Now, Ripple’s CEO Brad Garlinghouse said that the San Francisco-based company’s product xRapid is up and running in Brazil and Argentina as well.
Garlinghouse has a history of being the first one to announce important developments at Ripple, according to the Daily Hodl.
He just revealed that there are some brand new corridors as a response to a question on xRapid at the Swiss National Bank’s recent conference on the international monetary system.
“People are getting liquidity that exists in the marketplace in local regions between XRP and the Philippine peso, XRP and the Argentine peso, XRP and the Brazilian real. And it’s tapping into that liquidity that exists in the marketplace,” Garlinghouse said.