KarmaCoverage Posted February 15, 2018 Share Posted February 15, 2018 (edited) In short, RippleNet is the combination of all... xCurrent does messaging and can do settlement if desired for existing nostro/vostro relationships that are nonFX payments. By selling xCurrent to regulated banks, the banks already meet the regulatory requirements for their jurisdiction, so that makes xCurrent and it's part of RippleNet regulatory compliant. xRapid is for connecting Exchanges where there is open market trading liquidity available for FX to XRP, and all the Exchanges are connected to XRPLedger. It must have Exchanges using it before, banks using xCurrent can connect to it. Once a bank is connected to both xCurrent & xRapid, it can work with xVia. xVia is for the Corp Treasury departments, it is just an API that enables them to send/receive payment requests to/from their bank using xCurrent and xRapid for payment processing... ...and then the payment will go through the whole RippleNet system, which is tied together end to end with ILP. Here is what it all looks like... I have seen a lot of confusion around which products do what. If any of this is inaccurate please let me know. I hope this helps concisely explain what RippleNet is, and how it's parts are tied together. Edited February 15, 2018 by KarmaCoverage Graine, Lamberth, DreXRP and 5 others 4 4 Link to comment Share on other sites More sharing options...
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