Hodor

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  1. Alluvial liked a post in a topic by Hodor in Global corporates urge banks to engage with SWIFT gpi   
    Wow.  Based on your synopsis, here's my prediction:
    SWIFT will go down their own road a bit further due to existing contracts where they've already paid a huge amount of money, in an effort to try to justify the decision to sign those contracts in the first place.  Why?  The executives at SWIFT want to retain their positions, that's why. 
    Once they think they've somehow saved enough face, or else identified the scapegoats and "retired" them, they will extend an olive branch to the only other game in town that can solve all their problems literally at the drop of hat; Ripple. 
    And when that happens, just make sure you've got all your XRP locked and loaded, because it's going to be a crazy ride. 
  2. Alluvial liked a post in a topic by Hodor in Global corporates urge banks to engage with SWIFT gpi   
    Wow.  Based on your synopsis, here's my prediction:
    SWIFT will go down their own road a bit further due to existing contracts where they've already paid a huge amount of money, in an effort to try to justify the decision to sign those contracts in the first place.  Why?  The executives at SWIFT want to retain their positions, that's why. 
    Once they think they've somehow saved enough face, or else identified the scapegoats and "retired" them, they will extend an olive branch to the only other game in town that can solve all their problems literally at the drop of hat; Ripple. 
    And when that happens, just make sure you've got all your XRP locked and loaded, because it's going to be a crazy ride. 
  3. Alluvial liked a post in a topic by Hodor in Global corporates urge banks to engage with SWIFT gpi   
    Wow.  Based on your synopsis, here's my prediction:
    SWIFT will go down their own road a bit further due to existing contracts where they've already paid a huge amount of money, in an effort to try to justify the decision to sign those contracts in the first place.  Why?  The executives at SWIFT want to retain their positions, that's why. 
    Once they think they've somehow saved enough face, or else identified the scapegoats and "retired" them, they will extend an olive branch to the only other game in town that can solve all their problems literally at the drop of hat; Ripple. 
    And when that happens, just make sure you've got all your XRP locked and loaded, because it's going to be a crazy ride. 
  4. Alluvial liked a post in a topic by Hodor in Global corporates urge banks to engage with SWIFT gpi   
    Wow.  Based on your synopsis, here's my prediction:
    SWIFT will go down their own road a bit further due to existing contracts where they've already paid a huge amount of money, in an effort to try to justify the decision to sign those contracts in the first place.  Why?  The executives at SWIFT want to retain their positions, that's why. 
    Once they think they've somehow saved enough face, or else identified the scapegoats and "retired" them, they will extend an olive branch to the only other game in town that can solve all their problems literally at the drop of hat; Ripple. 
    And when that happens, just make sure you've got all your XRP locked and loaded, because it's going to be a crazy ride. 
  5. Alluvial liked a post in a topic by Hodor in Global corporates urge banks to engage with SWIFT gpi   
    Wow.  Based on your synopsis, here's my prediction:
    SWIFT will go down their own road a bit further due to existing contracts where they've already paid a huge amount of money, in an effort to try to justify the decision to sign those contracts in the first place.  Why?  The executives at SWIFT want to retain their positions, that's why. 
    Once they think they've somehow saved enough face, or else identified the scapegoats and "retired" them, they will extend an olive branch to the only other game in town that can solve all their problems literally at the drop of hat; Ripple. 
    And when that happens, just make sure you've got all your XRP locked and loaded, because it's going to be a crazy ride. 
  6. JTxrPP liked a post in a topic by Hodor in Future Proof your Portfolio with XRP   
    This is not correct.  He stated "in theory".  Never forget that, at heart, David Schwartz is a scientist; when a scientist says "in theory," your next question should be "is it likely?"
    My guess is that he was growing impatient at even having to answer that type of question.  Of course Ripple can do any number of things "in theory."
    Could Vitaly Buterin completely abandon Ethereum and create a brand new network that is based on completely new algorithm because he's now bored with Ethereum?  Yes, in theory, that could happen. 
    Could I end up liking wine more than beer one day?  Yes, in theory, that could happen. 
    Starting to get it?  I don't mean to be sarcastic, but it seems like some people hang off of every literal word instead of seeing things in context among a TON of other positive communication from JoelKatz about Ripple and XRP. 
  7. CryptoJym liked a post in a topic by Hodor in I Want to Buy Beer with my XRP!   
    Their security issues would be simplified as well.  Now instead of having to manage "X" accounts with all kinds of fiat, they would only need to manage one account, with XRP.  Granted, there are still security issues, but it narrows it down to one.  
    Not many people talk about that aspect of Ripple tech - the simplification for the bank. 
  8. Hodor liked a post in a topic by panmores in Global corporates urge banks to engage with SWIFT gpi   
    Major Swiss corporates promoting a messaging service?
    Their most important message is something has to change...
  9. Hodor liked a post in a topic by Duke67 in Global corporates urge banks to engage with SWIFT gpi   
    No threat to Ripple, it's actually great. Read the article like this:
    Corporates need MUCH better service than they were receiving from banks and from SWIFT so far. When they learn about Ripple, they will integrate Interledger and #XRPtheStandard within months. SWIFT #RIP
  10. Hodor liked a post in a topic by wildbull1984 in Global corporates urge banks to engage with SWIFT gpi   
    No. If anything, should be a great motivator for Ripple to increase visibility and attempt to raise the price for XRP so they can subsidise and incentivise the Fintech companies to adopt the tech.
  11. Hodor liked a post in a topic by Displayed in Global corporates urge banks to engage with SWIFT gpi   
    In the Zerpbox @DariStar mentioned this url: https://www.fx-mm.com/news/70135/global-corporates-urge-banks-engage-swift-gpi/

    "In an open letter to banks, a number of global corporates based in Switzerland say that SWIFT gpi addresses numerous pain points with cross-border payments…"
    Is this a threat to XRP? 
  12. Hodor liked a post in a topic by Live4xrp in Global corporates urge banks to engage with SWIFT gpi   
    https://www.swift.com/our-solutions/global-financial-messaging/payments-cash-management/swift-gpi/corporates
  13. Hodor liked a post in a topic by Alluvial in Global corporates urge banks to engage with SWIFT gpi   
    My take from reading this letter is that corporates are currently VERY disappointed with the SWIFT system.
    The letter starts by corporates complaining that with "cross border transactions, there is today no or little sight on what actually happens...."  
    They compare the current SWIFT cross border transaction system to "a black box, not knowing exactly when payments are credited or what fees are deducted." 
    They continue that those using the SWIFT system "have little visibility of when and why a payment has been rejected, and the investigation process can be both time-consuming and costly.  It is not always clear which party should initiate the investigation, not to mention increasing financial risks resulting from payment delays or even fraudulent actions."
    That's all in the first paragraph.  The second paragraph states:
    "Corporates would like to have better predictability of the payment reaching the beneficiary account, hence the ability to track the payments progress and status is a critical business requirement.  Corporates want to know if and at what point in time the bank has released the payment after sanction screening and internal approval process.  Additionally, there is continuously increasing pressure from their end customers, expecting new and better services from their banks."
    Next, the letter notes that "corporates are focusing on speed, transparency as well as end-to-end tracking across their cross-border payments."  And that there is "a long-time overdue, essential improvement of the customer needs for higher cross-border payment speed, transparency and end-to-end tracking."
    Sounds like the SWIFT system is as horrible as we thought, and Ripple addresses all of these concerns!
  14. Hodor liked a post in a topic by wildbull1984 in I Want to Buy Beer with my XRP!   
    That will definitely take time to happen, but one things for sure, if banks no longer need to hold other physical currencies, that can resolve so many problems.
  15. Hodor liked a post in a topic by wildbull1984 in I Want to Buy Beer with my XRP!   
    XRP Tap-n-go!
  16. Hodor liked a post in a topic by SimpleLife in Future Proof your Portfolio with XRP   
    Actually the majority of this already exists and is being used, except for the pest detection, at least not that I've seen. The trouble is none of the systems are integrated with one another and the network connectivity is horrible, in general.
  17. Duke67 liked a post in a topic by Hodor in I Want to Buy Beer with my XRP!   
    https://xrphodor.wordpress.com/2017/07/20/i-want-to-buy-beer-with-my-xrp/
    I think we need more end-user applications for XRP!  I don't think Ripple should change course at all - they've got to continue along with their current laser focus on banks; but I think XRP investors can fund some exciting new applications - either with new ICOs, or with other funding sources! 
    Let me know if you agree / disagree with my points, and please - by all means - feel free to share or link to my blog!  Thanks in advance for any feedback or sharing! 
    Reddit:  https://www.reddit.com/r/Ripple/comments/6ogzy3/i_want_to_buy_beer_with_my_xrp/
    Twitter: https://twitter.com/Hodor7777/status/888059869701562368
     
     
  18. Hodor liked a post in a topic by wildbull1984 in I Want to Buy Beer with my XRP!   
    @Hodor I was thinking that Ripple should help banks have an option for their clients to open up XRP wallets on their accounts and have access to it and their XRPs via their banking app.
    So if you are Bank of America, and I am Commonwealth Bank of Australia and I want to send you a payment via my banking app, instead of sending you USD with high conversion costs and delays, i just select my XRP wallet (which is seen as another "account") and send you XRP instead. In a matter of seconds, you receive the XRP and then you can convert the XRP to FIAT by performing a transfer between accounts.
    The logistics and workings out of all this? The banks will need to hold substantial amount of it and have a system and algorithms in place to allow seamless buying and selling of XRP.
    So, instead of Ripple concentrating on having their own wallet, they can work with the devs of the banking apps as part of the process to adopt Ripple and XRP.
  19. Hodor liked a post in a topic by midair77 in I Want to Buy Beer with my XRP!   
    Hodor, your ideas when they become realities will sink some other crypto currencies into oblivion.  I love the visions....
  20. tev liked a post in a topic by Hodor in XRP Savings account   
    Yes - my hope is that the new wallets that are currently being developed have support of some of these "advanced" features along with a tutorial, etc.., so people can start putting them into action from an end-user perspective.  I know Ripple is targeting banks, but I think consumers are going to start seeing a lot of products for XRP as demand for retail type of use cases grows!
  21. hibahkh liked a post in a topic by Hodor in Author makes Step-Wise XRP Price Predictions based on Adoption Scenarios   
    Uh.... wow.  I'm actually quite surprised, but pleasantly! 
    JoelKatz usually stays far away from speculation, but this is a nice basis for imagining what could be...
  22. thunderw liked a post in a topic by Hodor in I Want to Buy Beer with my XRP!   
    I am an investor in XRP - I hold it for it's appreciation potential.  
    I also am a blog writer about XRP.  I don't receive any compensation for this, nor am I affiliated with Ripple in any way.   
  23. Hodor liked a post in a topic by fourthjohn in Federal Reserve Faster Payment Site’s Ripple Video Showcases the Future of Banking   
    all the positive info coming out should only vallidate our investment decision. True XRP growth will only come if even half of the 100 banks start sourcing XRP for real time usage.