• Latest

World Bank is Bullish on xRapid, Endorsed it for Quick Transfer of Funds

March 29, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Ripple

World Bank is Bullish on xRapid, Endorsed it for Quick Transfer of Funds

coinnewsdaily by coinnewsdaily
March 29, 2019
in Ripple
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
ripple claims ‘a very big win’ in sec case

Ripple claims ‘a very big win’ in SEC case

April 19, 2022

The latest blog post of World bank discusses payment across Distributed Ledger Technology(DLT). Within the article, Worldbank with DLT, embraced Ripple’s technology xRapid.

A blog post entitled ‘Paying across borders – Can distribute ledgers bring us closer together?’, published on March 26, states the experimentation of payment transfer using xRapid. It majorly highlights the importance of distributed ledger technology or DLT for Remittance on and for emerging economies with a small portion, discussing the importance of xRapid.

World Bank noted that the experimentation of xRapid in the year 2018 and endorsed this technology as it took only two-to-three seconds for the transfer of funds. Despite being a competitive, U.S.Mexico corridor, xRapid took a leap, the blog reads.

In 2018, Ripple, a FinTech company, piloted xRapid, a DLT-based cross-border payments solution, along with the very competitive U.S.-Mexico corridor. Financial institutions involved in the pilot saved 40%-70% in foreign exchange costs, and the average payment times was just over two minutes. The transfer of funds on xRapid took two to three seconds, with most of the processing time explained by domestic payment rails and intermediary digital asset exchanges.

For a payment and fintech firms, Ripple with its underlying products, crowning the market. Consequently, the DLT or the distributed ledger technology across the fintech industry is also ruling by Ripple, other players in a row include Circle, JP Morgan, and Visa.

As such, xRapid which include XRP, the third largest cryptocurrency is reportedly integrated across email (Outlook). Moreover, reports also revealed that such developers are intending to introduce a similar method to other emails as well.

Just to remind, similar to crypto integration on Outlook, XRP community member is also demanding Skype to integrate XRP as the micro-payment via XRPTipBoat.


Ads by Cointraffic

Credit: Source link

Tags: Ripple
Share76Tweet47
Previous Post

Craig Wright’s nChain Is Hiring a Lawyer to ‘Prosecute’ Its Crypto Patents

Next Post

Bitmain’s Jihan Wu: ASICs Are Making Ethereum Mining More Decentralized

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot
Alt Coin

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
ripple claims ‘a very big win’ in sec case
Ripple

Ripple claims ‘a very big win’ in SEC case

April 19, 2022
ripple’s case: how will it affect xrp’s 2022 price?
Ripple

Ripple case: How will it affect XRP 2022 price?

April 17, 2022
price analysis 4/11: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/11: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 11, 2022
price analysis 4/6: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/6: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 7, 2022
price analysis 4/4: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/4: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 4, 2022
Load More
Next Post
Bitmain’s Jihan Wu: ASICs Are Making Ethereum Mining More Decentralized

Bitmain's Jihan Wu: ASICs Are Making Ethereum Mining More Decentralized

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,538.00-0.80%
  • ethereumEthereum(ETH)$1,648.630.43%
  • tetherTether(USDT)$1.000.03%
  • binancecoinBNB(BNB)$324.652.22%
  • rippleXRP(XRP)$0.410940-0.89%
  • cardanoCardano(ADA)$0.3994300.43%
  • dogecoinDogecoin(DOGE)$0.091373-3.18%
  • matic-networkPolygon(MATIC)$1.19-0.30%
  • okbOKB(OKB)$40.005.29%
  • solanaSolana(SOL)$24.34-2.50%
  • polkadotPolkadot(DOT)$6.561.54%
  • shiba-inuShiba Inu(SHIB)$0.0000122.05%
  • litecoinLitecoin(LTC)$99.24-1.24%
  • tronTRON(TRX)$0.0638710.94%
  • daiDai(DAI)$1.00-0.03%
  • cosmosCosmos Hub(ATOM)$14.36-2.68%
  • chainlinkChainlink(LINK)$7.13-1.14%
  • leo-tokenLEO Token(LEO)$3.370.30%
  • moneroMonero(XMR)$172.84-2.74%
  • ethereum-classicEthereum Classic(ETC)$22.460.43%
  • bitcoin-cashBitcoin Cash(BCH)$137.241.17%
  • stellarStellar(XLM)$0.091973-0.40%
  • filecoinFilecoin(FIL)$5.47-3.63%
  • crypto-com-chainCronos(CRO)$0.080424-0.44%
  • algorandAlgorand(ALGO)$0.2571072.41%
  • vechainVeChain(VET)$0.024172-2.38%
  • internet-computerInternet Computer(ICP)$5.80-3.82%
  • aaveAave(AAVE)$89.031.03%
  • eosEOS(EOS)$1.07-0.71%
  • elrond-erd-2MultiversX(EGLD)$45.132.46%
  • theta-tokenTheta Network(THETA)$1.07-0.65%
  • tezosTezos(XTZ)$1.10-0.02%
  • huobi-tokenHuobi(HT)$5.8512.85%
  • paxos-standardPax Dollar(USDP)$1.00-0.01%
  • bitcoin-cash-svBitcoin SV(BSV)$42.65-1.76%
  • havvenSynthetix Network(SNX)$2.52-5.74%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.161.74%
  • dashDash(DASH)$61.34-2.59%
  • iotaIOTA(MIOTA)$0.2327380.13%
  • neoNEO(NEO)$8.925.76%
  • makerMaker(MKR)$672.100.61%
  • zcashZcash(ZEC)$45.93-2.82%
  • zilliqaZilliqa(ZIL)$0.0284280.22%
  • basic-attention-tokenBasic Attention(BAT)$0.268141-1.52%
  • compound-governance-tokenCompound(COMP)$52.71-4.75%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • nemNEM(XEM)$0.038770-1.40%
  • kusamaKusama(KSM)$36.921.36%
  • sushiSushi(SUSHI)$1.5317.45%
  • bitcoin-goldBitcoin Gold(BTG)$16.95-2.01%
  • qtumQtum(QTUM)$2.74-0.58%
  • wavesWaves(WAVES)$2.59-1.12%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • yearn-financeyearn.finance(YFI)$7,671.962.52%
  • golemGolem(GLM)$0.2487892.03%
  • omisegoOMG Network(OMG)$1.460.14%
  • ontologyOntology(ONT)$0.213982-0.40%
  • digibyteDigiByte(DGB)$0.0108750.10%
  • umaUMA(UMA)$2.08-0.03%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%