What is XRapid and how does it work?

XRapid is a liquidity solution for banks that uses Ripple’s XRP as a bridge currency and is being developed by the company Ripple. According to Ripple, XRapid eliminates delays in global payments while also dramatically lowering their cost, thus making cross-boarder payments instant and inexpensive. [1][2][3]

What is xpid and how does it work?

It eliminates delays in global payments while also dramatically lowering cost. xRapid leverages the technology behind the digital asset XRP, to make cross-border payments truly instant. Aggregated results from several pilots for xRapid are now available.

How long does it take to make an XRapid payment?

An average xRapid payment took just over two minutes, compared to today’s average of two to three days when sending cross-border payments.