Either they are on par with us, having ALREADY developed a system that can run 100,000 transactions per second or they are a yet to be announced partner. I was trying to see when they claim to go-live but couldn't find anything.
BANX expects a September go live. It's essentially august now, so I think the devs should be able to tell us if a go live in 6 weeks is on the table or not.
"The SETL infrastructure has demonstrated speeds of up to 5000 transactions per second in tests, says Culligan, and is expected to reach speeds of 100,000 transactions per second in an enterprise environment.
Culligan and Randall insist that the business case shows solid revenue flows and say that the company is in talks with a number of first tier institutions who are looking to commercialise blockchain technology."