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© Reuters. is launching a new version of its most popular product, xCurrent.
Positioned as a rival of SWIFT – the forty-five messaging network at the heart of the global payment infrastructure – xCurrent version 4.0 is more tightly integrated with Ripple's other major offer, xRapid.
xRapid uses XRP cryptocurrency to deliver 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 the destination countries.
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