ILP has these advantages in theory. A testnet shows us how this stuff works in practice. Not a bad thing to learn about. -Jehan On Thu, Jan 21, 2016 at 2:30 AM, Audrius Ramoska <ramoska.audrius@gmail.com> wrote: > Hello Melvin, > > I am curious what is the reason to simulate existing payment system and to > play with it? > > ILP we started to work have key advantages comparing to existing inter > ledger payments. > Dedicated intermediate company, secure communication channels between > banks and intermediate company, dedicated funds allocation... all that and > more are disadvantages comparing to ILP we are working on. Inter country > payment with such one intermediate company/solution become more complicated. > In some countries business (not bank) could buy something like payment > processing license. In such cases one intermediate company services loses > advantages, payment environment for end customer become more complicated > despite that competition pushing service price down. > Distributed ILP approach at certain level solve all these problems. > > Regards, > Audrius > > On 20 January 2016 at 23:03, Melvin Carvalho <melvincarvalho@gmail..com > <melvincarvalho@gmail.com>> wrote: > >> Interesting post on the inter ledger element of banking. >> >> https://getmondo.co.uk/blog/2016/01/20/how-do-bank-payments-work/ >> >> Im thinking of simulating this on a testnet for people to play around >> > >
Received on Thursday, 21 January 2016 19:06:47 UTC