Kloppos Posted October 16, 2017 Share Posted October 16, 2017 First time XRP is the topic, SBI and Dilip Rao mentioned it was very positive decision in their opinion that XRP is only optional which was very well taken by banks Link to comment Share on other sites More sharing options...
Kloppos Posted October 16, 2017 Share Posted October 16, 2017 (edited) Also regarding the Thai-Japan corridor, the question from the audience was about the "sandbox" comment from Siam Bank guy. He said that they are still using the shared ledgers for their solution and is not yet using the full RippleNet Solution, and they are just thinking how to scale this up as they want to go into new corridors (he mentioned Germany i.e.) and they want to soon make a full-scale up (so for all corridors of the bank). So this sounds quite interesting and positive. Edited October 16, 2017 by Kloppos cheese111 1 Link to comment Share on other sites More sharing options...
Kloppos Posted October 16, 2017 Share Posted October 16, 2017 (edited) Strategy from Santander guy mentioned 3 solutions they have (2 are used, 3rd is the idea later on) Solution Nr.1 --> Santander using Earthport as 3rd party (UK to Spain) Solution Nr.2 --> Santander using partner Bank Solution Nr.3 --> Ankle banks (as even banks like Santander is not connected to every bank), so there should be some banks which act as lets say knots for certain corridors as even the big banks like Santander will never have connections to all banks globally (as he said) He also mentioned that clearing companies will have a big role in this new technology. Edited October 16, 2017 by Kloppos cheese111 1 Link to comment Share on other sites More sharing options...
Kloppos Posted October 16, 2017 Share Posted October 16, 2017 Dilip Rao also mentioned something interesting that it will also happen (or may already?) that Central Banks sponsoring blockchain/payment projects for a cluster of banks as there will be a lot of individual banks will not go alone for those technologies but rather clusters of banks like in Japan will do an effort together and directly connect themselves together. Also mentioned is that one of the biggest issues is liquidity and that the model needs to change from corridor to corridor but more to a big pool of liquidity (size, scale and reach). Ripple is well placed (regarding Santander guy) but they need to work on this regard with priority. Siam guy says technology wise they are very positive, but also liquidity and network challenges are the most pressing ones (so more liquidity and more banks in the network). Storm, Andi10, jpgt1 and 2 others 2 3 Link to comment Share on other sites More sharing options...
Tommynoguns Posted October 16, 2017 Share Posted October 16, 2017 Veem.com using XRP with xRapid?? Confirmed themselves!? That’s big news right? Link to comment Share on other sites More sharing options...
KyleButler Posted October 16, 2017 Share Posted October 16, 2017 Well sounds like the Sibos event wasn't too exciting either... Mpolnet 1 Link to comment Share on other sites More sharing options...
joemurray27 Posted October 17, 2017 Share Posted October 17, 2017 1 hour ago, KyleButler said: Well sounds like the Sibos event wasn't too exciting either... Source? Link to comment Share on other sites More sharing options...
KyleButler Posted October 17, 2017 Share Posted October 17, 2017 15 minutes ago, joemurray27 said: Source? https://www.coindesk.com/not-swell-sibos-highlights-swifts-strained-relationship-blockchain/ "Just as brief, however, was Swift's mention of its own blockchain work – the only time the Swift CEO directly mentioned it was in reference to the company's nostro-vostro blockchain proof-of-concept." Link to comment Share on other sites More sharing options...
joemurray27 Posted October 17, 2017 Share Posted October 17, 2017 2 hours ago, Tommynoguns said: Veem.com using XRP with xRapid?? Confirmed themselves!? That’s big news right? Where did you get this? Mpolnet 1 Link to comment Share on other sites More sharing options...
Tommynoguns Posted October 17, 2017 Share Posted October 17, 2017 9 hours ago, joemurray27 said: Where did you get this? https://www.reddit.com/r/Ripple/comments/76u0g9/did_he_just_say_veem_is_using_xrp_i_think_so/?st=J8VHYL5B&sh=3822865f Link to comment Share on other sites More sharing options...
Guest Posted October 17, 2017 Share Posted October 17, 2017 "We see no demand use for XRP. "..... Did I just hear this lady correctly? Link to comment Share on other sites More sharing options...
vanhalendlrband Posted October 17, 2017 Share Posted October 17, 2017 25 minutes ago, tartankiwi said: "We see no demand use for XRP. "..... Did I just hear this lady correctly? She’ll see the demand when you can use the same tech, Ripple, cheaper by using XRP AND FASTER! Link to comment Share on other sites More sharing options...
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