Ripple XRP will Explode. Ripple Reports positive Results of Xrapid pilots.
The only enterprise solution says Chris Larsen.
According to the pilot results, participating financial institutions saw a savings of 40-70 percent compared to what they normally pay expensive foreign exchange providers.
In addition, an average xRapid payment took just over two minutes, compared to today’s average of 2-3 days when sending cross-border payments. The leg of the transfer that touches the XRP Ledger only takes 2-3 seconds with the additional processing time happening while the transfer moves across the intermediary digital asset exchanges and local payment rails.
It’s clear that xRapid can lower liquidity costs while increasing payment speed and transparency in a way that facilitates rigorous compliance controls. We believe that digital assets like XRP will play a key role in the future of cross-border payments,
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