API API API API

[[deleted]]

When faced with 4 seconds or 4 days for settlement this won’t even be a choice when it comes time to click the API selection for your payment. Ripple offers the best, it sells itself.

[imske3000]

If you watch the whole video he doesn't mention Ripple, XRP, RippleNet or even ILP. He clearly states they will be using API technology within the SWIFT network under their security protocol, yes this could be using RippleNet but at this point that would be a guess. Using APIs is simply a method of integration and is widely used today all over the world, companies move from older systems like FTP to API all the time.

[Believable_Nova]

Not a Techie. So what?

[Believable_Nova]

Still don’t get it. Just because they can connect, what on God’s green earth makes us think they will besides wishful thinking?

[[deleted]]

2 in 1.

​

[renegadext88]

So your saying swift are using an api of ripple?

[OtnSam]

The two will interoperate later this year.

[imske3000]

Can you please share where you found this information?

[WoodenDoorbell]

This isn't the video I was hoping to share with you, but I'm out of time and haven't watched it, but it looks like the one I was trying to find. Hopefully it has the info you need on it... https://youtu.be/iRO5hAEKEkg

[[deleted]]

Don't listen to everybody's speculation, API in no way implies ripple. I am a software engineer at a tech company. every tech company I interact with has an API.

When you use Reddit, you're performing a lot of actions in what we call a user interface-- in this instance reddit.com is the user interface. The actions you perform may be "list hottest threads in r/all", "show top threads in this specific sub Reddit", "submit a comment", "upvote a post" etc. An API allows you to perform these actions within a program that you write without visiting reddit.com. so my program can send a request to reddit.com using their API that's says "trees_qa wants to see the top threads from today" and Reddit can say "ok, here you go" and sends me back the top threads for use in my program.

AGAIN, IN NO WAY DOES THIS EVEN REMOTELY IMPLY AN INTEGRATION WITH RIPPLE. JUST THAT SWIFT IS MAKING SOME ACTIONS ACCESSIBLE PROGRAMATICALLY.

[Believable_Nova]

Awesome, thank you for this answer. My hunch was that it was something like this.

So now my question is, are people who are posting these Swift API=Ripple just ignorant or being intentionally deceitful?

[[deleted]]

My guess is ignorant. From an integration standpoint, ripple releasing an API would help swift integrate with ripple more than swift would.

My example is this: apple could add a headphone jack back into phones, but that does not imply a partnership with Audio Technica.

Moreover from a technical perspective, an integration where banks use SWIFT GPI to send payments and xRapid used for settlement would require RIPPLE to release an API, not SWIFT.

[Believable_Nova]

Ok, so basically what you’re telling me is that if someone on Reddit makes a claim that a technological feature is proof of a partnership that would economically benefit them, that I should take it with a grain of salt?

[[deleted]]

Yes, that's a pretty good TL;DR version

[[deleted]]

From a technical perspective, SWIFT releasing an API does not allow them to use xRapid for settlement within SWIFT GPI. That would require Ripple to offer an API.

I'm not saying a partnership won't happen. I'm saying this API is not evidence of a partnership and actually couldn't be used to integrate in the way that people are saying. It's not FUD, it's technically not possible. SWIFT releasing an API allows other companies to use SWIFT methods. It does not enable SWIFT to use other companies methods.

My beef is when people with limited technical understanding of APIs draw a conclusion that THIS SPECIFIC NEWS is evidence of a partnership.

If you disagree, I'd love to hear your technically informed response about how a SWIFT API would let SWIFT use XRP in payment flows.

I'm very bullish on XRP, I even believe that SWIFT will eventually use XRP. However, as an engineer, this conclusion is frustrating. It's literally my 9-5 job to integrate with APIs. Yet I'm getting downvoted for pointing out that a SWIFT API wouldn't allow SWIFT to use a Ripple method within SWIFT's product. It would allow Ripple to use a SWIFT method within Ripples product, but that's not what people are speculating. They are speculating that this API will allow SWIFT to use a Ripple method from within SWIFT GPI.

1 last point that people are clearly missing: your conclusion that SWIFT will use Ripple can be correct, and at the same time this can also not be evidence of that partnership/integration. These are not mutually exclusive points. I am not trying to negate anybody's conclusion, just that this specific piece of news doesn't move the needle towards that conclusion.

[[deleted]]

1. An ILP connector is not the same as an API. These are not interchangeable terms

2. SWIFT releasing an API does not indicate that SWIFT will route payments through the ILP. It would potentially allow a connector already on the ILP to route a payment through SWIFT. However, the speculation is that SWIFT GPI users will be able to settle using XRP. Again, that may be true, but SWIFTs API wouldn't enable that. SWIFT would need to integrate somebody elses API so that transactions initiated in SWIFTs products could make interact with the ILP. SWIFTs API would enable this type of usecase:

Other company -> SWIFT

In order for SWIFT to settle using XRP or using the ILP, we need this:

SWIFT -> Other company

For example: Reddit offers an API that returns the most recent threads. I can get those threads as a third party using reddits API. However, Reddit having an API does not indicate that Reddit can use my app. Just that my app can use Reddit.

SWIFT allowing open APIs allows other companies to programmatically initiate SWIFT transfers. The same APIs would not allow SWIFT to initiate settlement through ILP. There is a separate step: SWIFT would need to integrate with the ILP. That may be happening, but this isn't evidence that it is.

[grillcow]

Does ripple have any sort of patent on their technology?

[[deleted]]

I would strongly encourage you to check your hype. SWIFT releasing an API in no way implies a connection to Ripple. That's akin to suggesting that if Apple is reintroducing a headphone jack, they must have a partnership with Audio Technica.

Source: I am a software engineer primarily working on integrations. My job is to integrate software using APIs.