XRP provides a discount using ILP?

[cryptoclub]

Just a quick question, the design of ILP offers a discount for payments if they opt to use XRP, is this correct, and if so how much of a discount? Thank you.

[T8493]

10 hours ago, cryptoclub said:

Just a quick question, the design of ILP offers a discount for payments if they opt to use XRP, is this correct, and if so how much of a discount? Thank you.

ILP doesn't offer any "discounts". Market makers/connectors *could* (in theory) offer better exchange rates/lower fees if banks decide to use XRPs.

Edited November 28, 2016 by T8493

[winthan]

5 hours ago, cryptoclub said:

Just a quick question, the design of ILP offers a discount for payments if they opt to use XRP, is this correct, and if so how much of a discount? Thank you.

By having ILP nodes, you could earn only from fees. 

[RedDragon]

Quote

Ripple and XRP Can Cut Banks’ Global Settlement Costs Up to 60 Percent

https://ripple.com/insights/ripple-and-xrp-can-cut-banks-global-settlement-costs-up-to-60-percent/

So yes using Ripple/XRP/ILP there will be huge savings...

[Hodor]

13 hours ago, cryptoclub said:

the design of ILP

Technically, I think the answer is no, there is nothing in the outright design to offer some sort of "kickback" or "discount".  Anybody else feel free to correct me on that!  (It would be a welcome surprise)

However, there are inherent value propositions to using XRP:

5 hours ago, RedDragon said:

https://ripple.com/insights/ripple-and-xrp-can-cut-banks-global-settlement-costs-up-to-60-percent/

So yes using Ripple/XRP/ILP there will be huge savings...

Yes!  @RedDragon