Verified
4 months ago
0

A blockchain-related startup Ripple has announced a partnership with three crypto exchange – American Bittrex, Mexican Bitso and Philippine Coins.Ph, which will use the product for xRapid cross-border payments.

xRapid allows various organizations to quickly convert the currency into XRP tokens for making transfers to other jurisdictions with subsequent reverse conversion to fiat.

According to chief strategist of Ripple markets Corey Johnson, the exchanges were chosen because of the volume of XRP in the accounts, due to which customers should not lack liquidity.