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QuestionTime

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  1. Thanks
    QuestionTime got a reaction from Nouk in Revolut – Europe's new tech unicorn   
    May 15th by any chance?
    Blockchain Week NYC 
  2. Thanks
    QuestionTime reacted to mars75 in Ripple - GCash & AliPay's 2nd Degree Connections   
    ***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. Like
    QuestionTime reacted to Chewiecoin in Why isn’t XRP’s price going up?   
    ie When Moon! 
    A very common question that is often asked by posters on XRPChat and Twitter.
    Here is my best response to this question:
    1) The short answer is no one knows.
    The market is unpredictable. If we could predict it ie. X news or event = Y price we’d all be rich. 
    Don’t try and don’t stress about it. 
    2) Review the Fundamentals.
    DYOR - Do Your Own Research. Read the fundamentals about Ripple and XRP. Look at the partnership announcements. Look at the fact that xRapid is now in production. Look at the potential use cases and make up your own mind. 
    If you believe in your investment. Stay patient and let it happen. No it won’t happen when you want it to you have to wait and yes more than 5 months!
    3) Demand
    The whole market at present is very immature and is being driven solely by speculative demand. Speculative demand is mainly individual investors buying crypto in the hope that the price goes up. Speculative demand is very volatile.
    Individual investors get spooked easily at the slightest hiccup and will sell. When FOMO kicks in new investors buy hoping to ride the train but a lot without doing proper research thus leading to “weak hands” when the price falls.
    Utility demand is demand based on customers (mainly FI’s and hopefully soon Central Banks CB) using XRP to transfer cross border payments and in the future Codius and smart contracts. Utility demand will drive a much more stable, less volatile, XRP price.
    XRP has the best chance to see substantial utility demand and soon. We are seeing real world adoption now with Mercury FX, Caullex, Santander WU, Moneygram etc. 
    In the future (we don’t know exactly when) XRP’s price will be driven by mainly utility but also speculative demand. This will drive its price up substantially.
    4) Demand v Supply
    Basic economic theory suggests that if Demand is greater than Supply price goes up and vice versa price goes down. Most of us know this.
    The total amount of XRP is 100 billion coins. This is why XRP’s price is sub $1. It requires massive demand to lift it.
    However, we know 60 Bn coins are now in escrow being released at 1 Billion a month. We also know that a small portion of XRP is burnt in every transaction. The more transactions the higher amount of XRP burnt.
    Finally, there has been a lot of speculation about how much actual XRP is in circulation. We have significant amounts of the non escrowed XRP is being held by individuals and large investors. I’ve read that less than 8Bn to 10Bn XRP is circulating at any point.
    Still a large number when you compare it to  other coins but not as much as we are lead to believe.  So it won’t take as much demand as we think to lift it especially when utility demand kicks in.
    5) Whales
    We know large investors or whales are manipulating this market. The crypto market is unregulated and is influenced by pump and dump schemes.
    We have to suffer through the volatility of whales. There are a lot of great articles out there summarising whale behaviour but most agree that overall everyone including whales benefit from prices going up.
    Whales, who are manipulating the market, have been in existence from the start of crypto in 2013 but prices have soared since those initial levels and they will continue to.
    Don’t stress about whales. Whilst the market remains unregulated they will always be around but prices still go up over time.
    6) Bitcoin Coupling
    Crypto started with Bitcoin. Pretty much all major crypto exchanges have Bitcoin as their major trading pair. Therefore to buy XRP you usually have to buy Bitcoin or another coin first. 
    Most coins are coupled to Bitcoin this same way.
    Also the media and the general public only know Bitcoin as crypto.
    These factors mean we will ebb and flow along wit Bitcoin.
    We will uncouple from Bitcoin eventually. Ripple is actively looking to increase XRP liquidity and offer incentives to existing and new exchanges to offer direct XRP purchases or XRP as the main trading pair.
    This will take time but we are going to see success with this. See Koinex, Revolution, Uphold etc.
    7) What’s Ripple saying?
    Most senior Ripple employees are publicly very bullish on XRP’s future as you would expect. I think Brad Garlinghouse, Ripple’s CEO, has said it best when he says don’t look at the price in 3 days, 3 weeks or even 3 months but in the long term if we wait 3 years he is publicly confident XRP wil succeed. 
    8 ) The Unpredictable Event
    We are also at the mercy of unpredictable news affecting price. In recent months we have seen countries talking about banning crypto investment, Korean exchanges being raided, Mt Gox trustee’s selling a reportedly 200,000 BTC on the market over time.
    These events will always occur, they can’t be predicted and will have a negative affect on price.
    There are so many factors that affect XRP’s price. None of it can be predicted in the short term. Long term however we can have more confidence of the general direction of XRP and that is up.
    I am very bullish on XRP based on the information that is available. xRapid works it reduces costs by anywhere between 30% and 70%. This is now proven. We know we are getting close to 200 FI’s using RippleNet. We know up to 50 Central Banks are talking to Ripple. We know via the IMF that several CB’s are testing digital currency most likely XRP? We know that at least 5 companies are using xVia.
    To me it’s a no brainer and whilst there are no guarantees I believe XRP’s success is inevitable.  You just need patience and wait for it to happen. Don’t worry about the price today. Let this all play out and enjoy the ride.
  4. Haha
    QuestionTime got a reaction from amulecregg in Revolut – Europe's new tech unicorn   
    They are supposed to be bringing out a Platinum card which is stainless steel.
    I'm a sucker for any novel and different. I want one.
  5. Like
    QuestionTime reacted to amulecregg in Revolut – Europe's new tech unicorn   
    Man, really, I played with that packaging for like 15 min.
  6. Like
    QuestionTime reacted to DQA in Expect Ripple (XRP)-Amazon (AMZN) Partnership Speculation To Rise Again   
    "Ripple’s xVia could be a solution the e-commerce giant may consider"
    What's noteworthy about 'could' and 'may'?
  7. Like
    QuestionTime got a reaction from bruce21b in Why no news on Xrapid?   
    You don't hold a party with a Celebrity A-Lister headlining if you don't have something to party about.
    I'm hoping for good news coming out of Block Chain Week NYC.
     
  8. Like
    QuestionTime reacted to JCCollins in The Emerging Crypto Establishment   
    Below is a new article I wrote titled The Emerging Crypto Establishment - New American-Sino Monetary and Geopolitical Relations.  It covers some history of China's monetary planning and connects with Ripple and recent comments by CEO Brad Garlinghouse.  It is intended to provide additional insight to help everyone better understand the context of some statements and the larger potential of Ripple and XRP.  
    The article was published as subscriber content but I republish openly here for the good patrons of XRPChat.  For the record, I work extremely hard at researching and writing quality articles which are informative and accurate regarding unfolding international monetary and geopolitical events.  I'm a capitalist through and through.  As such, my time and labor is worth remuneration, as wealth is best defined as the accumulation of time and labor.  Contrary to online expectations, having a subscriber base, or paywall as some call it, is completely acceptable under the ideal of capitalism.  It's up to the readers to decide if the quality of work is worth it, or not.
    I'm absolutely obsessed with Ripple XRP and the developing crypto market.  Which is why I value a forum such as XRPChat, and wish to share the results of my labour with the group. Those who wish to support me on my site by subscribing, please do, it would be greatly appreciated.  Those who do not, your support through reading and providing feedback and dialogue is also appreciated.  There is so much to learn.  Only together can we all gain a better understanding of the new world which is emerging right before us.  
    Article is included in its entirety below.  Thanks all.  - JC 

    THE EMERGING CRYPTO ESTABLISHMENT
    New American-Sino Monetary and Geopolitical Relations 
    By JC Collins
    The empty streets, homes, and commercial spaces of China’s ghost cities are starting to come alive.  The vast building of empty cities by Chinese civil and cultural planners over an almost two decade span was considered by most in the West to be an example of overbuilding in a   closed economy, an economy which was decades away from functional levels of maturation.  Few considered the possibility that China was engineering one of the greatest socioeconomic plans in human history.  
    Long-term POM readers will remember that this was one of the core themes in the early years of the site.  China’s rural population has always been a problematic issue for the policymakers in Beijing.  Throughout its history Chinese farmers have repeatedly overthrown their Sino rulers through violent revolution.  The benefits of a massive lower class which supports the alternative need for a viable and content middle class.
    The plan built around the construction of the ghost cities was that those urban centres would be populated by 100’s of millions of the rural population.  Such a massive domestic migration of citizens does not happen over night.  But it has started, and the plan is dependent upon another incremental strategy which China has been working on for decades.  
    The internationalization of the Chinese renminbi has been another topic which we have been discussing since the beginning of POM. China’s currency is most often referenced as the yuan, which is in fact the unit of measurement.  The name of the currency is renminbi.  The best way to understand the two names is by considering the names used for the British currency, which is also referenced by its unit of measurement, being the pound.  The name of the actual currency is sterling, or more commonly used “pounds sterling”.
    Chinese monetary authorities have been developing pathways for the internationalization of the renminbi.  These have mainly been built around the off-shore renminbi, and less so with the on-shore renminbi.  The off-shore provides China a buffer between its domestic markets and potential manipulation from foreign markets.  Though China is now slowly beginning to open its domestic capital markets to foreign investment, but only strategically and incrementally so.
    At some point in the future the off-shore and on-shore versions of renminbi will be consolidated and the Chinese capital markets will be fully opened to large foreign capital in-flows. 
    An increase in use of renminbi in the international monetary system and world financial markets will allow China to shift its economy from the existing trade exporting model to a trade services model.  One is the manufacturing and exporting of cheap goods which is possible because of the low valuation of the renminbi.  The other is the expansion of financial services and products which are denominated in renminbi, such as the recent yuan denominated crude benchmark.  
    The increasing internationalization of the renminbi, which has picked up pace over the last year, will contribute to the development of a domestic economy structured around consumerism, which in turn creates the need for a vibrant middle class.  Whether the developing middle class and consumerism is a direct result of the internationalization of the renminbi, or the growing middle class created the need for enhanced currency internationalization, will have to debated decades from now, when the totality of the plan and all facts have been realized. 
    The position I have maintained is that Beijing will always be under threat from a large rural population, and as such, the need to internationalize the currency and build a middle class is prominent in all decision making.  The internationalization of the renminbi has less to do with replacing the dominance of the USD and more to do with ensuring a stable political environment in China.  A stable China aligns with the needs of the international banking interests and the fading Anglo-American establishment.  
    Chaos in China will not benefit anyone, and all have a vested interest in seeing China succeed with its socioeconomic planning.  
    The other aspect of renminbi internationalization is its expanded use as a reserve currency.  The accumulation of USD in the foreign exchange reserve accounts of central banks around the world has reached epic levels.  The first step to correcting this systemic imbalance is the diversification of these foreign exchange reserves.  But the ultimate objective would be to eliminate the need for foreign exchange reserves altogether. 
    It has been my position for years that a reserve diversification away from USD dominance would procede the full reduction and elimination of reserves, with the understanding that China has zero interest in replacing the large accumulation of USD with the large accumulation of RMB.  
    China has been extremely careful in not allowing its domestic capital and financial markets to be exposed to foreign influence which has been structured around the USD.  While it maintained a trading band exchange arrangement with the dollar, the People’s Bank of China was well aware of the threat which existed around total dollar dependence.  Though it holds the largest foreign amount of USD denominated debt, the dollar has not been introduced into China’s domestic economy.  
    Outside of the Special Drawing Right (SDR) of the International Monetary Fund, there has been no supra-sovereign asset which could replace the functional international role of the USD.  This has changed with the development and growth of the crypto asset market.  
    Ripple CEO Brad Garlinghouse recently made a comment during a question and answer session about its digital asset XRP providing the opportunity for connectivity between some isolated domestic capital and financial markets and the larger international markets. Understanding everything we reviewed above can do a lot to bring us a deeper understanding of Garlinghouse’s comments.  
    Consider that XRP serves as a bridge asset between all fiat currencies and crypto assets.  Now consider that China has been expressing interest in XRP and the products provided by Ripple.  Products such as xCurrent, and more specifically xRapid, which uses the crypto XRP in its bridge asset function, can facilitate the exchange between fiat currencies, such as the USD and RMB, without the influence of one over the other.   
    Both the Federal Reserve and the People’s Bank of China have been in communication with Ripple.  This should not be considered a coincidence, nor should it be thought that these communications have taken place in isolation and separated from one another.  There is a much bigger plan unfolding in the coming months which will allow China to utilize XRP and xRapid to open its domestic markets to foreign capital without the risk of influence from American policymakers, or exposure to USD volatility.  
    Whether Garlinghouse was referring to China or not will have to be a follow up question.  But what is being implemented is likely a new American-Sino Establishment built around the expansion of the crypto market.  The Franco-Anglo Establishment was built around the international transition from the franc to the pound.  Next came the Anglo-American Establishment which was built around the international transition from pound to dollar.  Now comes the American-Sino Establishment, which will be built around the transition from fiat reserves to frictionless crypto asset transactions around the world.  
    This new establishment will be the first of its kind which isn’t focused on moving and maintaining wealth associated with the spread and debasement of one nations domestic currency.  It will be focused on geopolitics as an extension of economic competition and bringing resources to market.  Removing the corruption associated with the abuse of domestic currencies from this process will be a first in world history. 
    Trump has done a lot towards this future by removing the deep state control over North Korea. The ending of the Korean War after seven decades is a monumental achievement which needed to happen in order for other pieces to be positioned.  A resolution between Taiwan and mainland China is next in line.  These are the geopolitical representations of the monetary transformation taking place just under the surface. 
    The blockchain services offered by Ripple and the adoption of its XRP crypto asset are much more developed than is widely known or acknowledged.  America, as the world’s largest debtor nation, and China as the worlds largest creditor nation, both maintaining the largest trade deficit and trade surplus respectively, will have to agree on the structural framework for a new monetary architecture, or ecosystem.  With Ripple providing that decentralized and frictionless service, both nations are on the verge of transforming the world’s monetary and financial realities.  
    The social credit blockchain grid is descending on China’s ghost cities as the test run for the societies of tomorrow.  Transforming 300 million rural pheasants into a vibrant middle class is no small feat.  But with worldwide liquidity about to expand on top of the crypto ecosystems, and the seamless movement of value around the world, with no mind to borders, while nations maintain their own unique sovereignty, we can begin to glimpse the first signs of a much bigger future than any of us could have imagined. - JC 
     
  9. Haha
    QuestionTime got a reaction from mariusthegreat in Get Ready For One World Currency   
    All I could think of is Scousers and Daleks when watching.
    Scousers debating a new world order.

  10. Like
    QuestionTime got a reaction from I_just_want_a_McLaren in Why no news on Xrapid?   
    You don't hold a party with a Celebrity A-Lister headlining if you don't have something to party about.
    I'm hoping for good news coming out of Block Chain Week NYC.
     
  11. Like
    QuestionTime reacted to 2ndtimearound in EOS vs XRP   
    I made 6 figures in profit (GBP) when I sold my XRP in January.  Where were you?
    edit: I've rebought (I'm in the top 20,000 wallet holders).
    I don't care if people think I'm bragging - this is XRP we're talking about here. There's real money to be made here.
  12. Like
    QuestionTime reacted to Chewiecoin in I just got shadow banned on Twitter   
    YEP!! Welcome to the Club
  13. Haha
    QuestionTime got a reaction from XRPHdlr in Revolut – Europe's new tech unicorn   
    Mine has just landed within the last hour.
    They sent it with tracking so I could follow it.
    Got an email at 7am telling me it was going to arrive this morning and if I wanted to go to a local office to collect it I could.
    I can't get over the packaging. I have never had a payment card that looks this good out of the envelope. They are normally stuck to a piece of A4.
    On these points alone, I think the high street banks need to review what they are doing.
    Let's now see how it works in the real world.
     
    PS. I'm holding my head in shame. I have bought some BTC on the app.
     
  14. Haha
    QuestionTime got a reaction from fiik in Revolut – Europe's new tech unicorn   
    Mine has just landed within the last hour.
    They sent it with tracking so I could follow it.
    Got an email at 7am telling me it was going to arrive this morning and if I wanted to go to a local office to collect it I could.
    I can't get over the packaging. I have never had a payment card that looks this good out of the envelope. They are normally stuck to a piece of A4.
    On these points alone, I think the high street banks need to review what they are doing.
    Let's now see how it works in the real world.
     
    PS. I'm holding my head in shame. I have bought some BTC on the app.
     
  15. Like
    QuestionTime got a reaction from orcablue in Western Union Ad   
    https://theindependentrepublic.com/2018/04/01/ripple-xrp-powered-western-union-app-goes-live-with-zero-transaction-fee/
    http://ir.westernunion.com/news/archived-press-releases/press-release-details/2018/Western-Union-Expands-Digital-Service-to-Panama-and-Jamaica/default.aspx
  16. Like
    QuestionTime got a reaction from OzAlphaWolf in I just got shadow banned on Twitter   
    Love it. I've joined the club.
    I assume now its badge of honour and a right of passage to be a HODLer of XRP.

  17. Thanks
    QuestionTime got a reaction from Shockwave_XRP in Why no news on Xrapid?   
    You don't hold a party with a Celebrity A-Lister headlining if you don't have something to party about.
    I'm hoping for good news coming out of Block Chain Week NYC.
     
  18. Thanks
    QuestionTime got a reaction from AJSmirker in Why no news on Xrapid?   
    You don't hold a party with a Celebrity A-Lister headlining if you don't have something to party about.
    I'm hoping for good news coming out of Block Chain Week NYC.
     
  19. Like
    QuestionTime got a reaction from xrphilosophy in Why no news on Xrapid?   
    You don't hold a party with a Celebrity A-Lister headlining if you don't have something to party about.
    I'm hoping for good news coming out of Block Chain Week NYC.
     
  20. Haha
    QuestionTime got a reaction from BluKoo in Where are we all from?   
    Not jealous at all. I'm from Lofthouse near Pateley Bridge.
    I did something really horrible in a former life.
  21. Haha
    QuestionTime got a reaction from Yorkies in Where are we all from?   
    Not jealous at all. I'm from Lofthouse near Pateley Bridge.
    I did something really horrible in a former life.
  22. Like
    QuestionTime got a reaction from KandleSand in Where are we all from?   
    Birmingham 
     
  23. Like
    QuestionTime got a reaction from JordanC in Where are we all from?   
    Birmingham 
     
  24. Haha
    QuestionTime got a reaction from ChavasRegal in Where are we all from?   
    Not jealous at all. I'm from Lofthouse near Pateley Bridge.
    I did something really horrible in a former life.
  25. Like
    QuestionTime got a reaction from JordanC in How will I be rewarded for investing into Ripple?   
    I hate posts like these. I assume you are trying to spread FUD.
    Otherwise:
    You made the decision to come for the ride. Nobody forced you to.
    If you don't like the vehicle, get out and go elsewhere.
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