Thread by @moz3ph

#VISA outlines #Interoperability for #CBDC payments through a Universal Payments Channel (UPC)

Small thread on how it ties in to @quant_network.

theblockcrypto.com/post/119117/vi…

"The UPC protocol facilitates payments through an entity, called the UPC hub (or server — we use the terms interchangeably), which acts as a gateway to receive payment requests from registered sending parties and routes them to registered recipient parties,

#DLT #NoN

UPC is acting as a 'Gateway' between both #CBDCs which is the method that quant have taken with their API gateway #Interoperability solution.
"Ultimately, Visa aims for UPC to serve as a "network of blockchain networks" to move digital currencies around."

When it comes to interop, providing direct connection is extremely important, having one connector (-C-) is not recommended due to requiring the infrastructure in place for the connector.

Quant provides pure interoperability.

References in the #VISA document to #ODAP which is being worked on by Quant, MIT and others.

datatracker.ietf.org/doc/draft-harg…

'hub and spoke' reference which gilbert has referred to previously with quant being 'centre' indicating #OVL gateways.

Gilbert still maintains close connections with his colleauges at #Mastercard which has 30M+ merchants could possible create a similar payment system.

Still so much detail that i have not covered due to my lack of understanding. Quant FA is too Alpha.

Join @CQuamf to understand further.
t.me/councilofquamf