Capgemini Fiat-Relay

[Anonymous No.10851643]

Yet another use-case.

This fiat-relay contract is a very simple getter/setter contract that relies on technology that isn't there, eg Chainlink.

https://github.com/bartcant/FiatRelay

LINK $1k EOY

[Anonymous No.10851652]

Fiat-Relay Smart contract is both an Ethereum Smart Contract and a Banking solution that covers one of the critical and immediate needs for the blockchain industry and Ethereum. Namely, to provide a low cost, fast and automated solution for an Ether pay-out of a smart contract execution to a beneficiary on the Ethereum blockchain.

Currently, in Ethereum any value transactions that is managed or is the outcome of a Smart Contracts is based in Ether, the crypto-currency underpinning the Ethereum Blockchain. Other Blockchains are dealing in BTC or other types of crypto currencies. Due to the nature of the blockchain technology Fiat currency can only be obtained after a user converts his or her crypto currency via a Crypto-Exchange (Poloniex, ShapeShift, etc) and instructs this Crypto-Exchange to pay-out the converted fiat amount back to the user's bank account on file. This process requires multiple steps by the user, and could lead up to 5-7 days of processing before the final fiat converted amount is deposited on a traditional bank account.

[Anonymous No.10851668]

With the Fiat-Relay solution, a user is no longer required to become a client of an existing Crypto-Exchange. This also removes any manual action from the beneficiary for receiving his/her pay-out amount in fiat currency (USD), provided that all mandatory and required payment information is available to the Fiat-Relay Smart Contract and the Financial Institution providing the payment service.

This Fiat-Relay solution is available initially in its pilot phase to a specific set of Ethereum contract to provide this automated exchange and payment service. In a future phase the service will be available for all Ethereum contracts that are executing logic and have created a pay-out of Ether for a specific Ethereum Account. For a Smart contract to take advantage of this functionality the Smart Contract must be upgraded with additional Solidity Code that defines the additional payment beneficiary information that is required and the Smart-Relay End-point that it is connecting to for the payment service. There could be one or more Smart-Relay end points available for the Smart Contract to connect to as multiple geographical Financial Institution can provide a specific offering connecting to different international and local payment networks

Any Smart Contract that wants to connect and leverage the services for auto-exchange and payment service offering provided by the participating Financial Institutions will be required to pay for the execution of the Fiat-Relay Smart Contract (Ethereum Gas). The Smart Contract will also be required to pay a predefined service fee to the Participating Financial Institution according to the terms of the Service Agreement of the Fiat-Relay Smart Contract.

This is huge because Fortune 500 companies still value fiat over crypto and being able to move money in and out of crypto is a very big thing for their use case of LINK. Keep in mind, this enables them to buy LINK with just about any fiat.

[Anonymous No.10851695]

We already knew this tech was going to happen based on the use cases that Chainlink has to begin with. It's just nice that someone has already made this an actual tool on the network. What this DOES is confirm what we already knew. This is just the beginning.

[Anonymous No.10851804]

>>10851643
Chainlink is love. Chainlink is life.

[Anonymous No.10851844]

It is soon, it is soon.

[Anonymous No.10851857]

Below in the blue box around one of their figures documenting the process is where an oracle is needed.

[Anonymous No.10851990]

Help! Dots, I see dots, they are everywhere!

[Anonymous No.10852040]

volume has been dying kek. just a pnd.

[Anonymous No.10852041]

Linkpool Jonny just said this in discord

[Anonymous No.10852550]

>>10851643

[Anonymous No.10852620]

>>10851643
Cagemini is a shitty company

[Anonymous No.10852661]

>>10852620
Revenue
€12.79 billion (2017)[1]
Operating income
€1.18 billion (2017)[1]
Net income
€820 million (2017)[1]
Total assets
€16.03 billion (2017)[1]
Number of employees
193,077 (2017)[2]

[Anonymous No.10852678]

>>10852041
Can someone here help me? I've recently embarked upon a spiritual path which requires complete honesty will myself and others. I'm a 35 year old Booker, white male. I have always had an extremely female spirit or personality. But I have also always love girls, since I was a kid. But I've been called a woman millions of times in my life, both by my best friend and by anons who swear I'm a "roastie". But I love my body and I enjoy masculine things like sports, philosophy, video games etc. But though I identify as a man, I have never idntified WITH men. I have always understood women and gotten along much better with them. I find most men behave like children or animals. Anyway, I've never been here before, never thought I would be. Hope someone can help. I just want to know if there are other people who feel like I do...

[Anonymous No.10852683]

We are going to make it bros

[Anonymous No.10852706]

>>10852661
It is a company whose main revenue comes from outsourcing for other companies. A big apart of their employees are total Pajeet.
They make quantity, not quality.

[Anonymous No.10852766]

>>10852706
>quantity, not quality

Are their billions in revenue somehow less valuable? Do the not provide enterprise IT to many large companies still? Will they need Link tokens to operate their enterprise solution for fiat exchange, a very valuable tool for adoption and integration of trad market money?

[Anonymous No.10852892]

>>10852678
Buy chainlink. Thank me later.

[Anonymous No.10852894]

[Anonymous No.10852944]

>>10852661
>Shilling this bullshit

Linkies are getting desperate a bullshit company is a bullshit company no matter how much you window dress, might as well say Uncle Ben's Hardware store has a revenue of a couple of billions of dollars.

[Anonymous No.10853033]

>>10852041
do you play FortNight with Johnny too?

[Anonymous No.10853079]

We're gonna make it frens

[Anonymous No.10853155]

>>10851844
checked

[Anonymous No.10853246]

>>10852678
Wtf is this pasta. Even weirder then the autist cock sucking meetup.

[Anonymous No.10853304]

>>10853246
Popular to contrary opinions, my sweet and sour monsoon surviving pajeet, you are in reality a pointless argument vegetable raised by kikes and sold to corporations for ad revenue.

[Anonymous No.10853537]

>>10851643
>ctrl-f "chainlink"
>0 results

[Anonymous No.10854083]

>>10853537
>control-F "toilet"
>14 streets