Ripple: XRP Payment Pilots Cut Fees by 40-70 Percent https://www.coindesk.com/ripple-xrp-payment-pilots-saw-40-70-percent-fee-savingsteemCreated with Sketch.

in #xrp6 years ago

image

Distributed ledger startup Ripple published the results of its xRapid pilot programs on Thursday,

The report focused on the company's offering centered around the cryptocurrency XRP, stating that pilot-takers saw significant savings on fees as well as overall transaction times. The company has announced a number of partnerships in recent months with companies piloting xRapid as well as xCurrent, another offering that does not utilize XRP.

Head of product Asheesh Birla told CoinDesk that the company looked at seven pilot projects, finding that the results were fairly similar across the board. As a result, the startup aggregated the data into the 40-70 percent savings released in its report on Thursday. He also noted that transactions across borders only took a few minutes, compared to a period of several days for traditional payments of that kind.

The platforms piloting xRapid recognized that speed, he said, adding "they were like, 'Wow, this entire thing is happening in a matter of seconds all the way through,' and that's just not possible given the way the current legacy financial system works."

Sort:  

I think xrp have good future

I Think this finanical revolution makes new word and xrp is best platform to transfer money in banks

its good idea for XRP anD it coause high in price of this token 🙏🙏

Congratulations @imangwi! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of comments received

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @imangwi! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

Are you a DrugWars early adopter? Benvenuto in famiglia!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Congratulations @imangwi! You received a personal award!

Thank you for the witness votes you made to support your Steem community and for keeping the Steem blockchain decentralized

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

Use your witness votes and get the Community Badge
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.19
TRX 0.15
JST 0.029
BTC 63643.10
ETH 2582.85
USDT 1.00
SBD 2.75