American Express and Santander Team Up With Ripple.

Ripple has recently launched their new version of xCurrent for some of their clients, which include America Express and Santander.

The Upgrade

The newly released 4.0 version allows financial institutions to plug into xRapind, Ripple’s cross-border payment solution that utilizes XRP to provide enhanced speed and liquidity.

During September, Ripple had begun upgrading clients to the new version and a company spokesperson told CoinDesk that currently, no one has opted to utilize the software’s new integration with xRapid. Furthermore, a communications manager at Banco Santaders says that currently, the company is sticking with xCurrent for its mobile pay app One Pay FX.

“Santander uses xCurrent only, not xRapid or XRP. And the bank has not upgraded so far. Santander does not need nowadays that upgrade to deliver all the benefits of One Pay FX.”

Ripple officially released xRapid during October along with revealing that MercuryFX, Cuallix and Catalyst Corporate Credit Union are utilizing the software for commercial payments.  Asheesh Birla, Ripple’s senior vice president of product says, it’s already helping them lower costs and improve settlement times.

Previously during June, Brad Garlinghouse, CEO of Ripple, commented that he expects dozens of banks implementing xRapid by the end of 2019.

“I think as we do things that enhance the utility of XRP, we’ll continue to see that ecosystem grow and be healthier and healthier. I’ve publicly stated by the end of this year I have every confidence that major banks will use xRapid as a liquidity tool by the end of this year. By the end of next year, I would certainly hope that we would see an order of magnitude – dozens.”

Our Thoughts

Ripple continuous to be ambitious with its recent announcements in upgrades and business dealings. While the news that not many banks are utilzing xRapid at the moment, it’ll be quite interesting to see if the prediction made by the CEO will come true.

Let is know your thoughts.

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Keith Wang

Keith Wang is a writer and programmer specializing in bitcoin and blockchain technology. Keith has been a long time believer of bitcoin and blockchain technology and spends his free time following up with blockchain news. You can contact Keith at

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