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Showing content with the highest reputation since 06/17/2019 in all areas

  1. 52 points

    US Banks are Getting Frantic

    Alright guys, its been a hell of a week for Ripple and crypto in general. We are witnessing the beginning of a banking revolution- its only going to get crazier as we head into 2020. PART 1: Let me start this post by telling you a conversation I had with my mother, an executive loan officer and branch manager of a regional bank in the south: After the usual mother/son conversation, I asked her how her job was going since she just came back from family leave. APPARENTLY.... "The top executives are freaking out. The projections for loan income are completely off due to the FED announcement." If you're not in the US, basically the central bank wants to lower interest rates next month. The effect? Here is an excerpt from a Yahoo Finance article: https://finance.yahoo.com/news/fed-interest-rate-cut-horizon-121512567.html So, US banks will be struggling to make the quota for this fiscal half because the banks projected the rate to actually increase rather than decline. This meant that many banks gave adjustable rate loans to borrowers in hopes that the prime rate would increase over time. PART 2: Responses from other banks have ranged from nonchalant to panic As you can imagine, banks want to keep a lid on their panic state. Most have released statements that say they were prepared for the rate decline. Some are in denial and think the FED will call back on its majority vote to cut the rate https://www.cnbc.com/2019/06/20/one-major-bank-is-holding-the-line-saying-the-fed-wont-cut-rates-this-year.html Once Goldman Sachs executive went all the way to say smaller banks are screwed https://www.bloomberg.com/news/articles/2019-06-20/goldman-sachs-executive-says-legacy-retail-banks-are-screwed Based of the conversation with my mother, I would agree that the banks are concerned and stand to lose a lot of money. PART 3: ENTER CRYPTO- Libra is announced, and the Moneygram Move Okay so, unless you live under a rock, the news this week has been amazing. Facebook announces Libra under much criticism. The announcement had a few effects: Whether you love it or hate it, it has helped bring crypto into the spotlight this week. All press is good press for crypto, that much is true. Regulators have sprung into action. Already making statements about the regulation of Libra and crypto in general. (See quotes below) https://www.apnews.com/ee872c2a79494a1183866bd1dc9c9083 https://www.cnbc.com/2019/06/20/facebook-libra-cryptocurrency-faced-with-central-bank-warnings.html https://cryptonews.com/news/fatf-decides-to-tighten-crypto-regulation-report-4092.htm There are plenty of other quotes, but i think this suffices. A final effect is that banks will be looking for an alternative or an edge against their competitors. Ripple and Xrapid already exist and has gone through extensive trials over the past 5 years. Brad Garlinghouse has already made the statement that Ripple has has a "record week" due to the Libra Announcement: BOOM- Thank you, Facebook. Ripple is also in the spotlight for the Moneygram Deal. MoneyGram's Stock rose over 150% and huge announcements for new corridors were made as moneygram is expanding their footprint in India. Ripple is making other moves as SBI Remit and SCB Thailand are featured in their Paying Forward promo videos (check twitter, i'm too lazy at this point to embed them lol) Conclusion TLDR: Banks are hurting from the potential FED rate drop and crypto appears this week to banks as a way to cut costs. The financial transformation is on the horizon and is approaching fast! If your read all that, congratulations. You're amazing!
  2. 39 points

    David Schwartz and 'Facebook Coin'

    Blog URL: https://coil.com/p/Hodor/David-Schwartz-and-Facebook-Coin-/UiNoDHA-J Curious about Facebook's new coin, Libra? I've collected David Schwartz's recent comments on it in my latest @coil 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 thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/xrp Reddit r/RippleTalk Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  3. 36 points

    McDonalds a Ripple Partner?

    I think they are just celebrating at our future workplace.
  4. 36 points
  5. 35 points
    "... i will also say i'm gonna send a case of champain to david marcus the guy that runs libra, ehm the reason is - this week will probably be the best week of signed contracts at ripple ever. It has been a massive call to action because facebook kind of came out and said we dont need banks or western union anymore, so i think banks realize if facebook is going to be a competitor in this space, they cant depand on technology like swift to compete in the market place..." brad starts at about 1h mark
  6. 34 points

    XRP News Update: June 25th, 2019

    Blog URL: https://coil.com/p/Hodor/XRP-News-Update-June-25th-2019/C2b8POzio The IoV is unstoppable! I cover the most important XRP-related announcements and news in my latest blog. π†πžπ§πžπ«πšπ₯ 𝐁π₯𝐨𝐜𝐀𝐜𝐑𝐚𝐒𝐧 𝐍𝐞𝐰𝐬: The SEC's DLT Finhub session took place on May 31st & I provide my take on the panel discussion. 𝐑𝐒𝐩𝐩π₯𝐞 𝐍𝐞𝐰𝐬: Scotiabank and Leapfrog Technology announced they are Ripple customers; Banesco Panama provides more details on its latest work with Ripple; and Dilip Rao, Ripple's Global Head of Infrastructure Innovation, will present at the Central Bank Payments Conference in Berlin, Germany. 𝐂𝐨𝐒π₯ 𝐍𝐞𝐰𝐬: I host the first 'Hodor's Mysteries' exclusively for Coil subscribers & share two fascinating Coil creators that you won't want to miss. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Ripple publishes a new, enhanced version of the 'WebSocket Tool,' a popular tool for submitting transactions, now available on the Test Net and your local validator; and XRP_Productions, a popular new video producer, releases 'Farewell, Bitcoin,' a unique seven-minute video worth sharing with friends & family. 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
  7. 33 points
    Blog URL: https://xrpcommunity.blog/xrp-news-update-moneygram/ Ripple makes a dramatic market move, partnering to upgrade MoneyGram's international payments! Read more in my latest blog: 𝐑𝐒𝐩𝐩π₯𝐞 𝐍𝐞𝐰𝐬: Ripple announces their new partnership with MoneyGram; CIMB produces a new commercial that emphasizes it 'runs on Ripple;' and Ripple releases a video for the International Day of Family Remittances; 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Ripple sponsors a new site for collaborative XRPL documentation; Standing Ovation decides to support XRP payments; Paralect assists goLance with accepting XRP as a form of payment; Secalot and Ledger hardware wallet logins can be used at Bithomp; and two exchanges - Bgogo & OceanEx - now support multiple XRP pairings. 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
  8. 32 points
    I had no idea it was real until a few minutes ago. But this is huge. Pretty excited to see where this takes us, both the company and the broader XRP community.
  9. 31 points

    How Much XRP do people here have?

    Look at mine!!!
  10. 30 points
    https://krld.radio.com/media/audio-channel/alex-holmes-chairman-ceo-moneygram-international-inc-nasdaq-mgi Nice podcast about 9 minutes. "I agree, a lot of those guys are doing what we did a year and a half ago , in pilot mode and testing xrp, but we’re about to do is move this forward in a very large wayο»Ώο»Ώο»Ώο»Ώο»Ώο»Ώ." @Zerp_Legend
  11. 28 points

    I’m out

    I don't get why ppl do this!! Announce that they have sold some digital asset, token, etc. Sell and be done with it. You don't have to explain why, it's your money dude. It's almost like you wanted permission....LOL!! For the sake of completion, It's ok @Capone we forgive you for selling your XRP, no hard feelings my man....
  12. 27 points
    Had to publish this early, won't have access to a pc for a week: https://xrpcommunity.blog/setting-up-the-pieces/
  13. 26 points
    Oh dear. Seems I missed a bit of a ruckus. A couple of folk here know that as of a few days ago (well before the ruckus) I decided that the now-normal negativity and vitriol here at XRPChat was too annoying, and the time I spent here daily was too great, for me to continue in that way. So I’m trying to disengage somewhat.... ( I’ve tried and failed previously because of poor self-control, so ultimately, if I can’t disengage enough to avoid spending too much time here I will have to totally disengage.) Meanwhile I see some significant people in the community have done a one-eighty degree turn and now feel that we might be being scammed by Ripple. Fair enough... I’m not buying into any of it. I’ve made my bet and will ride it all the way up or down like the ignorant little retail investor that I am. I’m really just posting this to say thanks very much to all of you who have helped me in numerous ways here, and especially to those many of you who made me laugh out loud on many occasions with brilliant posts and memes. I also wanted to explain my absence to those wondering why that loud-mouthed XRP maximalist Tiny isn’t making an alternative case in this current ruckus. I do hope those who are seriously doubting their XRP investment are wrong to be concerned, but time will tell I suppose.
  14. 26 points

    I’m out

    I'm out too....... ....of fiat to spend on XRP cuz this biznitch is going to the moooooooooooooooooooooooooooooooon! please let this age well..... please let this age well... please let this age well....
  15. 26 points
    This is really significant. Forgetting about the price of XRP for a moment, Larsen has been saying for years, "imagine if money could move like information". One barrier has been that the traditional/legacy repositories of capital have refused to trial digital asset rails at scale. This partnership suggests that a sea change is around the corner. My rent check took 10 days to settle last week, 10 days! Hopefully this a sign that those days will soon be behind me.
  16. 25 points

    XRP News Update: Two Quarters Done

    Blog URL: https://coil.com/p/Hodor/XRP-News-Update-Two-Quarters-Done/fgahtd5T7 With 2019 at the mid-way point, I pause to examine the important news impacting XRP, all in my latest blog. π†πžπ§πžπ«πšπ₯ 𝐁π₯𝐨𝐜𝐀𝐜𝐑𝐚𝐒𝐧 𝐍𝐞𝐰𝐬: It gets worse for Bitcoin's environmental impact; its massive electronic waste is now being assessed. 𝐑𝐒𝐩𝐩π₯𝐞 𝐍𝐞𝐰𝐬: InstaReM aims for a Singapore digital banking license; SendFriend is live with xRapid; MoneyTap gets seven new banks; and Scooter Braun acquires Big Machine Label Group. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Stedas finishes the 2019 XRP Community Poster; XRPL Labs launches TestNet validator; RabbitKickClub publishes a new UNL parsing tool; Forbes releases a short biographical piece about Thomas Silkjaer; Coinfirm signs Ripple as a client; and Falcon Private Bank offers crypto custody, including 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
  17. 24 points
    Blog URL: https://coil.com/p/Hodor/XRP-News-Update-The-Internet-of-Value-Forges-Ahead/2CrYvDFta The IoV continues building out XRP's ecosystem: Find out about the most important news stories impacting XRP in today's blog! π†πžπ§πžπ«πšπ₯ 𝐁π₯𝐨𝐜𝐀𝐜𝐑𝐚𝐒𝐧 𝐍𝐞𝐰𝐬: The Central Bank of Japan and the European Central bank publish Phase 3 Test Results for Project Stella. 𝐑𝐒𝐩𝐩π₯𝐞 𝐍𝐞𝐰𝐬: Jeremy Light will be attending PayExpo for Ripple; and Brandon Wilson provides a preview of Codius Host 2.0. 𝐂𝐨𝐒π₯ 𝐍𝐞𝐰𝐬: Soar Payments interviews Stefan Thomas as part of its podcast series; and I share my 'Coil pick' for this week. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Reverend Ripple announces updates to his 'Solstice' service; Dev Null Prod announces details of the NYC meetup; XRP Productions releases another 'XRP Story'; DMM announces they'll be supporting a direct XRP-JPY pairing; and Bitpanda Global Exchange announces they will support XRP at launch. 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
  18. 24 points
    Central Bank Payments Conference Berlin, Germany, 24 - 27 June Organized by (clickable image) http://www.cbpayments.com/
  19. 22 points
  20. 22 points
    Demand is a bit of a tricky concept. At all times, all XRP are held by someone, so at all times all XRP are demanded, the thing that can change is how much they are demanded, which gets expressed in the market price. Demand is a value placed on XRP by everyone individually (or as a business unit), and the demand curve is just an aggregate of all the individual demands. It's easier to understand it if you don't think of it as an quantity, but rather an amount that it is wanted- basically just an intangible subjective feeling. For example, if I want a slice of pizza, I demand a slice of pizza, and my willingness to pay for it shows the amount that I want it. I may want a slice of pizza up to $2, or I may demand it more and be willing to spend $5. I may not know exactly how much I want the pizza, only that I want it at least enough to buy it for the price the shop is selling it for. Some people may demand XRP up to 10c, some people may demand it up to $1, some people may demand it at $0. If I demand it up to 10c, I would be offering my XRP for sale right now, if I demand it up to $1 I would be offering my dollars for sale to buy XRP. So back to David's tweet, it's not really very useful to think of an xrapid transaction as an increase or decrease of demand, it's not really applicable. Additionally, the same can be said of any XRP exchange period. Every buy has a corresponding sell, xrapid is just two individual transactions that both have equal and corresponding buys and sells. Because demand is just an individual's subjective valuation for a thing, the only way to increase demand is to change how much people value it. More xrapid transactions has the potential to do that in a number of ways. One way is that it makes XRP more useful at satisfying the wants of the people using it. What they ultimately want to do is be able to transfer value from point A to point B, and more people transferring value means more offers to buy and sell at points A and B, which means tighter spreads, and the ability to send the payment without either waiting for a good offer, or moving the market to take worse offers. If XRP is more useful to people, more people will demand it, and more people will demand it more than they do currently. If it satisfies peoples wants more effectively, they will be willing to pay more for it, and the price goes up.
  21. 22 points

    XRP News Update: June 21st, 2019

    Blog URL: https://coil.com/p/Hodor/XRP-News-Update-June-21st-2019/5jVJvC10y The MoneyGram deal and Facebook continue to grab headlines, but I cover all the other major news impacting XRP in my latest blog. π†πžπ§πžπ«πšπ₯ 𝐁π₯𝐨𝐜𝐀𝐜𝐑𝐚𝐒𝐧 𝐍𝐞𝐰𝐬: The Token Taxonomy Act has two new sponsors & I encourage people in the US to write their local Representative! 𝐑𝐒𝐩𝐩π₯𝐞 𝐍𝐞𝐰𝐬: Bloomberg's interview with Brad Garlinghouse is watched by 150 thousand twitter users; Brad Garlinghouse participates in a chat at the Fortune 'Brainstorm Conference' in Monkau, NY; a former SEC exec joins Ripple; and Interledger publishes the remaining videos from the ILP Summit in April. 𝐂𝐨𝐒π₯ 𝐍𝐞𝐰𝐬:Coil announces their 'Boosting Payout' program and provides an application for those authors interested; and I provide my latest Coil recommendations. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Wietse Wind upgrades the XRP Tip Bot (application) with higher limits; Leonidas reminds users that XRP Arcade has an option to keep up-to-date on the latest tweets; and CryptoDotCom announces that their 'Crypto Earn' program is now available for all US 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
  22. 21 points
    I think Egypt is a place ripe for Ripple adoption. Of course, I hope this about most places so here is some data that makes it worth keeping an eye on. [1] In the most general of ways, the situation in Egypt might seem familiar to the situation in India: the government has alternately outlawed and permitted crypto. Currently it is not exactly clear where they stand on it, but there has been a recent legal push towards licensing. [https://cointelegraph.com/news/egypt-lays-out-path-for-a-crypto-future-with-draft-law ] [2] The country intends to move towards a cashless society, but they have a very high amount of unbanked people. [ https://www.egypttoday.com/Article/3/68491/Sisi-approves-cashless-methods-of-payment-law ] To this end, the government is working on a unified card for citizens to receive all their government entitlements such as salaries, pensions or subsidies, tied to either a bank or an Egypt Post account. They are also "working aggressively" on encouraging mobile money & mobile wallets use. Government is also working with the CB to offer microfinancing through mobile applications. This effort will provide banking to 20mill + unbanked. [ http://www.theworldfolio.com/files/file/report-5cae38c273220.pdf ] (Left & Right columns) [3] Significantly, these efforts are connected to a three-year programme, FIGI, led by ITU, the World Bank Group and the Committee on Payments and Market Infrastructures (CPMI) of the Bank for International Settlements, with support from the Bill & Melinda Gates Foundation... [https://news.itu.int/how-egypt-builds-trust-digital-financial-services/ ] Likewise, the use of Post Banks for financial inclusion is something the Universal Post Union, with support from the Gates Foundation, has been behind. [http://news.upu.int/no_cache/nd/gates-foundation-helps-upu-support-partnerships/] [4] Recently, the Central Bank of Egypt, in december, said it will issue a digital currency [ http://en.amwalalghad.com/egypts-central-bank-studies-issuing-digital-currency-official/ ] While it is not clear what platform might be used, it is worth noting that the government owned National Bank of Egypt and the largest private bank, the CIB are both members of R3, Voltron. This largest private bank and R3 Partner, CIB, intends to build out a DLT network in 2019. In their EOY 2018 annual Report, they claim to have tested "different use cases for potential development into live projects and built a local blockchain network for banks and different financial services providers" [https://www.cibeg.com/English/InvestorRelations/FinancialInformation/Annual Reports/Annual Report 2018_002.pdf ] [5] Another piece of the puzzle might be that Kuwait's NBK, a Ripple partner, has a significant presence in Egypt and their other neighbors, Saudi Arabia are also involved with Ripple. So too, UAE, and the major bank in Oman. [6] Finally, consider that Egypt's Suez Canal Economic Zone, has deep ties with Russia. Russia is building a huge economic zone in this trade/port center for Russian manufacturing and trade with Africa, Middle East and Europe. Putin claimed $7billion will be invested. At the same time, with so much trade finance at stake, both the EU and Russia are investigating alternatives to SWIFT to avoid US financial control. [https://www.rt.com/business/452047-russia-industrial-zone-egypt ] [https://uk.reuters.com/article/russia-banks-swift/russia-backs-global-use-of-its-alternative-swift-system-idUKL8N2163BU] [https://english.mubasher.info/news/3333401/EU-starts-SWIFT-alternative-money-transfer-system] [7] In 2018, Egypt received the 5th largest amount of remittances. The first list: India China Mexico Philippines Egypt That list should look very familiar to Ripple fans... [https://migrationdataportal.org/themes/remittances ] /end
  23. 21 points

    Libra VS XRP

    A single for-profit company that has access to your full identity, your interests, your social network, your entire personality basically, by scanning what and how you swipe through the content that has been fed to you through your personal brainwash device (a.k.a. smartphone), now also gets access to your wallet, and your entire purchase history. It can not only make you want something, it can let you buy it with a click. The self learning algorithms will make sure you want it, and will make you click. Are we / governments just going to let our transformation into brainwashed swiping zombies that are fed and milked like cows by the server farms of Facebook happen? I don't think so.
  24. 20 points

    Xpring invested projects

    SB Projects:http://scooterbraun.com/ date: MAY 14, 2018 ,https://ripple.com/insights/welcome-to-xpring/ Did it use XRP now? Omni: https://omni.co date: MAY 14, 2018 ,https://ripple.com/insights/welcome-to-xpring/ Did it support XRP now? Securitize: https://www.securitize.io/ date: Nov 28, 2018 , https://medium.com/xpring/investing-in-securitize-e035a8918b9b Didn't saw any token on XRPL made by them since then. Dharma:https://www.dharma.io date: Feb 6,2019 ,https://medium.com/xpring/investing-in-dharma-854f5bd7b17f from their faq: no plan to support XRP. XRPL Labs: https://xrpl-labs.com date:Feb 14,2019 , https://medium.com/xpring/investing-in-wietse-winds-xrpl-labs-cff19d964c76 XRPL focused. Kava: https://www.kava.io/ date: Mar 1, 2019 ,https://medium.com/xpring/investing-in-kava-1dd820519a4f their blockchain based Cosmos https://github.com/Kava-Labs/kava. DeFi Coming to Cosmos : https://medium.com/kava-labs/defi-coming-to-cosmos-808034b733be support ILP. Forte: https://forte.io/ date: Mar 13 ,2019 , https://medium.com/xpring/partnering-with-forte-44b6d3304bbb claim to support XRP, no much news after launch, https://medium.com/forte-labs-inc latest blog date Mar 13, 2019 Bolt Labs: https://boltlabs.tech/ date: Apr 17, 2019 , https://medium.com/xpring/investing-in-bolt-labs-55da169bd79c seems like not support XRP from their github:https://github.com/boltlabs-inc Agoric : https://agoric.com/ date: May 14,2019 , https://medium.com/xpring/investing-in-agoric-ad57ad10e448 their test net based Cosmos, https://github.com/Agoric/cosmic-swingset seems like not support XRP from their github Near Protocol: https://nearprotocol.com/ date: Jul 11 ,2019 , https://medium.com/xpring/investing-in-near-protocol-b3de9b6209e2 just one more project won't support XRP to be continued
  25. 20 points

    Epic Pennant on BTC Chart

    @Molten Yeah I do feel good about XRP, I've been trying to buy some all day but Coinbase is unable to process payments (since 3:54 am). Yes a lot of my enthusiasm for XRP has to do with that fact that it is lagging the rest of the market. Basically it's the only top 10 coin that is still barely off it's low . But additionally there are other reasons for my enthusiasm 1. For the last six months or so a lot of good news has been released regarding xrp with almost no positive price reaction. 2. Chart still looks good. flattening price and the rising volume, 3. Developments in the wider crypto market will draw interest in XRP. I see Litecoin's halving, Bitcoin's price rise, Bakkt and later bitcoin's halving as positives for XRP. I know it can be discouraging to see the price of XRP stagnate, however .38, .37, .40 .45 these prices are largely irrelevant to me. I mean I don't care if it goes to .70, I'm not gonna sell at that price but at that price I probably won't buy any more. I'm waiting till around $20 before I start to consider selling so .05 here or there really doesn't matter to me. But basically yeah, I think XRP is due.
  26. 20 points

    A short reminder

    The hands of my children on our way to the playground.
  27. 20 points
    Memes are coming to life here.. Did this one a couple of months ago.
  28. 20 points
    Great interview! Thinking through his statements... He mentioned using XRapid for backend settlement initially, which actually lines up with how you might expect the initial use case to go. Here’s why: If a direct xRapid remittance payment (customer-facing) takes a few minutes to complete, that’s fine in most circumstances, but your customers will want the best possible experience, which is instant payments (not 3 minute payments). Moneygram would probably rather use the instant payout of xCurrent / nostro accounts for the customer experience. What I think xRapid will be used for initially is filling those nostro accounts and rebalancing liquidity on an ongoing, 24/7 basis, rather than for direct customer-facing remittances. E.g. for transfers from US to Mexico, Moneygram might only need an hour worth of funds in a Mexican bank account at any given time, rather than 3 days worth of liquidity. Those nostro accounts can be much smaller because they’re constantly being refilled, at a lower cost rate than the correspondent banking system. At least, that’s how I’m interpreting Moneygram CEO’s comments! Which means... I bet Ripple is working on or has some kind of automated liquidity-balancing capabilities built into xRapid. If we didn’t already have a going theory on what xPool is, I would assume that name would fit pretty well for a rebalancing product.
  29. 20 points

    Why libra is inferior to xrp

    I'm going to try to keep this as simple as I can. Libra is a stable coins tied to multiple currencies. That doesn't work. I'll explain below. But first, we have to understand that stablecoins, by definition, don't increase in value, which limit incentive/reward to buy, hold or use. In a simple example of stable coins with just one peg, when the supply is insufficient for a purchase, simply more stable coins are printed, price doesn't change. The amount of money taken in is held in reserve until cash out. This creates a risk that the entity holding the reserves is honest, doesn't take a commission, and invests or stores the reserve safely. Someone has to hold the reserve and perform work to keep a ledger and process transactions. This isn't free, so the management costs will constantly have to be paid by someone, will have to be taken from the reserve holding, a fee has to be charged,.or the reserves invested for growth. (See risk above). Simply, someone has to pay. On top of all this, the underlying peg currency has to remain stable itself (not going to happen). If all people want to cash out of a stable coin, someone is going to lose. Now, let's complicate the stable coin by tying it to multiple pegs. In this case, let's say we're tying the stable coin to the value of USD, EURO, JPY, YUAN. Now we have to decide how the value of the coin will be derived. Example 1: Let's give each currency 25% of the weight of the value of the stable coin. In ANY scenario, of multiple pegs, one will perform worse than the others. The people who would MOST benefit from a stable coins would be those that denominate in the worst performing peg. The people would would LEAST benefit are those that denominate in the best performing peg. Thus, people from the WORST pegs will put in the most, to the reserves. Over time, the reserves (money that was taken in) will be disproportionately from the lowest performing peg, causing a gap in the reserves held and the stable coin market cap. Because the value of the stable coin is determined by a equal average of the pegs, Not everyone will be able to cash out. And this doesn't even take into account the costs associated with the maintenance of the coin or the transaction processing or the risks of an entity holding/investing the reserves. Example 2: The stable coin value could be derived from the value of the assets held in reserve. This would allow the reserves to meet the market cap value (everyone could cash out) despite the imbalance in peg performance over time. Needless to say, the costs associated with the operations, combined with the imbalance in peg performance would lead to a guaranteed loss of value over time by all stable coin holders. What would be the point? Just to send money to your Facebook friends? On the other hand - When the supply isn't available for an XRP purchase, the price has to go up to exactly the amount needed to entice holders to sell enough to meet the demand. Same with selling. It's an open market with price based on supply and demand. Almost no cost and no reserves that need to be managed. No central party needed to hold reserves. The value is in the utility, potentially increasing over time as new use cases are created. This could be a good place to hold your money to maintain or grow value; however, not without risk. Stable coins guarantee loss. All risk, no reward. The only people who make money here are those who control and/or manage the system. Clearly this is why Facebook wants to creat a centralized copy of XRP for their own gain, when a decentralized version already exists. If Facebook really wants to improve the world, why do they need to reinvent the wheel into a system that benefits themselves? Why not just build on what's already out there? Open market coins, such as XRP have risk of loss, but also come with potential reward. Choosing the right open market coins to invest in- those that can demonstate utility, can will lead to value growth to the asset holder - rather than the giving the value gains to the system or people who control the system. I realize this is simplistic and there is a lot more involved, but this post is long enough already.
  30. 20 points
    I hope people haven’t forgotten that MGI has an exclusive partnership with Walmart. We basically just bagged Walmart indirectly for the time being.
  31. 19 points
    We finally managed to release an entirely overhauled version of alivingledger.com! Check out the XRPL real-time visualization on ledger.observer Our new version has an entirely new architecture, that allows us to implement sophisticated features in the coming months. One example of such a feature is a named based search, that is already implemented in the current version (thanks to http://bithomp.com for their awesome name API). And the best thing is, the whole application is available on github: https://github.com/smoes/ledger-observer Don't forget to follow the new twitter account (@LedgerObserver).
  32. 18 points
    LOL. No, I'm not a shill. (for the f***ing 100th time) And yes, believe it or not, I think we (the community) need to act to hold Ripple accountable for accurate reporting. I've helped in the past with this by bringing to light the possible overselling in Q1. If we end up having credible evidence that is iron-clad, I would definitely not hesitate to cover it.
  33. 18 points
    Blog URL: https://coil.com/p/Hodor/XRP-News-Update-Expansion-Headlines/vKzbht2pU Ripple and Coil are expanding - 𝘧𝘒𝘴𝘡! I cover what this means for the IoV in today's XRP News Update. 𝐑𝐒𝐩𝐩π₯𝐞 𝐍𝐞𝐰𝐬: Alex Holmes, the CEO of MoneyGram, gives a short interview via Cheddar; and David Schwartz is interviewed onstage at the 'Future of Fintech' conference in NYC. 𝐂𝐨𝐒π₯ 𝐍𝐞𝐰𝐬: Coil invests $20 million in Imgur, the popular meme-and-image-sharing website. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Wietse Wind presents at the 2019 Crypto Valley Conference; Leonidas Hadjiloizou publishes the Q2 2019 XRP Report, detailing all of the major news stories for Q2; The Bitrue Exchange suffers its first 'hacking' attack; and Exchainpay adds XRP pairings. 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
  34. 18 points
    International Money Transfer, Remittances & X-Border Payments Conferences Link to the page Link to the agenda (pdf)
  35. 18 points

    Epic Pennant on BTC Chart

    Could you ask for a better set up than the XRP chart. Does anyone think this is not ready to explode???
  36. 18 points
    Think more in terms of Liquidity in a plumbing system. So some water/value goes in (on the outgoing exchange), the value moves through the system and some water/value flows out at a different location in the system, the in comming exchange of (RippleNet/IoV). The water which flowed out, is not the same water that flowed in. The water inflow, just pushed some water out of the other side of the system. The amount of water in the system (aka demand = supply) is not pertinent, it is the value/water flow rate through the system, that is the "liquidity". Think of RippleNet and XRPLedger and the IoV as pumps in a plumbing system. The higher the volume of flow, which can be pumped through them... the higher the utility value of the pump/system. Just like you pay more for a big pump, than you pay for a small pump.
  37. 18 points
    SBI Remit has been in partnership with Moneygram for years. I'd be surprised if SBI wasn't significantly involved in planning this deal. Also, everyone needs to start thinking about how this benefits all RippleNet partners, not just Ripple - last mile access at 400k agents in 200 countries, multi-hop considerations, etc. This is a really strategic move.
  38. 17 points

    Devil's advocate re: XRP sales

    The last few weeks have seen a lot of talk about Ripple's programmatic sales of XRP, along with the "dumping" of XRP by Ripple executives. Much of the discussion centers around a coordinated dump because of a lack of belief in the future of XRP by these parties or a "crypto Ponzi". What if the actual reason is quite the opposite? I remember during the great bull run in 2017/2018, the executives of Ripple, particularly Garlinghouse, having to go on CNBC and discuss their multi-billionaire status as the price of XRP rose. Many questions arose about the ethics of a company holding so much of a digital asset that was rapidly appreciating and many thought that this was unsustainable. What if they are making a coordinated effort to offload their XRP at relatively low prices (through escrow sales, individual sales, charity, etc) to avoid the appearance of impropriety in the future if and when XRP should rise in value again? Is it not possible that they fully expect XRP to become more valuable and are thoughtfully distancing themselves from ownership of the asset so that this does not become a focal point in the future? I can easily foresee a scenario in which XRP rises in value and Ripple the company becomes a target of ire of the public and elected officials for owning so much of it; perhaps this is a means to temper those expected criticisms. It certainly is also possible that this is one giant scam, but somehow this doesn't fit the narrative. These are highly successful people who hail from other large companies, I hardly think they have decided to engage in the world's biggest heist on the public stage (though one must admit the possibility I suppose). At any rate, I don't see much of anything that has changed recently, other than people have decided to talk about something that we have known about for years. Frustration from the recent price swings, I suppose, especially in relation to BTC's recent rise. I will point out, as other much more technically inclined folks on this forum have, that every giant leap in XRP price has occurred just after a massive dip in XRP/BTC. I look for us to hit 2000 sats and then off the races. Time will tell how that prediction ages
  39. 17 points

    Make XRP a $1 Stablecoin

    GTFOOH!!!! Dude your post have been real desperate as of late.
  40. 17 points
    Christine Lagarde, President of the European Central Bank - Role and Impact Last week, the Europeans have finally found an agreement on the name of the future leaders of the continent. Among them, the post of the President of the ECB has been assigned to an outsider that we, french people know very well, Christine Lagarde. Is this nomination a good news for Europe ? Yes, without a doubt. First because Christine Lagarde has a solid experience of the international economics as the Managing Director of the IMF, until very recently. Also experience of politics, she was Minister of Commerce, Economics, Finance, Agriculture and Fishing under the presidency of Chirac and Sarkozy. Finally, she has a strong business experience as she was the first woman to lead a large law firm, based in Chicago, 15 years ago. Why is this post of the President of the ECB so important ? Because the President of the ECB is like the chef who adjusts the fire under the pans. By fixing the level of the interest rates, he or she defines the level of economic activity in the Euro zone. The members of the banks Council who vote to set these interest rates must therefore document themselves very accurately on the state of the economy in the different member countries in order to make the right decision. These members are essentially governors of national central banks. The President of the ECB, who was a man until now, an Italian Mario Draghi, has for task to get the Council to consensus. It is a position of influence, an essential position. And it is also the President and she alone who will speak publicly on behalf of the ECB, especially vis-Γ -vis the financial community, investors, markets, that are very attentive to the slightest word from the President of the ECB. Hence her words can resonate and strongly influence the gaze of regulators, as the former President Mario Draghi already adressed public statements on multiple occasions in regards to cryptocurrencies. Not to mention the very recent paper, published by the ECB, that indicate cryptocurrencies do not pose a threat to financial stability, especially in the Euro zone. "Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures" So, what is it that makes them so vigilant? The slightest word can make the stock markets fall all over the world, because it can be interpreted as a pessimistic diagnostic on the state of the economy, the central bankers are a bit like financial oracles, so they speak a very special language which is deliberately very little understood. As a matter of fact, Alan Greenspan, who was the Chair of the Federal Reserve of the United States 15 years ago, said But beyond that, by agreeing to settle at the ECB headquarters in Frankfurt, Christine Lagarde still takes one of the most difficult positions in the world. Why is it so difficult? Because the Euro zone is a baroque team of countries with very different levels of development and activities. It will therefore be necessary for her to find the policy of interest rates that is suitable for all. It is like finding a one-size-fits-all clothing that is suitable at the same time for large, small, etc. The Euro almost exploded because of these differences 7 years ago and it was precisely the President of the ECB of the time, Mario Draghi, who had just arrived, who saved the Euro by imposing to a part of the Council, particularly to the Germans, exceptional measures to help the southern States of the area that were victims of an unprecedented sovereign debt crisis. Christine Lagarde extends the lineage of many French leaders of international organizations, the ECB and especially the IMF, at the head of which there were 4 French. On a funny note, we have a lot of trouble selling our industrial products abroad, but for the export of top quality officials, we are doing pretty well.
  41. 17 points

    Epic Pennant on BTC Chart

    @codiusrex I'd stay away from articles that use someone's twitter feed as a source, that goes double if the twitter feed belongs to Nouriel Roubini. On a tether related side note looks like the NYAG's case againt IFINEX may get dismissed July 29th. https://www.law.com/newyorklawjournal/2019/06/14/crypto-investigation-tests-limits-of-ny-ags-authority/?slreturn=20190528111751 As I've stated before in this feed - my opinion is the Tether noise if FUD. Also my opinion on Facebook's Libra coin (for those that care) - it's somewhere between a really good thing (in that it will bring people into crytpo) and irrelevant, because it is a centrally controlled and issued stable coin (why not just hold dollars?) Bitcoin chart is still looking good. I think people get nervous when the price starts going up by thousands of $ a day, but we're only at what 60% of our ATH. If we're gonna follow the cycle again we are gonna start to have some large daily gains especially next year like $10k, $50k maybe even a $100k day. I think of Bitcoin as a Class A Share of Berkshire Hathaway. Bought some more XRP yesterday and today. XRP's 100 Day EMA will Probably cross the 300 Day EMA in the next week or so.
  42. 17 points
    She also gets a mention from this morning's article from Fortune.com as one of the recent female Movers and Shakers : http://fortune.com/2019/06/19/have-we-reached-the-point-of-metoo-malaise-the-broadsheet/?utm_source=twitter.com&xid=soc_socialflow_twitter_FORTUNE&utm_medium=social&utm_campaign=fortunempw Here is her linked in, which shows 2 years as Senior Counsel at SEC, 4 years Head of Global Regulatory Affairs and Public Policy at Bloomberg, and past year at blockchain-related companies. https://www.linkedin.com/in/michelle-bond-6a141116
  43. 17 points

    Libra VS XRP

    so glad we have yet another thread on this, since the last four or five didn't quite satisfy my soul
  44. 16 points
    He’s no bearableguy when it comes to riddles, but he says there is a clue in the post as to what the announcement will be. CryptHawk (@TheCryptHawk) Tweeted: AWS / R3 is nothing compared to the big one coming for the "Back to School" period! You have the whole summer to prepare yourself! Not sure your body is ready yet! #XRP #Ripple #XRPCommunity #XRPArmy What’s more fun than crypto riddles? Shine on you crazy diamonds.
  45. 16 points
  46. 16 points

    Epic Pennant on BTC Chart

    @Eric123Eric I'm outa likes or I'd have given you a big one. Group hug everybody. lol. @Caracappa The long term chart shows the trend has changed. The bottom is in and we are making higher lows and higher highs. The daily chart is a very bullish pennant formation that looks nearly complete. And importantly, these things are occurring on steadily rising volume. XRP holders will have their day soon.
  47. 16 points

    I’m out

  48. 16 points
  49. 16 points

    Libra VS XRP

    Anyone who's concerned about this competing with XRP fundamentally does not understand how money works. I just listened to the Libra tech lead say that "companies will pay their vendors in Libra" and I laughed and laughed and laughed. Companies could pay their vendors in Tether right now -- but they don't because that's completely insane. Moving Tether doesn't move value -- it moves a liability. As a vendor, I don't want Tether. I want money. The first thing I want to do is get out of Tether, or Libra, or Citicoin, and into real settled value, but I can't do this if there's no liquidity with that token, and there's no liquidity with that token if its value sits in an account on the other side of the planet.
  50. 16 points

    Libra VS XRP

    I live in Hong Kong and I have experience in using Alipay or Tencent pay. The number 1 reason why it works so well in China is: 1) There are tons of fake RMB banknotes circulating in China.The bank notes are dirty and very old, no one wants to receive it. 2) Due to point# 1, customers already have a big incentive to use digital money. 3) The credit card penetration rate in China is low, ony rich people has credit card. Chinese like to pay with cash, not on a credit as well. I don't see there are such needs in the US as everyone has credit/debit card/Apple pay/Samsung pay already. For me, the crypto war zone is still in cross border payment. Ripple purchase of MoneyGram offers convenience, anonymous and easy way for you and me to transfer money. I have great belief that Ripple will succeed in this partnership.
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