TransferGo reveals 90% cost savings with Ripple, the Visa Crypto card platform adds XRP – The Daily Hodl


A couple of announcements on the adoption of Ripple and XRP are making waves. has officially added XRP to its wallet and card payment app. The company, formerly known as Monaco, is working to launch Visa credit and debit cards that will allow users to spend their encryption wherever Visa is accepted.

Meanwhile, at the Ripple & # 39; s Swell 2018 conference, the TransferGo payment company revealed significant savings on remittance costs, thanks in part to Ripple's blockchain-based payment solutions.

The CEO of TransferGo Daumantas Dvilinskas states that the company has lowered costs by up to 90% in some areas, drastically reducing transaction settlement times to less than 30 seconds. In addition, TransferGo is leveraging Ripple's xCurrent to increase transactions from Europe to India.

"We have just launched our first xCurrent transactions from anywhere in Europe in India through a partnership with the Access Bank, and Ripple helped us build and manage this relationship."

According to Dvilinskas, since the partnership with Access Bank, TransferGo has seen a 315% growth in the region in just one month.

In an effort to increase its user base from one million to 100 million, TransferGo has announced that it is making cross-border payments completely free for customers around the world.

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Disclaimer: the opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin or cryptocurrency. Your transfers and exchanges are at your risk. Any losses you could sustain are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.

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