Ripple adds another financial institution to its ever-growing list using its technology

  • The UK-based companies, Currencies Direct, are the latest to join the growing list of Ripple institutions that use its technology.
  • XRP / USD flirting with the big $ 0.3000 in late trading on Tuesday, the price remains vulnerable for now.

Currencies Direct Ltd, a UK-based foreign currency broker and international payment service provider, is another organization that uses Ripple technology. They are ready to open a new cross-border remittance corridor in real time to India, taking advantage of Ripple's current xCurrent.

The use of xCurrent allows banks and financial institutions to exchange messages, which would be in real time, to confirm the details of the payment. This comes before a transaction begins, and then confirms delivery once resolved.

Currencies Direct CIO said: "Our partnership with Ripple illustrates the future of international payments and the way technology can dramatically improve the customer experience – when you think about the vast amounts of money being transferred around the world and in India in particular, it is right for customers to be able to check the status of their funds at every stage ".

In the last stages of Tuesday's trading, XRP / USD was seen nursing losses of just over 1%, flirting with $ 0.3000 at the time of writing.

Look at the last one technical analysis reported before.

Daily XRP / USD chart

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