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About mandelbaum

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  1. JPMorgan launches an Ethereum based stablecoin, and people target XRP as the bankster "coin". Brilliant.
  2. mandelbaum

    Has Corey Johnson left Ripple?

    Who knows, maybe Cory will pop up somewhere else in the XRP-ecosystem. The war chest is humongous, and the initiatives like xPring, and maybe some we do not know of, could be quite attractive for someone who has stated that he loves to work with startups rather than established brands. Other Ripple employees have left to make their own projects on the ledger.
  3. mandelbaum

    There Is No Such Thing As "Dormant Funds" In Banking

    Central banks are in charge of how much of a given currency is in existence. They need to issue those "serial numbers" to the banks keeping the nostro/vostro accounts. Exchange rates/inflation/deflation comes from the fact that the central bank is in control of how much of the currency is in existence at any given nanosecond. This is what the wheelbarrows in the Weimar republic was all about, "keep printing, the money will catch the debt sooner or later, right?" The serial number have to EXIST the moment the exchange is being carried out, then the SETTLEMENT comes in, if that takes 3-5 days, money is in LIMBO and dormant. This is expensive for the often smaller banks holding the risk, but extremely lucrative for the big banks with many offices around the world keeping the destination accounts. Every day money simply disappear while being transferred, she can not claim that these serial numbers never existed in the first place, that would be counterfeiting. https://economictimes.indiatimes.com/industry/banking/finance/banking/after-a-2million-swift-hiccup-rbi-demands-focus-on-nostro-accounts/articleshow/63007468.cms SWIFT themselves say private banks do no want to disclose how much they keep in these accounts.
  4. mandelbaum

    AMERICAN BANKER: Is this Swift's answer to Ripple?

    Pennsylvania is about to make crypto exempt from the Wire transfer license. How this will affect the banks and conservative remittance companies like Western Union is a bit early to say. But, in a digital economy the ramifications could be massive. Santander could suddenly be a disrupter in the US by having offices in states where crypto is exempt from a license like that. Imagine what the multi-hop funtion of Ripplenet would do to regulations made for value transferred by the Pony express in 1860s.
  5. mandelbaum

    Bad Crypto Podcast Oz Sultan

    Listened to the latest Bad Crypto Podcast with Oz Sultan, who is a fairly knowledgable and excentric guy in the tech field. He worked for the Trump campaign and has also done a lot of consulting for the US government in cyber security related issues. The entire podcast is quite interesting if you are concerned about the recent hacks and the SIM-swapping scandals that have hit certain major providers. The new "crypto phone" revolution is also higlighted. https://everipedia.org/wiki/lang_en/oz-sultan/ During the interview he aired some ideas on what he thought the future would be: From about 43 minutes in he talks about 18 months being the time until mass adoption, he mentions especially Sandtander with their app and the other banks using "Ripple" after Pennsylvania institutes a law that makes crypto exempt from the Wire transfer license, this could open the hatches. Very bullish. https://badcryptopodcast.com/2019/02/06/oz-sultan-236/
  6. Ripple are targeting international remittance first. Remittance means people working in a foreign country sending money home to their families. Doing this in 3 seconds with much lower fees could spark other use cases and room to make the economy grow in the destination countries. Most third world countries are skipping magnetic strip, EMV and RFID cards, they go straight to smartphones with Mpesa, SMS or QR-codes to transfer value. The XRP-ledger is currently the only real DLT project to develop this on, the others either lack liquidity or speed, an 8 year head start.
  7. Payoneer is an Earthport partner/client. This could get interesting.
  8. R3 tried to partner with the Utility Settlement Coin project last summer. https://www.coindesk.com/r3-rejected-utility-settlement-coin-blockchain They were not allowed to, SBI steps in with money. https://www.coindesk.com/banking-giant-sbi-subsidiary-joins-r3-blockchain-consortium Suddenly R3 and Ripple settle their disputes, and Corda Settler launches with the XRP settlement oracle exclusively in December. https://www.coindesk.com/r3-ripple-settle-legal-dispute-over-xrp-purchase-option Two executives leave R3 because of reorganization, announced january 27 . A new design team is created. https://cointelegraph.com/news/report-two-r3-executives-are-leaving-their-positions-amid-broad-company-reorganization Then, two days later: https://www.coindesk.com/sbi-r3-form-joint-venture-to-license-corda-blockchain-in-japan
  9. The shorter are probably not done cashing in. Comparing BTC and XRP: https://www.tradingview.com/symbols/BTCUSDSHORTS/ https://www.tradingview.com/symbols/XRPUSDSHORTS/
  10. mandelbaum

    Rippleā€™s Lie About Its Santander Partnership

    Crypto Eri made a Youtube video going through the blogs claims. It is hard to get a grasp of what the blog is trying to convey, an anonymous writer calling him/herself a troll making trollish claims. The research is - to put it mildly; very weak.
  11. SBI released its third quarter financial results today. R3 Corda settler and XRP are presented as a priority over the next months http://www.sbigroup.co.jp/english/investors/disclosure/presentation/
  12. Looks like CNBC missed out on making the R3-XRP connection.
  13. SWIFT GPI still uses Nostro/Vostro relationships. (Nostro/vostro simply means ours and yours, think of La cosa nostra; This thing of ours) Every bank on the network will have to report their balances of local currency and fees realtime to GPI (through som sort of DLT/Oracle) for this to work with fiat through the settler. Simply using the XRP-ledger saves SO much work.
  14. mandelbaum

    One Person Can Make A Difference

    Man, I can actually feel the XRP-part of my limited brain capacity expand for every blogpost you publish Hodor. No other crypto community have people of your capacity in the drivers seat. Hope everyone reading gets an invite for a Coil-account and uses it to support Hodors work. https://coil.com/signup
  15. Corda is a enterprise network for messaging. The Corda settler is a dapp that can be used to settle payments if both parties of the exchange agree to use the xrp-ledger (called an oracle on the network). If it is interoperable, it should be able to send messages between Corda and GPI, and use the settler.