$ALLBRIDGE
Trending UpSnapshot Window: 2026-07-10 13:10 UTC · ← Back to Crypto Overview
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Total Engagement - Comments: 16, Retweets: 1, Likes: 14, Impressions: 140
Verbatim Community Citations & Social Evidence 1 source posts analyzed
Barry Plunkett @BPIV400 , Co-CEO of Cosmos, demonstrates an interbank transfer over IBC. With one product that interoperates with any network, banks avoid the cost of separate integrations for every counterparty or rail they need to reach. Banks preserve privacy and security [Spoken audio]: I'm going to generate a transfer from ACME to GLOB and then we're going to just walk through the IBC packet flow. I'm going to generate the message and sign it and we're going to see the events on chain here. First we submit the transaction to the first blockchain. It uses IBC to transmit a message to the second and it goes and does that to the third ledger fully settling the transaction. Now we're going to go ahead and blacklist the receiving bank just so we can see what happens when there's a failure. So IBC can handle failures just as well as it can handle success. Again we're going to submit the transaction onto the first ledger. It's going to settle and then in this case it's going to check that the blacklist policy is violated and it's going to reject the transaction and send an error message back to the first bank. So in both cases we have an all or nothing success or failure state. IBC can be used for bank-to-bank transfers connecting two banks that have tokenized deposit systems that use VESU. The solution that IBC offers is more secure than what's out there on the market and just as importantly it's free and open source and permissionless meaning it's a solution that you can adopt today and then it can grow with you for many years to come.
