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  1. Here are the link to the bills that were introduced. The ones cited in the coin desk article were from 2018 https://www.congress.gov/bill/116th-congress/house-bill/2144?q={"search"%3A["congressId%3A116+AND+billStatus%3A\"Introduced\""]}&s=2&r=51 https://www.congress.gov/bill/116th-congress/house-bill/2154?q={"search"%3A["congressId%3A116+AND+billStatus%3A\"Introduced\""]}&s=2&r=41
  2. You’re neglecting slippage and exchange fees which add to the cost that clients pay to use XRP.
  3. For the OTC sales, Ripple probably receives payment via tradional banks.
  4. Also assuming left axis is volume, in blue during 12 hour periods. Assuming right axis is average XRP payment size, orange.
  5. I’m looking at the charts and thinking this might be small payments. A large Chunk of payments averaging 30(I assume XRP, by y-axis aren’t labeled) have started flowing on the network. I’m making assumptions based on the picture as I don’t have the data on my phone Prior to 12/4 the average payment size was 275 and volume of 500 with a total value of 137500. After 12/4 the average payment size is 80 with a volume of 2500 for a total value of 20000. There was a total value increase of about 60k and a volume increase of 2000 transactions for an average payment of 30. Thoughts?
  6. The account id you see is derived from the master key. My guess is that the algorithm that does this, does not produce all base58 characters in the 2nd or 3rd character in the string. Accounts must start with an ‘r’ and fulfill some other requirements to be valid. I seem to remember a thread discussing that it’s very improbable that a typo would result in sending funds to the wrong account. The transaction would fail with error code temBAD_SRC_ACCOUNT. https://developers.ripple.com/tem-codes.html
  7. Unfortunately, the IRS only lets you write off up to a $3,000 loss per year. You can carry this loss forward between years and keeps deducting until your losses are compensated, which could take decades....
  8. ...and they make a fortune off of it. It's too bad the underbanked are knowingly willing to pay these fees because they have more trust in these services than in the traditional banking system. https://www.thesimpledollar.com/a-deeper-look-at-check-cashing-services-do-they-really-provide-an-alternative-banking-opportunity/
  9. I don't think you can. You would have to contact the holder of the exchange wallet and ask them which user sent you that payment. They might not be willing to do so, or have the time to bother. You can google the wallet address and might get an idea of which exchange it is.
  10. Well that's and interesting use case for Omni @12:40
  11. I had a conversation with a co-worker last week, and asked how she send money home. She regularly sends home ~30% of her paycheck to her family in the Philippines. She uses WU because of the speed, and she's had bad experiences with sending wire transfers from her bank. She said she had a transfer get stuck for more than a month. She has more trust in the service that WU provides, but she's paying a pretty high premium for it. She told me the fee was only $4.99, but when Iooked conversion rate that she gets, it turns out that she's losing about 9% relative to mid-market prices! She, and many others could really benefit from a good customer experience and lower cost. We know Bittrex and coins.ph are xRapid customers, but which banks in the US and Philippines would a customer use if they were to send a payment? A CCCU member bank would be a likely candidate on the sending side, but I'm can't find a list of specific member banks. Also not sure which banks in the Philippines are available.
  12. It won't by itself. Perhaps I can show how the volume evolves over time. Maybe we see an uptick in volume on Fridays(Payday) since xRapid launched? If I had time I would look at data from Bitstamp and XRPL and see if I can find sets of trade --> payment --> trade between all 3 ledgers all within short time spans.
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