Today Euro Exim Bank, a small bank based St. Lucia with an office in London as well, became the first to announce that it will endorse and use X-rapid starting sometime in Q1 of this year. This is a big step for XRP as no other bank had committed to the use of X-rapid. This is a small bank but it is important as it may serve as a trial case for larger banks that are taking a wait and see approach to this new technology. It will be helpful to Euro Exim Bank because it does a lot of cross-border payments and transactions and may be able to show the world why using X-rapid is superior to using the SWIFT GPI and the old Nostro/Vostro system. A lot of eyes will be following this deployment and we can all hope that it goes well.
