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Ripple’s xCurrent 4.0 goes live; user upgrade currently in progress, says CTO David Schwartz

Biraajmaan Tamuly

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David Schwartz, Ripple CTO, announces xCurrent 4.0 is live; user upgrade currently in motion
Source: Pixabay

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.





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Biraajmaan is an engineering graduate who is exploring the ever-changing crypto verse while traversing his passion for cryptocurrency news writing. He is a Chelsea fan and a part-time poet and does not hold any value in cryptocurrencies yet.

Altcoins

Ripple CTO dismisses Coin Metrics report saying it was a ‘timeline issue’, Tron [TRX] futures to soon start trading on OKEx platform and more

Febin Jose

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Ripple CTO dismisses Coin Metrics report saying it was a ‘timeline issue’, Tron [TRX] futures to soon start trading on OKEx platform and more

Daily Crypto News – May 18

1) XRP-backed stablecoin: Kava Labs is developing a stablecoin, USDX, backed by XRP on a Cosmos Zone, which dynamically maintains stability to USD with decentralized mechanisms.

Read more at https://bit.ly/2HE7xAv

2) BitMEX insurance funds: While some panicked when Bitcoin crashed suddenly, others remained calm and assessed the situation. It was noticed that there was a huge sell order on Bitstamp, which pushed the price of Bitcoin by ~20% in a few minutes.

Read more at https://bit.ly/2VNgUaK

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4) SatoshiPay launches Solar Wallet: SatoshiPay has been working closely and designing micro-payment apps for the Stellar Network. Earlier this year, the micro-payment solution company launched ‘Solar wallet’, a stellar network-based and user-friendly desktop wallet. The Solar Wallet has proved to be user-friendly and easy-to-use and can securely manage funds.

Read more at https://bit.ly/2HrJ6HH

5) Blockstream CSO on Bitcoin: Samson Mow, Blockstream’s Chief Strategy Officer appeared in the latest Keiser Report discussion featuring Max Keiser. Talking about the satellite, Mow said that the purpose of Blockstream satellite was to provide redundancy for the Bitcoin [BTC] network.

Read more at https://bit.ly/2VvuQkY

6) HitBTC is insolvent, claim customers: According to a series of tweets by CryptoMedication, from Zerononcense, cryptocurrency analytics and research firm, the exchange is “insolvent”. The Twitter handler exclaimed his surprise that the exchange was “still in operation” as they had only 350,000 BTCs after their liquidation.

Read more at https://bit.ly/2JtlOTK



7) Weiss Ratings on Bitcoin’s price movement: Weiss Ratings, the crypto-specific rankings company, which, at times has rubbed the cryptocurrency industry the wrong way on predictions, suggested an absence of “manipulation” and termed the fiasco as a “normal market correction”.

Read more at https://bit.ly/2JrYtlE





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