Cambridge Global Payments — a subsidiary of FLEETCOR Technologies and a leading global provider of commercial payment solutions — is launching a pilot program to use XRP in cross-border payment flows through xRapid.
For example, XRP will provide their customers with a much better payments experience - easier to do, faster and less to pay . There is more than 13,000 Cambridge customers and it is expected to get $20 billion in worldwide transactions per year.
Also,Cambridge joins five noteworthy monetary organizations who have openly reported that they are steering xRapid, including Cuallix, MoneyGram, IDT Corporation, Mercury FX and Western Union.
Great thing is that Ripple’s enterprise software for messaging and international transaction settlement currently utilized by over 100 financial institutions!
Cambridge proprietary payment networks r in North America, Latin America, Europe and Australasia.
Workforce and fleet payments provider Fleetcor Technologies has become the latest to trial Ripple's xRapid product, which utilizes XRP.
Meanwhile, telecom provider IDT and payments provider Mercury signed on to pilot xRapid.
MoneyGram also revealed it was piloting the same product to test its speed and efficiency for international payments.
It is obvious that after this some companies must use pre-funded bank accounts in various countries in order to facilitate transactions. Cuallix, a Mexican financial services company, has been using XRP as an alternative since last year, and announce that the liquidity provided by xRapid helps it process direct payments between the U.S. and its Mexican neighbor both quickly and cheaply.
Abu Dhabi-based UAE Exchange, China-based LianLian and the UK arm of Santander Bank have all signed on to use xCurrent, using its blockchain technology stacks.
So, it is not impossible for XRP to reach 2$ price in next 12 months.
