The company is the market leader in money transfer USA Viamericas uses the Ripple payment solution xRapid. International network Viamericas listed clients in a recent report of the Ripple requests for liquidity.
In the section of the report on successful cases of application xRapid said:
“Providers of payment solutions worldwide, such as Viamericas, Cuallix, IDT, MercuryFX and others use xRapid […] reduce the cost of providing liquidity and payment processing in real time — the main objectives of the industry.”
The report also provides data about the benefits of using xRapid that have already been published in may after a series of tests:
“Thanks xRapid cost reduction customers RippleNet for processing a single transaction has reached 70%, and the settlement of transfers began to take three to five seconds.”
Co-founder and CEO of Viamericas Paul Dwyer (Paul Dwyer) highly appreciated the position of the Ripple in the market and the capacity XRP:
“We believe that digital assets like XRP will have a significant impact on the development of cross-border payments, helping to safely eliminate the structural flaws of traditional payment infrastructure.”
xRapid is a complex payment solutions RippleNet. Unlike xCurrent, xRapid provides a double conversion using tokens XRP for fast settlement of payments.
Viamericas previously reported on the tests RippleNet, however, about the full transition to this technology only became known from the report. The names of the other large financial institutions that also use xRapid, Ripple CEO brad Garlinghouse (Brad Garlinghouse) announced during the last conference Swell.