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Showing content with the highest reputation on 09/19/2017 in all areas

  1. 21 points
    Hey guys, Everyone has read the latest news articles covering the court case(s) involving Ripple and R3. However, it appears no one has posted the actual court documents filed by both companies, so here they are. Three (3) documents posted below - complaint 1, complaint 2, option contract (everything is separated by the Ripple logo). Over the next few weeks and months, answers to both complaints, along with other court documents and schedules, will be filed by both companies and the courts in both jurisdictions (California and New York). You can learn a lot from court filings (ha, never get divorced in the US; a lot of facts, including your financials, could become public record). Just to be clear, Ripple and R3 are a long ways away from a trial. Ripple's complaint is more "colorful" and sheds a brighter light on what allegedly happened over the last year or so with this dispute. R3's complaint is straight to the point. Lastly, in the interest of this group, I will monitor both dockets and report back when needed (monitoring the federal court filings involving Ripple Labs, Inc. as well). Later. 1.) My notes on the Ripple Labs v. R3 complaint. Please keep in mind that this is Ripple Lab's version of the facts, and R3 will have a chance to respond (very important): The Ripple Labs v. R3 complaint was filed in The Superior Court of San Francisco, California. Ripple has demanded a trial with a jury. Ripple and R3 created a multi-phase plan in 2016, and it started with "Project Xenon" (pg. 5 of complaint). Project Xenon began in July 2016 with 12 banks being tasked with settling transactions with each other using XRP. (page 5 of complaint). The Technology Partnership Agreement (TPA) was executed by both parties in August 2016 (pg. 6 of complaint). Under the TPA, R3 would receive 15% of the revenue received by Ripple from any participating bank (pg. 7 of complaint). R3 was given the option to purchase 5 billion XRP at an exercise price of $0.0085 per unit of XRP (pg. 7 of complaint). R3 had the option for 5 billion XRP at $0.0085/unit AND 15% of the revenue from any participating bank (pg. 7 of complaint). R3 said they simply did not have the time to make efforts (for Ripple) on the Commercial Partnership in Nov. 2016 (pg. 8-9 of complaint). 50+ member banks vs. 42 global banks (pg. 11 of complaint). "Hey guys I have no idea what's going on with XRP..." (pg. 12 of complaint). Two co-founders of R3 allegedly admit that R3 had failed to perform under the TPA (pg. 13 of complaint). Ripple gives R3 notice of termination of TPA and Option agreements on June 13, 2017 (pg. 13 of complaint). R3 failed to cure (fix alleged breach) within the requisite 10-day period (pg. 13 of complaint). Six (6) "causes of action" in the complaint - fraudulent misrepresentation, fraudulent concealment, negligent misrepresentation, breach of contract, breach of the implied covenant of good faith and fair dealing, declaratory judgment Ripple wants the court to rule that the agreements are invalid and void, along with the defendant (R3) to pay punitive damages to be determined at trial (again, Ripple demanded a jury trial). Lastly, Ripple wants R3 to pay the legal fees. 2.) My notes on the R3 v. Ripple Labs complaint. Please keep in mind that this is R3's version of the facts, and Ripple will have a chance to respond (very important): The R3 v. Ripple Labs complaint was filed in The Supreme Court of the State of New York, County of New York (Manhattan). R3 has not demanded a trial with a jury (at least not in their original paperwork. If not requested, the right to a jury trial could be waived and the trial would be a bench trial or a trial involving the judge only). The Option Contract does not give Ripple the right to unilaterally terminate (pg. 6 of complaint). The Option Contract is governed by the laws of New York (pg. 6 of complaint). Not sure if the other agreements between these two parties are governed by NY law as well. "Ripple's exposure to banks and financial institutions, such as R3 and its member financial institutions, has led to the market's growing perception of potential future adoption of XRP by financial institutions..." (pg. 6 of complaint). The Option Contact clause relating to the disposition or sale limitations of XRP (clause 7 of option contract). The Option Contact has an assignment clause (clause 8) and an assignment form where R3 could assign or transfer the option, wholly or partially, to a third party or to third parties (persons or entities). Any assignee would be bound by the sale limitation or Clause 7. This is big. Two (2) causes of action in the complaint - breach of contract w/ request for specific performance, tortious interference with contract. R3 wants the court to rule that the contract is still valid, forcing Ripple Labs to honor the option agreement until 2019.
  2. 19 points
    Xrphunter

    Is Ripple poised to disrupt bitcoin?

    Great cover from investing.com Hawk describes Ripple as the “quiet turtle plugging away with its eyes squarely set on the right prize which is revenue”. https://www.investing.com/analysis/expect-ripple-to-soon-rival-bitcoin-200214016
  3. 19 points
    My latest blog entry talks about the W3C working group for payment requests, along with some interesting XRP wallet statistics and SWELL. There's been some crypto buzz around the "payment request" standard for browsers; I discuss this a bit and then talk about some XRP wallet statistics recently published by some XRP developers on Twitter; I think the numbers are fascinating. Let me know what you think, and please feel free to share my blog on other media. My blog announcements on other media: Twitter Reddit Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  4. 15 points
  5. 11 points
    The short answer is that it's not efficient to settle small payments directly on a public ledger anyway, at least not with today's technology. So they'll use things like payment channels or off-ledger transactions to move the XRP. This is why ILP is such a big part of Ripple's strategy -- there needs to be some way to coordinate transactions that take place on different ledgers to ensure that either everyone gets paid or nobody does. That permits parties that don't trust each other to facilitate each other's payments.
  6. 9 points
    Thanks, @T8493 , @Professor Hantzen , @Birdybird , @Alluvial , @timcoinNY , @Wobile The court documents filed in both state courts (CA and NY) were free to access, and they are public record. Unlike the US federal court system, where you have an account and must pay to access the files (check out pacer.gov), these three (3) documents were, again, free to access. Hopefully this post found its way into the correct thread. And hopefully it stays here, for this is interesting and could shed light on a lot of different things constantly discussed in this forum. Three things real quick: 1.) The TPA was not filed by either party in either jurisdiction. No surprise here. The legal rationale may be related to strategy, and this will play out as we move closer to discovery. 2.) Ripple Labs has a decision to make. If they decide to go to trial (again, so far away; settlement is likely), the TPA or Technology Partnership Agreement is more likely than not going to come out and become public record, along with other documents, testimony, etc. in what the legal community calls "discovery." Imagine having all of the terms of the TPA in front of you? Imagine having other parts of your business out in the open, parts of the business you may or may not want to share with the public? This forum and the XRP community may love that, but it may not be in Ripple Lab's best interest to let that document get out in the public. And there may be nothing in that document too (who knows). But there is a reason 95% of civil court cases in the US get settled outside of court. So, if you are Ripple Labs, do you just settle here, lick your wounds and move forward OR do you roll the dice and potentially go to discovery? Very interesting if you think about it. Lastly, R3 will have the same concerns. 3.) If this post is shut this down, I will just provide the community with updates in text form. We should be expecting some movement here with both cases in the next few days/weeks.
  7. 6 points
    Ripple major shareholder SBI Holdings signed a memorendum with CoVenture Holding Company http://www.sbigroup.co.jp/english/news/pdf/2017/0919_a_en.pdf
  8. 6 points
  9. 5 points
    Thank you. I'm a lawyer, and fir sure did your summary make things easier. Let see what happens at summary judgment. Looks like there was some admissions of a failure to perform by R3. Judge may throw it out. Good to know.
  10. 5 points
    davygravy77

    Elliot wave theory and XRP

    Haha only if they tell me what i want to hear
  11. 4 points
    Hodor

    Is Ripple poised to disrupt bitcoin?

    Ripple's IPO would dwarf Uber. I hope Ripple waits to go IPO until the market is whipped into a literal frenzy for it!
  12. 4 points
    tulo

    Higher Transaction Costs

    In part I agree because now the product is 100% in the hands of Ripple, but what will happen when XRPLedger will be decentralized? I think we cannot blame Ripple of what happened. The code is there and public, sort of documentation is there, the API are very well documented. I'd read any freaking line of code and documentation before moving millions of USD worth of capital via XRPLedger as the user was doing.
  13. 4 points
    xrpaware

    Ripple/XRP adoption phases

    I would add that XRP adoption will also be dependent on the quality of the fiat-to-XRP gateways and exchanges. In my mind, -- if and when -- more "when" than "if" -- major financial institutions start "making book" on XRP -- I think when they do that -- it will force feed XRP's into the banking system. When I say major institutions -- I'm talking about the currency desks at people like Forex, BNYMellon, Santander, HSBC, Barclay's, the major South Korean banks, and even the evil empire run by "Shine on you crazy Dimond" JPM Chase -- when they start making book --- there will be movement. I would argue that a good canary in the coal mine that the banking establishment is capitulating to XRP and crypto's in general will be when some of the major crypto's exchanges get bought out by the major banks (Coinbase, Kraken, Bitstamp). At that point, there will definitely be a WTF moment ("Why the Face?" :-) )
  14. 4 points
    JoelKatz

    Higher Transaction Costs

    The problem is not the fee level. The fee level is a symptom. There's no evidence that the problem is the result of an intentional attack. It does seem to have been triggered by a recent change in transaction patterns, but there's nothing apparently nefarious about the transaction patterns, they just happen to trigger emergent bad behavior. I'm going to have to be a bit indirect just in case there's anything exploitable here (though I don't think there is) but it seems to be the result of a design decision I made quite some time ago. It was intended to give transactions more equal treatment regardless of where in the consensus timing cycle they were received, but it caused an unexpected problem that results in the network's open ledgers diverging, causing inconsistent transaction propagation. Conceptually, it's easy to change this behavior, it's an "instead of X, do Y" thing, it just happens to be a bit awkward to connect the pieces together in the code. (And our fees expert is still dealing with hurricane effects.)
  15. 3 points
    YAY, I'm considered to be in the 1%, well how about that!!!! Oh almost forgot
  16. 3 points
    The language of the Option Agreement seems pretty straightforward, and Ripple acknowledges the consideration received for giving this option to R3. However, the option agreement does say that it is in connection with the "Technology Provider Agreement." I don't think we have seen the Technology Provider Agreement. That will tell us what R3 was required to do under the agreement. If Ripple can show R3 breached its obligations under the Technology Provider Agreement, then maybe the option part of Ripple's responsibilities under the contract can be voided. On a side note, I don't think it would be the worst thing for xrp holders if Ripple had to give up (sell per the option agreement) some or all of the xrps at issue. It would go to divestment of Ripple's 62mm hoard of xrps. I think the sooner Ripple gets to owning less than 50% of the total xrps in existence, the better it will be for xrp holders in general. Certainly, one negative perception of xrp is that the company owns more than a majority of all the xrps. Once it's under 50%, then xrp becomes more like the people's digital currency. Just my perception. Also, R3 would only get to sell a daily maximum of its xrps based on 50 basis points of the xrp ledger volume. That's a de minimus amount that won't have even a remotely negative effect on the price, even if R3 decided to sell the maximum amount every day. The only real negative is for our friends at Ripple, which would have to give up some of its xrps well below market value.
  17. 3 points
    Yeah...I imagine Ripple giving away 5M XRP to flashFX such that they can offer high liquidity AUD:XRP with tight spread (also losing some XRP), the volume increase because of the nice spread and other MM could kick in because the volume is higher...
  18. 3 points
    https://bitcointalk.org/index.php?topic=145743.80
  19. 3 points
    bookworm

    Is Ripple poised to disrupt bitcoin?

    Second round of fund raising ... higher valuations for Ripple ... like Uber. Another huge fan of Ripple is David Drake, the chairman of wealth preservation firm LDJ Capital. Drake is also enthusiastic about Ripple. “A lot of people in the beginning question Ripple but now when they are doing the second round of fundraising for Ripple Labs I expect a larger valuation. It is not inconceivable that this may simulate the trajectory of something like Uber down the road.” he says.
  20. 3 points
    Xrpdude

    Elliot wave theory and XRP

    Do you believe in horoscopes as well?
  21. 3 points
    Rabbit_Kick_Club

    Higher Transaction Costs

    That seems very unlikely. We have been watching the network transactions on and off since this started, and we have seen no evidence that the network is being spammed. We have also seen no evidence of nefarious interactions with the validator that we run. The video you posted is applicable to Bitcoin, which uses proof of work rather than consensus. BTC also has vastly different block timing than the Ripple ledger, which (combined w/ load based transaction fees) should mitigate the 'mempool' issue. While we have seen a slight increase in load on our server over the last few weeks, it is certainly not enough to indicate that there is some huge transaction line due to spam. JoelKatz, one of the developers, addressed the likely root of the issue in his post: In other words, this seems like a minor (yet frustrating and inconvenient) growing pain that will soon be resolved through a rippled update. The transaction fees are associated with numerous transaction types. More info here: https://ripple.com/build/transaction-cost/
  22. 3 points
    Ravell

    Miguel Vias CNBC quote 21 july 2017

    It just strikes me how there's so much wishful - or greedy - thinking going on. How is the launch of the Tez-app by Google not a huge development in payments with regard to Ripple? Tackling India first and Tez is trademarked in Indonesia, Philippines and Vietnam as well. Remember Dilip Rao's tweets re Philipines and Indonesia? or about visiting Hanoi? It's happening right in front of us and still there are so many who (choose to) turn the blind eye, because the price didn't shoot up 3000%. It just baffles me, how it comes to mind to criticize Miguel and Ripple because you were hoping to get rich quick, while they are the boots on the ground putting in the work and laying the foundation for a revolution in the way value is transfered. The only thing that kind of thinking is entitled to is a sense of deep shame.
  23. 2 points
    ravintolx

    XRP Rings - Coming soon!

    Hello fellow Hodlrs!! I just recently learned how to use a Zbrush software to do some 3D prints and came up with the idea of printing out an XRP ring. The plan is to cast it out on 92.5 sterling silver and price will be 699 XRP. My plan is to HODL the profits to pay my study loan in the future. If anyone's interested or would like any other crypto ring design send me a message
  24. 2 points
    Vacek_aka_Luschka

    XRP vs Bitcoin

    This help ? There will be a day when XRP can stand on its own, however the Crypto market is young and all the little altcoins are following Bitcoin around like it's their parent. The day will come ... hopefully sooner rather than later.
  25. 2 points
    @Professor Hantzen, some sites that allow access to court documents don't allow public distribution of the downloaded documents. This is maybe one of the reasons.
  26. 2 points
    Leo

    Making xrp 90 percent portfolio?

    I am just enjoying the smaller waves to surf while waiting for the tusunami wave
  27. 2 points
    Dan1

    Making xrp 90 percent portfolio?

    If you believe in investing in a diversified portfolio, by diversify in other crypto currencies won't necessarily reduce your risk by much. Crypto currency investment is still rated as an extremely high risk investment class very similar to derivatives. Diversifying a portfolio is when you diversify your investment across different asset classes Cash, Term Deposit, Precious Metals, Government Bonds, Property Invest Trust, Local Shares, International Shares, Junk Bonds, Now Crypto Currency I don't think most people here is interested in slow growth.
  28. 2 points
    Dan1

    Market Capitalization of XRP

    @joemurray27 I've had a chance to think through the thoughts on Market Cap and this i believe is the best way to present what market cap would mean for a coin. Market-Cap for Crypto currencies would represent the level of trust as well as how widely accepted the currency has with the community. Eg. USD is has the largest supply as it is supported by the US which is currently the world largest economy. As much as we all believe in the utility of XRP its is still part of an asset class considered to be highly speculative, even Bitcoin which is quoted as being digital gold is in the same category and that is why there is such a high possibility of making 3000% returns. I know Brad Garlinghouse compared Ripple with Amazon and how it revolutionized the book industry however i would compare it more to a company like Tesla, massive potential to revolutionize the industry but currently making loses year on year but we expect it to turn around in the future.
  29. 2 points
    baggy23

    XRP Rings - Coming soon!

    If xrp goes to 10$ I will order one, but the Ripple logo needs to be out of diamonds. If it only goes to 1$ I will take a regular gold ring.
  30. 2 points
    pucksterpete

    XRP Rings - Coming soon!

    I better purchase it now, before the price goes up
  31. 2 points
    I'm going by the stated 1000txns/sec. It's recently been doing about 8txns/sec, and has handled greater loads in the past without fees going up by factors of millions.
  32. 2 points
    "In addition, SBIH will continue to roll out various new virtual currency-based businesses actively, with an eye to developing a new financial ecosystem involving virtual currency."
  33. 2 points
    lucky

    Is Ripple poised to disrupt bitcoin?

    Initially, perhaps. But on the long term, it really remains to be seen if Bitcoin can survive as a store of value alone, when it is no longer used (and needed) for transactions. And at some point, we really will need to answer this question: it really necessary to burn as much energy as Denmark, for something (decentralized money) that can also be done a billion times more efficient? Considering the effects on global warming, in the light of recent hurricane disasters that are probably caused by global warming, is that even ethical?
  34. 2 points
    Leo

    Making xrp 90 percent portfolio?

    so we are on the same boat But I just considered btc as an index and decided to invest in higher-beta coins and eventually made my XRP investing 30% greater. Because except the spike at august xrp was not performing well against btc. Although I am not expecting much from SWELL I think I will switch back to 100% XRP portfolio a week before.
  35. 2 points
    teddybear

    Making xrp 90 percent portfolio?

    100% here. Simple logic. If 90% in xrp don't make you rich, the the 10% in XYZ coin won't turn around your situation either. F portfolios. One concentrated bet and that's it. Exception: you are a whale and even small price gains will secure you financially, then OK, diversify. But then you don't need to get rich anyway, cuz u already are.
  36. 2 points
    Professor Hantzen

    Higher Transaction Costs

    This is a fair point. But regardless of which metric of value is used, the fees were too high for the system to work as intended. This is an error condition, and not intended, as evidenced by various Ripple employees statements regarding the situation as a "problem", "bad behaviour", etc. The code certainly allowed for 75,000XRP fees to be recommended by rippled or it wouldn't have happened, but this not a state that was intended to have been reached when the network is operating at less than 1% capacity.
  37. 2 points
    Takashi Okita - SBI Ripple CEO - speaker on Finetec Summit http://finsum.jp
  38. 2 points
    Professor Hantzen

    Higher Transaction Costs

    I have the same ethic - it's one reason I don't use ripple-lib (other than to sign transactions sometimes, though even that nearly burned me once). To be clear, I'm not advocating blame. I'm suggesting responsibility. The difference between the two is who acts first.
  39. 2 points
    Sukrim

    Higher Transaction Costs

    But the fee levels ARE working as intended, their validators are just under higher load as expected. It doesn't help that lots of their Javascript devs don't seem to have a deep understanding of RCL in the first place, publishing a script with 0 fee caps that can dump LOTS of OfferCancel transactions at once is extremely close to being indistinguishable from a DOS attack and will in any case incur huge fees. The decision to make fees increase exponentially might have sounded nice a while back, but without auditing software downstream to add warnings this can lead to disasters as this one.
  40. 2 points
    It seems that Raos Deep Dive was well received at FSSTech. This is their follow up and takeaways about Ripple: http://www.fsstech.com/postings-from-indias-ripple-deep-dive-event/ Interesting for us: FSS has build "Mobile Pay", a mobile banking application it leverages the the ripple network "to offer instant, on-the-go transfers over the Ripple Network." it was demonstrated to "40+ financial institutions and processors in South Asia" on a test network.
  41. 2 points
    GreyAndroidGravy

    Ripple/XRP adoption phases

    One bank is not just one bank. It's every branch they have. If "Nationwidebank" could move money from one side of the US to the other, instantly and basically free, everyone would start using them to move money. Other banks would see that and adopt whatever tech Nationwidebank was using. You don't have to have Regionalbank1 AND Regionalbank2 transacting to make it worth it. Also, it's my understanding that lots of banks have been testing the tech, off the main network. Some testing phases are over, so it shouldn't be long for the adoption phase. I probably shined about as much light on the subject as a flashlight from a horror movie, but it's the best I've got.
  42. 2 points
    People are just impatient about xrp, one of the reason they dont like xrp. Better to mve on to other coins
  43. 2 points
    Dennis

    Miguel Vias CNBC quote 21 july 2017

    Miguel hinted at some XRP related payments news in Q3. Q3 ends in 12 days. Soooo, one of two things will happen. We will get some XRP related payments news in 12 days, or we won't... ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- hint noun \ ˈhint \ a statement that expresses indirectly what one prefers not to say explicitly had been dropping hints that he would like to be invited ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- This could be great, or it could be nothing. The WC3 announcement for a digital payments plugin as a web protocol standard with pretty clear indication that this is part of the interledger project seemed like enormous news to me, but it takes a degree of reading between the lines. The fact that Tim Berners-Lee is key note for SWELL, and this proposal that was announced shortly after seems by design. For those interested in some research: https://www.w3.org/blog/news/archives/6515 https://www.w3.org/WebCommerce/ Taken from this link ^ https://www.w3.org/community/interledger/ In the end, we will either see something or not. News can be delayed, the timing for maximum impact may also be a contributing factor. Bottom line, we are going to see some really major news coming in the next 3-6 months. If you can't handle sitting patiently, maybe find ways to distract yourself and check back on the price weekly vs hourly. If you have the patience to hold, I think we are all in for the ride of our lives
  44. 2 points
    dowkok

    Miguel Vias CNBC quote 21 july 2017

    @Sebastian Thank you. Please don't judge people on this forum for bringing something up. I see you have edited your comment, glad you did! Making assumptions about age and maturity on this forum is incorrect! A Senior Executive of Ripple made this quote on CNBC, he never ever should have mentioned anything specific with reference to XRP. That's what I am trying to bring across here. If you do so then expect to get some questions asked! Why should Miguel make such a statement, when he knows that it will take 6 months to a year or maybe even longer before XRP will see some adoption? It puzzles me.... Yes, it's only 2 and 1/2 months in the 3rd Quarter, so maybe I am to early, I hope so. Ripple is doing great and I hope Miguel is going to share some news "with respect to XRP in particular" this Quarter! Thanks for all the posts in this discussion thread, I rest my case.
  45. 2 points
    I did some intel as well to add to this amazing thread by @mars75 I am from Indonesia. And as an entrepeneur myself, I have been desperately waiting for a long time, for Banks or payment providers in Indonesia to adopt this kind of fintech solution. We Indonesians are always having trouble sending payments across the country. Bank's remittance charges high fees and long wait. Alternative is Paypal or Western Union, which is the same! It's hell here to send money globally. Trust me, Indonesian market for remittances are BIG!! (Remember we are the fourth most populous countyr in the world after China, India, and US). We do a lot of transactions (import of household, clothes, computer) from China. Indonesian people are very consumptive trust me! As far as I remember, I read an article somewhere Indonesia rank 14th among remittance recipients. One of the reason is we are still considered a developed country and being populous similar to India, our level of poverty are quite high. A lot of man and woman ended up working in another country as immigrant (legal/non legal) having the thought that they can get paid better there. So, some big portion of remittance is coming from this workers, they send the money for their family at home, but the high fees will end up cost them their fortune. This is a real fact and real use case. We need solution as fast as possible. Now, going back to what I am going to show, scrolling through the twitter timeline of Sopnendu Mohanty, I found his tweet from 4 days ago that the head of Bank Indonesia (It's the Indonesia central bank) Fintech Office, Junanto Herdiawan, with the other leaders of Bank Indonesia were having a tech and innovation training as well OK, then I went to Junanto's twitter and found his tweet (below) basically just confirming the meeting. It translates in English as this: "Sharing this afternoon about Fintech with Chief Fintech Monetary of Singapore (MAS), Sopnendu Mohanty. Regulator needs constant update." Looking at his timeline, it seems like he is quite active in Twitter. Also I found out on his profile description that he is Blogger-Book writer. Judging by this, I expect him to read my concerns. So I wrote him 3 tweets in Bahasa Indonesia, basically just telling him about the problem I describe to you above in a short way. Told him that we Indonesians 100% need this fintech solution as soon as possible, we are desperate for it. Its been a long time waiting. Also I am mentioning Ripple might be the solution for this (sneaky). You can find it in the comment section of the tweet. Ok, next move on. Now we are looking at his tweet from 3 days ago (below). It translates: "A cup of coffee with our Unicorns, Nadiem (the founder of GOJEK), William (the founder of TOKOPEDIA), Budi (founder of MIDTRANS), and hosted by Mr. Yura, Headmaster of Bank Indonesia Institute. This is B.I.G. Why? For some of you who don't know, GOJEK is the Indonesia version of UBER/GRAB. This is the biggest transportation, logistic, and payment service right now in Indonesia. I expect GOJEK to attract big investor. And then TOKOPEDIA, I would describe it as the Indonesia version of ALIBABA. This is one of the best ecommerce company in Indonesia (I always use this site to buy almost everything, it sells almost anything and it's very reliable indeed!). Imagine, we did imports from China and sell to this commerce site, imagine the remittance market for this) I think they are now working with BI regulator to get an acceptance for their digital wallet proposal. This company is so big and have great future ahead, and according to this article, Jack Ma is about to make $1.1 billion investment to it https://www.techinasia.com/alibaba-leads-11b-investment-indonesias-tokopedia . Last is MIDTRANS, this is a payment gateway service company. These people in the photo below are major players in the business, you just don't mess with them! Btw "Unicorns" is I think just a phrase he use to describe these major players, because I never heard of any company named Unicorns lol Connecting all the dots, I will be glad if somehow Ripple will be adopted in Indonesia. Being the first solution for cross border payment in Indonesia. I remember exactly what Dilip Rao said on twitter: " Watch this space re Indonesia and Philippines...on our list" Coming out from the mouth of Indonesian itself, believe me guys we need this solution as soon as possible. We are ready for digital, Indonesia is having a great potential right now. A lot of investors coming in, I am sure we are going to grow the digital market very fast. That's it for me. This is some information from your Indonesian intel , I'm signing out! Mind my english tho, not a native speaker and I am writing this in 3 AM in the morning. Haha. Bye!
  46. 2 points
    It's certainly possible. ILP will be a level playing field and many different payment systems, both cryptos and non-cryptos, will fight for market share. We believe XRP is best positioned to take advantage of this, but there is absolutely no guarantee of our success. As I've said many times, we are genuinely committed to improving payments and growing the market for crypto-currencies generally by bridging the gulf between today's financial infrastructure and new payment systems. We think that's good for everyone. I see us kind of like Twitter without the Internet -- we need a widely-accepted interconnection protocol for our business to succeed, and we'll build it if we have to and get as much cooperation from others with similar interests as we can. Twitter doesn't need an Internet biased in its favor to succeed. An unbiased Internet draws the most adoption and gives Twitter the largest possible market to acquire.
  47. 1 point
    Malloy

    Song of the Day

    There's a lot of thing happening in the world, but very little as impressive as a Cat 5 hurricane. While I write those lines, the island of Dominica is struck directly by the eye (the core) the size of the island. Like any part of the world close to so much wealth...Dominica will not make the news...maybe for a brief comment about the destruction... Will all due respect to Mother Nature, "Maria, Maria"
  48. 1 point
    jag216

    Can XRP spike on its own?

    I am happy that many, many people are watching XRP - this was what the hype pump indicated to me. They might not be doing squat most of the time, but they are watching it with a great deal of interest. It is better than no one watching and Ripple doing something awesome.
  49. 1 point
    LOL Its not like I'm gonna sue you I'm a real chicken so I'll probably just hodl my way through this. Still, it's an interesting prediction so let's see if it becomes true!
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