Riplle Company's brochure announces a new product xCurrent4.0!? Will XRP become a bridge currency?

At the FinTech Festival 2018 held in Singapore, the following wording in Ripple's brochure has become a topic of discussion: Is Ripple's new product xCurrent 4.0?”

Bank and financial institutions using xCurrent will be able to seamlessly access XRP token-based xRapid
Quoted: COINPOST “Ripple announces xCurrent 4.0”

What is xCurrent4.0?

This news drew attention after a person known as ecent participating in the FinTech Festival 2018 posted photos of Ripple's brochure on their Twitter account.

Below is the actual tweet.

Ripple's brochure has the topic titled “xCurrent4.0” listing several new features.

Source:

Among the items in the brochure, the sixth item, Increased Product Interoperability, is the most noteworthy.

Below are the original text and its Japanese translation.

6．Increased Product Interoperability(Improved interoperability between products)

Seamlessly access xRapid for digital asset payments(Seamless access to xRapid for digital asset settlements)

In other words, could there be a future connection of XRP-based solutions to xRapid?

Differences between xCurrent and xRapid

Ripple provides three main services for remittance and settlement:

xCurrent
xRapid
xVia

Now, let us explain the differences between “xRapid” and “xCurrent” mentioned above.

xRapid is a service for money transfer providers and other financial institutions that want to minimize liquidity costs.

xCurrent enables instant international settlements between banks and visualizes all settlement processes.

By using xCurrent, banks can perform real-time interbank messaging, making it easier to confirm settlement details before transfers and to confirm funds availability after settlement.

Conversely, the widely recognized international payment system standardSWIFThas historically faced challenges with real-time interbank messaging, making the flow of money via intermediary banks opaque and inefficient.

Therefore, problems such as the following have arisen:

High fees
Opaque money flows
Long times from transfer to receipt

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