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Tehol_Beddict last won the day on November 30 2017

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About Tehol_Beddict

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  1. This doesn’t mean anything. Many Ripple partners are a part of the enterprise Ethereum Alliance: BBVA, CME Group, MUFG, BNY.... Maybe they have some need for smart contracts for other purposes. Ripple remains to be -
  2. Same as before. The specific banks are also a dead giveaway.
  3. Volatility

    In addition to the few examples I have above, liquid.plus is another perfect example going live soon. The two exchanges SBI is launching will also serve this purpose. There are a number of market makers out there already and it appears xRapid also runs through the existing exchanges (not publicly anounced). I see nothing that points to XRP volatility preventing cross-border payers utilizing XRP, as initially claimed.
  4. Volatility

    Point taken, I’ll agree on your first point. The bottom line is that a variety of cross-border payers will see vast improvements in liquidity costs, transaction costs and payment efficiency by using XRP and there is enough liquidity for some payers to do so through exchanges and the handful of market makers that exists today. DMM in Japan seems particularly well suited for supplying this liquidity, among other groups like Circle Financial. That’s all it takes to start the inevitable maturing of this market as this increased demand will increase liquidity, this further increasing demand. Goldman Sachs has said they are starting a crypto trading desk and Miziho is launching an exchange... Just the tip of the iceberg.
  5. Volatility

    Volatility does not defeat the use case. Market makers like volatility. Volatility simply means cross-border payers will be more likely to source liquidity from market makers, rather than holding XRP themselves. It may also result in greater spreads offered by market makers, increasing the cost of the payment slightly. However, it’s important to realize that the change in the price of XRP during the 3 seconds it takes to transact has 0 impact on the value and utility of XRP for payments. The entire price of a cross-border transaction through xCurrent and xRapid is known before the transfer. The transaction cost of the entire payment, with all exchanges between XRP and fiat (or any other asset) that occur along the way, are calculated and locked in before the payment is actually sent.
  6. This relationship has been known for a long time. You can search this forum for more info. From following the EarthPort and Ripple relationship for quite some time, I believe EarthPort currently uses/provides liquidity using fiat over xCurrent. This may (is hopefully likely to) change in the future and they adopt xRapid themselves at some point. I don’t remember my specific sources. Their 5% revenue hit due to the expectation of a U.K. customer making a switch this year may have been a customer that will be moving to xRapid. Just my take.
  7. 0AmEx CEO Kenneth Chenault joins Facebook board

    I was just pointing to the fact that the CEO of Amex (google ripple and Amex) just joined the board of Facebook, which already includes Andreessen Horowitz (goole Andreessen Horowitz and Ripple) and the CEO of the Bill and Melinda Gates Foundation (Google Bill and Melinda Gates Foundation). That’s quite a few Ripple relationships on a small board. I find it quite interesting that the CEO of Amex is joining their board right before WhatsApp launches payments in the largest remittance receiving country in the world (India)... Those are the facts. Feel free to speculate.
  8. 0AmEx CEO Kenneth Chenault joins Facebook board

    I pulled the original source from here: https://www.finextra.com/pressarticle/72248/amex-ceo-kenneth-chenault-joins-facebook-board Finextra is a great site for staying on top of the FinTech world. The WhatsApp payment features coming next month that I was referring to are launching in India: https://m.economictimes.com/industry/banking/finance/banking/page-1-whatsapp-readying-ping-to-pay-option-_-involves-many-levels-of-encryption/articleshow/62547946.cms
  9. 0AmEx CEO Kenneth Chenault joins Facebook board

    Their decentralization strategy is enough for AmEx, the Bill & Melinda Gates Foundation and Andreessen Horowitz. I think these 3 board members can probably convince Mark on Ripple's decentralization strategy.
  10. Facebook just added the CEO of AmEx to their board. Their other board members haves strong ties to Ripple. Facebook’s WhatsApp launches their payment features in February. No speculations, just observations
  11. This is all I know about LINE: https://en.m.wikipedia.org/wiki/Line_Corporation They have recently stated they are introducing crypto payments and, according to this article, are working with Goldman Sachs and Mitsui. Goldman is Goldman and Mitsui is Mitsui... so I like it.
  12. https://asia.nikkei.com/Business/Companies/Chat-app-provider-Line-moves-into-financial-services Also don’t have access to this full article.
  13. Line, Goldman Sachs and Ripple partner Mitsui working together. Don’t have the full article. https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=https://r.nikkei.com/article/DGXMZO25800670X10C18A1EA2000&usg=ALkJrhgcSbBKGcZr9XWVOd03N16Jk3Vkuw
  14. Cuallet by Cuallex - retweeted by CFO

    This is what I could get on web archive but looks like the formatting is messed up:
  15. This is only Japan to China... and getting money to China is kinda hard. You can check between any country. Some very interesting results as you go through them.