Ripple payment protocol: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
(Classify page.) |
||
(2 intermediate revisions by 2 users not shown) | |||
Line 4: | Line 4: | ||
<span style="color:#4B0082">'''''SWIFT v Ripple - cross-border payments'''''</span> | :<span style="color:#4B0082">'''''SWIFT v Ripple - cross-border payments'''''</span> | ||
:"One possible practical application of blockchain technology has been identified as payments - specifically, cross-border payments. | :"One possible practical application of blockchain technology has been identified as payments - specifically, cross-border payments. | ||
Line 27: | Line 27: | ||
* [[SWIFT gpi]] | * [[SWIFT gpi]] | ||
[[Category:Financial_products_and_markets]] | |||
[[Category: |
Latest revision as of 01:25, 24 January 2024
Blockchain - cross-border payments
Ripple is a peer-to-peer protocol for cross-border payments, with no central hub.
- SWIFT v Ripple - cross-border payments
- "One possible practical application of blockchain technology has been identified as payments - specifically, cross-border payments.
- Currently, there are two principal approaches being taken: SWIFT gpi with a hyperledger protocol (a closed private blockchain), and Ripple with an interledger protocol (peer-to-peer with no central hub).
- There are pros and cons to both approaches..."
- The Treasurer magazine, September/October 2017, p11 - Technical Briefing.