It seems that customers who use the Ripple product may be able to easily switch to the xRapid product, which is one of the most promising and company products. using XRP like virtual currency to process cross-border transactions that would allow companies to reduce costs and time.
According to a new document released known as What & # 39; s New with xCurrent 4.0 shows new updates for the xCurrent product. Some of the enhanced features are a new user interface, mass bulk purchases, zero downtime and greater interoperability with other products.
There are several Ripple banks and customers who are working with the xCurrent product to process payments. Some of the colossus settlements using these products are American Express, MoneyGram and Western Union. Some of the banks that work with Ripple are Credit Agricole, Bank of America, Santander, SBI Group and many others.
At the same time, if there is a clearer regulatory position towards XRP, could improve its position in the cryptocurrency market. At the moment, there are over 150 different members who use Ripple's network of banks.
Another feature that could be included in the next version of xCurrent is multi-hop payment technology. This would improve the source of liquidity using XRP without having one-to-one relationships with those that work with the xRapid product. This is very important for the XRP community because they will have more capital moving across the network.
Cpple Johnson, Ripple's Chief Market Strategist, said:
"I expect our launch to be … most will be xCurrent, some xRapid, and even less xVia. Over time this may change, but initially, the older stuff gets the maximum traction, because customers have had the chance to look at it longer and get used to the idea more quickly. "
This shows that xCurrent users will have the opportunity to work with xRapid to find cash easily. Financial institutions would be able to free up capital that is held in our and your accounts using XRP to get liquidity at all times.
The XRP cryptocurrency recorded an interesting growth a few hours ago. According to CoinMarketCap, the XRP price has risen by over 4% from $ 0.503 to $ 0.524. At the same time, other virtual currencies were losing some of their value, like Stellar Lumens (XLM), which lost 2.8% of its price in the last 24 hours.
RossMacFirdeen, a member of the XRP community, has written on Twitter a new API that supports real-time price monitoring of XRP. Some of the exchanges that will enable this API are Binance, Bitbank, Bitfinex, OKEx, ZB and Bithumb, among others.
🔔🔔🔔 Hello #XrpCommunity !
As of now, 8 exchanges have been implemented #XrpCommunityAPI :
– RossMacFirdeen – XRP (@RossMacFirdeen) 11 November 2018
These new implementations and releases are helping the entire network improve and become even more useful. At the time of writing, XRP has a market capitalization of almost $ 21 billion. XRP is also one of the main virtual currencies, being in third place by market capitalization after Bitcoin (BTC) and Ethereum (ETH).
The pilot results of the xRapid product also show the potential for this technology and the service provided by Ripple. The banks saw an increase in transaction speeds with a reduction of between 40% and 70% of the commissions paid.