Ripple has one main priority; to\nreplace SWIFT as the dominant cross-border payment system by offering\ntransactions that are faster with reduced fees. They have rolled out products\nover the years geared towards achieving that, and one of such products is the\nxRapid. The product has now saved a client a whopping $30,000 in a recent\ntransaction in Australia<\/p>\n\n\n\n
xRapid Saves Client Huge Sum During House Sale<\/strong><\/p>\n\n\n\n xRapid<\/a> is a product designed by Ripple for\npayment providers and other financial entities that wish to reduce liquidity\ncost while also improving their customer experience. The product makes use of\nXRP cryptocurrency which helps reduces transaction costs while allowing\npayments to happen at real-time.<\/p>\n\n\n\n The product has performed its\nfunction excellently over the past few months, and it has recently saved a\nclient of Mercury FX a large sum of money. According to a tweet by the company\nthat helps people move funds around the world, the use of xRapid made it\npossible for the client to save such amount.<\/p>\n\n\n\n \u201cWe just saved a client 30k on moving the cash from selling his house in Australia to the UK. That’s a huge saving compared to what he’d get from the banks – and goes a long way toward paying Stamp Duty on a house here! #yourewelcome<\/em>,\u201d Mercury FX tweeted<\/a>. <\/p>\n\n\n\n The client sold his house in\nAustralia and sent the funds to the UK. By making use of xRapid, Mercury FX was\nable to save their customers $30,000, a vast sum of money that would have gone\nto charges under the traditional cross-border payment system.<\/p>\n\n\n\n Read: <\/em><\/strong>BitStamp, Coins.ph and Bitso Ripple (XRP) Transaction\nVolumes Spike, But Why Are Prices Stagnant?<\/a><\/p>\n\n\n\n Cryptocurrency enthusiasts on Twitter\nwere impressed by the results achieved by Mercury FX all thanks to xRapid.\nWhile some were doubtful about the whole scenario, most users are hopeful that\nmore financial institutions would start using XRP and this would lead to\nmassive adoption of the cryptocurrency. <\/p>\n\n\n\n There\u2019s Hype Around xRapid, And It Is Deserved<\/strong><\/p>\n\n\n\n There is so much hype around xRapid\nby Ripple and XRP enthusiasts and following this latest development, and it was\nclear to see why. There have been concerns in some corners a few months ago\nthat the product could not live up to its bidding. However, it has performed\nexcellently since it was launch a few months ago.<\/p>\n\n\n\n