XRP Divulges That Viamericas Is Also Using XRP-Powered xRapid

by | Oct 18, 2018 | Blockchain, Cryptocurrency, Cryptocurrency News

ripple | XRP | Viamericas | xRapid

Ripple is proving itself to be the one blockchain that is steadily and speedily stepping up the ladder of mass adoption. In its effort to bridge the gap between blockchain ecosystem and traditional fiat money based payment processors, Ripple has achieved one more  success.

After Ripple announced the  public release of xRapid at the Swell Conference, the Ripple team hinted towards alliance with three important global payment processors already, who are already testing their technology.  The new now garners more weight as Ripple revealed a new company that joins this list: Viamericas.

Viamericas

The Website stated that Viamericas is a “licensed money transmitter offering international money transfer, bill payment, check processing and top-up services at thousands of agent locations across the United States, and over 76,000 locations in 29 countries for cash payout or direct deposits to bank accounts”.

This partnership further solidifies Ripple’s position in the market in comparison to its any other competitor. Reportedly, Viamericas had been working with Ripple for a while now. Previous press indicated that the  payment processing company was experimenting with xRapid, however, no official confirmation was made.

Still maintaining an air of discreetness, the “announcement” just lists the  company within a Brochure published by RIpple titled “On-Demand Liquidity: Harnessing the power of XRP on RippleNet.” The document has Viamericas mentions as the first one of the list for adopting xRapid.

“A Game Changer Global payment providers, such as Viamericas, Cuallix, IDT, MercuryFX and others are using xRapid to significantly lower their liquidity costs and send real-time payments — an industry first.”

Neither Ripple nor official Viamericas website has any further information regarding this. Though the quote printed on the brochure:  by Paul Dwyer, Viamericas’ CEO, clearly expresses his enthusiasm.

” We believe that digital assets like XRP will play a key role in future of cross-border payments, helping to safely address some of the structural inefficiencies of legacy settlement infrastructure.” 

XRP currently performs best amongst the top 10 of coinmarketcap, the total market cap at the time of writing amounted to $18.726.617.062.

Read more: US President Donald Trump And White House Expresses Support For Ripple (XRP)

Arshmeet Hora

The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.”  Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.

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