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Posts posted by NorthLane

  1. 10 hours ago, mDuo13 said:

    No, he's talking about the original "Ripple" idea where people just track how much money they owe each other (in whatever denominations) and use those to pay their debts rather than exchanging physical assets or centrally-issued (digital or otherwise) notes.

    A core idea behind Ryan Fugger's "Ripple" was that you could net out a bunch of these payments with powerful computer system. The Ripple (now XRP) ledger built on top of this with the idea that if there was a generic token in the system, you could use that to automatically bridge all the gaps in credit.

    This is how the TransferWise model works for “international transfers” they don’t actually move any assets physically across borders at all.

    @BobWay was anyone from Ripple involved in the inception of TransferWise and took that initial thinking with them?

  2. This is so true. I do a lot of work in India and they are leaving the world behind with regards to digitisation in the Payments space. There was over circa 120 different digital wallet players in India - I believe there will be something of a rout now that the government has changed the rules and all wallets need to be fully KYC’d, only the big boys will remain. By PayTM for instance now has over 400m registered users and you can use it to pay pretty much anywhere.

    for those folks who’s world view is primarily the US, UK or EU (I’m UK based) it’s truly another world out there in developing markets. Some of these places can barely build a road, protect their citizens from each other or provide clean drinking water for half the population. But the stuff that’s going on in the digital payments space is unreal. 

    The opportunities for crypto - and in particular XRP with its speed and low cost - haven’t even begun to reveal themselves ..... yet!



    This, to my knowledge, is the “latest” official guidance from HMRC on cryptocurrencies. For the moment the government are still of the opinion that existing laws/regulation can be applied.

    I for one have included a 20% CGT provision in all of my “Jesus, if XRP gets to $X then i’ll walk away with £Y” scenarios (don’t laugh, you all do it too ?). However I have NOT included any trading activity, selling high and buying low, as my losses were greater Than my gains he four times I tried to do it, plus I’m not sure we’ll get there here in the U.K. (and how is that even possible without the exchanges all handing over data).

    I fully expect to pay any and all taxes when I do cashout.

  4. 2 minutes ago, bec_86 said:

    be like otis when it comes to xrp price. it will be ok, relax :)) enjoy ur day guys


    Otis has the right idea!

    Methinks I spy a Christopher Ward Malvern C3 Chrono, unless i’m very much mistaken?

  5. 2 hours ago, wnut said:


    Arrange for 2 russian secret services -like bodyguards to knock down your workplace door and ask for the "most master of brain" to be escorted in a limousine to your private jet the day xrp meets your exit price. And on your way out, drop a ledger with 10 xrp and how to instructions on your boss`s desk to cover the costs of replacing the door. :D

    Ha ha, loving this!

  6. 12 hours ago, wnut said:

    Coinbase - Most master of brain - NOT

    Seriously, the OP of this comment will become legend in the months to come. It’s just the best. I’m desperate to use it in a work context with some of my colleagues - just haven’t had the right opportunity to drop it yet.....

  7. 14 minutes ago, HodlOnASec said:

    I don’t particularly care about the drop. I am just ****** that people absolutely ignored every single piece of news that will change global finance as we know it and FOMOd over one stupid exchange. 

    This. I couldn’t agree with you more. I despair.

    Will make it all the more sweet when the vast majority of folks wake up to what’s been going on, what’s been achieved and what the future could look like. The question in my mind, as in yours too I guess - is what’s it going to take? Personally I’m beginning to wonder whether nothing short of Apple, Google or Amazon will move the dial. And that is utterly ridiculous. 

  8. 1 hour ago, HodlOnASec said:

    Imagine the potential for Amazon etc. to byepass banks and transfer payments from countries to regional hubs. Or someone like Facebook to handle payments for Facebook ads. And so on...

    I work in the prepaid space and work with a lot of these guys (Apple, Google, Amazon, Uber etc). I’ve written about about this as a use case before - I know that the potential is huge, given that most of these guys route payments globally back to one or two hubs (Ireland, Luxembourg, The Netherlands) dependent on their tax structures. In some cases, there’s currency/exchange controls meaning they have to leave piles of money in country or incur withholding a taxes. XRP isn’t going to solve for that, and would have to work within exchange control regulations per country etc - BT the sheer volume of payments for these guys from all over the world flowing back to the center is mind boggling.

    One of the most obvious ones to me - and I barely darent mention it - is Uber drivers paying Uber their 20% cut or whatever it is. There’s a whole load of logistics in that process that must involve drivers receiving payment, then paying local Uber entities and Uber entities then paying HQ. The possibilities for XRP to be involved and revolutionise - expedite - lower costs of that process are mind boggling, whichever way you look at it. It’s the same for Apple, Google, Netflix, Facebook - all these Bay Area companies who are operating globally.

    i don’t have any inside information, just awareness of these challenges that they have. But I would be ABSOLUTELY AMAZED if some of these big guys aren’t already looking very closely at Ripple solutions and eying up eventual XRP adoption in their international remittance/settlement space - and latterly in their payments space -  at some point in the future.  I’d be almost willing to bet that one or two of them may be trialling already. Why wouldn’t they?


    EDIT: Plus, if they DID accept XRP as payment, they bypass the 2-3% merchant services charges that the card companies sting them with, they get settled immediately and the money can immediately land where they need it to land. I mean it’s a no brainer.....:

  9. 56 minutes ago, WhentheBoat_ComesIn said:

    Still having fun....


    Wait a minute? Sheikh Mansour? Isn’t he a majority investor in Mclaren? And don’t we have a user amongst us called “I Just Want A Mclaren”?

    Thats it! The circle is complete. “I Just Want A McLaren” is BG123!

    (apart from the days when he’s “I Just Also Might Want A Maserati Granturismo” - and who can blame him ha ha ?)

  10. 1 hour ago, jtusa said:

    As much as I'd love these predictions to come true, I'll repeat the same argument I say to everyone, I'm not that lucky, so it'll never happen.

    I feel the same JT - but maybe this time around luck is on our side? I mean jeeesus - just look at the progress the Ripple guys are making. I’ve never observed a company before that seems to know exactly how the pieces need to be fitted together. I wish that we could build partner networks as quickly as these guys seem to be doing it at my company - regardless of the xCurrent or xRapid argument. For me it’s like they’ve seen a future that none of the rest of us have - and now they’re building it as quickly as possible .

    So - spend a bit more time coming to terms with the fact that you’re going to be wealthy - because chances are you are ?

  11. I’m in the prepaid space and have been working with the big Bay Area based brands for the last 10 years, first across Europe and now in emerging markets.

    The amount of payments that these guys have to handle between countries all over the world is phenomenal. Just the companies that I’ve worked for have been involved in remittances of 10’s/100s of millions of dollar weekly, funnelling  from many different countries all back to either Ireland or Luxemburg or The Netherlands, to name but a few.

    Other such companies, some of whom have been forced to accept cash in emerging markets because of customer demand, are building huge cash mountains in these countries that ultimately are going to cost them an absolute fortune to pull back into a regional or head office country where the funds are supposed to go.

    The prepaid space is dominated by a few key players, global players, and the ability to move money around the globe instantly and for next to no cost is a true game changer. I don’t see how the likes of Google and our friends in Cupertino, Seattle etc are not already involved under the covers because it’s just a no brainer. And this is just for the one, small aspect of their operations - prepaid - that I am familiar with, really a pimple on their *** in terms of the rest of their business. Think of the payments and remittances involved in being a global supplier of goods and services as many of these guys are - it’s mind boggling the possibilities, even with the likes of XRP just being used as a digital asset for settlement behind the scenes. Then fast forward (as I believe XRP will) to the point where it’s used by consumers in some of these companies - XRP used to pay your UBER driver; your UBER driver using XRP to pay UBER their fees (a huge issue in emerging markets), XRP used to pay for your AirBnB, XRP on Google Play store, ITunes Store, XRP as in-app currency. The possibilities are endless.

    At the same time, all of this could come to nought obviously (though that’s not my view, everyone needs to make their own judgement). 

    But........what a time to be alive, and to be involved.


    EdIT: and don’t forget, every card payment these guys take on an online store, or for a ride or whatever - MC or VISA are typically taking an MSC (merchant services fee) of between 2% and 3% - so again, huge savings to be made.

  12. 14 hours ago, RegalChicken said:

    I've seen your posts that mirror this sentiment in a few different threads and I'll be honest, I think you are quite confused. We have seen almost zero institutional money in crypto so far.  The big money can't get in fast. It takes a lot of time to put the infrastructure and regulatory compliance into place. They all want in though and this summer money will pour in. 


    Did you see the yahoo conference on blockchain and the interviews that specifically discussed this? There are trillions coming to market still. And that's NOT even including what could happen if xrp starts to take on nostro/vostro accounts. 

    We only even know about a single hedge fund that uses xrp. Arringtons. Grayscale is creating an xrp trust as well and that isn't even live yet. As far as I know grayscale basically is the only btc offering that's otc for regular brokerage accounts in the US and it's gained a ton of exposure. More will come. The WinkleVoss twins are still pushing more as well. There is soooo much more money coming. 

    Heck Facebook alone is worth more than the entire cryptosphere. Xrp by itself will easily surpass that. 

    Regal is right - and take a look at this clip from a Miguel Vias, head of XRP Markets at Ripple - which supports this position that institutional interest is really starting to pick up. It’s shaping up to be a big year (apologies if this has already been shared)


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