Ripple Reveals New Clues on Future of XRP-Powered xRapid

September 26, 2019

A pair of job openings are shedding light on Ripple’s potential plans for the future of its XRP-based cross-border payment solution xRapid.

The company currently has an opening for a senior manager of business development in Singapore.

In the description, Ripple says it’s looking for someone who can find and build xRapid partnerships in Asia-Pacific countries: Thailand, Cambodia, Indonesia, Japan, Laos, Malaysia, the Philippines and Vietnam, among others.

The listing reveals plans for an extensive strategy to launch new xRapid corridors and ensure regulatory compliance.

A separate listing for a manager of business development suggests Ripple is also looking to launch xRapid in São Paulo, Brazil.

According to the opening, Ripple is looking for someone to “work with the product, account management and sales teams to help deliver volume and xRapid use cases for cross-border payments.”

Since launching xRapid in October of 2018, Ripple has officially opened two destination corridors: one in Mexico and the other in the Philippines.

At the Swiss National Bank conference in May, Ripple CEO Brad Garlinghouse discussed Ripple’s plans to expand its use of xRapid, hinting that the payments platform is up and running behind-the-scenes in both Argentina and Brazil.

“People are getting liquidity that exists in the marketplace in local regions between XRP and the Philippine peso, XRP and the Argentine peso, XRP and the Brazilian real. And it’s tapping into that liquidity that exists in the marketplace.”

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