Yesterday Ripple announced that xRapid payment system has been launched and already three financial institutions are using their services. XRapid will be deployed by Catalyst Corporate Federal Credit Union, Cuallix and Mercury FX. Mercury FX and Cuallix are payment providers, and Catalyst Corporate Federal Credit Union is a financial institution serving co-financing institutions in the US. Cuallix focuses on facilitating remittances between the US and Mexico. Both Cuallix and Mercury FX participated in the pilot phase of the xRapid release earlier this year.