"An internet of value exchange" Is CENTRE competing with ILP?

[TokenBaby]

It appears that Circle's CENTRE is looking to do something similar to ILP. What is your take on this? 

https://www.centre.io/

Quote

CENTRE is an open source set of protocols and a network scheme that allows money to flow between wallets just like information between browsers, email between mail services and texts between SMS providers. By removing artificial economic borders, we enable a more efficient and inclusive global marketplace. 

 

Edited December 11, 2017 by Byrd

[7h3i19]

Seems so

[panmores]

14 minutes ago, Byrd said:

It appears that Circle's CENTRE is looking to do something similar to ILP. What is your take on this? 

https://www.centre.io/

 

They lack a token to solve the liquidity issues?

[Guest]

Circle has been building liquidity privately for their yet to be released token which will be required for certain aspects of their CENTRE network.  Recently, they raised $20 million for their foundation.  Circle has been discussed quite extensively on the forum before (including by me)...

[TokenBaby]

6 minutes ago, panmores said:

They lack a token to solve the liquidity issues?

There is a token. Check the Whitepaper...

"All participants will be required to support at least the CENTRE token (the CENT) for settlement."

[panmores]

Just now, Byrd said:

There is a token. Check the Whitepaper...

"All participants will be required to support at least the CENTRE token (the CENT) for settlement."

Oh, still concept and very early stages. Good luck to them! Competition makes Ripple only better.

[Pluto]

they called it the 'cent'

[Guest]

Circle was available as a remittance service on Korbit, a Korean exchange, but it is no longer available. 

There was no mention of the removal. 

https://support.circle.com/hc/en-us/articles/115001874623-Send-Money-from-South-Korea-to-Circle

Edited December 11, 2017 by Guest

[Amigo]

It would be better if it was called decentre ?

[KarmaCoverage]

On 12/11/2017 at 1:07 PM, Byrd said:

There is a token. Check the Whitepaper...

"All participants will be required to support at least the CENTRE token (the CENT) for settlement."

So it is more of an RCL than an ILP?