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. In pilot tests we saw the benefits of xRapid, and we're excited to roll commercial payments out within the quarter," Alastair Constance, MercuryFX CEO and founder, said in a statement. Mercury FX CEO Alastair Constance said payments were set to roll out "within the quarter ".
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 ".