Schlagwortarchiv für: Framework

Unless you’ve been living under a rock for the past three years, you have surely taken notice of an industry buzzword that has been giving “machine learning” a run for its money: Blockchain.

Ethereum is one of the most successful implementations of the distributed blockchain concept. In contrast to Bitcoin, which offers limited scripting capabilities, Ethereum provides a Turing-complete virtual machine. State transitions in the network (such as a changes in account balance of a particular token) are regulated by code running in the virtual machine, a.k.a. “smart contracts”.

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Ripple Labs is thrilled to join the International Payments Framework Association (IPFA), which provides rules sets, best practices, and guidelines to improve cross-border payments.

Composed of over 25 prominent members in the payments space—including the likes of ACH, NACHA, and SWIFT—the IPFA promotes a grand vision for creating a global payments framework that facilitates interoperability and efficient cross-border payment processing.

IPFA is one of a series of membership groups and industry associations that Ripple Labs has joined in order to further our vision of transforming payments. Ripple Labs recently joined the Center for Financial Services Innovation Network and became a member of the NACHA Payment Innovation Alliance in June.

“IPFA rules—when they are appropriately modified for Ripple—helps us create a complete, real-time, cross border payment system,” said Nilesh Dusane, director of business development at Ripple Labs.

“We’re very excited to join this network,” he said.

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