UnderstandingXRP Digital Currency Holdings

November 21, 2018

RippleNet is a global payment system for Corporates, SMEs, Small banks and payment providers. It boasts of reducing fees, transaction time and reduces the need for Nostro Accounts to transfer money across borders. It is currently working with Santander, Bank of America, UBS, American Express, RBC and Westpac.It currently has three main features:1.xCurrent -Real-time settlement with bidirectional messaging -DOES NOT USE XRP2.xRapid -Access on-demand liquidity through digital assets (XRP) / Uses XRP as a “bridge” between currencies (launched 1st October 2018)3.xVia -One standard API to access RippleNet (Payment Interface that can be used to make payments that “tap into RippleNet”)xCurrent is the highway and xRapid is the fastcar to get you to the end of it. Currently a majority of RippleNet’s partners are only using its xCurrent product, which still relies on Nostro accounts and doesn’t use XRP.

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