Ripple XRP Usage by Cambridge Global Featured in The Nilson Report! – Revolut Adding XRP in April!

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The March 2018 Nilson Report featured Cambridge’s usage of Ripple XRP. This is huge exposure for XRP as the Nilson report is one of the most respected source of news and analysis of the global card and mobile payment industry. Currently in its 47th year of publication.

Cambridge Global Payments processes over $25 billion in cross-border payments annually on behalf of more than 13,000 business clients in the U.S. and Canada. Those payments are made to suppliers and employees in 200 countries.

Cambridge wants to lower costs and reduce the time it takes to make financial settlement on cross-border transactions while providing more comprehensive data to accompany settlement. Cambridge sees blockchain and related technologies available from Ripple as the answer.

Cambridge has been testing xCurrent, Ripple’s enterprise software for messaging and international transaction settlement.

Cambridge will test expansion of its blockchain-based processing to include the use of XRP, Ripple’s digital asset (cryptocurrency). XRP and the XRP Ledger software it works with are both part of xRapid, Ripple’s on-demand liquidity service.

Currently, a company like Cambridge needs to keep funds in bank accounts in many countries in which it does business to make financial settlement. In any country in which Ripple can provide immediate conversion of XRP to fiat currency and submit that credit into the local automated clearing house network (ACH), Ripple clients will not need to keep their own funds in a local bank. Cambridge will first use Ripple XRP in Mexico. Other countries in Latin America as well as in Asia-Pacific will follow.

Revolut App to list Ripple XRP in April!

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Ripple XRP Usage by Cambridge Global Featured in The Nilson Report! – Revolut Adding XRP in April!

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