Process Payments
Instant and Certain Settlement
xCurrent is Ripple’s enterprise software solution that enables banks to instantly settle cross-border payments with end-to-end tracking. Using xCurrent, banks message each other in real-time to confirm payment details prior to initiating the transaction and to confirm delivery once it settles. It includes a Rulebook developed in partnership with the RippleNet Committee that ensures operational consistency and legal clarity for every transaction.
“We are proud to be the first bank in Asia to use Ripple’s leading blockchain network solution to power real-time payments for our customers, whose families oftentimes depend on the availability of these funds for basic needs - time is of the essence to them.” Dr. Arak Sutivong, chief strategy officer, SCB
“We are excited to be the first bank in Turkey to use blockchain technology for international money transfer services. We believe that this will increase speed and transparency for our customers while at the same time reducing costs and providing a higher quality of service.” Tolga Ulutas, executive vice president in charge of Akbank Direct Banking
