Ripple Is Making It Easier for Customers to Integrate XRP. They Aren’t Yet
Ripple is rolling out a new version of its most popular product, xCurrent.
Positioned as a rival to SWIFT – the 45-year-old messaging network at the center of the global payments infrastructure – version 4.0 of xCurrent is being more closely integrated with Ripple’s other major offering, xRapid.
xRapid uses the cryptocurrency XRP to provide what the company calls “on-demand liquidity” in cross-border transactions: the ability to use XRP as a bridge currency in the middle of a cross-border payment corridor, which Ripple says eliminates payment processors’ need to pre-fund bank accounts in destination countries.