xCurrent is instant settlement
CFCC News Bot last edited by
I’m writing this post because I have noticed a lot of confusion in regards to xRapid vs xCurrent. Today I have read in some comments where it is said the xRapid is the only way for a transaction to settle instantly. That is not the case, xRapid is a way to source low cost liquidity, eliminating the need for Nostro/Vostro accounts.
xCurrent settles instantly https://ripple.com/ripplenet/process-payments/ “xCurrent is Ripple’s enterprise software solution that enables banks to instantly settle cross-border payments with end-to-end tracking. Using xCurrent, banks message each other in real-time to confirm payment details prior to initiating the transaction and to confirm delivery once it settles.” Please watch the video attached.
I was getting downvotes when I brought this up and I was getting comments reinforcing the notion of xCurrent not being instant settlement. It’s important we understand the products and if I am mistaken please enlighten me
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