Ripple update: Is xCurrent a blockchain solution?
Something I’ve always wondered: does xCurrent use blockchain? I’ve come across different point of views on this and would love a bit of clarity. I know that it’s not necessarily significant but would love a clear answer. I used to think no, but I recently watched a video with Stefan Thomas (linked below) where he said it creates an ‘ephemeral ledger’ that is used for the duration of the transaction. Would love if someone could explain to me the process of xCurrent, why it’s desirable to companies and why it’s better than SWIFT.
[https://youtu.be/Xkpx0IdEbBU?t=5m50s](https://youtu.be/Xkpx0IdEbBU?t=5m50s) EDIT: more accurate youtube timestamp
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Author: dorminan
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