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Comment by mohdasim | Hacker News Reader
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mohdasim
·
woww, ripple had tied up multiple bank like SBI etc.
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mgberlin
·
For anyone that hasn't been following them over the last year or so, they've made amazing inroads into the banking industry.
mohdasim
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Exactly, i was looking forward to it.
StavrosK
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What do they do in that industry exactly? I never really got the purpose.
tylersmith
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Provide a system for inter-bank transfers. Like SWIFT with (theoretically) lower costs and latencies.
StavrosK
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Ah, thanks. That's actually a very interesting application for a blockchain, providing settlement services between banks on it.
6nf
·
I've looked into this and I see many banks experimenting but nobody seems to actually use it commercially. Did I miss something?
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