Jump to content


Bronze Member
  • Content Count

  • Joined

  • Last visited


About King34Maine

  • Rank

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. Well, then every blockchain platform should put a hold on the distribution of their particular crypto holdings as well then bc by your reasoning it's all suspect via clandestine motivations. The only way the public knows about Ripple's XRP sales and holdings it because they allow us visibility despite them being a PRIVATE company. It's called being open and candid when they don't really have to be. How many other fintech, blockchain/DLT platforms/companies offer this level of transparency???
  2. If it's adoption relating to the utilization of XRP/xRapid the issue isn't Ripple but a lack of a global regulatory framework between countries to dictate the rules of the road for how digital assets/tokens can operate internationally etc. I don't understand why ppl act so surprised when this report comes out and there isn't much news in the way of xRapid adoption etc. Let's just use common damn sense here!! Ripple's primary and singular goal is to have its DLT derived platform be the premier international cross-border/remittance solution utilized globally. The keyword here is INTERNATIONAL. Well, let's see now, what has been the greatest impediment to the use of digital assets/token? Bingo, you guessed correctly, REGULATIONS!!! Banks and FIs are not going to risk the ire of regulators until they have clarity and certainty on how they can utilize/incorporate digital assets into their daily international transactions both in their base countries and those abroad. Hopefully, by the end of summer going into fall, we will see more xRapid corridors put into play.
  3. DFS Labs, also supported by Gates Foundation, is helping fintech start-ups in Africa leverage the utility of Mojaloop. DFS Labs wrote a pretty good synopsis about Mojaloop on their Medium webpage as well.
  4. I think it will be a bridge to "use xRapid to pay into and out of the hub's partner banks." Although not confirmed yet, I expect that SCB could act as a "Hub" similar to a correspondent bank like JPM.
  5. You're like a cockroach that won't go away!!!! Seems like the only time you rear your little head is to reply to one of your lackey's poorly veiled and unsubstantiated posts. I'm going follow in the steps of CZ, let's delist @MemberBerry and @pvap from XRPChat!!!!
  6. I've been hearing a lot about decentralized cloud computing platforms and just started looking into Dfinity and i.Exec projects. Both have some serious VC investors and partnerships.
  7. I guess what he alluding to is the fact that Ripple is not the exclusive partner for TATA. They could very well partner with IBM-WW as a gateway provider. That quote says "to connect to newer DLT based payment infrastructures (like RIppleNet) for processing of Cross border FX remittance transactions."
  8. Don't let others silence you!! We love rigorous debate on this forum even though we can come across a bit blunt from time to time. However, the worst thing you can do is not defend your own opinions.
  9. Competition is good and to be expected in this space. We shouldn't expect that Ripple will be the only player on the field. While other platforms will come onto the cross-border/remittance scene no other platform has the partnerships, the rigorously tested platform (RippleNet), or the governance structure/body (RippleNet Committee) that Ripple has. This international governing body, comprised of some of the largest multinational banks (MUFG, BAML, RBC, Santander, Standard Chartered, & Westpak), have been developing a new set of rules and standards (03:03:58 - 03:05:25) for all RippleNet participants as Marcus Treacher discusses in this clip. This level of international collaboration is unique only to Ripple. As Marcus says this is the first alternative consensus for international cross-border payments/remittances since the creation of the cooperative known as SWIFT back in the 70s. It is this level of buy-in and commitment from the international financial community for Ripple that all other fintech platforms just simply don't have and can't replicate. Ripple knew that the most obvious killer app for blockchain/DLT technology was around cross-border payments/remittances hence their complete and utter focus on this specific use-case and why they reluctantly decided to put their smart contract platform, Codius, on hold back in 2015. The more banks and FIs that Ripple brings on-board, serve as more nails in the coffin for their would-be competitors. As RippleNet market share grows the network becomes more and more valuable. The convenience of banks and FIs being able to seamlessly connect to one another on a common network quickly and cost-effectively make it that much harder for others not to come on board. This ability for banks and FIs to connect to each other via a central platform without having to build separate connections is what gives SWIFT so much power and influence despite being expensive, error-prone, and subject to hacks, etc. So, in my opinion, the burden and pressure to get a working and battle-tested platform with sound governance onto the market should not be levied at Ripple, but to their competitors who have this short "window of opportunity to succeed." All-in-all, I think Ripple is light-years ahead of anyone even the likes of IBM. Their decision to go all in on streamlining this 177 trillion dollar industry back in 2015 has paid off big time.
  10. He says this now because: 1. Binance is kicking Coinbase's ass. 2. He greatly underestimated other digital assets and tokens. In his severely warped utopian world only BTC, ETH, and a few ERC-20 tokes were legitimate.
  11. It's obvious you don't understand the life-cycle of how financial transactions/money transfers are settled. Money transfer platforms like Western Union, MoneyGram, Transferwise, Venmo, Zelle, etc. only seem quick to the end user because these companies utilize pre-funded Nostro/Vostro accounts set-up with various banks all across the world that allows them to pay-out immediately to the end-user. However, the plumbing or legacy financial rails that orchestrate these transfers still take days to settle and finalize each transaction. Basically, what these money transfer platforms are essentially doing is extending you an immediate line of credit since you have already paid for the transfer. You are under the mistaken impression that once you pay for a money transfer that the settlement is immediate just because you get your cash instantly, however, that is not the case. The only thing these companies have done is just "put lipstick on a pig" as the saying goes. The settlement of these transfers still have to propagate through the various clearinghouses like FedWire/ACH here in the US, SEPA/CHIPS, etc if in Europe, or SWIFT + correspondent banks if sending international transactions. These clearinghouses and correspondent banking process take time to process and are extremely costly, which is why it costs so much to transfer money from point A to point B. What Ripple is trying to do is tackle the root issue/problem at the infrastructure or settlement layer providing immediate settlement of each transaction. I don't have time to fully go into details about each of Ripple's products (xCurrent, xVia, & xRapid), but you can read Ripple's overview of "The ROI of Using Ripple and XRP for Global Interbank Settlements" utilizing their solutions to help give you some context.
  • Create New...