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googie

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  1. So looks like trials were a success and they're looking to go live in March 2020. I may be reading too much into this but that would suggest nearly 80% of Italian banks are using R3 (which has the option to use XRP for settlement) https://cointelegraph.com/news/italian-banks-successfully-test-data-reconciliation-via-blockchain
  2. I agree there's been a noticeable increase in positive press in the last few weeks (appearances by Brad, Finastra, Xpring, Algrim, Santander @ Economic Club of NY, interviews, podcasts etc.) All feels very choreographed. Considering Ripple themselves describe Swell as their keynote event, they must be aware of the expectation around it. Makes you wonder what they're going to pull out of the bag. If it's not something major then I suspect some retail investors may cut their losses having seen 2 years of diminishing returns.
  3. Based on a number of comments I've seen I'm coming round to thinking that Ripple could be working or planning on working with SWIFT. SWIFT has the network and reach, Ripple solves the liquidity issue. Would make perfect sense. Maybe Ripple has realised it will struggle to get existing SWIFT users to move to Ripplenet and has changed its focus. Their talking more about their liquidity solution now. https://www.gtreview.com/news/fintech/ripple-we-are-not-replacing-swift/
  4. https://www.finextra.com/pressarticle/79965/national-bank-of-canada-adopts-cgis-payments-platform CGI All Payments already integrated with Ripple network... https://www.cgi.com/sites/default/files/2019-06/cgi-all-payments-brochure.pdf
  5. SIBOS is a SWIFT event - no way is Ripple announcing anything, wouldn't be "good form". If you look at the agenda the whole event is a PR exercise for SWIFT justifying why they need to exist, and pushing GPI. https://www.sibos.com/conference/sessions Any discussion of cross border payments is further proof they're worried by Ripple, and are basically pushing GPI as the future.
  6. I think there's some truth in that (tinfoil hat is fully on). Ripple may not want to admit it but liquidity is the issue and it needs to be built slowly.They don't want prices to shoot up overnight. If, for example, Mastercard said tomorrow, "we are definitely going to use XRP for all settlement on our shiny new system", there'd be a mad rush of people buying XRP. Price goes up. People then take profits and sell. Price goes down. XRP then looks like a volatile asset, investors stay away. Media cries "scam" and Ripple have a problem.
  7. SIBOS is an event organised by SWIFT - even if Ripple are attending it is highly unlikely (and would be particularly bad form) if Ripple would make any kind of announcement. If Ripple are going to announce anything, they are more likely to do it at their event (Swell) in November. I think we need to recognise that: 1. Ripple "announcements" will have no impact on the price of XRP - Moneygram for example was a significant partnership and did nothing. 2. It is not in Ripple's interest for any announcement to have an impact on the price of XRP - it suggests they have an element of control over the price.
  8. The document published yesterday makes reference to an existing private sector RTGS without specifically naming it - does anyone know which / whose RTGS? https://www.federalreserve.gov/newsevents/pressreleases/files/other20190805a1.pdf
  9. Genuine question here and not trying to start a fight- if that's the case, why is it available to retail investors at all then? Why not just sell it OTC to institutions and then let them determine what it's worth?
  10. Agree with all of this - XRP price needs to be higher to facilitate bigger transfers. Whilst liquidity is low they can really only target high volume, low value transfers. What I'm not sure about is how low the price has to be for the "out" leg of the transfer (the sell at the other end). For XRP to work there has to be a demand for it as well - if it's too "expensive" people wont buy it.
  11. If you really want your mind blown regarding how small a world it is, check out Barry Silbert's Digital Currency Group and their portfolio (including Ripple), this guy basically runs crypto https://dcg.co/who-we-are/ https://dcg.co/portfolio/
  12. So following the breadcrumbs, HSBC selects CGI for their Trade360 product which is focused on trade finance: https://www.cgi.com/en/banking-capital-markets/corporate-transaction-banking/trade-finance CGI has been working with Ripple since 2015: https://www.cgi.com/en/Ripple-agreement-extends-CGI-payments-solutions-portfolio HSBC does $740bn annually in trade finance (pg 6) and has fingers in many DLT pies (pg18) https://www.hsbc.com/-/files/hsbc/investors/investing-in-hsbc/investor-events-and-presentations/2019/190318-global-trade-and-receivables-finance-presentation.pdf I can see some other Ripple partners in that slide (MUFG, R3, Standard Chartered...) yuuuge...
  13. You're absolutely right, thanks, I will. Bye.
  14. Sometimes wonder why I put myself through this....
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