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kanaas

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kanaas last won the day on April 14 2017

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About kanaas

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  1. Western Union deal

    Thats an interesting idea. Eroding profits on todays expensive services could be compensated by delivering liquidity services for banks and fi’s
  2. Has Gatehub Taken the Money and Run?

    Try https://cex.io/ I've good experience with them (on withdrawal of substantial fiat amounts and on customer support)
  3. As we don't know the inner of the system with the exact details and the used algorithms, we'll have guess.... But I suppose the principle to be like this: - xCurrent demands a payment of xUSD to arrive in RMB - xRapid sees the offer coming in the books and creates two offers: 1 to transact xUSD to yXRP with a calculated rate (based on the latest rate) 1 to transact yXRP to RMB again with a calculated rate (based on the latest rate) - calculation is made with some spreads adjusting that is leaving a small profit for the liquidity provisioning service - if another trader (anyone can do it) snoops away both offers with a smaller spread... no problem as first goal achieved = the payment goes trough, and xRipad might adjust for a smaller spread on the next offer(s), this way coming into a healthy competition with other traders....
  4. Gateways a thing of the past?

    What to think about the "new mechanism" Arthur mentioned here ?
  5. Competition can do settlement by other channels, but as of now Ripple and the XRPLedger are far more efficient and cheap compared to everything else. The legacy SWIFT based approach, with nostro accounts on correspondent banks, is doomed to go away, replaced by tokenbased settlement, and banks simply do not have any other working option because those tokes has to be trusted by ALL global partners if one wants to build a efficient working solution. So even if there's a BANK1coin, or a SWIFTcoin or an AUSSIcoin.... whatever.... they will always come with broken trustlines that have to be glued by mutual trusting partners. One can do that for some high load corridors like USD/EUR, but on a global scale, serving ALL worldwide currencies and corridors... it will go on being nothing more than the same brick and mortar system as we know it today. Of course there can come new competition. Some might go doing the same or even better than Ripple... but this has to be on a public trusted ledger with an asset still to be distributed in a market still to be build and capable to go for scaling to global needs and surrounded by the right banking and payments building blocks... Even with interledger making it more easy for competition, that's a LOT to come out with and trying to beat a frontrunner like Ripple who's not only having a head start of many years on you, but also has a best in class team and an incredible well worked out plan... And with an XRP stack that can buy and pay them worldclass developers for a VERY long time.
  6. Also to understand this one: XRP and the XRPLedger even have a higher level of trustfulness than (central) banks and clearing houses. One only needs to have faith in (network)technology - no more humans involved.... Technology can fail, but it never steals ....
  7. @LeGonze This was an answer that countered the OP arguments. In short it's like this: permissioned blockchains with no public trustles asset available can only do payments but can NEVER arrange settlement. For this, one needs mutual trusted partner(s) to handover the money and to achieve the final settlement. Mutual trusted partners are typical Central Banks, Clearing Houses and Correspondent Banks. Using them, even with instant payment & settlement, always goes for a cost AND a mass of locked up nostro accounts to serve liquidity in multiple foreign currencies. OTOH, Ripplenet (xCurrent) ALSO is a network of permissioned blockchains that are build on privatized, tokenless Ripple technology. But instead of passing by CorrBs, NBs, or CHs, xCurrent can pass by the XRPLedger for the instant settlement while xRapid serves for the foreign currency liquidity, this way replacing all those nostro accounts by singles piles of XRP....
  8. He once said so, but never delivered any kind of proof that he did.... neither a name or whatever foundation to have a part of his holdings
  9. Either a sunday or a moonday
  10. GBP (£) To XRP - The Epic Challenge!

    Try www.cex.io
  11. How rich is Jed now?

    Until Jed “led captain” runs dry on XRP... From that moment the XLM markets will come to a less “manipulated” valuation... And also... price of XLM is one .... value is another
  12. Exactly. Also as a reserve to replace nostros in foreign currency, volatility will be flattened over the currency pairs as it will move in same direction for both sides of a pair
  13. Ripple vs Stellar Lumen

    There's only one thing that keeps up in development compared to Ripple >>>> XLM chart develops over the path of XRP chart as if it was a little dog on a leash...
  14. Ripple vs Stellar Lumen

    Doesn't make much sense to hold both. Metrics on Stellar mainly come from the amount XRP Jed can sell each week. The higher XRP volume/price the more "Jed led captain" can "reinvest" into Stellar. This way he's creating an artificial upswing that has a direct and tempered relation with XRP appreciation. Take care when Jed runs dry on XRP, you better be far away from his assets by than.
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