/biz/ - Business & Finance

>>7785654
>>7785671
Lookup xRapid (uses XRP)

>5 institusions are currently using xRapid (MoneyGram, Cuallix, FlashFX, IDT and MercuryFX).
>Many banks are currently using xCurrent. Since xRapid is cheaper (saves up to 60%) and provides final settlement, they are likely to transition to it.
>Bichip will use XRP in its RFID chips.


.

and not mention, P2P payments in the future (thanks to Interledger).

>>7654113
It's my personal research. You can google each point. You can also read this to understand what problem Ripple is solving:
https://ripple.com/insights/ripple-and-xrp-can-cut-banks-global-settlement-costs-up-to-60-percent/

>>7652449
>In the past banks were also doing pilots and nothing came up from it.

no, several banks moved to production.

>You do know that what actually happens

no, xRapid is superior to xCurrent, it provides real settlement possible and saves more money


try again, pajeet.

>>7651648
xCurrent (doesn't use XRP) is just a way to get banks and institutions through the door. xRapid (uses XRP) is the superior product (final settlement + saves more money), once clients are comfy with xCurrent, they are likely to transition to xRapid (if there's no problem with regulations).

>>7650478

>>7650044
everything you said is false.

xCurrent is just a way to get them through the door. xRapid (uses XRP) saves more money and provides final settlement. It's inevitable next step for xCurrent users. They can't use it now because of regulations (xRapid involves using public crypto exchanges)

>>7647218
xCurrent is just a way to get them through the door. xRapid (which uses XRP) is the next step.

xRapid saves more money and has final settlement.

>>7643701
it saves them money, the only reason they aren't using it now is because of regulations, they said it explicitly.

and I don't care if banks don't use it. 5 institutions are using it. Almost everyone will be using it for web payments.