

What is XRP
xCurrent
xCurrent is an enterprise solution for cross-border payments, connecting banks and financial institutions on RippleNet without using XRP. The design fits within the bank’s existing internal infrastructure as well as to comply with each bank’s risk, privacy, and compliance requirements. xCurrent provides four distinctive features to allow fast, low cost, and real-time payment:- Messenger: Allows banks to exchange KYC and risk information, fees, FX rates, payment details, and expected time of funds delivery. This feature enables visibility and transparency of information between banks. As as result, this will reduce the time needed for due diligence and minimize transaction risks.
- ILP Ledger: The ILP Ledger is a subledger of each transacting bank’s general ledger. It allows instant transactions by tracking the credits, debits and liquidity across the transacting parties.
- FX Ticker: Provides real-time exchange rates between currency pairs for transactions.
- Validator: Coordinates the movement of funds across the ledgers of transacting parties using cryptographic proof. By being the single source of truth confirming the success or failure of a payment, it eliminates risk and delays in settlements due to miscommunication.

xRapid
Transactions between banks could take a long time if the two banks do not have a direct relationship, in this case, intermediary banks would charge an additional fee on the transaction. xRapid targets to reduce the liquidity costs of payments between emerging markets with the use of XRP as an intermediary. When we initiate a payment through xRapid, the funds convert automatically from the remitter’s local currency to XRP. The XRP will then be sent to the beneficiary’s bank and convert back into the beneficiary’s local currency. 

Newsletter


Grayscale Added 2,000 Bitcoin on First Day Reopening Deposits
Digital asset manager Grayscale Investments has added another 2,172 Bitcoin (BTC) to its Bitcoin Trust, on the first day it reopened deposits for the fund.


What is DAO Maker?
There has always been an issue with retail venture investing in equity and tokens. However, one platform looked to change it all and make a


ECB’s Lagarde Calls for Global Regulation for Bitcoin
European Central Bank (ECB) President Christine Lagarde says Bitcoin needs to be regulated at the international level, adding that Bitcoin is a highly speculative asset.


Goldman Sachs Says Bitcoin is Starting to Mature
Bitcoin is showing signs of maturity, but the institutional investment in Bitcoin is still very small, according to Goldman Sachs’ global head of commodities research.


Chinese Bank Allows Digital Yuan Services at ATMs
The Agricultural Bank of China allows customers to deposit and withdraw digital yuan at ATMs as a trial service in Shenzhen. Agricultural Bank of China


EOS Plummets After Dan Larimer Quits Block.one
Serial blockchain entrepreneur Dan Larimer announced he resigned from Block.one, the company that raised $4 billion to build the software behind the EOS blockchain. Larimer