Catalyst Corporate Federal Credit Union Inks A Deal With Ripple Who Praises XRP for Enterprise Blockchain Payments

Ripple has always been on the top of the crypto community when it comes to signing deals with institutional investors. Recently, Catalyst Corporate Federal Credit Union announced their plans to incorporate XRP powered xRapid.

Kathy Garner, the CEO of the company wants to use it for cross border payment solution to boost payments to Mexico. He stated:

“One of Catalyst Corporate’s largest endeavors in 2018 was forging a strategic partnership with Ripple, the leading enterprise blockchain provider for payments. Our goal is to send international payments to Mexico via Ripple’s blockchain solution. With this cooperative arrangement known as ‘Currentz’, secure cross-border money transfers can be completed within minutes.”

Even their COO, Brad Ganey thinks that this is the most cost-effective solution giving them a fair advantage over traditional wire services. He added:

“The traditional international wire experience fails to meet today’s expectations from a price, speed and ease-of-use perspective. Blockchain technology and specifically Ripple’s xRapid product resolves all three of these challenges simultaneously.” Ganey continues saying, “Catalyst Corporate, through our subsidiary companies’ technology platforms, will leverage the XRP digital asset to transfer money across borders instantly on behalf of our 1400+ member credit unions. We have signed a production contract and are currently building out our plan.”

The launch date is still to be decided. Market analyst and author, Peter Brandt has given his thoughts on Ripple's native token, XRP.

A coiled market is one which has the potential to make a strong move in one direction after being pushed in the opposite direction or held flat. This coiled move will often be more substantial than what might have been the case if it had continued in the normal direction without interference.

Peter has been generally right about his past predictions, it looks like that the future is bright for XRP.

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