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Am I the only one who is absolutely pumped after the past week? SBI making moves towards the derivatives market SBI still processing applications and KYC procedures for their live trading platform Ripple potentially making moves towards lending and banking structures XRP being used as a base pair on multiple exchanges A US based exchange using XRP as a base pair and therefore effectively killing the security debate Coinsquare finally rolling out XRP Coil linking up with hyperledger Ripple continuing to make massive waves in the donation and charity space SWELL lining up to be an impressive show Sure the price sucks but honestly we need to just stop focusing on it. Roger f&$!*** Ver has changed his tone re: XRP .... Ran "Pseudo Journalist" Neuner has changed his tone. Maybe XRP still fails. Maybe another project catches up. Right now though? XRP is so far out in front that its not even a fair fight. Zoom out. Look at the macro. Its blindingly gorgeous. Hodl.

Hey guys , I just wanted to highlight that ripple labs filed 2 new trademarks last month( 2018-06-20) ( tbh. its jsut 1 in different design) .-https://trademarks.justia.com/880/01/runs-on-88001494.html Its called RUNS on Ripple and since it isnt posted on ripple.com or here i thought to share it with you. It is still to be examined so there are no news about that. My guess since the describtion as you can see is cryptic is, that apps that runs over the ripplenet will be marked as such( for example One Pay FX').So it will be no more guessing if an app or programm uses the ripplenet or not ( like we all did for Alibaba)

Yoshitaka Kitao sent three tweets today, two of which were articles where my original post Japan FTW - Forex was picked up by Crypto news outlets, his last tweet was 11 days ago and he sent three today, twice tweeting my article and a third tweeting about Ripple taking a large portion of the Indian market. I'll stop short of calling this confirmation of my theory, but its very exciting.

Let's say you make $60,000 a year. After tax you'll bring home ~$46,000 (depending on where you live). In this example, suppose you invested $10,000 in XRP @ .40 cents You now own 25,000 XRP. For you to make $1 million with your investment, XRP needs to reach $40. For you to make $1 million on your salary alone, you would need to save every penny, every year... for 22 years. Think about it. XRP already hit $3 earlier this year based on speculation. Do you think it is more likely for you to make $1 million on your own, by not spending a cent for 22 years... ..or by simply holding your 25,000 XRP? Do you really need that $10,000 back? If you end up selling in fear at a loss, and end up with $7,000 after tax/capital losses... what would you do with that $7,000? Put it back in the bank? Buy a 55" flat screen TV? Go on a week vacation? None of these possibilities give you the potential by simply holding your XRP investment. We need to remember that many people do not have any savings and will die in debt. To make the example even more realistic, let's say you're 30 years old, invested $10,000, you save $500 a month, with a 7% rate of return, and a 2.9% inflation rate.. Sounds great! Youll be a millionaire in 10 years!!! Actually.. no. At 65 years old, you'd make $967,311. That's 30 years of saving, and you still didnt break a million dollars. Dont get me wrong.. invest all you can into your retirement. But as a backup, if you're currently invested in XRP, the risk is worth the reward. I believe there is much better chance at making a million dollars by XRP hitting $40 compared to saving every penny for 22 years.

DCEX, a cryptocurrency marketplace for retail and institutional investors, today announced registration is open to the first digital currency exchange to utilize XRP as its exclusive base currency. https://www.finextra.com/pressarticle/74902/dcex-cryptocurrency-exchange-to-use-xrp-as-base-unit-of-account

Set sail with XRP in my latest blog! I cover the big news - and there is a lot of it: the Q2 XRP Markets Report, Bitrue, Wirex, Uphold, Blocktrade and SBI Virtual Currencies start things off. Note that the Q&A with Bitrue is an exclusive just for the XRP Community. Of course, I also include the latest developments by XRP Community developers; this includes updates about two wallets that you may not know about. I hope you enjoy today's lengthier update! Please leave any feedback below. Feel free to share my blog with a friend - or on any other platform - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

Here's my new article for the XRP Community Blog which follows up on the information presented in the Geopolitics of XRP. Managed to work in the "Runs on Ripple" trademark. Thanks @Talinos for bringing this to our attention. Great catch! https://xrpcommunity.blog/dont-expect-an-official-announcement/

Yes, please, let's trim this community of all the fat that are convinced the Clintons are the antichrist incarnate, and are spoon-fed lies by Alex "turn the frickin frogs gay" Jones, and fail to see the bigger picture of hiring a former U.S. president (the one that presided during the Internet bubble, no less) as keynote speaker, and don't know the difference between "principal" and "principle." The more Ripple can distance themselves from the crypto community at large, the better. Love this decision, and have loved watching all the loonies blow up over it.

So I have a lot more info regarding this topic in other sections of the site, but came across this one topic tonite. I'm not sure how much the idea of Ripple working with the UN has been discussed here, but hopefully this is worthwhile for you guys. The UNSGSA[UN Secretary-General Special Advocate for Inclusive Finance for Development] was founded in 2009 and is ran by Queen Máxima of the Netherlands. Per their website,[https://www.unsgsa.org/about] "She encourage universal access for individuals and enterprises, at a reasonable cost, to a wide range of financial services, provided by diverse responsible and sustainable institutions. As UNSGSA, she works in partnership with stakeholders globally to raise awareness, encourage leadership, and foster action toward financial inclusion. She draws on her first hand experiences gained through country visits and conversations with low income families, small business owners, policymakers, and others to identify which financial services and policies can really make a difference for lives, livelihoods and whole communities. She shares her insights and knowledge across countries through speeches, meetings and publications, among other channels. Queen Máxima regularly convenes stakeholders from diverse sectors, such as government leaders together with technical finance experts, mobile phone companies, health and agriculture, venture capitalists, development partners and more—helping people and institutions to learn from each other and form new collaborations. Queen Máxima is also Honorary Patron of the G20 Global Partnership for Financial Inclusion, since 2011. She is a champion of financial inclusion in her own country, the Netherlands, particularly in the areas of financial literacy and education." In 2016 they published a report regarding financial inclusion. Not only was a certain company we know mentioned, but Queen Maxima and her organization met and had discussions with them. "Queen Máxima collaborates closely with an advisory Reference Group of leading international organizations in financial inclusion to share expertise and suggest strategic opportunities. Reference Group members include"  Ryan Zagone is a member of the Better Than Cash Alliance [https://www.betterthancash.org/about/contributors/ripple-labs] who are also part of the UN by the way. We also know that The Bill and Melinda Gates Foundation created Mojaloop in conjunction with Ripple.[https://ripple.com/insights/news/ripple-the-gates-foundation-team-up-to-level-the-economic-playing-field-for-the-poor/] Is this all just a random coincidence? Or is this just further evidence that a lot of us can't imagine how big things could get?

A marathon runner knows what it takes to go the distance - much like the stakeholder organizations championing XRP adoption. In my latest blog entry, I describe the latest progress & news items in the XRP ecosystem, including a new Canadian exchange listing, my perspective on the AMA with David Schwartz and Asheesh Birla, and news about XRP Community developments. I hope you enjoy this latest article: Feel free to share my blog with a friend - or on any other social media platform or venue - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

https://bitcoinist.com/sbi-cryptocurrency-derivatives-market/ This probably belongs in Press, but I want it to get the eyeballs in General Discussion. Derivatives are the pot at the end of the rainbow. Please try to understand how big this could be. I’ll only say this - the total derivatives market is estimated at $1.2 quadrillion. Fin. EDIT: Just so people aren't confused - this is a cryptocurrency derivatives market, not a derivatives market in general. The $1.2 quadrillion figure should be viewed as a reference that shows how markets can exponentially grow in size when derivatives are added as a functional element of the total ecosystem. This is an institutional on-ramp, and will provide hedging, liquidity, and increased volume.

I was looking at the translated text from the SBI VC website since I don't read Japanese and saw this interesting note...

This thread is the result of reading a random whitepaper for a project called Apollon. They are targeting the entertainment and leisure industries. While they are not the main topic of interest here, it is worthwhile to note that they decided to use information from The Boston Consulting Group[BCG] regarding payments.  Much like Bain and Company, which was discussed in this thread... The BCG is of significant importance to us. Per Wikipedia, [https://en.m.wikipedia.org/wiki/Big_Three_(management_consultancies) ] "The Big Three or MBB refers to the name colloquially given to the world's three largest strategy consulting firms by revenue. They are also considered the most prestigious employers in the management consulting industry. McKinsey is the biggest of these with an annual revenue of $8.8bn (2016) followed by Boston Consulting Group ($5.6bn revenue; 2016) and then Bain & Company($3.8–4.5bn revenue; 2017 estimate)." Ripple is fully cognizant of how much influence BCG has and published an Insights article solely based on information published by the BCG. The full link is here [https://ripple.com/insights/three-forces-shaping-payments-bcg-global-report/] Taken from another Insights article, "These very smart people include those at the Depository Trust & Clearing Corporation (DTCC), which commissioned an in-depth research report by the Boston Consulting Group"[https://ripple.com/insights/2016-will-be-the-year-you-realized-you-dont-need-the-blockchain/]. So if the DTCC trusts the BCG enough to hire them to conduct an assessment, that is saying a lot considering, "The Depository Trust Company (DTC), DTCC’s central securities depository subsidiary, provides settlement services for virtually all equity, corporate and municipal debt trades and Money Market Instruments in the U.S. Approximately 1.5 million settlement-related transactions per day, with a value of approximately $650 billion as the end of the fourth quarter 2016...payment and transfer of securities ownership occurs at DTC, which provides custody and asset servicing for securities issues from 131 countries and territories valued at US$54.2 trillion as of 7/31/2017 [http://www.dtcc.com/settlement-and-asset-services] The acknowledgement of the importance of each company is definitely reciprocal as Ripple is mentioned in several of the BCG's reports. For example the BCG published the following article that included references to Ripple. The full article can be found here:[https://www.bcg.com/publications/2015/financial-institutions-technology-digital-corporate-banking-reaches-tipping-point.aspx] Taken from another article written by the BCG, "others, such as Ripple, are using blockchain technologies, similar to the algorithms that run services such as bitcoin to accelerate processing time for payment settlement and to lower transaction cost."[https://www.bcg.com/publications/2016/financial-institutions-technology-digital-fintechs-may-be-corporate-banks-best-frenemies.aspx] There are other examples of the BCG mentioning Ripple, but I think you guys get the point. Its honestly getting tiring repeating the same point, but once again there's a major, major, major consulting firm that is advocating for Ripple, so when they meet with their clients to provide guidance for them, what do you think they're suggesting them to use?

Not sure if anyone here HAS spoken to a lawyer/solicitor/barrister on this... but I have. Two in fact. One for the initial advice, the next for a second opinion. Both concurred on the subject in the following general manner: The current circumstance with regards to XRP in particular is somewhat unique, although there is a pretty much certain process that will likely be followed. Given the outstanding lawsuits with regards to XRP status, that creates a conflict of interest between the SEC and the courts. The SEC cannot oblige the court on a ruling, however they WILL have to abide by a ruling made by the courts. One must remember that SEC are a regulatory body and whilst they can offer guidance and accept an asset as a given type for their purposes and day to day operations, they do NOT have any say over the status of an asset in a court of law. This situation is undersood by both government entities and its likely the SEC will not intervene. This is known as "separation of power". Given this situation, it is likely the final decision with regards to XRP status will be decided by the first of the three suits which reaches the courts. HOWEVER, as the courts have jurisdiction, they will almost 99% certain take guidance from the SEC along with considering evidence from both parties in consideration before issuing judgement. Their ruling WILL be binding and will have the final say on XRP status. The two cases that follow after the first ruling will almost certainly follow whichever ruling is made in the first as a precedent will have been set by the judge in the first case. Now, objectively, if we put the vested interest to one side there ARE elements to XRP which do reflect the definition of a security. There are other elements that do not. There is a third and new element to the equation which is what makes the scenario somewhat unique and that is the "evolution" of an asset. Traditional asset definitions are set in stone as the asset dynamics do not change. Gold will always be gold. It will always be mined, it will always be measured in weight, it will always value purity value etc etc. Blockchain presents a problem in this scenario that is unique due to the potential change and centralisation in ownership over time. I think the majority here would agree that PoW assets in general become more centralised over time due to the ability to purchase hashpower and capitalise therefore taking more ownership over the entirety of an asset over time. Consensus would seem to be the opposite as it becomes less centralised over time, particularly due to the distribution of validation so long as it can be demonstrated that is the case. Therein lies the conflict. The law is finite. it measures and defines and pigeon holes and boxes a definition of something into a particular description so there is no room for convolution... but when the asset ITSELF is by nature ever evolving (i.e. for want of a better term, convoluting itself) then I would say the law would find it extremely ill equipped to deal with it. This is what makes the circumstances unique and why the situation is drawing so much scrutiny because frankly... no one knows what to do with it.

Decentralization proceeds again and now we have 8 non-Ripple validators in the UNL list: https://minivalist.cinn.app/ This time these two new validators that made to the UNL list are XRP community members: https://twitter.com/WietseWind https://twitter.com/rabbitkickclub I can't wait when (not if) the level of decentralization of XRP exceeds bitcoin officially then there is no more room for centralization fud one bit. This move from Ripple is huge hats off to XRP community. I also think this act from Ripple was almost like giving a finger to all fudsters.

http://galgitron.net/Post/Is-XRP-Too-Fast-to-Be-Worth-Anything @galgitron

There's a LOT going on in crypto as we speak, and the two Congressional hearings were just a sample. I analyze the testimony provided to Congress in both of those important hearings. In addition, SBI Virtual Currencies has gone live now for all Japanese users, marking an important milestone. SBI VC will have an enormous impact on sustained volume levels for XRP. Two recent conferences featured Ripple representatives, and Ripple has begun organizing for the next SWELL Conference! Last but not least, I make the case that the XRP Community should make more than a token effort to visibly and materially support businesses that in turn support XRP. While large Silicon Valley players address the high-profile use cases for XRP, the XRP Community can make significant inroads supporting retail businesses. I hope you enjoy this latest blog. Feel free to share my blog with a friend or on any other platform or media - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

Did you even read my comment? The faster Ripple sheds themselves of the crypto fringe, the better. That is my argument. Do XRP holders understand what side they are on? Do you appreciate why the vast majority of the crypto community at large hates us? It's because we are siding with "the man." Bill Clinton, Bill Gates, Benjamin Lawsky, Ana Botin - these are big names connected to Ripple, and these are the names that will allow Ripple access to the global financial infrastructure. If you are of such pure ideological standing, maybe this is not the token for you. We are sellouts; don't you get that? Ripple is not in the Reddit conspiracy business - Ripple is in the money business.

Say xRapid users start performing a lot of USD->XRP->MXN payments. There are two things that might happen: Market makers start making more money. This attracts more market makers. Liquidity improves, spreads go down. All the liquidity gets used up. There just isn't enough "bandwidth" left in the market makers and liquidity dries up. I don't think 2 is going to happen. But I won't be able to prove that until xRapid volumes ramp up and we see what happens. We've done a lot of thinking and working on how we're going to monitor market response to learn as much as possible so that we can make the best possible decisions about future corridors and mechanisms. Brad Chase, one of the stars on the C++/rippled team, moved to the data team to help them out with this. Initially I was sad to lose him from that team, but then I realized how awesome it would be to have someone on the data team who knew everyone on the C++/rippled team and knows how the XRP Ledger works in great detail.

There are a couple of things that make this more interesting than most. According to DCEX' website (https://dcex.com/about.html), their address is 582 Market St, San Francisco, CA 94104 which is a 5 minute walk from Ripple's HQs. In addition:

With the advance of mobility technology speed of mobility has dramatically increased, but the volume of mobility increased relatively much more. With the advance of information technology, speed of exchange of information has dramatically increased, but the volume of information exchange increased relatively much more. With the advance of payment technology, speed of payments will dramatically increase, but the volume of payments will increase relatively more. Saying XRP is too fast to be worth anything is equivalent to the president of IBM, saying "I think there is a world market for maybe five computers." back in 1943. The obvious mistake he made is that he did not anticipate the increase in computation demand. We now carry 2 billion computers in our pockets, each of which is a million times more powerful than all of NASA’s combined computing in 1969. Just imagine what will happen to e-commerce when all of these 2 billion devices can finally send payments to each other with just one touch, or even without a touch...

The world is collectively addressing the topic of cryptocurrency. In my previous blog, I analyzed the implications of the US Congressional testimony; in this edition, I discuss the G20's recent meeting and discussion of cryptocurrency, along with the next steps that were recommended by the various central bank members. In addition, Ripple made an important update to their recommended UNL and published the quarter 2 XRP Markets Report! This blog wraps up by discussing a lot of recent activity in the XRP Community. Hope you enjoy the read. Please feel free to share my blog with a friend, or on any other platform; and of course, thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread