Guest Posted November 14, 2017 Share Posted November 14, 2017 Can anyone tell me what has to be done by Ripple to be competible with old bank systems? Is it easy to integrate Ripple? (Excuse me for my English, No native speaker, Dutchman) Link to post Share on other sites
Xi195 1,313 Posted November 14, 2017 Share Posted November 14, 2017 2 hours ago, Tommer said: Is it easy to integrate Ripple? No. Ripple has been working on this for years. With 100 active (announced) customers, they are light years ahead of the competition. Link to post Share on other sites
Skippy 8,656 Posted November 14, 2017 Share Posted November 14, 2017 17 minutes ago, Xi195 said: No. Ripple has been working on this for years. With 100 active (announced) customers, they are light years ahead of the competition. Did you read this wrong? I think he asked what is practically needed for a bank to implement Ripple. Link to post Share on other sites
Guest Posted November 14, 2017 Share Posted November 14, 2017 @skippy, indeed Link to post Share on other sites
Xi195 1,313 Posted November 14, 2017 Share Posted November 14, 2017 (edited) 1 hour ago, Skippy said: Did you read this wrong? I think he asked what is practically needed for a bank to implement Ripple. 56 minutes ago, Tommer said: @skippy, indeed I answered the second portion of the question: "Is it easy?". Off the top of my head, I don't have a simple or well-informed answer for the first. As anecdotal evidence though, consider the fact that after years of effort, the best C++ team in fintech, around 200 employees, PoC's with many of the world's top central banks, and over $90M raised from the best VC's and institutions in the industry, Ripple is just starting to find momentum with institutional adoption. Doesn't sound easy to me. Edited November 14, 2017 by Xi195 Link to post Share on other sites
Guest Posted November 15, 2017 Share Posted November 15, 2017 5 hours ago, Tommer said: Can anyone tell me what has to be done by Ripple to be competible with old bank systems? Is it easy to integrate Ripple? (Excuse me for my English, No native speaker, Dutchman) Please research Interledger Protocol and Distributed Ledger Technology. It is a cumbersome process and nothing can go wrong for the bank's sake. It takes massive amounts of trust, time, energy, and money to change the banking world. These guys are aiming for the stars though... Go Ripple! Link to post Share on other sites
TiffanyHayden 1,980 Posted November 15, 2017 Share Posted November 15, 2017 9 hours ago, Tommer said: Can anyone tell me what has to be done by Ripple to be competible with old bank systems? Is it easy to integrate Ripple? (Excuse me for my English, No native speaker, Dutchman) At one point, I was told it was a huge PIA. This was before Ripple released their new product line. I spoke to an integration company hired by banks who said that they had to “squish” (lol, pretty sure they used that word) Ripple Connect together with the old stuff. They were also doing this with Hyperledger products too (squishing Hyperledger with the old stuff). I might check in with them again and see what’s up. Link to post Share on other sites
Guest Posted November 15, 2017 Share Posted November 15, 2017 @TiffanyHayden, that would be great great! Thanks a lot ? Link to post Share on other sites
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