Is Phixius a Ripple competitor or enabler?
"Nacha is using blockchain, APIs, & ISO 20022 to develop [this] online platform that integrates technology, rules,
& participants to streamline the exchange of payment-related info across all payment types." 1/4
https://www.nacha.org/content/phixius ">https://www.nacha.org/content/p...

There was some anticipation RippleNet would replace ACH payments which are slow to settle. Phixius aims to help ACH through automation & APIs that do not require bilateral agreements any longer. It is developed by Ernst & Young who seem to push ETH.
https://www.nacha.org/news/nacha-announces-it-building-phixius-new-platform-enable-sharing-payment-related-information-us">https://www.nacha.org/news/nach...

Services supported by Phixius are based on APIs agreed to by industry stakeholders, incl. NACHA& #39;s Afinis. This is interesting given the board of Afinis which is comprised of some orgs with clear ties to Ripple.

Today, Visa joined the platform. https://www.nacha.org/news/nacha-adds-visa-phixius-pilot-program-0?utm_content=137026793&utm_medium=social&utm_source=twitter&hss_channel=tw-103095271">https://www.nacha.org/news/nach...

Remember that Ripple is a member of NACHA, aware of what is occurring. So the question is;

does Phixius erode the (hypothetical) value proposition of XRP to replace ACH traffic
-or-
does it create an easy interface with ACH players for Ripple to grab some of the value there?

Sources for further reading, mostly PR.
https://cbpaymentsnews.com/assets/CBPN_Volume3/CBPN_February2020_Vol3.2.pdf
https://cbpaymentsnews.com/assets/CB... href=" https://finance.yahoo.com/news/nacha-announces-building-phixius-platform-133000736.html
https://finance.yahoo.com/news/nach... href=" https://www.tronweekly.com/ripple-labs-partner-nacha-boasts-a-strong-relationship-with-federal-reserve/
https://www.tronweekly.com/ripple-la... href=" https://cryptbuzz.com/nacha-applies-blockchain-tech-to-payment-information-exchange/
https://cryptbuzz.com/nacha-app... href=" https://www.crypto-news-flash.com/ernst-young-is-pushing-the-adaptation-of-ethereum-in-major-us-corporations/
https://www.crypto-news-flash.com/ernst-you... href=" https://www.prnewswire.com/news-releases/afinis-interoperability-standards-adds-17-new-member-organizations-to-further-enhance-focus-on-the-rapid-delivery-of-apis-301092306.html
https://www.prnewswire.com/news-rele... href=" https://www.nacha.org/afinis-interoperability-standards
https://www.nacha.org/afinis-in... href=" https://www.nacha.org/news/nacha-adds-visa-phixius-pilot-program-0?utm_content=137026793&utm_medium=social&utm_source=twitter&hss_channel=tw-103095271">https://www.nacha.org/news/nach...

Nacha Announces it is Building Phixius, a New Platform to EnableSharing of Payment-Related Inform...

Nacha announced today it is developing Phixius, an online platform that integrates technology, rules and participants to exchange payment-related information across all payment types. Phixius looks...

https://cbpaymentsnews.com/assets/CBPN_Volume3/CBPN_February2020_Vol3.2.pdf

One last consideration that& #39;s a little farther out; what might any of this have to do with the Fed and what, if any, bearing might this have on FedNow?
https://www.nacha.org/news/nacha-files-comment-letter-re-fednow-service">https://www.nacha.org/news/nach...