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  1. Like
    taebuoytogI reacted to kenrino in Ripple Whitepaper: Big Opportunity in Small Business Payments   
    Here is a direct link to the full report, thanks to  @Panosmek but if you're interested as a company you should definitely fill the form in the first link.
  2. Like
    taebuoytogI reacted to musclehog in story - I bumped into someone who was the head of payments for a very large bank here in australia.   
    Edit for the absolute flogs below, I work in healthcare and will not discuss gender, employees and companies due to confidentiality. 
    I cannot disclose the how and why and I dont mean that in a cool way........Just aspects of my work require confidentiality. Sounds cool, trust me its not. Anyway we got talking about payments when this person told me their prior work. They know the ins and outs of swift very very well. 
    Now this person left payments and banking just prior to blockchain hitting the mainstream. 
    This individual knew just about nothing about blockchain and not only that, their jaw nearly hit the floor when I told them about xrp's ability. Almost to the point where they didn't believe it. 
    They said the consortium of swift are dinosaurs and have struggled constantly with change and they can be extremely frustrating to deal with. They also said Australian banks will be some of the last to implement blockchain due to regulation. They do not like change at all without full regulatory structure (even though they love fudging lending applications).
    I know its not much, I only found out their role right as i was done completing my task with them. 
  3. Like
    taebuoytogI reacted to ADingoAteMyXRP in David Schwartz twitter comment clarification.   
    xRapid buys and sells at the same time (more or less).
    Rocketing utility means you spark XRP accumulation by liquidity providers, market makers, market takers, and eventually corporates and banks.
    Price goes up.
  4. Like
    taebuoytogI reacted to wrongbenson in Xrapid transaction volume increase due to MoneyGram   
    Below was posted as an extended interview on June 18, 2019 by Ripple on their Youtube (1 day after Moneygram announcement); it was originally posted (only part of interview) on June 7th on their Ripple Drop.
    Director of Product Management Craig DeWitt:
    "Beyond the new functionality that we released, we have a whole suite of tools and developer toolkits that help our partners go live faster, and that means someone new to RippleNet can get going in not weeks, but days."
    So by Ripple's own account, Moneygram should be able to get going in days. Now who knows what the terms of contract are and when the deal is live, if it isn't already, and what the timeline is for Moneygram. Perhaps the only way to find out is by waiting, or to ask them directly by Twitter or such.
  5. Like
    taebuoytogI reacted to Julian_Williams in Banesco Panamá and Scotiabank Chile testing cross border payments with Ripple   
    Thank you.  First Nepal, now Chile and Panama.  It is these backwater economies that are moving fastest and it is clear that some of the delays are to allow banks to upgrade, familiarise themselves and bed in.  The adoption phase is under-way and obviously going very well.
  6. Thanks
    taebuoytogI reacted to LeonidasH in Banesco Panamá and Scotiabank Chile testing cross border payments with Ripple   
  7. Like
    taebuoytogI reacted to Hodor in David Schwartz and 'Facebook Coin'   
    Blog URL:  https://coil.com/p/Hodor/David-Schwartz-and-Facebook-Coin-/UiNoDHA-J
    Curious about Facebook's new coin, Libra?  I've collected David Schwartz's recent comments on it in my latest @coil blog!
    I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so!  
    My blog announcement links on other platforms:
    Twitter Reddit r/Ripple Reddit r/xrp Reddit r/RippleTalk Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  8. Thanks
    taebuoytogI reacted to Delfaras in Coincidence?   
    CoinDesk just now: Brazilian Financial Authorities Announce Regulatory Sandbox For Blockchain
    Ripple a week ago:
  9. Like
    taebuoytogI reacted to Sebastian in Ripple Officially Launches Operations in Brazil   
  10. Like
  11. Thanks
    taebuoytogI reacted to cryptoxrp in Confirmed: American Express (AXP) Is Officially Using Ripple’s xCurrent -Mon Jun 03   
    The Vice President of American Express Colin O’Flaherty on Wednesday confirmed that the company was officially using xCurrent, a blockchain-based financial solution from Ripple Inc. O’Flaherty, who doubles as the General Manager of global commercial services UK & Russia, spoke at the last day of The Money 20/20 event held in Amsterdam.
    “Ripple offers instantaneous, point-to-point conversations between the sender and receiver of funds. And that provides a real opportunity to alleviate most of the issues our customers are facing,” he said at a discussion session at the event.
    Source: https://smartereum.com/18259/confirmed-american-express-amex-axp-officially-using-ripple-xrp-xcurrent-ripplenet-money-2020-xrp-news-today-mon-jun-03/
  12. Like
    taebuoytogI reacted to cryptoxrp in Confirmed: American Express (AXP) Is Officially Using Ripple’s xCurrent -Mon Jun 03   
    Yes the partnership has been mentioned before. This is about going live
  13. Like
    taebuoytogI reacted to hammertoe in XRP United - Update   
    I had my differences with P3T3RIS here on xrpchat and on Twitter.... but regardless of that, he was a fellow human being and for that I'm very saddened to hear he passed away.
  14. Like
    taebuoytogI reacted to mDuo13 in New documentation: Monitoring for Transactions with WebSocket   
    We recently launched a new interactive tutorial on the XRP Ledger Dev Portal, showing how to Monitor Incoming Payments with WebSocket. It has JavaScript examples that don't use ripple-lib, so you can hopefully adapt them to other programming languages. (In fact, if you do go through the exercise to re-create any of the sample code in other programming languages, please contribute your code samples back using the "Edit on GitHub" button on the page!)
    It has interactive sections that let you connect to a public XRP Test Net server using WebSocket, and subscribe to transactions affecting a particular account, and summarize how much XRP they delivered. (You may need to use the Transaction Sender to actually send some payments while you're monitoring.)
    I hope this guide is useful and easy to understand. We welcome your feedback, so I'd love to hear from you if you find the docs useful, confusing, or if you have ideas for how to improve them!
  15. Like
    taebuoytogI reacted to cryptoxrp in Ripple’s Contractual Term with Over 200 Partners Behind XRP Low Price. Here is Why   
    Great article explaining why Ripple is succeeding with adoption and keeping the XRP price temporarily suppressed.
    “Ripple has in their contracts with every single partner, the 200-plus partners which includes all the preferred exchanges and institutions, that they are required to acquire XRP via OTC”, the Podcaster continued. “They are not allowed to make purchases on the open market and the purpose of this is to temporarily keep the price of XRP suppressed.”
    “The YouTube podcaster added that he was informed that the contractual term isn’t going to be long-term, it would be lifted later and we will see the floodgates open.”
    “The goal today is broad distribution of XRP and a low price helps for that but we are getting ready to switch over as we see xRapid growing to actually send in payments, major payments through this system, and XRP price would ramp up”, the podcaster extended. “We’re going get more payments running through Xrapid and thus a higher and higher price.”
    Source: https://todaysgazette.com/ripples-contractual-term-with-over-200-partners-behind-xrp-low-price-here-is-why/
  16. Like
    taebuoytogI reacted to denverks in Blockchain.com loses Goldman Sachs veteran to Ripple   

  17. Thanks
    taebuoytogI reacted to jbjnr in Q1 postmortem analysis and Q2 speculation   
    Dear XRPChat, I had planned on making another prediction of Q1 sales before the quarterly report came out, but unfortunately, my day job has been keeping me very busy so I didn't have the time needed to attend to  it - and I had problems with my analysis that I didn't understand and that I hope I have rectified now. In my previous posts Analysis of Ripple's XRP sales and 2018 Q4 analysis, I summed payments from wallets to XRP-II to see what the quarterly payments were, and to total them up to see if they matched the sales figures announced by ripple. I had expected to do the same for Q1 2019, but the numbers looked wrong, my correlations were not consistent and the sales figures as a % of coinmarketcap volume didn't look right. I have extensively rewritten (and improved) my software and now have new findings that I feel confident enough about to share them.
    First, lets remind ourself of daily sales by ripple - in previous threads I found a strong correlation between yesterday's trading volume on coinmarketcap and today's sales (transfers) to the XRP-II distribution wallet. I identified 4 wallets that appeared to sum to about the right amount to explain the sales figures in the quarterly reports. Those wallets were referred to as RP1, RP2, RP3 and RP9. I refer the interested reader to the links above to find further details. If we plot the daily payments from those 4 wallets into the XRP-II wallet (XRP-II being the legal entity licensed to sell XRP to exchanges and customers and is presumably responsible for the programmatic daily sales as well as any number of other sales that we know little about). Here's what the sales look like from April 2018 until today, Note the line plot (linear, left y axis) is the sum of all the individual payments represented by dots that are logarithmically plotted (right axis). I found a strong correlation between the sum of payments and the coinmarketcap exchange volume, scaled by a factor that was around the 0.3% mark.

    I was intrigued by the drop in sales around mid Sept 2018 that preceeded a large jump in price and volume a week later. My hypothesis was that the drop in sales might be responsible for part of the rise in price (supply/demand). The sales pattern continued, largely unchanged until this year, though there are many wallets that transfer into XRP-II and they change over time, so it is difficult to be certain as to the true nature/volume or reason for the sales taking place. Please be aware that the graph above shows payments INTO the XRP-II wallet, and not out - this is because there are many more payments out and I was trying to identify that portion of sales that represents the daily programmatic sales. For the reasons I've just mentioned, it's too hard to be certain of any motives for individual wallet payments, so instead, I shall focus on payments OUT of XRP-II.
    Let's have a look at another plot, this time I plot all transfers OUT of XRP-II going into exchange accounts. I am grateful for the google sheet provided by @Silkjaer for a list of wallets that I have used for my assumptions of exchange addresses.

    You can immediately see that the payments to exchanges is very numerous. The summed total is shown by the solid line and the axes are consistent with the first plot. The totals also follow the same pattern as the sales into XRP-II from the subset of wallets, but is much higher as we are now including other payments from other wallets that are passed through and then go on to exchanges.
    Let's now show a more interesting graph - this has plots of the total exchange volume from coinmarketcap in green, I have normalized the plot to have the same area under it as the summed total of payments into XRP-II with a time shift of 1 day to show the correlation of the two graphs. The lighter blue line is the RP1,2,3,9 payments into XRP-II and the darker blue line is the summed payments out to exchanges. You should hopefully be able to see that the correlation between XRP-II payments and exchange volume is very strong, however, the correlation starts to break down in Q1 2019 and deteriorates further in Q2 2019 - the reason why my earlier correlation plots failed to give (to me) satisfying results.

    I have highlighted 3 regions on this plot. The first is in Sept 2018 (grey bar) when the sales from XRP-II virtually stopped. I speculated at the time that the xrp price (shown in the above plot as the black solid line) dropped to a low value for the year and probably ripple wanted to support the price by holding off sales temporarily. If that was the plan, then it worked very well as there was a massive jump at the end of Sept that still defies any reasonable explanation. So many news announcements are constantly being made about partnerships with ripple and events taking place that it is hard to know what might have triggered the rise.
    The second (grey bar) highlighted region in the plot is in May of this year - the difference between the green (coinmarketcap) and blue lines become very clear. Ripple shut down sales significantly again this month, and we have seen the price rise from ~30c to ~40c. I begin to wonder if my earlier hypothesis might have been correct, but sadly, two events is not enough for a 5 sigma announcement!
    What else is interesting in the plot? - the red shaded rectangle represents a point where the price of bitcoin was pumping hard, the exchange volume for all coins soared, but the price of XRP did not move very much. Why is that - we can see that the two blue lines rise well above the green one as ripple increased sales significantly - I speculate that they did not wish to see the price shoot up as we saw in Dec 2017, only to fall down again after the pump/dump/fomo/madness was over.
    Another interesting piece of data is revealed in the plot - the red crosses are payments from exchange accounts BACK to XRP-II - this hardly ever happened in 2018, except for a few scattered points in the year and a cluster of them around Sept 2018 when the sales halted. It is my second hypothesis that ripple have changed strategy during Q1. Prior to this, we see an almost constant sale of XRP proportional to exchange volume, during Q1, particularly after Feb 2019, the sales deviate from a simple pattern and we see returns from exchanges back to XRP-II. It would appear that their algorithm is smarter now and is trying to adapt better to market fluctuations rather than just continuously sell every day.
    Do we have any way of corroborating this? well, I'm glad you asked. Here's another graph, this time I take a sliding window of 10 days worth of data from XRP-II sales, and the same 10 day window of data from coinmarketcap exchange volume and correlate them, normalize them and plot the scaling coefficient. This gives us the XRP-II sales as a % fraction of the coinmarketcap volume in a running plot and we can see the fluctuation in sales as time progresses. The solid line shows the closing price of XRP, the two dotted lines are the running scale coefficients of the daily % of sales from XRP-II - the red is RP1,2,3,9 the green is ALL payments from exchanges (subtracting the return payments shown by the red crosses in the plot above).

    Now we can see quite clearly the event in Sept 2018 and the massive drop in may 2019. what is now apparent is Feb-May 2019 there was a large increase in sales as a % of daily volume. Throughout 2018, the red line holds reasonably closely to 0.15% of daily sales, which is fairly consistent with the figures quoted in the ripple quarterly reports. In Q1, things start deviating, and Q2 is all over the place. The drops in Sep 2018 and May 2019 are both followed by XRP price rallies. I added a dotted line at 0.05% of sales just to show how low the sales have dipped.
    What do I conclude from this...
    Ripple have changed their selling strategy to better adapt to market conditions and during March/April they increased quite significantly the sales, presumably to smooth out market pump/dump peaks and troughs. Financial institutions do not want like price fluctuations as it increases their cost of holdings - something we should all be grateful for as we want banks to buy in, not run away. Price fluctuations can also increase lay-off costs for market makers which also negatively impacts the market. (We're in this for the long play after all). There has been a slight decoupling over the last month or two with BTC as sales from XRP-II have been historically speaking very high. The large volumes we've seen did not move the price as much as one would have expected. Now would be a great time to pump XRP if whales are reading this! with XRP-II sales very low, it will be easier to move the market. Please go ahead and do this if you can. I'd like to see how high you can push XRP EDIT: I forgot to add one point - why do I think that sales have dropped in recent days? My suspicion (pure speculation) is that with the bear market seemingly coming to an end, Ripple feel safer in allowing the price to rise slightly to accommodate the new corridors they are adding.
    All the data has been collected here by a random amateur on the internet. I do not even know for sure if the wallets I examine belong to XRP-II. I do not know for sure if the exchange address I use are correct. All the data in this article could be wrong. I might have even made it up just for giggles (I didn't but how do you know? Do you trust me?) This is not investment advice. But IMHO price rises are more likely when XRP-II sales are low.
  18. Like
    taebuoytogI reacted to Julian_Williams in Largest Bank of Thailand Hints at Using XRP   
    Largest Bank of Thailand Hints at Using XRP
  19. Like
    taebuoytogI reacted to Hodor in Ripple XRP Will be Used as FX Means of Settlement Instead of US Dollar – Wall Street Forum   
    Wow that's an impressive quote, but I'm having trouble sourcing the video.  Does anybody have the link to the source video that the author is talking about?  I'd like to review it on my own as well. 
    All three comments to the article online are asking for the same thing - the source for the article, but I don't see it. 
  20. Like
    taebuoytogI reacted to cryptoxrp in Ripple XRP Will be Used as FX Means of Settlement Instead of US Dollar – Wall Street Forum   
    "The forum agreed unanimously that Ripple XRP will become a means of Foreign Exchange settlement instead of the US Dollar. The reason for this conclusion is based on so many factors."
    "Since the settlement of payment in XRP is faster than the dollar, the forum believes XRP will be used as the settlement currency in the next five years."
    Source: https://todaysgazette.com/ripple-xrp-will-be-used-as-fx-means-of-settlement-instead-of-us-dollar-wall-street-forum/
  21. Thanks
    taebuoytogI reacted to kenrino in Launching a New Remittance Corridor from Saudi Arabia to India   
  22. Like
    taebuoytogI reacted to cryptoxrp in Ripple’s CEO Brad Garlinghouse bullish on [XRP] beating SWIFT.   
    Main quotes:
    Garlinghouse says 6% of the transactions conducted by SWIFT are under human control.
    XRP ledger is ‘thousand times’ faster than the BTC network,” according to Ripple’s CEO.
    Source: https://www.fxstreet.com/cryptocurrencies/news/ripples-ceo-brad-garlinghouse-bullish-on-xrp-beating-swift-201905201158
  23. Like
    taebuoytogI reacted to ObeyTheWafflehouse in Stronghold Platform Integrates with Interledger Payments Protocol   
    "Stronghold USD is the first asset-backed U.S. dollar enabled-connector on ILP."
    "Institutional investors and traders may use ILP to exchange U.S. dollars for Stronghold USD, XRP, BTC and any other asset supported by our trading ecosystem."
    "Stronghold’s goal is to put a digital wallet in every pocket, so we’re happy to work with “the protocol for the internet of value” to advance that mission!"
  24. Like
    taebuoytogI reacted to VoteForTomorrow in XRPayments   
    Wietsewind has just announced the approval of XRPayments by Google and Apple.  I guess XRP really will be a currency in it's own right soon.

  25. Like
    taebuoytogI reacted to mandelbaum in It’s right in front of us   
    Currently 195 countries in the world. If we get 90 large exchanges (There were more than 500 exchanges in the world in april 2018) as xRapid certified in the next 5 years... Imagine the pressure on the supply.
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