World Bank approves X-rapid as Quick Funds Transfer Agent.

The World Bank today approved X-rapid for use in this Quick Funds Transfer program. Since the World Bank is well known, this is a large symbolic victory for Ripple. Although the actual transaction volume for the World Bank is not huge, it may pull a lot of small FI’s into Ripple and X-rapid’s fold just by its brand name. It may also help speed up regulations in various countries.

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