Ripple Signs Up Three Firms for Crypto-Based Cross-Border Payments
Cryptocurrency startup Ripple announced this week that it has signed up three payment services firms Cuallix, MercuryFX and Catalyst Corporate Federal Credit Union as clients.
The companies will be using the startup’s virtual currency-based payment platform xRapid for international transfers.
It is said that the project will mark one of the first uses of cryptocurrency in a commercial product by financial institutions. Alastair Constance, MercuryFX CEO and founder, also revealed that they may roll out commercial payments sometime within the quarter.