Friday, January 10, 2020 4:46:50 PM
I think I understood your question....the software is xCurrent and all of Ripples paying customers are using it to settle transactions within the Ripplenet ecosystem. Financial Institutions (FI) who are using xCurrent are saving up to 35%. Huge savings!
“Are they financing the software and the connections with rxp.. And then that thing is gonna run without needing xrp?”
xCurrent software can be used without using XRP, but within the same Ripplenet ecosystem another software called xRapid is what utilizes XRP for liquidation. FI’s who use xRapid save another 35% and last I checked there was about 25 of Ripples customers who are using both xCurrent and xRapid. The total combined savings in using both is approximately 70% versus traditional methods. This is hundreds of millions in annual savings not including the dormant cash that it will free up. Once regulation passes I believe all 300 customers will eventually use xRapid because of the speed and savings. All FI’s and banks who settle must liquidate as well, and Ripple can make both happen for a tenth of a penny. The coming regulation will also allow FI’s and banks to hold XRP for liquidity management.
The reset is coming and XRP holders are going to be right in the middle of it...the moon shot will come with either regulation or the financial reset.
“Are they financing the software and the connections with rxp.. And then that thing is gonna run without needing xrp?”
xCurrent software can be used without using XRP, but within the same Ripplenet ecosystem another software called xRapid is what utilizes XRP for liquidation. FI’s who use xRapid save another 35% and last I checked there was about 25 of Ripples customers who are using both xCurrent and xRapid. The total combined savings in using both is approximately 70% versus traditional methods. This is hundreds of millions in annual savings not including the dormant cash that it will free up. Once regulation passes I believe all 300 customers will eventually use xRapid because of the speed and savings. All FI’s and banks who settle must liquidate as well, and Ripple can make both happen for a tenth of a penny. The coming regulation will also allow FI’s and banks to hold XRP for liquidity management.
The reset is coming and XRP holders are going to be right in the middle of it...the moon shot will come with either regulation or the financial reset.
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