Ripple update: Question about XRapid use
My understanding of XRapid is that it uses XRP to bridge Fiat between Banks across the globe almost instantlly Brad Garlinghouse stated that 1 bank will be using XRP by the end of the year. If only 1 bank is using it, how does this work when there is only 1 bank using XRapid and the rest using Swift still.
Example
Bank 1 that uses XRapid wants to send to Bank 2 that uses swift.
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Author: dj_joeev
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