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Everything posted by LilBender

  1. This spambot bores me Can someone rug him so that this nonsense can end? I have no powers here (Yet)
  2. It means that a financial institution looking to save millions of dollars with RippleNet couldn't care less if a wallet activation costs a few cents or a few thousand dollars
  3. XRP is meant for institutional use What it costs a speculator to create a wallet is not their concern
  4. I answered you in a post above The 20 XRP reserve is used to reduce network spam, it doesn't go to anyone, it stays in the wallet you made The reason XRP wallets can have tags is also to reduce network spam
  5. The 20XRP reserve is for reducing network spam, it doesn't go to anyone, it stays in the wallet
  6. It used to cost 50 XRP to activate a wallet, this was later revised to 20 XRP It can be revised further up on down if needed and the new rule will have to be approved through consensus, just like every rule that governs the XRPL In any case, XRP is aimed at institutions who couldn't care less about spending a few hundred or thousands to activate a wallet. You and me are speculators and not the target audience
  7. That's not how it reads, it says access to those two (And does not exclude any other) TAS is a documented RippleNet integrator and the TAS gateway allows access to SWIFT, Sia and RippleNet
  8. From personal experience, transfer within south east asia is not too complicated The THBEUR part is on RippleNet, we all know how fast and cheap this is Also from personal experience, SGDEUR on SWIFT is neither fast, nor cheap
  9. SCB is the first Multi-Hop partner to be announced, there are surely more to come Even if it's a sub-regional rail, doing an IDRTHB transaction and then using Multi-Hop to do a THBEUR transaction will be cheaper and faster than doing an IDREUR transaction using SWIFT (Which in reality is an IDRSGD regional rail and an SGDEUR SWIFT transaction)
  10. This is why I said they can leverage on a Multi Hop partner
  11. Actually, those are the primary customers of Ripple If a small community bank only does a handful of transactions, they still need to be a paid up member of SWIFT (With implementationa nd licensing fee) AND pay through the nose to the correspondence banks. However, if they have a local rail to a RippleNet member, they can utilize MultiHop and if their transactions scale up, become a RippleNet member themselves I foresee a lot of tiny South East Asian banks leveraging exactly this with Siam Commercial Bank in the near future
  12. As far as I know, banks pay a license fee for SWIFT and a per transaction cost to correspondence banks There is no forseeable way SWIFT will prove operationally cheaper than RippleNet
  13. Banks already have multiple rails for multiple purposes. e.g. SEPA and SWIFT It's not new to them, but yes, if there are two competing international rails and one is cheaper and faster, it's very likely they will choose to go with that one
  14. As many have said before, the TIPS system is designed initially to only settle EUR-EUR transactions, but will be expanded to other currencies in the EU. Here, XRP will have a use case Even within the Eurozone, pre-funding is necessary as many have explained before. Just because the settlement is in the same currency does't mean it is straightforward Furthermore, one needs to look beyond the EU to see why this is an opportunity for banks. What if by 2022 the majority of banks in MEA and APAC are on RippleNet (In addition to SWIFT)? Why should the European banks choose to use the slower, more expensive option to send money to these regions?
  15. People act as if XRP is the only crypto with sell pressure The reality is, every crypto has sell pressure, XRP is the only one where this is documented and verifiable. Does anyone know how many BTC Bitmain unload into the market per month? XRP is less volatile than most because of more efficient market making. That is all there is to it
  16. Very few C level execs handle their own social media profiles It's almost always thrown to a social media agency who has a loose content calendar populated by some lowly paid intern. I would be surprised if Kitao even knew the name of the agency
  17. His exact quote was that when SBI VC launches, they will be the no1 exchange in Japan in the blink of an eye. Nothing to do with XRP Anyone who has done enough research on SBI VC will know by now that the infrastructure they have put together is impressive
  18. whoever managing his social media account retweeted some random article Why is this urban legend refusing to die?
  19. Wanna come back to the Zerpening, @GuessWho?
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