The XRP community is here with some news about the plans of the company of Ripple to integrate all of the software products of xVia, xCurrent and xRapid of Ripple into one convenient solution which is known as Convergence.
The idea of Convergence solution of Ripple
The purpose of a Convergence solution came after Jim Chauncey-Kelly, the Director of Talent Acquisition at Ripple, on the 9th of August, spoke to Interview Now. The latter is actually a text message interviewing tool which is helpful for recruiters to communicate with potential employees.
He stated that earlier in 2018, a big part of what his team was focused on was hiring a lot of engineering. This was actually their most significant push of all probably, as they are building software which is called Convergence which syncs together all of their signature products into one seamless format.
For instance, if the American Express, which is one of their clients, wants to send $500 to a bank in Thailand, there is an immediate quote of what that exchange is, as well as the money goes through. This is actually something which brings together all of their products to further enhance RippleNew that is very exciting.
Later on, the article which contains this information was deleted, but this has not stopped the conversations on Twitter, as well as on some other online chats. One Tweet mentioning “Convergence,” posted by the member of the XRP community named Thomas Silkjær, stated that they found “Convergence,” said in an interview earlier this week. Interview, as well as some other information about this, is gone now.
Another member of the XRP community stated that if it is true, this is a brilliant move from Ripple. With “Convergence,” all in one package, Ripple is going to simplify and make clients unaware of what is under the hood, and clients using XRP without any risk.
How could all that work?
Given that xVia is an API solution which actually needs no software installation, it can be utilized to send payments across different networks with the use of a standard interface. xCurrent and xRapid are examples of the ‘various networks’ with which xVia can facilitate communication between the two for the settlement of cross-border payments. This actually means that XRP would be at the center of this transaction.
Ripple has three products in total
Jim Chauncey-Kelly posted another tweet on the 17th of August, which has since been deleted. In the tweet, he explained that they have 3 products – xCurrent (in production) and 2 more which are on the way – xVia & xRapid. They are going to be on a ‘convergence’ release soon, and there is actually no software which is called “convergence.”
As a conclusion- there is a possibility that xVia can be utilized as a gateway between xCurrent and xRapid. Whether or not this combination is going to be packaged into one seamless solution by the company Ripple is going to be determined with time. The XRP community may also not be worried in assuming that there is a ‘Converged’ solution in the pipeline. The 100% functionality of xRapid is also something to look forward before the year ends.