Post
Topic
Re: [XRP] Ripple Speculation
by
SamCoinstein
on 22/11/2017, 20:25:08 UTC
Is there a possibility for a cooperation with SWIFT? seems like the time is ripe

https://bankinnovation.net/2017/11/whats-next-for-swift-apis-realtime-payments-and-cryptocurrency/


“In terms of organizations being able to transform their value propositions to their clients, APIs are part of the technology set of capabilities that are more readily available, more readily deployable today, and more readily able to drive change in that customer-based proposition,” Grainger said.

One area SWIFT will not be considering is generating its own digital assets, or cryptocurrency, Grainger said. This is at odds with other cross-border payment services, notably Ripple, whose digital currency XRP is used to conduct payments over its distributed ledger network.

However, that doesn’t mean SWIFT will ignore cryptocurrency entirely when it comes to its gpi service.

“Generating and being responsible for the issuance of an asset is not our business,” Grainger said. “If banks want to go down that route and create and issue assets that are available in alternative formats, we’re able to support them. Our network can support them, but we don’t want to compete in that space with our members.”


OMFG GUYS its getting really interesting!




WOW! This at the same time as JoelKatz says:

I think we're right at that critical point now where we are starting to pivot some customers to XRP for some corridors. We have enough adoption now and enough value and liquidity in XRP that that's realistic. Cuallix is, so far, the only announced partnership of this type. The main limiting factor right now is everyone having enough confidence that the system is going to work correctly that they're willing to flip the switch and let it make large, irreversible payments. This means, for example, correctly handling a large variety of failure/error cases which, though unlikely, must be properly handled in a production system. Fortunately, we went through a very similar process with xCurrent.


https://twitter.com/JoelKatz/status/933319857948393472