At the core of Ripple are three poster products that executives say shall propel Ripple software solutions to the mainstream. Other than xVia—the payment access solution and xCurrent which fronts Ripple in payment processing is xRapid. According to proponents, implementation of xRapid shall no doubt draw extra demand for XRP, the liquidity tool. This is so because the solution makes use of the token for their cheap, cross border instantaneous payment and emblems the general objective of the very existence of Ripple as a company.
xRapid Launching in one Month
Now, good news is, xRapid is set for launch in the next few months according to Sagar Sarbhai, the head of Regulatory Relations in Middle East and Asia-Pacific. While speaking to CNBC, the executive said he was confident that in the next month or so, supporters should expect good news as the company prepares to launch live production of xRapid.
“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production”
Ripple markets itself as the better alternative for cheap and convenient cross border payment solution. For actualization of this goal, the company has been on the fore front pitching at different conferences, webinars and meet-ups the benefits adopting companies stand to amass should they adopt Ripple wholesome package.
Ripple Building an ecosystem around xRapid
Recently, it was demonstrated that companies that make use of XRP for example could save anywhere between 40 percent to 70 percent of the total cost. That’s aside the speedy settlement and almost negligible costs. For this reason, the company has gearing up building an ecosystem around the use of xRapid and XRP.
As reported by RippleCoinNews, a web of exchanges between Bitso of Mexico, Coins.Ph of Philippines and Bittrex of the US would kick start this cross-border movement between the three countries with XRP acting as a go-between providing the extra fluidity needed for settlement.