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  1. Sad
    TheXRPer got a reaction from stickynoodle69 in ACI and Ripple finally public   
    They said the same thing about American Express, SBI, Chinese New Year and Wall Street Bonuses. I'm numb to news now. All I want to see now is trade volume increase in the billions, not $200MM. 
  2. Thanks
    TheXRPer got a reaction from Tyvole in FlashFx uses XRP   
    I believe their XPR/USD volume is around $19MM. It's usually around $3MM daily trade volume. 
  3. Like
    TheXRPer got a reaction from Cesar1810 in FlashFx uses XRP   
    I believe their XPR/USD volume is around $19MM. It's usually around $3MM daily trade volume. 
  4. Confused
    TheXRPer reacted to yxxyun in Tiffany Hayden   
    Well, in my opinion, ripple 's current XRP strategy had failed, xpring will become more important than xRapid. 
  5. Like
    TheXRPer reacted to lysistrada in LocalRipple.co - Fastest, easiest and safest way to buy or sell XRP   
    I don't know what you mean - at all - about "masked insults."  There is no element of masking here.   I am directly indicating - in no uncertain terms - that I think you hastily put together this platform without doing the slightest bit of due diligence.  Not the sort of due-diligence that requires a lawyer.  The sort that requires a brief review of the Ripple website. And...if the truth is insulting, then I am very sorry for you.  But you need only simply read the Ripple website and the link I provided over the use of their name in a domain, you will see that you screwed up.  Maybe it's a mistake; maybe it's inadvertent. If you don't fix it, you aren't legit. 
    You wanted to recreate the local bitcoin or local monero model for XRP (which you call "ripple").  That's great... it's not compatible with the nature of XRP, in my opinion, but whatever... I have been wrong before and will be wrong again many times. This is not about that. The objective truth is that you have created something that is not sustainable because Ripple will never allow you to continue to use this domain to do business. Hard stop.
    There's a big element of shadiness around your website.  You have a WHOIS which has never been filled out and it's not associated with a known ICANN-accredited privacy service.  That's a big red flag.  Your domain was registered with namecheap, which is widely known to be one of the registrars where you can very easily register a domain on an anonymous basis given their acceptance of bitcoin.  
    If I am wrong, why don't you tell us who you are, then? If I am wrong, then why not tell us a little about DRS Media LLC?  As in, which state of the US is this LLC organized within?
  6. Like
    TheXRPer reacted to slinuxuzer in NASDAQ / TDAmeritrade Crypto Pairs   
    So first thing, the rumor is NASDAQ, but I have no proof NASDAQ is doing anything here, other than past rumors. I did however login to the paper trading side of the TDAmeritrade platform ThinkOrSwim and searched for the symbol that was rumored to be BTC/USD and this is what I saw

  7. Confused
    TheXRPer reacted to yxxyun in Can we separate ripple company and XRP ledger in this forum ?   
    I'm XRP fans, not fans of the ripple company . So I wonder can we separate the ripple company related discussion and XRP ledger related discussion ?
    There are too much discuss about ripple company,  partner with blablabla banks, so much potential etc , but that's not XRP ledger related.
    The XRP ledger related discuss should be real use case on XRP ledger, like XRPtipbot, xRapid ,  or some other company issue stable coin on XRP ledger, or expand the trade pairs on DEX of XRP ledger, even on ledger gambling. 
    We always say decentralization, but not only the XRP nodes/validators need decentralization. According to the discussions/topics now,  ripple company is the true center of XRP. 
  8. Like
    TheXRPer got a reaction from XRPboi in XRPayments   
    The average person, who works Monday through Friday, fourty plus hours a week, has to fight 40+ minutes of traffic back and forth every morning and evening (including the time in taking and picking up lil Jimmy from school), isn't going find X exchange, go through the overly burdensome AML and KYC requirements these exchanges have, which are more stringent than what your bank or credit union are obligated to follow, buy XRP (plus the exchange's and network's fee) so they can buy a pizza, a condom, toothpaste, fidget spinner, a new bicycle, or car part.  I know this is going to be a bitter pill to swallow for many of you, but some of you need cold water splashed on you to sober you up and bring you back into reality. 
  9. Haha
    TheXRPer got a reaction from Sponger101 in How much XRP to hold longterm?   
    tree fiddy
  10. Like
    TheXRPer reacted to Truckdriver in New York State has rejected Bittrex Exchange's application for a BitLicense   
    Ok , I wonder how much time , effort and money went into investigating if Donald Duck and Elvis weren't real 
    Seems like it was a predetermined decision. 
  11. Haha
    TheXRPer reacted to Dario_o in September tests from R3 Corda, conducted by Accenture, mentioned by Christine Lagarde   
    Unfortunately this has to be just a coincidence
  12. Like
    TheXRPer reacted to JannaOneTrick in The Forex Market could be far bigger than you think   
    It has been a long time since I wanted to write this post, but there are just so many ideas in my head I always felt overwhelmed with doing it.
    So bear with me it is going to be a tad technical and a rather long post.
    To those who have studied international trade or logistics it will be piece of cake.
    TL;DR: Skip to the back-office section way down this post.
    When I discovered Ripple business plan, it did not take me long to think about the amazing opportunities it offers with the Forex market.
    We know Ripple wants to tackle the Forex market and is already penetrating it.
    The daily FX, despite its recent slowdown, is estimated to have a 5 Trillion daily volume (Source: BIS).

    When we think about the FX market, what do we picture ?

    A bunch of dudes in suits ? Red and green numbers ? Yeah me too
    But who really uses the FX market ?
    The greatest volume of currency is traded in the interbank market. This is where banks of all sizes trade currency with each other and through electronic networks. 
    Central banks
    Central banks, which represent their nation's government, are extremely important players in the forex market. A central bank is responsible for fixing the price of its native currency on forex. This is the exchange rate regime by which its currency will trade in the open market. Exchange rate regimes are divided into floating, fixed and pegged types.
    Investment Managers and Hedge Funds
    Portfolio managers, pooled funds and hedge funds make up the second-biggest collection of players in the forex market next to banks and central banks. Investment managers trade currencies for large accounts such as pension funds, foundations, and endowments.
    Individual Investors
    The volume of forex trades made by retail investors is extremely low compared to financial institutions and companies. However, it is growing rapidly in popularity. 
    But there is one actor I would like to give a particular attention in this post: 
    Firms that are involved in importing and exporting conduct FX transactions to pay for goods or services.

    Much freight transport is done by ships. An individual nation's fleet and the people that crew it are referred to as its merchant navy or merchant marine. Merchant shipping is the lifeblood of the world economy, carrying 90% of international trade with over 100,000 commercial ships worldwide. On rivers and canals, barges are often used to carry bulk cargo.
    Shipping formulas
    Depending on the stuffing and unloading operations, the container will be:
    FCL start - FCL finish: From sender A to recipient A; FCL-LCL : sender A then unbundling on arrival to different recipients; LCL-FCL: grouping initially to a recipient; LCL-LCL: initial grouping and unbundling on arrival. FCL: Full Container Load
    LCL: Less Than a Container Load
    Many firms send large amounts of products at once, or send multi-million-worth products by ship. The associated risk is huge and therefore that is why the Incoterms exist. 

    To further enhance the feasibility of such trades, firms which send expensive or massive products from one part of the world to another can decide to use a Letter of Credit (LC).
    A letter of credit, also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods. Letters of credit are used extensively in the financing of international trade, where the reliability of contracting parties cannot be readily and easily determined. Its economic effect is to introduce a bank as an underwriter, where it assumes the credit risk of the buyer paying the seller for goods.
    Here is a very simplified diagram of the LC process:

    Now we are getting to the interesting stuff.
    What does it mean for us?
    The reason why I created this topic is: Forex exchange risk
    Companies trade forex to hedge the risk associated with foreign currency translations.
    Foreign exchange risk (FX risk) is a financial risk that exists when a financial transaction is denominated in a currency other than that of the base currency of the company. The exchange risk arises when there is a risk of appreciation of the base currency in relation to the denominated currency or depreciation of the denominated currency in relation to the base currency. The risk is that there may be an adverse movement in the exchange rate of the denomination currency in relation to the base currency before the date when the transaction is completed.
    Let's take an example:
    You are a French wine exporter (yes French, it's me who decide here ) and you concluded a contract with a US customer on March 1st of 2019. The deal is processed for an amount of $ 50,000 with a payment term of 3 months.
    As of March 1st, the exchange rate between the dollar and the euro is $ 1 = 1.5 €
    On June 1st, the exchange rate has changed; it is now $ 1 = 1.0 €
    The claim of the French exporter thus goes from 75.000 € to 50.000 €: the miss to gain is thus of 25.000 €
    So how to protect yourself from the FX risk?
    Many opportunities are available to protect you against foreign exchange risk. You can indeed:
    Bill in your national currency and therefore transfer the risk to the other contracting party. This solution is the simplest for a company. However, firms should be particularly aware of the impact this choice may have on the competitiveness of their products / services: a competitor who agrees to invoice in the buyer's currency may be more attractive to the foreign buyer. Insure against this risk to a greater or lesser degree depending on the arbitration you have to exercise between security (minimum or no risk of exchange that you agree to take) and the profitability of the operation (impacted by the cost the coverage you will have to pay). Take advantage of the various hedging instruments offered by the banks: Advance in export currency: this technique allows you to eliminate the foreign exchange risk (for a transaction actually paid at maturity) while financing the payment period granted to your buyer. The sale of forward currencies: you can establish in advance with your bank the price at which you will sell the currencies you receive in settlement. Currency risk is fully hedged provided that the timing coincides with the settlement. The forward exchange with profit-sharing: allows you to partially benefit at the end of a possible favorable evolution of the currency used, while guaranteeing you a minimum price. oThe exchange option: a hedging method that gives you the greatest flexibility to benefit from the favorable evolution of the currency rate. The last part is the most interesting for us as it is the solution the most widely adopted and it involves a lot of FX transactions.
    The forward exchange (futures)
    The forward exchange is an exchange of 2 currencies on a date (the value date) and a traded price (futures). This type of contract makes it possible to fix in advance a price between 2 currencies, and thus to hedge against the FX risk.
    The characteristics of a forward exchange transaction are defined in relation to a spot price (the price used for the spot exchange) for the day's transactions.
    The difference between spot and forward is called "term points". When the futures price is higher than the cash price, it is called "report". When the futures price is lower than the cash price, it is called "offset". But how is the futures price determined?
    Calculation of the forward rate
    (you can skip this to the Back-Office part if you want)
    Futures prices are not quoted as such in the market. For each currency, however, we know the rates of loans / borrowings on different maturities. These are the rates that will be used to calculate futures prices.
    From the point of view of the trader who quotes the transaction, the forward exchange amounts to combining 3 transactions:
    A "spot" exchange in the same sense as the futures transaction
    A loan of the currency purchased over the same term as the futures transaction (the loan repayment flow, a cash flow, coincides with the forward purchase)
    A loan of the currency sold (the repayment flow coinciding with the forward sale).
    The following graph illustrates the reasoning in the case of a forward purchase of the currency D1 against D2. Beware the dotted flows are fictitious and are only there to support the reasoning, only the flows at Value Date are real.

    Let's suppose the trader who is quoting the transaction is working on the following prices:
    Spot price D1 / D2: S12 / S21 (which means that the trader buys at S12 and sells at S21)
    D1 rate: t1e / t1p (which means that the trader lends the currency D1, over the period considered, to t1p, and borrows from t1e)
    D2 rate: t2e / t2p
    And that he must quote a forward purchase of an amount M1 of currency D1.
    In order for the repayment of the notional loan of the currency D1 to correspond to this amount, he would have to lend today the amount M'1 such that:
    M 1 = M'1 + M'1 * t1p * N / 36000 = M'1 (1 + t1p * N / 36000)
    Where N is the loan term, in number of days.
    Similarly, the amount M2 paid in the future corresponds to an amount borrowed today M'2 such as:
    M2 = M'2 + M'2 * t2e * N / 36000 = M'2 (1 + t2e * N / 36000)
    and the term course sought is such that:
    T12 = M1 / M2 = (M'1 (1 + t1p * N / 36000)) / (M'2 (1 + t2e * N / 36000))
    We know that the spot price S12 is such that:
    S12 = M'1 / M'2
    So !!
    T12 = S12 (1 + t2e * N / 36000) / (1 + t1p * N / 36000)
    S12 is the price of the spot purchase
    t2e is the rate of borrowing the currency price
    t1p is the loan rate of the negotiated currency
    And conversely for a forward sale:
    T21 = S21 (1 + t2p * N / 36000) / (1 + t1e * N / 36000)
    S21 is the spot sale price
    t2p is the loan rate of the currency price
    t1e is the borrowing rate of the negotiated currency
    It's a bit complicated but once you enter the formula in an Excel sheet you do not think about it anymore!
    This means that the futures price, contrary to what one might think, is not an anticipation of what the spot price will be in the future. However, it is based on an evaluation of the value of currencies, via market rates.
    And finally we get to the juicy stuff.
    What is happening in back office ?
    The Back - Office system has the function of materializing the trades negotiated by the trader:
    Vis-à-vis counterparties:
    Emissions confirmation: currency exchange transactions are confirmed by SWIFT MT300 messages.
    Issuing payments: generation of a payment order (MT202) for the correspondent in the paid currency, a notice of entry of funds (MT210) for the correspondent in the currency received. If the counterparty is internal (customer, deal between 2 desks), the payments are made via accounting (debit / credit account).

    The chart below illustrates the flow of information between 2 banks and their correspondents in the event that Bank A sells Currency 1 against Currency 2 to Bank B:

    It is literally a maze of flows of information and payments.

    Why did I create this topic ?
    To enlighten all the flows of information and payments banks have to deal with when the FX is involved, and most particularly in the event a B2B relation (International trades).
    Ripple's solutions (messaging + xRapid) hopefully will help circumvent the issues we know.
    I am sure I forgot a lot of stuff, I didn't talk about all I had in mind on purpose, it was a lot to write in a single post, so please be kind.
    Thank you

  13. Haha
    TheXRPer got a reaction from bloodhound in It’s right in front of us   
    Chinese New Year is almost here. 
  14. Like
    TheXRPer got a reaction from tony71 in It’s right in front of us   
    Chinese New Year is almost here. 
  15. Confused
    TheXRPer got a reaction from Yodaxrp in It’s about the Valuation, stupid!!!   
    XRP has more than 100 Billion units. 
  16. Thanks
    TheXRPer got a reaction from opaopa in All female woman's space walk cancelled. Possible P.R opportunity   
    Great! Another virtue signaling thread. 
    Look, these women don't need your sympathy or platitudes. They know they can take more Gs than you can do push-ups. They are't also not the first or most recent to ascend to the heavens. 
    And what exactly does this have to do with Ripple or XRP again? 
  17. Like
    TheXRPer got a reaction from bloodhound in All female woman's space walk cancelled. Possible P.R opportunity   
    Great! Another virtue signaling thread. 
    Look, these women don't need your sympathy or platitudes. They know they can take more Gs than you can do push-ups. They are't also not the first or most recent to ascend to the heavens. 
    And what exactly does this have to do with Ripple or XRP again? 
  18. Like
    TheXRPer reacted to King34Maine in Coinbase - Xrapid - Moving money   
    He says this now because:
    1. Binance is kicking Coinbase's ass.
    2. He greatly underestimated other digital assets and tokens. 
    In his severely warped utopian world only BTC, ETH, and a few ERC-20 tokes were legitimate.
  19. Haha
    TheXRPer reacted to Plikk in 100k stuck since 2018   
  20. Like
    TheXRPer got a reaction from quetzalcoatl in TransferWise executing cross border payments in secs without using any Ripple solutions   
    It's a mySQL issue. Most forums are installed on one server and the database on the other. It could be that the forum is running an outdated php version than the my mySQL server or the mySQL server is unable to handle all of new data or queries being made.
  21. Like
    TheXRPer reacted to Skippy in TransferWise executing cross border payments in secs without using any Ripple solutions   
    Stop acting like a cult people. Defending your glorious XRP with laughter. 
  22. Like
    TheXRPer reacted to EasterBunny in TransferWise executing cross border payments in secs without using any Ripple solutions   
    You’re neglecting slippage and exchange fees which add to the cost that clients pay to use XRP. 
  23. Like
    TheXRPer reacted to Kpuff in TransferWise executing cross border payments in secs without using any Ripple solutions   
    Payments and settlement are two totally different things. Hell most payments nowadays can be credited within seconds but are not settled until days afterward. That’s literally the entire point of ripplenet and xrp. For instant settlement without nostro vostro accounts. I can’t believe how many times we have to go over this topic. Payment does not equal settlement!!!!!!
  24. Haha
    TheXRPer got a reaction from Cesar1810 in coinbase pro down   
    You have to give him money. 
  25. Like
    TheXRPer reacted to Julian_Williams in Xendpay   
    They are using Ripple

    Marcus Treacher , mentions Thailand and the Philippines.  The Philippines which is an XRapid corridor : TWitter https://twitter.com/marcus_treacher/status/1114078031755264001?s=21


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