In the last days, one of the most important fundamental developments in the ripple (XRP) was the launch of the xCurrent update. The version is 4.0. It will integrate xCurrent with xRapid. As a result, not only will customers be able to initiate cross-border payments but they will be able to better manage their liquidity. For some clients, version 4.0 of xCurrent has already been rolled out in advance. However, for the rest of the clients, the update happened quite recently. The question is whether this integration will actually increase the Ripple token request (XRP) or not.
Does the integration of xCurrent with xRapid increase the demand for Ripple token (XRP)?
If you look at the main purpose of launching xCurrent by ripple (XRP), it was necessary for more people, as well as clients, to use XRP tokens to initiate cross-border payments and maintain liquidity. The xRapid system was already used by banks and financial institutions. However, most banks and financial institutions have actually used the Fiat currency to manage liquidity. They did not use XRP tokens. That's why, it was anticipated that after the launch of xCurrent, the volume of XRP tokens used on a daily basis will increase significantly. This, however, has never happened so far.
Many people think that with the relative stability and rapid recovery of XRP tokens, this happens in the future. However, the question that remains is whether current integration can actually help XRP token holders to experience any kind of appreciation. While hope is certainly that, but there are some other features in the newer versions of xCurrent like multihop and bulk FX that can certainly increase the XRP token request. It remains to be seen how soon, these are integrated by the various customers of Ripple (XRP).
The mass features of FX are specifically designed to conduct Forex transactions in a shorter period of time and paying lower commissions. It will be interesting to see if the Forex industry, as well as banks and financial institutions, use this protocol in the latest version of xCurrent in the future or not.
While this may be a long-term positive, but in the short run, it may not result in an increase in demand for ripple tokens (XRPs).