Thread by @Kevin_Cage_

1) THREAD *What We Know*

Finastra (Ripple Partner) - 48 of Top 50 Banks in the World. 9,000 customers/130 Countries. Ripple integrated their global payment services hub (GLOBAL PAYPLUS) w Ripple's DLT as FOUNDATION for further disruptive payments innovation

2) 63% of banks are collaborating with fintechs on distributed ledger technologies and APIs* - Found by @xrp_owl
finastra.com/news-events/pr…

finastra.com/news-events/ev…

3) Finastra’s PayPlus is leading solution used by CLS for FX Settlement (Ripple/R3 Partner)
cls-group.com/partnerships/f…

finastra.com/sites/default/…

CLS transacts over 50% of FX Settlement Volume (trillions)
cls-group.com/products/data/…

4) DTCC (w/ help of Accenture, Digital Asset, & R3) specifically said, regarding DLT, they will be using CLS for Settlement. DTCC working on many other Intra-Network DLT Initiatives unrelated to settlement so don’t worry about those. Focus is on CLS right now.

5) r3.com/press-media/dt…

dtcc.com/news/2018/octo…

businesswire.com/news/home/2006…

Former DTCC CEO, Don Donahue, is a Ripple Advisor
ripple.com/ripple_press/r…

6) State Street connected w/ Finastra & Temenos (holds $30 Trillion, more than 10% of world’s total assets). FIS was contender w/ a Bid as well to be their tech provider.

fortune.com/2019/10/02/ban…

7) How many Institutionally-Backed Fintechs (Ripple) or Consortiums (R3) do you know that Utilize DLT?

A Digital Asset transfers value over DLT. A very liquid asset offers > benefits than current payment rails.

cointelegraph.com/news/what-is-t…

8) Stable Coins & Permissioned Tokens do NOT solve the problem of trust or interoperability between various silos. Eventually walled gardens have to interact between themselves. Hence, a bridge is needed somewhere.

9) Although DTCC most likely will use their own in-house token/permissioned network, some of that value would still have to run over CLS for FX Settlement -> Finastra’s Ripple Integrated Platform, PayPlus, when settling FX Txns, right?)

10) Just asking questions & speculation. Will be interesting to see how this all ends up.

Let me know your thoughts down below, please

Credit to all researchers below & many more (NOT MY FINDINGS, JUST SHARING): coil.com/p/IamLegion/Th…

@iamlegion: coil.com/u/IamLegion

@fame21moore: youtube.com/channel/UC8WzU… & patreon.com/user?u=22374899

@xrp_owl: youtube.com/channel/UCYXve…

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