Share this article
Two More Companies Sign On to Test Ripple's XRP in xRapid Pilots
IDT Corporation and Mercury FX announced Wednesday that they would pilot Ripple's XRP token to facilitate real-time, low-cost international transfers.
By Nikhilesh De
Updated Sep 13, 2021, 7:28 a.m. Published Jan 24, 2018, 5:00 p.m.
Telecom provider IDT and international payments service group Mercury have announced that they will pilot Ripple's xRapid for money transfers.
The two companies become the latest to sign onto the product, which uses the firm's XRP token, following news that remittance major MoneyGram was testing it for internal processes. Ripple had previously announced last October that Cuallix, a Mexican financial services firm, was using XRP.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
As indicated in statements, the aim is to improve the speed of payments to a point at which they are occurring in real time. In tandem with that goal, the companies are looking to the tech as a way to drop the overall cost of transacting.
Alfredo O’Hagan, SVP of IDT’s consumer payments business, said in a statement:
"We're excited to pilot Ripple's xRapid solution for on-demand liquidity. We expect that xRapid will enable us to settle more transactions in real-time and at a lower cost."
"Payment providers like IDT Corporation and MercuryFX are early movers because they understand what XRP can do for their business and customer experience," Ripple CEO Brad Garlinghouse said of the announcement. "We're excited to have them at the forefront of the Internet of Value."
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Ripple.
Digital payment image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Farcaster Switches to Wallet-First Strategy to Grow Its Social App
The protocol still consists of casts, follows, reactions, identities and wallets, and third-party clients are free to emphasize whichever components they want.
What to know:
- Farcaster is shifting its focus from social media to its in-app wallet and trading features to drive user engagement.
- Cofounder Dan Romero acknowledged the lack of sustainable growth in their social-first strategy over the past 4.5 years.
- The wallet's trading tools have shown the strongest product-market fit, leading to a strategic pivot towards financial use cases.
Top Stories
