VanGogh Posted June 22, 2019 Share Posted June 22, 2019 4 hours ago, Erik156 said: As SWIFT said, it's do or die I'm betting on the "die" part. GiddyUp, MegaNerd and Babelly 3 Link to comment Share on other sites More sharing options...
Archbob Posted June 22, 2019 Share Posted June 22, 2019 2 hours ago, Julian_Williams said: Isn't this and upgrade of GPI to compete better against Xcurrent than XRapid? I would guess it is unlikely to be as good as XCurrent which has been tested and upgraded several times and it now well established as secure, fast and accurate. "We will enable gpi payments to be initiated within trade workflows, automatically passing them on to the banking system" passing them on to the banking system - which is on the R3 platform which includes XRapid settlement service Surely this is SWIFT following Ripple innovation and integrating with Ripple/XRP? R3 and Corda settler doesn't actually have X-rapid. R3's corda option actually settles in pure XRP. We were wondering why it wasn't using x-rapid when it first came out. R3 also now has a POC project with SWIFT which settled using correspondent banks on pure fiat rails which is what I'm guessing this is. quetzalcoatl 1 Link to comment Share on other sites More sharing options...
aye-epp Posted June 22, 2019 Share Posted June 22, 2019 1 hour ago, VanGogh said: I read that it is down to a few days now. I'm pretty sure it has to do with XCurrent 4.0. I can't remember exactly where I read that but I think it was Garlinghouse who said it. Could be wrong. If I can find it I'll paste it. I heard it at the end of The Ripple Drop Episode 13, from Craig DeWitt CrypToe, VanGogh, mathesmith and 2 others 5 Link to comment Share on other sites More sharing options...
jlr Posted June 22, 2019 Share Posted June 22, 2019 We already have a thread with the very same topic: Link to comment Share on other sites More sharing options...
MegaNerd Posted June 22, 2019 Share Posted June 22, 2019 Oh brother. Is this already turning into another, "They must be partnering with Ripple because Im invested in XRP and thats the only thing that makes sense to me?" panmores, LetHerRip and Cooliozxrp 1 2 Link to comment Share on other sites More sharing options...
MrClamtastic Posted June 22, 2019 Share Posted June 22, 2019 Wow. Could they steal more buzzwords from Brad? Link to comment Share on other sites More sharing options...
Archbob Posted June 22, 2019 Share Posted June 22, 2019 (edited) 5 hours ago, MegaNerd said: Oh brother. Is this already turning into another, "They must be partnering with Ripple because Im invested in XRP and thats the only thing that makes sense to me?" Yeah, its basically this. If you read the paper they included, its basically an extension of the PoC project that they have been doing with R3 since the start of the year. I've basically learned from the last year and a half that if the paper or article does not mention XRP use specifically, then X company is not using XRP. There have been way too many false flags the last year. Edited June 22, 2019 by Archbob quetzalcoatl 1 Link to comment Share on other sites More sharing options...
WhentheBoat_ComesIn Posted June 23, 2019 Share Posted June 23, 2019 On 6/22/2019 at 11:36 AM, Julian_Williams said: Surely this is SWIFT following Ripple innovation and integrating with Ripple/XRP? Via Corda Settler, yes. Link to comment Share on other sites More sharing options...
elias Posted June 23, 2019 Share Posted June 23, 2019 8 minutes ago, WhentheBoat_ComesIn said: Via Corda Settler, yes. I don't understand how people are interpreting this otherwise. Link to comment Share on other sites More sharing options...
Archbob Posted June 23, 2019 Share Posted June 23, 2019 (edited) 6 hours ago, elias said: I don't understand how people are interpreting this otherwise. The paper is about the PoC project with R3, which both R3 and SWIFT have said does not involve digital assets. You guys do realize that when SWIFT partnered with Corda on their PoC project, Corda gained the ability to settle via fiat over the correspondent banking system right? Edited June 23, 2019 by Archbob elias 1 Link to comment Share on other sites More sharing options...
elias Posted June 23, 2019 Share Posted June 23, 2019 1 hour ago, Archbob said: The paper is about the PoC project with R3, which both R3 and SWIFT have said does not involve digital assets. Do you think this is Corda but with XRP settlement disabled? 1 hour ago, Archbob said: You guys do realize that when SWIFT partnered with Corda on their PoC project, Corda gained the ability to settle via fiat over the correspondent banking system right? Doesn't RippleNet also offer the option of fiat? Cesar1810 1 Link to comment Share on other sites More sharing options...
Archbob Posted June 23, 2019 Share Posted June 23, 2019 (edited) Yes, Ripplenet does offer the option of fiat, but we are talking about the PoC project here, this isn't about Ripplenet. If you read the paper: https://www.swift.com/future-of-payments This is about the R3 project and Swift GPI. Not Ripple and XRP. Edited June 23, 2019 by Archbob Link to comment Share on other sites More sharing options...
elias Posted June 23, 2019 Share Posted June 23, 2019 5 minutes ago, Archbob said: Yes, Ripplenet does offer the option of fiat, but we are talking about the PoC project here, this isn't about Ripplenet. If you read the paper: https://www.swift.com/future-of-payments This is about the R3 project and Swift GPI. Ripple and XRP. Do you think this is Corda? Link to comment Share on other sites More sharing options...
Archbob Posted June 23, 2019 Share Posted June 23, 2019 (edited) 3 hours ago, elias said: Do you think this is Corda? Yes, Corda plugs into SWIFT GPI to allow settlement via SWIFT's system. More details about the process can be found here: https://www.swift.com/news-events/news/swift-to-bring-benefits-of-gpi-to-dlt-and-trade-ecosystems Specifically the combination with R3 will: - authorise payments from their banks via gpi Link; - settle gpi payments through their bank; and - receive credit confirmations on the respective trade platforms via gpi Link on completion. It goes directly via the banking system and not through bridge assets. Edited June 23, 2019 by Archbob cryptoxrp, Luinorn and elias 3 Link to comment Share on other sites More sharing options...
elias Posted June 24, 2019 Share Posted June 24, 2019 22 minutes ago, Archbob said: Yes, Corda plugs into SWIFT GPI to allow settlement via SWIFT's system. More details about the process can be found here: https://www.swift.com/news-events/news/swift-to-bring-benefits-of-gpi-to-dlt-and-trade-ecosystems Specifically the combination with R3 will: - authorise payments from their banks via gpi Link; - settle gpi payments through their bank; and - receive credit confirmations on the respective trade platforms via gpi Link on completion. It goes directly via the banking system and not through bridge assets. So gpi/fiat is another settlement option for Corda. But if SWIFT is pushing Corda adoption isn't that good for XRP, because XRP is already a settlement option for Corda? Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now