Ripple’s xCurrent 4.0 Update Turns On, Soon All Users Will Experience It, Ripple CTO Affirms

Ripple’s xCurrent 4.0 Update Is Live, Soon All Users Will Experience It, Ripple CTO Affirms

David Schwartz, the Chief Technology Officer (CTO) of Ripple, has recently used Twitter to confirm that the 4.0 version of xCurrent is currently live now and that the company is currently making an effort to support all clients as soon as possible.

xCurrent is one of the most important Ripple solutions as it can be used in order to enable cross-border payments for companies and they can track the payments from end to end. Banks are the main users of this technology, which is often used as a way for them to make cheap and fast transactions which can be easily traced.

The new features of the upgrade, according to David Schwartz’s tweet, are xRapid support, easier peering, multi-hop and easier integration for customers.

He also affirmed that this new update was certainly going to be a very complicated one to completely pull off. The architecture of xCurrent 4.0 will be different from what it was before, so this is currently the main problem with the update and the one that might make it be slower than expected.

After the tweet, the XRP community rejoiced. As it is the case with any crypto, XRP has its fans and they avidly wait for Ripple announcements which may translate into XRP becoming stronger and possibly have its prices going up.

Ripple, the creator of XRP tokens, is a company that wants to be the new SWIFT. The company wants to disrupt the cross-border payment industry by creating solutions that will help banks and institutions to save money and time.

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Gabriel Machado
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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