{"id":31919,"date":"2019-01-17T22:27:15","date_gmt":"2019-01-17T21:27:15","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=31919"},"modified":"2019-01-17T22:27:15","modified_gmt":"2019-01-17T21:27:15","slug":"ripples-ripplenet-xrp-showcases-real-world-effectiveness-mercury-fx","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/ripples-ripplenet-xrp-showcases-real-world-effectiveness-mercury-fx\/","title":{"rendered":"Ripple&#8217;s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX"},"content":{"rendered":"<p>After partnering up with the firm behind the second largest coin <a href=\"https:\/\/ethereumworldnews.com\/?s=xrp\">XRP<\/a> [XRP] Ripple as one of the +200 costumers, Mercury FX announced via their official twitter handle that they transacted their largest payment across RippleNet with a positive conclusion.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/1 We&#39;ve made our largest payments across RippleNet using <a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">#XRP<\/a> \u2013 86,633.00 pesos (\u00a33,521.67) from the U.K. to Mexico in seconds. <a href=\"https:\/\/t.co\/WsHJuZTiOy\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/WsHJuZTiOy<\/a><\/p>\n<p>&mdash; Mercury FX (@mercury_fx_ltd) <a href=\"https:\/\/twitter.com\/mercury_fx_ltd\/status\/1085915009048145920?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">January 17, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Using XRP, the firm transferred\u00a0\u00a33,521.67 or $4,552.41 while\u00a0they cited that UK based Mustard Foods was able to save \u00a379.17 and 31 hours on the transaction. Mustard Foods could be one of the best examples of the impact of using RippleNet could have as it opened doors to cheaper expenses, quicker orders and faster payments.<\/p>\n<p>As <a href=\"https:\/\/ethereumworldnews.com\/ripplenet-now-has-over-200-global-customers-with-5-more-using-xrp\/\">covered<\/a> by John P. Njui on EWN a few days ago,\u00a0The Ripple company<a href=\"https:\/\/ripple.com\/insights\/ripplenet-surpasses-200-customers-worldwide\/\" rel=\"nofollow noopener\" target=\"_blank\">\u00a0has announced<\/a>\u00a0via its website that 13 new financial institutions have joined RippleNet thus propelling the number of total global customers to over 200. RippleNet currently operates in 40 countries across 6 continents.<\/p>\n<p>Out of the 13 aforementioned financial institutions, 5 are confirmed as using XRP to source instant liquidity for their cross border payments. The are\u00a0JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank.<\/p>\n<blockquote><p>By the end of this year [2018], major banks will use xRapid as a liquidity tool. By the end of next year [2019], I would certainly hope that we will see\u2026in the order of magnitude\u2026of dozens. But we also need to continue to grow that ecosystem\u2026grow the liquidity. &#8211; Brad Garlinghouse<\/p><\/blockquote>\n<p>The success behind the team from Ripple could be standing by their marketing strategy and future plans of making the financial industry\u00a0<em>a better place to be.<\/em>\u00a0While not displacing traditional banking systems but helping them make payments cheaper and faster, it is finding its way to take\u00a0<em>spotlight\u00a0<\/em>in the crypto-verse.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After partnering up with the firm behind the second largest coin XRP [XRP] Ripple as one of the +200 costumers, Mercury FX announced via their official twitter handle that they transacted their largest payment across RippleNet with a positive conclusion. 1\/1 We&#39;ve made our largest payments across RippleNet using #XRP \u2013 86,633.00 pesos (\u00a33,521.67) from the U.K. to Mexico in seconds. pic.twitter.com\/WsHJuZTiOy &mdash; Mercury FX (@mercury_fx_ltd) January 17, 2019 Using XRP, the firm transferred\u00a0\u00a33,521.67 or $4,552.41 while\u00a0they cited that UK [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":31921,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,825,4656],"tags":[338,5825,83,5826,259,84,1121,6957],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/31919"}],"collection":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=31919"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/31919\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/31921"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=31919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=31919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=31919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}