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  1. 153 points
    The Very Beginning Shift/Shift Payments Since 2014, Ripple has been experimenting on multiple projects developing a debit card that would allow owners to easily spend their digital currencies. It first began as a joint effort along side Shift Payments to create the "Shift Card". Which the project was focused on https://ripple.com/insights/a-debit-card-powered-by-ripple/ The prototype card was integrated with both Coinbase and Ripple accounts at one point with the partners wanting to integrate the card with loyalty point programs and regular bank accounts in the future. Ripple was planned to be used for the settlement protocol for payment between fiat currencies, digital currencies, mobile minutes, etc. And in further innovation, https://techcrunch.com/2014/08/12/shift-is-developing-a-debit-card-that-lets-you-spend-digital-currency-loyalty-points-and-regular-money/ It would later be released that Shift Payments, now Shift, was introducing a VISA backed Bitcoin debit card. Suggesting the probability Ripple had been introduced to VISA long ago.... https://techcrunch.com/2015/11/20/coinbase-partners-with-shift-payments-to-issue-bitcoin-debit-card/ Unfortunately nothing came from it and the test wallets they used for the pilots have become dormant for several years. (although the main wallet has 375k XRP just sitting there) https://bithomp.com/explorer/rKbtT6j1JGjFnwkUp2Na1W8XE5Z79VsMYi https://bithomp.com/explorer/rpfFnyaChjzB8RNfT6VDYioFWfjghYXnvb Shift appears to have moved on but a possible explanation as to why nothing arose from it might be how cryptocurrencies were not favorably perceived in 2014. However one of the co-founders of Shift, Meg Nakamura added that https://techcrunch.com/2014/08/12/shift-is-developing-a-debit-card-that-lets-you-spend-digital-currency-loyalty-points-and-regular-money/ Whether they ever use Ripple or not in the future is up for debate but one of Shift's co-founders was Gregg Kidd, the chief risk officer at Ripple during the time. Interesting enough both founded Hard + Yaka, a fund that makes early round investments in exchange space startups. Previous investments? Global ID, Gatehub, Ripple, Coinbase, Shift, Bitso (expect XRPL to run thru it), ShapeShift and to our next topic of conversation.....Marqeta. http://hardyaka.com/ Marqeta Marqeta is an open API payment card issuing platform that has been enabling businesses to process credit and debit card payments. Marqeta has been establishing itself as a big company that has attracted notable clients and investors to utilize it's technology. Facebook and Oink are example of clients while this past July, VISA made a strategic investment in the company and formed a partnership to drive further innovations in commercial and consumer payments globally. https://techcrunch.com/2017/07/26/visa-marqeta-25m/ http://www.businesswire.com/news/home/20170726005359/en/Visa-Marqeta-Form-Global-Partnership-Drive-New https://www.pymnts.com/news/partnerships-acquisitions/2017/visa-and-marqeta-partner-to-transform-global-card-issuance/ https://techcrunch.com/2013/05/16/powering-the-facebook-card-marqeta-raises-14m-from-greylock-israel-to-recreate-the-starbucks-loyalty-card-for-merchants/ Marqeta is compatible with the Discover, MasterCard, and VISA networks. https://www.marqeta.com/api/docs/VhypzxwAANwA_Vgx/cards The CEO of Marqeta, Jason Gardner, has been very vocal and supportive of blockchain technology and it's possible applications. adding, It was also revealed in January 2016 that Marqeta had been working with Ripple on a defunct debit card product that would allow users to spend cryptocurrencies at traditional points of sale. https://www.coindesk.com/marqeta-ceo-bitcoin-blockchain-tech/ With the test wallets to prove this collaboration, https://bithomp.com/explorer/rwEFnxs7GQsHXBG9ARZNYcmBkZc81zphMC https://bithomp.com/explorer/rwYx6Mp1n8yMbGN9K4MkHsSNvibK4MPjQF (being really active last year and even doing fiat exchanges between USD and JPY) Only time will tell where this collaboration will lead to but it's safe to say that Ripple has really positioned itself well in regards to VISA and Mastercard. And one other interesting development has been Marqeta's new partnership with Ali Pay. https://www.finextra.com/pressarticle/71286/alipay-joins-with-marqeta-for-us-payments-play https://paymentweek.com/2017-10-27-alipay-marqeta-team-alipays-payment-processing-ambition/ http://www.businesswire.com/news/home/20171020005664/en/Alipay-Taps-Marqeta-Expedite-Payment-Acceptance-Retail One notable thing did occur (and is accelerating as we speak) this past March, Ripple introduced Payments Channels into the RCL/XRPL and ILP. Thus allowing the XRP Ledger to scale, https://ripple.com/insights/ripple-continues-to-bring-internet-of-value-to-life-new-features-increase-transaction-throughput-to-same-level-as-visa/ https://www.cryptocoinsnews.com/ripple-claims-transaction-thoroughput-now/ The network has now scaled enough to sustain the amount of transactions the VISA network sustains. One last note, https://www.finextra.com/newsarticle/31227/wirex-and-sbi-holdings-team-on-japan-cryptocurrency-payments-card AirWallex Ripple partners with ties to major credit card issuers don't end there. AirWallex is an international payments startup that is based in Australia that in October, it's partnership with Ripple became publicly disclosed. https://ripple.com/ripple_press/ripples-blockchain-network-now-100-strong/ This past May, AirWallex held a Series A Round in which it raised $13 million dollars in funds for the company. These investors included MasterCard, Gobi Ventures/Partners which is one of Alibaba's investment managers, and Tencent leading the investment round. Tencent's WeChat has roughly 980 million monthly users, with users sending about $1.2 trillion in mobile payments in 2016. Along with mobile payments in China, Tencent wants to expand WeChat Pay usage to other regions including South Africa, Philippines, and Malaysia. https://bankinnovation.net/2017/04/alipay-wechat-processed-3-trillion-in-2016/ http://news.abs-cbn.com/business/11/22/17/wechat-pay-launches-in-philippines-with-asia-united-bank http://www.marketing-interactive.com/tencent-confirms-plans-to-launch-wechat-pay-in-malaysia/ http://blog.wechat.com/2015/11/25/south-africa-launches-wechat-wallet-the-first-country-officially-outside-china/ And there is one more region that AirWallex is targeting thru a formation of a partnership this past week, Europe. On December 1, AirWallex announced a partnership with Railsbank to enable AirWallex also became Railsbank's Airwallex’s VP of Europe Expansion, Michael Stachowiak speaking on the partnership shared, https://www.finextra.com/pressarticle/71788/airwallex-joins-railsbank-platform https://www.pymnts.com/news/b2b-payments/2017/airwallex-railsbank-international-payments-partnership/ Along with it's partnership with AirWallex, the previous day Railsbank was one of eleven companies to be chosen by MasterCard to be included in it's Start Path program. With Railsbank being chosen for it's ability to give companies access to global banking networks thru APIs. https://www.finextra.com/pressarticle/71779/latest-mastercard-start-path-program-includes-blockchain-digital-identity-and-healthcare-fintechs Want to know what happened on November 30? (same day of Railsbank and MasterCard's annoucement) The European Central Bank hosted a digital transformation conference that Ripple was invited to. https://www.ecb.europa.eu/pub/conferences/shared/pdf/20171130_digital_transformation_conf/Conference_brochure_20171130.pdf A panel which consisted of Banca Sella, the Central Bank of Netherlands, PayPal, and Ripple was held to speak on the disruptive potential of fintech innovations for the retail payments ecosystem. Want to know what happened on December 1? (same day as AirWallex and Railsbank's partnership) Brad gave us a nice tweet The VISA and MasterCard connections are there and more subtle Alibaba and Tencent connections to Ripple are surfacing. There's a lot of money between Europe and China in e-retail.............
  2. 109 points


    Sorry to disappoint you guys but we're actually just buying a pizza. Brad Garlinghouse insisted I put a wink on this so everyone would know that i wasn't serious. So.
  3. 75 points

    A dose of REALITY

    XRP is at the core of and integral to what Ripple does. The strategy simply isn’t to force people to use it, but rather to make it a disadvantage for them not to use it.
  4. 64 points


    Escrowww!!!! https://xrpcharts.ripple.com/#/transactions/686FCA8F58041156482DABA782E053979626EB4126F3BFE3B9E401FBC143586A https://xrpcharts.ripple.com/#/transactions/F579BD3BF579A35D0F3C57653B3D1E617F29480F0261CF22481A59DB3855C372 https://xrpcharts.ripple.com/#/transactions/8250F008DDEFD54C539051DADC9DD890EF1E3DC7D64101697B4E5CF9EC5BF39E https://xrpcharts.ripple.com/#/transactions/2C8BC62AD15B585B44E75BC136A3511218ABD1B50D7B106817F4B751B722CAF1 https://xrpcharts.ripple.com/#/transactions/FA3907D4B84EB14415D412522CA8A637958259812B997F5E9E4AA51513F5D467 https://xrpcharts.ripple.com/#/transactions/63D847EE7D5691B45E6E1A4AD4E5DA715C78066A9D18DA56C53D1D6E23E8DCCD https://xrpcharts.ripple.com/#/transactions/7BDD6A96BF69F01F77CCD9B83ABED4607353EF12AEA86FD55F361D51E56FB37F https://xrpcharts.ripple.com/#/transactions/79D2751073BD932E962BD56EF7C7F02B21549322C25A8BEE5CD7BE2D161575C5 Give some praise to @Kakoyla ! I wouldn't have been able to get tipped off if it wasn't for him!
  5. 63 points
    Ripple is expanding quickly: It is entering a collection of other countries and continents, enlarging the reach of XRP. In my Black Friday blog entry, I analyze the impacts of Ripple's transformation in the past few months, and determine the impacts on XRP price and liquidity. I also provide a preview of possible announcements in the remaining month of 2017, and early 2018! Hope you enjoy the read; please leave any feedback below. Feel free to share on social media and with anybody & thanks for doing so! My blog announcements on other media: Twitter Reddit r/Ripple Reddit r/Cryptocurrency Reddit r/Cryptomarkets Reddit r/XRP Bitcointalk altcoin subforum (TBD) Bitcointalk XRP Speculation Thread (TBD)
  6. 55 points

    XRP: Momentum Building

    With the latest news from Ripple about trials between South Korea and Japan, the last four months of accomplishments, and recent hints about new xRapid partnerships, momentum is now firmly behind XRP. What does this mean, and what can we expect in the near future? I discuss rumors, hints, and how all of it might impact the future of XRP. Oh, and yes, I talk about the price increase! Hope you enjoy the read! Please leave any feedback below & thanks for sharing with a friend or on other media. My blog announcement on other media: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  7. 52 points
    I think we're right at that critical point now where we are starting to pivot some customers to XRP for some corridors. We have enough adoption now and enough value and liquidity in XRP that that's realistic. Cuallix is, so far, the only announced partnership of this type. The main limiting factor right now is everyone having enough confidence that the system is going to work correctly that they're willing to flip the switch and let it make large, irreversible payments without intervention. This means, for example, correctly handling a large variety of failure/error cases which, though unlikely, must be properly handled in a production system. Fortunately, we went through a very similar process with xCurrent.
  8. 52 points
    In a recent webinar (https://www.brighttalk.com/webcast/16103/288881/the-future-is-here-blockchain-and-digital-assets-drive-change), Marcus Treacher, Global Head of Strategic Accounts for Ripple (and former Global Head of Payments Innovation for HSBC and former Global Board SWIFT member) stated: I wanted to know what 90 percent might look like. Using Tableau, I created the following dashboard which can be accessed here: https://public.tableau.com/views/RipplesInternetofValue/RipplesInternetofValue?:embed=y&:display_count=yes&publish=yes The dashboard is interactive meaning you can drill down into the data by clicking on the various components. This is based only on the 33 customers Ripple has publicly disclosed. Ripple has another 70 or so customers they have not disclosed. Some key takeaways: Ripple has been successful with companies all of sizes (@Max Entropy, you should appreciate this). The top ten countries in which Ripple customers have physical offices are: US, UK, China, Hong Kong, India, Australia, Brazil, Singapore, France, and Germany. A picture really is worth a thousand words. Needless to say, after designing and obtaining data for the dashboard (which took several hours), I was a bit blown away by Ripple's global footprint. If you find the dashboard helpful, please share the link; especially those of you on other platforms (@Hodor, @TiffanyHayden, @TplusZero, @Xrphunter, etc.) if you feel inclined.
  9. 48 points

    SBI’s Impact on XRP

    In my latest blog, I discuss the incredible impact that SBI is about to play in XRP's role in Asian commerce, along with SBI's aggressive, recently-announced plans for vertical integration of crypto. All this coincidentally on the heels of Ripple's latest SBI announcement yesterday! Hope you enjoy. Please leave any feedback below, and thank you for sharing on other media, or with a friend! My blog announcements on other media: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  10. 47 points
    Friends, I've been working all night on a new analysis, as my suspicion this week is that we could be approaching what is known as the Asteroid Breakout, with Trailing Pacman and Sinking Stars. What you will notice in the below graph highlights key indicators that you should all be watching for in the coming months: 1. Asteroid breakout pattern as the star ship bursts through "average sized" asteroids 2. key/mother asteroid maintains excess growth and market share, while rocket ship bursts upward a. in this case, BTC and ETH (to a lesser extent) would be the key/mother asteroids. Rocket ship is XRP, which is becoming more clear by day. 3. Trailing Pacman effect to take place Q1-Q2 of 2018. This represents the masses and those whom have sold, trying to gobble up what remains they can. The pellets could be trace or fractional amounts of xrp tokens, or alt/shitcoins 4. Sinking stars. These which are represented by the likes of XLM, Doge, POWR, etc. Mostly scam coins which were once hyped up during BTC's Asteroid breakout, but will not gain on next wave of the Trailing Pacman
  11. 45 points

    XRP usage by Banks Confirmed!

    Japan and South Korea launch blockchain trial using Ripple Software, with official confirmation of intent to use XRP. https://asia.nikkei.com/Business/Deals/Japan-South-Korea-blockchain-payments-enter-trials-Friday?n_cid=NARAN012
  12. 45 points

    Top Five Reasons to Invest in XRP

    When it comes to crypto, XRP is the premier choice for future-proofing my investment, especially given the recent announcements by Ripple. In my latest blog entry, I discuss what I believe are the top five reasons to consider making XRP part of your portfolio. Hope you enjoy the read & please leave any feedback below. Feel free to share with any friends and on any other platform, and thank you for doing so! My blog announcements on other media: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/Investing Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  13. 44 points
    Hello everyone! I am very excited to be able to announce something here at XRP Chat in the midst of this crazy and long awaited rally XRP is going through. For the past several weeks I have been in unofficial contact in relation to Ripple in order to discuss the possibility of setting up/developing a Ripple/XRP B2B2C application in order to be able to start promoting XRP as a business and consumer payment solution. The timing would be ideal as all eyes are on crypto these days and the open position for an actual payment currency is out for grabs as XBT will clearly not serve. As we know XRP is by far best positioned to execute on this. It just needs the tools and the promotion. However for the time being Ripple's focus lies elsewhere as we all know, penetration in to the B2B2C market at this time can be very valuable to them. As they are apparently not planning on developing something themselves, I would like to make use of the possibility in offering them a specific proposal on this endeavor! This means I am looking for developers that are willing to discuss this with me. If and when this project obtains acceptance through official Ripple channels it might be supported in several ways. If you are an interested developer please contact me through a pm. For all others, please spread the word so we make sure it reaches all corners and competent developers can contact me. Let's take XRP to the masses!
  14. 44 points

    Updated Map of Ripple's Partners

    I have spent quite a few hours updating the RippleNet map in my free time. (Ripple, if you are reading this, it would be easier if you simply sent me an entire list of all your partners. ) Changes include (1) multiple colors for the company legend, (2) fixing the center of the map (rather than allowing Tableau to center the map based on the data), and (3) adding exchanges. The second change should be welcomed by some of our members in Europe (@cuber and @zenkert ). If you know of any companies I have missed, please leave the details in a comment below (including links). However, I do not want to include any companies that are speculative (i.e., Coinbase). Also, if you spot any mistakes, let me know. The full interactive dashboard is available here: https://public.tableau.com/profile/sebastian8319#!/vizhome/RipplesInternetofValue/RipplesInternetofValue.
  15. 42 points
    I put out a tweet to Brad Garlinghouse, which consisted mostly of a daydream that Ripple would target additional XRP uses cases, expecting little to no reaction. Instead we got this: I can see now that the writing was on the wall, but a public admonition that Ripple will be actively supporting alternate use cases for XRP was mindblowing. Excited to see how this plays out. P.S. This dovetails nicely with @mars75's detailed analysis re: Marqeta/Visa. Retail payments would be a phenomenal place to start. Check that out here:
  16. 41 points
    Youshitaka Kitao. Bloomberg profile: https://www.bloomberg.com/research/stocks/people/person.asp?personId=240694&ticker=8473:JP on Facebook:. Facebook.com/Yoshitakakitao Also, Brad on Twitter, WOW!
  17. 38 points
    Cryptocurrency is part of a "Megatrend!" In this blog entry, I discuss the trends impacting payments - and hence, impacting XRP. Hope you enjoy the latest - please leave any feedback below. Feel free to share my blog on any other media & thanks for doing so! Twitter
  18. 37 points

    UniCredit and Ripple

    For what it's worth, wanted to share this story from today with you. We had a call with out business bank - UniCredit Bulbank - a member of UniCredit group. We complained that the latest release of Mozilla Firefox browser was not compatible with their e-banking portal, hence preventing us to execute online payments. The customer support rep on the line recomended us to use "new system that uses tokens to verify remittance". Apparently, it was very new, hence they still do not advertize it openly, as per his words. He was dancing around technological terms (avoiding "blockchain", "ledger", or anything alike - which would be normal, given that majority from their customers aren't that savvy, hence probably the script he used is a part of training). When we asked if they used xRapid, he stopped, started smiling (we felt it through the phone) and said that he "approves - and very much likes that question indeed" but was not allowed to give any specifics like that. We felt it was an implicit YES. Of course, Ripple announced worrking with Unicredit group several blog posts ago. Not sure if we were wrong, but it was an interesting conversation. We will be getting that token-supported system on Monday.
  19. 36 points
    Crypto has lost its way recently; I talk about the effects of new investment money, the current state of crypto, SBI's plans, and how crypto should change if it's to avoid the ire of world governments. Of course I also throw in my prediction for 2018 about these trends. Hope you enjoy! Please leave any feedback below & feel free to share with others. Thanks for sharing on other platforms as well, including FB. My blog announcements on other media: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  20. 34 points


  21. 34 points

    Santander, AMEX, Ripple

  22. 34 points

    Santander, AMEX, Ripple

    I think the significance of American Express using RippleNet is a little understated. First of this is on RIPPLENET. Not ILP or other Ripple product. It will be on ledger- we can track it and there is a strong chance of XRP being touched in the future. American Express or a stated partner is likely operating as its own MM for now, exchanging at a set fee or 1:1. However, if this corridor expands they will need more pairs and pathfinding (if vanilla version is used) will result in the best rates- giving an option for us peons to act as MM. America Express operates it's own card network and is limited to US mostly. This means for it to succeed anywhere else it needs connectors. Probably one of the reasons its using Ripple to began with (besides forex), we can expect growth- perhaps rapid- if this works out. American Express is situated at the top of the premium business travel market AND corporate card services- a desired market for many competitors, even those on rival networks. Expect this space to heat up if this corridor and tech can lower costs for Amex and allow it to offer better perks. Corporate card services are not only micro transactions, but also the million dollar daily transactions range. If XRP is touched even for a micro amount of these transactions expect the price to raise American Express is routinely called out for being the most expensive card for merchants to accept. If this in anyway allows them to lower merchant fees (or if they even want to) while maintaining the business perks for its customers we can see Amex becoming extremely competitive vs. Mastercard and Visa @Hodor can dig up some more stats, but this just scratching the surface. It might also be interesting to check out other none card service that Amex offers that could be onboardered to ripple (ex: Traveller's Cheques, Amex is the world's largest provider).
  23. 33 points
    https://www.nikkei.com/article/DGXMZO24535220S7A211C1EE9000/ Google translation: "37 financial institutions such as SMBC and Resona Bank will begin remittance experiments from two Korean major banks and 15th, utilizing the technology of Ripple. Using block chain technology that multiple transaction participants share and authenticate transaction history, it cuts costs by nearly 30%, and it is said that overseas remittance can be done on the same day. It is actually used between Japan and Korea as early next spring." Thanks to @GiantGox for tweeting this.
  24. 33 points

    The $10 Las Vegas Party

    I'm already working on the XRP $100 party. Helicopters will take everyone to the private island: https://www.privateislandsonline.com/united-states/florida/pumpkin-key We'll have helicopter service to and from the island during the party. At the end of the party, we will have a drawing, and the winner will get to keep the island.
  25. 33 points
    I do believe that people have a right to know and understand what Ripple's prospects are and what the risks are. I see a lot of people focusing on what I think are the wrong risks. For example, I don't think Bitcoin and Swift are really potential competitors because neither of them is trying to do what Ripple's doing. (Ripple is much more harmed by bad things happening to bitcoin than good things.) I could be wrong about that, of course, but that's my view. When I say "who knows", what I mean is that I don't know of any specific reason or way that this particular risk would materialize. But these are the ones that I worry the most about and these are the ones I'm actively trying to make sure we avoid. I try as hard as I can to be honest about both our strengths and our weaknesses because the long term health of both the company and the XRP market is important to me. Oh, and as for: I don't think that's something to worry about. Once they're using our software, there are no technical obstacles to using XRP. If we can make it save more money, I can't imagine banks turning it down. Of course, if we can't make it save banks money or improve their payment flows, they won't use it -- but that's on us, not the banks.
  26. 32 points
    Let me preface this post with stating that I am in XRP since 2014/2015 and believe in the technology, the strategy, the team and the use-case. However I am puzzled, like many of you, by the a-typical price behavior of XRP. It tends to hover in the 24 ct. range like it did for a very long time in the 0.6 ct. range. After breaking news it will rise temporarily and then go back to where it was. I find it hard to believe that the mass of crypto investors steer away from XRP out of 'principle' as evidenced by the price rise last may. Looking at the Polo Trollbox at that time there was the same kind of greed as you see with any P&D. I didn't notice any 'principle' Ripple have stated many times now that they do not actively control price So the idea of coordinated third parties manipulating price (as explained recently in a post by someone who met an 'insider') becomes more credible to me @nikb @JoelKatz are you willing to shed some light on the following questions? Are you as surprised about the price behavior as many of us are here? If not are you allowed to explain why not? Do you have people who are specialized in analyzing market dynamics? Are you actively investigating current price behavior? Is there something you can do from a legal, financial or technical standpoint to stop third party manipulation (if any)? It would really help me to know that Ripple is looking into it or if you can state that you are not worried at all. Thx.
  27. 29 points
  28. 29 points
  29. 28 points

    XRP's Potential in Regards to Price

    Utility-based estimates are very difficult, but they are possible. I always try to use a semi-accurate starting point, but I think the starting point that I've been using might actually be too small. To start with, I assume that Ripple (the company and all its software offerings) will probably end up with a material portion of SWIFT's current payment volume. Let's say out of 2 quadrillion dollars, Ripple ends up with 10 % of that business by ~ 2020. (I feel this is highly conservative). Also, keep in mind that these numbers rarely decline over time, so the amount will probably increase. So then we arrive at ~ 200 trillion dollars per year flowing through RippleNet RippleNet is the collection of banks and FIs that use Ripple, not necessarily xRapid. Let's say about half of the banks end up using xRapid. That means 100 trillion dollars flowing through the XRP Ledger each year. Here's the point in the analysis that always gets really fuzzy - how do you go from a transaction dollar volume, to how much demand it would mean for XRP? To answer it, we need to zoom way in on an individual transaction. If a bank is using XRP to transition value, then they are taking, let's say $10 of USD, and then converting it to XRP. Then on the other side of the transaction, they are converting it to the target currency - let's say CNY. That means that two transactions have happened at a minimum: A purchase of $10 worth of XRP A sale of $10 worth of XRP To transact, the XRP must be removed from supply for the time it takes to complete the transaction - 4 seconds or less. In the scenario of a transaction, people are not demanding XRP as an investment - they are using it to transact. This is a similar distinction to the difference between buying USD as a ForEx investor in the hopes that you can then buy more of a foreign currency in the future, and somebody that just wants to take USD out of their bank account to make one transaction a few hours later. While one creates demand that lasts a measurable amount of time, the other one does not, and returns the USD to the money supply for others to use. However, in XRP's case, it replaces the concept of nostro accounts as well. So when we look at the 100 trillion dollars or so per year, it's not all classified as "instant transactions that return XRP to the supply." No. Instead, what we're looking at is companies, banks, and FIs storing or holding XRP either directly or through an intermediary. This is what they currently do with USD used as a bridge currency. China's central bank, for example, holds trillions in USD that just sits in reserve. Ripple is aiming to have banks and FIs hold XRP like they currently hold other foreign currencies. So we know that the 100 or so trillion each year wouldn't be the same as a long-term speculative investment, but it would have some properties that mirror it. That's the exciting part of the utility-based demand for XRP - its utility could be for instant XRP demand & sale (think micropayments), or it could be used as a more permanent bridge currency held in different accounts (think nostro accounts). 100 trillion divided by 365? = 274 billion dollars per day flowing through the XRP Ledger. That estimate assumes the following conservative variables: The same exact numbers that SWIFT handles are used as a basis - even though we know these numbers are growing each year The percentage of SWIFT's business that go to Ripple? 10 % by 2020. (I think this is too conservative) The percentage of Ripple's business that will utilize xRapid - and hence XRP - is 50%. (I think this number is difficult to predict) No demand from micropayments No network effect increase in transaction rate * * It's been shown that as transactions go from days to instant, and cost near-zero, that there's usually a massive increase in frequency of the transactions. So now to arrive at the expected XRP price in 2020 just based on utility (not speculation)... 274 billion / ~ 50 billion or less = $5. Most likely, we'd have to subtract out a large portion of the XRP that would still be held for speculative investment, however, and then do the division. That would probably look more like 274 billion / 10 billion XRP (amount of supply readily available for purchase at any one point of time) = $27 per XRP? If you factor in speculative demand, numbers well above $100 are not out of the question. This is why I hesitate to put upper limits on how high a coin can go - reality has always out-shone even my most wildly positive predictions.
  30. 27 points

    XRP dreamers

    I remember long time ago, we were dreaming for XRP at 0.5/1$. Actually it seems yesterday but it was 4 long years ago. We were called fools, crazy. We were told that XRP is scam, BTC is the real crypto, XRP price will collapse. But here we are. The fools will probably retire soon with lambos. The "smart" will cry because they probably invested in IOTA. Happy "long time XRP holder day"!
  31. 27 points
    https://www.txfnews.com/Tracker/Details/2df3b6cf-c529-4d5c-8fe4-138eab48fdf9/Standard-Chartered-Axis-Bank-launch-cross-border-payment-service Standard Chartered and Axis Bank launches cross-border payment service powered by Ripple 22 November 2017, Singapore – Standard Chartered and Axis Bank today announced launch of real-time cross-border payment service for corporates using Ripple’s distributed ledger technology solution. Set to revolutionise the payments industry, this offering is now commercially available for cross-border payments between Standard Chartered Bank Singapore and Axis Bank India, and, accessible through Standard Chartered’s corporate digital banking platform, Straight2Bank. The new service will see corporate payments from clients of Standard Chartered (Singapore) in SGD to accounts in Axis Bank, India’s third largest private sector bank, in real-time, with end-to-end visibility into the journey and cost of the transaction. This is set to revolutionise corporate supply chains between Singapore and India by improving the speed, transparency and cost of international payments. Gautam Jain, Global Head, Digitisation and Client Access, Transaction Banking, Standard Chartered, said, “The successful launch of our commercial cross-border payment service marks a significant milestone in the financial industry’s progress in applying distributed ledger technology for corporates. We are incredibly proud to be leading the way in this area. This affirms our commitment to digitisation and innovation as we continuously look at new ways to add value for our clients and their ecosystems; in this case, corporates trading between Singapore and India.” Leveraging Ripple’s proprietary distributed ledger technology solution, the new payment service gives corporates greater control over cash flow. This is made possible by the near real-time nature of payments over Ripple including full transparency of associated fees, which can be advised before transactions are executed. In addition, these payments are pre- validated, providing straight-through processing and fast settlement that lowers the overall cost of processing the payment while allowing for greater certainty. Himadri Chatterjee, President, Transaction Banking, Axis Bank, said, “While there have been significant innovations in domestic payments, cross border remittance has seen limited developments. Using APIs and distributed ledger technology, there is an opportunity to radically change the way international payments are handled. We are excited with the potential of the technology to bring innovative services to the market and help us enhance value to our customers.”
  32. 26 points
    Google will use XRP, coinbase will add XRP, uber will use XRP, Kim Jong-un said he will fuel his missiles with XRP
  33. 26 points
    It's kind of sad to see the community so desperate for news/price movement btw (not targeting the author, but in general), I've been around for some time now, but it was never this extreme. There are a lot of threads currently literally clutching at straws, just chill out guys.
  34. 26 points
    Thats how i felt doing my research. Your post is definitely more work. Did you feel that way?
  35. 26 points
    After repeated conversations on this topic I am putting my reasoning in full here for future linkbacks as a bookmark so I can spare myself the pain. It's long because I want to say it in full. Sorry. [I'm editing this as I come accros new thoughts or information....] The human brain, and maybe all animal brains, has a remarkable ability to see patterns. We look into the sky and see animals or other things in the outlines of the clouds. Indeed once you've seen that cloud as a dragon, you can't unsee it until it changes shape dramatically. This is a very useful skill in nature that has let us determine, for instance, that when the birds flew back into the desert the rains were about to come. Or that when this particular tree flowers... the fruit down in the gully will be ready to eat. Even those fearsome predators the crocodiles, with their tiny walnut sized brain, know that if the fisherman launches his dinghy every morning in that exact spot, it's worthwhile to wait silently unseen there the next morning. Pattern recognition has served us well. It may be built into the most primitive parts of our brains. But unchecked by reason, it creates conspiracies from observed patterns. So when we see XRP bouncing along in its current support band, seeming to be forced back at every rise, it's natural to conclude that there is a pattern, a reason behind that behaviour. The damn thing is so valuable, and so useful, and yet it is way undervalued. So if it doesn't rise to the 'proper' value then it must have been forced back. We know that selling big numbers into a rise can stall it and turn it around if there is not overwhelming impetus. So the theory arises that the entity with the most XRP available for selling must be keeping the price down deliberately. But why? Ah... it's to allow the FI's to buy in at the one stable price. We know Institutions value stability... So this is done for them. It makes sense. It's fair. Try telling that to the average investor.... and it sounds right, and matches the facts on the ground, so it's an easy sell. Everyone and his dog buy into the theory. So once again the hated Ripple are screwing over their loyal investors. It's a golden narrative that gets instant traction. But it doesn't stand up to scrutiny. Or match the facts as we know them. In fact it's so wrong headed that it would be laughable if it wasn't so ubiquitous and pernicious. By this point, because I am so long winded, few will still be reading, so I guess I could just say "Jed spreads fud" here a few hundred times and most would never see it... but in case some folk with an attention span longer than a goldfish are still reading... let's press on. Ok, so what are the counter arguments? 1. First of all Ripple themselves say they don't suppress the price. I guess it's easy to disbelieve a company line because of the innumerable lies we have been told down through the years in the interest of greater company profits. But this has been said by David Schwartz. He strikes me as a straight shooter. I've seen a number of his appearances and writings and in my judgement he has too much credibility to lie about this. If you think otherwise you either think he is lying or he doesn't know what is happening in the company that he helped start. He definitely has a huge intellect and I would be really surprised if such an important fundamental could be hidden from him. Here is a quote from his Reddit posts: "Ripple sells XRP on the open market indirectly. We employ third parties to make markets between XRP and other assets on various exchanges. They place both buy and sell offers to improve liquidity and tighten spreads. Their algorithm has a net sell preference of approximately 20 basis points (0.2 %). Ripple has no short-term control over the timing of these sales. We do this to ensure that there is no chance that our strategy is influenced by non-public information. We are not under any regulatory requirement to be this transparent and very few other entities in the space are this transparent. We also have strict rules regarding employee, board member, and advisor XRP sales. We do it because we believe it's the right thing to do and because our partners demand it." Here is another replying to someone who can't imagine anyone other than Ripple could be surpressing gains: "I think you just lack imagination. It's easy to imagine different scenarios. For example, here's one: Ripple's progress and general optimism in the space provide periodic upward pressure on the price, particularly during periods when bitcoin isn't posting $1,000 gains each day. But a single whale who invested more than a million dollars when XRP was below a penny has a target price of $0.26 and would rather reduce his position as quickly as he can than let the price rise because he has no loyalty to Ripple. That's just one possible scenario." 2. If Ripple were doing this then they would be breaching the regulations that they intend to work within. It might not be technically illegal right now, but it would be a huge risk for them to take so it would need a huge upside. They hold themselves to the highest standards so that no matter the regulation that comes they will be already compliant. And there is no upside to a depressed, even just temporarily, price for XRP. 3. It's not in Ripples interest to hold the price down even for a day. Ripple are fully aware they need to press on with their first mover advantage because penetration is what is going to get some digital asset, whatever asset that is, used as the common denominator across the ledgers. To help gain usage they need more liquidity and that only comes with healthy order books at significantly higher prices. Unfortunately in the current market the price is driven by speculation... and Ripple know that keeping in the top few marketcap is critical to speculator FOMO. Perversely, folk seem to want to only jump on the coins that have recently risen and shun the slow movers. The bulk of the crypto investment community hate Ripple and so will only buy if there is serious fomo. Certainly the new punters only want to hop on th rising coins. So Ripple are surely aware that if they want higher price they need at least to keep up however laggardly with the front runners to some extent. 4. The idea that banks need price low and stable to buy in is laughable. For a start they can use XRapid without owning any XRP and irrespective of price. Obviously higher price means more liquidity which means tighter Market Maker margins which means lower costs but it works already at the current price in inefficient corridors. It will only get better as adoption continues. If the price is steadily climbing they actually can make money by simply stockpiling some XRP for their own usage and thus needing less of it per transaction dollar than previously. They also cut out the Marker Maker spread. They would be very happy with that. 5. More laughable... Some folk say the price needs to be stable to be fair for the institutions buying in later. That's the most laughable of all.... it's exactly the opposite of universal business practice and no-one, absolutely no-one in business is upset if things are to their advantage against a competitor. The late comers don't get upset either... That's exactly what they expected would happen. Truly a laughable idea. I've typed all this offline over a couple of days and I'm a bit sick of it now.... I might add to this if I remember any more later in an addendum edit. In truth I'm actually suffering from the flu right now, and being able to occasionally type something has been a nice distraction. Thank you Fudders.
  36. 26 points

    IOTA passes XRP in market cap

    Why? I’ve publicly commented on IOTA before, as well, and my criticisms largely parallel the ones Miguel was responding to. Generally, I avoid making negative comments about other projects and other developers, but there are design decisions in the IOTA codebase that simply cannot be defended. Please understand that my criticism is technical and has nothing to do with the idea behind the project. For me, it’s a series of “WTF” moments with IOTA: First it was the obscure “ternary” encodings. Then it was the custom crypto. That was a huge eyebrow raiser because cryptography is as much a science as it is a dark art. Custom cryptography is, almost always, bad cryptography. And then there were the peculiar code constructs “sold” as “copy protection”. There comes a point where you have to say: “this far, no farther.” For me and IOTA that point came a while ago, but I’ll repeat it for posterity: This far, no farther. If people like IOTA, then more power to them. I’m not in the business of telling others what to buy, what to sell and what to hold, and I make it a point to never make recommendations to others. People need to do their own research and reach their own conclusions.
  37. 26 points

    Banks will use Ripple but not Xrp

    I had a very long talk with a great family friend that works at Citibank in the markets and securities services department. This guy is pretty high up and he knows what is going on in the industry, and what he's talking about. He specifically said that many banks around the world will adopt and have adopted Ripples software along with the ILP. But the harrowing part of this story is that he said banks will never adopt Xrp, and instead will use Xlm as their preferred digital asset. He said there's a reason IBM chose to work with Stellar over Ripple. Banks are now looking at Xlm as a much better digital asset, which is also more decentralized.
  38. 26 points
  39. 25 points

    XRP: Volume Analysis and Recent News

    In my latest blog entry, I discuss the increasing volume for XRP worldwide, and the implications from recent hedge fund announcements. I also analyze recent trends for XRP and Ripple as 2018 approaches. Hope you enjoy the read - please leave any feedback below. Feel free to share my blog with others and on other media, & thank you for doing so! My blog announcements on other media: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  40. 25 points
    His analysis is accurate and honest. To me this is sign of extreme confidence... You NEVER see people being open like this. If you're into video games you know they always try to sell you dreams, hyping garbage, etc. Back when I was interested in other cryptos, I really liked sia because of how open the team was about scaling issues (among other things). I personally value this attitude... (My boss told me that one of the reasons he hired me was the fact that I was the only one not overstating my skills and that I was being open about my weaknesses whilst showing a willingness to improve... Actually I'm 100% sure this cost me a few job interviews, but I don't like being a phony)
  41. 25 points
    I think the bigger picture is that Ripple is focusing on adding liquidity (as Miguel says in the video), which in a fancy way of saying 'distributing XRP so volume increases and eventually price'. They are distributing XRP via the open market and by offloading incentive packages of XRP to their customers who subsequently eventually also sell on the open market. It's really irrelevant whether it's Ripple or their customers who sell on the open market, what is important is the overall rate at which all of it is hitting the open market, and as we all know, it's at a controlled choreographed rate as evidenced by the perpetually stable price, no matter how good (Amex), or bad (Jed) the news is. If one of their clients dumps a huge amount of XRP onto the exchanges, then Ripple slows down its sales to compensate, and this happens organically because Ripple just watches the price and adjusts sales accordingly. XRP is not a highly-distributed gamble-coin like bitcoin that submits entirely to TA, no, XRP is Ripple's bridge tool and they want it to have the reputation of stability and appreciation so they use their absurdly massive war chest to eat the high volumes. Count on the price staying precisely where it is until Ripple decides that enough XRP has been distributed, which could take considerable time because if you think about it, they want as many seed clients as they can, and if they allow the price to go up, then the earlier seed clients will have received lopsided higher value than the newer clients. Also, by keeping the price at a very cheap 20 cents, they can really move a ton of XRP into the ecosystem, which serves the equivalent function as bitcoin's 'mining' aspect for distribution. It may seem frustrating to those that are used to TA driving most crypto's value, but that's because they don't understand just how much control Ripple has over the price, nor why Ripple would choose to keep it low. They get all upset because no matter what the news, nothing moves. Well, if I was a savvy investor (facetious alert), and I see a company that can essentially dial in whatever value it wants for its coin, and their entire profit strategy is the future value of the coin, Jesus man, let me on that no-brainer train. I can wait a very long time for a sure thing. In fact, the longer I see 20 cents with the mammoth volumes of XRP leaving Ripple's hands, the happier I am. And don't even start talking to me about the orgasmic explosion of locking up the other 55 billion coins.... .. (need a moment...).. wow.. Ok, I'm fine. No seriously, what was I talking about? Oh ya, so for now, forget about the price, even Ripple says they don't care about the price right now because, well, they can turn it up at any time, so it's much more important to get as much XRP distributed as possible now so that the eventual value of XRP they'd really like it to be can be sustainable and won't be disruptively volatile. Without distribution or volume, it won't take off. Conversely, If they stop meddling with the price and let speculators take control of it now, it will moon, fall over, and then no FI would touch it
  42. 24 points
    New fund... Arrington XRP Capital. Just announced $100 million crypto fund only accepting XRP!
  43. 24 points
    Hey guys, i got the email too..i have proof
  44. 24 points
    I think it's exactly the opposite situation for XRP than the title suggested: the market manipulators are absent here. The trading volume speaks for itself. XRP's volume only peaks when related news hit the market, the price normally reacts with a small pump, the traders then take their profit and leave, hence the correction. The hodlers hold their position and wait for the next wave, so the volume went back to normal. The evidence is that you don't see a irrational spike of trading volume following the bull news, just the normal pumps and dumps. Comparing to other cryptos you could see: the normal volume for XRP is around 100-500M/24h, a ripple bull news normally increase this number to 500M-700M/h (lockup for example, check it in CMC's historical data). For IOTA, it's normal volume is around 100M-200M/24h, yet a single (single!) Microsoft news gave it around 2000M/24h and now still sitting at around 800M/24h. For LTC, a 3000M/24h volume went out of no where since yesterday, comparing to the normal volume around 300M-500M/24h. For me these are the evidences that proves manipulators play a major role in other altcoin markets, and in turn they prove their absence in XRP markets. And further, it's quite logical for them when you think deeper: they wouldn't touch XRP markets because the big stabilizer: Ripple's large XRP position. They would suffer a hefty loss if Ripple decide to retaliate their manipulation attempt. So to sum it up, in XRP market, if there is a manipulator, it's Ripple; If Ripple wouldn't do that, no one dares. Judging from the perspective of trading volume, I tend to believe Ripple haven't done any manipulation in the past.
  45. 24 points

    Ripple and WeChat

    The possible relationship between Ripple and WeChat has been speculated before, but I think people didn't give enough attention to the evidences. I strongly believe that WeChat Pay is using Ripple technology and might eventually use XRP to settle cross-border payments. Look at this: Tencent (WeChat owner) invested in Airwallex with the goal of making cross-border payments more effective (https://techcrunch.com/2017/05/01/airwallex-tencent-series-a-mastercard-sequoia-china/). By looking at their website, it's pretty clear that WeChat Pay is part of their core business: https://www.airwallex.com/en-AU/wechat MasterCard is also one of the investors (There are rumors of a possible partnership with Ripple). Airwallex joined Ripple according to the latest announcement (https://ripple.com/ripple_press/ripples-blockchain-network-now-100-strong/). So, if you connect the dots: Tencent (WeChat) >> Airwallex >> Ripple Imagine the amount of cross-border payments for all the hundreds of millions of users: https://pay.weixin.qq.com/wechatpay_guide/intro_settle.shtml Ripple will need to drastically increase the liquidity of many pairs (XRP/CNY, XRP/JPY and so on) in order to meet their needs if xRapid is pitched at some point. We are talking about many billions every day for each pair. Crazy to think about what XRP can become in the future!
  46. 24 points
    This will force ICO's to start accepting XRP, which will tie up large chunks of XRP, all be it not permanently. This will also place pressure on exchanges to make XRP markets against other cryptos and is a big push toward XRP replacing BTC and ETH at the center of the cryptoverce. This is some damn good news for XRP if I have ever seen it.
  47. 23 points
    When the CEO of a FI valued in billions and billions of dollars says he's all in, you simply shut up and listen.
  48. 23 points


    I'm pretty sure that the date was predetermined. We aren't clairvoyant.
  49. 23 points

    Information war on Reddit

    I lurk and don't post much, but the ****-tweeting against xrp caught my eye after it rose on the Amex news only to settle again because 'it's the tech not the digital asset' Xrp seems to suffer crypto-hate because it has a real use case. Let me explain. Most cryptos seem to be launched on hope and vague promises of store of value/means of exchange. The tribes promote their own coin because belief is the only driver of value. More belief means more value. The social proof also helps prove you're not an idiot for buying it. So every announcement - new website! New exchange! New pilot! - moons the crypto because it pumps belief. No one knows the true value of the coin, so you get hype and tribal war cries to defend the precious store of belief against non-believers. Xrp has a declared use-case and known drivers of value - escrow, adoption, use in payment corridors. It will (soon) have objectively determined value generated from its usefulness. FIs wanting xrp to do what xrp does best will drive value, not crypto-twitchers on twitter or Reddit. There's no need - or benefit - to proselytize its virtues in the long term. Unlike other cryptos, it will have value regardless of the belief in its value (or no value if those drivers fail or fail to eventuate) This asymmetry of information usually means a good buying opportunity... if you're right and not just drinking your own bath water. The tech has to be adopted before the native asset is useful. And the native asset isn't useful until it has sufficient liquidity to sustain the use case of cross-border transfers. So the tech had to be built in such a way that it was both good-enough without xrp AND xrp was a valuable-but-not-mandatory option of the tech. This allows for the network to be established while providing a mechanism for the network benefits to be exponentially unlocked over time with the benefits disproportionately shared by early adopters, yet again reinforcing incentives to build the network. Xrp isn't a share in ripple, but it is a unique opportunity to share in the kinds of rewards ( and risks) ordinarily reserved for VCs. Seriously, the people who built the business model for ripple are geniuses. If ripple executes, the tired 'its ripple tech not xrp' will be suddenly, mysteriously, all-too-inevitably-in-hindsight dead wrong. The network and the liquidity will reach a critical mass, allowing all those entities using the tech and not the digital asset will flick a switch and activate the cost savings and capital freedom xrp promises. It's unlikely to moon on a single day. Each 'tech-but-not-xrp' partnership is inexorably building the network. I anticipate something like google. Look at its share price since inception. There was never a single day it 'Proved' you could monetize a search engine. It's share price just rises and rises until you kick yourself for not having bought in but can't identify a single day when it seemed to make sense to do so.
  50. 23 points