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Stellios

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  1. We are up c.14% in 7 days. My deposit account in the UK pays me 0.5% per year. Yes XRP isn't flying as high as some, but it's going in the right direction.
  2. This has been the most informative thread of 2019. It doesn't need to be spoiled by bickering.
  3. Much the same as previous posters; I only know 3 friends who have or had positions in the Crypto space and maybe a handful of others who could name another digital asset other than Bitcoin.
  4. I work in international trade for a bank who participates in the Voltron project. I can tell you first hand that trade services in their current guise, Letters of Credit are so archaic, cumbersome and not fit for purpose. This is an area of business which is crying out to be modernised via DLT, smart contracts etc. The information provided by the author is fantastic.
  5. Perhaps a stupid questions: what would be the implications of that? My worry is that the banks would want to take a ledger away from public eyes. Would it be possible to buy ripple and its infrastructure and use it as their basis for a DLT with XRP as the DA?
  6. He was part of our innovation team. Admittedly specialising in trade finance. His proposals go directly to senior management for funding. Re liquidity - perhaps a lack of knowledge on my part. Wouldn't a xrapid transaction involve fiat xrp fiat conversion. Couldn't this be achieved by a DA to DA?
  7. Thanks for the input guys. I'm glad it's opened up a healthy discussion.The work we are doing with R3 around trade finance is in quite an advanced stage. If agreeing and implementing a universal DA is too big of a task. What's to stop a consortium of big banks of buying Ripple? Taking the infrastructure off the grid and rebadging XRP as the settlement token?
  8. How I interpreted it was that the big banks will just create their own DA and trade it with each other. Why share the spoils when they can maintain the monopoly. Alternatively, it wouldn't take much fiat to buy Ripple and take their infrastructure in house.
  9. Hello, Long time reader first time poster. By way of an introduction, I work for a large UK bank focusing on Trade Finance. As such I have a solid knowledge of the problems in International payments that Ripple are trying to solve. Today we had a meeting to discuss the future of trade services tech. During the presentation several R3 projects were discussed (Voltron & Marco Polo). I couldn't resist asking about IP and if Ripple/XRP was in the banks plans. He was of the impression that banks will build their own shared private DLT supported by a universal DA/Stablecoin to facilitate money movements. Ultimately they will present this tech to Swift and charge them with the maintenance of said ledger thus keeping the status quo intact I know there's been some threads of similar nature but I wondering what the consensus is on this?
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