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Tripple

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  1. I'm going to sue the suers for potentially stifling my investment in XRP. It'll be a massive circle jerk of suing, where only the lawyers win.
  2. Misleading title. There is no mention of xRapid or specific XRP usage. They've just become another Ripple customer.
  3. Blockchain is the new '.com'... JP Morgan can't let those folks over at MUFG have their own blockchain payments network and internal stable coin without having one themselves. These 'stable coins' are simply financial instruments that let these incumbents throw value around on their own balance sheets in a more efficient manner - a whole different kettle of fish. I wonder what the exchange rate will be between JPCoin and MUFGCoin in future, in terms of XRP of course.
  4. JP Morgan have created... Drum roll, please... Tether
  5. That's enough good new for one day. Ripple are going to give all the poor FUDsters carpal tunnel trying to debunk these positive developments.
  6. It's not great news for Ripple who currently have a first-mover advantage in the space, but it's hardly surprising that they're trying to emulate these technological innovations given how much JP Morgan stands to lose from the disruption of cross-border payments. What this does tell us, though, is that there is currently no better solution for settlements - so that's encouraging! There's also the 'Why JP Morgan?' issue: why will anyone continue to use them as a clearing house from cross-border payments when they now don't have to?
  7. This report is a really good insight into the state of play in the payments sector. I hits the nail on the head. SWIFT GPI is an easy sell, but it's incremental layering on-top of fundamentally outdated technology. RippleNet, but way of contrast, is transformative technology which established banks and FIs see as more risky at this current stage: hence the reluctance to dive in head-first now that SWIFT if offering GPI. It might be the case that SWIFT GPI paves the way for greater interaction with RippleNet - as it eases the transition towards new forms of banking technology. SWIFT's Incremental layering of solutions effectively represents an incremental adoption of DLT technology. https://www.paymenteye.com/2019/02/06/report-dlt-swift-gpi-ripple-and-cryptos-shape-payments/?utm_source=paymenteye&utm_medium=email&utm_campaign=newsletter&utm_content=2019-02-07-paymenteye-ripple-vs-swift-gpi-cordar3&mkt_tok=eyJpIjoiTjJZME1Ea3pNek5rTkRaaSIsInQiOiJSdmlEdVdsWVdmMmRoVDd0TXRFMnhXSjhXaGlIbFFKT2hWYzVPc0Uzb1p0eWlXdkgwU3dcL1dycExac3R4MDNIYUg2U2VIZElqYUR4UE95VTVYVFF0bjJrZ1lsYXQ3R2VhXC9xXC9IbHdpSWhjZitwWWk3R1dpXC82d3pwVHY3NjFIcFoifQ%3D%3D
  8. @BruceWhale, I agree that they're upgrading the existing payments rails and from what you've provided it looks likely that R3 has some role in that process. I'm just saying that intra-European payments are unlikely to touch XRP because they're conducted on a Euro-Euro basis (regardless of wether a country has another domestic currency as @LilBender has alluded to). Outside the SEPA zone XRP could easily be used, especially in traditionally illiquid corridors. That's my understanding, I'm more than happy to be proven incorrect.
  9. Those two concepts aren't mutually exclusive. Cross-border transfers are still done in Euros within the SEPA zone. Many countries have a floating domestic currency and still conduct cross-border transfers in a separate currency.
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