Cambridge Global Payments, a part of FLEETCOR Technologies and a big global provider of commercial payment solutions is launching a pilot program to use XRP coins in cross-border payment flows through xRapid solution. This is reported on the official Ripple website.
According to the publication, Cambridge currently has big audience - over 13,000 clients around the world and operates $20 billion in international transactions annually. Ripple says that XRP will provide their clients with a cross-border payments experience that is significantly faster, cheaper and more transparent.
We are excited for the insights this pilot program is expected to deliver, and we will use that information to help both Cambridge and FLEETCOR develop our use cases for blockchain in international payments.
Chief operating officer, Cambridge Global Payments
Cambridge joined five financial institutions who have announced that they are piloting xRapid, including:
- IDT Corporation,
- Mercury FX
- Western Union.