“A Connector is a system that provides the service of forwarding Interledger packets towards the destination provided in the packet. Packets are forwarded across connections (called accounts) between senders, connectors and receivers.
Interledger packets describe amounts of money, which may be settled individually or in aggregate through various kinds of external payment systems collectively referred to as ledgers. – Concept of the Connectors.”The banking giant, Santander, partnered with Santander recently announced the expansion of its Ripple OnePayFX Platform for other European countries. The banking giant also intends to use Ripple ledger for all its payment settlements when looking into the future. The Head of Innovation over at Santander, Ed Metzger spoke on the matter saying:
“We believe that financial services are moving to a world of open platforms where companies collaborate to deliver excellent customer service for their customers, and that’s at the core of what we’re doing with OnePay FX.”The team at Ripple will be part of the upcoming conference for SWIFT, Sibos, which will be held from 22nd October to 25th October and they will start showing off RippleNet. What are your thoughts? Let us know what you think down in the comments below!