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  1. 45 points
    It has been a long time since I wanted to write this post, but there are just so many ideas in my head I always felt overwhelmed with doing it. So bear with me it is going to be a tad technical and a rather long post. To those who have studied international trade or logistics it will be piece of cake. TL;DR: Skip to the back-office section way down this post. When I discovered Ripple business plan, it did not take me long to think about the amazing opportunities it offers with the Forex market. We know Ripple wants to tackle the Forex market and is already penetrating it. The daily FX, despite its recent slowdown, is estimated to have a 5 Trillion daily volume (Source: BIS). When we think about the FX market, what do we picture ? A bunch of dudes in suits ? Red and green numbers ? Yeah me too But who really uses the FX market ? Banks The greatest volume of currency is traded in the interbank market. This is where banks of all sizes trade currency with each other and through electronic networks. Central banks Central banks, which represent their nation's government, are extremely important players in the forex market. A central bank is responsible for fixing the price of its native currency on forex. This is the exchange rate regime by which its currency will trade in the open market. Exchange rate regimes are divided into floating, fixed and pegged types. Investment Managers and Hedge Funds Portfolio managers, pooled funds and hedge funds make up the second-biggest collection of players in the forex market next to banks and central banks. Investment managers trade currencies for large accounts such as pension funds, foundations, and endowments. Individual Investors The volume of forex trades made by retail investors is extremely low compared to financial institutions and companies. However, it is growing rapidly in popularity. But there is one actor I would like to give a particular attention in this post: Corporations Firms that are involved in importing and exporting conduct FX transactions to pay for goods or services. Much freight transport is done by ships. An individual nation's fleet and the people that crew it are referred to as its merchant navy or merchant marine. Merchant shipping is the lifeblood of the world economy, carrying 90% of international trade with over 100,000 commercial ships worldwide. On rivers and canals, barges are often used to carry bulk cargo. Shipping formulas Depending on the stuffing and unloading operations, the container will be: FCL start - FCL finish: From sender A to recipient A; FCL-LCL : sender A then unbundling on arrival to different recipients; LCL-FCL: grouping initially to a recipient; LCL-LCL: initial grouping and unbundling on arrival. FCL: Full Container Load LCL: Less Than a Container Load Many firms send large amounts of products at once, or send multi-million-worth products by ship. The associated risk is huge and therefore that is why the Incoterms exist. To further enhance the feasibility of such trades, firms which send expensive or massive products from one part of the world to another can decide to use a Letter of Credit (LC). A letter of credit, also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods. Letters of credit are used extensively in the financing of international trade, where the reliability of contracting parties cannot be readily and easily determined. Its economic effect is to introduce a bank as an underwriter, where it assumes the credit risk of the buyer paying the seller for goods. Here is a very simplified diagram of the LC process: Now we are getting to the interesting stuff. What does it mean for us? The reason why I created this topic is: Forex exchange risk Companies trade forex to hedge the risk associated with foreign currency translations. Foreign exchange risk (FX risk) is a financial risk that exists when a financial transaction is denominated in a currency other than that of the base currency of the company. The exchange risk arises when there is a risk of appreciation of the base currency in relation to the denominated currency or depreciation of the denominated currency in relation to the base currency. The risk is that there may be an adverse movement in the exchange rate of the denomination currency in relation to the base currency before the date when the transaction is completed. Let's take an example: You are a French wine exporter (yes French, it's me who decide here ) and you concluded a contract with a US customer on March 1st of 2019. The deal is processed for an amount of $ 50,000 with a payment term of 3 months. As of March 1st, the exchange rate between the dollar and the euro is $ 1 = 1.5 € On June 1st, the exchange rate has changed; it is now $ 1 = 1.0 € The claim of the French exporter thus goes from 75.000 € to 50.000 €: the miss to gain is thus of 25.000 € So how to protect yourself from the FX risk? Many opportunities are available to protect you against foreign exchange risk. You can indeed: Bill in your national currency and therefore transfer the risk to the other contracting party. This solution is the simplest for a company. However, firms should be particularly aware of the impact this choice may have on the competitiveness of their products / services: a competitor who agrees to invoice in the buyer's currency may be more attractive to the foreign buyer. Insure against this risk to a greater or lesser degree depending on the arbitration you have to exercise between security (minimum or no risk of exchange that you agree to take) and the profitability of the operation (impacted by the cost the coverage you will have to pay). Take advantage of the various hedging instruments offered by the banks: Advance in export currency: this technique allows you to eliminate the foreign exchange risk (for a transaction actually paid at maturity) while financing the payment period granted to your buyer. The sale of forward currencies: you can establish in advance with your bank the price at which you will sell the currencies you receive in settlement. Currency risk is fully hedged provided that the timing coincides with the settlement. The forward exchange with profit-sharing: allows you to partially benefit at the end of a possible favorable evolution of the currency used, while guaranteeing you a minimum price. oThe exchange option: a hedging method that gives you the greatest flexibility to benefit from the favorable evolution of the currency rate. The last part is the most interesting for us as it is the solution the most widely adopted and it involves a lot of FX transactions. The forward exchange (futures) The forward exchange is an exchange of 2 currencies on a date (the value date) and a traded price (futures). This type of contract makes it possible to fix in advance a price between 2 currencies, and thus to hedge against the FX risk. The characteristics of a forward exchange transaction are defined in relation to a spot price (the price used for the spot exchange) for the day's transactions. The difference between spot and forward is called "term points". When the futures price is higher than the cash price, it is called "report". When the futures price is lower than the cash price, it is called "offset". But how is the futures price determined? Calculation of the forward rate (you can skip this to the Back-Office part if you want) Futures prices are not quoted as such in the market. For each currency, however, we know the rates of loans / borrowings on different maturities. These are the rates that will be used to calculate futures prices. From the point of view of the trader who quotes the transaction, the forward exchange amounts to combining 3 transactions: A "spot" exchange in the same sense as the futures transaction A loan of the currency purchased over the same term as the futures transaction (the loan repayment flow, a cash flow, coincides with the forward purchase) A loan of the currency sold (the repayment flow coinciding with the forward sale). The following graph illustrates the reasoning in the case of a forward purchase of the currency D1 against D2. Beware the dotted flows are fictitious and are only there to support the reasoning, only the flows at Value Date are real. Let's suppose the trader who is quoting the transaction is working on the following prices: Spot price D1 / D2: S12 / S21 (which means that the trader buys at S12 and sells at S21) D1 rate: t1e / t1p (which means that the trader lends the currency D1, over the period considered, to t1p, and borrows from t1e) D2 rate: t2e / t2p And that he must quote a forward purchase of an amount M1 of currency D1. In order for the repayment of the notional loan of the currency D1 to correspond to this amount, he would have to lend today the amount M'1 such that: M 1 = M'1 + M'1 * t1p * N / 36000 = M'1 (1 + t1p * N / 36000) Where N is the loan term, in number of days. Similarly, the amount M2 paid in the future corresponds to an amount borrowed today M'2 such as: M2 = M'2 + M'2 * t2e * N / 36000 = M'2 (1 + t2e * N / 36000) and the term course sought is such that: T12 = M1 / M2 = (M'1 (1 + t1p * N / 36000)) / (M'2 (1 + t2e * N / 36000)) We know that the spot price S12 is such that: S12 = M'1 / M'2 So !! T12 = S12 (1 + t2e * N / 36000) / (1 + t1p * N / 36000) Or S12 is the price of the spot purchase t2e is the rate of borrowing the currency price t1p is the loan rate of the negotiated currency And conversely for a forward sale: T21 = S21 (1 + t2p * N / 36000) / (1 + t1e * N / 36000) Or S21 is the spot sale price t2p is the loan rate of the currency price t1e is the borrowing rate of the negotiated currency It's a bit complicated but once you enter the formula in an Excel sheet you do not think about it anymore! This means that the futures price, contrary to what one might think, is not an anticipation of what the spot price will be in the future. However, it is based on an evaluation of the value of currencies, via market rates. And finally we get to the juicy stuff. What is happening in back office ? The Back - Office system has the function of materializing the trades negotiated by the trader: Vis-à-vis counterparties: Emissions confirmation: currency exchange transactions are confirmed by SWIFT MT300 messages. Issuing payments: generation of a payment order (MT202) for the correspondent in the paid currency, a notice of entry of funds (MT210) for the correspondent in the currency received. If the counterparty is internal (customer, deal between 2 desks), the payments are made via accounting (debit / credit account). The chart below illustrates the flow of information between 2 banks and their correspondents in the event that Bank A sells Currency 1 against Currency 2 to Bank B: It is literally a maze of flows of information and payments. Why did I create this topic ? To enlighten all the flows of information and payments banks have to deal with when the FX is involved, and most particularly in the event a B2B relation (International trades). Ripple's solutions (messaging + xRapid) hopefully will help circumvent the issues we know. I am sure I forgot a lot of stuff, I didn't talk about all I had in mind on purpose, it was a lot to write in a single post, so please be kind. Thank you
  2. 35 points
    A few days ago, I opened a topic regarding the vast positive effects in regards to the FX market and International Logistics. One of the key elements I highlighted was the Letters of Credits issued by banks to help exporters / importers conduct their operations; because of how highly tied the Letter of Credits are with the Correspondent Banking system. As being one of the core of my studies, I always was passionate about International Trade and its organizations (IMF, WTO...). Hence I wanted to give the people another look of the DLT potentials. You can find more details on this here: Today, after researching within the World Trade Organization website, I stumbled on a hefty and interesting document: https://www.wto.org/english/res_e/booksp_e/blockchainrev18_e.pdf If you go to page 21 - 22, (pictures below), you will find the traditional trade finance process, which is extremely cumbersome. Also, you will have an overall distribution of the players within the International Trade as well as the contracts and documents these players use to perform exports / imports. Among those documents there is the Letter of Credit, to which I gave a particular attention a few days ago. The document is a gold mine of information that resonate with Ripple technology and how their employees are marketing their solutions. Here is a couple of quotes: Blockchain can revolutionize international trade towards paperless trade: Blockchain could facilitate national G2G (Government to Government) and certain B2G (Business to Government) border procedures: There are many mentions to Ripple throughout the document, but nothing unknown in that perspective. The bottom line is, the developments provided by DLT far surpass what we commonly think and, in that regard, Ripple' solutions, given its compliance with banks, are a perfect fit to upgrade the International Trade and Logistics as a whole. As I see it, I am definitely convinced DLT, and Ripple, will dramatically enhance International Trade as we know it and alleviate its highly fragmented system. And below you will find 2 other documents, published by the Boston Consulting Group that works closely with the WTO. These documents also emphasize on how International Trade and Logistics need blockchain. Resolving the Blockchain Paradox in Transportation and Logistics https://www.bcg.com/en-be/publications/2019/resolving-blockchain-paradox-transportation-logistics.aspx Pairing Blockchain with IoT to Cut Supply Chain Costs https://www.bcg.com/en-be/publications/2018/pairing-blockchain-with-iot-to-cut-supply-chain-costs.aspx
  3. 33 points
    Just a heads up Our Minister of the Economy and Finance is working very closely with Christine Largarde (IMF) and is VERY BULLISH on digital assets He wants regulation ASAP France is on-board and full stream ahead AND IT IS COMING AT AN INTERNATIONAL LEVEL The Paris Blockchain Week is underway. And I have a very interesting conference by our Minister of the Economy and Finance, Bruno Le Maire, just below. Also, I provided a thorough interview, all the way down, that you can google translate. https://www.blockchainweekparis.com/ "We have all the assets to make France a country at the forefront of the #Blockchain. Discover the Blockchain strategy of France in my interview @MagazineCapital." VIDEO LINK https://www.economie.gouv.fr/paris-blockchain-conference-2019 Start at 3:15:20 Dan Morgan is also in a panel discussion, starting at 00:19:20 Or on Youtube, but you will have to read the transcript below Transcript Word for word Bonus https://www.reuters.com/article/us-france-cryptocurrencies/france-to-ask-eu-partners-to-adopt-its-cryptocurrency-regulation-idUSKCN1RR1Y0 https://www.capital.fr/economie-politique/bruno-le-maire-le-developpement-de-lecosysteme-blockchain-est-une-priorite-pour-le-gouvernement-1335182 Capital is a monthly French economics and business magazine published in Paris. It is a thorough interview, the one he mentioned in his tweet above. You can google translate it, it is very detailed and optimistic. I want to thank you for reading it through. It took me 3h overall to do this post and make it as easy to read as possible. IT IS SO EXCITING!!!
  4. 29 points
    So, I said on multiple occasions that the price surge (that happened in a very timely manner, during precise hours, following a pattern each day) was due to a test. Many people said I was wrong, that it was only speculation over the upcoming xRapid release. I tried times and times again to find the press release again, but I had deleted my history. I only remembered a few words "five continuous hours"; "R3"; "US equity markets". After rewatching the IMF Spring Meeting, streamed yesterday, I noticed Christine Lagarde talked about DLT being able to support the daily trading volume of the US equity market. I remembered the phrasing used in October, and that it could be correlated to the September pump to 0.8$. Here is the time where Christine Lagarde mentionned the test: I then searched on Google for The Depository Trust & Clearing Corporation + US Equity Markets, in October 2018 and I found it again. Here is the press release, I saw in October, describing the test. http://www.dtcc.com/news/2018/october/16/dtcc-unveils-groundbreaking-study-on-dlt
  5. 27 points
    zerocool

    Spotted in my neighborhood...

    I suppose nothing really surprises me anymore, however, I was caught off guard (and surprised) a couple weeks ago by this restaurant a few blocks away from me: I've lived in what's now considered an "up and coming" part of Brooklyn, and had to ask someone at this restaurant about their crypto payments. One of their owners told me they've been accepting XRP for almost 2 years. Kind of shocking for the neighborhood, trust me. And then today, I saw this guy walking in front me wearing this hat: I thought to myself, "This has to be a fluke" (something else "XRP"), so I walked a bit faster in front of him to casually look at the front of his hat, and sure enough it had the new XRP logo. As an aside, I've noticed a huge influx of "low fee money transfer" bus ads within the last 6+ months too... The general public here seems to be aware and are embracing the future of payments, specifically XRP.
  6. 25 points
    Hodor

    Teamwork Will Raise XRP Up

    Blog URL: https://xrpcommunity.blog/teamwork-will-raise-xrp-up/ Teamwork is crucial for helping us raise XRP's profile to new heights! I describe why & cover all the latest news in today's blog: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: China's National Development and Reform Commission (NDRC) lists crypto mining as an activity it recommends be phased out; and Warren Davidson reintroduces the Token Taxonomy Act. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: A huge donation is made to San Francisco State University; xRapid wins an award; Bitstamp is awarded a New York State BitLicense while Bittrex is declined; and the community continues to track xRapid volumes. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: A new web monetization-enabled video conferencing service is highlighted by Coil. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Wietse Wind adds a new feature to the XRP Tip Bot; XRPL Labs asks for volunteer beta testers; and David Oliver's proposal to Skype garners just over 2,000 votes thus far. 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
  7. 23 points
    Great first post! Welcome to the forum! Stunning that you needed to edit and revise that complicated thought. Ironic actually.
  8. 21 points
    Ripple XRP Expansion Will Be Hard To Stop Now That World Bank, IMF, EU Commission Are Involved We know Ripple/XRP are gaining traction when they get articles like this in news feeds called InvestinBlockchain.com https://www.investinblockchain.com/ripple-xrp-expansion-will-be-hard-stop-world-bank-imf-eu-commission/ I agree with the basic tenet of the article that Ripple XRP momentum is reaching critical mass and given the lack of rivals is unstoppable
  9. 21 points
    Thomas Tan Kok Kiong (CIMB Bank) and Siam Commercial Bank at Ripple Regionals: APAC 2019 we have come across CIMB before Paul (Thanaarmates) Arriyavat of Siam Commercial Bank at Ripple Regionals: APAC 2019
  10. 15 points
    Blog URL: https://xrpcommunity.blog/xrp-tip-bot-crypto-wrapped-in-fun/ The XRP Tip Bot is making crypto accessible to a wide audience on social media! Learn more about the fascinating story behind the XRP Tip Bot in today's blog. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  11. 15 points
  12. 14 points
    he probably meant Instant bull
  13. 14 points
    nothing to see. Just FUD stirred up by BTC maximalists because they know XRP is a real threat to their #1 spot soon. Here is why FUD doesn't matter 1. 3 production contracts PER WEEK 2. new corridors for Xrapid/XRP that are being announced very soon. Not sure why people gobble up this FUD so much. Nothing in crypto is growing at this clip, you have to be crazy to continue to look at price/FUD and not see what is coming in the near future.
  14. 14 points
    https://www.investinblockchain.com/ripple-gain-exposure-europe-minister-luxembourg-cooperation/ “Luxembourg’s Minister of Finance, Pierre Gramegna, has hinted that Luxembourg will soon receive Ripple’s exposure.” Luxembourg represents the financial power in Europe. The announcement of future collaboration with Ripple is very relevant.
  15. 14 points
    lucky

    Teamwork Will Raise XRP Up

  16. 13 points
    You're like a cockroach that won't go away!!!! Seems like the only time you rear your little head is to reply to one of your lackey's poorly veiled and unsubstantiated posts. I'm going follow in the steps of CZ, let's delist @MemberBerry and @pvap from XRPChat!!!!
  17. 13 points
    I'm good friends with JoelKatz. He told me that he lost faith in XRP, so he moved some of his bag to Coinbase so that he can buy BTC. Then he plans to transfer that BTC to Binance and buy some BCHSV before they delist it. He is a huge supporter of Satoshi's vision.
  18. 13 points
    Hate to be an Ursula Upper, but David has spoken at length about how he earns XRP through MAKING MARKETS. Coinbase Pro is a brand new XRP market. He is making it. That wallet (if it's even his wallet) is sending XRP to major exchanges to help MAKE MARKETS. Look at the deposits from 2016, 2017, and 2018. Bitstamp, Poloniex, Bittrex, Binance. He's not selling, he's making markets. If anything, I'd say this is incredible news because it means Ripple (or a Ripple employee) are contributing to liquidity at a major new exchange.
  19. 13 points
    xrphilosophy

    XRP Health Check

    This is an interesting thread. I doubt there is anyone not feeling the same way. Whether we have hope for the future of XRP, or no hope at all, I am fairly certain everyone here is not enjoying the doldrums of a somehwat limp market, and in particular the feeling that XRP is not moving like it should, even if not mooning yet. It is befuddling at certain times. It has always felt suspicious to me, but I have accepted it only because I know it's a highly speculative play. Big risk, possible big reward, and not for the impatient apparently, and never what one thinks it's going to be. My thoughts right now hinge on the fact that the last bull run was one year and four months ago. It may require a while longer than that before a big whipped up frenzy can catch the attention of the retail public again. I'm less worried about XRP the digital asset, and how it is going to be used and by whom, than I am my own underestimation of when the next bull run or bull market will begin to appear again. From many in the Trading and Speculation Club, and also from various podcasts I've listened to , and pieces which I've read it seems a common thread is that it will take more time to set up this market "professionally "and market/advertise this space to a wider audience who doesn't know much about it. Why do other coins move and XRP doesn't? I asked that throughout all 2017 with no answer ever. Then we had that run. Made utterly no sense to me. It may be different next time, it may be the same way. Unfortunately no can really really say. That's why it's hard. There are few really good answers. Yes, befuddled, but not giving up. I do feel like I picked the right one -over time. Just don't know what that timeframe is...
  20. 13 points
    He seems to be saying there will be a gradual build up that will take 2-3 years. He also says you cannot predict ATH, but somehow he thinks he can predict where we are now. Actually predicting timing is always luck although the patterns look obvious with hindsight. He may be right. We may be in an equivalent to 2015. It is a good probability amongst a range of probabilities. TA is a cold game of using old patterns to make prediction about the future. Life is a series of events that makes the coolest predictive analysis unreliable. I think events are building in the system, especially in the XRP system. My bets are that today's situation is not analogous with 2015/16 and that there are new catalysts that will set the markets on fire earlier than this guy predicts. But we are all second guessing the future.
  21. 12 points
    VoteForTomorrow

    XRPayments

    Wietsewind has just announced the approval of XRPayments by Google and Apple. I guess XRP really will be a currency in it's own right soon.
  22. 12 points
    JannaOneTrick

    Luxembourg - XRP Classification

    After doing a bit of research I found some interesting things related to the meeting between Chris Larsen and, the Minister of Finance in Luxembourg, Pierre Gramegna. https://www.thecryptoupdates.com/luxembpurgs-finance-minister-signals-acceptance-of-xrp/ https://www.lpea.lu/ https://www.linkedin.com/company/lpea https://www.lpea.lu/2019/04/01/11440/ https://www.lpea.lu/wp-content/uploads/2019/04/lpea-tokens-consolidated-01-04-2019-online-version.pdf
  23. 12 points
    Hi there, yesterday I closed my "play stash"-positions on eToro and sold at 0.357 - Reward: ~200 Bucks. Only a few minutes later ETH collapsed followed by BTC, XRP and others later on... Why did I sell: I had confidence in the TA of botje11 who expected that "correction" - once again he was right. On telegram he warned a few hours before and he presented three possible scenarios plus the conditions that made the respective scenario likely. I was warned. And then ... as I sat on my couch another twitter message: Its most likely event will occur within the next few hours, condition by condition were met ... the correction must be made within the next few hours ... I sold... My advertisement for botje11 For those who are interested in TA, who do not want to be surprised anymore, who want to understand the mechanisms in this stupid market, I really recommend to follow botje11 on tradingview. He tries to be quite objective, shows scenarios and which are likely to be fulfilled. The nice thing about it: He also calls the conditions, what must happen, so that a, b or c could/should occurs. Nor is it a pity to reject his approaches when things change and reevaluate. Also nice: His training charts in which he explains patterns, forms and connections, for me: so understandable that I as a layman can even understand that. Look at his contributions, I think they are worth reading, you learn a lot and above all: they also help that you are no longer surprised by market movements (you expect them). https://www.tradingview.com/u/botje11/ Important and urgent messages are more spread via telegram: https://t.me/botje11 Why do I advertise him? I think he deserves millions of likes at TV because he is one of the best and most objective analysts for our crypto market. That is why I promote him Best regards xSodax
  24. 11 points
    quetzalcoatl

    How much XRP to hold longterm?

    I'm here if you ever need someone who has been through it. Feel free to message me anytime brother.
  25. 11 points
    Well, whoever was involved, Id like to send the following message DO IT AGAIN and this time don't stop! Thanks
  26. 10 points
    This was a pretty detailed post by Genesis about their lending practices and they provide a bit of detail about how the price of XRP affects demand for borrowing. Also, surprise! XRP is their second most in-demand asset for borrowing, outpacing ETH even. https://genesiscap.co/q4-insights/
  27. 10 points
    A reminder that personal attacks and character assassination are not allowed on this forum. One member has already been banned because of posts in this thread. Let’s keep things positive and constructive. If you are unhappy with the price and looking to vent, go beat up a piñata.. or something. Better yet, think about ways YOU can add value to your own investment in the XRP ecosystem (instead of being a passenger).
  28. 10 points
    DeCurret aims to become “a major financial servicer for digital currency” that sets standard for secured and convenient digital currency transaction. As a registered service provider, DeCurret will launch spot trading services from Tuesday, April 16, 2019 in Japan. It will start trading with BTC, BCH, LTC and XRP. Shareholders: Internet Initiative Japan Inc., ITOCHU Corporation, QTnet, Inc., K-Opticom Corporation, Sompo Holdings, Inc., The Dai-ichi Life Insurance Company, Limited, Daiwa Securities Group Inc., Tokio Marine & Nichido Fire Insurance Co., Ltd., Nippon Life Insurance Company, Nomura Holdings, Inc., East Japan Railway Company, BIC CAMERA INC., Mitsui Sumitomo Insurance Company, Limited, Sumitomo Mitsui Banking Corporation, Mitsui Fudosan Co., Ltd., MUFG Bank, Ltd., YAMATO HOLDINGS CO., LTD., ITOCHU Techno-Solutions Corporationand DENTSU INC. https://www.iij.ad.jp/en/news/pressrelease/2019/pdf/DeCurret_E.pdf Capital 25 jan 2018: JPY5.23 billion (including capital reserve) (about 46.85 million usd) https://www.iij.ad.jp/en/news/pressrelease/2018/0125.html https://www.decurret.com/
  29. 10 points
    The price spiked to 76-80 cents on september 21 2018. The daily volume reached 4 Billion from 5-600 million the days before. https://coinmarketcap.com/currencies/ripple/historical-data/?start=20180919&end=20180924 Suzie from Esoteric trading solutions made a video on this subject back in december. Speculative, but interesting. https://www.youtube.com/watch?v=N-dx5qy9AXc The DTCC part begins at around 8:40 minutes.
  30. 9 points
    Two announcements to the dev blog today: rippled 1.2.4 has been released. Yes, it's another hotfix. This one should hopefully fix the validator list expiry problem noted in this thread once and for all. The MultiSignReserve amendment is now enabled, so you can go and update your signer lists to save a few sweet, sweet XRP. Depending on how many signers you have on your multi-signing list, this cuts the reserve requirement down by 10 to 45 XRP! (Used to be 15-50 XRP; now it's always 5 XRP.)
  31. 9 points
    Starts @ 16:00 https://www.economie.gouv.fr/paris-blockchain-conference-2019
  32. 9 points
    I love reading both Fomo and FUD, then try to dig some deeper to see if it can be proven and then create my own conclusions on something. So I appreciate the OP that he shares this 'news'. Can't get any confirmation to if this is really DS his account, and if those are sold or indeed used to make market on CB. Let's hope DS can debunk it on Twitter. Even if he doesn't, this is still not the news on which I will sell my part. Do appreciate if some others sell though! However, I do think some people are way to emotional on their XRP. 'Feeling attacked' if someone comes with bad news, genuine or fake, is a choice. Let's try to find the truth behind it. And if it's really stupid and you can't handle it? Just ignore it then. Do like the .gif battle btw!
  33. 9 points
    I'm up in the air... on the one hand, there's no direct proof. But on the other hand there's this: R3 integrated with ILP for their Corda Settler, ILP is purpose-built for the XRP use case, DTCC is testing Corda Settler as a future-proof settlement tool, DTCC has a former CEO on Ripple's advisory board, the only digital currency capable of these speeds and throughput is XRP, and DTCC's blockchain tests coincided exactly with XRP decoupling from all other crypto, which otherwise only happened during the 2017 EOY bullrun. But that's not the point of this post. The point of this post is this: If the rise was truly a result of DTCC testing, then the test was a proof-of-concept that Corda and ILP can handle peak transaction volume, NOT peak liquidity. That means transaction speed, not transaction size. They would have been buying and selling XRP in the smallest possible amounts to reduce financial risk, not average trade sizes that would dry up existing liquidity. So that $0.25 to $0.50 would have been on the back of a minimum-viable-product. Imagine the maximum-viable-product.
  34. 9 points
    https://ambcrypto.com/xrp-xrapid-payments-facilitated-exchange-bitstamp-granted-bitlicense-by-new-york-dfs/ Momentum just keeps building!
  35. 8 points
    CG123

    Chat: General

    Forgive me for ploughing in, but does anything on either of these pictures mean anything to you, Bob?
  36. 8 points
    If you like XRP's prospects and have confidence in its future and the company associated with it, buy some. If you think it's a scam, sell whatever you've got before it goes completely to hell. If you're indifferent, ignore it and see what eventually happens, good or bad. All of this hand-wringing makes some of you look like you simply don't have the mindset and emotional fortitude to invest . . . in anything.
  37. 8 points
    Lovely topic. Last time I enjoyed threads so much was.. hm, November 2017 I think..
  38. 8 points
    To all who believe XRP is a sinking ship: put your money where your mouth is and get short with XRPUSD futures on Kraken. https://www.kraken.com/features/futures Other than that: please don’t share all your little fears and doubts on this forum. Get over it, be a man ( or woman) and don’t bother us adults who deal with the uncertainties inherent to life as we know it with heads high and spirits unbroken. Lol.
  39. 8 points
    It would appear so. Where does that leave XRP I guess is the next question? I like this by our own Bob Way also
  40. 8 points
    Again : joined may 2018 Why is italways the late buyers defending their 'investment' ? And plese sir stop personal attacks
  41. 8 points
    Honestly, with threads like this on XRPChat who needs professional FUDsters? The speculation on this thread is disgusting.
  42. 8 points
    https://www.thecryptoupdates.com/luxembpurgs-finance-minister-signals-acceptance-of-xrp/ https://www.lpea.lu/ https://www.linkedin.com/company/lpea https://www.lpea.lu/2019/04/01/11440/ https://www.lpea.lu/wp-content/uploads/2019/04/lpea-tokens-consolidated-01-04-2019-online-version.pdf
  43. 8 points
    Thank you! Well market makers is not limited by individual investors or retail. Most FX trading firms are market makers as well as many banks. What I wanted to emphasize was that banks and central banks represent the majority of the FX volume. My own perspective is that Ripple wants to help the system rather than entirely revamp it from zero. Although I am quite open minded and I believe Ripple can either fit into the flows, meaning we would keep the inter banking network, or dis-intermediate the system as you said. This is why I made the assumption the correspondent banks could potentially hold XRP. Thanks for acknowledging, this is exactly what I wanted to highlight to maybe people who are not familiar with it. I am very much enthusiastic about how Ripple can tremendously help the current system in regards of international trades.
  44. 7 points
    pvap

    Ripple's employees dumping their stash?

    Hello all, As everyone is already aware, SEC published a so called "Framework for Analysis of Digital Assets" document a few days ago. I've read it diagonally and there were red flags for XRP everywhere. You may have a different interpretation though. Because of this, some speculation came to light in the zerpbox, which I'm now bringing to the masses. This is JoelKatz wallet address: https://bithomp.com/explorer/r3gRpQRDdu7pzPhM9nDmXMgskbJ6vwTDbB Looks like he's been dumping his funds in coinbase recently. If we look closer into his past, you'll notice this tweet of his promoting Ripple: https://mobile.twitter.com/JoelKatz/status/944292967811919872 Remember the "two household names"? Right around this time he dumped millions of XRP into bitstamp. Take a look into the bithomp transaction history above to confirm this. We had a member of the community confronting him in twitter just today: https://mobile.twitter.com/DariStar2/status/1117634885332688897 I'm not keeping my hopes up that he'll reply though... It was mentioned by another user that Nick Bougalis (working for Ripple, and good friends with Joelkatz) was doing the exact same thing, but no wallet address was posted (maybe someone else in this forum knows it). And last, but not least, Joelkatz himself once stated that most Ripple employees had their bags either in cold storage or in Gatehub. Well then, check this recent transaction history from one of the whales: https://bithomp.com/explorer/rHBJhToGaESqiV9K1wydyoSPZNn7K2CcM3 What conclusions can we make from this information? Feel free to add anything I may have missed. Regards, pvap
  45. 7 points
    I don't have a big enough willy to get into "willy waving" I don't have enough xrp either.
  46. 7 points
  47. 7 points
    Not only this, but you have to realize that their XRP holdings are effectively international liquidity ammo, or fuel for network liquidity. Not sure many folks realize, that when the networks begin to fight the inevitable "network vs network liquidity competition" just how dominant RippleNet & XRPL will be, and this dominance will be backed up by all that XRP liquidity ammo. Ripple usually refers to this as "market maker incentives". If your going to face a battle, it makes literally zero sense to drop all your ammo, or give it to people who are not aligned with your network's victory. --- For the have vs have not feelings... just remember that there is an infinite amount of money in the world (money is just information) ...yet you only have a limited amount of time in your life. Allocate your limited time well... shy away from trading limited resources (time) for unlimited resources (money). If you dont want to be a have not, learn "how to make money", and forget "how to earn money". Your work will always be worth more than someone else is willing to pay you, otherwise they would not profit from your labor.
  48. 7 points
    I don't remember saying Luxembourg, only. Or that regulation was only getting pushed solely in Luxembourg. Here is another very recent example, yet again from my beloved country. Bruno Le Maire is our Minister of the Economy and Finance. https://www.gouvernement.fr/ministre/bruno-le-maire You know Reuters. https://www.reuters.com/article/us-france-cryptocurrencies/france-to-ask-eu-partners-to-adopt-its-cryptocurrency-regulation-idUSKCN1RR1Y0 Capital is a monthly French economics and business magazine published in Paris. https://www.capital.fr/economie-politique/bruno-le-maire-le-developpement-de-lecosysteme-blockchain-est-une-priorite-pour-le-gouvernement-1335182 https://fr.wikipedia.org/wiki/Capital_(magazine) Paris Blockchain Week April 13th-19th, 2019 https://www.blockchainweekparis.com/ I did a transcript of the video
  49. 7 points
    LetHerRip

    XRP Health Check

    XRP pretty much dead, any tiny movement is when its being dragged along by BTC.
  50. 7 points
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