More

    XRP Effect: Mercury Fx Makes Its Largest Payment Across RippleNet Via XRP

    XRP Effect: Mercury Fx Makes Its Largest Payment Across RippleNet Via XRP

    One of the Ripple clients, Mercury Fx has all the praises for Ripple and its product RippleNet and XRP. Just a few hours back, the company took to Twitter to share its latest achievement.

    “We've made our largest payments across RippleNet using #XRP – 86,633.00 pesos (£3,521.67) from the U.K. to Mexico in seconds.”

    Founded in 2017, Mercury FX is a currency specialist company that offers faster, cheaper, and secure currency services for international transactions. What’s interesting is the fact that it helped save money in the process as the company further states,

    “UK-based Mustard Foods saved £79.17 and 31 hours on the transaction.”

    James Durrant, the Commercial Director at Mustard Foods Limited shared how this is a big thing for them,

    “As a food production company supplying 500+ restaurants in the UK & Europe, we pay suppliers around the world to get quality ingredients for our customers. Faster, cheaper payments allow us to fulfil orders quickly and grow our business.”

    Ripple shared the real life example of XRP and RippleNet usage and how they are actually helping the businesses move transactions at a faster speed and less cost.

    XRP community is really excited to see the development XRP and Ripple’s other products are making and a real life example at that got them bouncing. One XRP enthusiast shared his excitement with,

    “Happy to be part of this innovation! Go Ripple! Go mercury_fx_ltd! Show the world how this helps everyone with cross-border payments!”

    While another one had this to say,

    “Being a small business owner….this is a paradigm shift in finance… Tell any business owner they can have 2% extra margin for free and they will take it 7days a week and twice on Sundays… Ripples turning into tsunami's.”

    Last year, around August, it has been revealed that Mercury Fx will be running payment trials in Mexico and China by leveraging Ripple’s technology as it reads on its website,

    “Mercury will be testing payments into China and Mexico with Ripple and we're most excited about the potential to bring currently unconnected markets into the fast lane of global finance.”

    “Rather than see cryptos and blockchain technology as a threat,” Mercury Fx has been working on embracing it as the firm has a strong belief in this nascent technology that will “eventually replace the SWIFT network alongside other frankly clunky payments networks. Cryptos will be used as a conduit to replace fiat eventually.”

    Just recently, a member of the XRP community shared on Twitter that Deutsche bank HSBC and Xoom are now working with Ripple. Interestingly, Xoom payment service is owned by PayPal and Ripple will be indirectly working with its competitor.

    Meanwhile, the 2nd largest cryptocurrency is trading at $0.3276 with 24-hours loss of about 0.86 percent as per Coinmarketcap.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,366FansLike
    2,785FollowersFollow
    4,135FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    General Motors (GM) Files Blockchain-Based Map Network Patent for Autonomous Vehicles

    General Motors (GM) plans to build a self-updating navigation system on blockchain to allow use across “specific roads” on autonomous vehicles. In a newly...

    BTC Proposes a Greater Value Than Gold; $670M Transferred For 26 Cents Within Its Network

    Bitcoin’s value proposition in fund transfers is so far one of the most cost-friendly avenues to send money globally. A recent transaction within its...

    COVID-19's Impact On The Economy Claims Another Business as Cambrial Capital to Shut Down

    Cambrial Capital which focuses on a Crypto fund of funds is set to shut down its operations in the near future according to insiders...

    Apple’s New Intelligent Prevention Tracking (ITP) on iOS Threatens Burner Wallets Existence

    Apple’s recent upgrade on the Safari WebKit might soon phase out the convenience of burner wallets within the cryptocurrency space for its users. ...

    Galaxy Digital's Mike Novogratz: This Is The Year For BTC Or I Might ‘Hang Up My Spurs'

    Bitcoin proponent, Mike Novogratz is still “most excited” about the world's leading cryptocurrency but “if it doesn't go all out by the end of...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.