The community of XRP is overjoyed by the latest news that Ripple Inc. plans to merge all the software products of the firm – xCurrent, xRapid, and xVia – into one solution called “Convergence.” The idea of the Convergence solution was birthed when Jim Chauncey-Kelly – Ripple’s Director of Talent Acquisition – spoke to Interview Now.
Jim Chauncey-Kelly’s Statement
In the statement, Jim said that “Earlier this year, the major focus of the firm was hiring lots of engineering. This was their most important push because they are developing a software called Convergence which will integrate the three products of the firm into one seamless format.
The post containing this information was later removed, however, that didn’t stop the conversation on Twitter and other online platforms. A member of the XRP community said that “if this announcement is true, it is a very smart move by the firm. Adding that with Convergence, the blockchain product might attain a new height.”
How It Could Work
Given that xVIa is an API solution that does not need any software installation, it can be used to make payments over several networks using a standard interface. xRapid and xCurrent are examples of the “networks” which xVia can facilitate communication with for the settlement of international payment. This means that XRP (XRP) would be at the center of the transactions.
With the emergence of “Convergence – the integration of xRapid, xCurrent, and xVia” the adoption and use of XRP would increase significantly as these products are used by a lot of financial institutions across the globe.
XRP (XRP) Price Today – XRP / USD
At the time of writing, XRP is changing hands at $0.342 after an increase of about 4 percent over the past twenty-four hours. The current market cap of the digital currency is $13.32 billion and its trading volume over the past twenty-four hours is $356.95 million.