Home Cryptocurrency Alastair Constance On Xrapid Ripple & Xrp For Powered Payments Transfer

Alastair Constance On Xrapid Ripple & Xrp For Powered Payments Transfer

Alastair Constance CEO of Mercury FX, partner of the blockchain tech oriented company Ripple stated

“We have plans for the Middle East. We have plans for Canada, imminently. But I think the really exciting thing that xRapid and Ripple brings is it actually brings access to new markets that perhaps aren’t actually accessible now…

It’s two countries today. It could be 10 before the middle of the year. And what stops it from being any more than that?”

“I think from a customer point of view, you almost don’t want to show them too much of the technology or explain too much of why it’s working as it is. I don’t understand how a car works, but if it parks for me that would be even better. And I think it’s the same kind of thing. But what they are seeing is payments arriving in one-hundredth of the time and they’re paying a lot less, if anything, for it. And I think that’s the key.

Alastair Constance – CEO of Mercury FX, associate of the blockchain tech orientated organisation Ripple, stated out that the company is setting plans in-movement to energy bills quicker using XRP‘s xRapid platform from UK to the Middle East and Canada.

So when you’re looking at high volume payments for companies involved in import/export or remittances or whatever the case may be, when you start to look at the economics of how they stack in favor of a Ripple payment over xRapid, perhaps over Swift, the numbers are actually quite eye-watering.”

Graham Bright, advised the target audience on the Ripple Regional event in London stated why they selected xRapid.

So why did we choose xRapid?

We need our clients to be able to pay us in their local currency. It is very difficult for them to get a hold of dollars in some of the jurisdictions which we operate. So we need to make it easy to move funds as easily…and cost effectively as possible.