Blockchain start-up Ripple could launch a commercial application of its cryptocurrency-focused product “in the next month or so,” an executive at the company has told CNBC.
Sagar Sarbhai, head of regulatory relations for Asia-Pacific and the Middle East at Ripple, said Monday that the firm was making significant headway with its xRapid product, which is aimed at helping banks speed up transactions by using the cryptocurrency XRP.
“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production,” Sarbhai said of xRapid in an interview with CNBC’s Arjun Kharpal.
