Ripple the enterprise payments blockchain company,
announced that three customers are using xRapid in production. They are MercuryFX, Cuallix, and Catalyst Corporate Federal Credit Union.
Ripple has a few products. The main one that numerous banks are using is xCurrent which is a quicker way to make transfers. xCurrent is essentially a bi-directional messaging protocol.
However, in most cases with xCurrent, one or both parties will have nostro accounts – a bank account with the receiving bank – which ties up a lot of money.
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