Over the last few months, Ripple (XRP) has secured several important partnerships.
Euro Exim bank is one of the Ripple’s new partners. As reported yesterday, the bank will be the world’s first registered bank to use xRapid for cross-border payments. Speaking to Fortune in an interview, Ripple CEO Brad Garlinghouse said:
“This is consistent with Ripple’s vision of XRP as a fast and inexpensive source of liquidity for cross-border transactions. Instead of banks having to maintain foreign bank accounts, the idea is for them to buy XRP with dollars or euros and rely on local market makers to exchange XRP into local currencies.”
Even so, some of the Ripple’s new partners have said they won’t hold any XRP. Rather, they will use the coin to facilitate international payments.
The four companies that has secured partnership deals with Ripple are the following:
All of the companies above will be using Ripple’s technology for international payments. As of now, Ripple operates in over 40 countries across all continents.
Brad Garlinghouse also said:
“2019 is the year the wheat will be separated from the chaff. Not many months ago, the media was saying no one will use XRP, which made for good skeptical headlines, Today, you can’t say that as people are starting to use XRapid because it’s better, faster, and cheaper.”
Although we’re in a bear market now, all the upcoming regulations and partnerships will play a huge role in how blockchain will evolve in 2019.