Birla was interviewed by the financial outlet The Banker and they made the interview as a collaboration with Deutsche Bank. The interview recently set the whole Twitter on fire.
xRapid adoption enhances
According to him, there’s a significant number of banks that are currently considering take a step towards crypto and using xRapid in order to process cross-border transactions.
“xRapid is seeing greater traction among payment providers, including Currencies Direct, Mercury FX and Viamericas, whereas the banks are not quite ready to take the plunge into the nascent cryptocurrency space.”
It seems that some banks are looking to switch to xRapid for the second phase of their projects.
We already know that Ripple developed their tech with scalability in mind.
“To deploy something for Standard Chartered, Santander or Bank of America, our solution needs to scale to hundreds of thousands of transactions per second – this was in the design from the outset,” Birla said.
Mr Birla reports that some banks using xCurrent are now looking to use xRapid for the second phase of their projects.https://t.co/rinVaPtHp4