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Everything posted by cryptoxrp

  1. @Julian_Williams @zenkert @Hodor Additional info we might have missed: Link to the ProgressSoft site: https://www.progressoft.com/news/progresssoft-ripple-and-nbk-launch-cross-border-live-payments-in-kuwait-and-jordan
  2. Excellent news. The new world reserve currency (XRP) is being prepped for a grand entrance into the global financial theatre. It is moving into it's rightful place.
  3. Very true ... might also be the reason that the USA (Trump with trade war running out of options) is showing muscle in the middle east. Using digital assets (XRP) to 'unpeg' the US dollar as a global reserve currency would be very smart indeed.
  4. I have seen this video some weeks ago. Very interesting. Tnx for sharing in this thread.
  5. Source video: "The forum concludes that settling payments using XRP has many advantages over the USD in terms of speed, price, and security. They believe that it will take about five more years to see XRP take that market away from the dollar for good. Mind you, this is not a conclusion coming out of an XRP fan or bull (of which there are plenty) but from a group of Wall Street insiders which have not had the friendliest attitude towards cryptocurrencies in general over the last decade. So listening to them could be a particularly good idea." Source: https://www.tronweekly.com/ripple-future-wall-street-forum-talks-about-xrp/ Edit: After I have fully listened to the video I personally do not endorse the full conclusion of the above source (link). But without a doubt a very interesting viewing with at the end clearly a believe that 'friendly (Ripple) and wel regulated crypto currencies will be used in a global function'.
  6. This video fits into the news perfectly! Linking the systems is beneficial to all parties concerned.
  7. "The inclusion on Ripple’s executive (Pat Thelen) in the system will open the Blockchain Company (Ripple) and XRP to diverse opportunity, since FPC is working tirelessly on increasing the adoption of faster payment in the country. This is indeed a giant opportunity for Ripple."
  8. "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/
  9. "According to the head of transaction and banking sales Amit Talwar, Indusind already has a dedicated remittance team that is working on the possibilities that can be achieve with Ripple solution." And after that: "He also noted that there has been an increase in the number of inbound partners generated. since the bank started testing Ripple solutions on their platform." Conlusion: The Ripple solution is a global initiative to include everyone (also the poor & unbanked) and it is gaining traction.
  10. Article giving support to the signal 'ready for mass adoption'. "Banks Love Ripple (XRP), Demand Could Drive Prices $0.80". "Guiding our stance are fundamentals in the last few weeks. Aside from Garlinghouse comments, adoption is picking up, and it’s only a matter of time before banks connected with the RippleNet upgrade to xCurrent version 4. That will push demand.' Source: https://www.newsbtc.com/2019/05/20/banks-love-ripple-xrp-demand-drive-prices-80-cents/
  11. Source 1 Source 2 : https://www.diariobitcoin.com/index.php/2019/05/20/la-solucion-de-pagos-de-ripple-xrapid-llega-a-argentina-y-brasil/ Translated from the article: XRP close to mass adoption Now, after a new wave of expansion of the xRapid product, there are even more real reasons to believe that XRP is rapidly approaching mass adoption. In Latin America, Argentina and Brazil are among the main countries that are rapidly adopting cryptocurrencies and Blockchain technology. So entering two of the largest markets in the subcontinent can already be considered a very successful advance of the company.
  12. A clear signal that XRP is getting ready for mass adoption: The World Bank, through its senior finance specialist Marco Nicolli, praised distributed ledger technology and zoned in on Ripple’s xRapid as the transformational technology for future banking. In a report done collaborated by the Better than Cash Alliance, the World Bank said: "“In 2018, Ripple, piloted xRapid, a DLT-based cross-border payment solution, along the very competitive U.S-Mexico corridor and financial institutions involved in the pilot saved 40-70 percent in foreign exchange costs. The average payment times were just over two minutes while transfer of funds on xRapid took two to three seconds, with most of the processing time explained by domestic payment rails and intermediary digital asset exchanges.” A quote from Brad Garlinghouse: "XRP had a slow start, but once there is regulatory approval, and there is clarification that the asset is not a security but a utility, we shall begin seeing movements in price as banks rush to utilize the network pumping prices as a result." Source: https://ethereumworldnews.com/banks-will-never-disappear-ripple-xrp-in-a-pole-position/
  13. 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
  14. Great overview of the true power of the Ripple (XRP) network.
  15. Clearly the IMF board understands that digital currencies (e-money as they say) are here to stay and you can feel there is a ‘sense of urgency’ as to what their role should be. Very interesting and an excellent post.
  16. Nice article showing the present state of the Ripple (XRP) competition. Source: https://ethereumworldnews.com/why-ripple-xrp-is-much-far-ahead-of-other-projects-than-what-we-realize/
  17. I really love the quote at the bottom of the article .. yes I do read them all "“Thus, you’d be able to stream USDX payments with coil without XRP volatility (being USDX backed by XRP itself),” he concluded."
  18. Just another stablecoin WITH counterparty risk outside (and also within) the bank group. "One slight fly in the ointment is that so far banks have not jumped at Delivery versus Payment (DvP). The issue is that most settlement systems are designed to minimize cash flows and involve netting. Simplistically, if a bank does $1 billion in purchases at the start of the day and $500 million in sales later on, with netting systems, they only have to produce $500 million at the end of the day. With DvP, at the point of the purchase trade, they have to produce $1 billion." ..... problem.... And we all know that only XRPL with XRP does immediate settlement. Source: https://www.ledgerinsights.com/institutional-digital-currency-fnality-usc-utility-settlement-coin/
  19. @zerpdiggerI strongly disagree. It's trust and functionality what will give the USD, XRP or anything for that matter value. These are imho the basic fundamentals of anything you trade. The USD still has a lot of trust around the world but is lacking (technical) liquidity in quite a few places, so it lacks functionality. In that space Ripple XRP comes in as it has the functionality to support illiquid dollar areas in the world. When adoption kicks in (and it is happening) the liquidity of XRP will be far superior than the US dollar. However, XRP does not yet have the same distribution level yet (is getting there) and still not the same trust level (adoption/marketing ongoing) as the US dollar. Technically XRP has allready won the battle. To win the war we need adoption!
  20. @Dutchpinoy You are absolutely right. BTC does not have the network capability to handle high speed transactions. So if transaction requests rise the system gets clogged and fees and transaction times will rise to unacceptable levels. With all respect to this dynosaur.... the tech is outdated ... and Bitcoin will not be able to function 'at scale'. To even call it a store of value is really quite silly and technically 'tulip hype minded'.... imho. What I expect to see is that investors will very slowly (slowly.....as the Bitcoin brand name is still very strong) come to the understanding that the Bitcoin tech is not going to solve any real world problems and the tech therefore will slowly become 'less important' to the whole crypto ecosystem. The only system that at present can take Bitcoin's place (read ... help BTC survive) is XRPL with XRP (Ripple). The Ripple system can function at scale and transact with extremely low fees (pennies) and has a 100% track-record with excellent tools for enterprises, institutions and banks.
  21. Another small but important step for the development of the XRP ecosystem.
  22. @MikeC317An excellent read. Tnx! I really enjoyed learning about this still relatively unknown XRPL - BTC 'sidechain' relationship. I will tag @Hodor as he is also the kind of 'digger' who loves this info. Keep up the good work and I am looking forward to your next post!
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