Another Payment Provider (Fleetcor) to Pilot Ripple's XRP Cryptocurrency
Ripple foundation is rapidly making business contracts with big payment provider companies. Latest is Fleetcor Technologies who is going to trial Ripple's xRapid product which used XRP. Fleetcor acquired New York-based financial consultants Cambridge Global Payments last year who was using Ripple's New York-based financial consultants Cambridge Global Payments who was using Ripple's xCurrent product since 2017.
Apart from Fleetcor, IDT, Mercury, MoneyGram, Chinese LianLian, and Abu Dhabi's UAE Exchange are the latest companies to trial Ripple's payment gateway. Ripple claim that company has business agreements with 100s of financial companies.
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They are set for the financial district but I don’t believe they will challenge PayPal since some of their contracts are with PayPal supporters.
Curious who will replace PayPal!
Soon cryptocurrency equivalent will come for PayPal. Technology is evolving!!
agreed let me know if you find out which company that will be!
UTRUST is possibly developing PayPal like services. They just finished their ICO round.
https://utrust.io/
https://cointelegraph.com/news/the-blockchain-next-generation-alternative-to-paypal-has-arrived
Menuva Guys also trying to develop something like PayPal. Currenctly at ICO stage.
https://www.menuva.net/