The price of XRP has risen sharply today following news that Xrapid is on the verge of going live.
xRapid which is aimed at helping to significantly speed up money transactions by using XRP is set to launch within the next “month or so” according to Sagar Sarbha (Head of regulatory relations for Asia-Pacific and the Middle East at Ripple), during an interview with CNBC. Sarbhar stated:
We’ve been working on this product for the past two or three years and I am very confident that in the next month or so you will see some good news coming in where we launch the product live in production.
This will come as good news to XRP supporters who have seen the price of XRP drop drastically since January. It is still however yet to be seen whether large Banks will adopt XRP in order to facilitate cross-border settlement. The Ripple company seem confident that this will come in time. We await further news.
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