- Previous options for ‘process payment’ ‘source liquidity’ and ‘send payment’ no longer found on the site
- The site now displays only ‘On-Demand’ liquidity
- xCurrent and XVia can now be used under the XRP platform
New changes seem to be coming to Ripple. While the cryptocurrency firm hasn’t made much of an official announcement, a trip to their website shows a significant development.
Previously, when the ‘RippleNet’ option was clicked on, it created a scroll-down option palette that showed the three services that were offered by RippleNet which were ‘process payment’ ‘source liquidity’ and ‘send payment’.
Now, the scroll-down option simply shows ‘On-Demand’ liquidity. The implication of this is that Ripple has merged all three options into a single service.
There is also the peculiar removal of several mentions of xCurrent, xRapid and xVia from the site with only RippleNet being mentioned.
From all indications, it would seem that all the banks and financial institutions that were associated with the other services such as xCurrent can now use the RippleNet platform. Considering there were over 200 banks that used xCurrent, this shift will be significant.
However, the sending and receiving of funds will not be affected according to the site.
‘RippleNet customers can use XRP for on-demand liquidity while still ensuring payments are sent and received in local currency on either side of a transaction,’ they say.
When these sorts of changes are made to a platform like Ripple, one of the first concerns that customers have is whether their ability to send and receive funds will be affected. In this case, it seems they have nothing to worry about.
What is in This For The Customer?
This new development will benefit not just Ripple but its customers as well.
First of all, they will enjoy a more streamlined experience by having all their transactions done using XRP.
‘Both access levels (xcurrent/xvia) have the ability to settle transactions instantly through XRP, a digital asset, used in Ripple’s xRapid product. Eliminate pre-funding in foreign accounts and send payments 24/7 using XRP,’ said Ripple.
XRP is being pushed towards customers over xCurrent and Xvia, and for good reason.
XRP helps users save money in the process of transferring funds and also increase efficiency in the tracking and sending messages.