Why I'm super bullish on $XRP right now.
It was confirmed that when they mention instant settlement, that has to include XRP in Ripplenet. I wasn't sure if that could achieved with traditional nostro/vostro but apparently not. It HAS to include XRP settlement.
1/6
It was confirmed that when they mention instant settlement, that has to include XRP in Ripplenet. I wasn't sure if that could achieved with traditional nostro/vostro but apparently not. It HAS to include XRP settlement.
1/6
Finastra has a solution called "Ripplenet via Fushion Total Messaging" where Finastra's customers can implement Ripplenet. finastra.com/sites/default/…
It's clear that emphasis is on instant settlement. It thus has to mean settling using XRP.
2/6
It's clear that emphasis is on instant settlement. It thus has to mean settling using XRP.
2/6
That is the big selling point as you see being highlighted. Finastra as we know it is huge. 10,000 customers. 90 of the World's largest banks are Finastra customers. They have over 10,000 employees.
"with a target processing time of one million transactions per hour."
3/6
"with a target processing time of one million transactions per hour."
3/6
If you do some calculations that would mean 277 transactions per second. For reference, if you cut down the amount of SWIFT payments being sent, that would be around 470 per second globally.
bankinginfotech.com/finastra
4/6
bankinginfotech.com/finastra
4/6
This is how I believe mass adoption of XRP is done in the banking system. Signing up one customer at a time takes too long time.
Since Finastra's customers can utilize Ripplenet (with XRP settlement) you can achieve mass adoption much faster.
5/6
Since Finastra's customers can utilize Ripplenet (with XRP settlement) you can achieve mass adoption much faster.
5/6
It reminds me of another strategy that we've heard about. But instead of SWIFT we have Finastra's customers who have easy access to Ripplenet.
Finastra handles integration of Ripplenet to banks. This is how you can get mass adoption of ODL by banks.
6/6
Finastra handles integration of Ripplenet to banks. This is how you can get mass adoption of ODL by banks.
6/6
and it's just not Finastra, others as well... but how many options do you have if you wish to have instant settlement?
How many of Volpay's solutions can bring you instant settlement?
volantetech.com/payments/cross…
How many of Volpay's solutions can bring you instant settlement?
volantetech.com/payments/cross…
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