The team tried to run three Interledger nodes connected to two blockchain testnets (Ethereum and Ripple XRPL: Party A, Interledger (acting as an intermediary node), and Party B. Party A sent Ether and Party B’s node received XRP, while a the third node acted as intermediary during the token exchange. To accomplish this, Party A with Ether needs to install a settlement engine to transfer Ether from Ethereum testnet to the intermediary node through settlement engine for ETH.
The Interledger project working team claims to create an “Internet of Value”. This is a very promising for the payment domain. The Interledger team already developed several settlement engines for different types of non-crypto payment, such as PayPal and mobile money.
Maiko san (apprentice Geisha): https://youtu.be/dFjpNgUIP6A
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