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  1. 33 points
    Some folks asked for a ripple employee to respond, and they did. Credit to- crashtestdummy
  2. 31 points
    Not legally binding, but a statement of this kind all but "excuses" ripple in the upcoming cases. It certainly reads as though SEC are now beginning to understand DA's/DLT/Blockchain and the implications of how networks/network effects make a token not a security: Link to the full transcript here: https://www.sec.gov/news/speech/peirce-regulation-view-inside-machine
  3. 29 points
    Yet many of these projects begin in a centralized manner that looks about the same as any other start-up. A group of people get together to build something and they need to find investors to fund their efforts so they sell securities, sometimes called tokens. The SEC applies existing securities laws to these securities offerings, which means that they must be conducted in accordance with the securities laws or under an exemption. When the tokens are not being sold as investment contracts, however, they are not securities at all. Tokens sold for use in a functioning network, rather than as investment contracts, fall outside the definition of securities. Here the full speech https://www.sec.gov/news/speech/peirce-regulation-view-inside-machine
  4. 27 points
    Blog URL: https://xrpcommunity.blog/convincing-the-muggles-mainstream-crypto-adoption/ How do we make crypto friendly to those outside the market? I answer this question and cover all the latest news impacting XRP in today's blog! 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: A new study calls for a $9 trillion dollar digital banking market cap; and an SEC Commissioner publishes her recommendations for crypto rules of the road. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: The Asian Banker publishes an interview with Navin Gupta; Eric van Miltenburg speaks on a panel discussion at Binance Blockchain Singapore in late January; and Ripple adds eleven new educational programs to their UBRI partners list. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: The number of XRP (funded) wallets breaks 1.5 million; Bitcointrade adds support for XRP; and Abra indicates that XRP holders will be able to purchase securities with their holdings in the future. 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
  5. 20 points
    Hodor

    Hodor and the Bitcoin maximalist

    Thanks for the tag, @Flying-Dutchman I see that Tone Vays is pretty clear that he things my tweet is "stupid" as he says that about ~ 20 or so times. I guess the more times he believes he says it, the more true he hopes it is. 1) Offers no defense against the data 2) Attempts to justify Bitcoin's energy usage by comparing it to a car. 3) Compares XRP to Paypal, and makes the claim that it's not a blockchain And then quickly changes the topic after saying that the tweet wasted his time. There you have it.
  6. 19 points
    It may be worth you reading the statement in full. there is a lot more context in there. e.g: "Yet many of these projects begin in a centralized manner that looks about the same as any other start-up. A group of people get together to build something and they need to find investors to fund their efforts so they sell securities, sometimes called tokens. The SEC applies existing securities laws to these securities offerings, which means that they must be conducted in accordance with the securities laws or under an exemption. When the tokens are not being sold as investment contracts, however, they are not securities at all. Tokens sold for use in a functioning network, rather than as investment contracts, fall outside the definition of securities" That to me SCREAMS of Ripple sales to FI's for the purposes of creating liquidity in a functioning network.
  7. 18 points
    https://www.zawya.com/mena/en/companies/story/UAE_Exchange_and_Unimoni_Go_Live_on_Ripples_Blockchain_Network_for_Crossborder_Remittances-ZAWYA20190210113333/
  8. 17 points
    SendFriend, the next-generation remittance service and currently, the smartest way to send money to the Philippines, today announced it has raised $1.7M in total capital to better enable Overseas Filipino Workers (OFWs) to securely transfer USD to PHP at the lowest rate available. The funding comes from MIT Media Lab, Barclays, the Mastercard Foundation, Ripple, Techstars, Mahindra Finance, 2020 Ventures, and 8 Decimal Capital. More than $45 billion in fees on remittance services, which often take 3-5 days, was spent last year by the millions of migrants in the U.S. who send home more than $650 billion in remittances. SendFriend will launch as the only option for OFWs to securely and reliably send money internationally with fees that are 65% lower than the industry average as it replaces the frictions and fees of the banking system with one seamless, ultra low cost experience to send money globally. Through a partnership with blockchain company Ripple, SendFriend leverages xRapid to create a seamless money transfer experience. XRP is used as a liquidity vehicle for cross-border payments, enabling SendFriend to circumvent the corresponding banking system and convert USD to XRP to PHP in a matter of seconds. https://www.marketwatch.com/press-release/sendfriend-next-generation-remittance-company-announces-17m-in-capital-from-8-decimal-capital-techstars-2020-ventures-barclays-mit-media-lab-2019-02-11?siteid=nbkh
  9. 17 points
    lucky

    SEC commissioner Hestor Pierce on DA's

    Chris Larsen at Money 20/20: "Frankly I think there’s a couple of very large bitcoin holders, that have been very influential in Washington, that made a huge mistake. They should have gotten the industry together, all the major platforms, and should have emphasized this how it’s going to be a serious industry, that this is going to be the 2nd internet, fundamentally to change things. But they went with the message, give Bitcoin a pass, and by the way why don’t you try to kill those other platforms. How do you make the regulation work? And you know that has backfired spectacularly in my opinion."
  10. 16 points
  11. 14 points
    At the risk of sounding tinfoily... This has nothing to do with bag holders of other coins. If it did, those coins would be mentioned in the tweets. This has to do with a multipronged Soviet-style misinformation campaign that’s been waged against Ripple and XRP for the past month-and-a-half by powerful interests. Look at the posts in this forum and in the trading club. Look at the quantity of negative and dismissive opinions popping up in the last 60 days... in a chat specifically designed for XRP followers. Pay attention to the sharply negative titles of posts that are otherwise merely “asking questions” about XRP and sealioning. Posters who then take controversial opinions to draw out argument, lengthening the topic and maintaining its position at the top of the forum for days at a time. Look at the tectonic shift in r/cryptocurrency over the past few months. XRP had finally gained traction and acceptance there over the past year. People supported it. Suddenly? Multiple highly-upvoted spurious posts critical of XRP and packed with anti-Ripple comments that lack sound factual basis. Some of this activity is organic. Rest assured, a grand majority is not. What this says to me, louder than any other voice, is that there are people who want you to sell. They don’t have a coin to peddle. They want you to sell your XRP. Because their bosses want to buy it. Period. Get jazzed, because this is the best news you’ve gotten in a very long time.
  12. 13 points
    ADingoAteMyXRP

    Has Corey Johnson left Ripple?

    There are a few possibilities: 1) The role of Chief Market Strategist is truly unneeeded now. 2) Cory succeeded in whatever goal he had and decided to exit/was pushed out. 3) Cory was unsuccessful/not the right fit and Ripple is saving face by eliminating the position. 4) Cory has a better opportunity elsewhere and decided to leave. 5) Cory didn’t like the work and decided to leave. 6) Cory had interpersonal problems with other folks at Ripple. 7) Cory has a personal issue he has to deal with. (Family, Health, Drugs) If I had to guess... which I do... I would say it’s likely a combination of several of the above. Decisions like this are rarely cut-and-dry. Remember, Cory was an anchor for over a decade. He’s an on-camera guy. Going from that position to a job at a fintech, even if it’s one with lots of camera time, is a MASSIVE life change. I wouldn’t be surprised if he wanted to leave, and Ripple felt he had mostly accomplished his goal anyway so they cut the position.
  13. 13 points
    Several revealing quotes from the pages preceding the "New Company" transition diagram on pg#107. (I've read through these 153 pages for maybe the fourth or fifth time now - I'm super impressed at the both scope and the vision of SBI) By spinning the Money Tap application off into an entirely new company, whose services would be available to financial institutions outside of their own network, it appears to me as if SBI is seeking to position Money Tap as a new "standard." This would increase the reach and therefore the utility of their Money Tap app which would also do the same for xrp. "By providing Money Tap solutions to as many financial institutions as possible at a low cost, will dramatically improve customer benefits" "Through “Money Tap,” the Provision of an Environment that Allows Connected-Bank Users to Safely, Remotely and Comfortably Remit Money Between Individuals" "In order to further improve convenience, contemplating the addition of FX remittance function and the use of XRP at the time of implementation, with an inspection from various angles, including legal maintenance, etc (legal arrangements must be made)" "Money Tap: About Future Scalability UXs that do not require account opening and charging As it is directly connected to a bank account, there is no need to open a prepaid account or charge in advance like other services. (Available as long as you have a supported bank account) Other services may not accept withdrawal of charged electronic money, or may require a fee upon a withdrawal, but Money Tap does not require any such fee Transfer of existing banking transactions in addition to new demand • Can easily transfer money between one’s bank accounts, which has been done at ATMs up until now. Initiatives led by banks / electronic settlement agents High external safety and reliability, owing to the banks being the main players Business scalability owing to banking license, including payroll and foreign exchange transfers." Of significant note is something that I believe is going to be key to their success: both their extensive, in-house of security solutions and their alliance with those built into the R3 Corda platform. "KYC (Know Your Customer) services Establishing a “common customer base” where all personal information is managed as a whole, rather than just financial asset information (financial institution balances, statements, etc.) Leveraging R3’s Corda to design a high resistance to falsification For AML/CFT*, the ability to provide solutions at the FATF (Financial Action Task Force) level *Anti Money Laundering and Combating the Financing of Terrorism" Bottom Line: despite what may appear to be a painfully slow rollout of their adoption and use of xrp within Money Tap, SBI appears to have taken a comprehensive, "no stone left unturned" approach. I'm very optimistic that once they get rolling with the full-scale release of Money Tap, that it's got a great shot at becoming THE standard for financial institutions, both far and wide.
  14. 13 points
    Lamberth

    Galgitron’s blog: The big race

    http://galgitron.net/Post/The-Big-Race @galgitron
  15. 13 points
    The link is worth looking at
  16. 11 points
    https://ebms.cimb.com/TS_Services/TS_PreviewInBrowser.aspx?TIDStr=kOtKeoGpwq64dGp9hP6V6A==
  17. 11 points
    lucky

    Has Corey Johnson left Ripple?

    Cory being "Chief Market Strategist" always seemed a bit odd to me...
  18. 11 points
    https://www.coindesk.com/two-remittance-firms-go-live-with-ripple-based-payments-to-thailand
  19. 11 points
    This is how it starts. New players outside of the traditional FI's will quickly adopt the new technology. The pressure, as this kind of competition grows, will force FI's with legacy systems to re-evaluate their existing offerings and move on or pull out of the once very lucrative remittance markets.
  20. 11 points
    this frances person acts as such a big shot know-it-all, meanwhile, check her Linkedin profile. her CV is posted there. hardly impressive. most recently she was a contractor at Royal Bank of Scotland (back in 2002) where she helped implement a group consolidation system. whoopie doo. i guess that makes her the banking expert. Marcus Treacher on the other hand, he was on the SWIFT Board of Directors, he was at HSBC for 11 years, with his last role there being head of innovation in global payments. ya, i wonder which one of them knows what they are talking about. this "banking know-it-all that bounced around contract to contract" almost 2 decades ago or the ripple team who actually have executives from pertinent high-up positions.
  21. 11 points
    lucky

    Hodor and the Bitcoin maximalist

    Facts don't matter when talking to religious zealots.
  22. 11 points
    You either believe that decentralized digital assets running on a software platform build from scratch over the last 6 years, will power the global fully automated real time Internet economy, or you think the old tech built 30-50 years ago is not a spagetti mess in which correspondent banks have positioned themselves as rentseekers like bugs, works fine, just needs more patches to speed up the rentseeking process.
  23. 10 points
    We were expecting this news - now they are live https://xrprightnow.com/uae-exchange-going-live-with-ripplenet-to-begin-cross-border-payments/
  24. 10 points
    fatlever

    Perspective

    You're picking arbitrary a timeline to make XRP look awesome. Lots coins outperformed BTC and the numbers look even better when you start picking arbitary timelines to make your favorite coin look good. Over 1 year, XRP has lost big against BTC. February 8, 2018 XRP = $1.00 February 8, 2019 XRP = $0.29 XRP - 71% decrease February 8, 2018 BTC = $8,500 February 8, 2019 XRP = $3,400 BTC - 60% decrease From September 2013 to July 2014, XRP went from $0.014 to $.003 and fell hard against BTC for almost 1 year. Every crypto's valuation including XRP is based on pure speculation and hype and zero use case so far. It's too early to draw conclusions about who the winners it might even be that the entire space is just hype and manipulation.
  25. 9 points
    Yep and here is a link to the soundcloud stream from the senior exec stating such around 31.55 of the stream.
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