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Ripple Could Launch xRapid Solution 'In the Next Month or So,' Says Exec | Cell Phone Spy and Mobile Tracking Software
A Ripple exec told CNBC that the company could launch a commercial version of its payment platform xRapid "in the next month of so." Ripple could launch a commercial version of its payment platform xRapid "in the next month or so," CNBC reported September 17. Head of regulatory relations for Asia-Pacific and the Middle East at Ripple Sagar Sarbhai told CNBC that Ripple has been making strides toward the launch of its product xRapid.The xRapid product is a real-time settlement platform designed to speed up international payments. Built for commercial use and backed by XRP tokens, xRapid addresses the issue of minimizing liquidity costs and making cross-border payment transactions faster. xRapid claims to significantly reduce the capital requirements for liquidity. Sarbhai said in an interview with CNBC:"I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production."Sarbhai also noted that regulators' approach to