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Showing content with the highest reputation on 05/27/2019 in all areas

  1. The ECB (European Central Bank) released an annual report on Target2, the RTGS system for all European banks where they settle all payments in central bank money. The ECB published it about two hours ago and it can be found here: https://t.co/GLJNtzrR19 The timeline for banks with all the milestones can be found here; https://t.co/tBB9WoDswF The big bang approach requires that all national central banks and their communities are prepared to migrate on time. All banks in Europe, will all be, at the same time, able to use XRP for domestic and international settlement of payments a
    46 points
  2. They won't be simply facilitating EUR-EUR payments and there WILL be a need for XRP. Again, inbound yes. Outbound, why would they. I get your point, I really honestly do but there is more to this story. We have more than 20 different currencies within Europe. At present, the euro is legal tender in 19 out of 28 European Union member states, in addition to 5 countries not part of the EU (Monaco, San Marino, Vatican City, Andorra and Montenegro). Kosovo also uses the euro, but is only partially recognised as an independent state. Every transaction needs to move through the ECB. It is n
    11 points
  3. Woah woah woah, lets take a step back here before this generates mass amounts of hopium. I addressed this a while back, but people seem to still not understand XRPs use case. TARGET2 is for EURO-EURO settlements. XRP IS NOT NEEDED FOR SAME CURRENCY TRANSACTIONS AND SETTLEMENTS. Goodness gracious.
    10 points
  4. Dear XRPChat, I had planned on making another prediction of Q1 sales before the quarterly report came out, but unfortunately, my day job has been keeping me very busy so I didn't have the time needed to attend to it - and I had problems with my analysis that I didn't understand and that I hope I have rectified now. In my previous posts Analysis of Ripple's XRP sales and 2018 Q4 analysis, I summed payments from wallets to XRP-II to see what the quarterly payments were, and to total them up to see if they matched the sales figures announced by ripple. I had expected to do the same for Q1 2019,
    8 points
  5. The reason Euro settlement can be instant right now is because banks are pre-funding accounts, in the same fashion as an international nostro/vostro relationship. The difference is that here, both nostro and vostro are held in Euros, and they're held at central banks rather than sender/recipient bank. So central banks are acting as the correspondents. Make sense? "TIPS... will allow participating banks to set aside part of their liquidity on a dedicated account opened with their central bank, from which instant payments could be settled around the clock. The balance on these accounts
    8 points
  6. https://www.xrparcade.com/news/xrp-now-available-on-imove/
    7 points
  7. Eric123

    Epic Pennant on BTC Chart

    Right where we are supposed to be to get back to ATH by end of November.
    7 points
  8. I will always be appreciative that I've been lucky enough to watch this train be built, the tracks layed, and the system started. Humanity is getting an upgrade.
    7 points
  9. Could have, but since Brad was in Switzerland in front of a bunch of central bankers, the IMF and the BIS, I'm not worried that those changes would work out badly for Ripple or XRP.
    7 points
  10. I'm willing to accept that I'm suffering from confirmation bias and looking for positives in the data, but I don't consider myself delusional. At least not yet. Selling tons of XRP and not tanking the price - that's bullish, and it's been said on this forum many times, all the raised $$$ is being spent on building more infrastructure and use cases, so I am not troubled. Come back here in a few more years and we'll see if we were right to think it good management or bad.
    7 points
  11. Am I living on a different planet here? There are no such thing as German Euros and Greek Euros as they are the SAME currency. There is just “the Euro”. You are confusing bonds with currencies. The different treatment you are describing doesn’t stem from being a different currency, but rather risk of default. Please tell me you understand this. Also, did Malta have a savings freeze? I can’t find anything of that nature. Are you confusing Malta in 2008 with Cyprus in 2012-2013? https://en.m.wikipedia.org/wiki/2012–13_Cypriot_financial_crisis
    6 points
  12. The long-term usage of unsubstantiated hopium can cause mental retardation, chronic drooling and unsustainable bag filling.
    6 points
  13. It was once communicated by the TAS group a few months ago (TAS Network Gateway 3.0 architecture).
    6 points
  14. By 'funds' - I was referring to the XRP that are begin transferred to exchanges. I do not know from which wallets they really originate - they might be escrow sales, they might be other funds that ripple have access to from the non escrowed warchest. Certainly, the $$$ funds being used to purchase them are coming from you and me, but nobody held me down and forced me to 'invest' in XRP. I don't consider it dumping because I see value in the interledger protocol, the possibilities of ripplenet, atomic settlement, the implications of micropayments and smart contracts and the global changes in th
    6 points
  15. Thanks! Yes, your example makes sense. The difference is, in the faroff xRapid future, the German bank doesn't need to keep any Euros in the ECB. They simply sell their local onhand Euros for XRP, send it to the Greek bank, and the Greek bank converts it back to Euros. But you're right, in that case you're probably losing more value than you're gaining by not having to pre-fund in the central bank. Longterm: I can imagine some future where both German and Greek banks had XRP float on-hand for international transfers, which would be efficient to use intra-EU as well, rather than pre-f
    5 points
  16. Additionally to the still existing nostro and vostro (prefunded) account issues the whole TARGET2 payment system is just a large EUR -EUR IOU pre funded system with I belief at this point an approximate 50.000 EUR limit for immediate/fast transaction. So its just SWIFT 1.0A and nothing more. @Dutch_ins you are exactly right. At present in the European Union there is only immediate settlement as a result of pre funded accounts. Ripplenet WITH XRP IS NEEDED. Edit: And it is important to note that there does not exist any trust between the south (poor) and north (rich) European co
    5 points
  17. Photoshop is my game... It'd be a fun experiment 🤣🤣🤣
    5 points
  18. Thanks for the clarity. I am not a fan of the Euro project because it seems to me to be a half way house, but my understanding what this means in practice is somewhat fuzzy. I sometimes wonder if they would have invented the Euro if XRP had been launched before the Euro? XRP seems to answer the problems of both cross border payments and flexibility between economic zones/currencies, and XRP seems to me to be destined to become more than just the donkey that transfers value. It has a value as a store of value for transactions between currency zones.
    5 points
  19. The difference is... German Euros are in Germany, and Greek Euros are in Greece. The challenge is getting them from one country to the other in an instant. Since that can't be done, the value has to be stored in two places at the same time: pre-funding.
    4 points
  20. @Trentsteel @djdhrubs I bought into NEO before the run just after it shed the antshares name. I'm up on it but I rode it up and rode it down. Can't wait to see that coin regain it's former high and higher. NEO 3.0 is coming out soon I hear. Fingers crossed. XRP chart is looking good, not that XRP is very chart-able but the 50 Day EMA is set to cross the 100 Day EMA in the next 4 days. @Baka XRP could regain it's all time high before Bitcoin. XRP is hard to predict But I think ti's gonna have a good year.
    4 points
  21. Gotta admit, this is working out closer than I was expecting. Didn't expect the drop last week though, so $0.47 and beyond either today or tomorrow works for me.
    4 points
  22. Agree on the proximity, but we have to restrain ourselves from interpreting that proximity to imminent, guaranteed XRP usage. The proximity combined with the “dot connecting” on crypto twitter and elsewhere is what fuels these XRP conspiracies being propagated online and can cause massive amounts of unsubstantiated hopium. XRP will be successful, but I do think we ought to stick to fact-based rather than circumstantial evidence. Just my 2 cents.
    4 points
  23. This means absolutely nothing for XRP. XRP is not needed for TARGET2 Euro-Euro settlements. People are just making loose connections between different slide decks and drawing conclusions that don’t exist
    4 points
  24. Great post!! XRPchat should be the premium place for XRP related info and contribution like yours is what can make this happen. Keep on posting I love it!!! I've been part of this since early 2014. The reason I got in was Ripple's strategy and how they plan on building an ecosystem for XRP. So far they have pretty much done everything I assumed they would be doing. So I plan hodling through the next bullrun and until we see a well established ecosystem.
    4 points
  25. Will there be a run on Ripple? "Ehmm I'm not sure what that would look like but ehmmm'. Yes they will eventually use XRP. And even if they don't they will have the option to do so through a third party liquidity provider / xRapid partner. I think it is inevitable, but when the regulation is in place, it will need to be 'all at once', to avoid unfair competition.
    4 points
  26. Really massive volumes now only to be processed with swift as NSP currently. 432.508 BILLION in 2018. We hear "we're still early" a lot, but I feel like an unborn when I look at those numbers and the possible share in tx volume. Edit; what does 432,508 billion in processed value look like? Hmmm... 432,508,000,000,000,- It personally means for me that I will hodl at least until we get to the year 2022. I think hodling through a bull market will be much more difficult than the bear market we have/had.
    4 points
  27. Excellent find. This will give all NSP’s a fair chance. And we know that Ripple’s DLT (with XRP) will be ‘in the lead’. @Hodor this info can easily be the cherry for your next blog (already looking forward to it)
    4 points
  28. Hey great work finding this . Could you tell me where you found that ripplenet is an avaible choice for an NSP? To my information the list of avaible choices will be made official end 2019 -not now.
    4 points
  29. karlos

    Tiffany Hayden

    Locked.
    4 points
  30. You are outright discriminating people here(on age) and insulting other members for no apparent reason at all. Better get your act together cause this behaviour wont be accepted in here.
    4 points
  31. I think we have proof now.
    4 points
  32. By the way, I don't trust Euros from a bank in Greece since they are funded from large debt amounts. What if they get sanctioned and the funds are put on hold 🤣
    3 points
  33. Can you explain why XRP is needed for a EUR-EUR payment? If I have EUR and must pay out in EUR, why do I need XRP? Banks do not need nostro/vostro accounts if they are transacting in their functional currency. What you said makes no sense. Example: Netherlands bank wants to pay 1000 EUR to German bank. Netherlands bank does not need a nostro account with the German bank to make the payment in EUR. Nor does it have to "source liquidity" via XRP, as it already possesses EUR.
    3 points
  34. The difference in this example though is that the “value” you are referring to is the “value” of the bond or promise, not the “value” of a EUR. I think a more fitting term is “price” or “premium”, as the riskier borrower must pay more for the same Euro. The “price” of the bond or contract is dependent on the risks of the borrower only in this example, as the underlying value of what is being promised is equal for both a German bond and a Greek bond (1 EUR = 1 EUR). It isn’t so much 1 EUR isn’t equal to another EUR, it is more the case that one sovereign borrower of EUR is less capable
    3 points
  35. 3 points
  36. Might quit while I'm ahead 🤣
    3 points
  37. Actually the Euro is not altogether unified. There are Greek Euros and German Euros and there is a fracture between them, as we found out in the Greek debt crisis. The Euro is really a basket of currencies with one name and effectively trading as a single currency, but that is not how it works under the bonnet. The bond markets treat Greek Euros differently from German Euros. I presume this problem goes back to central bank accounting, and would need an expert to tell us if Euros can be treated with absolute parity in TIPs. Malta is a member of the Eurozone. In 2008 all the banks
    3 points
  38. No but it can be. And you also won't be tied to SWIFT for transfers to other RTGS's! I get your point but there are also OUTBOUND transactions. A hell of a lot of them.
    3 points
  39. I agree. XRP has lost so much value against BTC at a time that XRP development of the IoV has been gaining traction at increasing speed (Today the Thailand Japan XRapid corridor has been confirmed as now open, Brazil seems imminent). XRP is just about to form a golden cross and looks like being at the bottom of a dip (relative to BTC). Word of caution: I have a a history of underestimating the attraction of BTC to investors because I cannot get my head around why people think it has a future as a currency or store of value. For about a year I have been expecting the Flippening to happen, h
    3 points
  40. I don't even know why I keep replying to a kid like you but I will for the last time. "You do not have the IQ to hold any asset on it's the way to $20, let alone from 40 cents. " I've hold from 0.15$ to 3.4$ , then sold at 2.2$ , rebought at 0.30-0.35$. You're talking like you're superior , that's pretty sad too. "I trade and invest for a living ." That's what you say on your little blog right? well great for you I hope it's working well , instead of talking trash, you should help people who are new to this world.
    3 points
  41. Sticky

    Price potential of XRP

    I read all the posts you youngsters post at almost 76. I hope I live long enough to see $1.20 when I will break even!
    3 points
  42. OK, I agree with that part - but who is going to rebalance the corridors that are already open? Mexico, Philippines, now/soon India, Brazil - someone at the other end of those channels has to absorb a lot of XRP and use it to generate new MXN that can be used to buy up XRP from all the incoming payments. For that to happen, a reasonably non-volatile price is going to help. (I think - but I welcome discussion from anyone who has expertise in this area). So my previous answer is really trying to address that comment. OK. As a scientist, I'm good with occam's razor, so I'm
    3 points
  43. I will try to answer as best I can several questions in the same post. I submitted mine late last night, then went out for the day today and had a lovely surprise when I see that x,y,z and 38 others have reacted to your post ... Well, yes. We don't have evidence that FI's are holding xrp. But what is Corda Settler for? And how will market makers rebalance their accounts? I am no expert in corda settler, but my understanding is that two FI's agree on a transaction and one option for settling is to simply transfer xrp from Alice to Bob and then agree that the deal is settled. Nobody is g
    3 points
  44. Yes, this is crypto, the irregulated Wild West where prices can, will and actually are manipulated. And there lies the reason or possibility for crazy ROI’s. Once it’s cleared, be prepared for annual ROI’s of say 5%. Nice, but I just got that with LTC in 3 days and today with TRX in 1 day. Ripple is a whale when it comes to XRP. Maybe a whale we can trust, maybe not, but nevertheless a powerfull partie for XRP’s future ROI in all aspects. Like it or not. Is that fair and how it should be? Maybe not. But ROI’s of 36000% in 1 year ( 2017) aren’t normal either. I’ m literally gambli
    3 points
  45. Because pre-funding is extremely costly over time. Pre-funded money is locked up and can’t be invested, so it loses value as a result of inflation. Similar to nostro/vostro funding, it’s a necessary evil that banks hate, but will go away when digital assets are introduced and regulated. Happy to help with any other questions you have!
    2 points
  46. In that case xCurrent would probably be a fine option. I still see a use case, it is mentioned a lot of times and it is the purpose of releasing trapped capital in accounts held at overseas national central banks to pre-fund transactions 'in the same currency'. We also have other currencies than the EUR within the EU besides that. Prefunding accounts occurs even within the European Union. Pre-funding is expensive. We are lucky to have a great monetary policy within the European Union and a very efficient RTGS. But it is a no-brainer for me where we are heading. The world is bigger than th
    2 points
  47. Yes banks do use XRP and it is not a security.
    2 points
  48. You should look into Casinocoin, CSC. Cscchat.com Right up your alley.
    2 points
  49. The thing is a movement to a wallet doesn't mean its then sold right away, it could be ripple stocking up in their exchange wallet anticipating higher volume coming to make sales. We really dont know, and many times like september 2018, there was outside factors like the swell announcement upcoming that was hinted at, which moved the market dramatically and it likely had nothing to do with the small amount ripple salles compared to overall volume( As well as the fact that they had a huge amount of OTC demand that quarter, so they likely sold much less programtically sas they didn't need to. @B
    2 points
  50. @Julian_Williams @panmores Where there is smoke there usually is fire. In this case there is a verfied accountholder of the Thai bank claiming he got a pop-up whilst logging in telling about the impending fast payment change. Together this makes a ‘small fire’. For reference please see the video of Sam I Am ‘To the lifeboats’. The twitter source: https://twitter.com/SCuBaMaN_XRP
    2 points
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