Ripple’s new xCurrent version will make the switch to xRapid and XRP even easier

2018-11-26 16:51

San Francisco-based Ripple is a frontrunner in the development of blockchain-based solutions for cross-border payments and settlements. Major products on the RippleNet are the xCurrent and xRapid.

An updated version of one of Ripple’s most popular products, xCurrent is being released by the firm. Both implementations are set out to rival SWIFT, the incumbent solution for international bank transfers.

SWIFT was set up by and for its users to support international finance and commerce. By the time SWIFT went live in 1977, 518 institutions from 22 countries were connected to SWIFT’s messaging services. The majority of international interbank messages use the SWIFT network. As of 2015, SWIFT linked more than 11,000 financial institutions in more than 200 countries and territories, who were exchanging an average of over 15 million messages per day (compared to an average of 2.4 million daily messages in 1995).

Whilst describing the fourth version of xCurrent, Asheesh Birla, Ripple’s SVP of Product spoke to CoinDesk and said:

“What this release enables you to do is that in countries where you think it’s appropriate and xRapid’s available, using your xCurrent software, you can now plug into on-demand liquidity using xRapid.”

Ripple is indeed moving along the path they mapped out earlier, the gist of which is: onboard customers to xCurrent and make the switch to xRapid as easy and as attractive as possible.

xCurrent is Ripple’s enterprise software solution that enables banks to instantly settle cross-border payments with end-to-end tracking. Using xCurrent, banks message each other in real-time to confirm payment details prior to initiating the transaction and to confirm delivery once it settles. It includes a Rulebook developed in partnership with the RippleNet Committee that ensures operational consistency and legal clarity for every transaction.

As for the Ripple banking partners, most of them use xCurrent and not xRapid (the solution that uses XRP tokens for faster and cheaper transfers). A spokesperson for BBVA (Banco Bilbao Vizcaya Argentaria) stated that the bank had tested a Ripple product last year but didn’t say which one or provide an update on the matter.

A corporate communications manager at Santander Bank said:

“[the bank] uses xCurrent only, not xRapid or XRP. And the bank has not upgraded so far. Santander does not need nowadays that upgrade to deliver all the benefits of One Pay FX.”

 

The post Ripple’s new xCurrent version will make the switch to xRapid and XRP even easier appeared first on CaptainAltcoin.

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ripple xcurrent xrapid version easier products even

Источник: captainaltcoin.com

ripple xcurrent → Результатов: 48


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Технический директор Ripple пояснил причину работы с xCurrent до перехода на ODL

Дэвид Шварц, технический директор Ripple, пояснил причину работы с xCurrent до перехода на ODL. В новом твите Дэвид Шварц, технический директор Ripple, объяснил, почему Ripple решил работать с xCurrent, прежде чем перейти к решению по ликвидности по требованию (ODL). По...

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Ripple xCurrent является улучшенной версией SWIFT

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SBI Holdings запустит приложение MoneyTap на базе Ripple

Японский финансовый гигант SBI Holdings собирается уже в этом году запустить платежное приложение MoneyTap для мобильных операционных систем Android and iOS, сообщает CCN. Основной особенностью нового приложения является то, что в его основе будет лежать технология Ripple (однако неизвестно, будет ли это решение xCurrent или же xRapid, использующее токен XRP). Для отправки транзакции через MoneyTap […]

2018-9-18 17:57


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American Express и Western Union тестируют xCurrent и XRapid

Американские финансовые компании American Express и Western Union принимают участие в тестировании решений xCurrent и XRapid, разработанных блокчейн-стартапом Ripple. Об этом рассказал технический директор Ripple Стефан Томас (Stefan Thomas).

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Ripple’s Much-Anticipated ‘Convergence’ Set to Tie in xRapid and xCurrent Using xVia

Ripple’s ‘Convergence’ to Bring xRapid and xCurrent Together using xVia? Ripple users, like any of those that firmly support any kind of cryptocurrency, have been in an extensive discussion regarding why the majority of Ripple's existing partners are using its xCurrent product as opposed to others, such as the xRapid? That's a bit of a […]

2018-8-19 06:05


Ripple объединит xCurrent и xRapid в одну систему xVia?

Энтузиасты XRP часто раздумывают над тем фактом, что большинство партнеров Ripple используют xCurrent, а не xRapid. Есть лишь несколько финансовых учреждений, использующих xRapid, с большинством экспериментальных испытаний технологии, но это также связано с тем, что продукт все еще находится в стадии бета-тестирования и до сих пор не готов на 100%.

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The enigma of the Chinese economy is hard to miss. From top tech firms to the most promising blockchain and cryptocurrency start-ups, entry to the Chinese market is a huge strategic step. Ripple, the company behind the xCurrent and xRapid payment platforms and the cryptocurrency XRP, is eyeing this market and hoping to bring its blockchain-based […] China, Ripple’s Number One Priority was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-8-17 16:15


American Express официально использует xCurrent от Ripple

Вице-президент American Express Колин О'Флаэрти в среду подтвердил, что компания официально использует xCurrent - финансовую технологию блокчейн от Ripple. Об этом О'Флаэрти заявил в последний день мероприятия The Money 20/20, проходившего с 4 по 6 июня в Амстердаме.

2018-8-15 10:54


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