Ripple update: Dutch bank ING to start using ‘Instant Payments’ is Ripple tech involved?
Ing sent a message to their customers in their banking app announcing the arrival of a feature called ‘Instant Payments’. The promise is that payments will be near instant, a matter of seconds. This of course all sounds rather familiar, but I can’t figure out if there is a connection to Ripple tech being used here. Quick research led me to this site [Instant Payments | Dutch Payments Association](https://www.betaalvereniging.nl/en/focus/giro-based-and-online-payments/instant-payments/) and then this site [EPC | SEPA Instant Credit Transfer](https://www.europeanpaymentscouncil.eu/what-we-do/sepa-instant-credit-transfer)
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The similarities to Ripple’s promise are uncanny, I will try and dive in deeper, but it seems tech is not mentioned. This leaves room for the guessing game, is Ripple involved?
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About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Author: tafkak
Score: 9
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