What exactly is the relationship of these banks to Chainlink?

[Anonymous No.20668633]

n>Are they staking anything?
>Do they, or will they own Chainlink?
>Are they just giving Chainlink free access to an API in JSON for Chainlink to parse?

What does this enable the end user of the FX product to do?

[Anonymous No.20668677]

>What does this enable the end user of the FX product to do?

A somersault

[Anonymous No.20668683]

they are selling their data via chainlink
the end user is not quite positioned yet
rather, it allows defi entrepreneurs to create products to create for the end user

[Anonymous No.20668713]

>>20668677
>A somersault

[Anonymous No.20668716]

The fuck do I know. Save yourself some trouble and the invest on memes

https://www.strawpoll.me/20659165

[Anonymous No.20668722]

>>20668683
>CenterPrime is focused on working with the Korean Banking industry to use Chainlink’s oracle technology to share high-quality KRW-denominated price feeds for foriegn exchange rates such as KRW/USD, KRW/EUR, and KRW/CNY, and more. Chainlink’s technology gives us the ability to securely relay these decentralized price feeds to the blockchain to be stored as immutable and open records, where applications across Fintech, DeFi, and the legacy world can use to build more transparent financial products.

[Anonymous No.20668748]

>>20668722
>“I think banks can participate in the smart contract revolution and Blockchain. And then how they're going to reinvent the global financial system is by the providing of various data, the providing of various services to these financial products.” -
@SergeyNazarov

[Anonymous No.20668751]

>>20668683
>they are selling their data via chainlink

Do they put any LINK up to back their data? Or is their data trusted because they are central authorities when it comes to financial data?

[Anonymous No.20668770]

>>20668751
i believe it is only the latter, at least for the time being

[Anonymous No.20668795]

>>20668633
Checked. They're participating in the network in one way or many. They might become node operators or they might provide data sources or they might make it really easy to connect bank accounts to smart contracts and hopefully we continue to see the "high level of adoption"

[Anonymous No.20668815]

>>20668751
afaik they will be paid in Chainlink for all API calls. All calls require LINK payment. They cannot stake because staking is not released

[Anonymous No.20668833]

>>20668815
that's true
they will at the very least hold link for that reason alone

[Anonymous No.20668879]

>>20668770
>at least for the time being

It's going to be a great thing for devs to work with.
I don't really understand how this ties into staking and oracles (because this is new to me), but there is definitely demand for businesses to hedge one currency against another. From what I saw on the Chainlink website it was all crypto data, which no serious people outside of our space give a shit about.

[Anonymous No.20668955]

>>20668815
>afaik they will be paid in Chainlink for all API calls.

Riddle me this,
Who is acquiring the LINK to make the API calls? Will this compel new people who don't care about speculation or a token circular jerk to trade Rothschild notes for LINK in order to receive a product or service?

[Anonymous No.20669016]

>>20668955
If any financial companies want to use the network to access the data, then yes they need to buy the token. If they choose not to use the network, their business that relies on accurate data is more vulnerable to inaccuracy.

[Anonymous No.20669226]

>>20669016
>If any financial companies want to use the network to access the data, then yes they need to buy the token.

I feel like I might have to learn the technology at a granular level to understand, but will the price be better and provide a better product than what is available now?
I'm not FUDding with this next point, but I would think a rise in LINK would make the data prohibitively expensive.
I know the idea is "a fraction of the multi-trillion dollar FX market" but that's not really how a new monopoly forms because this is too vague. A new company starts with a 10x better or cheaper product that a tiny market starts using fervently. Maybe I have to develop something with it because I program and know finance. I'm kind of important that way.

[Anonymous No.20669283]

>>20669226
The concept of facebook is pretty simple, it just a social network, some web developer can easily make something similar.

[Anonymous No.20669475]

>>20669283
>The concept of facebook is pretty simple, it just a social network, some web developer can easily make something similar.

What? The concept of Facebook was to dupe people into letting the Intel Community spy on them with a psyop.
Facebook was a project Zuckerberg took over or was some kind of actor.

By the by, Peter Theil was also involved in the Facebook psyop and he is backing RSR. New digital dollar?

[Anonymous No.20669550]

>>20668633
It's meaningless. It's just for the desperate linkies here to masturbate over pretending like it's actually going to do anything for their failed coin.

[Anonymous No.20669562]

>>20669226
Calls would be priced in fiat currency, so the price of one link token doesn't change the price of calls.
And it doesn't look like a fractional thing to me, it looks like full monopoly already. I think Thiel's prescriptions you reference do apply to chainlink, as it offers a service that has never really existed before (decentralized oracle network). all open to interpretation