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Everything posted by wrongbenson

  1. They are in the UK during this interview (he also did interview with Fortune in London on same day - 07/25), so that's the reason he is using GBP as an example.
  2. Great article!! It looks like Oscar is really milking his interview with BG; this is his 2nd article in 2 days and he's done a great job. This should all be from his July 25th interview that Ripple had requested.
  3. No, the title of the article is misleading but accurate ; the title of the OP is straight out wrong with the omission of ", Blockchain Capital, others" I corrected that on twitter a few days ago but nobody actually reads the article for themselves or cares if it's accurate or not LOL.
  4. Yeah I agree that they don't want to hold XRP (unless it's basically given to them by Ripple) ; or at the least we're very far away from that. And liquidity would be the determining factor for those large transactions, but at the same time, the current known xRapid corridors (MXN, PHP) don't have that much volume / liquidity comparatively, and it works. Although that may be because those are small payments. I've also been wondering - why would banks even want to hold XRP even if they were allowed to in their regulatory environment? The only reason I could think of is so that instead of being exposed to price volatility for ~3 seconds, they can execute the buy and sell at exactly the same moment to be less exposed to volatility. ??
  5. Ah thanks for the education. Let's meetup on our yachts soon.
  6. I don't really agree with anybody that says that the price needs to be X in such and such scenario and therefore price will shoot up to X as soon as that scenario comes into play. To me, if that is true, that is a bad thing. That means to me that if the price doesn't appreciate to X, then the use-case wouldn't work and Ripple would fail for that use-case, and at current price, many use-cases would already be dead. I think the more important thing is liquidity and trade volume. If the price of XRP was $0.10 and trade volume was 100 billion USD a day, it'd be much healthier as a bridge currency than if XRP price was $589.00 but the trade volume was only $100,000.00 a day. Correct me if logic is wrong.
  7. https://www.bloomberg.com/news/videos/2019-07-29/ripple-s-senior-vp-on-the-u-s-senate-cryptocurrency-hearing-video July 29th, 2019, 7:37 PM EDT Monica Long, Ripple Senior VP of Marketing discusses the upcoming U.S. Senate hearing on cryptocurrency and how she expects to change lawmakers minds on the subject. She speaks with Emily Chang on "Bloomberg Technology." (Source: Bloomberg)
  8. https://fortune.com/2019/07/25/ripple-ceo-regulation-facebook-libra-trump-tweet/ Looks like Brad is London today, with this interview with Fortune in London today, and a scheduled interview with Oscar Williams-Grut as well from Yahoo Finance (see below). So in a span of a few days he's been on CNBC, Fox, Bloomberg (all of which were televised), and now Fortune, Yahoo.
  9. If you don't know what problem XRP is trying to solve, you're just trolling, or you haven't done any research - just watch any of the BG interviews, any of the Ripple insight videos, etc ; or even just watch a non Ripple/XRP related interview of these financial institutions (SWIFT, Western Union, banks, etc.) and their presidents, execs when they say they are looking into upgrading their dated legacy systems and acknowledge that they need to innovate or get left behind. Even if you're an XRP hater or Ripple hater, and you care even a little bit about the space and these issues, and these people that are positively affected by cheaper, faster, more reliable, trackable remittances, you should still be thanking Ripple and the XRP community. Even if XRP goes to 0 and Ripple goes bankrupt, the space has already been positively affected by Ripple, even at this early stage, and has really been a call to innovation (such as TIPS) and call to action for these institutions, and they're realizing that, with outside competition from fintechs, they can't keep exploiting people the way they have been without repercussion. Above is just one of many considerations that Ripple is trying to solve/address. Another obvious one that is related to above is liquidity when it comes to nostro/vostro accounts. And related to that is currency exposure / risk. And related to that is opening corridors to the unbanked, and to countries that FI's can't or don't want to deal with (such as areas of political instability, economic censorship, hyperinflation, etc.). And it goes on and on.
  10. Ryan Zagone is Director of Regulatory Relations at Ripple; As per Clyde Vanel, NYS Assemblyman and Chair of the Subcommittee on Internet and New Technologies: New York State Digital Currency Taskforce: Body consists of 13 members: 6 appointed by the Assembly and the Senate Joseph Lubin - co-founder Ethereum Project, founder ConsenSys Sandra Ro - CEO Global Blockchain Business Council Yaya Funusie - Chief Strategist Cryptocurrency AML Strategies LLC, Fellow at the Center on Economic and Financial Power (Foundation for Defense of Democracies) Yorke Rhodes - Co-founder Blockchain at Microsoft, Principal Program manager of Blockchain Engineering at Microsoft Azure Ryan Zagone - ! Aaron Wright - Co-founder OpenLaw, Law professor at Cardozo Law 7 appointed by Governor NYS first state to create digital currency / cryptocurrency taskforce to determine how to properly regulate for digital currency and blockchain technology
  11. Not sure if it deserves its own post, but this was posted an hour ago by Scooter Braun (meeting with BG): Posted an hour ago from President of Raised In Space... maybe they're getting ready to make an announcement?
  12. Great stuff from XRP Research Center on twitter on this topic:
  13. Link to video: https://video.foxbusiness.com/v/6061533037001/#sp=show-clips CNBC yesterday, and now Fox Business today! I wonder how long until he returns to Bloomberg now.
  14. That's the CEO, and he also tagged the CTO to look into running a validator
  15. They said they would look into it just yesterday, and today announced they are running their own validator:
  16. I really really really would love for that to be true, but that's a huge stretch to say Xoom is using Ripple. I mean seriously - even if the CEO of Deutsche bank came out and said on record that Xoom is a client of Ripple, what the heck is his credibility and what kind of insight does he have into Xoom's partnerships and operations? And even if true, who knows what capacity of client they are - such as if they simply did a pilot test at one point in time?
  17. https://www.cnbc.com/video/2019/07/18/ripple-ceo-on-libra-perhaps-some-silicon-valley-arrogance-with-cryptocurrency-rollout.html BG: "I agree with Secretary Mnuchin: In order for these technologies to be used well and be taken advantage of, it has to be done in a regulatory compliant way ; We can't expose more risk and, whether it's terrorism financing, whether it's money laundering - these are things that, from its core, Ripple really has been focused on making sure we're partnering with the existing system." "A surprise to me, for example, in the 28 groups that are signed on to the Libra whitepaper, you have zero banks. I think that's just a stark contrast to where we think this world should come from. There is a huge opportunity to change the way this world's financial systems work, that is very beneficial to consumers, businesses, etc. - but again it's not competing with the banks... you know, David Marcus came out when he announced Libra and said 'this spells the end of Western Union' - that was a huge call to action against banks around the world that had been watching big tech players that they're fearful are going to come into this space." He also goes on to compare Bitcoin, Ether and their control by Chinese miners vs. decentralized, open XRP ledger, and also how the US needs regulatory clarity in order to not get left behind by China and other countries.
  18. https://finance.yahoo.com/news/paypal-fires-ripple-killer-xoom-135739822.html July 18, 2019 - Yahoo Finance (via Decrypt) "This brings PayPal in line with international money remittance services, like TransferWise and MoneyGram who charge fees between $5-12 and $4-10 respectively. It also sets Xoom against blockchain-based rivals like Ripple. However, if it wants to compete with the likes of Ripple, it’s going to need to speed things up, and drop the price significantly. To send crypto blockchain-based transactions via Ripple takes less than a minute –as long as you have the right wallets in place before you initiate the transaction–and costs cents. Some have gone one better. Europe’s third largest bank Banco Santander is using Ripple technology (but not XRP) to facilitate cross-border payments on its One Pay FX app. On this platform, users are able to make same day transfers, for free. By eschewing the blockchain, PayPal’s latest innovation is already yesterday’s news."
  19. To me, that should be common sense. People's perception and sentiment is what drives the price; If Bank of America were to announce they were using xRapid the price of XRP would 100%, without any doubt, increase. If they were to use xRapid and not make an announcement, XRP price would probably be relatively unchanged. That is even more true for all other crypto about perception and sentiment - especially at this nascent stage where crypto is not mainstream and there isn't wide-spread real-world use.
  20. https://www.businessinsider.com/michelle-bond-ripple-sec-dodd-frank-2019-7
  21. https://www.forbes.com/sites/billybambrough/2019/07/07/new-ecb-boss-christine-lagarde-made-a-serious-bitcoin-warning/#5e2125f82ed9 The Forbes article quotes Mati Greenspan of eToro: "Several people have pointed out to me already is that the next ECB boss is incredibly crypto friendly," Mati Greenspan, senior market analyst at brokerage eToro wrote in a note to clients this week. "Indeed, Christine Lagarde who is set to replace Mario Draghi on 1 November is extremely pro digital assets." "Not bitcoin, of course, but she has advocated already for state-backed cryptocurrencies as well as settlement tokens like XRP and JPM coin. We can expect that someone so crypto friendly in such a position will be good for the industry as a whole."
  22. What a response from twitter! Above are various directors/execs at Ripple. Not to mention CEO, CFO, Strategy of Officer of binance, various pundits in crypto, CEOs, VC's, etc. Note that Michael Arrington of Arrington XRP Capital tweeted prior to announcement and seemed to have prior knowledge.
  23. ^^ As per CZ. Wonder what he is meaning when he says "and everyone else too". In my opinion, I agree it could be good for the relationship between one of the biggest exchanges and Ripple. At the least I think we're guaranteed XRP pairing from the get-go (which there already were on Binance); I think in terms of Ripple talent it's a great thing. If you look at Coley's LinkedIn, she was a FX advisor (support role) at Silicon Valley Bank, and before that in an un-titled position at Morgan Stanley. She moves to Ripple for 2 years and all of a sudden CEO in a big upcoming industry on potentially the biggest US exchange?? This is only good for Ripple and them being able to attract talent in the future and shows that they do wonders for a resume. I wouldn't expect Binance to use RippleNet or anything like that but it'll be good that the network and connections are there for future collaborations, even if it's just in the form of a summit or event. But who knows? Maybe this is Binance's response to Coinbase + Libra! CZ on Periscope 02/06/19: “We’re focused on launching more features right now, so we are working with a number of other partners. With xRapid, there’s nothing going on right now, but in the future we’ll definitely want to add them as a partner.” https://cointelegraph.com/news/binance-wants-to-add-ripples-xrapid-as-a-partner-in-future-cz-reveals
  24. https://medium.com/@BAM_Trading/binance-us-operator-bam-announces-former-ripple-executive-as-ceo-add491fb513 https://www.theblockcrypto.com/2019/07/02/ex-ripple-executive-catherine-coley-joins-binance-us-as-ceo/ https://www.coindesk.com/former-ripple-exec-to-lead-binances-us-expansion-as-new-exchange-ceo
  25. https://mobile.twitter.com/XrpCenter/status/1145841995388076033 I'm sure this will get posted elsewhere but not mine anyway (XRP Research Center) ; 3 takeaways from the SEC filing document; I don't think it's much more than we already knew but good to see the terms, especially specific to xRapid. 1. MoneyGram and subsidiaries will get access to Ripple Services for implementation and use of xRapid 2. MoneyGram obliged to use its commercially reasonable efforts to deploy the platform (xRapid) for such purpose 3. Key Corridors: EU and USA to and from MX and PHP.
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