Just another shitty 'crypto' technology fulfilling a hypothetical usecase that doesn't exist in the real world.
I'm sorry you read the site and came away with that impression but that is not that case. Interledger is completely agnostic to underlying ledger technologies. It is a payments clearing protocol between participants. Can you please tell me why you believe that to be your impression?
Show me meaningful usage of blockchain/public ledgers, then show me a scenario where you need to bind something between two ledgers.
Again Interledger does not just connect public ledgers. Interledger is a clearing protocol between any system. Do you send payments via ACH, SEPA? Pay with goods with a credit card, Visa or Mastercard? All these use payments clearing protocols. Interledger competes with these technologies in an open and federated manner.
All this software built is like a Minecraft theme park trying to sell tickets to real people to go on virtual rollercoasters.
Sell them what exactly? Interledger doesn't have a token or anything to sell people. It is just a technology, much as HTTP and IP.
I would love to engage more, so please feel free to answer and ask questions. Our goal as a community is to foster a more fair and open payments ecosystem for the world.
Good question. Firstly it’s a matter of reach. How can I as a South African use RTP to pay for a digital good online? I can’t because all RTP systems are designed and used in national systems. That being RTP in the US, SEPA in Europe or EFT in South Africa. The only current global payments mechanism is the card networks really. We aim to be a global payments network like to RTP with account to account payments.
Secondly it’s a matter of access. Most domestic RTP systems are closed to banks. We want to open up to all account holding institutions, whether it’s banks, digital wallets, mobile money or potentially non custodial wallets.
Lastly we want to standardise the APIs so that applications can start building on top of your account. We see a world where you don’t need embedded finance. I should be able to use my current financial account everywhere. Whether that’s in Twitter to send a tip or on shoplift to receive payments directly to my account.
I'm sorry you read the site and came away with that impression but that is not that case. Interledger is completely agnostic to underlying ledger technologies. It is a payments clearing protocol between participants. Can you please tell me why you believe that to be your impression?
Show me meaningful usage of blockchain/public ledgers, then show me a scenario where you need to bind something between two ledgers.
Again Interledger does not just connect public ledgers. Interledger is a clearing protocol between any system. Do you send payments via ACH, SEPA? Pay with goods with a credit card, Visa or Mastercard? All these use payments clearing protocols. Interledger competes with these technologies in an open and federated manner.
All this software built is like a Minecraft theme park trying to sell tickets to real people to go on virtual rollercoasters. Sell them what exactly? Interledger doesn't have a token or anything to sell people. It is just a technology, much as HTTP and IP.
I would love to engage more, so please feel free to answer and ask questions. Our goal as a community is to foster a more fair and open payments ecosystem for the world.