Ripple Makes Ripples In Cross-Border Payments

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The news amid the cross-border arena – which you can view here – is that Ripple’s cross-border payments offering, known as xRapid, has been busy forging partnerships to help usher in greater acceptance of such activity, and to foster a “healthy ecosystem” of partners that will switch currencies into XRP and then back again.

This time around, Ripple has brought on Bittrex as a preferred digital exchange. The process of bringing fiat to digital token and back again may seem a bit complex, but there could be some lure here, as firms immersed in the pilot have been able to save 40 percent to 70 percent of transaction costs on cross-border activity. See more for yourself, here.