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This is what I have written about this on our Discord today... ”Banks use software only for trading and ledger only when money moves in or out of their bank or consortium. Orderbooks are used in-house and XRP is owned by that unity. Giving value to all currencies they operate in one central exchange. And only when operating with other bank, XRP needs to move. Other than that, it just stays there and gives value to transactions One step in, one step out. If someone uses fiat in that system as base, it can’t be executed since it would give arbitrage to it, because it is on wrong side o

A. Yes, and volumes will be private. Public parts are only exchange - exchange, and since xRapid routes payments through all participating exchanges in corridor in need and can execute payments in parts, it is impossible to keep track of any individual member banks volumes. B. Yes. Utility value is in transactions that change value, but when banks adopt XRP I see everyone wanting a piece of it. After global adoption it is the most valued and trusted digital asset in the world over any fiat. That means value goes up for banks to benefit from this raise in price, raising XRP’s utility valu

https://xrpcharts.ripple.com/#/validators/nHBFgdC5SRjq9SJfR9xVcRhTs9pnwvYBXoNwNQ6BFgfJKaV4fq3M

Click bait title as I think the debate is still ongoing but from the latest guidance issued by ESMA then XRP is heading towards the 'not a security' bracket. Here is why: https://www.esma.europa.eu/press-news/esma-news/crypto-assets-need-common-eu-wide-approach-ensure-investor-protection Download the advice on crypto assets: https://www.esma.europa.eu/file/49978/download?token=56LqdNMN On page 5 at paragraph 6: 6. The outcome of the survey highlighted a NCA majority view that some crypto-assets, e.g. those with profit rights attached, may qualify as transferable se

Huh, wow! This is amazing..... I don't know what any of this means!!

I have been blown away by the community for Ripple and XRP and most of the people involved with it as fans/supporters. In all my years of Investing, outside of a couple active FIRE message boards. I have never come across a group of people that can discuss plans and details and pros and cons of each other's ideas with the level of clarity and attention to detail presented in many posts. Most of us all seem to be relatively long term investors, and are rowing in the same direction. I don't have much time to post, and so I have to lurk, and many discussions get resol

@JoelKatz seems to confirm it on his tweet, which I thank Bread Garlichouse for re-tweeting it. @LilBender, @OzAlphaWolf and @LordVetinari it is getting real 🚀 https://twitter.com/p3_ris/status/1083247680313348096?s=21

https://dailyhodl.com/2019/01/09/santander-bank-says-ripples-payment-network-outperforms-cross-border-competitors/ “You can do FX transfers, real-time, between the UK and continental Europe. And you can actually do Poland, Brazil and Chile – through Santander – for the same cost as Transferwise… And that is the reason why we need to really think about what is real reciprocity. The devil is in the details and the timing” Brilliant conclusion....

“This is just a final shaking out of weak hands from the whales and banks.”

Sounds like half a step away from XRP becoming the world accounting currency of in-house and international banking? If that happens you make another half step and value all commodities and stock in XRP.

Is there some kind of riddle or a hidden message in this thread? I'm sure many people will scroll "Down down down" and think something like "Get out while I still can".

Exchanges make money from trades. It is thus in their interest to have (make) spikes and dips to motivate buying and selling. The worst situation for them is when everyone is holding and no one is buying or selling much. When we talk about whales, exchanges are probably the biggest ones there are in this market given the amount of cryptocurrency holdings parked with them. When trade volumes reach excessively low levels that no longer sustain the transaction fee revenue for the exchanges, they then play the game of pumping the markets to new highs to draw in new speculative interest. Wash, rins

So the title is a claim, the post says a tweet seems to claim it yet the tweet itself isn't posted? Could you please provide said tweet?

One of the reasons TA is almost useless in crypto - the Bart Simpson. Hopefully as the markets become more liquid this kind of stuff won't happen.

LOL @Eric123

Ana Bought-In

tweets from @JoelKatz like that make me feel like i've found 11 nuggets in my box of 10!!!

I think the point of XRP is that it is a token that is measured against all currencies, so a bank can do all its transactions/bookeeping in one currency. The fiat currencies will still be needed for National audits and chancelleries, and be the currency in which wages are paid and goods bought locally. The Banks would not have to have such a huge amount of capital locked up to make the system work, because they can have a single stockpile of XRP which can be used and traded in the local currency in any country of the world. A US Bank with XRP in the US can trade in XRP/YEN in real time, so

It doesn't matter much at this point. Buying XRP OTC then feeding it through xrapid is a way to get the ball in motion. Being successful on one side of xrapid (the sell side) is a step in the right direction. I would rather have the first few banks buy OTC to help ensure successful results, even if it means delaying the zerpening. Once Ripple begins selling the whole escrow each month, drying up OTC sales, then everyone will be forced to exchanges for the remainder of the month. Anyone remember when the last moon happened? December 12th through Jan 4th. Anything specific abou

You are so uncultured, don't you know it's tradition here to create a new topic when XRP drops with more than 4% in 24h?

Old statement from Birla. These news from tuesday: https://www.pymnts.com/news/b2b-payments/2019/india-cryptocurrency-corporate-treasury/amp/?__twitter_impression=true Top corporates and banks in India are reportedly testing out the use of cryptocurrency to pay vendors and move money between subsidiaries, said the The Economic Times. And today these news: Oh man... this is exciting

Get out while you still can .

Rome wasn't built in a day. Having Santander as an evangelist is a great thing.

Seek only knowledge - Free yourself from the opinions of others!!!!

Basicly what we are saying here is that XRP will tokenize FIAT ?

Not only, but, yes, correct, JK has elaborated on it once - https://www.quora.com/If-a-large-amount-of-banks-were-to-adopt-xrapid-and-started-using-xrp-how-would-that-impact-the-tokens-value

The only problem with your reasoning is that movements like this make fewer people want to speculte since the movements make the market seem irrational. I think everyone agrees that these movements are hurting crypto and therefore exchanges in every perspective except the very short term.

2018 was the year of xcurrent. I have a feeling 2019 is going to be the year of xrapid in terms of % growth

Hi all, just confirming that what's been communicated and published recently on various sites is old news. The Ripple article was released 2 years ago and we continue to use the on-ledger Ripple solution for some of our payments (including direct XRP transfers to wallets and exchanges) all converted from AUD. The next iteration will be off-ledger payments and will properly communicate if/when this is happening. In the meantime go #XRPthestandard ⚡️

https://techcircle.vccircle.com/2019/01/09/amazon-testing-its-own-upi-handle-for-new-payments-product-report Looks as though Amazon has a relationship with Axis Bank. Axis uses X Current

Debunked unfortunately:

Show me with balance sheets when the net flow is USD -> MXN. This is how I see it (let the FX rate be 1:1:1 for simplicity): 1) Customer's bank deposits are committed to the xRapid tx: 2) The bank's reserves are committed, as are the XRP at the exchange: 3) The Bank's XRP goes back into the tx (committed now to the exchange in MX) and the MX Exchange commits their peso reserves to the tx: 4) Next the Peso reserves are recommitted to from the US Bank to the MX Bank, and the MX Bank commits to a liability of 10 deposits for the

Yeah that all makes sense. It is the equivalent of the banks running a private institutional exchange.

Stop losses are being triggered, that is why it dumps that hard. Panic comes next and makes sure we drop again triggering even more stop losses. Bots make sure all the coins are coupled. Then the whales will make it look like a recovery, a few weeks of some green and then it starts all over again. We need utility volume and decoupling asap.

I havent read every comment in this thread, but did skim and read JK's posts. Nothing has even come close to "proving" or even "claiming" that... I've been watching this exact element of the RippleNet system closely. My best guess is that within xRapids functionality set, the Pathfinding function is preform... and that Pathfinding should be able to tap both Nostro/vostro liquidity, and XRPLedger liquidity, to find the cheapest path through the network. How this could be done is the subject of my How xPool write up. --- Regarding the idea that banks may have pri

I agree. Santander is the UE largest bank by market capitalization. Maneuvering a transatlantic ship is not the same as deciding a new direction on a bike.

hello friends .... I read all the thread and I was amazing. although many questions of the technical part I do not understand. ...excuse my ignorance.... Would someone be so kind as to make a brief summary of what has been said so far ...? simple. simple . For me, I'm a bit of a donkey. Thanks guys. a big hug I keep hold

Treacher said Ripple are working with 120 banks, so the split might be 80 FI and 120 Banks. I think all XCurrent Banks are Ripplenet banks, so it is not really sensible to split the banks between on XCurrent and on XRapid. They are all on XRapid but only about 20 of them admit to turning the XRapid system on and intending to use it.

Did you see on the Marcus Treacher thread A tiny fraction of a days turnover. This seems to point to XCurrent hardly being used yet, but to trust a billion on the system is a huge amount of money, so obviously trust is now settling in. So it was both a disappointing remark and an encouraging remark. We are earlier in the adoption cycle than I imagined. I agree that the use of the technology will snowball very fast. I hope that by the end of this year Ripplenet will be transmitting billions per day

They are a client....their OnePay FX application is built on Ripple's DLT platform xCurrent

So , based on this tweet 200 + financial institutions are using a digital asset ( XRP ) in their payment flows, wow , better than ... dozen of banks will use xrp in 2019. now RippleNet include everything, who is using a xrp and who not ?? I don't understand this tweet, sorry :

Wait a year just to sell at the bottom. You're not going to survive in these markets

I have had 2 scenarios for adoption; fast and slow. And like you explained it all starts to point to model where all these private networks build their systems as we speak and they then connect each other very xRapidly. Everything points to this in my mind. Thanks for nice comments @Cobalt

Exactly! Look our launch video again 👍🏼

Santander Spain, Santander UK, Santander Brazil, Santander DE. All own their XRP that is used on orderbooks and then they hedge back their positions on open market to keep balances even. Not about accounting, but about managing operational funds and removing risks of volatility