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Showing content with the highest reputation since 05/16/2019 in all areas

  1. 74 points
    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, but the numbers looked wrong, my correlations were not consistent and the sales figures as a % of coinmarketcap volume didn't look right. I have extensively rewritten (and improved) my software and now have new findings that I feel confident enough about to share them. First, lets remind ourself of daily sales by ripple - in previous threads I found a strong correlation between yesterday's trading volume on coinmarketcap and today's sales (transfers) to the XRP-II distribution wallet. I identified 4 wallets that appeared to sum to about the right amount to explain the sales figures in the quarterly reports. Those wallets were referred to as RP1, RP2, RP3 and RP9. I refer the interested reader to the links above to find further details. If we plot the daily payments from those 4 wallets into the XRP-II wallet (XRP-II being the legal entity licensed to sell XRP to exchanges and customers and is presumably responsible for the programmatic daily sales as well as any number of other sales that we know little about). Here's what the sales look like from April 2018 until today, Note the line plot (linear, left y axis) is the sum of all the individual payments represented by dots that are logarithmically plotted (right axis). I found a strong correlation between the sum of payments and the coinmarketcap exchange volume, scaled by a factor that was around the 0.3% mark. I was intrigued by the drop in sales around mid Sept 2018 that preceeded a large jump in price and volume a week later. My hypothesis was that the drop in sales might be responsible for part of the rise in price (supply/demand). The sales pattern continued, largely unchanged until this year, though there are many wallets that transfer into XRP-II and they change over time, so it is difficult to be certain as to the true nature/volume or reason for the sales taking place. Please be aware that the graph above shows payments INTO the XRP-II wallet, and not out - this is because there are many more payments out and I was trying to identify that portion of sales that represents the daily programmatic sales. For the reasons I've just mentioned, it's too hard to be certain of any motives for individual wallet payments, so instead, I shall focus on payments OUT of XRP-II. Let's have a look at another plot, this time I plot all transfers OUT of XRP-II going into exchange accounts. I am grateful for the google sheet provided by @Silkjaer for a list of wallets that I have used for my assumptions of exchange addresses. You can immediately see that the payments to exchanges is very numerous. The summed total is shown by the solid line and the axes are consistent with the first plot. The totals also follow the same pattern as the sales into XRP-II from the subset of wallets, but is much higher as we are now including other payments from other wallets that are passed through and then go on to exchanges. Let's now show a more interesting graph - this has plots of the total exchange volume from coinmarketcap in green, I have normalized the plot to have the same area under it as the summed total of payments into XRP-II with a time shift of 1 day to show the correlation of the two graphs. The lighter blue line is the RP1,2,3,9 payments into XRP-II and the darker blue line is the summed payments out to exchanges. You should hopefully be able to see that the correlation between XRP-II payments and exchange volume is very strong, however, the correlation starts to break down in Q1 2019 and deteriorates further in Q2 2019 - the reason why my earlier correlation plots failed to give (to me) satisfying results. I have highlighted 3 regions on this plot. The first is in Sept 2018 (grey bar) when the sales from XRP-II virtually stopped. I speculated at the time that the xrp price (shown in the above plot as the black solid line) dropped to a low value for the year and probably ripple wanted to support the price by holding off sales temporarily. If that was the plan, then it worked very well as there was a massive jump at the end of Sept that still defies any reasonable explanation. So many news announcements are constantly being made about partnerships with ripple and events taking place that it is hard to know what might have triggered the rise. The second (grey bar) highlighted region in the plot is in May of this year - the difference between the green (coinmarketcap) and blue lines become very clear. Ripple shut down sales significantly again this month, and we have seen the price rise from ~30c to ~40c. I begin to wonder if my earlier hypothesis might have been correct, but sadly, two events is not enough for a 5 sigma announcement! What else is interesting in the plot? - the red shaded rectangle represents a point where the price of bitcoin was pumping hard, the exchange volume for all coins soared, but the price of XRP did not move very much. Why is that - we can see that the two blue lines rise well above the green one as ripple increased sales significantly - I speculate that they did not wish to see the price shoot up as we saw in Dec 2017, only to fall down again after the pump/dump/fomo/madness was over. Another interesting piece of data is revealed in the plot - the red crosses are payments from exchange accounts BACK to XRP-II - this hardly ever happened in 2018, except for a few scattered points in the year and a cluster of them around Sept 2018 when the sales halted. It is my second hypothesis that ripple have changed strategy during Q1. Prior to this, we see an almost constant sale of XRP proportional to exchange volume, during Q1, particularly after Feb 2019, the sales deviate from a simple pattern and we see returns from exchanges back to XRP-II. It would appear that their algorithm is smarter now and is trying to adapt better to market fluctuations rather than just continuously sell every day. Do we have any way of corroborating this? well, I'm glad you asked. Here's another graph, this time I take a sliding window of 10 days worth of data from XRP-II sales, and the same 10 day window of data from coinmarketcap exchange volume and correlate them, normalize them and plot the scaling coefficient. This gives us the XRP-II sales as a % fraction of the coinmarketcap volume in a running plot and we can see the fluctuation in sales as time progresses. The solid line shows the closing price of XRP, the two dotted lines are the running scale coefficients of the daily % of sales from XRP-II - the red is RP1,2,3,9 the green is ALL payments from exchanges (subtracting the return payments shown by the red crosses in the plot above). Now we can see quite clearly the event in Sept 2018 and the massive drop in may 2019. what is now apparent is Feb-May 2019 there was a large increase in sales as a % of daily volume. Throughout 2018, the red line holds reasonably closely to 0.15% of daily sales, which is fairly consistent with the figures quoted in the ripple quarterly reports. In Q1, things start deviating, and Q2 is all over the place. The drops in Sep 2018 and May 2019 are both followed by XRP price rallies. I added a dotted line at 0.05% of sales just to show how low the sales have dipped. What do I conclude from this... Ripple have changed their selling strategy to better adapt to market conditions and during March/April they increased quite significantly the sales, presumably to smooth out market pump/dump peaks and troughs. Financial institutions do not want like price fluctuations as it increases their cost of holdings - something we should all be grateful for as we want banks to buy in, not run away. Price fluctuations can also increase lay-off costs for market makers which also negatively impacts the market. (We're in this for the long play after all). There has been a slight decoupling over the last month or two with BTC as sales from XRP-II have been historically speaking very high. The large volumes we've seen did not move the price as much as one would have expected. Now would be a great time to pump XRP if whales are reading this! with XRP-II sales very low, it will be easier to move the market. Please go ahead and do this if you can. I'd like to see how high you can push XRP EDIT: I forgot to add one point - why do I think that sales have dropped in recent days? My suspicion (pure speculation) is that with the bear market seemingly coming to an end, Ripple feel safer in allowing the price to rise slightly to accommodate the new corridors they are adding. Disclaimers. All the data has been collected here by a random amateur on the internet. I do not even know for sure if the wallets I examine belong to XRP-II. I do not know for sure if the exchange address I use are correct. All the data in this article could be wrong. I might have even made it up just for giggles (I didn't but how do you know? Do you trust me?) This is not investment advice. But IMHO price rises are more likely when XRP-II sales are low.
  2. 66 points
    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 and securities within Europe, but also across other RTGS systems like Japan’s or the Federal Reserve’s. It means also the migration of TARGET2 (payments) with TS2 (securities) and TIPS (instant settlement) into one gateway for al European banks. All banks have to be signed with a contract to their selected Network Service Provider of choice BEFORE July 2020. RippleNet with it’s xCurrent (4.0) is one of those NSP’s. EDIT: 28/5/2019 - Ripple is NOT a NSP, since they have not participated in the tender, however RippleNet could probably be accessed though the two chosen NSP's. The new European RTGS system with integration to multiple NSP’s (like RippleNet for instance, currently Swift is the ONLY integrated NSP) will go live, with a “big bang migration” (as they like to call it themselves) in the whole of the EU on November 22, 2021. EDIT: 28/05/2019 - XRP usage "official"? The ECB paper Brad Garlinghouse referred to in his tweet: https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op223~3ce14e986c.en.pdf%3Ff2e9a2596a8f9c38c95f4735c05a0d47&ved=2ahUKEwjCsKP-gL7iAhXEalAKHZQFAskQFjAAegQIAhAB&usg=AOvVaw0myveAY0kP7vl4vj81wZJa Somewhere in there, you will find one specific sentence which, in my opinion says A LOT about whether banks under the ECB may use XRP for settlement or not. Dyor and decide for yourself.
  3. 57 points
    Although arguments can be made against the notion of future adoption of the XRPL by the financial system thru supporting the retention of the current international payment system or emphasizing the technological progress in the SWIFT payment network, they fail to address critical flaws in today’s system. Hackers, political pressure, regulators, and the shrinking correspondent banking system are all legitimate issues that are impacting banking operations. Most international payments are facilitated through the SWIFT network today. SWIFT is a messaging network used to send and receive information on financial transactions between financial institutions. Currently, more than 11,000 financial institutions from around the world are linked to the SWIFT network for operations. Typically, the originating bank is required to have a working relationship with the destination bank in international wire transfers. If there is none, the originating bank can search the SWIFT network for a correspondent bank that has one with both banks.(2) Once found, the transaction is transferred through Nostro accounts held at the intermediary bank for a fee to the destination bank. Although SWIFT’s inception has proven to be beneficial in enabling international payments between banks globally, it’s reliance or the monopolistic position has become a double-edged sword. Due to their international relationships, SWIFT was viewed as an apolitical organization that was independent of any country’s domestic foreign policy. Unfortunately, this has not been proven the case the past few years as political disputes now threaten to fragment the international payments space. Regardless of your political views towards Iran, the United States pressure on SWIFT to disconnect Iranian financial institutions from the network has been unprecedented. While the action undergone by SWIFT contradicts the European Union’s desires. Although the EU intends to maintain trade with Iranian institutions, SWIFT complied with the US requests.(3) With the consequence being that now the international payment network has become weaponized to exert political pressure onto countries or regions. This undermines the trust within the network as participants can ultimately be on the wrong side of political discourse. Along with Iranian FIs, there has been heavy speculation from US media sources and diplomats that Russian financial institutions might face similar sanctions to their Iranian counterparts in the future.(4) Further eroding any participant confidence in SWIFT remaining apolitical. SWIFT’s inability to remain impartial to the network’s participants is already beginning to have repercussions. In Europe, there has been a political push back on the US influence over the payment network. Germany's foreign minister, Heiko Maas, has publicly stated that the EU should "strengthen European autonomy by creating payment channels that are independent of the United States — a European Monetary Fund and an independent SWIFT system".(5) Even more striking were Maas’ comments that the EU had already begun the process of developing an alternative payment system. Both Iran and Russia have also taken similar responses to the EU. Iran has begun implementing an alternative banking platform for banking transactions with foreign institutions.(6) Meanwhile, Russian financial institutions have prepared themselves to be disconnected from the SWIFT network at a moments notice and have begun to adopt another alternative payment system CIPS. CIPS or the Chinese Alternative Global Payments System is also an alternative payment platform provided by China. CIPS was intended to make transactions between China and Russia easier while enticing other countries to utilize the system.(7) Russia has also begun to develop its own payment system called the “System for Transfer of Financial Messages” (SPFS). Essentially, the global political environment has pushed regions or countries to develop or adopt alternative solutions to SWIFT. Creating an ever growing, fragmented international payment network that will require interoperability between systems. SWIFT’s security has also been exploited these past several years, further testing the participant's trust of the network. Along with the frequency of these hacks occurring, the severity of them is increasing. Of the top five biggest SWIFT hacks by money lost, four of them have occurred within the past two years.(8) The sophistication of these attacks is becoming so advanced for SWIFT’s liking that they have begun to issue warnings and urge participants to increase their security measures.(9) In some attacks, hackers have been able to order payments to banks in other countries by copying preformatted payment requests into the SWIFT messaging software. Even further eroding trust in the network’s security, it was discovered that the NSA had breached SWIFT’s security and have developed tools for its operations. Thru leaked documents and files by a hacker group, the public was made aware of how the NSA had accessed the messaging system. Possibly setting in an uncomfortable feeling for financial institutions located in Eastern countries that the SWIFT network is a possible vector for attacks. Structurally, the correspondent banking system has been on a gradual decline for several years while total volume and value of payments through SWIFT are increasing. The Financial Stability Board conducted a study in which the FSB found that from 2011 to the end of 2017, active correspondent relationships declined by 15.5 percent across all currencies.(1) While for 2017 alone, it declined by 4.1 percent. More recent studies have concluded that 2018 saw declines in active relationships and corridors of about 3.5% and 2% respectively.(11) With the global correspondent banking network now declining by about 20% and the number of active corridors having fallen by roughly 10% the past seven years. This decline in active correspondent relationships has also coincided with the increased concentration within the correspondent banking market. Remaining participants in the network have their market share increase as competing banks exit the system. Both these trends pose respective risks and issues to the banking system. An increase in the volume of payments with the decrease in the number of correspondent relationships is theorized to increase the length of the payment chains. Implying payments will need to be facilitated thru more intermediary parties to reach the same destination. Possibly adding more exchange or transaction fees along with increasing the settlement time. Meanwhile, a concentration in the correspondent banking market introduces an unwelcoming scenario. Theorized consequences include a decrease in the competition of services, leading to higher costs and more fragile networks. As the payment network relies on fewer participants to facilitate payments, the failure of a participant will have greater repercussions as they are more relied on. Ultimately, the global political environment is causing a fragmentation of the global payment system while the financial system is gradually entering a delicate state. Both trends have already begun to force global and financial institutions to adapt and find alternative systems. Regardless of what SWIFT can develop to enhance it’s services to its participants, there will be issues the organization cannot resolve. Interoperability will more than likely be the key in enabling the future global payment space to withstand any geopolitical shocks, along with providing a crucial capability if the financial system is under strain due to the structure of the correspondent banking system. Placing Ripple’s xCurrent or ILP in an advantageous position. 1. https://bankingjournal.aba.com/2018/11/basel-decline-in-global-correspondent-banking-relationships-accelerates/ 2. https://www.investopedia.com/terms/c/correspondent-bank.asp 3. https://www.ft.com/content/8f16f8aa-e104-11e8-8e70-5e22a430c1ad 4. https://www.voanews.com/a/us-diplomat-russia-should-release-ukrainian-sailors-by-christmas-/4688911.html 5. https://www.businessinsider.com/germany-wants-european-rival-to-us-backed-swift-payment-system-2018-8 6. https://en.mehrnews.com/news/139715/Iran-welcomes-foreign-banks-to-join-its-alternative-to-SWIFT 7. https://ethereumworldnews.com/after-ripple-chinas-cips-now-competes-with-swift-departure-from-us-dollar/ 8. https://medium.com/@kvantorcom/top-5-biggest-swift-hacks-52fca78145c 9. https://www.reuters.com/article/us-cyber-heist-warning/swift-warns-banks-on-cyber-heists-as-hack-sophistication-grows-idUSKBN1DT012 10. https://www.reuters.com/article/us-usa-cyber-swift/hacker-documents-show-nsa-tools-for-breaching-global-money-transfer-system-idUSKBN17H0NX 11. https://www.bis.org/cpmi/paysysinfo/corr_bank_data/corr_bank_data_commentary_1905.htm
  4. 54 points

    Tiffany Hayden

    I think it's strange how much people care about this. After carrying kids around on my right hip for so long, I am used to using my left hand for things. Since I don't actually have a camera crew that follows me around, that's how left-handed pictures turn out. I don't like posting pictures of myself nearly as much as people like to chide me for. I don't like it all. I hate it. Try and find a picture of me in my 20's or even in my early 30's. Do you think any woman thinks "Now that I'm 41, it feels like a good time to start taking pictures of myself to share online in a predominantly (young) male industry, filled with vitriol, that scrutinizes every breath I take, and actively hates me?" No. I do it DESPITE that. Contrary to what dude's with middle-aged, single mom fetishes may think, I post pictures for the women. Like attracts like. I want to be visibly present and this is the best that I can do. People who like to talk about all of the attention I crave are never able to explain why, then, have I turned down every single interview request over the years? I push myself to be as personable as I can be because I want to be understood and I want to be visible to the other "regular people" in the world. Agreed. I was embarrassed at some of the comments and behavior coming from XRP supporters. It would be analogous to one flavor of Bitcoin making fun of another flavor of Bitcoin because their mempool was full. Same thing could happen to you, dude. Even more importantly, those people failed to recognize that the Stellar network SUCCEEDED, as designed, and stopped forward progress until it was safe. That was a victory for anyone championing Consensus over PoW. Thank you for this. Up until recently, I have never *only* liked XRP. One of the main features of the XRPL that originally attracted me to it is that it's currency agnostic. I am uncomfortably open about things so people don't have to speculate. I try really hard to do the right thing, knowing full well that not only are strangers online watching closely and judging, but my 2 kids as well. They are teenagers now and I have to atone for all that I do. They read every word written about me. I am sad at the way Bitcoin turned out. I didn't get involved in crypto to make a financial investment. I have always been poor. When the financial/housing crisis hit, I had a baby and a toddler and I felt terrified and helpless. The houses on every side of me went into foreclosure. They stayed empty for a long time. When somebody bought the house next door, they bought it for $12,000. When learned about Bitcoin, I latched on like it was a life raft. This is the Bitcoin that I was out evangelizing for: The entire article is good but it turned out to be ********. I was hopeful when Bitcoin forked that there was a chance to salvage it, but then Craig Wright showed up and there was just more infighting than I have the energy and capacity for, mostly because being an XRP supporter has been so damn taxing as well. And it's gotten worse lately. Nonstop **** like this. I don't know why, but as crypto enthusiasts poor into this space and grow in their knowledge, thoughts and reasoning, new XRP supporters have taken a different route, embracing ignorance and deciding to hunt cartoon bears and create conspiracies instead. Jed reached out to me, in a sincere way, because he felt misjudged by me and wanted a chance to be heard. I have no reason to hate him and everything he touches into eternity. Life is short and I don't enjoy fighting with people or holding onto hate. The second news broke about Steller and IBM, everybody was trying to make it sound like a loss for Ripple/XRP. Good news for Stellar doesn't mean bad news for Ripple and vice versa. I'm not willing to spend one second getting into an XLM/XRP ******* match. And I don't want to participate in the cheering that goes on whenever another project stumbles. I learn by doing and I'm here to learn. Because, for the most part, if one of you gets screwed over, nobody will care. I have a small platform and try to use it to amplify the voices that don''t get heard. I disagree. Neither my opinion of Ripple nor XRP has changed. It's because I am secure and feel confident in XRP that I don't feel the need to hate everything that isn't XRP. There are lots of cool projects popping up everyday. I think it's exciting and I definitely want to be a part of it. I don't view crypto as a spectator sport.
  5. 43 points
    On June 1 we were made aware of a theft of 201,000 XRP (transaction F6E9E1385E11649A6C2F88723A821AF209B54030886539DCEF9DDD00E6446948) and immediately started investigation. It turned out that the account robbed was managed through Gatehub.net, and that the offending account (r9do2Ar8k64NxgLD6oJoywaxQhUS57Ck8k) had stolen substantial amounts from several other XRP accounts, likely to be or have been managed through Gatehub.net. The same day we made contact to Gatehub to make them aware of the potential security breach while continuing our independent investigation and contacting exchanges where the offender appeared to have laundered money. On further investigation, we found several other accounts connected to the theft, leading us to 9 primary suspect accounts: rU6EsDCiHHYbTtA4uGGo8zaaiRz2sbDBST rN5Gm1FijbTVeYFfpTRfGKfNZQY7hc9TbN rprMix9uYyQng5vgga1Vg8HTeBMCzaeM2i rUvPCdYJMzzGu9AFKrNeKgCTpxrpFc3RHt rJpKe5rbjgzzGJc1wm1xqKj6j4UjBQ6s48 rGSWKo2oiJnJiPEoHvDZTK2XG7RtE62Cbh rpBDxqWArAQTEfPeWwkUvBh1cbc885nirX r9do2Ar8k64NxgLD6oJoywaxQhUS57Ck8k rKZ14F9KT65chQ382M33U41a4eniGMAyfG From analysing the data, we found the first likely victim to be 10,000 XRP (transaction 30FBBD47F6791A00BF0C1DCFF6CBD8AECBF9EF71141544C031B8FAF3EACB4C41) on 2019-05-30 12:25:40 UTC. As of writing this report, 2019-06-04 12:30 UTC, we gather that ~21,700,000 XRP has been stolen from 50-60 victims, of which ~12,300,000 have already been laundered through exchanges and mixer services. We have while conducting the investigation kept contact with some of the victims, with Gatehub and with the exchanges used for laundering. Scenarios While there is still no conclusive evidence pointing to the centre of the attack, here are scenarios researched in our investigation: 1. Gatehub account hacks From analysing access logs by victims and transactions made on the XRP ledger, it does not appear that any accounts were breached on gatehub.net directly, using client login credentials. 2. Phishing From interviewing victims, it does not appear that any of the victims had been victims of phishing attempts through, e.g. e-mails impersonating Gatehub.net 3. Repeating nonce Since all victim accounts are older than December 2017, and while old accounts are more likely to be vulnerable to bad encryption implementation by transaction signing software, it seems not to be the case. To our knowledge, only a handful of accounts are vulnerable to this attack, none of which is the victims of this case. 4. Incremental nonces While repeating nonces do not seem to be the core of the attack, it is still a possibility that a poorly implemented signing library has used incremental nonces, which makes brute force hacking a possibility. We have not been able to confirm or deny this theory. 5. RippleTrade migration Since all victim accounts are older than December 2017, and many carry a RippleTrade username, bad practice in handling migration of user accounts could be the cause of the account access – however, it does not appear that all accounts are old RippleTrade accounts. Hence this is also unlikely. 6. Browser client hacking While it is possible to retrieve user information by exploiting a vulnerability in the Gatehub.net API, we find it improbable to be the cause of the attacks. The victims are spread globally, and any such attacks would likely occur by sniffing access on a shared WiFi. 7. Old database leak Since Gatehub.com is a hosted wallet provider, they store encrypted private keys. It is possible that an unknown database leak in the past has been exploited and private key brute forced offline until the offender found the funds retrievable sufficient. Exchanges and platforms used to launder money (not complicit) We have identified some of the largest recipients: changelly.com: 6,064,900 changenow.io: 2,976,192 kucoin.com: 1,081,500 huobi.com: 930,000 exmo.me: 136,940 hitbtc.com: 115,028 binance.com: 111,000 alfacashier.com: 58,000 Overview Yellow: Exchanges and accounts used to cash out exchanges Blue: Victims Red: 9 suspected accounts Note: A few victims may have not been channeled through the suspect accounts and have had funds sent directly to exchanges. A theft that involves multiple victims needs to be handled via law enforcement in various countries. We strongly advise victims to file a complaint with relevant authorities in their jurisdictions. On behalf of XRP Forensics https://xrpforensics.org (Public members: @alloyxrp, Bithomp, @Silkjaer)
  6. 39 points

    Why XRP will NOT succeed

    You are so clueless.
  7. 39 points
    Link Brad presents last, starts 30 minutes towards the end. 14/5/19
  8. 36 points

    List: The Voices in Bob’s Head

    Sorry to disappear for so long. The week turned out to be more involved than I thought. Just as a quick recap, I've been fighting prostate cancer. I had radiation treatment, but my PSA numbers have not responded in the way they were expected to. (down) Unfortunately, they have been trending up. This is quite puzzling to the doctor's because I caught the cancer early. It was also a less aggressive variant that should have responded to treatment easily. That has been coupled to some nagging discomfort in the area that won't seem to go away either. So last week was a bit stress inducing. I had two full body scans last Tuesday and Wednesday. The first was a bone scan and the second was a full body CT scan. The goal was to make sure none of the cancer had escaped and spread. Medicine being what it is, the scans had to be done, read by a radiologist, then relayed to my oncologist. I had to wait on the final results until this Tuesday. So in between, Janet and I decided to mitigate the stress by driving to Baton Rouge, LA to meet the awesome XRP Community there. Many thanks to @RippleWraith for setting up an awesome dinner meetup. And even more thanks to everyone who showed up despite the torrential rain and flooding happening last week. RippleWraith even brought an amazing birthday cake to top off the evening. It turns out, it is only an hour and a half more of pouring rain to make it New Orleans. So Janet and I spent my Birthday there. Her gambling (she won) and me drinking (I won!) We managed to get out of there Saturday morning just before the flooding got to NOLA. Turns out only six hours more rain to make it back to Houston! We ended up going straight to my mothers to pick up Puccini, then stayed over Saturday night to be there for Mother's Day on Sunday. Of course, the endless rain and driving broke something on the car. So Monday meant fixing that. Then staying over longer to see the doctor on Tuesday. Good news is, it turns out, all the scans are clean! That was a huge relief. We still don't know what is causing the numbers to stay up, but it is seeming likely that it may be prostatitis. I've got a long course of antibiotics to take now and more testing and followups later in the summer. So all in all, it looks like I'll survive. So now that I'm finally home and back online onward to the first study group session. I'll post about that in another thread. Sorry to keep everyone waiting. But at least, XRP has been trending up in the meantime!
  9. 32 points

    Tiffany Hayden

    I think it’s strange how all her selfies are from the same side
  10. 31 points

    Warning: phishing messages.

    A reminder to never click on links that are sent via private message from unknown members. It appears scammers have created profiles here on XRP CHAT, and are pretending to be from Gatehub support. If you receive any such private messages, please make sure to report it using the "report" button: Stay safe and be careful!
  11. 31 points

    Why XRP will NOT succeed

    Hi. Many people like to predict 5 dollar XRP or even 10 dollar XRP. But this people will NEVER tell you the truth. It cost you 20 XRP to create an account and back in 2015 2016 2017 it costed between 15-20 cent to create an account.. And now its costing 8+ dollar. IF XRP goes up to 5 dollars.. This means 20XRP x 5Dollar = 100 dollar for an account. And every time you need to create an new account, its going to take another 20XRP for that other account.. Ledger/exchange/Coinbase (will need new accounts). What about 10 dollar XRP or 50 dollars ?? How much will the account cost then, 200 dollars !?!?!?! XRP noobs answer.. The cost of an XRP account is 20XRP and thats because they don't want spam on their network. But back in the days they where avoiding the spam with 15-20 cent XRP accounts, why can't they do the same thing again? * And no one is calling this out... instead everyone is shilling XRP without even understanding it. Lets all talk about this FLAW before we let our friends and families buy XRP. Because i had the same problem.. My friends spent 50 dollars on xrp and lost 8 dollars x 2 and he is already calling it a scam for taking 16 dollars to create accounts.. I've also have had problems sending my XRP from my ledger wallet.. sometimes it works and sometimes it doesn't work. ''True future bank coin'' that works only when they say so. The more XRP on your wallet... the more problems their is on your wallet (Remember what i said)
  12. 27 points

    Some near future price speculation.

    I may be way behind some of you, and repeating old ideas, but whilst trying to guess where this chart was heading next, I thought I'd take a look to see what happened in May 2017. From what I can see, 2019 would appear to be plotting a pattern similar to 2017. Matching the size and scale of the peak from the past and present, I can offer up this graphical hypothesis. If; speed = distance / time, maybe, future = past / present XRP loves to follow patterns, so I actually think this "artists impression" (not technical analysis or investment advice) could end up being quite close to the money. Obviously it's not going to match it candle for candle, but I do predict the following; Saturday 18th - Sunday 19th = Around $0.43 Monday 27th = We revisit the $0.47 resistance and break through. Friday 31st - Saturday 1st = Around $0.76 matching Septembers peak and resistance line. I'm intrigued to see how this plays out...
  13. 26 points
    Some new members here and with the most recent price action I'm sure everyone is on edge so I wanted to recap the goal of Ripple and how they're focused on their product suite. Ultimately, everyone wants large US banks to get onto the system and they may eventually but that's not what Ripple cares about currently. Their attack is 3-fold: 1. Develop their product suite and the XRPL to be unparalleled in execution: They do this with a focus on more interoperabilty between their different product lines (xVia, xCurrent, xRapid). See xCurrent 4.0. Also, they're focused on improving the XRPL through the development of Cobalt, an upgrade that moves the transaction times from 3-4 seconds to less than 1 second, significantly improving on-chain TPS. 2. Grow liquidity through partnership with exchanges in unique corridors: Everyone wants to see the major fiat pairings of the world receive significant xRapid volume (USD, EUR, RMB, etc..) but in reality Ripple's goal is to attack areas that have significantly less liquidity than the major pairs. This is why you see such partnerships with the Middle Eastern and Eastern Asian countries currently. They have more favorable regulations and have some of the largest pain points when it comes to fiat liquidity. This allows the removal of correspondent banking as we know it which will drastically change the economic landscape of these countries. The larger pairs will come at the end. 3. Develop the XRPL Ecosystem: With the creation of Coil, xPring and the partnership with R3, Ripple is positioning the XRP Ledger to facilitate a myriad of use cases while they can maintain a laser focus on point 1. Let other business leaders focus on growing new use cases and products while Ripple continues to work on their cross border remittance software. All of these will pay huge dividends down the road as competition increases in this space and other companies begin to catch up to the product development that Ripple already has in production (Hyperledger being the most obvious competitor right now). Ripple has the luxury of a 5ish year head start on their competition and I believe that this lead will allow them to expand their partnerships to the point that other competitors will work to find a way to integrate into their systems using the XRPL instead of directly competing. See the current SWIFT model; companies don't try to compete with SWIFT, they try to develop solutions around this product to help the endpoints. This is what I expect to see within the cross border space as well. In saying all of this, I expect this to be a 5-10 year play on Ripple's expansion into this space as regulations pave the way for this new asset class to facilitate a true change in global economics. ZOOM OUT.
  14. 25 points
    I don't feel the answer was "not that good". Question Answer First, he corrects the statement about Ripple providing liquidity. Second, he puts into perspective what happened overnight in the market place. Third, he translates the question into an appropriate one. Again, he points out the liquidity does not have to do anything with Ripple itself. Again, he reformulated the initial question. Again, he states what happened overnight. He highlights the liquidity difference between XRP and the other existing solutions. He depicts what the market would chose, given the advantageous liquidity risk XRP provides, associated with the limited liquidity cost. Again he states what happened the day before in the market place, which is pretty nascent in his opinion, that itself is enough of an answer to the initial but reformulated question.
  15. 24 points
    Crypto trading started out as a closed community with anarchist values. It purposely wanted to exclude the involvement of institutions. Only a year ago you had to buy BTC on unregulated exchanges in order to buy XRP. The values of that inheritance still dominates the bubble universe that still fixes the prices of crypto assets. Gradually the opportunity to invest in Crypto is opening up, and as it opens real world values will supplant the old ones. Be patient and don't take too much notice of prices now because they do not reflect the prices of the future.
  16. 23 points

    XRP News Update: Regulation on Page One

    Blog URL: https://xrpcommunity.blog/xrp-news-update-regulation-on-page-one/ Part of crypto going 'mainstream' is regulatory compliance! I cover this and the latest news impacting XRP in my latest blog: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐍𝐞𝐰𝐬: The 'Financial Action Task Force' issues guidance for exchanges. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple is expanding into Brazil; Crypto Eri analyzes potential new xRapid corridors; Corporate Counsel interviews Ripple's Stuart Alderoty; and The Investment Association of China (IAC) appoints Yoshitaka Kitao as an advisor; 𝐊𝐚𝐯𝐚 𝐍𝐞𝐰𝐬: Kava announces they've upgraded Switch to support trading of Ethereum ERC-20 tokens. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Andre Ventura creates a new XRP fan video; Updates have been published about the Gatehub-related XRP theft; XRP Arcade is updated with information on meetups and a new tool for monetizing surveys; Crypto.com adds an option for earning interest on deposits; and Beaxy debuts with an XRP pairing; I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  17. 23 points

    The Power of Water

    It has been a while since I last wrote a blog or article. So, I wanted to let the #XRPCommunity know about the water filter distribution we did last week with Filter of Hope water filters that had been donated by the community. I will let the blog, my first on Coil, do the speaking. https://coil.com/p/BigBuck/The-Power-of-Water/eoDBTdFzf
  18. 22 points

    Matt & Ben talk about XRP

    Hi all, last night I had an amazing chat with a chap called Bitcoin Ben about XRP. He is a LTC and BTC supporter... a 'regular guy', who is really interested in crypto and has his own Youtube show. We had a blast... and talked for over 2 hours (grab a long coffee or a case of beer for this one!). We talked about all sorts, XRP, the XRP ledger, Coil, Kava labs, Ripple, etc. Ben asked a bunch of really good questions that gave me a good opportunity to explain things about how it all works and how everything fits together. Oh... and the best bit? He is a Coil subscriber now so he will actually be getting paid XRP when Coil subscribers watch his video! Enjoy!
  19. 22 points
  20. 21 points

    XRP News Update: June 9th, 2019

    Blog URL: https://xrpcommunity.blog/xrp-news-update-june-9th-2019/ The future is becoming more well-defined for xRapid and ILP micropayments! Learn more in my latest XRP News blog: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐍𝐞𝐰𝐬: The SEC's FinTech Forum was held on May 31st. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple founds a new subsidiary in Switzerland; SendFriend is going live with XRP payments this month; David Schwartz presents at the WeAreDevelopers conference in Berlin; and Ripple releases episode 13 of the Ripple Drop, covering 'RippleNet and On-demand Liquidity.' 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Suisse Gold, an online bullion dealer based in the UK, plans to support XRP purchases; and Vontobel, an investment banking company based in Zurich, Switzerland, announces a new XRP-based certificate for their customers. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  21. 21 points

    XRP News Update: May 19th, 2019

    Blog URL: https://xrpcommunity.blog/xrp-news-update-5-19-2019/ The XRP news cycle is accelerating! I break down all the news affecting XRP in my latest blog: 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple advertises a new open position titled 'Xpring Community Advocate'; David Schwartz presents at Consensus; Brad Garlinghouse talks to dozens of central bankers; Finablr announces a new Ripple-based payment service with Siam Commercial Bank; 𝐊𝐚𝐯𝐚 𝐍𝐞𝐰𝐬: Kava publishes an idea for an XRP-backed USD stablecoin called USDX. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: RabbitKickClub publishes a guide for those that want to run an XRP validator; Uphold announces a complete elimination of all withdrawal fees for XRP holders; David Schwartz comments about Cobalt; BlueHelix exchange adds an XRP-USDT pairing; and Bitkeep exchange adds both an XRP-USDT and an XRP-BTC pairing; I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunityalternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  22. 21 points

    Introduction to XRP

    Blog URL: https://xrpcommunity.blog/introduction-to-xrp-2019-edition/ Just published the updated, 2019 version of an "Introduction to XRP" on the XRP Community Blog! I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thank you for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  23. 20 points

    XRP News Update: June 5th, 2019

    Blog URL: https://xrpcommunity.blog/xrp-news-update-june-5th-2019/ The last week was full of important news for XRP stakeholders! Find out if you missed something in my latest blog: 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ginger Baker participates at the Europe Money 2020 Conference; and Ripple releases an important statement about their market reporting. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Stefan Thomas conducts an AMA on Reddit. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: The XRP Ledger becomes more decentralized with two new 'default UNL' operators; Ripple publishes an interactive tutorial for monitoring payments; B1X announces their platform will utilize the XRP Ledger; The CEO of XRP United makes a sad announcement about the death of the exchange's founder; Gatehub reveals details of a recent theft of XRP on its exchange and XRP Forensics begins tracking the XRP; CatalX, a Canadian exchange, announces an XRP-CAD pairing; Bitex adds support for XRP; and the 'XRP Merch Store' is now open for business. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  24. 20 points


    Blog URL: https://coil.com/p/Hodor/Xumm/GcD8MEL4B It's time to have Xumm fun! If you own XRP, you need to learn about XRPL Labs new signing platform, Xumm. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  25. 20 points

    XRP News Update: May 30th, 2019

    Blog URL: https://xrpcommunity.blog/xrp-news-update-may-30th-2019/ As we near the beginning of June, keep up to date on the latest XRP developments! I cover the high points in my latest blog: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: The SEC will be holding the 2nd 'Distributed Ledger Technology (DLT) and Digital Assets' tomorrow. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Dan Morgan attends a World Bank FinSac meeting; Marjan Delatinne attends the European Blockchain Convention; Breanne Madigan, a former Goldman Sachs employee, decides to work for Ripple; Simple, a new remittance platform, was build in partnership with Ripple; Money Tap announces a new merchant program; and Interledger releases videos from the April Interledger Summit in San Francisco. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Two videos are released from the latest XRP Meetup in The Netherlands showing presentations from Wietse Wind and Bitrue; The design for Xign is shown by Wietse Wind; Taotao adds support for XRP; and imove adds wallet support for XRP. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  26. 20 points
    Nothing. Let banks run their own business, all these constant 'Are you using xRapid?' questions from the XRP community to every FI, under every tweet, support etc. is doing more harm than help in my opinion. Ripple has a product team, marketing team etc. - if they want to approach a FI in a professional manner and if they see value in it - they'll do it. Spamming some intern that works as a support guy is a waste of time. Not to mention that xRapid and sourcing liquidity on demand at the moment only makes sense when dealing with exotic fiat pairs, if most of the corridors are EUR/USD/GBP related there's really no point.
  27. 20 points

    Tiffany Hayden

    Your whole post is just a thinly veiled attempt to insinuate (though I’m not sure to what end) and it sickens me. What does Tiffany’s or my personal life have any bearing or relevance? Why should my employment status have any kind of impact on Tiffany and her ability to operate a server or limit the things she can experiment with, like and/or support? And as for David’s comments, I share his point of view and I see nothing strange about them.
  28. 19 points
  29. 19 points
    "'yo wass up XRP brothers and sisters...hehehehehe...shoutout to random guy, 'sappenin' brother...hehehehehehe...I'm a shoutout to everyone typin' in the stream, this is going to get tedious folks, but bear with me....hehehehehehehe...." sertee minootz leteer.... "'alright...I guess now we're about half an hour into the stream, let's get into some news....hehehhehehhee...BG my main man has updated his background image on Twitter...Oh mah gawd...."
  30. 19 points
    The Vice President of American Express Colin O’Flaherty on Wednesday confirmed that the company was officially using xCurrent, a blockchain-based financial solution from Ripple Inc. O’Flaherty, who doubles as the General Manager of global commercial services UK & Russia, spoke at the last day of The Money 20/20 event held in Amsterdam. “Ripple offers instantaneous, point-to-point conversations between the sender and receiver of funds. And that provides a real opportunity to alleviate most of the issues our customers are facing,” he said at a discussion session at the event. Source: https://smartereum.com/18259/confirmed-american-express-amex-axp-officially-using-ripple-xrp-xcurrent-ripplenet-money-2020-xrp-news-today-mon-jun-03/
  31. 19 points
    Reminder: There is no direct evidence pointing to Gatehub being responsible even though it may appear as the most likely scenario right now. Just be careful about jumping to conclusions What you can do right now, however, is preparing for action to be taken in all circumstances: If you are afraid that your funds are insecure, move them to a new account or re-key your current account. If you have lost funds, file a police report. Even though it may seem to not help immediately, it will require international law enforcement collaboration to investigate this – and rather have a report filed and "be in the system" than not. If you have any knowledge about phishing attempts (fake Gatehub emails) and similar, share it with them. Gatehub are surely conducting an internal investigation! I also belong to a small group of people who have been following this closely since the first reports came out, conducting our own independent investigation and monitor all transactions related to the heist, being in touch with exchanges where funds have been moved, analysing access logs provided by victims. We will share all information and leads we have with law enforcement agencies and assist in any way we can.
  32. 19 points


    Blog URL: https://coil.com/p/Hodor/Cinnamon/GjIO4jjXv In my latest blog, I interview the founder of CinnamonVideo, Róbert Tarabčák, about his Coil-enabled platform's 'minimum viable product' release! I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  33. 19 points

    Epic Pennant on BTC Chart

    Lemme get this straight - you guys decided to specifically go to XRP Trading and Price Speculation club, find a popular topic about a TA pattern (pennant) on BTC chart, and then post in that very thread that you think TA is BS? Well, hell - you might as well have gone to a BBQ steakhouse and tried to educate everyone there about merits of being a vegetarian. Thank you for your opinion, but I think that you might be in the wrong place. Salad bar is across the street and it is called the General forum.
  34. 19 points
    For more details click the link. 264 organizations (that we know of) linked to Ripple. https://www.xrparcade.com/rippleecosystem/
  35. 18 points

    New XRP Ledger Dev Site

    The XRP Ledger dev portal is not just moving to new digs, it's got a new philosophy. It's not Ripple's site, it's the XRP Ledger's site. (We're just helping.) Check out the new site and get BUIDLing! https://xrpl.org/
  36. 18 points
  37. 18 points
    Hey all! We are aware of the matter and are looking into it. If anyone has any information please contact us at: security@gatehub.net GateHub
  38. 18 points
    Money shot right here: “We’re also seeing increased demand for instant payments and are looking forward to using the digital asset XRP to source on-demand liquidity during transactions on RippleNet.” https://ripple.com/insights/adding-value-to-cross-border-payments-is-why-moneynetint-runs-on-ripple/
  39. 18 points

    Alex cob is good for the space

    The lad actually delivers some decent news. Yeah he is kind of a xrp maxi but what ever. He doesn't give price predictions and is always on top of announcements. Around 30k subs on YouTube so he is becoming a prominent voice in the xrp system. The lad deserves a bit of praise for all the work he does. crypto eri and cob are all over it. Shout out to the other YouTube maxis too. hoggsy aka lemonmule aka chocolate starfish
  40. 18 points
    "The forum agreed unanimously that Ripple XRP will become a means of Foreign Exchange settlement instead of the US Dollar. The reason for this conclusion is based on so many factors." "Since the settlement of payment in XRP is faster than the dollar, the forum believes XRP will be used as the settlement currency in the next five years." Source: https://todaysgazette.com/ripple-xrp-will-be-used-as-fx-means-of-settlement-instead-of-us-dollar-wall-street-forum/
  41. 18 points
    Indeed... I heard his next movie is coming out this summer which is based on actual events we experienced during the crypto winter... "Dude, Where's my Lambo?"
  42. 17 points

    Epic Pennant on BTC Chart

    BTC 200 Day EMA and 300 Day EMA crossover - Will be occurring on Sunday 6 9 19
  43. 17 points
    IMF Director Christine Lagarde on The G20 and the global economy June, 5th 2019 At the end of discussion, during the Q/A, something very interesting happened Link to the question below Link to the answer from Christine below
  44. 17 points
    Yes, that's exactly how markets work.
  45. 17 points
    I'm here for the top quality journalism posted daily in the Press section
  46. 17 points

    XRP News Update: May 25th, 2019

    Blog URL: https://xrpcommunity.blog/xrp-news-update-may-25th-2019/ Time to read the latest XRP news heading into this weekend! I cover it all, including a major announcement by Kava: 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Pat Thelen elected to U.S. Faster Payments Council (FPC); and Brad Garlinghouse participates in a podcast by Kara Swisher. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Stefan Thomas participates in an AWS Loft panel discussion; and an AMA is planned with Stefan Thomas at the end of this month. 𝐊𝐚𝐯𝐚 𝐍𝐞𝐰𝐬: Kava announces their new service, 'Switch.' 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: XRP Arcade adds an infographics page; and PayWithXRP publishes a self-identifying list of businesses that accept XRP. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  47. 17 points
    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 not as easy as it looks and not everyone has the EUR, thats why we even have prefunding issues within the EU. Some countries even have a dual monetary policy (Poland for instance). XRP would be a no-brainer, even in the Euro zone. And I agree with you, it is good the way it is, but there are real ways to make it faster, cheaper and better overall. Opening up Target to more than just Swift is groundbreaking. ALL the european banks will eventually be able to use RippleNet next to swift if they like. Ps. Why am I even busting fud on xrpchat 😂
  48. 17 points
    Dilip Rao is going to attend the International Conference on Fintech, organized by the World Bank, on may 22-23 in Vienna, Austria. The BIS will be in Vienna at the same time if we check the FSI's 2019 programme, see below Dilip's tweet. Do you remember what Dilip Rao said during the last Ripple Drop about Central Banks ? I put the video below at the right time frame. BCBS: Basel Committee on Banking Supervision The members of the BCBS come from Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong, India, Indonesia, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. BSCEE: Banking Supervisors from Central and Eastern Europe The members of BSCEE come from Albania, Austria, Belarus, Federation of Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Russia, Serbia, Slovak Republic, Slovenia, Ukraine. https://www.bis.org/fsi/fsi2019overview.pdf http://www.worldbank.org/en/events/2019/05/22/international-conference-on-fintech
  49. 17 points

    Tiffany Hayden

    Let it be known that since Ripple’s execution didn’t meet @yxxyun‘s timeline for successful implementation, xRapid has failed.
  50. 17 points
    https://bitcoinexchangeguide.com/ripples-xrp-falls-under-virtual-currency-in-japan-in-new-blockchain-crypto-regulation-2019-report/ XRP falls under "virtual currency" and "security" in Japan. So I guess we'll see in the next few months if regulation was truly the thing holding XRP back and see if Japan is going to really adopt XRP. This does mean that SBI will finally launch, I think.
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