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Domestic funds transfers

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22 minutes ago, Archbob said:

Most countries of implementing instant payments in some kind of RGS system. Here in the US, most are expected to adopt it by 2021(and no its not Ripplenet).

how do you know?

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https://www.theclearinghouse.org/payment-systems/rtp/

 

"The Clearing House is working with providers of core processing and payment services, bankers banks, and corporate credit unions to ensure that every financial institution in the U.S. has an easy way to access the RTP network by 2020."

 

The effort was started in 2014, years before Ripple first product, xCurrent, came out onto the market and makes no mention of Ripple in any documentation.

There was another article that said most of the banks are already on board and want the Fed to be hands-off in their adoption of this.

 

I doubt xRapid will be used much for domestic transfer within a country, you don't need to bridge anything in domestic transfers and you don't need Nostro/Vostro account for domenstic transfers. Even SBI is creating their own "S-Coin" to use for the domestic retail market in Japan.

 

Edited by Archbob

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Remember when the penny dropped that santa wasn't  real ... that sucked .

No more imaginary warm fuzzies of santa coming down the chimney that we didn't even have ......

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10 minutes ago, Helmsdeep said:

Remember when the penny dropped that santa wasn't  real ... that sucked .

No more imaginary warm fuzzies of santa coming down the chimney that we didn't even have ......

Wait.....Santa isn't real...?

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Na mate , turns out santa was a marketing gimmick used by Coca Cola but  nowadays just to keep retailers with shops and rent to pay alive .

Sorry 

The toothfairy is real though his name is Brad 

Edited by Helmsdeep

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15 minutes ago, Helmsdeep said:

Na mate , turns out santa was a marketing gimmick used by Coca Cola but  nowadays just to keep retailers with shops and rent to pay alive .

Sorry 

The toothfairy is real though his name is Brad 

 

giphy.gif

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