Blockchain Firm Ripple Fuses xRapid, xVia and xCurrent into RippleNet

Published at: Oct. 12, 2019

Ripple, the blockchain firm behind crypto asset XRP, fused three of its services into features of its RippleNet offering.

Industry news outlet CryptoNews reported the change in Ripple’s product offering on Oct. 9.

Little more than the names changed

Per the report, a company’s spokesperson explained that now, “instead of buying xCurrent or xVia, customers will connect to RippleNet — on-premises or through the cloud — and instead of buying xRapid, clients will use On-Demand Liquidity.” The Ripple representative also said:

“Other than the names of the product, very few things have changed and will not affect our customers.”

More than a software suite

The company reportedly believes that moving from a suite of services to offer a network to its customers is a natural evolution of its strategy due to the growth of its user base and development of its standard. He concluded:

“RippleNet is more than just a suite of software.”

As Cointelegraph reported yesterday, alluding to the spate of controversies that have beset the project, Ripple CEO, Brad Garlinghouse, argued that Ripple’s “transparency has opened us up to attack.” He said that there is a “bunch of misinformation” out there, but claimed that this is in part because Ripple is “ten or a hundred times more transparent than anyone in the crypto community.”

Tags
Related Posts
XRP price surges 55% to a 3-year high amid push for financial inclusivity
The price of XRP saw a 55% breakout over the past two days as the sixth-ranked cryptocurrency by market capitalization has renewed its focus on the creation of a cross-border payment network that is inclusive and sustainable. Data from Cointelegraph Markets and TradingView shows that XRP dropped to a low of $0.566 in the early hours on April 4 before a wave of trading volume helped lift its price to a high of $0.877 within the last few hours. The uptick in trading volume was sparked after Ripple posted a blog titled “Creating a More Financially Inclusive and Sustainable Future” …
Blockchain / April 5, 2021
Indian Banks Act Slow to Accept Crypto Industry Despite RBI’s Approval
The repeal of a blanket ban on cryptocurrencies in March by India’s central bank, the Reserve Bank of India, has been a boon to the thriving crypto industry in India — with the launch of new exchanges being a catalyst. This is despite the country being one of the most severely affected nations by the COVID-19 pandemic, which has led to a deepening economic crisis across the nation. For investors and fintech innovators alike, cryptocurrency and blockchain technology have proven to be a much-needed respite in these challenging times. Regulatory uncertainty Repealing the blanket ban was not the ultimate solution …
Blockchain / June 27, 2020
Ripple and Major Beijing University Launch Blockchain Research Scholarship
A major Chinese research university has launched a blockchain research scholarship with the support of Ripple, according to a press release published on Jan. 18. In collaboration with blockchain payments firm Ripple, the Institute for Fintech Research at Beijing’s Tsinghua University (THUIFR) has announced the Blockchain Technology Research Scholarship Program (BRSP). The program reportedly intends to bring together the best graduate students in China in 2019 to study global blockchain regulations and industry development. Participants in the new educational program will reportedly have access to advanced knowledge in the blockchain space, as well be able to take part in corporate …
Adoption / Jan. 23, 2019
Fortune: R3 Blockchain Consortium Is ‘Running out of Money’, Director Denies Rumors
Update: this article has been updated to include statements made by Charley Cooper, managing director at R3. While last year R3 had implied that the company had a larger goal of raising $200 mln in funding, R3 told Fortune that the figure came from a now-cancelled plan to sell a stake in a research subsidiary. The unnamed former R3 employees told Fortune that the consortium’s internal financial targets are “10X short” of their revenue, with the figure described as “laughably off.” Charley Cooper, an R3 managing director, told Fortune that the company is not in danger of running out of …
Blockchain / June 8, 2018
Ripple wants to bring Ethereum smart contracts to the XRP Ledger
Ripple users may be able to interact with Ethereum-compatible decentralized applications (DApps) in the future following the launch of a test phase of Ripple’s new XRP Ledger sidechain. The launch of the sidechain was shared in a Tweet by blockchain development firm Peersyst Technologies on Oct. 17, noting that the new sidechain is compatible with Ethereum Virtual Machine (EVM). This means that Ripple users could eventually have access to decentralized applications like Uniswap (should it port over) and Web3 wallets such as Metamask and XUMM Wallet. The new sidechain also comes with a cross-chain bridge built to transfer XRP and …
Adoption / Oct. 18, 2022