What is: xCurrent

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Ripple's (XRP) xCurrent logo

xCurrent is a software solution developed by Ripple, for banks to instantly process payments. xCurrent is built around the Interledger Protocol (ILP) which enables inter-operation between different ledgers and networks.

Quick facts:
Technology: – RippleNet
– Ripple Protocol Consensus Algorithm (RPCA)
– InterLedger Protocol (ILP)
Use: – Global Real-Time Settlement (RTGS) system
Target audience: – Banks

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