News Ripple Adoption & Utility Increase: Mercury FX Makes Its...

Ripple Adoption & Utility Increase: Mercury FX Makes Its Largest Payment Across RippleNet

-

- Advertisment -

Ripple enjoys more and more achievements even if we’re just at the beginning of 2019.

Mercury FX processes its largest payment via RippleNet

Ripple’s partner, Mercury FX revealed that the company processed their largest payments across RippleNet using XRP.

They moved  $4,552.41 from the UK to Mexico. They also said that Mustard Foods from the UK was able to save 31 hours and over $100 with this transaction. Mustard Foods is the food production company that supplies more than 500 restaurants in the UK and Europe.

They have been able to enjoy benefits from RippleNet by being able to make faster and cheaper payments to suppliers in order to get their ingredients quickly, giving a try to Ripple’s services.

Of course, more substantial payments are on the way to being processed once companies get comfy with the results and gain trust.

It’s true that the amount of money that was sent now is not too considerable compared to the billions of dollar that are moved between crypto wallets on a daily basis, but it’s all about new businesses trying Ripple’s services.

This is only the newest example of mainstream adoption and utility that’s been displayed by Ripple’s products. RippleNet has been already made the headlines with its about 200 customers.

More of the network’s clients are expected to start using xRapid and enjoy the benefits of XRP.

Santander recently praised RippleNet

Santander just praised Ripple and reported that Ripple-powered payments application One Pay FX is offering customers the ability to send cross-border transactions at much faster speeds compared to the competitors in the field.

During the Santander International Banking Conference in Madrid, executive chairman Ana Botín said:

“You can do FX transfers, real-time, between the UK and continental Europe. And you can do Poland, Brazil, and Chile – through Santander – for the same cost as TransferWise. And that is the reason why we need to really think about what is real reciprocity. The devil is in the details and the timing.”

Brad Garlinghouse expects to see more and more banks and financial institutions getting on board.



Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Network Security Using Cryptography: Everything you need to know

This article will describe what is Network Security Using Cryptography and everything you need to know before...

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange,...

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when dealing with a decentralized and anonymous currency, but does bitcoin...

Crypto can’t thrive in the real world – but stablecoins can

We can safely say that the hype about cryptocurrencies is pretty much over. The claims of Bitcoin...
- Advertisement -Ripple Adoption & Utility Increase: Mercury FX Makes Its Largest Payment Across RippleNet

How to double your crypto

Most of us have a small gambler deep inside our souls. We love to feel the thrill...

Cryptocurrency Top Security Risk Concerns: What You Can Do to Protect Your Crypto

A report by CipherTrace revealed that in the first half of 2019, criminals and fraudsters stole more...

Must read

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came...
- Advertisement -Ripple Adoption & Utility Increase: Mercury FX Makes Its Largest Payment Across RippleNetRipple Adoption & Utility Increase: Mercury FX Makes Its Largest Payment Across RippleNet

You might also likeRELATED
Recommended to you