Over the years, Ripple has dedicated much of its efforts towards serving the various banks around the globe with blockchain software. It was on Wednesday when it proceeded to make an announcement disclosing that a telecom provider and a currency exchange firm were the next in line to be using the XRP.

It goes without saying that indeed money transfer operations can get rather complicated at times but this time around they will be receiving a major boost. By leveraging on Ripple’s highly volatile currency they will be able to tell the difference between the way they earlier moved about issues and the new mechanisms.

MercuryFX and the Integrated Device Technology Inc (NASDAQ:IDTI) are the two firms in this particular case. For a number if years MercuryFX has achieved immense success in line with being able to deliver discount rates on the wide range of the foreign exchange transactions. On the other hand IDT Corporation has been paying major focus in the provision of payment services and has also been doing pretty well.

Ripple has moved ahead to state that these two firms will be taking full advantage of its XRapid product which fundamentally relies on XRP as its bridge currency and thus it gets a lot much easier to settle the various global money transfers.

A person familiar with the most recent developments opined, “The addition of new XRapid customers is critical for Ripple, which has long been making the case that its XRP currency can provide useful liquidity in the global money system, and is not simply the object of speculation.”

In numerous instances the CEO Brad Garlinghouse has been spotted launching arguments in line with the volatility that comes into play with the currencies.

It is beyond any reasonable cloud of doubt that indeed XRP is faster and also more efficient when brought into close relation to bitcoin or any other digital asset. Market experts say that it settles in a matter of just three seconds. Payment providers like Mercury and IDT Corporation happen to be some of the earliest movers. They have a much better understanding of the impact associated with XRP to their business and the customer experience as well.