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lysistrada

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About lysistrada

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  1. It's a badass visual for sure. It brings a lot together for me. We hear about all the clients and partnerships and such but often seeing it like this is truly valuable for understanding the progress being made.
  2. I don't think this is anything big. At least people have been suggesting in the Twitter XRP world that this is some indication of something with Google. I don't know if that's what you're suggesting. But I think it's just a visual display of Ripplenet that some pro-XRP developer overlayed upon Google maps. I think the person who originally posted it probably clicked on the link below at some point and then forgot. Then saw it later.
  3. So... I think I understand the difficulty you are having... the following is an admitted over-simplification and leaves out a lot, but it should work for our purposes here. You're conceiving of the process wrong and borrowing mentally from legacy concepts involved in correspondent banking. With Ripple tech and ODL, it is so much lower friction and it literally flows like this: SENDER --> Exchange A (purchase of XRP) --> sent as XRP --> Exchange B (sale of XRP) --> RECEIVER. Money and information flow in a matter of seconds. XRP is the vehicle by which money is sent and settled in real-time. The tech will send money - not just the promise of money - but actual, settled funds in real time. It's about getting the constituent players on the tech and part of the program so as to open up major corridors of payment flows.
  4. Just to sort of bring this full circle here. My experience with the ACH/NACHA system in the US and how deficient it is, as well as how inflexible money can be, is really at the basis for my massive support for Ripple and XRP. What they are doing is revolutionary. Your thoughts on creating something are similar to that of my own which I have had in the past, however I do have a programming background and a staff member who could roll something out along the lines of that which you mention. And yet,,, I have also determined the immediate ROI would not make it worth it. It's a matter of me asking myself what business I want to be in. Yes, I could create the system you mention, but then I would have to become a fintech/payments company and my primary business would no longer have my direct attention and that is a small and growing profitable entity in a vital niche. I have had issues focusing in the past, so I have resisted this sort of move thus far in favor of simplying amassing a respectable stack of XRP and believing in the underlying utility of it. I am confident that we'll have this technology very soon. In the meantime, if you have strong financials, your bank should be able to give you the ACH function you need. If it's nominal amounts, by the way, Quickbooks can be setup to do ACH. If neither of those are an option, vendors like dwolla, checkbook.io, paysimple, plooto, etc can all be used, though be prepared to hand over a lot of information whether it's a bank or an outsourced ACH vendor. Given the current limitations of our technology, all entities willing to move money relatively fast for you are assuming an amount of risk and they need to mitigate that by seeing "evidence" (in parenthesis because this evidence can be easily faked) that you are legit.
  5. I own a small business as well. Honestly, if you're talking about daily amounts of $100K or under, getting an ACH debit function on an overnight basis or even same-day basis through your bank is the way to go for now. That's if all you care about is getting money fast from customers to you. The cost is minimal and money moves pretty fast on this basis, as it is. Not nearly as fast as it should, but much faster than money moving across borders which can take days. I can get 99K from a client in under 24 hours if they give me their bank account info. I'd love to get it within minutes, but the benefit of that is negligible to me versus waiting 24 hours. That doesn't mean there is no value with regard to Ripple/XRP in domestic payments. But with regard to use of Ripple's various offerings, including XRP-based settlement, the benefit for domestic payments is not so much for the business or the customer, other than perhaps a modest increase in speed, but the benefit is much more so with regard to the bank facilitating the transfer because Ripple's messaging system and it's ability to settle in real-time reduces the bank's risk in the process. As it is now, the current ACH system is uni-directional and when it seeks to move money overnight or same-day, it's actually directing a central bank to move money into your business account and it does so even before it has verified that the bank account that is being debited has the money. As you can imagine, this causes a degree of loss for banks. A large amount of bank fraud is based around this concept and withdrawing money from the beneficiary account before the chargeback can hit. This is why Ripple's bi-directional messaging is superior because that verification/validation occurs before money is moved (ie, rather than "move money from A to B," you get, "Does A have X amount of money? Ok, then since it does, move X amount of money from A to B"). The current state of ACH is also why you have to be pretty intensely underwritten in order to do both ACH credits and debits of significant amounts. I personally am very bullish on ripple and XRP, but I have not sought any mechanism to speed things up for my business along these lines as of now because the cost to have something built like that doesn't lead to the required ROI to invest in that infrastructure. But one day either ripple or another company will come along and make it easy and affordable.
  6. Honestly, while I would love if this were true, if I had to guess I think this magazine did some lackluster online research and got it wrong and just wrote some incorrect information that people are latching on to with way too much vigor. I think that if Swift is doing anything it's via the pathway of GPI to R3/Corda with use of XRP for settlement, which is great as well. But this whole headline just seems to me like a relatively obscure publication getting it accidentally wrong.
  7. This person is the head of strategic growth for Xpring. The entire point of Xpring is to build and diversify the XRP ecology in ways that Ripple Labs is not already doing. It was created to diversify away from payment/setllement; with payment/settlement being the sole focus of Ripple Labs, Inc itself. So it would be entirely counter to the whole mission of Xpring for a Xpring initiative to be payment focused. Every time a Xpring initiative is announced, you get people upset about this and it just baffles me. You have to entirely misunderstand the point of Xpring in the first place to get upset by this.
  8. Did the Celsius Network pass your sniff test for legitimacy? Nexo did for me. I'm still not going to put my bag of XRP on their platform, but I think I could safely do so. I admittedly only looked into Celsius in a very cursory manner, but when I did I just wasn't sure I was every going to trust them with any of my holdings. Then again, I barely trust Binance with my holdings.
  9. I checked out CEL as well. I don't remember what I concluded; I will have to look at it again. I appreciate the heads up. With every crypto boom, more and more people get involved and this means more people are going to want to be able to gain cash from these holdings without having to sell. It seems very strong to me. Right now, let's say you have $10M in fiat. You can buy $10M in some stable coin and put it into the Nexo platform. You will get paid out - daily - a 6.5% APR which means you can get $1800 or so a day without commitment. There's nothing else like that out there. Yes, there are investment vehicles which can potentially pay this out, but they generally require a very long term commitment. I doubt they'll have this deal in place for all that long, but it's a hell of a deal.
  10. I'd like to add that you can use XRP on Nexo (a company funded by Arrington Capital; Michael Arrington being the most pro-XRP VC out there) to create a line of credit secured by said XRP and get their debit card. The Nexo token is one I am bullish on, personally.
  11. I enjoy the speculative/theoretical as much as anyone. Is the connection you are drawing just Switzerland and the timing? Or is there something else I am missing?
  12. I ordered a shirt. I'll post my feedback on quality. I have a Ripple shirt I got a few years ago which is one of my favorites, but it's time to upgrade.
  13. He's using Amazon for fulfillment. So Amazon would need to accept XRP. My super optimistic conspiracy theorist side suspects paying with XRP on Amazon might come sooner than we think.
  14. I think the Ripple versus Swift mentality just plays into our human desire to bifurcate issues in an overly simple manner that mentally is no more complex than "Ripple Good. Swift Bad." I think the former employee's answer makes a lot of sense. In reality, the Swift messaging competitor of xCurrent - to me / in my opinion - was never the key ingredient. It was a tool to force the hand of banks and Swift to put themselves on a platform that could ultimately use xRapid to instantly settle transactions. The following is probably a facile analogy, since I can't know the underlying motivations actually present, but you may recall that Google Fiber was speculated to be an initiative to make other ISP's be competitive with regard to bandwidth costs for consumer level service. I don't know if that's true, but I do know that my neighborhood is now wired for Google Fiber and Google Fiber is now one of three choices present for me to have gigabit download speeds for cheaper than getting 50mbs down was 5 years ago. Everything in my area now more efficiently runs the Google-driven ecosytem that runs many aspects of my life. So returning to the above. Ripple creates xCurrent and makes banks very aware of it, but it's largely FI's and more fringe banks that don't have massive systems just living and dependent upon tremendous legacy systems that can enact this technology first. This will allow these companies to compete with the larger more established institutions on price - ultimately - because the future end result of xCurrent + xRapid will allow these fringe entities to be more efficient and enjoy better margins while providing faster service. The banks must respond and we are seeing that already. In response, Swift creates GPI which - as it turns out - can interface with Corda which uses XRP as its native settlement mechanism. This is what I have observed and it's entirely consistent - as best I can tell - with the former employee's explanation. I am certainly over-simplifying a number of things here.
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