Even though XRP is one of the biggest products from Ripple, the major product that it is currentlybeing aimed at financial institutions is xRapid.
瑞波(Ripple)宣布3家金融机构开始使用xRapid产品来处理国际交易.
October 1st Ripple announced that three financialinstitutions are scheduled to begin using Ripple's xRapid product to handle international transactions.
In a recent article, Marc Nicoli, the World Bank's senior financial sector specialist,said that xRapid could be a potentially transformational technology.
For its part,Ripple is aggressively courting banks and financial services firms with its XRapid technology, a mechanism for fast cross-border payments.
In using Ripple's XRP token for such transfers, xRapid can purportedly settle such transactions faster than with fiat currencies or other major digital assets.
MoneyGram will purportedly use Ripple's xRapid liquidity product, which allows money to be sent in one currency and instantly settled in the destination currency.
Currently, Cuallix is managing the key remittance corridor from the U.S. to Mexico,while MercuryFX will reportedly deploy xRapid in the Europe to Mexico corridor.
Ripple describes its xRapid product as using XRP as"bridge" between currencies, which executives say allows payment providers and banks to process faster cross-border transactions.
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