Ripple’s xRapid Solution to be Launched Within ‘Month or So’

Commercial version of Ripple's payment platform xRapid could launched "in the next month or so," Head of regulatory relations for Asia-Pacific and the Middle East at Ripple Sagar Sarbhai told CNBC on Monday, September 17. Backed by XRP token, xRapid is a real-time settlement platform designed for payment providers and other financial institutions who want to minimize liquidity costs and makecross-border payment transactions faster while improving their customer experience. "I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production," said Sagar Sarbhai. Ripple's executive added that more than 120 banks and financial institutions are currently partnered with the company, using its blockchain-based product xCurrent. Sarbhai also noted that regulators' approach to cryptocurrencies has been significantly changing from the narrative of "blockchain good, crypto bad," to taking a more tempered approach toward