Currently, Ripple’s native token XRP is the second largest cryptocurrency in the space right now just as it was during the last few weeks of 2018 before getting overtaken by Ethereum once more at the start of this year.
The persistent behaviour of XRP and Ripple to partner up with financial institutions seems to be changing the game for the San Francisco based blockchain start-up. The past few months alone have seen the firm secure many important partnerships.
One of the new partners for Ripple is Euro Exim bank which will be the first registered bank across the globe to use xRapid for cross-border payments. Speaking in a recent interview, the CEO of Ripple Brad Garlinghouse said:
“This is consistent with Ripple’s vision of XRP as a fast and inexpensive source of liquidity for cross-border transactions. Instead of banks having to maintain foreign bank accounts, the idea is for them to buy XRP with dollars or euros and rely on local market makers to exchange XRP into local…
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