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9 May 2021
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Euro Exim Bank Showers Ripple’s xRapid and xCurrent with praises!

  • “We are implementing both xCurrent [payments processing solution] and xRapid [on-demand liquidity solution],” Euro Exim Bank.
  • The two payment solutions will be launched in tandem following successful trials.

It is correct to say that Ripple had a successful 2018 in regards to the performance of its products. The blockchain signed more than 200 partners to its RippleNet payment network. In addition, Ripple lunched the xRapid system.

This year has also begun with good news from the company as banks and other payment providers align themselves to integrate Ripple’s solutions in a bid to improve cross-border transfers experience for their customers. One of these banks is the Euro Exim Bank which recently announced plans to launch xRapid powered international remittances. The bank is very excited with the partnership to the extent of publishing a YouTube video that explains how Ripple will help achieve secure and fast cross-border fund transfers. The bank says that the xRapid solution will boost its customers’ liquidity and revolutionize global payments arena.

“Euro Exim Bank has joined Ripple, connecting banks, payment providers and digital asset exchanges via RippleNet to provide clients with one frictionless experience to send money globally. Operating collaboratively with Ripple and selected counterparts, we are implementing both xCurrent [payments processing solution] and xRapid [on-demand liquidity solution] building on its extensive technology capabilities and blockchain expertise in trading systems.”

The bank’s director, Kaushi Punjani explained that they had concluded trials of the xRapid and the xCurrent systems. The two payment solutions will be launched in tandem.

“Working collaboratively with Ripple and selected counterparts, we have designed, tested and are implementing both xCurrent [payments processing solution] and xRapid [on-demand liquidity solution] in record time.”

At the time of press, XRP is trading at $0.33. There has been a correction from the lows traded yesterday around $0.3233. The buyers defended the support at $0.32. XRP is battling to recover and reclaim the position in the narrow range with a limit at $034.

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