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MAYUR

RABOBANK WILL DISCLOSE ABOUT THEIR NEW RIPPLE PRODUCT IN PRODUCTION AT SIBOS

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1 hour ago, Spartaksus said:

....we could not guarantee enough privacy for our clients.....What? :scratch_one-s_head:But still better than legendary Western Union 10 transactions pilot. ?

This was because Ripple was still using the gateway model back then. All the transactions where visible on the XRPL.

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32 minutes ago, Danny said:

"A consortium of seven large European banks, including Rabobank, has chosen IBM to build a joint blockchain network."
https://www.rabobank.com/nl/press/search/2017/20170627-consortium-blockchainnetwerk.html (dutch website)

Het Digital Trade Chain-netwerk wordt gebouwd op Hyperledger Fabric v1.0.0, een open source blockchain structuur en een van de vijf Hyperledger-projecten van de Linux Foundation.

 

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16 minutes ago, Ripple-Stiltskin said:

Het Digital Trade Chain-netwerk wordt gebouwd op Hyperledger Fabric v1.0.0, een open source blockchain structuur en een van de vijf Hyperledger-projecten van de Linux Foundation.

 

Uni Credit is partnered with Ripple ? ....Société Générale is also part of "JPMorgan’s blockchain payments ‘party’""...Where Santander is also part of...https://www.businessinsider.nl/75-banks-join-jpmorgan-led-blockchain-payment-project-interbank-information-network-2018-9/?international=true&r=US

Interesting times ahead....

"The FT reported on Tuesday that lenders including Santander and Societe Generale are testing the Interbank Information Network (IIN). JPMorgan built the information sharing programme on its own proprietary blockchain platform, Quorom, and has been testing it with a handful of lenders since October 2017.

IIN is a shared ledger for cross-border payments that allows banks to quickly and easily add or correct information necessary for payments sent between banks. It competes with legacy platforms such as SWIFT and new startups like Ripple."

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  1. That is the fear. Intrenched companies will have time to develop their own tech to compete with ripple. It leads to a matter common trusted names. As dirty as folks speak of large bank power. Smaller banks are use to working with them. So ripple has to compete with for the trust of long standing relationships. Time is no longer on our side. The correction aspect is what seems to be lacking on the XRP ledger. That said if Xrapid allows for complete checks prior to sending then safety increases from the aspect of human error. Always been a concern of mine is can Xrapid/Xvia/Xcurrent can correct for human error that would be huge.

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We.trade seems to be a different use case (trades within Europe in stead of global cross border payments). So totally fine, good even for some blockchains make it to actual use cases. Should they desire to scale it globally the issue of settlement across a variety of corridors will surface. Ripplenet will be at full steam by that time and happy to offer an xVia connection ;).

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