European Central Bank launching its allegedly Ripple powered instant payment service next month

[Youngster]

https://globalcoinreport.com/allegedly-ripple-powered-ecb-instant-payment-service-tips/

Edited October 25, 2018 by karlos
title

[mandelbaum]

I see Globalcoinreport quoted a lot, are they reliable? If this is true it's game set and match, I simply cannot believe it.

[knull]

allegedly

[JA8]

13 minutes ago, Magickarp said:

allegedly

Yes... and again, if Ripple is involved, I see zero reason why they would keep this a secret. I hope to be surprised.

[Kpuff]

I had high hopes until I saw the famous "multiple anonymous sources" crap.

[Guest]

first paragraph is a clusterf*ck of gibberish -- stopped reading there

[Trickery]

5 minutes ago, zerpdigger said:

first paragraph is a clusterf*ck of gibberish -- stopped reading there

It didn't get any better after the first paragraph, I'm convinced globalcoinreport is a bot programmed by a drunk imbecile on drugs.

[mandelbaum]

https://www.ecb.europa.eu/paym/target/tips/html/index.en.html

Quote

Pricing

TIPS will operate on a full cost-recovery and not-for-profit basis. The Eurosystem will offer the service at a price of no more than 0.20 eurocent (€0.002) per instant payment transaction for at least the first two years of operation. The entry and the account maintenance fees will be set at zero.

That is interesting, 0.0023 USD is the maximum price for any transaction.

Edited October 25, 2018 by mandelbaum

[cryptoxrp]

That is RT-1 (Ripplenet connected pan european network by EBA Clearing) being attached to TIPS and SWIFT ‘fast payment network’. All in the planning for november 2018.

Edited October 26, 2018 by cryptoxrp

[scoobysi]

without knowing the technical details (or what I'm looking at if I got them) I will remain very sceptical this will be ripple or XRP powered as the UK already does instant payments. I know I know this isn't cross border payments, but equally Europe is very little of that from a currency point of view. We'll see but as I say this is not one I'm basing my investment on.....

[kenrino]

globalcoinreport cr*p, this is not ripple and it has already been discussed on (at least) two topics

Edited October 26, 2018 by kenrino

[Youngster]

Kenrino could you point those discussions/ topics out for me?? Cant seem to find them on here!

 

[ON_eVolutions]

You can write apps, convince banks, confront with regulators...etc etc.. or you tackle the problem at its foundation ..

 

https://www.europeanpaymentscouncil.eu/news-insights/insight/ripple-internet-protocol-inter-bank-payments

[LetHerRip]

The source site is a know fake news/BS rumor site, this stuff is made up for the clicks and views. 

[ON_eVolutions]

almost 10 month later with a grin.. what you think ECB is doing now ?