Ripple’s fans and the XRP Army will definitely rejoice after reading this latest piece of news.
Ripple is set to revolutionize cross-border payments and its hard efforts are recognized.
The San Francisco-based company seems to be among the most innovative startups.
Ripple has just been honored by Fast Company’s World Changing Ideas Awards for “helping to improve reliability and lower the cost of remittances in the developing world”, the company’s recent announcement reveals.
Before this, Ripple was named one of the best employers in the San Francisco Bay Area.
xRapid, honored along with 16 nominees
Ripple’s xRapid has been honored together with 16 other nominees in the “Developing World Technology” category.
This is a category which places emphasis on entities targeting the developing markets with their disruptive technologies, as reported by UToday.
Ripple Labs revealed the much-awaited product xRapid which is powered by XRP back in October 2018 and after the launch, XRP surged to the second spot on CoinMarketCap.
xCurrent is the previous-generation product of Ripple that has been adopted by over 120 banks.
xRapid allows banks and payment processors to convert fiat straight into XRP in order to perform cross-border transactions instantly, safely and with small fees.