Ripple plans to launch a new cryptocurrency product soon

News / September 19, 2018 / Comments: 0

Ripple has developed an innovative product xRapid. Its main function is to accelerate international transactions using XPR coins as an intermediary currency. That is, a currency for transferring will be, first, converted into XPR tokens and then transferred overseas. Finally, XPR tokens will be converted into a local currency of a receiving country. Transactions processing scheme underlying xRapid product is supposed to greatly simplify and speed up cross-border transfers.  Ripple expects their cryptocurrency to become widespread till the end of the next year.  Read more

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