Categories: NewsRippleXRP

Ripple’s Client Mercury FX Utilizes XRP and Displays Real World Use Case

Ripple is breaking all sorts of traditional financial trends. In recent news, Mercury FX which is a UK based company has made their most substantial payment from the UK to Mexico using XRP. The amount was valued at £3,521.67 which in US dollar terms is equal to around $4552.

 

The transfer helped a UK based company called Mustard Foods saves  £79.17 and 31 hours on the transaction. Hence proving that Ripple helps companies reduce losses and gain in profits, with a saving of time which can lead to improved businesses and relationships.

Mustard Foods, is a food production company that supplies food over 500 restaurants in the UK and Europe. Hence such transactions through Ripple make their business more competitive in today’s world which as a result will help them grow monetarily and support customer’s gain more confidence in the company. The transaction was made for ingredients from Mexico, thus assisting in getting the ingredients faster and gaining a competitive edge over other ingredient suppliers.

Mercury FX as per their website is a global currency specialist which offers low transactions fees, for cross border transactions. Hence it is safe to say, it is not just talking the talk, but walking the talk with Ripple’s technology.

 

Blockmanity’s Take

You may think that the amount sent was low, however as confidence picks up amongst businesses to use Ripple you will notice higher amounts being sent daily.

XRP at the time of writing is still sitting comfortably in the second position, with a value in the green at $0.327270  and a market capitalization of $13,431,306,711.

Also Read:


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Amrit Mirchandani

Blockchain Lover | Hustler | Cryptocurrency Enthusiast

Share
Published by
Amrit Mirchandani

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

1 month ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

2 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

3 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

3 months ago