Head of product lines in Ripple in a recent interview with Crypto Trader CNBC talked about applications XRP, including products and xCurrent xRapid.
On the question of why financial institutions might want to make transfers using XRP, Ashish Birla said that the total costs and volatility in this case will be much less compared to Fiat currencies.
We directly asked our customers what they think about volatility of XRP with transfers?
And overwhelmingly the answer was something like: “I prefer a few seconds of the volatility of XRP, the volatility of the Mexican peso pair for a period of several weeks or months. Because the volatility of XRP for a few seconds, compared to the volatility in local currency is very important. In any case, the transfer XRP takes seconds”.
In Ripple I believe that small financial institutions and startups will be able to make substantial savings through the use of xRapid for international transactions.