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David Schwartz, CTO of Ripple, confirmed on Twitter that Ripple’s xCurrent 4.0 was live and that user upgrade was in progress.
Ripple’s xCurrent, one of the company’s enterprise software solutions, enables banks to settle cross-border payments with end-to-end tracking. With the help of xCurrent, banks are able to communicate with each other to confirm payments and transaction details.
David Schwartz confirmed the news after being asked on social media about the status of xCurrent 4.0. He tweeted,
Source: Twitter
David Schwartz added that the upgrade process was going to be a complicated one.
He further stated that the upgraded version on xCurrent would allow users to experience an easier integration process, which was not previously possible on the platform. Customers will be able to access xRapid support, easier peer-to-peer commute, and Multi-hop, among other major new features.
David Schwartz was further asked about the upgrade and whether the process would be a simplified upgrade protocol.
He responded that the upgrade would not be entirely straightforward as the architecture of xCurrent 4.0 was different, requiring important changes in the customer middleware.
The announcement was well received by Twitterati, with the XRP community rejoicing following the current update.
Twitter user, @XRPress stated,
“It’s aliivvvveee! Congrats on 4.0 – the ecosystem is maturing before our very eyes!”
Ripple’s long-term objective has been to create a seamless payments system across the globe, so that cross-border payments are no longer a hassle.