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Dear XRPChat, I had planned on making another prediction of Q1 sales before the quarterly report came out, but unfortunately, my day job has been keeping me very busy so I didn't have the time needed to attend to it - and I had problems with my analysis that I didn't understand and that I hope I have rectified now. In my previous posts Analysis of Ripple's XRP sales and 2018 Q4 analysis, I summed payments from wallets to XRP-II to see what the quarterly payments were, and to total them up to see if they matched the sales figures announced by ripple. I had expected to do the same for Q1 2019, but the numbers looked wrong, my correlations were not consistent and the sales figures as a % of coinmarketcap volume didn't look right. I have extensively rewritten (and improved) my software and now have new findings that I feel confident enough about to share them. First, lets remind ourself of daily sales by ripple - in previous threads I found a strong correlation between yesterday's trading volume on coinmarketcap and today's sales (transfers) to the XRP-II distribution wallet. I identified 4 wallets that appeared to sum to about the right amount to explain the sales figures in the quarterly reports. Those wallets were referred to as RP1, RP2, RP3 and RP9. I refer the interested reader to the links above to find further details. If we plot the daily payments from those 4 wallets into the XRP-II wallet (XRP-II being the legal entity licensed to sell XRP to exchanges and customers and is presumably responsible for the programmatic daily sales as well as any number of other sales that we know little about). Here's what the sales look like from April 2018 until today, Note the line plot (linear, left y axis) is the sum of all the individual payments represented by dots that are logarithmically plotted (right axis). I found a strong correlation between the sum of payments and the coinmarketcap exchange volume, scaled by a factor that was around the 0.3% mark. I was intrigued by the drop in sales around mid Sept 2018 that preceeded a large jump in price and volume a week later. My hypothesis was that the drop in sales might be responsible for part of the rise in price (supply/demand). The sales pattern continued, largely unchanged until this year, though there are many wallets that transfer into XRP-II and they change over time, so it is difficult to be certain as to the true nature/volume or reason for the sales taking place. Please be aware that the graph above shows payments INTO the XRP-II wallet, and not out - this is because there are many more payments out and I was trying to identify that portion of sales that represents the daily programmatic sales. For the reasons I've just mentioned, it's too hard to be certain of any motives for individual wallet payments, so instead, I shall focus on payments OUT of XRP-II. Let's have a look at another plot, this time I plot all transfers OUT of XRP-II going into exchange accounts. I am grateful for the google sheet provided by @Silkjaer for a list of wallets that I have used for my assumptions of exchange addresses. You can immediately see that the payments to exchanges is very numerous. The summed total is shown by the solid line and the axes are consistent with the first plot. The totals also follow the same pattern as the sales into XRP-II from the subset of wallets, but is much higher as we are now including other payments from other wallets that are passed through and then go on to exchanges. Let's now show a more interesting graph - this has plots of the total exchange volume from coinmarketcap in green, I have normalized the plot to have the same area under it as the summed total of payments into XRP-II with a time shift of 1 day to show the correlation of the two graphs. The lighter blue line is the RP1,2,3,9 payments into XRP-II and the darker blue line is the summed payments out to exchanges. You should hopefully be able to see that the correlation between XRP-II payments and exchange volume is very strong, however, the correlation starts to break down in Q1 2019 and deteriorates further in Q2 2019 - the reason why my earlier correlation plots failed to give (to me) satisfying results. I have highlighted 3 regions on this plot. The first is in Sept 2018 (grey bar) when the sales from XRP-II virtually stopped. I speculated at the time that the xrp price (shown in the above plot as the black solid line) dropped to a low value for the year and probably ripple wanted to support the price by holding off sales temporarily. If that was the plan, then it worked very well as there was a massive jump at the end of Sept that still defies any reasonable explanation. So many news announcements are constantly being made about partnerships with ripple and events taking place that it is hard to know what might have triggered the rise. The second (grey bar) highlighted region in the plot is in May of this year - the difference between the green (coinmarketcap) and blue lines become very clear. Ripple shut down sales significantly again this month, and we have seen the price rise from ~30c to ~40c. I begin to wonder if my earlier hypothesis might have been correct, but sadly, two events is not enough for a 5 sigma announcement! What else is interesting in the plot? - the red shaded rectangle represents a point where the price of bitcoin was pumping hard, the exchange volume for all coins soared, but the price of XRP did not move very much. Why is that - we can see that the two blue lines rise well above the green one as ripple increased sales significantly - I speculate that they did not wish to see the price shoot up as we saw in Dec 2017, only to fall down again after the pump/dump/fomo/madness was over. Another interesting piece of data is revealed in the plot - the red crosses are payments from exchange accounts BACK to XRP-II - this hardly ever happened in 2018, except for a few scattered points in the year and a cluster of them around Sept 2018 when the sales halted. It is my second hypothesis that ripple have changed strategy during Q1. Prior to this, we see an almost constant sale of XRP proportional to exchange volume, during Q1, particularly after Feb 2019, the sales deviate from a simple pattern and we see returns from exchanges back to XRP-II. It would appear that their algorithm is smarter now and is trying to adapt better to market fluctuations rather than just continuously sell every day. Do we have any way of corroborating this? well, I'm glad you asked. Here's another graph, this time I take a sliding window of 10 days worth of data from XRP-II sales, and the same 10 day window of data from coinmarketcap exchange volume and correlate them, normalize them and plot the scaling coefficient. This gives us the XRP-II sales as a % fraction of the coinmarketcap volume in a running plot and we can see the fluctuation in sales as time progresses. The solid line shows the closing price of XRP, the two dotted lines are the running scale coefficients of the daily % of sales from XRP-II - the red is RP1,2,3,9 the green is ALL payments from exchanges (subtracting the return payments shown by the red crosses in the plot above). Now we can see quite clearly the event in Sept 2018 and the massive drop in may 2019. what is now apparent is Feb-May 2019 there was a large increase in sales as a % of daily volume. Throughout 2018, the red line holds reasonably closely to 0.15% of daily sales, which is fairly consistent with the figures quoted in the ripple quarterly reports. In Q1, things start deviating, and Q2 is all over the place. The drops in Sep 2018 and May 2019 are both followed by XRP price rallies. I added a dotted line at 0.05% of sales just to show how low the sales have dipped. What do I conclude from this... Ripple have changed their selling strategy to better adapt to market conditions and during March/April they increased quite significantly the sales, presumably to smooth out market pump/dump peaks and troughs. Financial institutions do not want like price fluctuations as it increases their cost of holdings - something we should all be grateful for as we want banks to buy in, not run away. Price fluctuations can also increase lay-off costs for market makers which also negatively impacts the market. (We're in this for the long play after all). There has been a slight decoupling over the last month or two with BTC as sales from XRP-II have been historically speaking very high. The large volumes we've seen did not move the price as much as one would have expected. Now would be a great time to pump XRP if whales are reading this! with XRP-II sales very low, it will be easier to move the market. Please go ahead and do this if you can. I'd like to see how high you can push XRP EDIT: I forgot to add one point - why do I think that sales have dropped in recent days? My suspicion (pure speculation) is that with the bear market seemingly coming to an end, Ripple feel safer in allowing the price to rise slightly to accommodate the new corridors they are adding. Disclaimers. All the data has been collected here by a random amateur on the internet. I do not even know for sure if the wallets I examine belong to XRP-II. I do not know for sure if the exchange address I use are correct. All the data in this article could be wrong. I might have even made it up just for giggles (I didn't but how do you know? Do you trust me?) This is not investment advice. But IMHO price rises are more likely when XRP-II sales are low.

The ECB (European Central Bank) released an annual report on Target2, the RTGS system for all European banks where they settle all payments in central bank money. The ECB published it about two hours ago and it can be found here: https://t.co/GLJNtzrR19 The timeline for banks with all the milestones can be found here; https://t.co/tBB9WoDswF The big bang approach requires that all national central banks and their communities are prepared to migrate on time. All banks in Europe, will all be, at the same time, able to use XRP for domestic and international settlement of payments and securities within Europe, but also across other RTGS systems like Japan’s or the Federal Reserve’s. It means also the migration of TARGET2 (payments) with TS2 (securities) and TIPS (instant settlement) into one gateway for al European banks. All banks have to be signed with a contract to their selected Network Service Provider of choice BEFORE July 2020. RippleNet with it’s xCurrent (4.0) is one of those NSP’s. EDIT: 28/5/2019 - Ripple is NOT a NSP, since they have not participated in the tender, however RippleNet could probably be accessed though the two chosen NSP's. The new European RTGS system with integration to multiple NSP’s (like RippleNet for instance, currently Swift is the ONLY integrated NSP) will go live, with a “big bang migration” (as they like to call it themselves) in the whole of the EU on November 22, 2021. EDIT: 28/05/2019 - XRP usage "official"? The ECB paper Brad Garlinghouse referred to in his tweet: https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op223~3ce14e986c.en.pdf%3Ff2e9a2596a8f9c38c95f4735c05a0d47&ved=2ahUKEwjCsKP-gL7iAhXEalAKHZQFAskQFjAAegQIAhAB&usg=AOvVaw0myveAY0kP7vl4vj81wZJa Somewhere in there, you will find one specific sentence which, in my opinion says A LOT about whether banks under the ECB may use XRP for settlement or not. Dyor and decide for yourself.

Although arguments can be made against the notion of future adoption of the XRPL by the financial system thru supporting the retention of the current international payment system or emphasizing the technological progress in the SWIFT payment network, they fail to address critical flaws in today’s system. Hackers, political pressure, regulators, and the shrinking correspondent banking system are all legitimate issues that are impacting banking operations. Most international payments are facilitated through the SWIFT network today. SWIFT is a messaging network used to send and receive information on financial transactions between financial institutions. Currently, more than 11,000 financial institutions from around the world are linked to the SWIFT network for operations. Typically, the originating bank is required to have a working relationship with the destination bank in international wire transfers. If there is none, the originating bank can search the SWIFT network for a correspondent bank that has one with both banks.(2) Once found, the transaction is transferred through Nostro accounts held at the intermediary bank for a fee to the destination bank. Although SWIFT’s inception has proven to be beneficial in enabling international payments between banks globally, it’s reliance or the monopolistic position has become a double-edged sword. Due to their international relationships, SWIFT was viewed as an apolitical organization that was independent of any country’s domestic foreign policy. Unfortunately, this has not been proven the case the past few years as political disputes now threaten to fragment the international payments space. Regardless of your political views towards Iran, the United States pressure on SWIFT to disconnect Iranian financial institutions from the network has been unprecedented. While the action undergone by SWIFT contradicts the European Union’s desires. Although the EU intends to maintain trade with Iranian institutions, SWIFT complied with the US requests.(3) With the consequence being that now the international payment network has become weaponized to exert political pressure onto countries or regions. This undermines the trust within the network as participants can ultimately be on the wrong side of political discourse. Along with Iranian FIs, there has been heavy speculation from US media sources and diplomats that Russian financial institutions might face similar sanctions to their Iranian counterparts in the future.(4) Further eroding any participant confidence in SWIFT remaining apolitical. SWIFT’s inability to remain impartial to the network’s participants is already beginning to have repercussions. In Europe, there has been a political push back on the US influence over the payment network. Germany's foreign minister, Heiko Maas, has publicly stated that the EU should "strengthen European autonomy by creating payment channels that are independent of the United States — a European Monetary Fund and an independent SWIFT system".(5) Even more striking were Maas’ comments that the EU had already begun the process of developing an alternative payment system. Both Iran and Russia have also taken similar responses to the EU. Iran has begun implementing an alternative banking platform for banking transactions with foreign institutions.(6) Meanwhile, Russian financial institutions have prepared themselves to be disconnected from the SWIFT network at a moments notice and have begun to adopt another alternative payment system CIPS. CIPS or the Chinese Alternative Global Payments System is also an alternative payment platform provided by China. CIPS was intended to make transactions between China and Russia easier while enticing other countries to utilize the system.(7) Russia has also begun to develop its own payment system called the “System for Transfer of Financial Messages” (SPFS). Essentially, the global political environment has pushed regions or countries to develop or adopt alternative solutions to SWIFT. Creating an ever growing, fragmented international payment network that will require interoperability between systems. SWIFT’s security has also been exploited these past several years, further testing the participant's trust of the network. Along with the frequency of these hacks occurring, the severity of them is increasing. Of the top five biggest SWIFT hacks by money lost, four of them have occurred within the past two years.(8) The sophistication of these attacks is becoming so advanced for SWIFT’s liking that they have begun to issue warnings and urge participants to increase their security measures.(9) In some attacks, hackers have been able to order payments to banks in other countries by copying preformatted payment requests into the SWIFT messaging software. Even further eroding trust in the network’s security, it was discovered that the NSA had breached SWIFT’s security and have developed tools for its operations. Thru leaked documents and files by a hacker group, the public was made aware of how the NSA had accessed the messaging system. Possibly setting in an uncomfortable feeling for financial institutions located in Eastern countries that the SWIFT network is a possible vector for attacks. Structurally, the correspondent banking system has been on a gradual decline for several years while total volume and value of payments through SWIFT are increasing. The Financial Stability Board conducted a study in which the FSB found that from 2011 to the end of 2017, active correspondent relationships declined by 15.5 percent across all currencies.(1) While for 2017 alone, it declined by 4.1 percent. More recent studies have concluded that 2018 saw declines in active relationships and corridors of about 3.5% and 2% respectively.(11) With the global correspondent banking network now declining by about 20% and the number of active corridors having fallen by roughly 10% the past seven years. This decline in active correspondent relationships has also coincided with the increased concentration within the correspondent banking market. Remaining participants in the network have their market share increase as competing banks exit the system. Both these trends pose respective risks and issues to the banking system. An increase in the volume of payments with the decrease in the number of correspondent relationships is theorized to increase the length of the payment chains. Implying payments will need to be facilitated thru more intermediary parties to reach the same destination. Possibly adding more exchange or transaction fees along with increasing the settlement time. Meanwhile, a concentration in the correspondent banking market introduces an unwelcoming scenario. Theorized consequences include a decrease in the competition of services, leading to higher costs and more fragile networks. As the payment network relies on fewer participants to facilitate payments, the failure of a participant will have greater repercussions as they are more relied on. Ultimately, the global political environment is causing a fragmentation of the global payment system while the financial system is gradually entering a delicate state. Both trends have already begun to force global and financial institutions to adapt and find alternative systems. Regardless of what SWIFT can develop to enhance it’s services to its participants, there will be issues the organization cannot resolve. Interoperability will more than likely be the key in enabling the future global payment space to withstand any geopolitical shocks, along with providing a crucial capability if the financial system is under strain due to the structure of the correspondent banking system. Placing Ripple’s xCurrent or ILP in an advantageous position. 1. https://bankingjournal.aba.com/2018/11/basel-decline-in-global-correspondent-banking-relationships-accelerates/ 2. https://www.investopedia.com/terms/c/correspondent-bank.asp 3. https://www.ft.com/content/8f16f8aa-e104-11e8-8e70-5e22a430c1ad 4. https://www.voanews.com/a/us-diplomat-russia-should-release-ukrainian-sailors-by-christmas-/4688911.html 5. https://www.businessinsider.com/germany-wants-european-rival-to-us-backed-swift-payment-system-2018-8 6. https://en.mehrnews.com/news/139715/Iran-welcomes-foreign-banks-to-join-its-alternative-to-SWIFT 7. https://ethereumworldnews.com/after-ripple-chinas-cips-now-competes-with-swift-departure-from-us-dollar/ 8. https://medium.com/@kvantorcom/top-5-biggest-swift-hacks-52fca78145c 9. https://www.reuters.com/article/us-cyber-heist-warning/swift-warns-banks-on-cyber-heists-as-hack-sophistication-grows-idUSKBN1DT012 10. https://www.reuters.com/article/us-usa-cyber-swift/hacker-documents-show-nsa-tools-for-breaching-global-money-transfer-system-idUSKBN17H0NX 11. https://www.bis.org/cpmi/paysysinfo/corr_bank_data/corr_bank_data_commentary_1905.htm

International Money Transfer, Remittances & X-Border Payments Conferences Link to the page Link to the agenda (pdf)

Alright guys, its been a hell of a week for Ripple and crypto in general. We are witnessing the beginning of a banking revolution- its only going to get crazier as we head into 2020. PART 1: Let me start this post by telling you a conversation I had with my mother, an executive loan officer and branch manager of a regional bank in the south: After the usual mother/son conversation, I asked her how her job was going since she just came back from family leave. APPARENTLY.... "The top executives are freaking out. The projections for loan income are completely off due to the FED announcement." If you're not in the US, basically the central bank wants to lower interest rates next month. The effect? Here is an excerpt from a Yahoo Finance article: https://finance.yahoo.com/news/fed-interest-rate-cut-horizon-121512567.html So, US banks will be struggling to make the quota for this fiscal half because the banks projected the rate to actually increase rather than decline. This meant that many banks gave adjustable rate loans to borrowers in hopes that the prime rate would increase over time. PART 2: Responses from other banks have ranged from nonchalant to panic As you can imagine, banks want to keep a lid on their panic state. Most have released statements that say they were prepared for the rate decline. Some are in denial and think the FED will call back on its majority vote to cut the rate https://www.cnbc.com/2019/06/20/one-major-bank-is-holding-the-line-saying-the-fed-wont-cut-rates-this-year.html Once Goldman Sachs executive went all the way to say smaller banks are screwed https://www.bloomberg.com/news/articles/2019-06-20/goldman-sachs-executive-says-legacy-retail-banks-are-screwed Based of the conversation with my mother, I would agree that the banks are concerned and stand to lose a lot of money. PART 3: ENTER CRYPTO- Libra is announced, and the Moneygram Move Okay so, unless you live under a rock, the news this week has been amazing. Facebook announces Libra under much criticism. The announcement had a few effects: Whether you love it or hate it, it has helped bring crypto into the spotlight this week. All press is good press for crypto, that much is true. Regulators have sprung into action. Already making statements about the regulation of Libra and crypto in general. (See quotes below) https://www.apnews.com/ee872c2a79494a1183866bd1dc9c9083 https://www.cnbc.com/2019/06/20/facebook-libra-cryptocurrency-faced-with-central-bank-warnings.html https://cryptonews.com/news/fatf-decides-to-tighten-crypto-regulation-report-4092.htm There are plenty of other quotes, but i think this suffices. A final effect is that banks will be looking for an alternative or an edge against their competitors. Ripple and Xrapid already exist and has gone through extensive trials over the past 5 years. Brad Garlinghouse has already made the statement that Ripple has has a "record week" due to the Libra Announcement: BOOM- Thank you, Facebook. Ripple is also in the spotlight for the Moneygram Deal. MoneyGram's Stock rose over 150% and huge announcements for new corridors were made as moneygram is expanding their footprint in India. Ripple is making other moves as SBI Remit and SCB Thailand are featured in their Paying Forward promo videos (check twitter, i'm too lazy at this point to embed them lol) Conclusion TLDR: Banks are hurting from the potential FED rate drop and crypto appears this week to banks as a way to cut costs. The financial transformation is on the horizon and is approaching fast! If your read all that, congratulations. You're amazing!

On June 1 we were made aware of a theft of 201,000 XRP (transaction F6E9E1385E11649A6C2F88723A821AF209B54030886539DCEF9DDD00E6446948) and immediately started investigation. It turned out that the account robbed was managed through Gatehub.net, and that the offending account (r9do2Ar8k64NxgLD6oJoywaxQhUS57Ck8k) had stolen substantial amounts from several other XRP accounts, likely to be or have been managed through Gatehub.net. The same day we made contact to Gatehub to make them aware of the potential security breach while continuing our independent investigation and contacting exchanges where the offender appeared to have laundered money. On further investigation, we found several other accounts connected to the theft, leading us to 9 primary suspect accounts: rU6EsDCiHHYbTtA4uGGo8zaaiRz2sbDBST rN5Gm1FijbTVeYFfpTRfGKfNZQY7hc9TbN rprMix9uYyQng5vgga1Vg8HTeBMCzaeM2i rUvPCdYJMzzGu9AFKrNeKgCTpxrpFc3RHt rJpKe5rbjgzzGJc1wm1xqKj6j4UjBQ6s48 rGSWKo2oiJnJiPEoHvDZTK2XG7RtE62Cbh rpBDxqWArAQTEfPeWwkUvBh1cbc885nirX r9do2Ar8k64NxgLD6oJoywaxQhUS57Ck8k rKZ14F9KT65chQ382M33U41a4eniGMAyfG From analysing the data, we found the first likely victim to be 10,000 XRP (transaction 30FBBD47F6791A00BF0C1DCFF6CBD8AECBF9EF71141544C031B8FAF3EACB4C41) on 2019-05-30 12:25:40 UTC. As of writing this report, 2019-06-04 12:30 UTC, we gather that ~21,700,000 XRP has been stolen from 50-60 victims, of which ~12,300,000 have already been laundered through exchanges and mixer services. We have while conducting the investigation kept contact with some of the victims, with Gatehub and with the exchanges used for laundering. Scenarios While there is still no conclusive evidence pointing to the centre of the attack, here are scenarios researched in our investigation: 1. Gatehub account hacks From analysing access logs by victims and transactions made on the XRP ledger, it does not appear that any accounts were breached on gatehub.net directly, using client login credentials. 2. Phishing From interviewing victims, it does not appear that any of the victims had been victims of phishing attempts through, e.g. e-mails impersonating Gatehub.net 3. Repeating nonce Since all victim accounts are older than December 2017, and while old accounts are more likely to be vulnerable to bad encryption implementation by transaction signing software, it seems not to be the case. To our knowledge, only a handful of accounts are vulnerable to this attack, none of which is the victims of this case. 4. Incremental nonces While repeating nonces do not seem to be the core of the attack, it is still a possibility that a poorly implemented signing library has used incremental nonces, which makes brute force hacking a possibility. We have not been able to confirm or deny this theory. 5. RippleTrade migration Since all victim accounts are older than December 2017, and many carry a RippleTrade username, bad practice in handling migration of user accounts could be the cause of the account access – however, it does not appear that all accounts are old RippleTrade accounts. Hence this is also unlikely. 6. Browser client hacking While it is possible to retrieve user information by exploiting a vulnerability in the Gatehub.net API, we find it improbable to be the cause of the attacks. The victims are spread globally, and any such attacks would likely occur by sniffing access on a shared WiFi. 7. Old database leak Since Gatehub.com is a hosted wallet provider, they store encrypted private keys. It is possible that an unknown database leak in the past has been exploited and private key brute forced offline until the offender found the funds retrievable sufficient. Exchanges and platforms used to launder money (not complicit) We have identified some of the largest recipients: changelly.com: 6,064,900 changenow.io: 2,976,192 kucoin.com: 1,081,500 huobi.com: 930,000 exmo.me: 136,940 hitbtc.com: 115,028 binance.com: 111,000 alfacashier.com: 58,000 Overview Yellow: Exchanges and accounts used to cash out exchanges Blue: Victims Red: 9 suspected accounts Note: A few victims may have not been channeled through the suspect accounts and have had funds sent directly to exchanges. A theft that involves multiple victims needs to be handled via law enforcement in various countries. We strongly advise victims to file a complaint with relevant authorities in their jurisdictions. On behalf of XRP Forensics https://xrpforensics.org (Public members: @alloyxrp, Bithomp, @Silkjaer)

Blog URL: https://coil.com/p/Hodor/David-Schwartz-and-Facebook-Coin-/UiNoDHA-J Curious about Facebook's new coin, Libra? I've collected David Schwartz's recent comments on it in my latest @coil blog! I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/xrp Reddit r/RippleTalk Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

You are so clueless.

A reminder to never click on links that are sent via private message from unknown members. It appears scammers have created profiles here on XRP CHAT, and are pretending to be from Gatehub support. If you receive any such private messages, please make sure to report it using the "report" button: Stay safe and be careful!

"... i will also say i'm gonna send a case of champain to david marcus the guy that runs libra, ehm the reason is - this week will probably be the best week of signed contracts at ripple ever. It has been a massive call to action because facebook kind of came out and said we dont need banks or western union anymore, so i think banks realize if facebook is going to be a competitor in this space, they cant depand on technology like swift to compete in the market place..." brad starts at about 1h mark

Blog URL: https://xrpcommunity.blog/xrp-news-update-moneygram/ Ripple makes a dramatic market move, partnering to upgrade MoneyGram's international payments! Read more in my latest blog: 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple announces their new partnership with MoneyGram; CIMB produces a new commercial that emphasizes it 'runs on Ripple;' and Ripple releases a video for the International Day of Family Remittances; 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Ripple sponsors a new site for collaborative XRPL documentation; Standing Ovation decides to support XRP payments; Paralect assists goLance with accepting XRP as a form of payment; Secalot and Ledger hardware wallet logins can be used at Bithomp; and two exchanges - Bgogo & OceanEx - now support multiple XRP pairings. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

I had no idea it was real until a few minutes ago. But this is huge. Pretty excited to see where this takes us, both the company and the broader XRP community.

Look at mine!!!

Hi. Many people like to predict 5 dollar XRP or even 10 dollar XRP. But this people will NEVER tell you the truth. It cost you 20 XRP to create an account and back in 2015 2016 2017 it costed between 15-20 cent to create an account.. And now its costing 8+ dollar. IF XRP goes up to 5 dollars.. This means 20XRP x 5Dollar = 100 dollar for an account. And every time you need to create an new account, its going to take another 20XRP for that other account.. Ledger/exchange/Coinbase (will need new accounts). What about 10 dollar XRP or 50 dollars ?? How much will the account cost then, 200 dollars !?!?!?! XRP noobs answer.. The cost of an XRP account is 20XRP and thats because they don't want spam on their network. But back in the days they where avoiding the spam with 15-20 cent XRP accounts, why can't they do the same thing again? * And no one is calling this out... instead everyone is shilling XRP without even understanding it. Lets all talk about this FLAW before we let our friends and families buy XRP. Because i had the same problem.. My friends spent 50 dollars on xrp and lost 8 dollars x 2 and he is already calling it a scam for taking 16 dollars to create accounts.. I've also have had problems sending my XRP from my ledger wallet.. sometimes it works and sometimes it doesn't work. ''True future bank coin'' that works only when they say so. The more XRP on your wallet... the more problems their is on your wallet (Remember what i said)

https://krld.radio.com/media/audio-channel/alex-holmes-chairman-ceo-moneygram-international-inc-nasdaq-mgi Nice podcast about 9 minutes. "I agree, a lot of those guys are doing what we did a year and a half ago , in pilot mode and testing xrp, but we’re about to do is move this forward in a very large way." @Zerp_Legend

I don't get why ppl do this!! Announce that they have sold some digital asset, token, etc. Sell and be done with it. You don't have to explain why, it's your money dude. It's almost like you wanted permission....LOL!! For the sake of completion, It's ok @Capone we forgive you for selling your XRP, no hard feelings my man....

This is really significant. Forgetting about the price of XRP for a moment, Larsen has been saying for years, "imagine if money could move like information". One barrier has been that the traditional/legacy repositories of capital have refused to trial digital asset rails at scale. This partnership suggests that a sea change is around the corner. My rent check took 10 days to settle last week, 10 days! Hopefully this a sign that those days will soon be behind me.

I'm out too....... ....of fiat to spend on XRP cuz this biznitch is going to the moooooooooooooooooooooooooooooooon! please let this age well..... please let this age well... please let this age well....

Blog URL: https://xrpcommunity.blog/xrp-news-update-regulation-on-page-one/ Part of crypto going 'mainstream' is regulatory compliance! I cover this and the latest news impacting XRP in my latest blog: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐍𝐞𝐰𝐬: The 'Financial Action Task Force' issues guidance for exchanges. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple is expanding into Brazil; Crypto Eri analyzes potential new xRapid corridors; Corporate Counsel interviews Ripple's Stuart Alderoty; and The Investment Association of China (IAC) appoints Yoshitaka Kitao as an advisor; 𝐊𝐚𝐯𝐚 𝐍𝐞𝐰𝐬: Kava announces they've upgraded Switch to support trading of Ethereum ERC-20 tokens. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Andre Ventura creates a new XRP fan video; Updates have been published about the Gatehub-related XRP theft; XRP Arcade is updated with information on meetups and a new tool for monetizing surveys; Crypto.com adds an option for earning interest on deposits; and Beaxy debuts with an XRP pairing; I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

It has been a while since I last wrote a blog or article. So, I wanted to let the #XRPCommunity know about the water filter distribution we did last week with Filter of Hope water filters that had been donated by the community. I will let the blog, my first on Coil, do the speaking. https://coil.com/p/BigBuck/The-Power-of-Water/eoDBTdFzf

Blog URL: https://coil.com/p/Hodor/XRP-News-Update-June-21st-2019/5jVJvC10y The MoneyGram deal and Facebook continue to grab headlines, but I cover all the other major news impacting XRP in my latest blog. 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐍𝐞𝐰𝐬: The Token Taxonomy Act has two new sponsors & I encourage people in the US to write their local Representative! 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Bloomberg's interview with Brad Garlinghouse is watched by 150 thousand twitter users; Brad Garlinghouse participates in a chat at the Fortune 'Brainstorm Conference' in Monkau, NY; a former SEC exec joins Ripple; and Interledger publishes the remaining videos from the ILP Summit in April. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬:Coil announces their 'Boosting Payout' program and provides an application for those authors interested; and I provide my latest Coil recommendations. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Wietse Wind upgrades the XRP Tip Bot (application) with higher limits; Leonidas reminds users that XRP Arcade has an option to keep up-to-date on the latest tweets; and CryptoDotCom announces that their 'Crypto Earn' program is now available for all US customers. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

Hi all, last night I had an amazing chat with a chap called Bitcoin Ben about XRP. He is a LTC and BTC supporter... a 'regular guy', who is really interested in crypto and has his own Youtube show. We had a blast... and talked for over 2 hours (grab a long coffee or a case of beer for this one!). We talked about all sorts, XRP, the XRP ledger, Coil, Kava labs, Ripple, etc. Ben asked a bunch of really good questions that gave me a good opportunity to explain things about how it all works and how everything fits together. Oh... and the best bit? He is a Coil subscriber now so he will actually be getting paid XRP when Coil subscribers watch his video! Enjoy!

Demand is a bit of a tricky concept. At all times, all XRP are held by someone, so at all times all XRP are demanded, the thing that can change is how much they are demanded, which gets expressed in the market price. Demand is a value placed on XRP by everyone individually (or as a business unit), and the demand curve is just an aggregate of all the individual demands. It's easier to understand it if you don't think of it as an quantity, but rather an amount that it is wanted- basically just an intangible subjective feeling. For example, if I want a slice of pizza, I demand a slice of pizza, and my willingness to pay for it shows the amount that I want it. I may want a slice of pizza up to $2, or I may demand it more and be willing to spend $5. I may not know exactly how much I want the pizza, only that I want it at least enough to buy it for the price the shop is selling it for. Some people may demand XRP up to 10c, some people may demand it up to $1, some people may demand it at $0. If I demand it up to 10c, I would be offering my XRP for sale right now, if I demand it up to $1 I would be offering my dollars for sale to buy XRP. So back to David's tweet, it's not really very useful to think of an xrapid transaction as an increase or decrease of demand, it's not really applicable. Additionally, the same can be said of any XRP exchange period. Every buy has a corresponding sell, xrapid is just two individual transactions that both have equal and corresponding buys and sells. Because demand is just an individual's subjective valuation for a thing, the only way to increase demand is to change how much people value it. More xrapid transactions has the potential to do that in a number of ways. One way is that it makes XRP more useful at satisfying the wants of the people using it. What they ultimately want to do is be able to transfer value from point A to point B, and more people transferring value means more offers to buy and sell at points A and B, which means tighter spreads, and the ability to send the payment without either waiting for a good offer, or moving the market to take worse offers. If XRP is more useful to people, more people will demand it, and more people will demand it more than they do currently. If it satisfies peoples wants more effectively, they will be willing to pay more for it, and the price goes up.

Central Bank Payments Conference Berlin, Germany, 24 - 27 June Organized by (clickable image) http://www.cbpayments.com/

A single for-profit company that has access to your full identity, your interests, your social network, your entire personality basically, by scanning what and how you swipe through the content that has been fed to you through your personal brainwash device (a.k.a. smartphone), now also gets access to your wallet, and your entire purchase history. It can not only make you want something, it can let you buy it with a click. The self learning algorithms will make sure you want it, and will make you click. Are we / governments just going to let our transformation into brainwashed swiping zombies that are fed and milked like cows by the server farms of Facebook happen? I don't think so.

Blog URL: https://xrpcommunity.blog/xrp-news-update-june-9th-2019/ The future is becoming more well-defined for xRapid and ILP micropayments! Learn more in my latest XRP News blog: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐍𝐞𝐰𝐬: The SEC's FinTech Forum was held on May 31st. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple founds a new subsidiary in Switzerland; SendFriend is going live with XRP payments this month; David Schwartz presents at the WeAreDevelopers conference in Berlin; and Ripple releases episode 13 of the Ripple Drop, covering 'RippleNet and On-demand Liquidity.' 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Suisse Gold, an online bullion dealer based in the UK, plans to support XRP purchases; and Vontobel, an investment banking company based in Zurich, Switzerland, announces a new XRP-based certificate for their customers. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

I'm going to try to keep this as simple as I can. Libra is a stable coins tied to multiple currencies. That doesn't work. I'll explain below. But first, we have to understand that stablecoins, by definition, don't increase in value, which limit incentive/reward to buy, hold or use. In a simple example of stable coins with just one peg, when the supply is insufficient for a purchase, simply more stable coins are printed, price doesn't change. The amount of money taken in is held in reserve until cash out. This creates a risk that the entity holding the reserves is honest, doesn't take a commission, and invests or stores the reserve safely. Someone has to hold the reserve and perform work to keep a ledger and process transactions. This isn't free, so the management costs will constantly have to be paid by someone, will have to be taken from the reserve holding, a fee has to be charged,.or the reserves invested for growth. (See risk above). Simply, someone has to pay. On top of all this, the underlying peg currency has to remain stable itself (not going to happen). If all people want to cash out of a stable coin, someone is going to lose. Now, let's complicate the stable coin by tying it to multiple pegs. In this case, let's say we're tying the stable coin to the value of USD, EURO, JPY, YUAN. Now we have to decide how the value of the coin will be derived. Example 1: Let's give each currency 25% of the weight of the value of the stable coin. In ANY scenario, of multiple pegs, one will perform worse than the others. The people who would MOST benefit from a stable coins would be those that denominate in the worst performing peg. The people would would LEAST benefit are those that denominate in the best performing peg. Thus, people from the WORST pegs will put in the most, to the reserves. Over time, the reserves (money that was taken in) will be disproportionately from the lowest performing peg, causing a gap in the reserves held and the stable coin market cap. Because the value of the stable coin is determined by a equal average of the pegs, Not everyone will be able to cash out. And this doesn't even take into account the costs associated with the maintenance of the coin or the transaction processing or the risks of an entity holding/investing the reserves. Example 2: The stable coin value could be derived from the value of the assets held in reserve. This would allow the reserves to meet the market cap value (everyone could cash out) despite the imbalance in peg performance over time. Needless to say, the costs associated with the operations, combined with the imbalance in peg performance would lead to a guaranteed loss of value over time by all stable coin holders. What would be the point? Just to send money to your Facebook friends? On the other hand - When the supply isn't available for an XRP purchase, the price has to go up to exactly the amount needed to entice holders to sell enough to meet the demand. Same with selling. It's an open market with price based on supply and demand. Almost no cost and no reserves that need to be managed. No central party needed to hold reserves. The value is in the utility, potentially increasing over time as new use cases are created. This could be a good place to hold your money to maintain or grow value; however, not without risk. Stable coins guarantee loss. All risk, no reward. The only people who make money here are those who control and/or manage the system. Clearly this is why Facebook wants to creat a centralized copy of XRP for their own gain, when a decentralized version already exists. If Facebook really wants to improve the world, why do they need to reinvent the wheel into a system that benefits themselves? Why not just build on what's already out there? Open market coins, such as XRP have risk of loss, but also come with potential reward. Choosing the right open market coins to invest in- those that can demonstate utility, can will lead to value growth to the asset holder - rather than the giving the value gains to the system or people who control the system. I realize this is simplistic and there is a lot more involved, but this post is long enough already.

I hope people haven’t forgotten that MGI has an exclusive partnership with Walmart. We basically just bagged Walmart indirectly for the time being.

Blog URL: https://xrpcommunity.blog/xrp-news-update-june-5th-2019/ The last week was full of important news for XRP stakeholders! Find out if you missed something in my latest blog: 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ginger Baker participates at the Europe Money 2020 Conference; and Ripple releases an important statement about their market reporting. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Stefan Thomas conducts an AMA on Reddit. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: The XRP Ledger becomes more decentralized with two new 'default UNL' operators; Ripple publishes an interactive tutorial for monitoring payments; B1X announces their platform will utilize the XRP Ledger; The CEO of XRP United makes a sad announcement about the death of the exchange's founder; Gatehub reveals details of a recent theft of XRP on its exchange and XRP Forensics begins tracking the XRP; CatalX, a Canadian exchange, announces an XRP-CAD pairing; Bitex adds support for XRP; and the 'XRP Merch Store' is now open for business. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

Blog URL: https://coil.com/p/Hodor/Xumm/GcD8MEL4B It's time to have Xumm fun! If you own XRP, you need to learn about XRPL Labs new signing platform, Xumm. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

Blog URL: https://xrpcommunity.blog/xrp-news-update-may-30th-2019/ As we near the beginning of June, keep up to date on the latest XRP developments! I cover the high points in my latest blog: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: The SEC will be holding the 2nd 'Distributed Ledger Technology (DLT) and Digital Assets' tomorrow. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Dan Morgan attends a World Bank FinSac meeting; Marjan Delatinne attends the European Blockchain Convention; Breanne Madigan, a former Goldman Sachs employee, decides to work for Ripple; Simple, a new remittance platform, was build in partnership with Ripple; Money Tap announces a new merchant program; and Interledger releases videos from the April Interledger Summit in San Francisco. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Two videos are released from the latest XRP Meetup in The Netherlands showing presentations from Wietse Wind and Bitrue; The design for Xign is shown by Wietse Wind; Taotao adds support for XRP; and imove adds wallet support for XRP. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

Nothing. Let banks run their own business, all these constant 'Are you using xRapid?' questions from the XRP community to every FI, under every tweet, support etc. is doing more harm than help in my opinion. Ripple has a product team, marketing team etc. - if they want to approach a FI in a professional manner and if they see value in it - they'll do it. Spamming some intern that works as a support guy is a waste of time. Not to mention that xRapid and sourcing liquidity on demand at the moment only makes sense when dealing with exotic fiat pairs, if most of the corridors are EUR/USD/GBP related there's really no point.

https://www.law.com/corpcounsel/2019/06/12/driving-in-blockchains-legal-guardrails-how-ripples-general-counsel-works-with-regulators/?slreturn=20190513030608

"'yo wass up XRP brothers and sisters...hehehehehe...shoutout to random guy, 'sappenin' brother...hehehehehehe...I'm a shoutout to everyone typin' in the stream, this is going to get tedious folks, but bear with me....hehehehehehehe...." sertee minootz leteer.... "'alright...I guess now we're about half an hour into the stream, let's get into some news....hehehhehehhee...BG my main man has updated his background image on Twitter...Oh mah gawd...."

The Vice President of American Express Colin O’Flaherty on Wednesday confirmed that the company was officially using xCurrent, a blockchain-based financial solution from Ripple Inc. O’Flaherty, who doubles as the General Manager of global commercial services UK & Russia, spoke at the last day of The Money 20/20 event held in Amsterdam. “Ripple offers instantaneous, point-to-point conversations between the sender and receiver of funds. And that provides a real opportunity to alleviate most of the issues our customers are facing,” he said at a discussion session at the event. Source: https://smartereum.com/18259/confirmed-american-express-amex-axp-officially-using-ripple-xrp-xcurrent-ripplenet-money-2020-xrp-news-today-mon-jun-03/

Reminder: There is no direct evidence pointing to Gatehub being responsible even though it may appear as the most likely scenario right now. Just be careful about jumping to conclusions What you can do right now, however, is preparing for action to be taken in all circumstances: If you are afraid that your funds are insecure, move them to a new account or re-key your current account. If you have lost funds, file a police report. Even though it may seem to not help immediately, it will require international law enforcement collaboration to investigate this – and rather have a report filed and "be in the system" than not. If you have any knowledge about phishing attempts (fake Gatehub emails) and similar, share it with them. Gatehub are surely conducting an internal investigation! I also belong to a small group of people who have been following this closely since the first reports came out, conducting our own independent investigation and monitor all transactions related to the heist, being in touch with exchanges where funds have been moved, analysing access logs provided by victims. We will share all information and leads we have with law enforcement agencies and assist in any way we can.

Blog URL: https://coil.com/p/Hodor/Cinnamon/GjIO4jjXv In my latest blog, I interview the founder of CinnamonVideo, Róbert Tarabčák, about his Coil-enabled platform's 'minimum viable product' release! I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

Lemme get this straight - you guys decided to specifically go to XRP Trading and Price Speculation club, find a popular topic about a TA pattern (pennant) on BTC chart, and then post in that very thread that you think TA is BS? Well, hell - you might as well have gone to a BBQ steakhouse and tried to educate everyone there about merits of being a vegetarian. Thank you for your opinion, but I think that you might be in the wrong place. Salad bar is across the street and it is called the General forum.

SBI Remit has been in partnership with Moneygram for years. I'd be surprised if SBI wasn't significantly involved in planning this deal. Also, everyone needs to start thinking about how this benefits all RippleNet partners, not just Ripple - last mile access at 400k agents in 200 countries, multi-hop considerations, etc. This is a really strategic move.

The XRP Ledger dev portal is not just moving to new digs, it's got a new philosophy. It's not Ripple's site, it's the XRP Ledger's site. (We're just helping.) Check out the new site and get BUIDLing! https://xrpl.org/

Hey all! We are aware of the matter and are looking into it. If anyone has any information please contact us at: security@gatehub.net GateHub

She also gets a mention from this morning's article from Fortune.com as one of the recent female Movers and Shakers : http://fortune.com/2019/06/19/have-we-reached-the-point-of-metoo-malaise-the-broadsheet/?utm_source=twitter.com&xid=soc_socialflow_twitter_FORTUNE&utm_medium=social&utm_campaign=fortunempw Here is her linked in, which shows 2 years as Senior Counsel at SEC, 4 years Head of Global Regulatory Affairs and Public Policy at Bloomberg, and past year at blockchain-related companies. https://www.linkedin.com/in/michelle-bond-6a141116

so glad we have yet another thread on this, since the last four or five didn't quite satisfy my soul

Yes, that's exactly how markets work.

I'm here for the top quality journalism posted daily in the Press section

Blog URL: https://xrpcommunity.blog/xrp-news-update-may-25th-2019/ Time to read the latest XRP news heading into this weekend! I cover it all, including a major announcement by Kava: 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Pat Thelen elected to U.S. Faster Payments Council (FPC); and Brad Garlinghouse participates in a podcast by Kara Swisher. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Stefan Thomas participates in an AWS Loft panel discussion; and an AMA is planned with Stefan Thomas at the end of this month. 𝐊𝐚𝐯𝐚 𝐍𝐞𝐰𝐬: Kava announces their new service, 'Switch.' 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: XRP Arcade adds an infographics page; and PayWithXRP publishes a self-identifying list of businesses that accept XRP. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

They won't be simply facilitating EUR-EUR payments and there WILL be a need for XRP. Again, inbound yes. Outbound, why would they. I get your point, I really honestly do but there is more to this story. We have more than 20 different currencies within Europe. At present, the euro is legal tender in 19 out of 28 European Union member states, in addition to 5 countries not part of the EU (Monaco, San Marino, Vatican City, Andorra and Montenegro). Kosovo also uses the euro, but is only partially recognised as an independent state. Every transaction needs to move through the ECB. It is not as easy as it looks and not everyone has the EUR, thats why we even have prefunding issues within the EU. Some countries even have a dual monetary policy (Poland for instance). XRP would be a no-brainer, even in the Euro zone. And I agree with you, it is good the way it is, but there are real ways to make it faster, cheaper and better overall. Opening up Target to more than just Swift is groundbreaking. ALL the european banks will eventually be able to use RippleNet next to swift if they like. Ps. Why am I even busting fud on xrpchat 😂