Payments company Ripple revealed on January 8th, 2019 that it is has surpassed 200 customers worldwide. This is a major win for the company as it continues to grow and make progress with partnerships and adoption of its services. Ripple stated that 13 new financial institutions have signed up for RippleNet, the company’s payment network – Euro Exim Bank, SendFriend, JNFX, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual/USEND and Rendimento.
Of the 13 customers announced 5 of them will leverage Ripple’s xRapid, a service that utilizes the digital asset XRP. xRapid went live on October 1st, 2018 with 3 financial institutions using the service – Mercury FX, Cuallix and Catalyst Federal Credit Union. This brings the total Financial Instituions live and slated to go live on xRapid to 8. Here is a breakdown:
1) Catalyst Federal Credit Union – US – Live
2) Cuallix – MX – Live
3) Mercury FX – EUR – Live
4) Send Friend- US – Go live in Q1 2019
5) JNFX – UK – Will go live sometime in 2019
6) TransferPayGo – Austria – Will go live sometime in 2019
7) FTCS – Sweden – Will go live sometime in 2019
8) Euro Exim Bank – UK – Will go live sometime in 2019
SendFriend’s CEO David Lighton confirmed in the following video that they would go live in Q1 2019.
Here is a recent Tweet from SendFriend about utilizing Ripple’s disruptive technology.
This all aligns with Ripple’s CEO Brad Garlinghouse’s statement in early 2018 that dozens of banks will use XRP in 2019. The future is bright for both XRP and Ripple and we expect to hear of more Financial Institutions utilizing XRP via the xRapid protocol this year.