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Showing content with the highest reputation on 04/24/2017 in all areas

  1. http://nacha.eventpedia.us/Event/ActivityDetail?EventActivityKEY=6146759a-bb26-4dba-99c4-c838a23f5e3f&isPreview=False The presentation is available from the page above: "Together at Last... Blockchain & same day ACH: A real Story" http://documentcenter.meetingcaddie.mobi/Events//8352cdef-b7b5-42cc-b806-71414c0e65d3/Documents/08d09e7e-3afe-4fe0-98c0-ca628fd475a7.pdf I'm sure there a lot of nice infos, for example this is the first time I see YES BANK (India's fifth largest private sector Bank).
    13 points
  2. "eZforex.com, Inc. (eZforex), a national leader in providing foreign currency for travelers through financial institutions and cutting-edge international payments solutions, announced today that it is expanding its suite of global payments solutions to include Ripple’s BlockChain technology. Ripple, a San Francisco based company, connects banks around the world by offering real time cross border payment services to its customers using BlockChain and Distributive Ledger Technology." http://finance.yahoo.com/news/blockchain-u-financial-institutions-now-190400442.html
    11 points
  3. This is addressed in some other threads but there several possible reasons. 1) Regulation clarity, Japan has official rules and regulation that clarifies digital transactions that helps provide clarity to banks. 2) Culture, Asian countries in general are more tech friendly and often have the mindset of fierce technological investments to drive profits (rather than procedural changes found on Wall Street). This is also true of these countries consumers, who are more open to new tech. 3) Many countries in Asia feel that SWIFT, World Bank and other international banking tools are tailored t
    10 points
  4. Bank of Tokyo-Mitsubishi UFJ, the biggest bank in Japan, finally joined the consortium of SBI Ripple Asia. http://www.nikkei.com/article/DGXLASDC24H28_U7A420C1EE9000/
    9 points
  5. The consortium in Japan is just like GPSG. They joined it. So MUFG is a member of both GPSG and RC Cloud now.
    9 points
  6. When banks currently buy XRP from Ripple. They do so for the pilot phase of testing and to provide ample liquidity in providing the initial cross-border transactions (what we are seeing now). This is similar to a company that gives you a sample of their product to test it out. The main bulk of XRP in providing the liquidity for cross-border transactions or remittances will be utilized by Market-Makers. A market-maker may be a separate investment company that partners the bank to provide this liquidity, or it may be a subsidiary of the bank itself. Market-makers would be setup the same manne
    8 points
  7. mike91

    88% of Global Banks

    This fits very well with the article mentioned earlier this month (and today at the chatbox by midair77) It's about this article (discussed here) https://www.theguardian.com/money/2017/apr/08/leaked-santander-international-money-transfers-transferwise It also matches the Nikkei article about Ripple (discussed here) http://asia.nikkei.com/Business/Trends/Innovation-transforming-payments-industry?page=1 Even the Dutch Central Bank knows for several years the potential of blockchain: https://www.rtlnieuws.nl/economie/home/dnb-werkt-aan-eigen-bitcoin (The DNBCoin mention
    6 points
  8. 5 points
  9. Combined with the D+H articles/news, this quote seems to be prescient: The new financial rails have been laid with hard and underreported work behind the scenes. Now I think we are watching Ripple cross the chasm into mainstream bank adoption faster than anyone could've imagined. Congratulations to the Ripple team. As a bonus, it's also interesting that the eZforex CEO used to be the Global Payments Director at the Fed.
    5 points
  10. You're right! Time for a rebrand. Instant ACH ©
    4 points
  11. I missed this. Check out this page from the PDF below (labeled pg 9). 11 banks issuing nine fiats on the Ripple tech stack in 2017. This doesn't include NBAD who I believe was issuing EGP, JOD, and another. India online this quarter? Wow. I don't know what to say.
    4 points
  12. Those institutions looking to use the technology will be purchasing directly from Ripple. Price increases will mostly be driven by private investors and traders in the same way as it is for every other cryptocurrencies. As more XRP is sold OTC there is an increasing chance of worldwide Ripple adoption. These sales should inspire confidence, resulting in more speculative purchases from the private investors and traders. As time passes those banks and institutions that have not been onboarded will have to buy on the open market as mentioned by @Duke67
    4 points
  13. This is from the NACHA conference going on this week: THE FUTURE OF DISTRIBUTED LEDGER TECHNOLOGY INTERMEDIATE Our panel of industry experts provides an update on developments for crypto-currencies and DLT and shares use cases illustrating the decision framework enabling financial institutions to engage with this technology. Cheryl Gurz Director, Global Payments Solutions, CGI Christopher Mager, CTP Managing Director, Head of Global Innovation, BNY Mellon James Methe Principal, U.S. Payments Head, Capgemini Gene Neyer Head of Product Management, Global Transacti
    3 points
  14. Data from last 5 years show that we are at the highest...there is great interest now in ripple
    3 points
  15. Duke67

    Ripple Distribution

    How can you know that Ripple sells XRP at "significantly lower" price??? What if they sell large chunks HIGHER than is the price on Polo? Why? Because the buyers need much more XRPs than is available on those crypto-kid markets, that's why! There are hundreds and thousands of banks around the world that will sooner or later deal with the "to buy XRP or not to buy" dilemma. Then there are many thousands of financial institutions, investment funds, hedge funds, VCs, market makers that would like to join the future-of-banking party. On the other side, Ripple is only one. Do you thi
    3 points
  16. We can't know what she told them, neither why she was there. But she was invited to tell them a story.... https://twitter.com/Ripple/status/855954875191926784
    3 points
  17. Spekul8

    Future of XRP

    The price has moved recently from .006 to .03 which is 500% move. So be patient and give it a chance...it can't move at this pace all the time, right?
    3 points
  18. JPMorgan calls it too: Same Day ACH https://www.jpmorgan.com/global/cib/treasury-services/faster-ach-payments "The payments industry is changing rapidly in response to client needs and the speed the market demands. Nowhere is that more evident than with the launch of Same Day ACH on September 23. This new ACH payment option gives all ACH clients the option to initiate and settle payments on the same day within the US. The result: Your payments and collections occur faster than ever."
    2 points
  19. 2 points
  20. 10 PRINT"#XrpTheStandard" 20 GOTO 10 RUN
    2 points
  21. CNFlinch

    Is D+H a Ripple partner?

    Wow, so you're just running with it to see what happens.
    2 points
  22. Duke67

    Is D+H a Ripple partner?

    It surely is. Twitter never lies.
    2 points
  23. kanaas

    Is D+H a Ripple partner?

    https://ibsintelligence.com/ibs-journal/ibs-news/dh-completes-blockchain-integration-project-for-payments-systems/
    2 points
  24. Sapitoka

    Ripple Distribution

    Depends on what you mean by price increase. 500% in past month was a small increase?
    2 points
  25. macOS not considered an operating system? or are you classifying that under Linux?
    2 points
  26. Hey, is it possible to allow to choose more than one option? I use Linux and Win10.
    2 points
  27. ltrading

    Ripple/Visa Card.

    When you top-up you convert your crypto to USD/EUR/GBP at shockingly bad exchange rates. Just another crappy pre-paid card
    2 points
  28. @Earthbound GDP isn't a 100% accurate representation of country's economic health, countries can easily "prop up" necessary numbers to achieve a higher GDP. Look at China, they boost their economic growth by the rapid urbanization projects contractors build even though there is no immediate application or use. There are roughly around 64 million apartments in China that are empty, there are numerous cities around China that have been completely build from the ground up but only have a fraction of it occupied or used. They even built cities mirroring Paris, London, etc. for the hell of it
    2 points
  29. dazlightyear

    Ripple/Visa Card.

    Uquid appears to accept a very wide range of cryptocurrencies (not just Ripple). The webpage devoted to Ripple is no doubt just there for SEO purposes. As @zerpdigger mentioned, their website hardly inspires confidence. A quick look at the site suggests you can top up your card using a wide variety on crypto. This is immediately converted to either USD, EUR or GBP. Not much innovation there.
    2 points
  30. Please avoid personal attacks.
    2 points
  31. dazlightyear

    Ripple/Visa Card.

    Probably not a popular answer in a Ripple forum but Coinbase have just announced that they are developing an Ethereum debit card: http://tokencard.io/ In the bumf they advise that they are preparing us for 'The Post Bank Era', which is apt considering the discussions going on in a couple of other threads here just at the moment. In fact, section 6.3 of their whitepaper is titled 'Ditching Banks Altogether'. The beauty of this solution is that your ETH (or ERC20 tokens) are held within a smart contract, and so you do not have to trust any institution with your funds (which is the
    2 points
  32. All sides in the BTC war are claiming to be idealogically pure, the true guardians of the Grand Satoshian Vision. Well, if they are each convinced of the correctness of their views, why don't they mine blocks in the 'correct' way for them? If it causes a fork, or multiple forks, and a fracturing of BTC into sub-coins, so be it. The answer to my rhetorical question, of course, is that they are afraid of killing the goose that laid the golden egg; the dispute is only about money and control. They are no more pure than the banksters they despise.
    2 points
  33. @Max Entropy It's in this presentation http://www.sbigroup.co.jp/english/investors/disclosure/presentation/pdf/170301presentations.pdf
    1 point
  34. This is definitely great news... Lets see who ezforex is, what they do and how many different FIs work with them. http://www.ezforex.com/financial/index.asp "eZforex.com, Inc. provides foreign exchange services to banks, banker's banks, credit unions, and corporate credit unions using special state-of-the-art and innovative technology. eZforex.com, Inc. developed a better way to provide seamless foreign cash needs to financial institutions over a compliant and secure network. Using creativity and innovation, eZforex provides ground breaking methods to reach the end-user or customer f
    1 point
  35. Second poll related to One Wallet to Rule Them All:
    1 point
  36. SBI owns 11.2% of Ripple shares.
    1 point
  37. Currently transactions are ordered by account lexicographical order (and then by sequence number). Some suggestions seem to be: "shuffle the list of accounts, so they're in some pseudo-random permutation" and then apply then in that order (and then by sequence number). Is that what you're proposing? If the problem you're trying to solve that an account X will always see its transactions inside a ledger execute before account Y, given that X < Y?
    1 point
  38. Mr760

    Ripple/Visa Card.

    I opened an account. But I will just wait and see. 16.99 for a card. Not inspired at all. And $1 for a virtual. You'd think it be free with the capital generated for interest rates and charges.
    1 point
  39. @Mushmellow We are really sorry it took us so long to reply. We are currently dealing with a lot of support tickets. Please see our email, we are looking forward to hearing from you.
    1 point
  40. It looks like with @Nicolas's FlashFX AUD will be coming to Gatehub soon. Have you all noticed that Gatehub is the home for XRP and fiat IOUs while Gatehub Fifth is the home for digital asset IOUs? Interesting structure, it's likely for legal/regulatory reasons. In any event I'm looking forward to more tokens on gatehub fifth and from what I hear in other communities, cryptoenthusiasts are dying for more fiat pairs. Would be really interesting to see how Bitcoin would be affected if it lost its role as the major onramp for crypto (not that Gatehub alone could address this issue). Nonetheless,
    1 point
  41. http://www.livebitcoinnews.com/overall-cryptocurrency-market-cap-surpasses-us27-5-billion/ I kind of just "knew" that a lot of money was flowing into crypto in the last year, but I had no idea that it had increased more than three-fold in twelve months. And also understand that these are now old numbers - I believe the growth rate will continue to be like this for some time, so it's going to be interesting times indeed for XRP - and for other crypto tech as well.
    1 point
  42. Hodor

    Ripple on Forbes Japan

    I keep being impressed by how well Ripple representatives are communicating the potential of the technology. This is an awesome piece in my opinion! Another salient point:
    1 point
  43. Seems to be that users will think Ripple is more affordable, not too late to get in, and has lots of room to grow. Bitcoin can't scale, community is in total war, and that will be the end of it. Good riddens, we don't need POW anymore, thank you bitcoin for your services, Ripple could not have succeeded without you, but it's time to move on, Napster.
    1 point
  44. Once the tangible cost savings can be proved out, it's going to be a mad rush by the competitors to get on board. If Ripple thinks they're busy now...
    1 point
  45. Chunks

    first impressions

    i'd like to start by saying that this is my first post to the forum, i was wondering what everyone's first impressions were to the forum and the whole xrp/ripple "investment" for me, it was introduced by a good friend who told me about it a month or so ago ( still sitting around half a cent usd then), he then called me on the weekend asking if id looked into it... ( i hadn't) and said it was up to 2c , so i opened an account to purchase. whilst waiting for verification ( weekends suck lol ) we saw it had jumped to 7c ( if only for a short time ) and then i got my clearance and bought
    1 point
  46. rohanneal

    first impressions

    Hello Chunks First of all very warm welcome to the Ripple community. I am glad that you have decided to join this growing community. As for XRP, yes its long term investment. I liked the idea of ripple and the way they have been building relationship with banks and financial institutions. As you can see that they have been very successful with banks. My personal opinion is that ripple will go long way. If you need any help or have any questions please feel free to ask here. Once again welcome to the forums ! Cheers
    1 point
  47. sabbit

    hello

    hello
    1 point
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