Major payment services integrate Ripple XRP cryptocurrency by the end of the year
Three of the top five money transfer companies intend to integrate Ripple’s XRP cryptocurrency into their systems by the end of the year. The Californian startup wrote about this on Twitter, without specifying the names of the companies..
The tweet was posted shortly after XRP surpassed Ethereum in market cap, but the community continues to criticize Ripple for not directly leveraging the startup’s own token for its popular financial solutions..
In part, this criticism stems from the fact that Ripple’s xCurrent system, which does not use XRP, is used by over 100 financial companies, which misleads new investors..
To date, the only company that has announced that it will use XRP for international transfers is Mexican Cuallix. However, the latest tweet and comments from Ripple VP of product Ashish Birl suggest that this may change this year..
In addition, on Thursday, Ripple CEO Brad Garlinghouse, commenting on a New York Times article that questioned the practical value of XRP, wrote that banks and payment providers are already exploring the capabilities of the system that uses their token..
Describing xRapid, the technology that integrates XRP into xCurrent, Garlinghouse noted, “In recent months, I’ve been talking to real banks and payment providers. They’re really going to use xRapid. “.
Despite the significant strength that XRP has shown since December, it lost some of its positions this Friday after Coinbase CEO Brian Armstrong denied rumors that Ripple or some other cryptocurrency could be listed on the service in the near future..