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Some Ripple insights
#1
xRapid Brings on Three New Exchange Partners

xRapid, Ripple’s cross border payments product that minimizes liquidity costs, is powered by the superior speed, low transaction cost and scalability of the digital asset XRP. But for xRapid to be most successful, there needs to be a healthy ecosystem of digital asset exchange partners around the world. These exchanges allow xRapid payments to move from one currency – into XRP – and back into another currency quickly and efficiently.
Bittrex will act as the preferred digital asset exchange for xRapid transactions that move through US Dollars. In addition, Bitso and Coins.ph will be preferred for Mexican Pesos and Philippine Pesos, respectively.

Here’s what a xRapid payment flow will look like from the U.S. to Mexico:

  1. A financial institution, that has an account with Bittrex, initiates a payment in US dollars via xRapid which is instantly converted into XRP on Bittrex.

  2. The payment amount in XRP is settled over the XRP Ledger.

  3. Bitso – through its Mexican Peso liquidity pool – instantly converts the XRP into fiat, which is then settled into a destination bank account.


“Bittrex is one of the biggest names in digital asset trading in the U.S. The same goes for Bitso in Mexico and Coins.ph in the Philippines. That makes today’s announcement an important development for xRapid,” said Cory Johnson, Chief Market Strategist at Ripple. “We’ve seen several successful xRapid pilots already, and as we move the product from beta to production later this year, these exchange partners will allow us to provide financial institutions with the comfort and assurance that their payments will move seamlessly between different currencies.”
“We are excited to be partnering with Ripple to bring the benefits of blockchain technology to cross-border payments, making sending money home more affordable for 10M+ overseas filipino workers”, says Ron Hose, CEO of South East Asia’s e-wallet and financial services company, Coins.ph.

In May, Ripple announced that financial institutions piloting xRapid saved 40-70% on average compared to traditional foreign exchange brokers who facilitate cross-border payments. The payments also settled in two minutes or less compared to two to three days from traditional methods.

What is xCurrent?

Instant and Certain Settlement
xCurrent is Ripple’s enterprise software solution that enables banks to instantly settle cross-border payments with end-to-end tracking. Using xCurrent, banks message each other in real-time to confirm payment details prior to initiating the transaction and to confirm delivery once it settles. It includes a Rulebook developed in partnership with the RippleNet Committee that ensures operational consistency and legal clarity for every transaction.
[Image: img_xcurrent_1@2x.png]

https://youtu.be/bU79HunxJp8

What is xRapid?
xRapid is for payment providers and other financial institutions who want to minimize liquidity costs while improving their customer experience. Because payments into emerging markets often require pre-funded local currency accounts around the world, liquidity costs are high. xRapid dramatically lowers the capital requirements for liquidity.
[Image: img_xrapid_1@2x.png]

What is xVia?
xVia is for corporates, payment providers and banks who want to send payments across various networks using a standard interface. xVia's simple API requires no software installation and enables users to seamlessly send payments globally with transparency into the payment status and with rich information, like invoices, attached.
[Image: img_xvia_1@2x.png]
What is this thing that builds our dreams, yet slips away from us?

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Messages In This Thread
Some Ripple insights - by Hugues - 2018-08-21, 07:08 PM
RE: Some Ripple insights - by Hugues - 2018-08-22, 09:39 PM
RE: Some Ripple insights - by Carsten - 2018-08-23, 07:52 AM
RE: Some Ripple insights - by Hugues - 2018-08-28, 04:32 PM
RE: Some Ripple insights - by Carsten - 2018-08-28, 06:57 PM
RE: Some Ripple insights - by Hugues - 2018-08-28, 07:55 PM
RE: Some Ripple insights - by Carsten - 2018-08-29, 09:27 AM
RE: Some Ripple insights - by Hugues - 2018-09-05, 06:45 AM
RE: Some Ripple insights - by Carsten - 2018-09-05, 08:36 AM
RE: Some Ripple insights - by Hugues - 2018-09-06, 05:29 PM
RE: Some Ripple insights - by Hugues - 2018-09-10, 05:34 PM
RE: Some Ripple insights - by Carsten - 2018-09-10, 07:11 PM
RE: Some Ripple insights - by Hugues - 2018-09-15, 10:29 AM
RE: Some Ripple insights - by Hugues - 2018-09-15, 05:50 PM
RE: Some Ripple insights - by Carsten - 2018-09-15, 02:36 PM
RE: Some Ripple insights - by Carsten - 2018-09-16, 01:37 PM
RE: Some Ripple insights - by Hugues - 2018-09-17, 08:20 PM
RE: Some Ripple insights - by Cell - 2018-09-18, 03:30 PM
RE: Some Ripple insights - by Hugues - 2018-09-18, 07:25 PM
RE: Some Ripple insights - by Carsten - 2018-09-19, 07:19 AM
RE: Some Ripple insights - by Hugues - 2018-09-19, 05:40 PM
RE: Some Ripple insights - by Carsten - 2018-09-20, 08:21 AM
RE: Some Ripple insights - by Hugues - 2018-09-24, 11:56 PM
RE: Some Ripple insights - by Carsten - 2018-09-25, 08:52 AM
RE: Some Ripple insights - by Hugues - 2018-09-25, 07:20 PM
RE: Some Ripple insights - by Carsten - 2018-09-26, 07:53 AM
RE: Some Ripple insights - by Hugues - 2018-09-28, 07:01 PM
RE: Some Ripple insights - by Carsten - 2018-09-29, 07:38 AM
RE: Some Ripple insights - by Hugues - 2018-10-02, 06:08 PM
RE: Some Ripple insights - by Carsten - 2018-10-02, 08:47 PM
RE: Some Ripple insights - by Hugues - 2018-10-03, 12:02 AM
RE: Some Ripple insights - by Carsten - 2018-10-03, 12:39 PM
RE: Some Ripple insights - by Hugues - 2018-10-06, 07:37 AM
RE: Some Ripple insights - by Carsten - 2018-10-06, 11:40 AM
RE: Some Ripple insights - by Hugues - 2018-10-30, 07:40 AM
RE: Some Ripple insights - by Carsten - 2018-10-30, 08:26 AM
RE: Some Ripple insights - by Hugues - 2018-11-19, 05:26 PM
RE: Some Ripple insights - by Carsten - 2018-11-20, 11:26 AM
RE: Some Ripple insights - by Cell - 2018-11-26, 03:43 PM
RE: Some Ripple insights - by Hugues - 2019-01-16, 08:50 PM
RE: Some Ripple insights - by Hugues - 2019-02-05, 06:33 AM
RE: Some Ripple insights - by Carsten - 2019-02-05, 09:24 AM
RE: Some Ripple insights - by Hugues - 2019-02-05, 10:38 PM
RE: Some Ripple insights - by Carsten - 2019-02-06, 09:15 AM
RE: Some Ripple insights - by Hugues - 2019-02-08, 07:55 AM
RE: Some Ripple insights - by Carsten - 2019-02-08, 05:31 PM
RE: Some Ripple insights - by Hugues - 2019-02-08, 06:16 PM
RE: Some Ripple insights - by Hugues - 2019-02-09, 02:35 PM
RE: Some Ripple insights - by Hugues - 2019-02-13, 07:22 PM
RE: Some Ripple insights - by Carsten - 2019-02-14, 09:25 AM
RE: Some Ripple insights - by Hugues - 2019-02-18, 07:09 AM
RE: Some Ripple insights - by Hugues - 2019-02-18, 04:56 PM
RE: Some Ripple insights - by Carsten - 2019-02-19, 03:20 PM
RE: Some Ripple insights - by Hugues - 2019-02-23, 03:08 PM
RE: Some Ripple insights - by Carsten - 2019-02-23, 05:57 PM
RE: Some Ripple insights - by Hugues - 2019-02-23, 06:12 PM
RE: Some Ripple insights - by Carsten - 2019-02-23, 06:26 PM
RE: Some Ripple insights - by Hugues - 2019-02-24, 10:01 AM
RE: Some Ripple insights - by Carsten - 2019-02-24, 10:31 AM
RE: Some Ripple insights - by Hugues - 2019-02-25, 10:16 PM
RE: Some Ripple insights - by Carsten - 2019-02-27, 10:55 AM
RE: Some Ripple insights - by Hugues - 2019-03-04, 06:49 PM
RE: Some Ripple insights - by Carsten - 2019-03-05, 08:26 AM
RE: Some Ripple insights - by Hugues - 2019-03-05, 08:54 AM
RE: Some Ripple insights - by Carsten - 2019-03-05, 11:37 AM
RE: Some Ripple insights - by Hugues - 2019-03-14, 08:49 AM
RE: Some Ripple insights - by Carsten - 2019-03-14, 09:01 AM
RE: Some Ripple insights - by Hugues - 2019-03-19, 08:10 AM
RE: Some Ripple insights - by Carsten - 2019-03-19, 09:12 AM
RE: Some Ripple insights - by Hugues - 2019-03-29, 07:56 AM
RE: Some Ripple insights - by Carsten - 2019-03-29, 08:39 AM
RE: Some Ripple insights - by Hugues - 2019-04-02, 04:37 PM
RE: Some Ripple insights - by Carsten - 2019-04-03, 09:14 AM
RE: Some Ripple insights - by Hugues - 2019-04-03, 04:12 PM
RE: Some Ripple insights - by Hugues - 2019-04-07, 08:51 AM
RE: Some Ripple insights - by Carsten - 2019-04-07, 10:39 AM
RE: Some Ripple insights - by Hugues - 2019-04-07, 10:44 AM
RE: Some Ripple insights - by Carsten - 2019-04-07, 11:06 AM
RE: Some Ripple insights - by Hugues - 2019-04-11, 07:22 AM
RE: Some Ripple insights - by Carsten - 2019-04-11, 08:39 AM
RE: Some Ripple insights - by Hugues - 2019-04-15, 07:08 AM
RE: Some Ripple insights - by Carsten - 2019-04-15, 08:51 AM
RE: Some Ripple insights - by Hugues - 2019-04-28, 02:31 PM
RE: Some Ripple insights - by Carsten - 2019-04-28, 03:10 PM
RE: Some Ripple insights - by Hugues - 2019-04-30, 07:23 AM
RE: Some Ripple insights - by Carsten - 2019-04-30, 08:01 AM
RE: Some Ripple insights - by Hugues - 2019-05-30, 07:52 PM
RE: Some Ripple insights - by Hugues - 2019-06-01, 05:22 PM
RE: Some Ripple insights - by Carsten - 2019-06-01, 06:07 PM
RE: Some Ripple insights - by Hugues - 2019-06-01, 06:36 PM
RE: Some Ripple insights - by Hugues - 2019-06-22, 09:49 AM
RE: Some Ripple insights - by Carsten - 2019-06-22, 10:42 AM
RE: Some Ripple insights - by Hugues - 2019-06-22, 11:31 AM
RE: Some Ripple insights - by Carsten - 2019-06-22, 02:47 PM
RE: Some Ripple insights - by Hugues - 2019-07-08, 08:12 PM
RE: Some Ripple insights - by Carsten - 2019-07-09, 08:10 AM
RE: Some Ripple insights - by Hugues - 2019-07-22, 07:04 PM
RE: Some Ripple insights - by Carsten - 2019-07-23, 09:51 AM
RE: Some Ripple insights - by Hugues - 2019-07-23, 12:30 PM
RE: Some Ripple insights - by Carsten - 2019-07-24, 07:54 AM
RE: Some Ripple insights - by Hugues - 2019-07-30, 04:16 PM
RE: Some Ripple insights - by Carsten - 2019-07-30, 07:47 PM
RE: Some Ripple insights - by Carsten - 2019-07-31, 05:16 PM
RE: Some Ripple insights - by Carsten - 2019-08-16, 09:43 AM
RE: Some Ripple insights - by Hugues - 2019-08-16, 06:06 PM
RE: Some Ripple insights - by Carsten - 2019-08-16, 07:54 PM
RE: Some Ripple insights - by Hugues - 2019-08-25, 11:03 AM
RE: Some Ripple insights - by Carsten - 2019-08-25, 12:34 PM
RE: Some Ripple insights - by Hugues - 2019-08-25, 01:30 PM
RE: Some Ripple insights - by Carsten - 2019-08-25, 02:29 PM
RE: Some Ripple insights - by Hugues - 2019-09-02, 07:08 PM
RE: Some Ripple insights - by BobBobert - 2019-09-03, 12:05 PM
RE: Some Ripple insights - by Carsten - 2019-09-03, 01:43 PM
RE: Some Ripple insights - by BobBobert - 2019-09-04, 12:44 PM
RE: Some Ripple insights - by Carsten - 2019-09-04, 04:30 PM
RE: Some Ripple insights - by BobBobert - 2019-09-05, 01:21 PM
RE: Some Ripple insights - by Carsten - 2019-09-05, 04:20 PM
RE: Some Ripple insights - by Hugues - 2019-09-05, 08:58 PM
RE: Some Ripple insights - by Carsten - 2019-09-06, 02:37 PM
RE: Some Ripple insights - by Hugues - 2019-10-12, 03:26 PM
RE: Some Ripple insights - by Carsten - 2019-10-13, 11:00 AM
RE: Some Ripple insights - by Hugues - 2019-10-13, 11:37 AM
RE: Some Ripple insights - by Carsten - 2019-10-13, 11:55 AM
RE: Some Ripple insights - by Hugues - 2019-10-21, 08:44 AM
RE: Some Ripple insights - by Carsten - 2019-10-21, 11:50 AM
RE: Some Ripple insights - by Hugues - 2019-10-27, 04:20 PM
RE: Some Ripple insights - by Carsten - 2019-10-27, 04:30 PM
RE: Some Ripple insights - by Hugues - 2019-10-27, 04:36 PM
RE: Some Ripple insights - by Carsten - 2019-10-27, 04:41 PM
RE: Some Ripple insights - by Cell - 2019-10-28, 08:10 PM
RE: Some Ripple insights - by Hugues - 2019-10-28, 09:13 PM
RE: Some Ripple insights - by Carsten - 2019-10-29, 08:34 AM
RE: Some Ripple insights - by Hugues - 2019-12-11, 09:10 PM
RE: Some Ripple insights - by Carsten - 2019-12-12, 07:23 AM
RE: Some Ripple insights - by Hugues - 2019-12-21, 04:51 PM
RE: Some Ripple insights - by Carsten - 2019-12-21, 07:37 PM
RE: Some Ripple insights - by Hugues - 2020-01-11, 03:28 PM
RE: Some Ripple insights - by Carsten - 2020-01-11, 03:45 PM
RE: Some Ripple insights - by Hugues - 2020-01-12, 09:05 AM
RE: Some Ripple insights - by Carsten - 2020-01-12, 11:32 AM
RE: Some Ripple insights - by Hugues - 2020-01-12, 09:46 PM
RE: Some Ripple insights - by Carsten - 2020-01-12, 09:48 PM
RE: Some Ripple insights - by Hugues - 2020-01-27, 04:35 PM
RE: Some Ripple insights - by Carsten - 2020-01-27, 05:16 PM
RE: Some Ripple insights - by Hugues - 2020-01-27, 05:21 PM
RE: Some Ripple insights - by Carsten - 2020-01-28, 10:16 AM
RE: Some Ripple insights - by Hugues - 2020-01-28, 07:45 PM
RE: Some Ripple insights - by Carsten - 2020-01-28, 09:20 PM
RE: Some Ripple insights - by Hugues - 2020-02-04, 05:50 PM
RE: Some Ripple insights - by Carsten - 2020-02-04, 05:57 PM
RE: Some Ripple insights - by Hugues - 2020-02-05, 12:13 AM
RE: Some Ripple insights - by Carsten - 2020-02-05, 08:36 AM
RE: Some Ripple insights - by Hugues - 2020-02-05, 08:41 AM
RE: Some Ripple insights - by Carsten - 2020-02-05, 01:08 PM
RE: Some Ripple insights - by Hugues - 2020-02-12, 05:59 PM
RE: Some Ripple insights - by Hugues - 2020-02-26, 08:51 PM
RE: Some Ripple insights - by Carsten - 2020-02-27, 09:46 AM
RE: Some Ripple insights - by Hugues - 2020-03-06, 02:00 PM
RE: Some Ripple insights - by Carsten - 2020-03-06, 05:49 PM
RE: Some Ripple insights - by Hugues - 2020-03-30, 04:24 PM
RE: Some Ripple insights - by Junior - 2020-03-30, 04:30 PM
RE: Some Ripple insights - by Carsten - 2020-03-30, 08:43 PM
RE: Some Ripple insights - by Hugues - 2020-04-02, 10:15 PM
RE: Some Ripple insights - by Carsten - 2020-04-03, 03:40 PM
RE: Some Ripple insights - by Hexxler - 2020-06-06, 07:00 PM

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