The Currency Analytics
By Steven Anderson
IBM and Ripple are already targeting centralized payment messages network, SWIFT. There are other players in the blockchain payment world.
Corda Settler was launched in the past year by R3. The platform used Ripple's XRP.
SWIFT announced a partnership with R3 in January. They were collaborating to test the Corda Settler. They were focusing to “integrate gpi with Corda Settler.”
The Corda Settler depends on the XRP and therefore SWIFT and Ripple as rivals get to indirect connection. Will, that work?
Corda Settler focuses on providing companies with secure, fast and reliable ways in which they can move the crypto and other traditional assets on the distributed ledger.
With Ripple's XRP as a base currency, the Dapp from Corda Settler will facilitate enterprise blockchain network.
Richard Gendal Brown, CTO at R3 stated, “The goal of widespread acceptance and usage of digital assets to transfer value can thus be achieved.”
David Rutter, CEO of R3 stated, “The Corda Settler is agnostic to which payment method is used.
He also previously clarified that they do not have financial incentives either this way or another.
While in the primary stages of development, they are supporting all sorts of payments for settlement.
Payment obligations are facilitated for cryptographic proof of settlement, vide traditional rail.
When a payment obligation arises, parties can now optionally require settlement using XRP. A settlement in XRP can be required.