Ripple Executive Confirms 10 Financial Institutions Are Actively Using XRP

Ripple executive Marjan Delattine has confirmed that 10 financial institutions partnered with Ripple are using the XRP digital asset via Ripple’s xRapid liquidity solution for cross-border payments.

While 10 financial institutions using XRP is a far cry from the 200+ financial institutions partnered with RippleNet and using xCurrent to facilitate cross-border transactions, it’s certainly a step in the right direction. Moreover, Delattine notes that these 10 partners are actively using XRP and the volume is increasing every day.

Delattine announced this accomplishment during a panel at the Paris Blockchain week summit running from April 16–17.

Furthermore, the image below shows a comparison between the potential xRapid flow volume from December 2018 to April 2019.

As seen in the data, the xRapid volume increased substantially in December 2018, had a significant decrease in January 2019, and has shown steady growth since.

Are you satisfied with the rate of growth and adoption Ripple’s XRP has thus far accomplished? Let us know what you think in the comment section below.

2 Comments

  • chris
    Posted May 4, 2019 8:39 pm 0Likes

    yeah its all good for RIPPLE inc. but it has zero effect on xrp value. And unlikely to have. Banks don’t want it to go up for at least 2 reasons – fees would go up and volatility may increase, both of which you don’t need when exchanging currencies – and therefore Ripple inc. will control it, they have no choice. Just look at the xrp chart, it’s impossible not to see it.

  • stefano
    Posted May 6, 2019 11:30 pm 0Likes

    Xrp is the best digital asset. About price….we will see it from today to 2021

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