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GrayFox

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About GrayFox

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  1. Just retail investors losing hope. Nothing new to be honest. The same thing can be said about most retail investors on this side of the hemisphere chasing pumps. It's the nature of the beast and the stock market has been doing the same since the 1920s leading to the stock market crash and the great depression. Chasing short term gains and missing the long term picture is akin to not seeing the forrest for the trees. My entire portfolio has been shot to hell, crying myself to sleep but still holding on lol.
  2. I always thought Ripple needed to start small and go big. Wasn't that the main point they kept harping about previously? Why are people losing faith when they announce their intentions. It was a bad idea to go after the high value/low volume payments. They were taking on the incumbents that profit the most from high transaction fees so why would these incumbents give up their monopoly and a source of revenue? They might adopt RippleNet but they won't adopt ODL in the promise of lower fees because those fees tend to be paid by SMEs. What Ripple is essentially doing is going after a considerable chunk of the pie and that is the SME and remittances market. Whether that is Consumer 2 Business or B2B or B2C. Ripple are positioning themselves to be the gateway for SMEs to avoid bank transfers which have a higher fees and longer settlement times which can make a difference for quick turnovers in the supply chain. Here's some stuff worth reading in order to understand their plans: 1- SME Digital PaymentsNew opportunities to optimise The Paytech Revolution Series | 2018: https://www2.deloitte.com/content/dam/Deloitte/au/Documents/financial-services/deloitte-au-fs-sme-digital-payments-270218.pdf 2- Insights into PaymentsB2B Payments and Fintech Guide 2019: https://www.europeanpaymentscouncil.eu/sites/default/files/inline-files/B2B Payments and Fintech Guide 2019 - Innovations in the Way Businesses Transact.pdf 3- Why every scaling B2B business should avoid bank transfer: https://gocardless.com/guides/posts/b2b-business-avoid-bank-transfer/ 4- Global Payments Report 2019: Amid sustained growth, accelerating challenges demand bold actions: https://www.mckinsey.com/~/media/mckinsey/industries/financial services/our insights/tracking the sources of robust payments growth mckinsey global payments map/global-payments-report-2019-amid-sustained-growth-vf.ashx 5- UK SME Data, Stats & Charts: https://www.merchantsavvy.co.uk/uk-sme-data-stats-charts/
  3. Yes! what I was thinkig with that Visa vs Mastercard bidding war. It does also hark back to Brad's statement saying there's going to be a lot more consolidation coming. Since Mastercard lost to Visa, they've gone on a shopping spree acquiring several companies since. Whether WU buys MG or not, I doubt they'll stop as their business model is at risk and their digital footprint is almost non-existent. With MG, at the end of the day its down to the shareholders to accept any deals. I hope they don't capitulate and give up because of the share price tanking for years.
  4. It's better to buy them then letting someone else buy them. If someone else buys them then that keeps MG in the game competing against WU. If WU buys them then not only does this eliminate competition but WU can absorb the good parts that MG has been investing in recent times and that's the digital front. This is what WU lacks and is falling behind against its peers. MG on the otherhand has been investing heavily in their digital front where they saw a lot more growth then the rest of their business. It makes sense for WU to buy a dying MG because each have what the other lacks. Edit: By this I also mean where MG is in debt but WU is cash rich. Will this deal happen though? Probably not. If WU has made an offer then there's probably other suitors out their who have also made offers.
  5. Dear lord, Mr Kitao needs to stop. If Ripple switches game and instead of going after banks, they go straight to the source of transaction and that is SMEs and large enterprises then that's another fight the banks would need to contend with as they are already losing badly against challenger and digital banks. Note to self: time to sell my shares in banks and buy more zerps.
  6. I don't think the future is geared towards 1 party solution. Interoperability is key to encourage competition and market resilience. Correspondent banking relationships have been in decline for over 10 years now as more and more banks are derisking. There's no chance in this life or the next where 1 company will monopolise cross border payments. SWIFT is huge but even they don't have a definite monopoly.
  7. That would definitely be an interesting relationship as it would cover an extensive portfolio of use cases.
  8. SWIFT have really shot themselves in the foot here. Many of the financial institutions were on track to migrate to ISO 20022. There is money spent and roadmaps that have taken months to plan only for SWIFT to make a U-turn just so that everyone can get on the same page a year later. On the bright side, SWIFT is continuing to show its incompetence. The Bank of England for example has an ISO 20022 migration plan for UK financial institutions in line with their RTGS renewal, I wonder how pissed off are they right now.
  9. He did it as a joke. Nothing of it. Ran NeuNer did it as a tongue in cheek impersonation after the recent Ripple vs Youtube lawsuit posts.
  10. This would entail people are buying it for the wrong reasons. If you wanted to remit $100 worth of XRP then you buy $100 worth of XRP so it doesn't matter if at this point 1 XRP is $1 or $10,000. All that matters to you is you want $100 worth of XRP to make your cross border transaction. To the people buying BTC now compared to 5 years ago, does it matter to them if it's $100 or $20,000? No, they are just stacking Sats. XRP's use case means the price of a single XRP does not matter as you buy what you wish to transmit however an ever increasing value of XRP is required to sustain a growing demand for ODL. This assumes Ripple's ODL will continue to see growth however the current market price is sufficient in line with current demand.
  11. Oh man, its so nice to go back reading through from the first post to date and watching things unfold so quickly but in real time its taken over a year nearly
  12. Crypto? What crypto? I don't know what you are referring to. What the hell is a DLT? Is that like a BLT but with Duck Lettuce and Tomato?
  13. A penny for your thoughts who might potentially be acquired by or merged with Ripple. In my eyes, SWIFT is way too big to fail and right now I don't feel Ripple is strong enough to topple them from their perch. SWIFT is way too entrenched in the incumbents but when it comes to digital, that's where Ripple shines and hands down SWIFT loses this battle on any given day. So if incumbent banks are losing the battle against challenger banks then that leaves digital banks who are hungry and ready to destroy incumbents at the digital age. My head is about to explode......
  14. This is normal in the US. There's way too many patent vultures where companies just buy patents in the hope of suing other companies for royalties. Patent trolls are a real threat to innovation. Even John Oliver did an episode on them and its worth the watch:
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