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ADingoAteMyXRP

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  1. Statistically speaking you’d probably all get the same STD. But honestly this is great news. If nothing else, connectivity evens the payments playing field, and XRP thrives on an even playing field. A rising tide lifts all boats.
  2. EDIT: This is old news! Still relevant though. The experimental stablecoin project from Citibank has just been abandoned. I think we all know (or hope we know) why: https://www.coindesk.com/citi-scraps-its-plan-for-a-jpm-coin-like-bank-backed-cryptocurrency That’s according to Citi’s current innovation lab chief, Gulru Atak, global head of innovation for treasury and trade solutions. Regarding the crypto experiments of her predecessors, shetold CoinDesk: “Based on our learnings from that experiment we actually decided to make meaningful improvements in the existing rails by leveraging the payments ecosystem and within that ecosystem, we are considering the fintechs as well or the regulators around the world as well, including SWIFT.” Taking a measured step back, Atak said when it comes to improving cross-border payments, the bank is looking at effective methods but with a shorter-term impact. “We are trying to make those changes today, rather than just putting all our efforts into future technology,” she said. After all, to completely change a cross-border payment network with blockchain-enabled technology, one would have to on-board all the world’s banks...
  3. I love that there are other businesses validating the xRapid use case. But to be clear, IBM is not pushing Lumens here. They're pushing a stablecoin they built in partnership with Stellar and Stronghold. Do they permit customers to transact with Lumens? Looks like it. But from early on their focus has been on a stablecoin. They're missing the point.
  4. Fast / cheap / highly liquid... all roads lead to XRP.
  5. "Two financial institutions transacting together agree to use a stable coin, central bank digital currency or other digital asset as the bridge asset between any two fiat currencies. The digital asset facilitates the trade and supplies important settlement instructions.*"
  6. Uses a STABLECOIN. Nothing to see here. You need liquidity to go from an untraded illiquid stablecoin to a fiat asset. XRP will outperform this in the short term. Longterm? The idea of a stablecoin will be laughable.
  7. “What do we do with the weird stablecoin from IBM?” “I don’t know... trade it for USD?” “Where?” “Who knows. Ask IBM.” ”Hey IBM where can I trade this for USD?” ”Oh, we’ll give you USD for it!” ”Cool! Here’s your coin back.” ”Great. Expect your USD in 3-5 business days.” ”Uhhh...”
  8. Thanks for correcting me! I was completely wrong. It sounds like Ripple themselves are not actively working on Cobalt, but Ethan's team hopes to have it done "ASAP," possibly in 2019 (but not guaranteed).
  9. Hm... that’s odd, since it is the SAME research paper dated 2/20/18: https://arxiv.org/abs/1802.07242 EDIT: I'm wrong! It's not the same paper.
  10. The only eyebrow raise I have... David seems pretty confident as of late that layer-one scalability is still an ongoing issue in blockchain without an immediate solution. So even if Cobalt is launching it may not be a magic bullet for throughput.
  11. I would also love links. About a month ago, Ethan did tweet that the 2014 consensus algorithm had been deprecated, replaced by the Cobalt white paper. But I’m not sure what the timeline looks like for developing and QAing the new protocol:
  12. I'm not a fan of either logo, TBH. The XRP one looks like it belongs in a sci-fi novel. But the Stellar one is definitely worse.
  13. Since banks tend to specialize in client-facing financial solutions, my guess is the version of events where Mark and Mak are straddling either side of the market has a pretty short shelf-life... As long as XRP volatility risk is outweighed by the extra transaction fees, could Bank A and Bank B profit more by simply holding a percentage of their liquid capital in XRP?
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