Ripple update: xCurrent is instant settlement
I’m writing this post because I have noticed a lot of confusion in regards to xRapid vs xCurrent. Today I have read in some comments where it is said the xRapid is the only way for a transaction to settle instantly. That is not the case, xRapid is a way to source low cost liquidity, eliminating the need for Nostro/Vostro accounts.
xCurrent settles instantly
“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.”
Please watch the video attached.
I was getting downvotes when I brought this up and I was getting comments reinforcing the notion of xCurrent not being instant settlement. It’s important we understand the products and if I am mistaken please enlighten me
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.
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