Ripple has released its first pilot results for its remittance solution, xRapid. xRapid is one of the three solutions the company offers – the other two being xVia and xCurrent – and the only one that uses its native digital asset, XRP. In releasing the results via a blog post, the company’s senior vice president of product, Asheesh Birla, pointed out the many benefits of using blockchain technology to modernize global financial services, including faster transactions and greater cost-efficiency. Savings Of Up To 70% Recorded The aggregated results from several pilots of xRapid indicate that financial institutions facilitating payments on the corridor alongPowered by WPeMatico
