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https://www.startupdaily.net/2018/05/implementation-open-banking-scheme-begin-july-2019/

 

Then theres a link in the article in this paragraph Among those looking to capitalise on the open banking scheme will be fintech startup Volt, which was authorised as a restricted deposit-taking institution (ADI) by the Australian Prudential Regulation Authority (APRA). Which shows they will be doing it via VOLT and volt is partnered with Verrency , follow the gold brick road and you will also notice a statement talking about doing mortgages by 2020, which is starting to align with this view : http://instantpropertynetwork.com/ :)))))))))

 

 

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On 1/17/2018 at 12:05 AM, OzAlphaWolf said:

It's the NPP system. Based on IBM stuff, so more likely to be Stellar under the hood.

Is NPP a domestic system?

If so, then Australia would be doing a Stellar version of what Japan did with a "domestic RippleNet" type of set up.

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Um I think this is perhaps an over enthusiastic leap of faith.  

I believe NPP uses OSKO and neither Stellar nor XRP have anything to do with it. 

The open banking initiative is a broad adoption of data sharing to allow programmatic comparators and offers to benefit the consumer.  

Nothing related to XRP here as far as I can see.  

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ok Here is VOLT  right?

 

https://www.startupdaily.net/2018/05/digital-bank-volt-secures-restricted-authorised-deposit-taking-institution-licence/

Volts partners with verrency

https://www.fintechbusiness.com/payments/1058-volt-bank-inks-deal-with-verrency

https://www.verrency.com/interview-verrency-ceo-david-link-edge-financial-daily-malaysia/

quote from above^^^

"Besides that, it allows consumers to control multiple payment cards and devices — including wearables, cards and mobile wallets — from the bank’s mobile app, and facilitate the ability to load and spend digital currencies using non-custodial wallets, which are wallets that are owned by end-users rather than an exchange or a hot wallet.

Verrency also connects directly to the blockchain and is building connections to Ripple and Ethereum’s networks.

“This is to enable banks to easily connect their payment systems to their smart contracts and other distributed trust technology projects,” said Link, who also holds a global advisory role at Ripple."

 

https://australianfintech.com.au/australian-payments-innovator-verrency-partners-social-media-donation-platform-goodworld-increase-charitable-giving-worldwide/

 

https://www.fintechbusiness.com/blogs/1212-unpacking-open-banking-in-australia

 

Only a matter of time XRP writing on the wall .................you will see

Edited by btemtd

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23 hours ago, KarmaCoverage said:

Is NPP a domestic system?

If so, then Australia would be doing a Stellar version of what Japan did with a "domestic RippleNet" type of set up.

NPP is a domestic currency fast payments system. It's not Stellar. Don't know where I got that idea from. 

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I've heard that so many times, usually there's no dots to connect. Just because something says "payment" or "fintech", I don't immediately assume its ripple or xrp. If that were the case, we wouldn't be at 28 cents.

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