Archbob Posted June 24, 2019 Share Posted June 24, 2019 I don't think their customers will really see that option, the system probably integrate into R3 automatically to process through blockchain. It also gives Corda users another option to XRP. I'd say its pretty neutral overall. Unless they integrate XRP into it. That's a long ways off though. Link to comment Share on other sites More sharing options...
elias Posted June 24, 2019 Share Posted June 24, 2019 4 hours ago, Archbob said: I don't think their customers will really see that option, the system probably integrate into R3 automatically to process through blockchain. It also gives Corda users another option to XRP. I'd say its pretty neutral overall. Unless they integrate XRP into it. That's a long ways off though. If Corda is hidden behind GPI, then what is the purpose of it? If GPI is a simply another settlement option for Corda, then XRP is already integrated into Corda for that purpose. Link to comment Share on other sites More sharing options...
Cooliozxrp Posted June 24, 2019 Share Posted June 24, 2019 This has nothing to do with xrp. LetHerRip and yxxyun 2 Link to comment Share on other sites More sharing options...
Archbob Posted June 24, 2019 Share Posted June 24, 2019 27 minutes ago, elias said: If Corda is hidden behind GPI, then what is the purpose of it? If GPI is a simply another settlement option for Corda, then XRP is already integrated into Corda for that purpose. Its business for R3 to have SWIFT run through it. R3 has alot of functions, its not all about Ripple or XRP. Link to comment Share on other sites More sharing options...
elias Posted June 24, 2019 Share Posted June 24, 2019 (edited) 5 hours ago, Archbob said: Its business for R3 to have SWIFT run through it. R3 has alot of functions, its not all about Ripple or XRP. Thanks for your replies. I have to admit, none of this makes any sense to me. As far as I can tell, you are saying this is NOT Corda as such but rather some bespoke proprietary code R3 and SWIFT have created that may use parts of Corda but not all of it. Specifically the XRP settlement module has been replaced by a SWIFT/GPI fiat module that will never appear in the github repo. Hopefully that's close enough. Edited June 24, 2019 by elias Link to comment Share on other sites More sharing options...
OzAlphaWolf Posted June 25, 2019 Share Posted June 25, 2019 On 6/24/2019 at 3:13 PM, Cooliozxrp said: This has nothing to do with xrp. Jasil, is that you? Yodaxrp, Zerp_Legend, Cesar1810 and 2 others 5 Link to comment Share on other sites More sharing options...
Cooliozxrp Posted June 25, 2019 Share Posted June 25, 2019 1 hour ago, OzAlphaWolf said: Jasil, is that you? Not sure who is that but accusing this kind of stuff is quite childish Zerp_Legend and Cesar1810 2 Link to comment Share on other sites More sharing options...
OzAlphaWolf Posted June 25, 2019 Share Posted June 25, 2019 9 minutes ago, Cooliozxrp said: Not sure who is that but accusing this kind of stuff is quite childish JoelQuinn, Cesar1810, Yodaxrp and 2 others 1 4 Link to comment Share on other sites More sharing options...
cryptoxrp Posted June 26, 2019 Share Posted June 26, 2019 A slightly better explanation? Title: "SWIFT to Allow GPI Payments on Blockchain Platforms" "In the report, SWIFT revealed that it will soon allow GPI payments on DLT-base platforms. The product will purportedly increase savings in reconciliations and boost the movement of collateral. The announcement follows a proof-of-concept (PoC) of a new gateway to interlink trade and e-commerce platforms with GPI, which the organization launched in collaboration with enterprise blockchain platform R3 in January. The product is designed to connect various trade platforms to GPI members, allowing end-to-end payment tracking, payment authentication, and credit confirmation." Sounds to me as SWIFT is trying to make GPI more like Xcurrent....? Source: https://cointelegraph.com/news/swift-to-allow-gpi-payments-on-blockchain-platforms Cesar1810 and Donkey 2 Link to comment Share on other sites More sharing options...
Rrms Posted July 2, 2019 Share Posted July 2, 2019 Donkey 1 Link to comment Share on other sites More sharing options...
Dario_o Posted July 2, 2019 Share Posted July 2, 2019 SWIFT's GPI can be used with R3 Corda Last week, SWIFT, which operates an international remittance system, announced that it would allow blockchain companies to use the Global Payments Innovation (GPI) platform for real-time payments. In a report released last weekend, SWIFT stated that "GPI payments will soon be possible with DLT (Distributed Ledger Technology) -based trading platform" after a successful proof of concept with the R3's Corda platform. The In addition, SWIFT explained that GPI solves the "payment problem" faced by the DLT platform, and payments using this system will be initiated within the transaction workflow and automatically sent to the banking system. SWIFT's GPI starts in 2017, a series of business scales encoded on the company's existing infrastructure to enable instant delivery of international remittances, clearing of fees, the possibility of tracking remittance processing, and more. Was released. According to the report, 55% of SWIFT's cross-border payments are currently made via GPI, and the payment flow is over $ 40 trillion. "About half of them reach customers who are the ultimate beneficiaries within minutes, and all in 24 hours," the report states, and all cross-border payments in SWIFT Within two years "all will be done through GPI. As of January this year when proof of concept was launched, SWIFT will monitor payment flow and connect GPI Link gateway to R3's Corda platform to support application programming interfaces (APIs) as well as SWIFT and ISO standards Then I explained. At the time, R3 CEO David E. Rutter says: “Following Corda Settler's announcement of paying for debt generated by the Corda platform, plugging in SWIFT GPI was a logical extension. SWIFT GPI is a new standard for rapidly settling payments worldwide. So, all blockchain applications running on Corda are delivered via SWIFT GPI Bank and can benefit from fast, secure and transparent payments. " It is also noteworthy that R3 has begun testing Corda Settler's payment engine with Ripple's XRP. Although still in testing, the combination of the Corda blockchain's distributed ledger technology and Ripple's remittance mechanism is likely to create many new business cases that were not possible before. In any case, R3 has been clear from the outset that this technology is designed to interoperate with a variety of payment systems, and has increased the prospects for future growth. Cesar1810 and Donkey 2 Link to comment Share on other sites More sharing options...
AB196 Posted July 4, 2019 Share Posted July 4, 2019 (edited) I may be wrong but I think SWIFT is using ChainLink. They think they don't need XRP. Let me know if you folks have any clue. ChainLink is collaborating with Oracle. Edited July 4, 2019 by AB196 Dario_o and XRPboi 1 1 Link to comment Share on other sites More sharing options...
Scout Posted July 4, 2019 Share Posted July 4, 2019 (edited) Corda is the bridge between FIAT and any payment rail including digital assets. Now that Swift has GPI and Corda can settle with GPI they don't need XRP at all. Anyone who is fed up with the Swift network can choose to settle with XRP instead of GPI as they are direct competitors. But at the moment GPI doesn't settle with crypto as it mimics XCurrent using a messaging service with Nostro / Vostro accounts. Where as XRapid will handle everything without the need to pool different currencies. So it will all come down to choice (functionality, security, speed & price). I suspect XRP will be the cheapest and fastest once XRP's liquidity is high enough to handle large transactions. But Ripple will have to win over their clients one at a time. If GPI integrates a comparable Xrapid service for GPI then it's game over for XRP. The clock is ticking! Edited July 4, 2019 by Scout Link to comment Share on other sites More sharing options...
Dario_o Posted July 4, 2019 Share Posted July 4, 2019 2 hours ago, Scout said: Ripple will have to win over their clients one at a time. You didn't read about Multihop then https://ripple.com/insights/siam-commercial-bank-pioneers-ripplenets-multi-hop-feature/ Scout and Cesar1810 1 1 Link to comment Share on other sites More sharing options...
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