XRPboi 508 Posted August 7, 2019 Share Posted August 7, 2019 Settlement Infrastructure - June 2014 https://www.ripple.com/insights/ripple-labs-joins-nacha-alliance/ GiddyUp 1 Link to post Share on other sites
spiras 654 Posted August 7, 2019 Share Posted August 7, 2019 7 minutes ago, codiusrex said: “Technology Provider: @Ripple” ** Notice The Clearing House is not a technology provider. There’s no way the Fed could’ve come up with their new FedNow Service without @Ripple‘s participation in the FPTF for the last several years. Pat Thelen is VP of Strategic Accounts at Ripple. His job is to work with CLIENT (customer) engagement and satisfaction to ensure smooth interface with their services. If there is a question or a problem, they call Pat. Pat gets sh!t done. Pat is also one of only 3 at-large members. Seems like he's pretty important. djdhrubs, fiik, OzAlphaWolf and 1 other 4 Link to post Share on other sites
Archbob 958 Posted August 7, 2019 Share Posted August 7, 2019 25 minutes ago, codiusrex said: “Technology Provider: @Ripple” ** Notice The Clearing House is not a technology provider. There’s no way the Fed could’ve come up with their new FedNow Service without @Ripple‘s participation in the FPTF for the last several years. Yes, TCH is actually one of the "Payment Network Operators". Link to post Share on other sites
ADingoAteMyXRP 3,617 Posted August 7, 2019 Share Posted August 7, 2019 (edited) I totally forgot about this May announcement. Holy ****... if plumbing wasn’t Ripple there would be no reason to include them on this council at all, let alone give them one of three at-large member spots with more voting rights. I guess there’s a scenario where FedNow isn’t Ripple but they’re being heavily consulted for payments expertise. But then you would give that seat to someone else, right? Unless they’re looking forward to the cross-border stuff and interoperability... Trying to find a way to unconvince myself they’re involved in FedNow but coming up short. EDIT: The Clearing House has been very salty about FedNow on Twitter so they’re definitely not providing the tech. Edited August 7, 2019 by ADingoAteMyXRP ObeyTheWafflehouse, XRPboi and GiddyUp 3 Link to post Share on other sites
OzAlphaWolf 11,537 Posted August 7, 2019 Share Posted August 7, 2019 1 hour ago, Archbob said: Yes, TCH is actually one of the "Payment Network Operators". Yes, 'external' payment network operator. All these networks need to interoperate so the fed solution has to work with them. ADingoAteMyXRP 1 Link to post Share on other sites
quan 187 Posted August 7, 2019 Author Share Posted August 7, 2019 (edited) Ripple the plumber Edited August 7, 2019 by quan Link to post Share on other sites
OzAlphaWolf 11,537 Posted August 7, 2019 Share Posted August 7, 2019 Quote We are proud of our strong record of cooperating with and supporting private-sector services, while fostering competition for public benefit. We have provided vital support to the sole private-sector provider of real-time settlement for faster payments, and we will continue to do so. The Federal Reserve provided a joint account to enable the private-sector operator to offer real-time payments. Taking into account surrounding context, I suspect this actually refers to a current arrangement with The Clearing House. ADingoAteMyXRP 1 Link to post Share on other sites
ADingoAteMyXRP 3,617 Posted August 7, 2019 Share Posted August 7, 2019 (edited) 20 minutes ago, OzAlphaWolf said: Taking into account surrounding context, I suspect this actually refers to a current arrangement with The Clearing House. Which would explain why TCH is upset about FedNow. They’re getting support from the Fed but the Fed is developing a new system anyway. Edited August 7, 2019 by ADingoAteMyXRP GiddyUp, XRPboi and OzAlphaWolf 3 Link to post Share on other sites
XRPboi 508 Posted August 7, 2019 Share Posted August 7, 2019 TCH runs on Ripple tech as well, as far as I can remember Link to post Share on other sites
Archbob 958 Posted August 7, 2019 Share Posted August 7, 2019 (edited) 16 minutes ago, XRPboi said: TCH runs on Ripple tech as well, as far as I can remember No, it doesn't. Someone just made that up. He basically said "I believe its ripple, even though I don't have any evidence". There were 16 proposed solution to the fed for FedNow, the fed even ranked them. TCH and ripple are seperate and not 1 solution: Edited August 7, 2019 by Archbob Tyvole 1 Link to post Share on other sites
quan 187 Posted August 7, 2019 Author Share Posted August 7, 2019 (edited) 13 hours ago, Archbob said: No, it doesn't. Someone just made that up. He basically said "I believe its ripple, even though I don't have any evidence". There were 16 proposed solution to the fed for FedNow, the fed even ranked them. TCH and ripple are seperate and not 1 solution: Just a reminder, this score is from 2016. And the market sentiment has changed from 2017. And ripple is the only company that utilizes digital asset with its value coming from the utility. Unlike the other company’s (from the list) asset that is backed by the central authorities. Edited August 7, 2019 by quan GiddyUp, XRPboi and Roaring_Twenties 3 Link to post Share on other sites
XRPboi 508 Posted August 7, 2019 Share Posted August 7, 2019 10 hours ago, Archbob said: No, it doesn't. Someone just made that up. He basically said "I believe its ripple, even though I don't have any evidence". There were 16 proposed solution to the fed for FedNow, the fed even ranked them. TCH and ripple are seperate and not 1 solution: You'll so notice nearly all the banks at the end are Ripple customers GiddyUp and ADingoAteMyXRP 2 Link to post Share on other sites
GiddyUp 4,029 Posted August 7, 2019 Share Posted August 7, 2019 18 hours ago, XRPboi said: Settlement Infrastructure - June 2014 https://www.ripple.com/insights/ripple-labs-joins-nacha-alliance/ XRPboi 1 Link to post Share on other sites
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