Future plans for Ripple’s XRP powered xRapid are currently being laid out by Catalyst Corporate Federal Credit Union.
The companies CEO, Kathy Garner says that the firm serves more than 1,400 member and client credit unions throughout the United States and aims to use the cross border payment solution to boost payments to Mexico.
“One of Catalyst Corporate’s largest endeavors in 2018 was forging a strategic partnership with Ripple, the leading enterprise blockchain provider for payments. Our goal is to send international payments to Mexico via Ripple’s blockchain solution. With this cooperative arrangement known as ‘Currentz’, secure cross-border money transfers can be completed within minutes.”
The COO of Catalyst, Brad Ganey has said that xRapid is giving companies a cost-effective way to ditch traditional wire services.
“The traditional international wire experience fails to meet today’s expectations from a price, speed and ease-of-use perspective. Blockchain technology, and specifically Ripple’s xRapid product, resolves all three of these challenges simultaneously.” Ganey continues saying, “Catalyst Corporate, through our subsidiary companies’ technology platforms, will leverage the XRP digital asset to transfer money across borders instantly on behalf of our 1400+ member credit unions. We have signed a production contract and are currently building out our plan.”
As of yet though, the company hasn’t announced when they are planning to launch.
Market analyst and author, Peter Brandt has given his thoughts on Ripple’s native token, XRP. The commodities trader says the digital asset is coiling up.
definitely coiling up pic.twitter.com/ixY4b6ysqx
As reported by the Daily Hodl, when Brandt says the term ‘coiling’ he means that there is a technical sign suggesting that a big move is in the headlights. Despite this, they can move both up and down.
Before the infamous Bitcoin and crypto crash that occurred last year, Brandt had famously predicted it to happen. In a tweet he posted last year, Brandt said to his followers that he isn’t a hater even though he posted a bearish statement.
General TA rule — violation of parabolic advance leads to 80%+ decline in value. If general rule is followed, BTC should retrace to <$4,000. Note: This Tweet does not make me a hater. pic.twitter.com/jDNI1osinU
Source: Read Full Article