Mercury FX performs first xRapid payment for clients Philippines honeymoon

06 Mar, 2019 | Updated: 06 Mar, 2019
by Ryan Boltman
Mercury FX performs first xRapid payment for clients Philippines honeymoon

Global currency specialist Mercury FX have performed their first commercial xRapid transaction to a customer in the Philippines this week.

In a recent tweet thread, Mercury FX announced that it had just made history by completing the first ever commercial payment using xRapid to the Philippines. 

Mercury FX touts itself as being a hassle-free and cost-effective alternative to banks for sending and receiving international currencies. The company offers better rates than bank, saving money for clients. 

Read more: 'xRapid is the future', says Alastair Constance, #XRParmy agrees!

Mercury FX recently completed an xRapid payment to a customer in the Philippines. The funds were used to pay for the clients honeymoon at the Edge Water Dive and Spa.

This is the first time a transaction like this has been sent to a customer for cross-border payments. While Ripple has seen plenty of institutions move funds and test xRapid for cross border payments, commercially this is the first.

Mercury FX CEO Alistair Constance recently said "xRapid is the future" and it appears the the company are taking great strides forward in implementing xRapid into their foreign exchange cross-border payment options. 

Read more: XRP for the banks: will the large ones ever use the Ripple token?

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