Ripple has been striving to push its technology and mass utilization of the XRP in the crypto market. The recent XRP adaptation by companies similar to MoneyGram, an international money transfer company based in the United States, has led to the growth of XRP and Mexican Peso exchange volumes by twenty-five percent (25%) on Bitso, which is a Mexican Bitcoin exchange. Bitso and Bitstamp have recorded an abnormal spike in the exchange volume. Bitso allows financial institutions to trade Fiat money by using xRapid, which is a liquidity solution for banks; it uses the XRP token as a bridge currency.
