Banking blockchain-R3 consortium announced the launch of the app Corda Settler for the international cryptocurrency payments in corporate distributed networks. The first supported the digital asset in the application is a token XRP, reports CoinDesk.
“The launch of Corda Settler and support XRP as the first payment mechanism is an important step that shows how powerful can interact with ecosystems, which are two of the most influential cryptocurrency and blockchain communities in the world”, – said the technical Director of R3 Gendal Richard brown.
Corda Settler is a opensource application in the package CorDapp and gives you the opportunity to make payments via the payment obligations on the network Corda through any parallel funds supporting cryptocurrency or other scriptactive or traditional payment mechanisms that can provide cryptographic confirmation of settlement of transactions.
In particular, the application verifies enrollment expected amount to the payee’s account, automatically updating the registry Corda. Also in the plans of developers add support for deferred netting of transactions and calculations for pre-set amounts in real time.
When the Corda system will arise the payment obligation one of the parties can request a payment in XRP tokens. The other party receives notice of such request and that it needs to send the payment to the specified address by the deadline. As soon as the service Oracle will confirm the payment, the parties may consider the obligation fulfilled.
Application support token XRP may seem somewhat surprising, if we recall the recent litigation between R3 and Ripple, but close to the source claims that occurred disagreements have nothing to do with it. The launch of a new payment mechanism, he said, needs to give greater legitimacy to the cryptocurrency.
In September of this year, R3 and Ripple announced the agreement at all had taken place of litigation Ref. 5 billion XRP, of which R3, it was argued, could purchase at a fixed price of $0,0085 at any time before the end of 2019.
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