Money transfer firms Alastair Constance FX and Cuallix , and wholesale cooperative financial institution Ripple have become the first companies to sign up to Ripple 's cross border payments platform, xRapid . Brad Garlinghouse CEO Brad Garlinghouse did not reveal the volume of payments the Three firms will process but, when live, they will be among the first instances of a virtual currency used by financial institutions in a commercial product. Mercury FX CEO Alastair Constance said payments were set to roll out "within the quarter ".
Money transfer firms Mercury FX and Cuallix, and wholesale cooperative financial institution Catalyst have become the first companies to sign up to Ripple's cross border payments platform, xRapid. Ripple CEO Brad Garlinghouse did not reveal the volume of payments the three firms will process but, when live, they will be among the first instances of a virtual currency used by financial institutions in a commercial product. Mercury FX CEO Alastair Constance said payments were set to roll out "within the quarter".