Ripple's xRapid has finished testing

After a very long testing period, Ripple's xRapid appears to be ready for full release. This means that the platform will be available to any company that wants to explore this technology. Ripple tested xRapid together with MoneyGram, Western Union, SBI Virtual Currencies.

Now that xRapid is fully ready to launch, you can expect other companies to begin integrating the system soon, which in turn will lead to wider adoption of XRP and Ripple's technology.

Ripple said final testing will continue for another four months. At this time, final improvements and bug fixes will be carried out. According to DailyHodl, Corey Johnson, chief marketing strategist at Ripple, said:

“We have already seen several successful pilot launches of xRapid. This year we will complete the beta testing phase, and this will allow us to provide financial institutions with a convenient and secure payment system. Ripple and our partners have tested xRapid in international transfers around the world. One such test was conducted between the United States and Mexico. We believe xRapid's technology will save financial institutions 40% to 70% of what they would otherwise spend on currency exchange. This figure is between $12 and $21 billion per year.

This news is unlikely to cause a spike in the price of XRP, however, over time it could stimulate an increase in the trading volume of this asset.

xRapid is not an iPhone. And people won't crowd the doors of Ripple's headquarters on release day in order to be the first to have access to the miracle technology. However, if this software proves to be a viable product and an effective solution, more and more companies will want to use it.