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How does XPay work on the backend to move money. Let’s find out. X (formerly Twitter) will use interledger protocol within its tech stack. Let’s discuss. XPay can integrate the Interledger Protocol (ILP) to enable seamless, cross-network payments. Here’s how it can work: 💰Interledger as a Routing Layer –...

82,118 просмотров • 1 год назад •via X (Twitter)

Комментарии: 12

Фото профиля Common Sense Crypto
Common Sense Crypto1 год назад

Great post! @MrManXRP the second X is connected to ILP it is connected to Ripplenet & $xrp ILP is a Ripple patented product which leverages $xrp at the core.

Фото профиля Mr. Man
Mr. Man1 год назад

Thank you @TheCSCrypto My thoughts exactly. In fact, I can see this as a reality, but they haven’t implemented it yet.

Фото профиля opensourceCM
opensourceCM1 год назад

What’s the cost of mistakes in your contracts? If you work with contracts day-to-day, it’s time to automate. Track every detail, streamline workflows ... ✨ Make managing contracts as easy as a few clicks. Visit our new website & book your demo today!

Фото профиля deer huntr
deer huntr1 год назад

Sounds a lot like xrp

Фото профиля Mr. Man
Mr. Man1 год назад

That’s what I heard.

Фото профиля Doug G
Doug G1 год назад

Is this a private label XRP or is Elon putting Ripple out of business?

Фото профиля Mr. Man
Mr. Man1 год назад

Elon cannot put Ripplr out of business. Elon would be a builder on a blockchain, he would need to build on blockchain to be able to provide payment services on X.

Фото профиля glorytotheee
glorytotheee1 год назад

@Danny4582851 The everything app

Фото профиля Nathaniel Evans
Nathaniel Evans1 год назад

The integration of Interledger Protocol in XPay could transform cross-network payments by enabling seamless transactions across different networks. A significant step forward in fintech innovation.

Фото профиля Ali's Men Security
Ali's Men Security1 год назад

All i want to see 👀 is which one of my wives he going to use for X payment #XRP #XLM #SHX

Фото профиля fluffyjoejoe72
fluffyjoejoe721 год назад

I think Stellar is already ahead of XRP on the payment rails and smart contracts. They also have Stronghold SHX in their corner.

Фото профиля Mr. Man
Mr. Man1 год назад

They are, and they’re also in different segments of markets.

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19,172 просмотров • 6 месяцев назад

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However, despite the recent Global GCV movement, we have not seen significant involvement from merchants in the exchange of GCV. Most of the data has been generated by pioneers. This is crucial during the initial stages for "value scale." from our pioneers. We have submitted petitions to CT three times for OM on Pi2Day. This is because most community leaders and pioneers are facing resource shortages, and the first function of "value scale" has been successful. If CT can announce the GCV price and OM on Pi2Day , the entire ecosystem will operates on the same pricing system for development. We believe this strategy can also work well. However, CT has announced that OM will be at the earliest by the end of this year. From my perspective, the goal is to reach 15 million KYC and 10 migration Pi wallets, and more importantly, to ensure that the ecosystem has developed to meet the maturity level outlined in the 2019 white paper, or at least has a prototype of the ecosystem. This approach may eliminate the need to announce the Pi price once the entire ecosystem has been accepted. This conservative approach aims to prevent pioneers from converting Pi to FIAT after OM. Instead, the ecosystem will offer utilities for pioneers to use. This will result in a more stable and secure Pi currency. ✅Since CT has decided to OM until the year end or later, there will be at least five months for ecosystem development. Hence, the question now is what pioneers can do during Currency 2nd Stage? Pioneers always have the task of completing their KYC and migration on time, and they are encouraged to become validators if they wish. In addition to the above, pioneers have another important task, which CT cannot directly ask us to do, but it's something we need to do for ourselves. This task is to join the ecosystem with GCV price. As we have discussed, since we want Pi as a currency, it must circulate in our community. Therefore, we need merchants and service providers to offer products or services. However, we cannot force them to do so. If we enforce full Pi payments, they will avoid participating. Currently, we are seeing some full Pi payments in our online ecosystem at different prices, but almost all are very low, less than $1 or less than $0.1. We believe this price is not suitable for Pi's long-term vision and mission. That's why we choose to only support GCV. ✅So the next question is: How can we motivate merchants and service providers to join our ecosystem so that we can OM with GCV $314,159? My suggestion is to allow partial Pi and partial FIAT. They can use 50%, 60%, 70%, 80%, or even 90% FIAT. As long as the FIAT value is lower than the market price, it will benefit pioneers. When more merchants join, they will compete with each other to lower the FIAT ratio. This concept aims to create a real business environment, not a charity environment. We should not depend on leaders, pioneers, or merchants to donate. Instead, we need to create a mechanism to let them compete, which will benefit them and motivate more merchants to join. What about pioneers? If given two options, which one would you choose? a. Only small items worth $1 available for full Pi payment, with no higher value products available and still needing to spend FIAT from the outside market. b. Buy products inside our community at a 50%, 60%, 70%, 80%, 90% FIAT ratio, lower than the outside market price, and including larger items like cell phones, TVs, appliances, jewelry, furniture, clothing, shoes, etc. without limitation. You will save at least 20%-30% on your daily or luxury purchases. I believe you would want option b, as you would save a significant amount of money during the five months. Most importantly, you would be very happy because you understand that what you do will make GCV $314,159 a reality without any doubt. Do you want to live with uncertainty or certainty? Joining this kind of barter system will bring you happiness with certainty. This is what I call the creation of Pi circulation, which is our second stage. After OM, we will enter the third, fourth, and fifth stages, which are the storage, payment, and international settlement currency stages. Since GCV $314,159 on the right track to OM, we need to make GCV more widely accepted and widely used to create circulation. In this way, we will make GCV OM foundation very strong and this will help the ecosystem after OM to reduce any risk that pioneers all go to exchange market to dump. Pi represents not only the future of our pioneers but also the future of the world. Let us come together as a strong, unified family and community. However, beyond this unity, it is imperative to establish a robust business ecosystem and a supportive development environment to encourage and incentivize the participation of more ecosystem members towards our long-term objectives. This will have a positive impact on our local economy and facilitate garnering support from various national governments for the Pi Network. It is crucial for the ecosystem to adhere to FIAT tax obligations to respective country governments, even during the mainnet enclosure. Therefore, partial FIAT payments are essential to enable compliance. Without such a practice, merchants would struggle to sustain themselves and would not have the necessary FIAT currency for tax payments. Doris Yin 🪷🪷🪷 Disclaimer: The above is only my personal analysis and does not represent CT or any business, and is only for community education. Any merchants or pioneers should use their own evaluation to see if it is suitable for them.

Doris Yin 东方紫莲🪷

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