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Certain use cases are currently very difficult/too expensive on current payment rails (Card networks, ACH etc.). Whilst I am not bullish on using Crypto directl
by matdehaast 7y ago
Certain use cases are currently very difficult/too expensive on current payment rails (Card networks, ACH etc.). Whilst I am not bullish on using Crypto directly. I think a clearing layer that can be settled with crypto can create a very interesting space for real time value exchange. We are currently working in the space on Interledger.
- lowracle 7y agoIs it a project that hasn't been released yet ? Or by "clearing layer that can be settled with crypto" you simply mean route ILP payments between two currencies with crypto in the middle ?
- matdehaast 7y agoThe latter. The underlying settlement is separate concern to clearing. Crypto just makes settlement easier for low-zero trust environments or situations where you want to manage liquidity better.