Altcoin News: Ripple Announces Record Inflow of Clients Amid Cryptocurrency Facebook Announcement

June 21, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Fintech CEO of Ripple, Brad Garlinghouse, expressed his gratitude to the head of the cryptocurrency project of the social network Facebook announced this week.

“I will send a box of champagne to David Marcus — the guy who runs the Libra. This week was probably the best number of Ripple contracts ever. The Facebook project has become a loud call to action. They embroidered and said that we no longer need Western Union,” he said at the Brainstorm Finance conference in San Francisco.

Commenting on the cooperation with MoneyGram, Garlinghaus called it evidence of the relevance of the solution for making xRapid cross-border money transfers based on XRP cryptocurrency.

“XRapid in its current form has been on the market for about eight months. We announced 10–15 customers who wanted to take advantage of the product. I consider it as worthy result, — added Garlinghaus. — I talked with the head of one of the largest banks in Canada. They refuse correspondent relations in Brazil. They are expensive to keep the Brazilian Reais. With xRapid they don’t have to pre-transfer money to a separate account. They will get rid of the costs and still be able to solve the problems of their customers in Brazil. “

Earlier it became known that Siam Commercial Bank (SCB), the largest commercial bank in Thailand, abandoned the idea of ​​using XRP in its operations, contrary to the previous statement.

Author: Marko Vidrih