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Everything posted by Rey

  1. If that's true and the math is correct, maybe your payment infra already is fairly efficient ... did the business case include the costs of settlement? I ask because xCurrent in 2015 as well as SWIFT before and after GPI don't change anything about the Nostro issue ... And maybe the majority of your xBorder payments involve efficient, low friction, high liquid corridors?
  2. Do you think that those 40c are the total costs of the Xborder payment? Here's the average break down of Xborder payments in general ...
  3. Good question. The issue at hand is Ripple stating an amount of $5T that can be released, while Mrs. Coppola states that that amount is just a flow. First, tbh I haven't seen the number $5T mentioned explicitly in the McKinsey report, even though that number hasn't been debated itself. Second, if $5T would be flowing continuously, one could argue that it's actually locked ... so we'd need to know the volume that flows per time period. I don't know enough about Mrs. Coppola in order to be able to say anything about her motives and objectives ...
  4. Hey @automatic Sorry ... nope ... according to a McKinsey report from 2016 the average costs of Nostro liquidity (period 2013-2015) are 34% per international payments transaction See Exhibit 9 (page 21): https://www.mckinsey.com/~/media/McKinsey/Industries/Financial Services/Our Insights/A mixed 2015 for the global payments industry/Global-Payments-2016.ashx Though I concur with you that there are many other arguments pro the Ripple solution
  5. Hey Tiny, According to Ripple itself (see: https://ripple.com/insights/liquidity-explained/) the source is a 2016 McKinsey report: "According to a 2016 McKinsey Global Payments report, there is approximately $5 trillion dollars sitting dormant in these accounts around the world – tying up capital that could be used in more productive ways." Link to the report: https://www.mckinsey.com/~/media/McKinsey/Industries/Financial Services/Our Insights/A mixed 2015 for the global payments industry/Global-Payments-2016.ashx HTH
  6. Rey

    Clean up the forum

    Thanks @Tinyaccount Agreed.
  7. Thanks @Ripple-Stiltskin Agreed. And this is the third time within a week that this member starts a new thread mentioning content from the same source. Last Thursday: "Ripple’s “200+ Institutional Clients” Claim Is A Scam" Last Friday: "Ripple’s Lie About Its Santander Partnership" I have nothing against a healthy critical discussion, but this is just trolling and IMHO harms our forum.
  8. Maybe you're right, though remember that the current CEO also has the role to defend the interests of the main/biggest SWIFT stakeholders ... e.g. maybe he just "has to" buy time ...
  9. @Pablo @King34Maine Good point and well written! Considering the amount of change DLT brings and the fact that it touches the very core of the FI's business processes, you're right that it implies a lot of work and Ripple as well as their customers could use help from parties that are familiar with the industry. A Ripple product implementation probably isn't just the installation of some software ... apart from ICT and business process redesign consult, training, pre and after sales, their customers would also need to consider impact on reconciliation, auditing, legal issues and many other things ... Ripple could work on some implementation white books together with channel partners ... So yes, I'd say it sounds like a good idea ... big ICT firms as well as accounting/consulting firms would be suited for the job ...
  10. Don't do as they say, do as they do ... apparently they need to buy even more time to build up their position and work on their infra ...
  11. Even if SWIFT won't use XRP and even if R3 members/Corda users would get an extra option, i.e. to settle their Corda based trade via the old fashioned slow and expensive nostro/vostro way (an option that they already have outside of Corda), that still wouldn't be bad for XRP as it would give aspiring R3 members/Corda users an upgrade path ... a paradigm shift doesn't occur in a month or two ... In the end people will use what they like best ... very difficult to beat fast, cheap & reliable ... usually it's pick two ... or even less
  12. Maybe it can function as a hedge against XRP or other digital assets, admittedly other DA's could also get this function. I mean, right now we all complain about price manipulation, but as XRP gains more traction and becomes more important, price stabilization instruments might be needed ...
  13. Maybe I'll do a lousy job, but let's try to be a devil's advocate: - First movers advantage; - BTC already has a certain value, being expensive might be a pro instead of a con; - Same goes for its lack of speed, a store of value might need a certain balance of (il)liquidity; - Many whales already have a position and there's already a lot of money invested in the market infrastructure (these things might be a bit less agile than we'd want).
  14. Hey @BigFish You're not alone. Others bought near ATH early January 2018. You're right, this bear market really sucks and it lasts longer than most of us would have thought, at least much longer than I ever would have thought. Of course I don't know how much longer it will last, but I hope that in a few years time we will be glad that we didn't sell at the current price level. Guess no one knows how the crypto market will develop, however I think that last year many organizations, FI's and enterprises invested in the crypto infrastructure. These things take time, a lot of time ... there's one thing though that those developments indicate: crypto is NOT DED. Take care!
  15. Well, if you really don't believe in the fundamentals of the asset you invested in, I'm happy for you that you didn't invest more than you said you actually did. And I hope that you'll be positively surprised by XRP some time in the next few years.
  16. Hey @Valhalla_Guy ... what happened? Did you buy near ATH?
  17. We're still very, very early in the game. Most investment money goes to building the required infrastructure for future utility, not to buying DA's yet. Also, remember that some of us investors put a lot of time in researching the crypto market, that doesn't mean that the rest of the world do so.
  18. You seem to leave supply out of the equation here ... a rather large part of the circulating supply of XRP is being owned by whales, not necessarily being retail investors ... those whales might have other interests than a short term price increase.
  19. Maybe several of the reasons you and others in here already mentioned and maybe several other reasons play a role. Apart from the obvious current bear market at this moment (in this stage of the game) XRP just isn't scarce and demand isn't big enough yet to make the price increase.
  20. LOL, looking at your avatar I'd say at least you entered early enough
  21. Well, I tried to target some things he said as targeting his presumed intentions doesn't change the (in)validity of the argument itself. Agreed that the term "Market Cap" doesn't mean much. Though i think that the term "Circulating Supply" does have some value ... not targeting the last price of the asset here ;-)
  22. That's your interpretation of the article ... though I admit that I also question the intentions of the author (and that's really an understatement) ... I fear we will see even more and even worse FUD arise this year as Ripple and XRP gain more traction. That's clearly a big threat to some people/organizations ...
  23. If I understand correctly the main argument of the author is that a certain (large) amount of XRP in under selling restrictions. IMHO this argument is flawed as selling restrictions shouldn't be part of the definition of 'circulating supply' ... you think Central Banks are free to sell their gold supply anytime they like? How much money on bank accounts is subject to restrictions? In my opinion the circulating supply is app. 99.991.xxx.xxx XRP, being the maximum amount of 100B minus the burned amount. The escrow of 55B XRP was a free choice made by the owner of the XRP, i.e. Ripple, itself.
  24. Probably yes ... depends on the details of the bill, though ... However if the new bill explicitly targets digital assets as a new asset class, that could be an indication and argument for the SEC to revisit their interpretation of the current definition of a security ...
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