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MatinMontreal

SBI Ripple Asia prepares RC Cloud 2.0 for launch

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This news came out today.  Google Translate is far from perfect so I'm not 100% on the details but it sounds like a BFD on the path to 2018.

http://www.sbigroup.co.jp/news/2017/1206_10906.html

Here is the translation: 

SBI Holdings Co., Ltd. (Headquarters: Minato-ku, Tokyo, President and CEO: Yoshitaka Kitao) and its subsidiary SBI Ripple Asia Co., Ltd. (Head office: Minato- ku, Tokyo; President: Takashi Okita) The "consortium for domestic and foreign exchange consolidation" to serve (hereinafter this consortium)) utilizes Distributed Ledger Technology (DLT), security and fault tolerance of the settlement platform "RC Cloud" which handles domestic exchange in a centralized manner in addition to foreign exchange We are pleased to announce that we have completed the construction of the commercial version "RC Cloud 2.0" which is enhanced.

"RC Cloud" is the world's first attempt to implement Ripple's next-generation payment infrastructure on the cloud, the world's first trial, starting a field trial at 43 lines then in 2016, completed in March 2017 We will. In anticipation of commercial use from 2018, we have repeated discussions at the "IT / System Working Group" consisting of banks that are considering commercial use, and have prepared new versions that enhance security and fault tolerance Now, with the cooperation of Internet Initiative Japan Inc. (IIJ), we have completed the commercial version "RC Cloud 2.0" which implements Ripple's latest solution "xCurrent".

In addition to "RC Cloud 2.0", in this consortium, "common GW (gateway)" that enables connection utilizing open API, and bank account number in addition to bank account number, We also develop "common application" which realizes remittance with telephone number and QR code.
By combining these, we will contribute to the realization of frictionless (friction-free) settlement and a cashless society, while at the same time as the declining birthrate and the aging of the birthrate, we will work to improve productivity and reduce social costs.

Edited by MatinMontreal

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18 minutes ago, MatinMontreal said:

By combining these, we will contribute to the realization of frictionless (friction-free) settlement and a cashless society, while at the same time as the declining birthrate and the aging of the birthrate, we will work to improve productivity and reduce social costs.

Wow! This is huge!

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14 minutes ago, Nymdok said:

The relase appears to imply that they will be using xCurrent not xRapid.

No ham sandwiches either. 

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