The Clearinghouse - Competition or Opportunity?

[alegato 58]

Not sure if this has been posted before but for those of you who aren't familiar with the clearinghouse, it's worth your time to familiarize yourself with what it is, does, and operates within the banking system.

The Clearinghouse

 

More interestingly, check out what they are developing for the future. Payment Systems

 

Also, an article by Peter Andrew Davey, head of Payment Innovation at the Clearinghouse  Blockchain for Banking

Edited January 24, 2019 by alegato
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[KarmaCoverage 3,376]

14 minutes ago, alegato said:

More interestingly, check out what they are developing for the future. Payment Systems

This all looks domestic USD Real Time payments oriented. Their "Secure Token Exchange (STE)" would be like running an institutional gateway and issuing USD on to the XRPLedger on behalf of the banks so they dont have to do it directly.... but I dont think they mean "crypto" when they say "tokenization" .

This is from their STE How it Works.

[Bettergoham 166]

It is an opportunity, the clearing house is a domestic settlement network.  The way I see it, each country will have their own RTGS system up and running by 2021ish with API capabilities.  This will allow for multiphop connectivity to ripplenet.

[zenkert 14,054]

Let´s see what happens.

[Armanius 607]

Garlinghouse>Clearinghouse