R3 Launches Universal Settler Application
December 6, 2018

R3, a developer of enterprise blockchain solutions for business, has this week launched its new Corda Settler, an application purpose-built to allow for payment obligations raised on the Corda blockchain platform to be made through any of the world's payment systems, both traditional and blockchain-based.

R3 says XRP is the first globally recognized cryptocurrency to be supported by the Settler, bringing the Corda and XRP ecosystems into closer alignment.

The Corda Settler is an open source CorDapp that allows payment obligations arising on the Corda Network to be settled via any parallel rail supporting cryptocurrencies or other crypto assets, and any traditional rail capable of providing cryptographic proof of settlement.

The Corda Settler will verify that the beneficiary's account was credited with the expected payment, automatically updating the Corda ledger, says R3. In the next phase of development, the Settler will support domestic deferred net settlement and real-time gross settlement payments, it adds.





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R3, a developer of enterprise blockchain solutions for business, has this week launched its new Corda Settler, an application purpose-built to allow for payment obligations raised on the Corda blockchain platform to be made through any of the world's payment systems, both traditional and blockchain-based.

R3 says XRP is the first globally recognized cryptocurrency to be supported by the Settler, bringing the Corda and XRP ecosystems into closer alignment.

The Corda Settler is an open source CorDapp that allows payment obligations arising on the Corda Network to be settled via any parallel rail supporting cryptocurrencies or other crypto assets, and any traditional rail capable of providing cryptographic proof of settlement.

The Corda Settler will verify that the beneficiary's account was credited with the expected payment, automatically updating the Corda ledger, says R3. In the next phase of development, the Settler will support domestic deferred net settlement and real-time gross settlement payments, it adds.



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