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Tuesday, July 29, 2014

1:30 p.m. - 2:00 p.m.

ONE-ON-ONE CONVERSATION: FOREIGN EXCHANGE

Chris Larsen, Co-Founder & CEO, RIPPLE LABS

Rather than setting out to disintermediate financial institutions, Ripple promises straight-through processing that will lower the costs and the settlement risk and foreign exchange risk of inter- and intra-bank payments. It also may present an opportunity for market makers who want to earn a spread from forex trading on the Ripple network. By unbundling foreign exchange from payments, the thinking goes, the burden of working capital and forex risk can shift to parties who want it, rather than those who must bear it to serve their clients.  Chris Larsen discusses how peer-to-peer and open source technologies can mesh with the legacy system in an intimate fireside chat.

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