An article surfaced on financemagnates.com that featured Currencies Direct, a UK-based foreign exchange broker, who just recently conducted a test-run of xRapid via the Ripple Network. It seems that Ripple’s start is shining bright as just recently a Kuwait based bank has been also looking to use their network for international transfers as reported by us.

The trial has been conducted by Currencies Direct and one of their pre-specified international partners with the help of xRapid. The technology offered by Ripple is a low-cost liquidity providing payment sollution for financial institutions who wat to minimize expenses while providing top notch customer experience. Underlying technology is being provided by XRP, the Digital Asset of the Ripple network.

According to the original article Currencies Direct’s Chief Product Officer, Brian Harris, had the following to say after conducting the test run:

“Our trial with XRP was a resounding success. We’re currently assessing our next steps, but the evidence we’ve gathered indicates that the use of XRP is a game changer, making payments near-immediate and significantly improving service to our customers” he also added “Our goal is to offer the best possible service. We believe that utilizing cryptocurrencies in this way – as a transfer of value, rather than as a store of value – is the next logical step for our industry. It is, after all, the intended purpose of cryptocurrencies and we’re proud to be leveraging new technology to deliver the most convenient and seamless experience for our customers.”