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A comment on IOTA: Cannot be used for IoT, loss of funds may occur. Parent comment

Re:IOTA: Cannot be used for IoT, loss of funds may occur by andr on Friday February 09, 2018 @01:58PM (#16342913)
The Bank of England is not a customer of Ripple. Their fintech accelerator used Ripple for a proof of concept, which "was a useful exercise to develop the Bank’s understanding of synchronisation and possible technical solutions.".

No bank would use such a volatile currency for payments, for obvious reasons. If someone ends up using a technology based on the Ripple codebase, that's another story, but it is more like company X hiring the people behind Ripple for a consulting gig, then company X betting their fortunes on XRP.

IOTA also claimed to have a partnership Microsoft, when in fact it turned out they used Azure for hosting. The lack of any journalistic standards in cryptocurrencies is a huge issue.

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Re:IOTA: Cannot be used for IoT, loss of funds may occur by shepardrtc on Saturday February 10, 2018 @09:54AM (#16347519)
How many other cryptos did they do a Poc with?

Ignoring BoE, Ripple's customers that are using XRP in production are:

Moneygram, Cuallix, Mercury FX, and IDT.

There are also 100 customers using xCurrent (the pre-XRP product that's used to transfer fiat). Upgrading to xRapid would increase the speed and decrease the costs of such transfer, so I imagine there will a conversion of some of those 100 customers to using xRapid, and thus, XRP.

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