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Found 8 results
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  1. Saw this posted on Reddit. I didn't see anyone post a link here. Very interesting discussion by Stefan Thomas about ILP + COIL
  2. The Gates Foundation and Ripple's formation of Mojaloop was to address the current financial system's inadequacies on providing services to individuals living below the poverty line and in remote areas of their respective countries. Mojaloop makes use of Ripple's Interledger Protocol to bridge mobile wallets to current digital financial services. Currently, the complexity and costs associated with developing digital financial services for new markets is daunting for banks to overtake. Further complicating the issue, making these new services interoperable with one another requires mass coordination between multiple parties on a grand-scale. Mojaloop provides financial providers, governments and mobile network operators a simplified and economical option for developing new inclusive payments platforms. https://ripple.com/insights/news/ripple-the-gates-foundation-team-up-to-level-the-economic-playing-field-for-the-poor/ Along with with the Gates Foundation and Ripple, Dwolla, ModusBox, Software Group and Crosslake Technologies contributed to the Mojaloop project. For Dwolla this isn't the first project they've crossed paths with Ripple on. Several years ago, both companies were developing and trialing the "Shift Card" alongside Shift (ShiftPayments). Whether or not there was any direct collaboration is unknown but Ripple did help in the development of the Shift Card, while the card is integrated into the Dwolla network. https://techcrunch.com/2014/08/12/shift-is-developing-a-debit-card-that-lets-you-spend-digital-currency-loyalty-points-and-regular-money/ https://techcrunch.com/2015/11/20/coinbase-partners-with-shift-payments-to-issue-bitcoin-debit-card/ https://gomedici.com/shift-payments-launches-new-mobile-app-to-track-payments-and-dwolla-balance/ More recently, Dwolla has been collaborating with startups to build solutions on tracking assets on the blockchain between the fintech ecosystem and traditional financial system. https://www.coindesk.com/dwolla-returns-blockchain-not-bitcoin/ Dwolla and Ripple also find themselves converging in another area of innovation, the FED's Faster Payment Task Force. Established in 2015, the FED's Faster Payments Task Force is responsible for multiple objectives with one being the assessment of alternative approaches for faster payment capabilities in the United States. Several hundred of stakeholders consisting of banks, regulators, and technology companies were gathered to create a guideline to modernize the U.S. payments infrastructure. The Task Force ultimately established a long-term target for new solutions to meet market needs by 2020. These needs pertaining to speed, efficiency, governance, and etc. Both Ripple and Dwolla submitted proposals on addressing the current issues the U.S. payment infrastructure faces. Ripple: https://ripple.com/insights/federal-reserve-task-force-ripple-improves-speed-transparency-global-payments/ Dwolla proposing it's payment platform utilizing it's API: https://www.forbes.com/sites/tomgroenfeldt/2017/01/25/feds-faster-payments-task-force-should-seek-implementation-in-three-years-dwolla/#1514dfa26088 Along with their proposals, Dwolla and Ripple (thru Ryan Zagone) were elected to the Federal Reserve’s Faster Payments Task Force Steering Committee. A committee to guide the members of the Task Force to obtain their long-term goals. https://fedpaymentsimprovement.org/faster-payments/about-the-task-force/roster/ This proximity is bound to lead to collaboration to address and meet the Faster Payments Task Force long-term goals for modernizing the U.S. Payment Infrastructure. I do know one thing. One of Dwolla's investors, Ashton Kutcher, seems to be a fan of Ripple currently. https://www.cnbc.com/id/47021465 (obligatory mention: Greg Kidd's GlobaliD is integrated with Dwolla's network) EDIT Ashton Kutcher reinforcing his support for Ripple.
  3. Hi, As I understand it, interledger protocol is supposed to connect ledgers (whether blockchains or banks), allowing for the seamless transfer of value. I understand that many financial institutions are using interledger by adopting ripplenet. Still, I am confused why there does not seem to be any consumer facing applications that employ interledger. For example, why are there no applications that allow you to send money from the Ethereum ledger to the Bitcoin ledger nearly for free using the protocol? Or are there such applications I am simply not aware of? This is especially perplexing given that interledger is supposed to facilitate nearly free transfers between blockchains. In addition, the system is open source, public and readily available through API's. A second question: can you embed ILP payments into smart contracts? Can a smart contract hold dollars in escrow and promise to pay them out through the interledger? I haven't thought this through very carefully, but basically - is ILP smart contract enabled? Let me know if you have any thoughts on either of these items. Thank you!
  4. Microsoft demonstrates how to use the new PaymentRequest API (a @w3c standard, soon available in all major browsers) https://mobile.twitter.com/ahopebailie/status/955381835411939328
  5. I followed this tutorial "https://github.com/interledgerjs/ilp-kit#environment-variables" and "https://github.com/sappenin/ilpkit-google-cloud/tree/master/ilpkit-gce-single" to install ILP Kit on google compute engine, and everything ran fine till i tried running "sudo ./start.sh" and everything ran successfully till i get an error saying "Unhandled promise rejection (rejection id: 1): Error: Unable to connect to account", i have tried running my head to figure out what is wrong but i haven't been able to. My public_uri in my env.list file is http://35.185.16.56/ which displays the image in the screenshot. I also tried making a post request using the documentation on interledgerjs.github.io, "ilp-kit-api" I tried sending something like this, "Post user curl -X POST -H "Content-Type: application/json" -d '{ "password": "alice" }' http://35.185.16.56/api/users/admin'", and i get a statusMessage: 'Not Found' response, Is there anyway i can get an head start to what might have gone wrong during the installation?
  6. Instead of building another walled garden, Ripple has chosen to connect the world's payment systems together. They will succeed with XRP and ILP working together! In this blog entry, I discuss what some have come to realize intuitively; that Ripple has a visionary strategy compared to other competitors (like R3, e.g.) Instead of building an island where everybody has to jump on, they enable banks to continue using their own preferred ledgers and integrating with ILP. If banks then wish to save even more money, Ripple is now nearing the point when those banks can flip a switch and start adding XRP liquidity. I discuss those points in the blog; Hope you enjoy the read & as always, please feel free to share on any other media (and thank you in advance for doing so!) My blog announcements on other media: Twitter Reddit Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  7. https://xrphodor.wordpress.com/2017/07/11/the-interledger-protocol-a-bigger-pie-for-everybody/ This is my latest blog; I'm doing two things with this entry: Explaining XRP, its history and function Connecting why its good for XRP Leave comments and let me know if you like / dislike it, and feel free to share it as much as you want on other media! Reddit: https://www.reddit.com/r/Ripple/comments/6mmku0/the_interledger_protocol_a_bigger_pie_for/ Twitter: https://twitter.com/Hodor7777/status/884783605217730561
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