Ripple CEO Brad Garlinghouse Reveals Top Players Who Are Signaling xRapid Activity

Ripple CEO Brad Garlinghouse Reveals Which Players Are Signaling xRapid Activity

Ripple, the parent-firm of the second largest cryptocurrency XRP, has received a lot of attention in 2018 due to its blockchain-based products dedicated to revolutionizing cross-border payments. Two products in particular β€” xCurrent and xRapid β€” caused quite a lot of hype during the time of their release, which also influenced the coin itself.

During a recent AMA (Ask Me Anything) session, Ripple's own CEO, Brad Garlinghouse, answered numerous questions regarding the company, its products, and XRP cryptocurrency. One group of questions that Garlinghouse was asked revolved around xRapid volume levels, as well as the company's expectations of the future.

Garlinghouse responded by listing several xRapid-related contracts that were already signed by some of the larger players. He particularly pointed out three companies whose customers are already enjoying xRapid's services. One such firm is Catalyst, the aggregator of around 1,400 bank credit unions. The company announced their intention to explore Ripple products around two months ago.

On the occasion, the company tweeted that they are interested in how blockchain technology might affect cross-border payments, with a particular interest in lesser costs and faster service. Garlinghouse also pointed out that banks might be able to source liquidity into the Mexican pesos through the use of xRapid.

4 Exchanges Providing Insight Into xRapid Volume And Activity

As for the signals that might provide a deeper insight into the activity of the product, Garlinghouse directly named four different exchanges β€” Bittrex, Bitstamp, Bitso, and Coins.ph.

Furthermore, Garlinghouse stressed to the community that Ripple and XRP are still in the early days of their progress. According to him, it will take time for any significant changes to take place in the banking industry. He stated that the process should be viewed as a marathon, in which Ripple is already far ahead in comparison to any potential competition.

Finally, he stated that he and Ripple are excited even for the journey itself, despite the fact that there is still a long way to go. As for anyone who wishes to check upon potential signals of xRapid activity in volume, they can do so by visiting mentioned exchanges.

He also hinted that there are plans to potentially include other exchanges in the future, although he did not go as far as to name which ones does the company have in mind. However, he believes that said exchanges will publically announce their involvement in due time. For now, however, the 4 mentioned exchanges are the only ones that can provide xRapid information.

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