Payments News


Ripple claims success in first pilot trials of XRP for cross-border payments

“Ripple is claiming promising results from the first pilot trials by remittance platforms of its digital asset XRP as a medium of exchange. While big banks continue to shy away from the use of XRP as a form of reserve currency in funds transfers, Ripple appears to have found a sweet spot for the adoption of xRapid in the $569 billion remittance market.”