W3C home > Mailing lists > Public > public-interledger@w3.org > February 2016

Community members contribution Interledger Protocol Workshop

From: Ira Higgins <irapaulhiggins@gmail.com>
Date: Tue, 2 Feb 2016 16:00:06 -0500
Message-ID: <CABz9ESFpi-3Dw3e5Mt+rk5ZX7Ur_iAKk_ZN-kmX1OJdXmiYEHA@mail.gmail.com>
To: public-interledger@w3.org

I am a digital currency enthusiast, and ILP supporter. I believe this
technology is poised to take the financial industry by storm, similar to
what has happened with the internet and the web, although at a more rapid
pace. Slow payments and slow settlements will be a thing of the
past;security and transparency will be exponentially enhanced. Having
worked extensively in the banking industry for the last 10 years, currently
as an independent consultant, I have my thumb on the pulse. I am glad to
see the regulatory involvement in Ripple as well as at this workshop. The
uncertainty and unfamiliarity of other virtual currency and technologies
such as BTC and ETH will hinder their growth until compliance and legal
becomes their foremost goal. I believe Ripple is on the forefront of this
approach and will no doubt be the first, if not only technology embraced as
a whole. One way in which I believe this process can be facilitated and
expedited is by integration into core banking software/platforms. Once
regulatory opinions, comments, and/or regulations have been
proposed/implemented, the next logical step for widespread implementation
is to start at the source of all banks' technological capabilities, the
core system. My contribution to this meeting is to recommend we start
talking about the need to approach industry leading core system providers
such as Fiserv and Jack Henry.

Thank you for allowing me to contribute to this exciting new technology and


Ira Higgins
Received on Wednesday, 3 February 2016 10:28:00 UTC

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