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googie

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  1. COVID 19 has had an impact on remittance payments - they're forecast to drop in volume but the fees are still to high. Remittances are still key to getting some countries economies kick started again post COVID, and governments are pushing countries to explore alternative solutions to making remittances cheaper (potentially good for Ripple). Lot's of good info in this doc (which is basically a NIUM (Ripple customer) promotional leaflet) https://www.pymnts.com/wp-content/uploads/2020/06/PYMNTS-June-2020-Smarter-Payments-Tracker.pdf Although the news from Ripple regarding ODL seems concerning, I'm hoping that they are changing focus in light of COVID 19. Another observation is that ODL has dropped significantly yet XRP price is still around 0.20 c (which may worryingly prove that current ODL volumes, whether $2M a day or $20M a day have no impact on price).
  2. If nothing else it proves Ripple monitor this forum and social media. Everyone clocks ODL volume dropping and panics, Ripple react with some PR fluff.
  3. Volume is way down for a Monday on Bistamp (ODL enabled exchange). Typically about $140M, sitting at $26M today. Interestingly price is fairly stable...
  4. Can't for the life of me find the tweet, someone asked if they were still using ODL, they confirmed they were and had some big news coming in that area (or words to that effect). I work in IT and this smells like a "weekend system upgrade followed by a go-live with a phased ramp up to production volumes". Of course I could be wrong and everyone just decided not to use ODL on Monday across all corridors
  5. GBP ODL corridor recently live, Moneygram hints at some announcement. Something happening in the background, some technical upgrade I'm guessing.
  6. I seem to remember Worldline being a Ripple partner but cannot find any confirmation... https://www.finextra.com/pressarticle/82770/bnp-paribas-fortis-chooses-worldline-for-contact-service
  7. Fully live later today, but some optimistic offers on there already https://www.bitstamp.net/markets/xrp/gbp/
  8. https://eng.ambcrypto.com/ripplenet-member-nium-expands-into-china-with-latest-partnership/ Also endorsed by Ajeesh Sadanand (CTO, Director at SBI Ripple Asia)...
  9. Interview with Christine Lagarde on the BIS (Bank for International Settlements) website discussing what measures the ECB (European Central Bank) has for stimulating the economy in the wake of the COVID19 pandemic. Having discussed a 750BN asset buying programme, she is then asked what additional options exist: "Are other options available to you if the situation gets worse? Yes, but I won't tell you what they are, because - let's face it - their impact will partly rely on an element of surprise. But I can assure you: there are no limits to our commitment to the euro area. The ECB will be able to develop its tools and use them in the most appropriate way to fulfil its mandate." What "surprise" measure could the ECB have that, once announced would have a huge positive impact on the economy? Maybe the use of a certain digital asset and its anticipated increase in value if it was adopted by the ECB? And we all know how well Brad gets along with Christine and the BIS... https://www.bis.org/review/r200414a.htm Discuss...
  10. With 9 currencies (AUD, MXN, PHP, EUR, USD, JPY, KRW, THB) there's theoretically 36 permutations. I'm assuming Utility Scan just shows those where there's a recorded transaction. Gonna need a bigger graph
  11. I'll try and bring some positivity in the current climate - lots of corridors open now..
  12. ODL volumes way down recently - anyone got any thoughts as to why? Is something happening behind the scenes? Has ODL functionality been scaled back whilst something new is being implemented (new corridor maybe?) All just speculation on my behalf..
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