Labor and fleet payments provider Fleetcor Technologies has announced that Ripple’s (XRP) xRapid product is in the final stages of testing.
Ripple spokesperson, financial advisors in New York City, which Fleetcor acquired last year Cambridge Global He stated that Payments will also be a part of the partnership. Cambridge has been using xCurrent, a startup project since 2017.
A month ago, Ripple signed an agreement after telecom provider IDT and payment provider Mercury tested xRapid. Similarly, MoneyGram has started trials of the same product to test its speed and efficiency for international payments.
Fleetcor Technologies has become one of many companies to use Ripple technology
Today, companies offer various types of transactions to facilitate transactions.
Mexican financial services company Cuallix has been using XRP as an alternative since last year, and in a recent blog post, the liquidity provided by xRapid allows payments between the US and its southern neighbor to be faster. Various other companies have also signed deals with Ripple in recent months to facilitate international transactions. However, these companies made an agreement not for the use of XRP, but for the use of Blockchain infrastructure. Dubai-based UAE Exchange, China-based LianLian and the UK branch of Santander Bank are just a few of the few companies that signed an agreement last month to use xCurrent. They announced that they wanted to reduce the requirement.
Coindesk