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Exciting update from ILP: Interledger joins the JavaScript Foundation


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"We can’t wait to see what awesome use cases we’ll see over the next year around micropayments, financial access, remittance and beyond.”

XRP use for Micropayments.......???

Am I reading this right?

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22 minutes ago, TPM said:

XRP use for Micropayments.......???

Am I reading this right?

That's not particularly new. In more than one occasion, Chris Larsen talked about how low value, high volume cross border payments transfer, is a major pain point for banks and how ILP can solve this problem as a first phase use case. The second phase application will be when IoT becomes wide spread where devices of all shapes and types can get plugged into the internet and transact with one another using a common protocol like ILP to transfer perhaps very low values (fraction of a fraction of a cent). 

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23 hours ago, TPM said:

ARTICLE QUOTE

"We can’t wait to see what awesome use cases we’ll see over the next year around micropayments, financial access, remittance and beyond.”

XRP use for Micropayments.......???

Am I reading this right?

With Payment Channels coming soon to RCL and a couple micropayment demos using ILP that have been shown off in the past 9 months, using a Ripple-centric solution for micropayments is a very real possibility. Whether XRP will be involved in a significant volume of total micropayments (just like other use cases of XRP) is still an open question and will likely remain one for at least a couple years. We'll have to wait for some "real" usage to see if it'll catch on or not.

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I don't think the Ripple community (or the broader crypto community) fully understands how big a deal this is... The 12 bank trial was great, but with this announcement we can be sure that ILP isn't going away any time soon. Move over, it's going to expose the broader CS and development community to ILP regardless of their particular interest in crypto. In hindsight I think this will be seen as a tipping point. 

http://www.zdnet.com/article/the-linux-foundation-strives-to-unite-open-source-javascript-community/

Edited by cmbartley
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5 minutes ago, cmbartley said:

I don't think the Ripple community (or the broader crypto community) fully understands how big a deal this is... The 12 bank trial was great, but with this announcement we can be sure that ILP isn't going away any time soon. Move over, it's going to expose the broader CS and development community to ILP regardless of their particular interest in crypto. In hindsight I think this will be seen as a tipping point. 

http://www.zdnet.com/article/the-linux-foundation-strives-to-unite-open-source-javascript-community/

Yes this is HUGE news and its great, but what W3C is doing with Web Payments 1.0 is bigger and better, It will make ILP the standard for online payments. Hints Ripple will be the backbone of all web payments.

Edited by RedDragon
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