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In an article recently published by Coindesk, it emerged that Ripple launched the latest version of its xCurrent product, version 4.0. This release provides for the deeper integration of xRapid, the on-demand liquidity platform. So far, however, not many choose xRapid integration.
The premise of xCurrent is to rival the SWIFT legacy system for fast and cheap cross-border payments. The integration of xRapid is the access to a large pool of XRP liquidity that uses several important exchanges. Asheesh Birla, SVP of Ripple of the product, is mentioned in the article:
"What this release allows you to do is that in the countries where you think it's appropriate and available xRapid, using your xCurrent software, you can now take advantage of on-demand liquidity using xRapid."
While this is a promising system, it seems that most customers choose to use xCurrent with fiat liquidity so far. Explains a customer spokesman Banco Santander, saying that the bank "uses only xCurrent, not xRapid or XRP." And the bank has not updated until now … Santander does not need to update today to offer everyone the advantages of One Pay FX. "
While adoption and integration have been a bit slow, Ripple relies on the idea that this will replace SWIFT and will be the global payment system of the future. Will this pay? Attack with Chepicap for all updates!
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