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Showing content with the highest reputation since 09/08/2015 in all areas

  1. 111 points
    A tweet recently caught my attention about the Bill and Melinda gates foundation possibly being live on the XRP Ledger in this tweet there were some interesting transactions in a currency I hadn't seen before called UPU - the wallet is - rMHSvqV83BhFDhkQtXELxNYyyhq776dhzG - so using a wallet explorer application I noticed other transactions and obligations connected to this wallet using similar codes such as UPA, UPC, UPY etc. After some digging, I determined that UPU in this case stands for "Universal Postal Union", which I had never heard of, on their site www.upu.int I found language that describes them as "As an intergovernmental organization and a United Nations specialized agency, the UPU is the principal forum for cooperation between governments, designated operators, and other sector-wide stakeholders." The mention of the United Nations caught my eye because recently Ripple released a marketing video where the U.N. headquarters building in New York city is featured in one of the scenes, and just happens to capture the Korean flag, Mexican flag, and Japanese flag next to each other (all key markets for XRP), but still I wondered what would a postal organization have to do with Ripple and XRP? Well it seems the answer is right there on UPUs website. Here are some direct quotes from the UPU site. "According to a UPU study, postal operators provide some 1.5 billion people worldwide with access to basic financial services (payments, money transfers, and savings)." "The postal network, through its worldwide coverage and the combination of electronic, financial and physical dimensions, ensures that all citizens of the world have access to efficient, reliable, secure and affordable electronic payment services. The postal network comprises more than 663,000 physical contact points offering remittances and is traditionally a more affordable formal financial services channel compared to banks, money transfer operators and others." "It is the UPU's mission to help build a worldwide electronic postal payment network. It does this in the form of an international treaty, known as the Postal Payment Services Agreement and its Regulations, and through its Postal Technology Centre's International Financial System (IFS) software." This suite of software tools allows postal operators to offer electronic postal payment services, providing state-of-the-art guarantees to secure payments between operators and protecting the interests of consumers, senders and beneficiaries alike. These are complemented with the UPU trademark “PostTranfer”, the automated clearing and settlement system (PPS*Clearing) and a set of additional tools for business and quality support." "The UPU provides Posts with the necessary technical and financial assistance toward activities and programmes that are coordinated on the regional level. Joint projects are also being managed in partnership with various international organizations, among others the Bill and Melinda Gates Foundation, International Fund for Agricultural Development, International Organization for Migration, World Bank, World Savings and Retail Banking Institute and Visa. The projects' scope covers a variety of assistance, including equipment and technical support, connectivity, security, fraud prevention, Anti-money laundering, Combating the financing of terrorism TF, business development and marketing, cash and risk management, internal control, skills management, customer care and operational matters, taking into account the specific needs of Posts. As a result, more and more Posts are able to transform into sustainable, modern and competitive enterprises in the new ecosystem." So after reading this I was very surprised by several points, first that the UPU is actively working towards building a global payments system through the 663,000 physical postal points of contact, but also that this seems to be in collaboration with the Bill and Melinda gates foundation, Visa and The World Bank. That is truly amazing, my thoughts here go back to the announcement made last year during Ripple's Swell conference about MojaLoop and the collaboration between the Bill and Melinda Gates's foundation and Ripple. There wasn't a lot of information given about the project, but it was clear that the high level objective was to bring financial services to the unbanked and it seems that maybe the UPU and the existing postal system are key to the delivery side of this solution. Next, I found a link for "UPU Clearing" I'll just provide a quote direct form the site here also. "UPU*Clearing is the UPU's efficient, low-cost solution for settling international accounts between Posts. Members simply consolidate their invoices using the system's centralized online platform and pay their debts with one easy payment per month in euros (EUR) and/or United States dollars (USD). The interface also allows them to comment on, change, accept or refuse electronic bills via a discussion platform. Some 47 countries already use the system to handle bills related to terminal dues, Quality of Service Fund (QSF) payments, the UPU's Postal Technology Centre (PTC), and more, allowing them to reap benefits such as:" A couple of things caught my eye here, it seems that UPU members are requited to settle up at least once a month in either USD or EUR, that's very interesting, but I also notice that it states the UPU clearing / payments system currently has 47 memeber countries, UPU has a couple hundred members but only 47 are currently part of UPU clearing. This number caught my eye because I do remember Brad Garlinghouse and other Ripple executives using this as the number of Central Banks that Ripple is working with, later they started using the language "40 - 50 Central Banks", but I am certain 47 was the number they used for a while. Also, in regards to UPU clearing, the site provides a brochure that describes the service, so I open that up and there is a graphic that states in 2017 there were "78M EUR + 154M USD = 175M SDR" cleared through the system - this I find extremely interesting because I don't know a currency that uses the symbol SDR, but the IMF has "Special Drawing Rights" which are commonly refereed to as SDR, I won't get into what IMF and SDR are, but I'll provide some links at the end. Lastly, the site also includes a TradeMark License agreement that seems to be intended to be used by member countries wishing to use the internationally registered trademark "UPU" and it goes into some detail as to how you should display the TradeMark for a variety of uses, including mobile applications. What does all this mean? At a minimum I think it means that there is real progress on the Micro-Payments / Unbanked use case, along with what seems to be a real partnership with a "United Nations Specialized Agency", but if you wanted to take the theory a little further, you could wonder why the settlement currencies are USD / EUR? And why the number of member countries seems to align very well with the number of Central Banks Ripple is working with and of course the many connections between IMF / World Bank and the Central Banks. So I don't think its a huge stretch to imagine we could see Central Banks hold XRP in the near future or even become market makers for XRP. I realize that opinion is likely to stir up some controversy, but I believe there are enough facts that make it not fall under the "TFH" category. Also, sort of interesting, there have been multiple mentions of Malta now being the biggest XRP market, including in Ripple's Q2 market report, Malta is an interesting case as they have permanent observer status in the U.N. https://twitter.com/1980SteveH36/status/1024969090698502144?s=20 http://www.upu.int/en/activities/postal-financial-services/about-postal-financial-services.html http://www.upu.int/en/activities/upuclearing/about-upuclearing.html http://www.upu.int/uploads/tx_sbdownloader/brochureUpuClearingEn.pdf http://www.upu.int/en/activities/postal-financial-services/postransfer-group/about-postransfer-group.html https://en.wikipedia.org/wiki/Universal_Postal_Union https://en.wikipedia.org/wiki/International_Monetary_Fund https://en.wikipedia.org/wiki/Special_drawing_rights
  2. 97 points
    ***this is speculation*** In the wake of AliPay's announcement of launching a cross-border remittance service powered by blockchain technology, a closer inspection of the partnerships reveals several layers of Ripple associates. The cross-border remittance services into the Philippines will be offered by in a collaboration between GCash, AliPay, and Standard Chartered. With further details on Standard Chartered's involvement, https://www.pymnts.com/news/cross-border-commerce/2018/alipay-gcash-blockchain-cross-border-remittance-philippines/ Standard Chartered is currently a RippleNet adopter, primarily using it for cross-border payments between India and Singapore. The bank has also broadcasted it's plans on extending it's utilization of RippleNet to five other countries/pairs this year. https://www.finextra.com/newsarticle/32048/standard-chartered-to-extend-use-of-ripplenet-to-more-countries Standard Chartered acting as the settlement bank by offering it's infrastructure to both AliPay and GCash for remittance services, falls into Winters statement of expanding it's capabilities to other currency pairs with the Philippine Piso (PHP), the Hong Kong Dollar (HKD), and the Chinese Yaun/renminbi (CNY) being the suspects. GCash in itself also has an abundance of service and associate overlaps with Ripple. Currently GCash and it's services such as GCASH REMIT into the Philippines is consisted of SoftBank Payments and Globe Telecom. https://www.gcash.jp/?lg=e SBI Holdings' business relationship with SoftBank has been under speculation since SBI's involvement with Ripple but Globe Telecom can reveal other intentions of GCash. GCash is not the only notable subsidiary of Globe Telecom, Mynt is another subsidiary of Globe Telecom's financial technology arm that includes Ayala Corp and Ant Financial(AliPay/Alibaba). https://www.mynt.xyz/about-us/ The significance of Mynt pertains to an announcement this past March. Globe Telecom with Ayala Corp and Ant Financial thru Mynt, partnered with MoneyGram to provide remittance services into the Philippines to smartphone users for their GCash mobile wallets. http://news.abs-cbn.com/business/tech-biz/03/08/18/globe-fintech-arm-moneygram-launch-smartphone-based-remittance-service MoneyGram is well known in the Ripple community for it's involvement in trialing xRapid for a pilot which utilizes the XRP Ledger (XRP) for cross-border payments. http://ir.moneygram.com/news-releases/news-release-details/ripple-and-moneygram-partner-modernize-payments As of now, we publicly know that Mynt (Globe Telecom, Ayala Corp, and Ant Financial) partnered with MoneyGram to improve remittance services into the Philippines for GCash mobile wallet users. MoneyGram states that it's intention on piloting XRP this past January was because the digital asset offered negligible transaction fees and because the average transaction time involving XRP is 2-3 seconds. Interesting enough, this new remittance service provided by both Alibaba and GCash involves HKD and PHP. And the transaction time publicly shared took only 3 seconds... After Alibaba's failure to acquire MoneyGram this past January (same time as MoneyGram's announcement of it's xRapid pilot), Alibaba was adamant that they would still collaborate with MoneyGram to develop remittance and digital payments to several countries including the Philippines........ https://www.reuters.com/article/us-moneygram-intl-m-a-ant-financial/u-s-blocks-moneygram-sale-to-chinas-ant-financial-on-national-security-concerns-idUSKBN1ER1R7 Very interesting times indeed! Time will only tell EDIT: (more speculation in regards to GCash & Western Union) GXI description, https://businessmirror.com.ph/western-union-expands-digital-distribution-through-gcash-mobile-wallets/
  3. 84 points

    XRP - The Standard (Big read)

    Here's my new 4500-word article on everything from the USD, SDR, sovereign debt restructuring, economic collapses, China, Russia, SWIFT, SAP, and XRP. Attempting to bring some clarity and a deeper understanding of some of the topics which have been getting misconstrued and some of the false narratives which have been running wild. Hope its worth the read. XRP - The Standard
  4. 74 points

    Ripple - South Korea

    Previous Work: https://www.xrpchat.com/topic/7598-ripplegates-foundationindia/?tab=comments#comment-99889 https://www.xrpchat.com/topic/9189-ripple-india/ https://www.xrpchat.com/topic/9760-ripple-singapore-bahrain-the-uae/?tab=comments#comment-97143 ***THIS IS ALL SPECULATION*** The Korean Government Similar to other Asian Pacific countries, South Korea is being proactive on adopting financial technology. As a society, Korea is trending towards being cashless with credit and bank cards becoming the primary means of conducting trade. http://www.koreatimes.co.kr/www/news/biz/2016/03/488_199146.html Koreans themselves have begun to accept the notion of carrying less cash. https://www.electronicproducts.com/Mobile/Devices/South_Korea_plans_to_become_a_cashless_society_by_2020.aspx And the Central Bank of Korea has also set a deadline in which they want to demonetize trade transactions by 2020. http://www.livebitcoinnews.com/south-koreas-cashless-push-will-see-coins-removed-circulation-2020/ Ultimately the removal of coins will cause a disruption on retail prices for goods and services within the country. The Central Bank of South Korea is facilitating these changes by instructing consumers to deposit loose change onto the national T-Money cards. The T-Money card can be used for all forms of transportation including taxi rides, and in several thousand convenience stores in the country, as a payment option. And in an added effort, "loose change" in trade transactions will be able to automatically be deposited into the individual's bank account. https://www.electronicproducts.com/Mobile/Devices/South_Korea_plans_to_become_a_cashless_society_by_2020.aspx http://www.livebitcoinnews.com/south-koreas-cashless-push-will-see-coins-removed-circulation-2020/ http://www.koreatimes.co.kr/www/news/biz/2016/03/488_199146.html To take even further, the South Korea’s Financial Services Commission (KFSC) publicly announced it's objective to have a national digital currency using blockchain technology by 2020. https://bravenewcoin.com/news/south-korea-plans-national-digital-currency-using-a-blockchain/ Within the announcement, a consortium dealing blockchain technology was said to be forming by FI's to jointly research and run pilots projects. https://bravenewcoin.com/news/south-korea-plans-national-digital-currency-using-a-blockchain/ https://www.cryptocoinsnews.com/south-korea-announces-digital-currency-system-expansion-boost-fintech/ http://www.businesskorea.co.kr/english/news/money/16703-blackchain-movement-blockchain-consortium-launched-south-korea While at the same time, the Bank of Korea released a report on FinTech Companies shaping the financial industry stating that, https://www.cryptocoinsnews.com/bank-korea-fintech-companies-will-reshape-financial-industry/ Shortly after, the Korean consortium publicly announced it's formation stating that 21 financial investment companies and five blockchain technology firms had signed a memorandum-of-understanding (MoU) to develop distributed ledger solutions in blockchain solutions. With a given road-map of the consortium's motives, https://www.cryptocoinsnews.com/south-korea-sees-first-blockchain-consortium/ Ultimately the action being taken within South Korea was mirroring the movements being undergone by their neighbors across the sea in Japan. With Ripple partners coming into play...... Initially details on the consortium weren't disclosed but shortly after the announcement of it's formation, a partnership involving the KFSC was reached. The Monetary Authority of Singapore (MAS) agreed on cooperation over exploring joint innovation projects with a focus on big data and mobile payments in FinTech. http://www.mas.gov.sg/News-and-Publications/Media-Releases/2016/Singapore-and-South-Korea-sign-cooperation-agreement-in-FinTech.aspx https://www.cryptocoinsnews.com/singapore-south-korea-come-together-fintech/ On top of a collaboration with MAS, the government of South Korea was in talks with Indonesian government about joining forces in an attempt to boost the FinTech industry to help the burgeoning sector in both countries. https://www.cryptocoinsnews.com/south-korea-indonesia-considering-fintech-collaboration/ For those that are unaware, Ripple has previously met with the Central Bank of Indonesia. Months later, the Korean Central Bank announced plans to execute a R3 consortium proof-of-concept blockchain technology project. https://www.cryptocoinsnews.com/korean-central-bank-deploy-r3s-blockchain-proof-concept/ http://ftreporter.com/korean-central-bank-to-use-r3-blockchain-proof-of-concept/ https://www.econotimes.com/Exclusive-Bank-of-Korea-R3-consortium-to-carry-out-blockchain-project-549053 So to reiterate, the Korean government came into agreement with MAS on cooperating in the FinTech space and shortly after the Korean Central Bank decided to proceed with a PoC consortium by R3 similar to Project Ubin in Singapore...... Along with the previous development, Hana Financial Group became the first Korean financial institution to take part in the R3 CEV project. http://pulsenews.co.kr/view.php?sc=30800020&year=2016&no=281535 Remember that MAS wants to expand it's network to other central bank for cross-border transactions using a Ripple blockchain prototype......... SBI Ripple Asia Just this past September, SBI Ripple Asia announced that it would be testing a blockchain based funds transfer system by the end of this year between Japanese and South Korean banks. SBI Ripple and it's new public partner, DAYLI Intelligence, will work together to http://blocktribune.com/sbi-ripple-asia-trial-cross-border-blockchain-funds-transfers/ https://www.coindesk.com/sbi-ripple-asia-to-test-bank-transfers-between-japan-and-south-korea/ And besides cooperating in this venture with SBI Ripple Asia, DAYLI Intelligence is involved in another interesting project. http://pulsenews.co.kr/view.php?year=2017&no=551655 All three parties are in cooperation developing the "WeBee" coin with the intention of the digital coin operating on a blockchain. (what will be used for trade remittances?......) http://pulsenews.co.kr/view.php?year=2017&no=551655 https://financefeeds.com/south-korean-woori-bank-develop-digital-coins/ Finally, SBI Ripple Asia is involved with another Korean company called Coinplug. https://www.coindesk.com/sbi-reveals-joint-blockchain-remittance-venture-south-korean-startup/ With the venture expected to launch its remittance service later this year...... And just like DAYLI Intelligence, Coinplug has involved itself in another interesting project. Coinplug with KB Kookmin are going to provide cross-border foreign exchange services that utilize blockchain technology. http://themerkle.com/south-koreas-bank-developing-blockchain-exchange/ https://www.coindesk.com/korean-bank-developing-blockchain-solution-foreign-exchange/ And KB Kookim are also releasing a blockchain based mobile payment service for KB Kookim Card..... http://pulsenews.co.kr/view.php?no=741187&year=2016 Kakao Unlike most attempts to tie links with Ripple by addressing potential connections to Alibaba (which I think is a thing), my focus is solely on KakaoPay/KakaoTalk. KakaoTalk is a mobile messenger while KakaoPay is a mobile payment system built on top of KakaoTalk. The development of KakaoPay was thru Kakao and LG CNS https://www.lgcns.com/Views/Solution/KakaoPay_En Kakao had also partnered with the KFTC in the past for integrating a mobile payment platform to the Korean financial system. https://techcrunch.com/2014/11/12/korean-internet-giant-daum-kakao-launches-its-own-mobile-payment-platform/ Remember that. LG CNS themselves have been adopting blockchain technology to improve their services, most notably with R3. https://www.coindesk.com/electronics-giant-lg-testing-r3s-distributed-ledger-software/ https://www.cryptocoinsnews.com/lg-launches-corda-based-blockchain-platform-south-korea/ And there is another connection. http://www.techforkorea.com/2017/03/14/kakaopay-launches-new-service-transfer-to-bank/ What will be used to settle remittances between a Hana Money and KakaoMoney exchange?......... The same Hana Financial that had entered R3's CEV project mentioned earlier. And with the the government of Korea driving blockchain adoption on the Korean banks, there has been some interesting developments. With, http://mengnews.joins.com/view.aspx?aId=3037416 http://www.theasianbanker.com/press-releases/korean-banks-turn-to-blockchain-to-streamline-service The winner was supposedly chosen last month, with the system built being ready for use by banks in April..... (all while SBI Ripple Asia/R3 in Korea are becoming increasingly active) To come into to full circle, LG CNS has ~32% ownership with Seoul Metropolitan City Government (~35%) on Korea Smart Card Co. What is special about Korea Smart Card Co.? The T-Money system was implemented and is operated by Korea Smart Card..... https://en.wikipedia.org/wiki/T-money The same T-Money mentioned earlier in the post that will be used to transmit loose change from trade transactions to the individual's bank account. In a financial environment that will be riddled with many different types of digital currencies, what method will be used to settle remittances?..... I mention Seoul Metroplitan City Government because of one partner ship it is in. https://www.crowdfundinsider.com/2017/09/121430-singapore-korea-fintech-collaboration-marvelstone-group-seoul-metropolitan-sign-mou/ A group that has the support of none other than MAS.... http://www.mas.gov.sg/News-and-Publications/Speeches-and-Monetary-Policy-Statements/Speeches/2016/Speech-at-the-Launch-of-Lattice80.aspx So why do I persist on these R3 connections? It's simple. SBI Group became the largest shareholder of R3 over the summer while we know SBI's intentions with XRP. In an interview with Kitao, he stated that https://ripple.com/insights/sbi-holdings-views-on-blockchain-and-xrp-an-interview-with-yoshitaka-kitao/ So how does the R3 and Ripple relationship work? Last month Data Dimension had a presentation a slide that is rather revealing on the partnership. https://www.brighttalk.com/webcast/15381/262389?utm_campaign=knowledge-feed&utm_source=brighttalk-portal&utm_medium=web Both work in unison with Corda being applied for smart contracts while Ripple is meant for the payments segment which might explain why R3 wanted that XRP so bad............ Edit: UPDATE: 12-5-2018 https://www.coindesk.com/r3s-new-corda-app-supports-payments-in-xrp-cryptocurrency
  5. 73 points

    Is Miguel Vias in XRPChat?

    No small people, no big people. Just a bunch of people crazy enough to throw caution to the wind and try to do something that's never been done before. Fwiw, this community is incredibly important to Ripple's success and is a real motivator to many of the folks at Ripple. Thank you for all the support!
  6. 69 points

    Concerns about Coil data collection

    Hey all - thanks for the feedback, especially for breaking down the doc and highlighting the problematic sections. I just read through the thread and will be looking into this. The ToS were prepared by our external counsel and I wasn't part of that process, so I'll find out why those terms were included and if we can take them out. There may be some justification that I'm just not aware of. We have zero interest in selling user data or running ads - those are crappy, backwards ways of making money and the whole point of Coil is that those monetization workarounds are no longer necessary. We are paid directly by our users, so we don't need any other revenue stream. Expect a more full-fledged reply once I've had a chance to meet with the lawyers.
  7. 69 points

    XRP’s Trajectory for 2018

    XRP is the best buy in crypto right now: What does the shape of the future hold for XRP and Ripple? I discuss the price appreciation of XRP, along with each of the six major drivers of XRP value that I expect will take center stage in 2018. What are these six major drivers? You'll have to read to find out - let me know if you agree, or if you felt I forgot something that might be a dark horse for moving XRP price towards our $10 mark. Hope you enjoy & please leave any comments below. Please feel free to share my blog with a friend or on any other platform - and thank you for doing so! Blog announcements on other media: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  8. 60 points
    Almost everywhere I look there is an unprecedented amount of negative articles about Ripple and XRP. Sites such as Global Coin Report and Coin Desk publish predominantly negative articles which distort and mislead on the function and strategies of Ripple and its products. The attacks on XRP are downright comical for those who have a deeper understanding of the asset. Everywhere from Twitter, Facebook, and even this very forum, there are those who take every opportunity to hammer Ripple and XRP. What everyone needs to understand is that there is a fundamental difference between constructive criticism and outright falsification. The majority of these negative attacks are outright falsifications. I read an article on Global Coin Report just earlier which was so full of misleading and distorting information that it was laughable. The obvious ones suggest that the Dec/Jan run-up for XRP had to do with the CoinBase rumors. This is a distortion as the run-up happened because the whole market had a run-up alongside Bitcoin. A direct falsification was that XRP was all mined at the beginning. XRP was never mined. Ever. The writer is either lazy or completely lacks a working knowledge of XRP and its validation system. We see again the FUD that banks and institutions will never use XRP because they don't need to, plus XRP is volatile and banks wouldn't take on the risk. Again, this is absurd. The banks will ultimately transition into XRP implementation in order to repurpose the trillions in liquidity which is required to manage a payments system without a bridge asset like XRP. The few seconds of exposure to any XRP volatility will be minimal and will be equally balanced as there will be both an upside and a downside in the seconds it takes to complete the transaction. Banks can hold XRP if they want, but more likely will depend on liquidity providers to access XRP. These articles do a lot of damage to newcomers and those who don't understand the fundamentals. Many articles are packaged as positive, but when you read them you can see that there is the right amount of negative injection to create doubt in the minds of those who can be easily persuaded through of lack of knowledge. If you are new to crypto, Ripple, and XRP, don't be afraid and don't worry about the up and down movement of the market. The fundamentals of the Ripple strategy are solid, as are the fundamentals around XRP and the Interledger Protocol. Add in Cobalt, Codius, Coil (new micropayments industry), Xpring, xRapid, xCurrent, xVia, and forthcoming xPool (liquidity providers), alongside Ripples world-class senior management team, and there is no better blockchain payments company or crypto asset positioned to build the future. If you have a difficult time or don't have the time, to learn all there is to know about Ripple and XRP, fear not, you are in the best of hands here on this forum. After researching and writing for my own site for the last 5 years, I know well-informed analysts and commentators when I read them. Between @Hodor @galgitron @Chewiecoin @BANKXRP and so many others, this forum has the most intelligent and well-informed individuals in the crypto and Ripple/XRP communities. Don't fall for the ill-informed and misleading articles and comments which spread FUD. A large percentage of the crypto world and the existing official monetary and banking framework is threatened by Ripple and XRP. This is a powerful incentive to mislead and distort. If you are here and reading this, then you are already a part of a monetary and financial revolution which will restructure the world for the next century or two. These are the last hours before the pendulum swings in reverse. Once past the fulcrum point, things will progressive faster. Be patient. Be informed. Be positive. Be resistant to FUD.
  9. 60 points


    Escrowww!!!! https://xrpcharts.ripple.com/#/transactions/686FCA8F58041156482DABA782E053979626EB4126F3BFE3B9E401FBC143586A https://xrpcharts.ripple.com/#/transactions/F579BD3BF579A35D0F3C57653B3D1E617F29480F0261CF22481A59DB3855C372 https://xrpcharts.ripple.com/#/transactions/8250F008DDEFD54C539051DADC9DD890EF1E3DC7D64101697B4E5CF9EC5BF39E https://xrpcharts.ripple.com/#/transactions/2C8BC62AD15B585B44E75BC136A3511218ABD1B50D7B106817F4B751B722CAF1 https://xrpcharts.ripple.com/#/transactions/FA3907D4B84EB14415D412522CA8A637958259812B997F5E9E4AA51513F5D467 https://xrpcharts.ripple.com/#/transactions/63D847EE7D5691B45E6E1A4AD4E5DA715C78066A9D18DA56C53D1D6E23E8DCCD https://xrpcharts.ripple.com/#/transactions/7BDD6A96BF69F01F77CCD9B83ABED4607353EF12AEA86FD55F361D51E56FB37F https://xrpcharts.ripple.com/#/transactions/79D2751073BD932E962BD56EF7C7F02B21549322C25A8BEE5CD7BE2D161575C5 Give some praise to @Kakoyla ! I wouldn't have been able to get tipped off if it wasn't for him!
  10. 57 points

    Cessation of the Hodor Blog

    Final message! XRP Chat is where it all begin, so it's fitting that for this avatar, it's where it ends as well. It's been a journey with countless twists and turns, and try as I might, all the details have melded into a chorus of voices of the XRP Community, who, at their core, are all pushing for the same thing: Change. Sometimes I wonder how members of other coin tribes feel about the project they're supporting. Does it inspire them? Do they believe in it past their surface financial goal of 'getting rich' off of it? Because, for XRP, it's more than just a 'good stock pick;' XRP represents the technology that delivers on Bitcoin's promise, without the environmental destruction. Without the limitations of scalability ... and so much more that I have to resist reneging on my decision for one more, long, convoluted rant! You get the picture! We're here for the investment (XRP), but we're also here because we believe in the Internet of Value, and pushing this technology forward. It can change the world for the better, and not just as part of a slick corporate advertising campaign; when people can send money to their family in seconds instead of days, it can significantly improve lives for millions of people. And just look how the XRP is changing the face of crypto communities, with its teamwork, awards shows, clubs, social media presence, and charitable fund-raising. These are all extraneous to the IoV and XRP, but they also work to give us a legitimate feeling of community. And with the developments in the last month, my right-brain, intuitive side, which normally performs a lesser role in my day-to-day activities than my methodical, step-driven left-brain side, took the reigns and decided to make a key decision; how do I want to contribute going forward? I could continue to struggle to cover all of the increasing onslaught of news items, or I could turn and survey the growing ranks of our collaborative team of supporters and let somebody else 'take a turn' at the front. I could take up a keyboard and mouse once more, but this time to create new websites and applications. Ah well, I'm getting repetitive of the content in the blog. My apologies for being temporarily self-indulgent, but I know my companions on the forum will not judge me harshly about my last post. At least I hope not. Hope to be back soon, with some announcements of a new project of my own!
  11. 54 points

    Ripple Coin A big rumor in Korea!

    Hi, I'm korean The ripple coin responded today. why? This is a rumor and it is not true yet. Kakao is a big company in Korea. kakao has created a new bank. That 'kakao Bank' The kakao bank has the advantage that it is very cheap to send money abroad. It is rumored that the kakao bank uses ripple technology. It may be rumor but it is a big rumor now in Korea. This may be true. 1. In kakao Bank's overseas remittance, the commission is 8,000 krw for Japan, Thailand and the Philippines. Do you know what's suspicious? Japan, Thailand and the Philippines ! Currently Japan and Thailand are using the first ripple transfer. 2. kakao Bank uses City group's WorldLink network City group is currently a member of R3 and R3 is collaborating with Ripple. https://ripple.com/insights/ripple-and-r3-team-up-with-12-banks-to-trial-xrp-for-cross-border-payments/ If this turns out to be true, you can expect a big rise. Now Koreans are looking forward to it.
  12. 53 points


    Hey guys , I just wanted to highlight that ripple labs filed 2 new trademarks last month( 2018-06-20) ( tbh. its jsut 1 in different design) .-https://trademarks.justia.com/880/01/runs-on-88001494.html Its called RUNS on Ripple and since it isnt posted on ripple.com or here i thought to share it with you. It is still to be examined so there are no news about that. My guess since the describtion as you can see is cryptic is, that apps that runs over the ripplenet will be marked as such( for example One Pay FX').So it will be no more guessing if an app or programm uses the ripplenet or not ( like we all did for Alibaba)
  13. 51 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!
  14. 50 points

    An outside perspective

    So, I finally did it. After much debate I decided to talk to my father about XRP. I’m not going to cover everything from our three hour phone call, but I do want to share a few things I found interesting from his perspective, someone completely unaware of the crypto world. Most of the viewpoints we hear about XRP are from people that love it or hate it, so I think his opinion was interesting since he was neutral. My dad is an old retiree with a few decades of investing under his belt but not extremely technical or computer literate. He knew very little about crypto except the name Bitcoin. After a long winded explanation of what blockchain is and how it works I moved onto XRP fundamentals. I then talked about the company ripple and their all star team. He was impressed by this. He was also shocked to learn most other cryptos don’t have a company behind them like XRP and said it seems like a disadvantage for them. He was concerned about Ripple owning so much XRP but felt better after hearing about escrow. He also felt more confident that they won’t take our money and run since they could have done that during the ATH and made billions, but they didn’t. He was bewildered by the fact that the creator of Bitcoin has never been proven without doubt. He said he’d never invest in something without knowing who created it. He just kept saying that seems “fishy.” Then we spoke about SWIFT and the trillion dollar problem XRP is going to solve. Like most Americans, he had never heard of swift and was amazed they have dominated the market for so long using outdated methods and technology. We spoke about banks using xCurrent and someday hopefully upgrading to xRapid. He believed this was a brilliant “foot in the door” strategy by Ripple. And finally, after talking for hours about XRP and the many different use cases it has for banks, money transfer companies, payments, micro transactions, and as a bridge/reserve currency, etc., my dad said something I don’t think I’ve ever heard before. He said he didn’t think 100 billion XRP would be enough to do all of this especially with so many locked in escrow. “XRP’s price would have to increase greatly to move that much money,” he said. I think we can all agree with that. ps: He wants to buy some zerps now.
  15. 50 points

    XRP: Journey To Number One

    It's time. We are going to take over #1 in 2018.Don't believe me? You think it's hyperbole? Read my blog post and decide for yourself if my logic makes sense. I chart the path that I think is actually most likely for 2018, and it may lead to some surprises in crypto by year-end. Hope you enjoy the read! Please leave all comments below. Feel free to share my blog on any other media & thank you for doing so! NOTE: You can re-print on FB or other media as long as you give me credit (Hodor) somewhere at the beginning or end. Blog announcements on other media: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  16. 50 points
    For banks to use some improved technology to facilitate their international payments, they need two big things. First, there's everything but the movement of money. That's governance, rulebooks, integration, compliance, and so on. Ripple is building this with things like Ripple Connect and the GPSG. When Ripple signs a bank, that bank buys Ripple Connect, a software product that integrates with their existing systems and permits the money to move various different ways. Often, when they first implement Ripple Connect, the money moves the same way it always has. You might wonder why banks would bother if the money moves the same way. The answer is that there are still huge benefits from using Ripple Connect instead of something like Swift, even if the money ultimately moves the same way. In particular, the transfer completes much more quickly, the fees are known in advance, and the success of the payment can be reported to the customer almost immediately. But to get the maximum benefit, you really want the money to move quickly as well. Imagine if someone receives a very large international payment and then immediately wants to send the received money over a domestic rail. If the receiving bank is sitting with a token that's only valuable on some particular international banking network that isn't the domestic rail. what can they do? They have to somehow sell that token to get whatever they need to make the domestic payment. In other words, to make a real instantaneous payment that settles, the received value has to already be at, or very close to, the receiving bank. This means someone has to have a pool of liquidity at or near that receiving bank. Traditionally, corporations that have to pay out around the globe maintain such pools themselves at their own expense. They keep, say, a pool of money in Thailand so they can pay out in Thailand. And if that pool runs low, they replenish it, taking a few days to do so. That means their pool of liquidity in Thailand must be deep enough to cover several days of anticipated payments in Thailand. RIpple's strategy is to incentivize the creation of such pools of liquidity to and from XRP in strategic payment corridors. One way we might do this is to pay those who place the best offers to exchange XRP for domestic liquidity in strategic areas. This will allow payments to not only be made fast but to settle fast because the recipient will receive legal title to funds that have already been pre-placed in their destination payment network. This is precisely what ILP makes possible. Ultimately, the improvement in efficiency (over just using Ripple Connect and traditional settlement systems) comes from having one big pool of liquidity rather than everyone maintaining their own. The pool will ultimately be dominated by whoever has the lowest cost of capital and the easiest way to move money into or out of that system (depending on the net flow). What we envision is that in a single, atomic ILP transaction, someone gains ownership of the funds at (or very close to) the sending bank in exchange for XRP which they send to someone who surrenders ownership of funds already at (or very close to) the receiving bank. This means instant payment and settlement without the need for the sender, the sending bank, or the receiving bank to maintain their own pool of liquidity.
  17. 49 points

    Hi! I'm Bob

    OK, in the spirit of txID or it didn't happen. I submit: 4E1D594E045A92CBFDB6BC1698D3AD50F939B51D4DA0B6F1FD3F34D3CF2D7482 I noticed some unnamed individual sent me a XRP yesterday. So I sent it back to him. If you are still suspicious, I set the destination tag to "23155" which matches my profile on this site. https://www.xrpchat.com/profile/23155-bobway/ I also set the invoice ID to: 486920585250436861742E636F6D2049276D20426F6257617920202020202020 If you are too lazy to decode that yourself it says: Hi XRPChat.com I'm BobWay
  18. 48 points
  19. 47 points
    Well unlike some, I haven’t gone anywhere and the more information I receive every day the more bullish I am. Look at the great news of the last few weeks: 1) Koinex exchange announces XRP as it’s main coin pairing; 2) SBI VC exchange getting closer to commencing and causing some very positive buzz; 3) The announcement of five companies using xVia (remember it was only released late last year): * Exchange4Free (UK) * FairFX (UK) * RationalFX (UK) * MoneyMatch (Malaysia) * UniPAY (Georgia) 4) Mercury FX confirms their trials of xRapid have been successful (but remember how many FUDers said no one will use xRapid!!); 5) xRapid is about to come out of beta. I can’t wait for this, full production use will lead to more FI’s trialling it and we know it works so I’m the end using it; 6) Standard Charter is extending it use of RippleNet through more international corridors; 7) A massive spike in Codius chatter this week with confirmation from a Ripple Board Member that Ripple sees the 1 Quadrillion (yes that’s quadrillion with “Q”) derivative market as a prime market for it; 8 )Ripples Q1 report confirms extension of xRapid pilots in Q2. Don’t forget we already know via Caullex and Mercury FX that xRapid works; 9) Ripple is on its way to 200 FI partnerships 10) My favourite bit of news which has slipped under the radar is that Ripple is working with up to 50 Central Banks. I can’t get over this; 11) I’m also impressed with the price action of the last few weeks. We are close to $1 and this time we are built on strong fundamentals not just Coinbase speculation. The whole market is strong and XRP will benefit from that; and 12) Confirmation that the number of Hedge funds coming into crypto market is at an all time high this year with XRP speculated to be the main beneficiary. And so so much more. There are of course no gurantees but I don’t know how people can think this will not succeed But there are still people in here who do not believe XRP will succeed or that they are “evil” in some way. I am not in this group. I am MORE bullish than ever.
  20. 47 points

    We are Early to the Party

    Blog URL - Location: https://xrpcommunity.blog/we-are-early-to-the-party/ XRP fans may have shown up early to the party, but they know what to do: brew coffee and catch up on some light reading! ?????? ????: MUFG Bank and Banco Bradesco implement Ripple tech for Japan-Brazil cross-border payments; Emi Yoshikawa, Ripple's Head of Global Operations & Partnerships, plans on attending TechCrunch Shenzhen on November 20; and SEB has some interesting updates on its integration with Ripple technology. ??? ????: NEXO is offering lines of credit secured by individual crypto holdings; WietseWind has an XRParrot progress update; CKJ Crypto interviews the man behind the successful fundraising campaign for St Jude using the XRP Tip Bot; and RareData has created a hardware wallet comparison matrix. I hope you enjoy the read & please leave any comments below. Feel free to share my blog with anybody you'd like, and on any platform - and thank you for doing so! Links to my blog announcements on other sites & media: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  21. 47 points
    ^ Example of someone who doesn't know what they're talking about.
  22. 47 points
    I think we're right at that critical point now where we are starting to pivot some customers to XRP for some corridors. We have enough adoption now and enough value and liquidity in XRP that that's realistic. Cuallix is, so far, the only announced partnership of this type. The main limiting factor right now is everyone having enough confidence that the system is going to work correctly that they're willing to flip the switch and let it make large, irreversible payments without intervention. This means, for example, correctly handling a large variety of failure/error cases which, though unlikely, must be properly handled in a production system. Fortunately, we went through a very similar process with xCurrent.
  23. 46 points
    I've seen a number of youtube personalities discuss the idea of the XRP escrow being preallocated for use by global central banks as collateral for the issuance of digital fiat currency and effectively creating a montary value 'reset.' I've gone on their streams and tried to indicate a number of issues that rise with the use of digital assets as collateral, but I do think excitement has taken over the space and folks are just not taking the time to see this through. Somewhere back in the past, I wrote comments about how I thought companies like OMNI were really important for the XRP ecosystem, because they were providing redeemable contracts on the XRP ledger attached to tangible assets. When you establish a contract whereby an asset becomes redeemable in XRP - for example, by making a deposit for a leased object redeemable in XRP, or issuing a loan that is payable in XRP - you are increasing the market value of XRP by the amount of the redeemable asset. This is one of the thing that make open and free exchange markets so valuable to fiat economics - there are tangible assets, services, contracts, etc. that are redeemable. Take a 5 USD silver note - that was redeemable to the bearer, at one time, for $5 worth of silver. Asset-backed currencies have value because their notes are redeemable memos that can be settled for real assets. Now consider the role that crypto lending in CDP or collateral debt positions play in transforming the landscape. When you have a mortgage on the book in your name that is secured by the home you have possession of, there are limitations to what you can do with that home. A home with liens against it is taken out of the inventory pool. It no longer contributes to the available assets that can be redeemed with fiat currency. In many ways, a cap on tangible productive assets (and people) introduces a cap to the aggregate value of the fiat currency of a country. No assets to trade = no monetary value. Money is worth nothing when there is nothing left to buy. This is a significant issue for the digital asset space, because you have the transformation of asset classes into representative units of exchange (securitize assets, tokenized assets) that produce lien-like impositions on the underlying asset, and representative debt position that use digital assets as collateral (CDPs). And you will very soon have cascading combinations of both. One day, you will have the ability to take Apple stock in your portfolio tokenized, and you will be able to draw digital asset credit lines based on the deposit of those tokens in your digital wallet. As the tokenization economy expands, more and more conventional stocks will be encumbered, translating the stock exchange mechanism from one of stock trading to one of securitized token trading. It will not be possible, one day, to own actual stock. It will only be possible to own and trade representative tokens of a given stock on various platforms. The impact this will have on the price during the shift will be volatile and then normal as volume shifts markets. Today, you can deposit your tokens with a company like Nexo, get a credit line advance and spend it. This is non-taxable - its secured credit. But this also takes those assets out of circulation - staked tokens that have liens against them are off the exchanges, so far as I can tell. I have asked a question on Quora and requested David to respond regarding hte potential of rehypothecation of assets on the ledger. For those who are unfamiliar with the practice, and how it contributed to the housing bubble and the inevitable collapse of the hyperinflated price bubble - the best way to think about it is like this: blockchain has many features that prevent the double-spend problem from occurring. Rehypothecation of collateral assets is a form of intentional double-spend - where the same underlying collateral asset is treated as if it is owned by two different parties (or more) at the same time. Max Keiser has done videos discussing how rehypothecation has been used between physical delivery and metals and paper metals contracts to manipulate the price of precious metals. So assuming that blockchain ledgers, as a feature, make rehypothecation impossible - this single feature alone makes digital currency one of the most powerful asset classes in history - if ownership cannot be subverted and the books built on it can be made that much more sound, it is an absolute game changer and you can bet that banks are doing whatever they can to allocate and build their positions in it, even if they are dormant and waiting on regulation to actually put those assets into motion. They are buying the fields but waiting for zoning clearance to build houses. What to do in the meantime? These banks are incentivized to keep prices low and sideways, particularly after a protracted bear market where investors have hyped in and are now overleveraged. Companies like Nexo (not saying they will do this) will be very clear about how safe their custody solutions are, and how large financial powerhouses like Lloyd's of London will back their deposits. People will read articles about how they can use a fusion of dollar cost average in bear phases and collateral debt reinvesting during bull phases to grow their stacks without adding more capital in changing market conditions. But consider the impact this ever-increasing CDP market will have on scarcity of inventory, and the inflated pricing effects this creates for deflationary digital assets. More and more liens against digital assets that are not available for rehypothecation and are effectively digitally segregated from corporate funds are locked away from retail markets. Sure, the debt contracts can be traded - and you know this is going to be a new source of banking revenue. But if digital assets are not subject to the same dubious supply issues as precious metals, price increases are inevitable. This is the first wave of the slow bull drive, but it is not the real issue. In times of crises, we have already seen that the transition from asset-backed currency to others results in the confiscation of real assets when times get tough. Owning gold can be made illegal illegal. You can be asked to forcible sell your ounces of gold and silver for face value prices, only to watch the values of metals skyrocket once they are in government possession. History has taught this lesson, are cryptocurrency investors paying attention? Mark my words, as more financial institutions get involved in the business of operating digital asset holding accounts backed by the FDIC we will see unusual shortages, hacks and losses that will amount to voluntary digital asset confiscation. Sorry, your assets are in another castle! ~the FDIC. If I enter into agreement with Nexo by depositing my funds that the collateral assets I yield for consideration are protected to market value by Lloyd's of London, make no mistake that in the event of a fiscal crisis or pending shift in economic situations I will not be able to withdraw my digital asset, but will instead be bought out at market price by Lloyd's - who will then own my digital asset and I have cash. I'm not picking on Nexo - I use them a little bit. I may use them more when I wish to cash out without cashing out. I think the service that they and Binance and others will offer is a valuable service. But I keep the big bags away from these services. Because there will be a voluntary confiscation event where you will have your digital asset deposits cashed out because the terms allow for it. Folks will go to their account one day and see the cash equivalent of all of their crypto assets in their account. This may be caused by a manipulated price event that allows these financial institutions to liquidate your positions to pay off outstanding debt. It may be a "massive security event" that forces insurance to buy out your positions. PR folks are creative. Terms of service that include bail-in clauses are not the only tripwire to watch out for for investors right now in finance. But to go back, there does not need to be a preallocation event for this to occur - it is already starting now. Go look at nexo's growth numbers, just as an example because they seem to be playing a leading role in the hype behind crypto loans. It would only take a few major household name banks to start offering remarkable credit lines and paying out on crypto loan investments to pull many of these assets off the market while stablecoins are floating around. The volume of encumbered assets of just a few major financial institutions would be enough to significantly increase the scarcity of inventory for most of the top ten assets - and who knows how far down the chain this value would trickle as the top ten coins grow out of reach. The idea that XRP - the escrow - of 55 billion XRP is preallocated to banks and slowly being released to prevent scarcity from spiking is an interesting one, but seems both unrealistic and unnecessary. It would drastically cut the supply of available inventory for trade and ledger functionality - and that is likely going to happen anyway as crypto loans take off and fill the economic role that housing did in the 2003-2007 era. It's not xrapid that is going to explode the price - its the lockup of digital assets in loans. Loans people are taking out now because they needed that seed capital - or someo f it - or they just don't want to sell and deal with taxable events. Etc. Etc. Eventually there will be a time when the underlying digital assets we are able to buy today will simply not be available for purchase - only their derivative products. It's going to be a totally remade financial landscape. And if digital assets do become part of a collateral plan to convert to digital currency, hold on to your butts and resist every temptation/trick to sell until you are absolutely ready to let your assets go - I definitely assume that any crypto I put up for loan collateral - even if I have no outstanding credit lines - will eventually be converted to fiat without my consent before this is all over. But those cold storage hodl bags... not your keys, not your crypto.
  24. 45 points

    XRP Update

    This blog post is Part One of a double feature for Thursday, January 11, 2018. Red across the board in crypto. The latest xRapid news. Big XRP purchases. The first escrow release. The addition of DMM to the list of XRP exchanges. My latest blog covers all this and other information you need to know. I hope you enjoy the read - please leave all comments below. Feel free to share my blog with a friend or on any other media or platform & thank you for doing so! Blog announcements on other media: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  25. 45 points

    The great XRP deception

    It sounds like you don't understand our strategy at all. Take a look at this post: https://bitcointalk.org/index.php?topic=1773924.msg18729340#msg18729340 A lot of other posts in that thread are interesting as well. It is true that Ripple could become wildly successful as a software company and fail to make XRP a viable intermediary asset. We do face a lot of challenges. But we will try very hard since our XRP now has an apparent value of something like $9 billion -- we'd really like to materialize that value.
  26. 44 points
  27. 44 points

    Says it all! - The night b4...

    As the network is still new and growing rapidly, the committee makes sure RippleNet maintains efficiency as well as its nimbleness to remain innovative. You can learn more about the RippleNet Committee here.https://ripple.com/ripplenet-committee/
  28. 44 points

    FXChoice adding XRP

    https://en.myfxchoice.com/fx-choice-news/ripple-now-available/ This is not an exchange, this is a forex trader that also does CFDs and precious metals. Adding a crypto token is quite something.
  29. 43 points

    Hi! I'm Bob

    Wow, it is pretty clear I can't keep up with this thread! I go to sleep and there are two more pages. I was already two pages behind! Anyway, I'm not sure I've had a shower in two days. I think my wife deserves that. So expect me to start responding in earnest in a little while. I have read all your posts. Thank you for all the good questions and kind words!
  30. 42 points
    I know I've said it before, but I am trying to get some Ripple swag for XRPchat!
  31. 41 points

    xRapid simulator

    Hi All, I knocked up a quick and dirty 'simulator' to simulate xRapid transactions based on actual live orderbooks from various exchanges. Full details here: https://www.quernus.co.uk/2019/02/13/ripple-xrapid-simulator/ -Matt
  32. 41 points
    This is more than confidence from Brad, he wouldn't make this statement without already knowing its gonna happen. He knows which big banks are ready and willing to go, and I bet he's had a nod from the regulators in the jurisdictions they operate that he's good to go. This is massive news that will be missed by many until it actually happens.
  33. 41 points
    The origin of dLocal stems all the way to AstroPay. AstroPay is one Latin America's largest cross-border payment providers. In 2014, AstroPay was one of the first cross-border payment providers to adopt and utilize Ripple technology. At the time AstroPay was the largest cross-border payments services provider in Latin America with more than 600,000 customers in seven countries conducting 5,000 unique transactions per day. The company went further into adoption by opening a gateway within the XRP Ledger called Ripple LatAtm, becoming the region's first licensed money service business to use Ripple for payment transactions. https://www.astropay.com/ https://www.alfacashier.com/exchange/astropay/ripple https://ripple.com/ripple_press/astropay-launches-first-latin-american-money-service-business-on-ripple-protocol/ https://ripple.com/insights/ripple-ecosystem-expands-to-7-countries-in-latin-america/ Ripple LatAm originally was offering it's services to the following countries, Brazil, Chile, Colombia, Mexico, Peru, Argentina, and Uruguay. So what is the tie in to dLocal? AstroPay, dLocal, and (at least one of the co-founders of dLocal) is the founder of Ripple LatAm (Andres Bzurovski). What is the significance of this relationship? Essentially the founders have used the XRP Ledger/xRapid in the past and the likely hood of them utilizing it again stands high considering the need of their clientele. (including Uber, goDaddy, etc.) https://www.forbes.com/sites/rogeraitken/2017/06/23/chinas-alipay-unionpay-wechat-pay-join-latam-fintechs-digital-payments-platform-revolution/#d597ca63a71a This integration between these Chinese parties and dLocal might also be explained by their ambitions to foster presence in the continent. https://asia.nikkei.com/Business/Trends/Chinese-internet-giants-head-for-Latin-America?page=1 dLocal is also In the process of expanding as well, opening a office in New Delhi and planning to enter Morocco, Egypt, Nigeria and Southeast Asia. (and just as a remainder, the NPCI is in charge of the UPI in India, the very same organization in talks with Ripple to use their technology for the ENTIRE payment system in India) http://wwd.com/business-news/technology/cross-border-fintech-firm-dlocal-opens-new-delhi-office-launches-in-india-10965958/ https://www.elobservador.com.uy/uruguaya-dlocal-trabaja-junto-al-mit-conquistar-mercados-n1165564 The connection to MIT is rather interesting as well, as the number of MIT nodes within the network has significantly increased the past months. Regardless of the cause one thing is certain, for cross-border payments that are low valued, XRP is desirable for cost efficiency.............. EDIT: It might explain why Ripple is looking for a project manager in LATAM https://www.linkedin.com/jobs/view/project-manager%2C-latam-at-ripple-566636064 (there is much more to come .....)
  34. 40 points

    The Myth of Market Cap

    Here I hope to highlight the complete fallacy of using the Market Cap for anything useful, particularly predicting future maximums, or even as a cross-crypto comparative tool. Disclaimer: As always, all of this is my opinion, so if you take issue with any of my statements, find the data to refute me, but don't expect me to 'jump' to your commands of 'prove it'. First, what is the definition of Market Cap? It's: (number of coins) TIMES (current price per coin) That's it. This simple formula, probably because of its simplicity, has lead to a rabid adoption by the general masses as some form of meaningful indicator. No serious investor acknowledges this sensationalist figure for technical analysis purposes, with perhaps the exception of its psychological effects on inexperienced traders. At this time, it's arguable that most of the money that sits in crypto is speculative, meaning investors hoping for the value to increase, as opposed to actually using the coin for transfer of value (purchases, etc.). This pool of speculative investor money is approaching maturity in that the cat is out of the bag for the most part so most potential crypto investors have already positioned themselves in the market, thus the early phenomenal historical gains of the past years, are unlikely to be reproduced by speculation money alone, simply because those gains were mostly due to the increasing awareness of crypto. Therefore, the pool of crypto value, while still growing substantically and crypto investing continues its mainstream adoption, isn't going to grow exponentially until a categorically new infusion of wealth presents itself. For the time being, this only really leaves opportunity for speculator sentiment to 'shift' wealth to the latest and greatest crypto, but the total real wealth increase has slowed. Back to Market Cap. I wish to dispel the two notions I mentioned earlier: 1) Myth: Each coin's Market Cap can be used to compare against each other The problem with the Market Cap formula is it attempts to answer a very complex question with too few variables; that question being, "what is the relative value of this coin to its maximum value?" Tricky question, because few people ask the question, "what decides the maximum value?" Time and time again, many people will erroneously use the leading coin's (Bitcoin) market cap as some sort of indicator of maximum market cap value for any other coin. How does this make any sense? Particularly if the coins are for completely different use cases. Why does Bitcoin's market cap have any relevance to Ethereum's, or Ripple's? Well, it doesn't, whatsoever; but, this is the psychological barrier put in place, presumably from instinctual impetus given that we see Bitcoin all grown up, so Bitcoin's siblings can't get much bigger right? They're not kids, so the first step to clearing the nonsense of Market Cap from your mind, is that one coin's market cap has anything to do with another coin's, for the same reason your kid went to college while the neighbor's kid smoked pot all day. 2) Myth: Market Cap can be used to predict maximum value Here's the really tricky part, and will form the remainder of this explanation. First, these are the important data points that need to be considered: - The maximum total of coins that will ever exist - The number of destroyed coins - The total coins currently in existence - The number of hoarded/locked coins - The number of utilized/circulated coins (this includes active trading) - The maximum value of market penetration (SWIFT market, retail market, lending, etc.) All play a part in the current value of a coin. Without using all these factors involved in calculating the potential maximum price for a coin, you end up with gibberish, so let's try to put some real values at work for Ripple. These figures are very very rough, just to demonstrate their relationship, not actually predict a value. maximum that will ever exist: 100 billion destroyed coins: a few million currently existing : 100 billion (minus a few million destroyed coins) hoarded coins: 55 billion in lockup, billions more remaining in Ripple, Inc. another presumably 25 billion held by investors and FI's in hodl psychosis. Say the total is 95 billion. utilized coins: (currently existing) MINUS (hoarded/locked coins). Plugging in numbers: 100 billion - destroyed coins - hoarded/locked coins EQUALS APPROX 5 billion maximum value of market penetration at any one moment: say $1 billion for our current active traders Couple things I wish to point out here. First, why would I say $1 billion market penetration when billions can trade in a single day on exchanges? Well, if I give you $20, and you give me back $20, do I have $40 bucks now? No, of course not. That's why you have to pick a point in time that asks, how much XRP is being utilized for a purpose at this exact second, similarly to how an exchange determines value, point in time. That's why I chose $1 billion (a completely subjective number of course, plug in whatever you want). Second, the last parameter "market penetration" MUST be entirely compensated for by the total value of all the "utilized coins" simply because inactive/destroyed/locked coins don't contribute to the facilitating of the market penetration, only the utilized coins can do that. In other words, none of the other values matter. Therefore, the value of XRP = (market penetration) DIVIDED BY (# of utilized coins). In real numbers: $1 billion DIVIDED BY 5 billion coins = 0.20 cents per coin. Coincidence?? (Not really, I massaged the numbers of course). What does this all mean for market cap? Who gives a damn what 100 billion total coins TIMES 20 cents equals, it's meaningless. The value of XRP only depends on the market penetration and the number of coins that can be utilized. That's it. The meaningful calculation for coin cap valuation can only be 5 billion * 20 cents = $1 billion dollars (again, plug in your own numbers), a far cry from the insane $9 billion bloated figure everyone is using. Now that we've eliminated the gross exaggeration of XRP market cap, the even trickier part becomes determining market penetration maximums. It's easy to say, well, SWIFT transfers trillions of dollars per year. So what! It's completely irrelevant what happens over a year. What is relevant is how much money is in transit at any given point in time. Let's say $500 million for fun. That means if SWIFT was replaced with XRP, then at any given moment, $500 million worth of XRP would be in use. This would add further demand on the 5 billion utilized coins, so add $500 million DIVIDED BY 5 billion utilized coins = 10 cents to XRP's value, for a total of 30 cents. Not what you were hoping for? But wait, there's more... Replacing SWIFT in my mind, is a credibility strategy by Ripple, not necessarily its golden egg. Once XRP gets this exposure, it will have its foot in the door and XRP will rapidly cascade into literally every other use case (of which there are infinite) that money itself currently faciilties, and at the same time radically accelerating each of those paradigms, and creating so many new ones we have yet to conceive because old-fashioned money couldn't support new ideas. Let's look at a few others: RETAIL: Who wouldn't want to aim their smartphone camera at an on-screen QR code at the cash register, and then be done. No more credit cards, no more remembering dozens of PINs and passwords, no more trying to re-activate your credit card from suspected fraudulent activity because the banks are knee-jerking at your irregular purchase of a smoothie. To hell with banks. Click, done. Gazillions of dollars. This is a much larger market than SWIFT in my opinion, solely based on the frequency of transactions that will require much more overall XRP to be in flight at any given moment. VISA, the writing is on the wall buddy... ADOPTION: Imagine when people, businesses, governments even, stop always converting back to fiat and just staying in XRP. This becomes the 'currency flight' turning point, and valuation will go into the hundreds to billions (DIVIDED by the number of utilized coins). Multiple dollars per coin. EDIT: a lot of people misunderstand this statement as replacing fiat altogether, that's not where I was going with it. It just means they are increasingly using it, and it just makes sense to hang onto XRP instead of quickly in-and-out LENDING: Here's where solid figures go out the door. With solid reserve lending laws already in place, and if adoption is widespread, more and more XRP will be needed, and that need magnified by the banks tendency to lend wealth they don't actually have (mortgages? CDOs anyone?). INVESTING: If you think lending is big, how about the huge margin investing that we've seen in investment firms. It get's maniacal EMERGING COMMERCE: Micropayments, robotic payments, and completely unknown revenue streams that couldn't exist without XRP, much like Uber couldn't exist without smartphones. SPECULATION: Riding on top of it all, there are people that understand the above, and will be in early, and accordingly the price will ride the speculative bubble before these ideas are set in stone, so theoretically, the price of XRP will perpetually be artificially inflated in anticipation of its eventual justification as the new markets embrace it. Suffice it to say, that the demand for XRP can easily eek into the trillions, even quadrillions, which DIVIDED by 5 billion, is many thousands of dollars per XRP. However dreamy and seemingly impossible these figures appear, that my friends is the potential market for XRP, beyond comprehension. So take your market cap and toss it in the garbage where it belongs. Will it hit any of these values? Who knows.. but what's important to recognize is that XRP doesn't answer to stupidity like: A TIMES B EQUALS Maximum, nor does it answer to Bitcoin, or SWIFT, or even the entire wealth of the world; it makes its own value. Yes, I meant 'rabid'
  35. 40 points
    ** Disclaimer 01 : This is my personal opinion only ** Disclaimer 02 : This is NOT Trading advice, if you use, at your own risk. I myself don't trade regularly, and this is part my new market learning experience ** Disclaimer 03 : To remind a general market sentiment, do NOT trade with funds you cannot afford to lose. Novice markets are always very turbulent until mass adoption and maturity. Definitely NOT for the faint hearted. ** Important Note : NO information in this post is intended to aid short term/ day and/or swing trading. All summary projections are from few months to a few years in range. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Summary ~~~~~~~ The previous post, concluded clearly that in short-term, XRP was at cross-roads waiting for further signal to decide movement, momentum and direction. This possibility was weighted at a high rate of 68% and has indeed materialized. one important note at this point is to remind all my friends here, these are not predictions & are more of prognosis based on current market conditions shown by market activity. in other words this is a apparent probability and not a crystal ball. many times they work, many times some unexpected event changes the course. with that said, I have been studying a few events and co-relating them to get a better picture. the results have been very interesting & form key content of today's report. VERY important insight from May 26/27th+ BTC Sell-off ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ PRE Sell-Off BTC Average Market share = ( 52.27% of 80.5 Billion USD ) = 42.07 Billion USD POST Sell-Off BTC Average Market share has stabilized @ ( 45.67% of 76.7 Billion USD ) = 35.02 Billion USD Conclusion 1: total money invested in BTC today is 7.09 Billion USD less. Where did this money go ? Lets see, the only dominant asset that has increased in its market share is ETH. PRE Sell-Off ETH Average Market share = ( 19.80% of 80.5 Billion USD ) = 15.93 Billion USD POST Sell-Off ETH Average Market share has stabilized @ ( 25.92% of 76.7 Billion USD ) = 19.88 Billion USD So, ETH share has increased by 3.95 Billion USD. Did all of this come from BTC money ? Nope, (13.71% of 80.5) - (11.40% of 76.7) = 11.04 - 8.74 = 2.3 Billion USD has flown from XRP to ETH. Ignoring the change money from other coins moving backward as it is not going to change the meaning of the equations, we can Conclude : out of 7.09 Billion BTC money, Only 1.65 Billion USD has flown into ETH (also others, but negligible) . INSIGHT 1 : 5.44 Billion USD worth of money from BTC is gone for good (at-least for the time being). BTC market share is shrinking, while people are misled to the illusion of its price. It is very clear some some planned group of BTC investors have liquidated and en-cashed their FIAT. All the while managing to keep the BTC price relatively stable. How is this possible? while market share reduces but the prices are kept somewhat high.. very simple and very mathematical - somewhere the supply is being temporarily reduced. Someone is taking this risk hoping enough new investors will come in time. Who can this be ? This cannot be an ordinary investor nor this is looking like a organic pattern. so this HAS to be someone with systemic holdings. hence, I personally think this is either a large holder or a large mining group. This is very important to understand, BTC is in a mirage with nice prices to show off, but is getting hollowed & emptied from within. whoever is enabling this, is hoping for lots of new investors to fill in over time, and holding back supply till then. IF enough new investors don't show up - they WILL BE FORCED increase supply sometime. Everything depends upon how LONG they can hold and play this game. perhaps they will hold supply for enough length of time for prices to stabilize ... 50% chances at best ... and the other 50% is they will fail. hope BTC investors out there, especially the new ones do not become the sacrificial lamb. I wish safety. Now lets get back to XRP ~~~~~~~~~~~~~~~~~~ By now it is aptly clear that XRP trends were changed by influences not core to XRP fundamentals or outlook. Largely comprising of BTC Selloff & Volatility, post consensus ETH outlook appreciation & general nature of crypto space. However, XRP fundamentals are literally unchanged and if anything have greatly improved with recent demos bringing XRP's payment potential to limelight. Only thing is there is a lag in realization. Seems like some potential is easy to understand but some are in a way a bit more abstract and the "masses" take time to "get it". But history is proof, awareness bursting out is purely a function with time variant. At some point every bit of this revealed potential will get full attention. In short, if you guys being core community understand it before others do, its your early-bird opportunity right there. and I am not even guessing on this. facts are all over this forum, with latest developments and documents to verify for everybody. Finally time for some technicals ~~~~~~~~~~~~~~~~~~~~~~~ since 31st of May 6 AM. - at last XRP has started to strengthen albeit slowly, but in a stable manner. The following is the key and important summary on XRP markets: Clearly the process of taking strategic positions in XRP has "resumed". Market cap has resumed its uptrend from 9.70 to 10.80, an increase by 0.384 Billion USD ( 384 Million USD ). This strengthening is almost entirely contributed by USD Fiat. The other currencies investing in XRP are Euro and JPY. The currencies that are withdrawing and reducing their share in XRP markets are CNY & BTC, while KRW has been literally constant (in a surprising manner). What does it say about XRP ? ~~~~~~~~~~~~~~~~~~~~~ For once it is really great to see, XRP being held well merely with the support of EURO and USD. This means its dependence on BTC is slowly but very surely decreasing in a linear fashion. At the current rate of decrease, in less then 14 months BTC will lose almost all of its power to influence XRP. New US and Japan money is indeed flowing into the markets and recent data has clearly confirmed it ( no need to speculate). Key Takeaway: in some ways this has taken off much fear from me personally, when i see a panic sell next time, i know XRP can hold itself very well, in-spite of some negative influences from BTC and others. further most certainly, it is not going to collapse, but merely suffer a significant price drop perhaps. It is opportunities like this that reveal relatively "more fundamental" strength in an asset. Probabilities: ~~~~~~~~~ >> There is a 65% probability that XRP will improve the current strengthening process & continue gradual uptrend to 29/30 cents range to form a 'base'. >> there is a 30 % probability that XRP will arrest its strengthening process and initiate a gradual;l downtrend to 14 cents. >> there is only 5% probability that XRP will drop below 14 cents. *** It is very hard - to maintain perspective during sentiment shifts, to stay in the central calm during the storm, to act on fundamentals during panic selloff's, and to separate signals from noise. time and again those who rely on the underlying use-cases & fundamentals always ride the storm and come out winning. I wish all of us good luck. *** Kindly, R8
  36. 39 points

    Bank of America's new patent

    Patent# US2019/0172059AI https://patents.google.com/patent/US20190172059A1/en?oq=US2019%2f0172059+AI "Real-time net settlement by distributed ledger system"
  37. 39 points

    Euro Exim Bank: 1st bank to use xRapid

    ** CONFIRMED 1st BANK TO USE XRAPID ** "Working collaboratively with #Ripple and selected counterparts, we have designed, tested and are implementing both xCurrent and xRapid in record time..." K. Punjani, Director This is the 1st bank that is officially confirmed by Ripple to use xRapid (XRP)
  38. 39 points
    Blog URL: https://xrpcommunity.blog/the-rise-of-digital-assets-in-2019/ Digital assets will rise this year. In today's blog I talk about market cycles and highlight the major XRP news stories in the cryptosphere! 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Euro Exim Bank releases a commercial; Mercury FX and Catalyst clarify their xRapid implementation; Coins.ph is acquired by a Go-Jek, a massive technology start-up; UST Global claims they can implement an end-to-end Ripple payment solution; and Ryan Zagone communicates what's needed from US regulation at Fintech Week in Washington DC. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Coil has now issued invitations for everybody on their waitlist; and Ben Sharafian publishes a blog that details a change in technological direction for Coil. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Thomas Silkjær targets crypto criminals preying on XRP fans; Verso Exchange may use Ripple tech to integrate with banks; Bitrue expands its XRP base pairings; BitPoint opens shop in Panama, listing XRP; Coinfield's CEO likes using XRP as a base currency; @LeoHadjiloizou (Twitter avatar) publishes Ripple's escrow details on his website, along with all 864 XRP markets worldwide; and Denario Research publishes his final installment in the 'XRP Telegram Bot' series of videos. 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 Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  39. 39 points

    The Only Limit Is Our Imagination

    The Internet of Value now has the tools, solutions, and the people to transform the world; the only limit is our collective imagination! In this latest blog, I talk about how progress is accelerating for the companies that use XRP & its associated micropayments capabilities, as well as ILP and Codius. Ripple just signed NCB & I provide my take on why they chose to publicly announce this new customer addition to RippleNet. Cory Johnson is interviewed at the Milken Institute Asia Summit, and CNBC quotes Sagar Sarbhai from Ripple on xRapid's production rollout. A new WordPress plugin for Coil has now been created. To top off the last few days, a new version of XRP was just released, and it includes an exciting new amendment. Hope you enjoy the read & please leave any feedback below. Also, feel free to share my blog with a friend, or on any other platform - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  40. 39 points
    More setbacks for Bitcoin are acting like an anchor on the crypto market. In today's blog entry, I talk about those factors, as well as how I see XRP diverging from Bitcoin's market leading dominance. For Ripple and XRP, it's been nonstop good news over the last four days, with the big news being the anticipated release of the MoneyTap application by the Japanese Banking Consortium (JBC). I discuss the details behind this application plus I have some surprises about possible business deals you might not know about. It includes the partial acquisition of a hardware wallet company by SBI, the addition of XRP to the BitIT marketplace, a Grayscale investment fund specifically targeting XRP, and the rumor of Ripple technology underlying a deal between Saison and Grab. Rounding out the list is an update for those in the XRP community eagerly awaiting the release of the Kyte wallet! I hope you enjoy - please leave any feedback below. Feel free to share my blog on any other platform, or with a friend or family member - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  41. 39 points

    XRP Lock Up Confirmation

    Someone could kidnap my wife and try to compel me to sabotage the lock up in some way. But without knowing the exact time, they'd have to kidnap my wife for months. Best of luck with that.
  42. 38 points
    It’s amazing how everyone’s XRP future price prediction ebbs and flows with the current market. We’ve had four months of a downward market so everyone thinks the eoy price will be low. At the end of last year it was the opposite, it was all moons and lambo’s because the price was taking off. Look at the historical price charts of the major coins. There are months, up to a year of nothing happening, and then out of nowhere lift off. This is why we invested in crypto, for the chance to make a huge gain quickly. But for that chance you have to be willing to take the volatility XRP went from $0.006 to $3.40 in 12 months in 2017 that’s a 56,000% rise. Now I hope we see that again in 2018 (I don’t honestly think so but it also wouldn’t surprise me). If we get just 10% of that same rise from here on that puts us at $47 within 12 months. My point is that by EOY we could see a price of $1, $47 or $589. The fact is no one knows. All these numbers are possible but if you truly believe in XRP as an investment, like I do, you will be leaning towards the higher numbers. You have to have that belief or why invest at all? If you don’t, maybe try your luck with another coin or other investment, something that you do believe in. Go back to the fundamentals. Review the research. Keep yourself updated with current partnership and usage announcements. Ripple and XRP are in the best position now that they have ever been. A 56,000% rise occurred during 2017 based on mostly speculation. What do you think will happen when real XRP usage occurs. Think it’s not going to happen? Look at the recent announcements from Santander and Mercury FX! We may not see these amazing gains again this year (we might) but we will see substantial gains this year IMO. What about 2019 and beyond? The future is incredibly bright. The massive gains will occur again. HODL on, be patient and enjoy the ride.
  43. 38 points

    Crystal Ball: XRP Price Speculation

    This close to Halloween, I decided to break out my crystal ball and see just what XRP price speculation has in store...I cover it all from short-term price expectations for the end of 2017, to utility-based predictions of XRP demand. What is the highest price predicted for XRP? You'll have to read it and see for yourself! Hope you enjoy the read. Also - Happy Halloween! As always, please feel welcome to share my blog with any others and on any other platform or media & thank you for doing so. My blog announcements on other media: Twitter Reddit r/Ripple Reddit r/xrp Reddit r/CryptoCurrency Reddit r/CryptoMarkets Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  44. 38 points

    Beware the Social Hacker

    Just because we've invested in secure transactions doesn't mean that other security metrics go out the window. I've noticed a couple instances today of social engineering that remind me of the need to be careful. Some recommendations: 1) Don't disclose the quantity of your investment in specifics. 2) Keep your goals general enough not to become a target "millionaire" or someone with a large (for you) portfolio that becomes a feast for a thief. 3) Watch for constant questioners whose profiles stay anonymous or empty (untraceable). 4) Check your own chats from the perspective of someone who might want to find you, your goods, your habits or your "ecosystem". Even in the world of digital assets, someone can still burglarize a physical place to retrieve your goods (cold wallets). 5) Become a "community watcher". With serious fiat / crypto becoming a factor in people's lives, we can help each other out by being skeptical of "inquiring minds".o I'm sure others here have solid recommendations. I thought it worthwhile to give a heads up on things like this now that the chat community is growing so fast. I like the chat communities I belong to. I want those who are risking their earned monies to succeed. I don't want what's earned to be taken away by the social engineers who turn our good conversations into tools for their gain and our loss.
  45. 37 points

    Market crash, you say?

    Found this gem on the internet. So true. I recommend you read this well and make up your own mind about current situation. MARKET CRASH, YOU SAY? Posted on August 8, 2018 by jasondeane in Invest So, yesterday (7th August) I saw the markets take a real beating, apparently after the SEC, as expected, delayed the decision on the latest ETF application. It seems there is a real difference between expectation and the real thing happening! It seemed an over reaction to me, but I was quite happy as I hoovered up some cheap crypto to add to my portfolio, mainly EOS and XRP. Except it wasn’t that cheap was it? Within 24 hours, another wave of sell offs forced all prices down further and huge, scary, bright red double digit losses ran across all my screens like blood running from a butchered body. One by one, my open positions (of which I currently have some 56) started to give up their green fonts and I watched as my overall profit positions retreated further and further, literally by the second. It’s a sell off alright, and a big one at that. Over $70bn has been lost on the markets – or roughly 23% just this week, on top of the $600bn lost since December’s crazy highs. The Black Monday crash on October 19th 1987 saw 22% wiped off in one day. Even the Black Tuesday event of October 24th 1929 that kick started the great depression saw only a 15% drop in share values. Just this week’s losses, therefore, are technically higher, let alone those accrued in the last six months. So surely it is time to panic sell, yes? Of course it isn’t. It only feels like it. Right now, this moment, is where your fortune is made. Or lost. It depends entirely on what you do. These are the moments that make the difference, and you don’t get them very often, so make them count. This is not rocket science, ladies and gents. Well, actually the tech behind cryptos is pretty complex, but I’ll leave that to the guys with the giant foreheads, I’m just talking about trading and investing here. The product may be different, the environment may be different, the application may be different, but trading mentality? That, dear reader, will remain the same as long as us humans are the same – and any evolutionary change is many generations off yet. Put it this way, if Warren Buffet liked cryptos (he doesn’t, although he also admits he doesn’t understand them, nor wants to), he’d be down in the pits, figuratively speaking, grabbing as much as he could. “When others are fearful” he says “be greedy. And when others are greedy, be fearful” That’s great advice, and something that’s served me well in the markets. IF, that is, you can hold yourself together whilst the blood flows through the streets. And, of course, while we’re on the subject of excellent advice written in the form of neat, nicely structured sentences, let’s not forget another old favourite: “Time in the market is more important than timing in the market” It’s a great expression, but there seems to be some confusion over who exactly it is credited to. In any case, it brings me, quite neatly, to my next point: don’t sell if you’re in the red. Under normal circumstances this is quite obvious, but on days like today, it suddenly doesn’t seem so mad does it? What if it goes to zero and you lose everything? What if cryptos are dead? What if you were wrong about EVERYTHING and it’s all a big con?!! Well, you have to make that call I guess, but for me it all comes down to the fundamentals and what your strategy is. If you’re a day trader, you’re a braver man than me and you’re on your own, but if you’re an investor and tend to hold your coins/stocks/funds (delete as appropriate) for long periods with an expectation of great returns much later on, then, frankly the day to day price is essentially irrelevant. That said, if you have funds available, you are totally bought into the fundamentals of the coins you have chosen and these prices allow you to reduce your averages, then buying more is a pretty good strategy right now. For the record, that’s what I’ve been doing. And yes, I realize that we may yet not have hit the bottom, but even the best market traders can rarely time it perfectly. It’s all about paying a price which you believe is below the price you will ultimately sell it for and accepting you’ll rarely get it exactly right. If you do, it’ll be more luck that judgement, so don’t beat yourself up with ‘if only’ because it won’t help you going forward. Personally, I tend to open lots of positions at different times to give me a lot of control on when to sell. So, for example, when I have $1000 to invest, it’s rare I would do it in one hit, I’d be much more likely to open five $200 positions so I could close them at different times. It also allows me to keep buying if the price is dropping therefore lowering the average, or pause if I’m not sure where to go next, which happens often in markets that move this much. There are only two occasions when I feel it is acceptable to sell in the red: First, when your hand is forced and you must liquidate right now. This is usually because of a tax deadline or a situation where you suddenly find you need cash and need it fast. It’s painful to do, and you almost have to physically force yourself to do it, but I’m sure we’ve all been there at some point. Second, when something changes in your belief about the coin you have chosen. It could be that you discover something is not all that it seems, or fraud has played a part, but for whatever reason the fundamentals as you see them no longer add up. If that’s the case, get out and get out now, taking a smaller loss before it becomes a big one. BUT, do not confuse your position on the fundamentals with the panic that swells up looking at the virtual blood in the streets and the ‘weak hands’ who cry the loudest “it’s all a scam”, “it’ll never work” and “it’s the whales manipulating us”. Take a breath, revisit your fundamentals and make a solid assessment. In a desperate bear market it seems impossible that anything else could be the case, but let me just remind you of this: If you were around for those crazy weeks in December 2017 and January 2018, it seemed impossible that it would ever come down, didn’t it? It actually didn’t matter what news came out, the price went up, double digits every single day without fail. It seemed it would never come down. Yet here we are. The way I remember it is like being ill – when you’re ill, you simply can’t remember what it is like to be well and when you’re well (like now, hopefully) you really can’t remember what it’s like to be ill. Just how is it possible that stomach bug took you out so completely last year – you feel great now, right? And therein lies the problem. Right now, we’re ill. We feel terrible, everything is terrible, and worrying is the only way forward. It seems impossible we’ll be well again. But, like that stomach bug, you know that one day it’ll be a distant memory. You just need to get there and be very careful about what decisions you make in the meantime. So, relax, take stock and get well soon!
  46. 37 points
    Just this week, Ripple signed another central bank as a customer in addition to China's fourth-largest payment processor. I cover all this and more in my latest blog! Hope you enjoy the read & please leave any feedback below. Feel free to share my blog with a friend or on any other media or platform - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  47. 36 points
    Brad Garlinghouse at Bloomberg 22nd July 2019 Starts at 11:35 https://www.bloomberg.com/news/videos/2019-07-23/-bloomberg-technology-full-show-07-22-2019-video
  48. 36 points

    Down the xRabbit Hole

    Hi fellow zerpers, I've spent the last few weeks writing about my research into xRapid transactions, and my search to confirm one performed by an FI. It's probably shaky at times and possibly a bit drawn out, as I lost motivation a few times for various reasons. But I think there is some decent information in there. https://xrpcommunity.blog/down-the-xrabbit-hole/ P.S I found one.
  49. 36 points
    2018: XRP Ledger’s Year of Decentralization Ripple has indicated that 2018 is the "Year of XRP Decentralization." In my latest blog, I talk about the history of decentralization, how it's measured or evaluated within crypto, and the concrete steps Ripple is taking to further this aspect of the XRP Ledger. I discuss Ripple's next steps for 2018 when it comes to decentralization, as well as what their goal is at the end of this process. For those that have been curious, or have heard FUD on other forums about XRP's decentralization levels, this is the blog for you! Hope you enjoy; please leave any feedback below! In addition, feel free to share my blog with a friend or family member, or on any other forum - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  50. 36 points
    Hey all, just wanted to throw in my two cents. I've been a financial advisor for about 7 years and live in a bustling metropolitan area. My client base ranges from the middle class investor all the way to the extremely wealthy. I've also worked in the retail banking space for over 15 years and have seen the ebbs and flows of how banks have consistently had to change their business models over the last 5 years. I have worked for large US national banks as well as smaller regional ones, so I'd say I have a pretty decent perspective on . I have been following ripple for the last 15 months and have been impressed with the progress they have made. I'd just like to share a few observations from my lens. (Note these are my opinions only and do not constitute as investment advice.) 1) Retail banks are notoriously slow. There are massive nationals banks out in the ether that are still using back end legacy systems from the 1980s. While on the surface you may see a shiny website and pristine branch, the back office systems are strewn together and it baffles me how these systems are still functioning on the day to day. Don't expect them to move quickly to adopt new technology. However..... 2) Retail banks are dealing with razor thin margins over the last 3-5 years as more and more customers demand free accounts, service and better technology. Also, there has been a 15% decline year over year over the last five years of people walking into traditional branches. This is a huge problems for retail banks because as more and more people go online to do their transactions the less opportunity bank staff has to cross sell them on other products and services that the bank offers. However, as more people go online the less overhead banks have to deal with from staff to the real estate. It's a serious catch 22 and most haven't figured out the best way to balance it. I can guarantee that most banks looking closely at blockchain to enhance their operational infrastructure. But.... 3) If there is one thing banks are more concerned about than razor thin margins, it's regulators sniffing around for issues. Banks are absolutely terrified of regulators. Let me repeat this for emphasis, banks are absolutely TERRIFIED of regulators. There has been tens of billions of dollars that have been doled out to the Department of Labor, IRS, FINRA etc over the last 5 years. Ripple has done the right thing by first working with regulators on AML and KYC so that banks can be more comfortable with using their software, such as xCurrent. However, since there really hasn't been any clear direction yet on crypto or digital assets, banks may still be wary of incorporating XRP. Until we get further specific clarification from regulators we most probably will not see widespread adoption of xRapid. Now please don't misunderstand me, I do wholehearted believe banks will get the green light from regulators on XRP, it is just a matter of time. Whether that will happen in 3 months or three years remains to be seen. 4) I have yet to meet a client over the last 12 months who has not asked me about bitcoin or ethereum. I have yet to meet a client who has asked me about ripple or XRP. What does this tell me? First, as much as we like to think that ripple has come a long way with getting its name out there, it still has a long way to go. Brad has done an excellent job over the last three months of pushing ripple into the limelight, we just need another 6-9 months of this kind of push along with another quick bill run and you will start to see the average investor looking into ripple and XRP. Second, people are fickle, they look at bitcoin and ethereum and see the hundreds and thousands of dollars it has grown to and think "wow, such growth!" When they see XRP trading in the cents range they don't bother looking into it because in their minds they equate it to a penny stock, not realizing that XRP had the most percentage growth out of all the cryptos last year. As ridiculous as this sounds, this is just psychology at play in the minds of the average US investor. As XRP continues to grow into a more whole dollar figure and people get more familiar with the name, we will see more average investors jumping in. 5) Wealthy investors do not have the patience nor the expertise to purchase XRP currently.This is a huge barrier of entry, however I suspect as ripple and XRP become more of a household name, better and more efficient exchanges will carry USD/XRP paring for easier purchase. All in all, I think ripple has taken the necessary steps to be successful in the long run. It's been incredible to see how far they have come in such a short period of time. Hope this was somewhat helpful, or maybe this just cements what most people already know. Again, none of this constitutes as investment advice, these are just my observations.
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