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  1. 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
  2. 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?
  3. 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.
  4. 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/
  5. 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...
  6. You're absolutely right, thanks, I will. Bye.
  7. Sometimes wonder why I put myself through this....
  8. Must have missed the memo where we all buy Bitcoin cash.. This is why there is no institutional adoption - would you touch this if you were a big bank? No chance.
  9. Couple of thoughts I've had and this seems as good a place as any to share them: Ripple cannot be seen in any way to have any control over the price of XRP so are going to be hands off in that respect However, there are benefits in the price of XRP being higher as you need less XRP to transfer larger amounts of value (avoiding issues with moving the market with huge buys and sells and slippage) There is a psychological barrier to deal with if the asset you're using to make cross border payment fluctuates wildly in value - I know you only need to hold it momentarily whilst making the transfer but nobody is going to touch it if changes massively in value on a daily basis - at a lower price, the % change in value is more significant, another reason why Ripple would want the price to be higher For XRP to be successful, Ripple need to create an ongoing and constant demand for it. It only works for cross border transfers when there is a buyer at the other end (someone with fiat who wants to exchange it for XRP because they need it or want to hold it). This needs to be continuous and ongoing. If there is no compelling reason to hold XRP then it will fail as a project. This unfortunately presents a chicken and egg scenario - the price of XRP will only increase if there is an increasing demand for it, but unless the price increases, there won't be any demand for it. Put all that together and what do you have? Setting aside conspiracy theories, bots, manipulation and whales, Ripple ultimately need the price of XRP to increase slowly and gradually over time. I guess thats what they're attempting to do with Coil / Xpring etc but I've come to the conclusion that XRP is not going to "moon" overnight. It would be the worst thing that could happen for institutional, wide scale adoption.
  10. Think we may all have to re-evaluate our timescales for "wen moon". Volume has effectively tripled overnight with no significant impact on price. I'm aware CoinmarketCap has issues with accuracy of reporting volumes, and everybody is waiting for actual "utility" to shift the price, but on these numbers the utility volume will need to be significant to have any impact at all.
  11. No mention of Ripple / XRP specifically (mods please move if in wrong forum) but it would be interesting to see what technology they're using to enable this: https://pay.amazon.com/uk/blog/simplify-cross-border-selling-with-multi-currency?utm_medium=organic_social&utm_source=twitter&utm_campaign=blog&utm_term=product&utm_content=multicurrency&ref=tsm_1_tw_s__2144457008&linkId=63779675
  12. Was just going to post this in a separate thread but this may help - keep the faith, it's real, it's happening, it just unfortunately may take some time: https://www.accenture.com/t20181030T101039Z__w__/us-en/_acnmedia/PDF-23/Accenture-Banking-Real-time-Cross-Border-Payments.pdf
  13. So Visa and Mastercard are now in a bidding war (with MC offering £233M in cash!) over a "failing" Real Time Remittance company that is a Ripple customer and counts BofA, HSBC, WU and AMEX as its clients? Nothing to see here, probably bad news https://www.americanbanker.com/news/real-time-remittances-in-play-for-earthport-with-ripple-labs-deal
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