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Re: Will ILP go live on October 1?

From: Stefan Thomas <stefan@ripple.com>
Date: Thu, 15 Sep 2016 19:03:19 -0700
Message-ID: <CAFpK0Q2=jSrH6Xb_FQfFP_yk4WHQZox0m2465VTMgGXhoD0rYQ@mail.gmail.com>
To: win than aung <winthan@chomeaye.com>
Cc: Interledger Community Group <public-interledger@w3.org>
What the article is referring to is that Ripple's bank customers will be
moving real money through ILP-powered Ripple products starting Oct 1st.

Note that we were developing ILP internally for some time before we decided
that it should become open standard and released the white paper. For now
the commercial implementation of ILP inside of Ripple products and the
open-source work happening in this group are pretty separate. We're getting
really good ideas and feedback from the banks using ILP and that feeds back
into the community group work. And of course the end goal is to have it all
interconnect some day.

It'll take quite some time (and a lot of community traction) before the
banks would even consider connecting to a public Interledger. Hence the
importance of the work this group is doing that's unrelated to Ripple. For
it to be a true standard there has to be lots of activity around it that
isn't directly tied to us or our customers.

On Thu, Sep 15, 2016 at 2:22 PM, win than aung <winthan@chomeaye.com> wrote:

> Hi guys,
> I just saw this news - http://www.afr.com/technology/nab-westpac-part-
> of-ripples-new-global-payments-network-20160915-grgz81
> Ripple has created Ripple Connect, new technology to allow banks to talk
>> to each other, and is developing its "interledger protocol", which will go
>> live on October 1 and provide the foundation for banks to directly connect
>> their ledgers with each other without an intermediary.
> Is that ready to go live on Oct 1? Which ledgers are going to try out at
> live on Oct 1? Gatehub? any hints?
> Thanks,
> Winthan
Received on Friday, 16 September 2016 02:04:21 UTC

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