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benstr

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Posts posted by benstr


  1. Pasted from <https://twitter.com/XrpCenter>

    XRP Research Center (twitter) 12/28/2018
    Exchanges with xRapid integration today: 
    1)@BittrexExchange USD 
    2)@Bitstamp USD | EUR 
    3)@Bitso MXN 
    4)@coinsph PHP 
    5)@sbivc_official JPY 

    Exchanges that have confirmed xRapid integration is in the works: 
    1)@QuidaxHQ NGN 
    2)@BitrueOfficial SGD

    xRapid on remittances
    Using it today:  
    1)Cuallix 
    2)Catalyst Corporate

    3)Mercury FX 

    Will use by 2019: 
    1)SendFriend 

    Will/are integrating it: 
    1)SBI Remit. 
    2)InstaRem 
    3)TransferGo 
    4)Zipremit 
    5)FlashFX 
    6)IDT 
    7)Currencies Direct 
    8)Cambridge Payments 
    9)Viamericas 
    10)MoneyGram

    Products able to settle on the XRPL today: 
    1)#xRapid by @Ripple 
    2)@Interledger protocol developed by @Ripple, @Coil and @w3c 
    3)Corda Settler developed by @inside_r3 

    Products that will be able to settle on the XRPL by 2019: 
    1)@xrptipbot by @WietseWind


     


  2. One huge premise Ripple makes about xrp usage, is the freeing up of nostro/vostro accounts. (If) the ability to free up large amounts of capital is Not incentive enough. Then that means all banks and fincos are quite happy doing things the old fashion way. Using nostro/vostro accounting.

    Sometime innovation takes time to catch on. Much like the internet back in 1980s, email, later online shopping. There's no doubt in my mind,  that your freeing up capital, capital that's tied up, sitting in accounts overseas.. participants will find recapture that capital. When given the opportunity. Right now the stumbling block may have to do with regulatory clearance.

    For now:- "Saudi/UAE digital currency goes live Q1 2019   (powered by Ripple)   - Mohsen Al Zahrani, head of innovation at Saudi Arabian Monetary Authority (SAMA), says the central bank’s cross-border blockchain project with the United Arab Emirates is on track to go live in the first quarter of 2019."


  3. 12 hours ago, Fuyaa said:

    Citing facts like an imaginary bear

    Fuyaa you joined on Nov 14. Extremely active with doubts about this community. Your Not Craig Wright??

    You seem to 'Like' very negative comment concerning Alex.  This is something Craig would do, you see.

    If you are Craig, stop hiding behind some username-Fuyaa (like fool yaa). Don't hide like a COWARD.


  4. 2 hours ago, Julian_Williams said:

    it may look great on paper, but in reality, to make use of it, it’s really hard,”

    My impression was that comment pertains to xRapid, cross border payments. As of now we know the liquidity isn't well established in many corridors. This explains "it may look great on paper, but in reality.."

    With TransferWise, my sense is, Ripple gave them the software to try out? Also TransferWise's is completely online. No brick and mortars.


  5. 2 hours ago, zenkert said:

    That means he sucks a lot of energy form inoocnet people all around the world.

    Yes I know what you mean. My take is no matter what Craig will always feel he won. But keep in mind, that's only his take on the outcome. What about everyone else's takeaway? If we are watch or read an open debate.. we all come to our individual conclusions. And guess what - many people will learn the truth about xrp through such a debate. A win for the xrp community. 

    Another point is I know "most don't do this in the open". To get Craig in an open forum debate, he will expose himself for what he truly is -sociopath/narcissist. The more people know this about him the lesser people will care about him. Long run he loses. 

    I understand the recommendation is to not engage them. We'll see how this plays. We are only talking now.


  6. 4 hours ago, KaaKaRmA said:

    You’re intentions are good Alex, but let’s be honest, you won’t tear him to shreds, unless citing public statements is “tearing him to shreds”. 

    I differ in opinion. I believe Alex in a debate against Craig, will win by citing facts. However Craig is a bit of narcissist. With narcissist even when they lose, they think they won. 'A legend in their own mind' kinda stuff. That said, those tuning in on such a debate will know the truth from Alex vs Craig's false statements.

    So Alex will "tear him to shreds".


  7. On 11/13/2018 at 8:57 PM, jabit said:

    Japanese Bankers Association (JBA) is doing Real-Time Gross Settlement in Japan

    Does that include real time cross border payments? The key words 'cross border'.

    On 11/14/2018 at 4:02 AM, jabit said:

    Swift GPI has already been adopted by 49 banks out of TOP 50 banks in the world.

    Not surprising. Isn't the Swift SR2018 on Nov 18. Swift GPI, I don't think it handles settlement.


  8. 1 hour ago, Kpuff said:

    I don't see how or why a big company like WU would sell off their payments operations

    My guess is WU having seen Ripple's xRapid product potential, though unable to integrate into WU's existing infrastructure, probably decided to sell it while they are on top. WU figuring as time goes by their B2B cross border will not be able to compete. Hence sell for top dollars?


  9. On 10/27/2018 at 7:33 AM, Kakoyla said:

    This is incredible news, being totally undervalued by the community, wait until this spreads. 

    Yes. I was thinking the same. We have news a central bank is scheduled to launch cross border payment (powered by Ripple). And everyone's concerned whether xrp will be used or how it will affect price of xrp. A Saudi central bank will be using Ripple powered solution. Guess what? Exposure, real money. Other central banks will be watching this carefully. If deemed successful, other institutions, including banks will get on the bandwagon. This process is call "Adoption".

    This might work out. I think the Saudi central bank like to be innovative and first for once. 


  10. On 9/24/2018 at 3:21 AM, MightyCat said:

    I mean it seems like the xrp isn't made right now for a global use. If the account opening cost was about 1 xrp it would be more realistic on a global human scale, because it would mean about 7 billions xrp blocked on the ledger dedicated to account opening. Also don't forget some people could want several different accounts.

    We believe Ripple team can adjust the 20xrp required for holding an account. You've already stated 'if the account opening cost was about 1 xrp it would be more realistic on a global human scale". Let's take what you said a step further, since xrp is fractional up to 6 digits, how about 0.1 xrp for account opening? Maybe 0.00001 xrp account opening. 

    My conclusion: I don't think this is an issue for concern, given xrp is fractional up to 6 places.

    fwiw: standard transaction is 0.00001 XRP (10 drops), hence 1 drop = 0.000001


  11. Susie (Esoteric Trading Solutions) uploaded a video about the enormous short position on XRP. 

    I suppose some of this spectacular rise was a result of short covering. Taking losses or protecting profits. 

    Also known as short squeeze.  Traders generally have stop loss orders in the market, in case of adverse moves against their position. These are buy-stop market order. Once the price hits that price on the way up, the order becomes a buy market order. The buy get executed at the market, further perpetuating the up move.  


  12. 2 hours ago, yxxyun said:

    Ripple 's solution xCurrent use market maker to transfer overseas payments,  but market maker mode is not allowed by China 's policy.

    xCurrent does not use xRapid. No need for market makers. Thus in theory Chinese banks can test for savings and speed benefits. xCurrent can be used for domestic transfer, if banks find it provides better tracking.  I believe with China, it will be work in progress for Ripple. End of the day, money talks. When China looks around and see other international banks save money with faster service. They will come around. If not they will fall behind.


  13. 12 hours ago, Karl said:

    Ripple has another income source: xCurrent. Ripple doesn't need to dump their XRP holdings to fund their operational costs

    With 100 production contracts signed. This provides sales revenue plus ongoing s/w maintenance revenue. Going further out, assuming consistent sales numbers, Ripple will be selling less XRP holdings to fund their operational cost. At some future point, the pendulum will swing from excess supply to demand for XRP. 

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