/biz/ - Business & Finance

>>7785870
https://ripple.com/insights/much-ado-much-to-do-part-3/

>In its end state, here is how xRapid will work:

>Financial institutions or corporations will initiate a payment through xRapid.
xRapid sources the most competitive liquidity option across all of the exchanges and third-party market makers it connects.
>Whichever market maker offers the tightest spread takes the sending currency, trades it into XRP, transfers the XRP to the destination (in just a few seconds), trades it into the destination currency and then settles it in the destination account.
>This end-to-end flow is instant, seamless and enables FIs to service cross-border payments on an on-demand basis — no more trapped working capital or expensive FX services!