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Scout

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  1. Update only to prolong the case. Maybe end of February? https://coingape.com/ripple-security-case-the-decision-may-still-take-some-time-to-come-says-lawyer-chervinsky/
  2. Ouch, what's the hold up? Looks like Xrapid use is not really ready yet... Maybe the date on the article is suppose to read 2016 not 2019. If there is any fact to this article that pushes real XRP use in Banks back to at least 2020. I was hoping 2019 was the year for ILP support. This will be the tipping point for mass adoption & real volume. Pretty sure this will push XRP to number 1. The King Koopa of Crypto, the Big Daddy of Block chain.... You get the picture:) https://ambcrypto.com/ripples-cto-clarifies-that-interledger-protocol-ilp-is-not-connected-to-the-ripplenet-yet/
  3. The deployment of the Corda Settler uses XRP as the first settlement mechanism, an important step showing how two of the world’s most influential crypto and blockchain communities can work together. While Corda Settler will be open to all forms of crypto and traditional assets, XRP is the next logical step in showing how widespread acceptance and use of digital assets to transfer value and make payments can be achieved. When a payment obligation arises on Corda during the course of business, one party has the option to request settlement using XRP. The other party can be notified that settlement in XRP has been requested and that they must instruct a payment to the required address before the specified deadline. Once an oracle service validates the payment then both parties can treat the obligation as settled.
  4. You know, it is disturbing and frustrating that someone with her insider knowledge of the banking system would go as far to sabotage Ripple just for the hell of it, based on false assumptions. It's really sad, and for the average Joe like myself who struggles to learn the industry these type of people (like her) really don't warrant a public voice. Thanks for the clarification.
  5. Oh sorry I missed that thread. Thank you and sorry for double post :s This forum doesn't miss a thing.
  6. I tried posting this under other press and it was deleted probably because it was filed under the wrong topic. Sorry, sometimes I get my wires crossed. One of the principal claims made by Ripple for XRP is that it would free up $5tn that is “sitting dormant” in bank nostro/vostro accounts around the world. https://www.forbes.com/sites/francescoppola/2019/02/10/there-is-no-such-thing-as-dormant-funds-in-banking/#6d888c015aef Curious to know what the community thinks about this and if someone is in banking are these statements truthful or just FUD? I assume Forbes is reputable?
  7. From what I've read, Swift GPI can settle a payment using R3 without the need for X-rapid. This tech uses Corda Settler. Similar to XCurrent in that it settles using fiat to fiat transfers. In order for XRapid to be used, both sending and receiving parties must agree and support XRP before the transaction can take place.
  8. For Ripple, Euro Exim Bank’s adoption of xRapid makes little difference. The real game changer would be a major clearing bank such as Citigroup opting to use xRapid. That would send shock waves across the financial world. But so far, Ripple has wholly failed to convince any clearing bank that xRapid is better for their business than the settlement services provided by central banks. Despite all the hype, Ripple still has an awfully long way to go. https://www.forbes.com/sites/francescoppola/2019/01/29/ripple-has-signed-up-a-bank-to-use-xrp-for-payments-so-what/#44e19ec51084 It's just a matter of time.
  9. Scout

    Bitstamp Withdrawls

    Something I have come across, if you happen to be using Kraken and you're Canadian, even if you have a USD bank account they only allow wire transfer withdrawals to Canadian Banks in CAD. They won't allow you to do a USD wire transfer to your US bank account if you're not a resident of the US.
  10. Scout

    1.2 Billion XRP Sent By Ripple This Morning

    Shouldn't a large transfer of XRP have some type of impact on price? (since that would be a use case). From what I have read, it is not accurate to base price on market cap but on utility. What I can tell volume seems to have very little impact on price. If you look at Tron for instance, which in my opinion has similarities to XRP, the massive TRON volume as of lately has little to no impact on price. So what really moves the price of these digital assets besides having more demand than supply? As mentioned above, one of the massive transactions was to an exchange address, so isn't an exchange address just an online digital wallet address as well?
  11. Correct me if I'm wrong, but I think I'm starting to see the big picture for XRP. Sure, banks might use XRP for cross border remittances, but what's really going on is the ability to take any form of currency / digital asset and exchange it to something else. Why this is important is because too many people get caught up in the partnerships with Ripple and what other Banks are doing. But at the end of the day it won't matter what crypto asset people use to transact, XRP will be the fabric that allows any digital asset to directly exchange with any other (currency / Digital token). So regardless of what crypto is being used to perform any transaction, XRP will be the bridge currency between any form of value as it will need the use of XRP to handle any and all exchanges of value. So who cares who uses cross border remittances or other crypto currencies when they all will require the use of XRP to transact. This is bigger than any one crypto currency as it will by default become the global standard of digital exchange for everyone whether they know it or not, hence the term the Internet of value. This effectively replaces the role of Bitcoin in a transparent and much faster/cheaper way while still enabling those who choose to still use Bitcoin to do so... but why?
  12. Another Bullish XRP article: https://ambcrypto.com/xrp-gets-more-decentralized-as-proof-of-work-based-cryptocurrencies-face-extinction/ Bitcoin was the first cryptocurrency that was created and it uses PoW algorithm, which is how the transactions are verified and solves the problem of “double spending”. PoW algorithm consists of miners, who validate the transactions by putting in their resources and, hence, they are rewarded for the same. This process, which seemed good enough, will be relatively rejected by the miners as the reward for mining decreases after mining every 210,000 blocks. Eventually, the miners will be left with no option, but to quit. Moreover, the PoW algorithm uses massive resources, which extracts a heavy toll on the world we live in. Furthermore, miners that are spread out across the globe is what makes the Bitcoin network decentralized, but it is also what makes it less decentralized and susceptible to attacks.
  13. Scout

    Private ledger debate

    I could listen to Brad Garlinghouse talk all day about Ripple and Tech. I really like the way Brad convey's his message. He's such a smart and likable guy.
  14. Scout

    Canadian Zerpers Club

    Alberta here
  15. My exit strategy is no secret, it would be to eventually reclaim my original investment and let the rest ride, much better in my XRP wallet than rotting in a bank. I want to see XRP succeed because I truly believe in the technology and I'm so tired of having to send wire transfers through Western Union getting gouged on the transaction fees as my wife has family back home in the Philippines. What I have noticed recently is a lot of remittance companies are gradually lowering their fee's which is a good sign. I figure it must be to stay relevant for what's about to come. But it's articles like this that annoy me: https://www.aciworldwide.com/news-and-events/press-releases/2018/december/aci-worldwide-propels-national-bank-of-kuwait-to-become-first-bank-in-country-to-implement-swift-gpi If XRP is intended for fast remittances then why would a bank that has already adopted Ripple tech find the need to also adopt their competitor's solutions. It's these mixed signals that get on my nerves. I just wish things were more clear cut.
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