Ripple has developed a payment platform called xRapid to connect financial institutions around the world on a blockchain-based network easing interbank services. It is also predicted that xRapid will shoot up XRP value within a few months. As it has a simplified procedure and international payments which usually took between 3 to 5 days were completed in seconds on the decentralized platform.
Read full article on xRapid here- https://www.financemagnates.com/cryptocurrency/news/currencies-direct-tests-international-money-transfer-xrapid/
They aim to offer the best possible service. They believe that utilizing cryptocurrencies in this way – as a transfer of value, rather than as a store of value – is the next logical step for their industry.
