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GrayFox

Temenos - Real-time payments. The time is now

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43 minutes ago, mandelbaum said:

Are there any other company that delivers instant on demand liquidity-sourcing software like xRapid? 

IBM World Wire which uses Stellar network. Although it's Digital Asset Agnostic, meaning that can use XLM, stable coins or even XRP.

https://www.ibm.com/blockchain/solutions/world-wire

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1 minute ago, panmores said:

On another note, what to make of Ripple saying now they have some 100 customers, and a year ago also said they have about 100 customers?

 

Quote

 

The World's Number 1 Banking Software

Temenos only creates software for banking and finance. And we've been doing it for more than 25 years. This makes us true banking software specialists with deep domain knowledge and razor-sharp focus. We place our clients at the core of what we do. Everything starts and stops with our clients' goals – we can't meet our goals without meeting theirs.

Over 3,000 firms across the globe, including 41 of the top 50 banks, rely on Temenos to process the daily transactions of more than 500 million banking customers.

 

Instant switch flip with all those firms having access to RippleNet when it does happen ^ ;)

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11 minutes ago, icebreath said:

IBM World Wire which uses Stellar network. Although it's Digital Asset Agnostic, meaning that can use XLM, stable coins or even XRP.

https://www.ibm.com/blockchain/solutions/world-wire

Does this automatically source liquidity? Where does the liquidity come from? It says that you have to choose what bridge asset you want. How many exchanges have IBM teamed up with to do this?

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15 minutes ago, mandelbaum said:

Does this automatically source liquidity? Where does the liquidity come from? It says that you have to choose what bridge asset you want. How many exchanges have IBM teamed up with to do this?

I believe it uses market makers and LPs for liquidity. Obviously XLM is far behind in terms of liquidity and if any crypto will be used that will be XRP in most cases. 

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Sorry guys I didn't want to post a new thread as I have already bombarded you guys today with 2 posts. This video is from SIBOS and was uploaded yesterday and involves Paula da Silva, head of transaction services at SEB (nordic Ripple partner)

Question: And you mention cryptocurrencies just right then. What do you think will it take for cryptocurrencies to be widely used for let's say transactional banking?

Paula: I think it will be regulated one way or the other. It will have to be connected to the fiat currencies also one way or the other. Central banks are exploring it a lot right now especially in Asia but also the Swedish central bank is looking at the e-krona, we don't know if that's going to be based on DLT or blockchain but definitely it's an area that the central banks are exploring so this will converge I don't know how long it will take but still we have a few years ahead of us before it becomes the mainstream currency but I think it will come in one shape or form because we need something to harmonise the platform and have a level playing field where currency in the end is converted but while the transaction is there its not really a hindrance. So therefore its going to workout one way or the other. We have to wait and see.

 

The interview is worth a watch - 

 

Edited by GrayFox
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43 minutes ago, XRPzie said:

Don't know what xPool is. From what I can gather from the last financial crisis, the dollar liquidity proved risky as the US has to adhere to domestic policies and also international ones creating inflation and volatility.

From what the IMF is hinting at or what the world wants is a way to monitor liquidity in real time. 

A single world liquidity pool could probably solve a lot of problems for the IMF but it might create others. 

An interesting route the world is taking now is open banking and PSD2 and also the need for Interledger Protocol. Everything financial will end up being connected in one way or the other eventually. 

 

Is that going to eventually create one massive liquidity pool? Who knows, your guess is as good as mine.

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