ssmc2
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November 26, 2015, 12:18:13 AM

"Through this lens, Yago described its proof-of-concept as a cross-network settlement engine that allows "instant settlement" on a distributed ledger but that ultimately sends transactions across “multiple proprietary payment systems”.

Bitcoin’s security and network effects, he asserted, make it the ideal blockchain for enterprise clients like Visa Europe that are seeking to extend their payment systems. For example, he suggested that if one bitcoin services provider went down, the open nature of the bitcoin platform would allow users to route payments through another provider."


Does anyone want to try and decipher what he's talking about here? Sounds like payment channel/lightning?