Ripple Executive Confirms 10 Financial Institutions Are Actively Using XRP

Marjan Delattine has confirmed that 10 partnered with Ripple are using the digital asset via Ripple’s xRapid liquidity solution for cross-border payments.

While 10 financial institutions using XRP is a far cry from the 200+ financial institutions partnered with RippleNet and using xCurrent to facilitate cross-border transactions, it’s certainly a step in the right direction. Moreover, Delattine notes that these 10 partners are actively using XRP and the volume is increasing every day.

Delattine announced this accomplishment during a panel at the Paris Blockchain week summit running from April 16–17.

Furthermore, the image below shows a comparison between the potential xRapid flow volume from December 2018 to April 2019.

As seen in the data, the xRapid volume increased substantially in December 2018, had a significant decrease in January 2019, and has shown steady growth since.

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