The San Francisco-based blockchain company Ripple wants to increase their presence in the world. According to the SVP of product at the firm Asheesh Birla, Ripple is working on expanding their XRP-powered cross-border payment product xRapid.

Birla touched on many topics in an ask-ask-me anything session on YouTube. He talked about the company’s strategies and plans for its native currency XRP as well as xRapid. Here is what he said:

“On-demand liquidity is available today in Mexico and the Philippines. So far, the positive responses from our customers in those two countries has been overwhelming. But we are working on the next set of destinations, which we will be announcing in hopefully short order here.

I know our product teams, and marketing and engineering teams are working hard to light up those next set of destinations so that we can provide our customers with increased choice in terms of global expansion.”

The advantages of using xRapid are numerous. Apart from efficiency and lightning speed, the cost aspects…

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Source: https://thebitcoinnews.com/ripple-is-planning-to-expand-its-xrp-powered-xrapid/