Euro Exim Bank’s Head Praises Ripple’s Efficiency for Trading and Transacting Funds via XRP Ledger

Over the past couple of years, Ripple and its associated XRP cryptocurrency have captured the imagination of the global finance sector. This is because the firm has been able to partner up with a wide array of multinationals so as to push alt-assets into the mainstream — as well as help with their adoption within real-world industries.

In this regard, Graham Bright, Head of Compliance and Operations at Euro Exim Bank, recently spoke about his firm’s partnership with Ripple and how it was impacting the global payments arena in a big way.

Bright went on record to state that the primary challenge ahead of him was to make his company’s customers feel secure about digital currencies. Not only that, he also noted the need for clients to gain seamless access to “fast, reliable and trusted service across the spectrum” as being Euro Exim’s top priority at the moment.

For those of our readers who may already know, cross-border transactions have been Ripple’s primary modus operandi for quite some time now. As a result of this, many big-name players have continued to flock towards the crypto company over the last 16 months or so.

https://twitter.com/RipplePress/status/1099484399589093381

More on the Subject

According to Bright, Euro Exim bank is looking to enter the African as well as Middle-Eastern Market in the near future. In regards to the matter, he was quoted as saying:

“What we are solving with Ripple and xRapid is the problem that many large companies are facing right now. Sure, they could have transferred everything on ships or by flight but conducting transactions in the native currency has always been the issue. That is where we step in.”

On the subject of why Euro Exim decided to adopt xRapid, Bright said that a lot of his company’s core clientele had been asking for a provision that would make international transfers cheaper and much more streamlined.

“Another important aspect in transactions is speed of transmission and settlement. A majority of the people consider low volume and high-value transactions but we want to look at the transactions that need high volume and low value.”

Final Take

In closing out this piece, it is worth mentioning that Mr. Bright is confident that moving into the future, his firm’s clients will continue to benefit from the xRapid protocol.

Not only that, he also claims that Euro Exim’s dev team has been working on a new crypto-based module that will help make airline payments as well as other daily transactions much more hassle-free.