The two companies will use xRapid to settle retail remittances and corporate transactions. Both companies join MoneyGram and Cuallix, who will use XRP in their payment flows, to enable on-demand liquidity for global payments.
MercuryFX’s aim is to help payments move in a real-time mode, providing a transparent customer experience. IDT facilitates money transfers online between people and seeks to make sure that their clients can send inexpensive global payments.
Ripple has also added that both companies would use their product of XRapid. The product of XRapid uses XRP as currency to make payments. These are good news to all who are investing in XRP.
“Payment providers like IDT Corporation and MercuryFX are early movers because they understand what XRP can do for their business and customer experience. We’re excited to have them at the forefront of the Internet of Value.”
– commented Ripple’s CEO Brad Garlinghouse.