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XRPfan1013

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  1. Yes, I completely agree and the U.S. government sure as hell doesn't even want that to be a possibility. RippleNet will not be a standalone entity like SWIFT. RippleNet is what SWIFT is missing through their outdated infrastructure that takes days to move cross border payments. I would compare RippleNet to a computer processor. A processor, or "microprocessor," is a small chip that resides in computers and other electronic devices. Its basic job is to receive input and provide the appropriate output. While this may seem like a simple task, modern processors can handle trillions of calculations per second.
  2. I think this theory makes a lot of sense and seems to be a direction where both SWIFT and Ripple can coexist.The U.S. uses SWIFT to enforce sanctions and uses it as leverage for various other political reasons and they definitely will not want to lose control of that. I find it interesting too how often Ripple references the word "Rails" when describing the outdated payment infrastructure used currently. Rails would seem to indicate the underlying settlement infrastructure banks use in conjunction with the SWIFT messaging system. Companies, SWIFT, and Government entities will build the outer shell of the messaging system which is then in turn is powered by RippleNet (xRapid). It seems as though Ripple is building the rails (RippleNet) for trains (Corporations, SWIFT, Government Entities) to operate on. https://ripple.com/insights/ripple-ceo-money20-20-europe-blockchain-hype-outpaces-reality/ Garlinghouse explained. “If you can reset the rail – the base layer – you can really unlock innovation.” In this way, Ripple is just an enabler, a new base layer on which others can build. “As a society, we are relying on rails built 50 years ago to enable cross-border transactions,” said Garlinghouse
  3. I know you guys are most likely tired of hearing about the SWIFT and Ripple partnership rumors but I found some pretty interesting relationships between the two noted below. What it seems like is that SWIFT GPI is very similar to Ripple's xCurrent and provides faster and more efficient messaging between financial institutions or corporations. Essentially, a bank would most likely prefer to stay SWIFT GPI due to the minor differences between GPI and xCurrent and the larger network SWIFT has. However, the thing that SWIFT GPI can't do is provide real time cross border payments using a digital/bridge asset that eliminates the need for liquidity pools. It seems like SWIFT knows that they cannot accomplish this feat and have settled on matching Ripple xCurrent as best they could. I came across some articles noted below which appears to show SWIFT's interest in developing relationships with new technologies like Distributed Ledger Technology (Ripple). Additionally, it appears that Ripple still has a lot of work to do in developing their xRapid platform and has still in the first few miles of the marathon. By integrating Ripple's technology with SWIFT GPI (which supposedly can happen or use of multi-hop) would significantly accelerate xRapid real case use. If you look at the 34 participants in SWIFT's PoC Implementation: One of the industry's largest ever blockchain initiatives it is interesting to note the ones that have already partnered with Ripple. Why if they have committed to using Ripple software would they be wasting their time in this initiative? Lastly, the United States uses SWIFT to administer and enforce economic and trade sanctions on various countries therefore I feel the U.S. will push for a SWIFT/Ripple integration to they can maintain control. https://www.swift.com/resource/swift-gpi-brochure https://www.swift.com/news-events/news/swift-completes-landmark-dlt-proof-of-concept https://www.gtreview.com/news/fintech/ripple-dismisses-marginal-improvement-of-swift-gpi/ "We are already working on new PoCs and will continue our R&D efforts to ensure that SWIFT customers will be able to leverage their existing SWIFT infrastructure and connectivity to benefit from blockchain services, whether offered by SWIFT or by third parties, on a secure and trusted platform.” (SWIFT March 2018)
  4. I feel that this is a signs of good things to come and definitely shows the overall cryptomarket is moving in the right direction especially when you have a University with the second highest endowment in the country investing $400 million into a crypto fund. Investors and other institutions will take notice and hopefully entices others to begin investing in the cryptomarket. It looks like once the exchange BAAKT gets going and Coinbase Custody can securely hold and protect an institution's assets the sky is the limit.
  5. https://tokentops.com/news/money-tap-launches-their-site-what-it-means-for-xrp-ripple-news-september/ Momentum and companies are starting to come out of the word works! Will be interesting to learn more whether XRP will be used in this app and others to come. Utility is the only thing that is going to drive price upwards. Then Utility will then create FOMO to further increase the price.
  6. I understand how the logistics/technology of how wash trading works. The real question is why all of a sudden is this happening? With Ripple targeting the China market is seems that the timing is no coincidence and we could see demand originating from a new pair (ahem - XRP/ZB) to help drive demand. https://www.cnbc.com/2018/08/15/ripple-targeting-china-with-blockchain-based-payments-tech-exec-says.html
  7. Even if it is actually washtrading it still drawing interest to the currency pair of XRP/ZB which in turn could have a positive effect in the long run. It doesn't makes sense how the volume came out of no where.
  8. https://www.cryptocompare.com/coins/xrp/analysis/ZB https://www.cnbc.com/2018/08/15/ripple-targeting-china-with-blockchain-based-payments-tech-exec-says.html If the ZB exchange launched XRP last November where was the volume previously? Judging by the recent charts above there appears to be a significant increase in volume of XRP paired with ZB. The Chinese were the early adopters of Bitcoin. It looks like this shift in volume with the XRP/ZB pair shows they are showing significant interest this past month. Also, I love seeing that pie chart becoming more and more evenly distributed across different currency pairs! Good things to come! It's looks like the Chinese are beginning to gain more interest in XRP based upon Ripple's potential entry into their market.
  9. https://www.forbes.com/sites/astanley/2018/08/31/bitcoin-to-96000-xrp-to-0-01-by-2023-ico-advisor-satis-group-estimates/#75794a9b1490 Alright everyone time to sell we are going to $ .01 by 2023 LOL. This quote kills me "Little value in XRP and cryptoassets which are misleadingly marketed, not needed within their own network, and have centralized ownership/validation.” How can a so called advisory group stand behind that statement? Would love to know what actual ICO's Satis Group has worked on considering no other digital asset has utility like XRP. The only reason I found this interesting was that Forbes published this and is a credible source to many people who don't do their own research.
  10. http://fortune.com/longform/nyse-owner-bitcoin-exchange-startup/ https://blog.coinbase.com/coinbase-custody-is-exploring-a-range-of-new-assets-e700496844be Will Coinbase Custody be providing custodial services to BAAKT? It is interesting to note the connection between these two companies and what the potential future hold in the coming months! It looks like Coinbase could be changing their business model to cater to custodial services by limiting their exposure to coin offerings due to the competitive nature of exchanges that is forthcoming. Additionally, custodial banks are very hesitant to enter the space because of regulatory uncertainty which puts Coinbase in a position to capitalize on the initial influx of potential institutional clients entering the market. By offering XRP in their custody services is that an indication XRP will be listed on BAAKT? It doesn't seem like it was a coincidence BAAKT was one of Brad's main talking points during his AMA yesterday.
  11. I highly recommend this video by Lee Reiners, CFA who is the Executive Director, Global Financial Markets Center at Duke University School of Law. He discusses why it is so difficult to create new regulations for Fintech companies and uses Ripple as an example. This provides insight into why regulations especially in the U.S. are so slow to develop. Ripple knows what they are doing and in time will come out on top. There may be a pop up that comes up but you can just X out and the video will continue. https://www.coursera.org/lecture/fintechlawandpolicy/decentralized-payments-xuR8j Overview - “Being a successful FinTech firm requires more than just great technology; it also requires an understanding of the laws and regulations applicable to your business. This course will provide you with that understanding. You will learn about the critical legal, regulatory, and policy issues associated with cryptocurrencies, initial coin offerings, online lending, new payments and wealth management technologies, and financial account aggregators. In addition, you will learn how regulatory agencies in the U.S. are continually adjusting to the emergence of new financial technologies and how one specific agency has proposed a path for FinTech firms to become regulated banks.”
  12. It will be interesting to see if there is a significant increase for the JPY fiat pair when SBI VC launches and onboards their customers in the coming months. Also, this shows how regulation helps mature market and gains the confidence of new investors to invest in XRP or any crypto for that matter. Good things to come!
  13. https://fasterpaymentstaskforce.org/wp-content/uploads/ripple-vs.pdf Attached is Ripple’s proposal to The Faster Payment Task Force that gives the best explaination I have found of Ripple’s vison and product line. Seems like Ripple might just be what they are looking for! ? Please note this is from February 2017 but I did not see it on site! ”In early 2016 the task force solicited proposals for end-to-end faster payments solutions that could address the need for fast, safe, ubiquitous payments. Seeking to address potential conflicts of interest, as well as concerns that all task force participants might not be qualified to assess the proposals, the task force recommended establishing an external Qualified Independent Assessment Team (QIAT) to conduct objective proposal assessments. On behalf of the task force, the Federal Reserve selected McKinsey & Company to conduct a comprehensive assessment of each solution against the task force’s Effectiveness Criteria. Rather than ranking proposals or endorsing any particular solution(s), the assessment process was designed to make all solutions better by enabling each of the proposers to iteratively refine and improve their proposals.”
  14. Monetary Policy in the Digital Age - Crypto assets may one day reduce demand for central bank money (June 2018) Written by Dong He (Deputy Director of the Monetary and Capital Markets Department (MCM) of the International Monetary Fund) The article does not specifically mention Ripple but discusses their technology and use case! Additionally, it states "...some crypto assets will eventually be more widely adopted and fulfill more functions of money in some regions or private e-commerce network", which is exactly what Ripple is doing.! https://www.imf.org/external/pubs/ft/fandd/2018/06/central-bank-monetary-policy-and-cryptocurrencies/he.pdf
  15. I believe this is good news for XRP. The investigations sheds a bad light on BTC for potential market manipulation therefore investors (institutional and retail) will lose trust in it.
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