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WuWei

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  1. "And if you think Banks would not do this to save and make more money you are WRONG. However, due to regulations its not legal to do this, and banks tend to be very conservative when it comes to regulation. When regulation is completed, banks will jump on this technology so fast many will be shocked. And which crypto is strategically aligning with regulators and banks??.....yep.....XRP" Exactly! What people seem to be overlooking in the regulatory piece of the puzzle, is that banks can't risk holding xrp and therefore can't really jump on board at this time. Why? As has been said on multiple occasions, the necessary liquidity to enable the large-scale transactions that they handle, isn't yet up to snuff - I believe that the ODL treasury pivot was exactly for this reason - they tested it and saw that it would be too limiting at full scale: at this time. Ripple is scrambling to both provide an alternate means of custody, (Polysign) and to ramp up liquidity in each of the corridors that are opening up, while anxiously awaiting the regulatory clarity issue. The U.S. is dragging its heels, which might reflect a fear of losing control of the reserve status of the dollar as alternative forms of "money" are likely seen as a threat. Look at what the U.S. did to silver shortly after the 2008 financial crisis where they stepped in and raised margin rates for the first time since doing this to bust the Hunt brothers control of the market. They did this when silver ran up into the $40's and then several months later, when silver started to come back after they crushed it, they went and did it again. The U.S. obviously doesn't feel as threatened by Bitcoin or Etherium, likely because they don't see them as having anywhere near the same potential to be instantaneously liquid. I might be way off base, but I've gotta wonder if this isn't the reason why it's taking so long. Imho, Ripple is doing everything in their power to engineer an "end-run" around this stalling, by organically growing the liquidity pools. Once banks can hold xrp, sourcing additional liquidity will become a piece of cake.
  2. May 5th: ISO 20022 ---> May 27th RippleNet Cloud ---> June 18th PayID These three - Wow!!! Corridors are starting to light up everywhere. Ripple anticipates global coverage by this time next year. I won't make a prediction as to what xrp will be going for in a year, but I've got no doubt that it's going to be a crazy exciting year to watch this all coming together.
  3. "...growth will be organic and slow, not forced onto FIs, so a niche solution like micropayments makes sense for Ripple to pursue for XRP..." My read on Ripple's recent pivot away from treasury transactions back to international remittances, is that they saw that they needed to develop the liquidity pools further, in order to effectively/efficiently handle the larger transactions. They've specifically spoken about this "chicken and egg" situation in regards to what's slowing adoption. A ways back, David spoke about both regulations and insufficient liquidity as being their primary hurdles, and I believe that they view the remittance market as the way to ramp up liquidity. Building out the infrastructure, and developing a global network of assorted FI's, is rolling along spectacularly, such that soon, ever more of their focus will shift to developing liquidity in each of the corridors. I feel that they've seen first-hand what levels of liquidity it will require to service these larger transactions most efficiently, and they're going about that with remittances.
  4. The consumer isn't concerned about the differential between payment and settlement: it's all about time and money. And likewise, once security, privacy, and legal issues are all worked out, businesses will naturally adjust their focus towards saving time and money. Why wouldn't they?
  5. What? SBI is rolling out MoneyTap now if my understanding is correct. Lots of progress being made on an ever increasing number of fronts: things appear to be coming together quickly now.
  6. You add so much to these posts - maybe you should quit your day job and try your hand at being a comedian....
  7. I for one, am enjoying these posts - nothing nasty or mean spirited even if there's a bit of over-the-top wishful thinking going on. The irony is that with the way Ripple is building out its infrastructure, and with all reports being that it's so far superior to what currently exists, it's hard to predict what actually might come to pass in regards to xrp valuation. "All the money" is a big prize, and the efficiency with which xrp works to convert between currencies, can't be ignored. People, and institutions, are often self-serving, to the point where "laziness" factors in: especially if it doesn't cost anything. If Ripple proves that they genuinely save people/institutions time, effort and money, then their adoption will become a no-brainer. It brings this quote to mind: "Efficiency is ultimately a highly modified form of laziness."
  8. "....seventeen running on the Cloud." That's impressive for how recently Ripple rolled out the Cloud. Ripple is now picking up momentum at a blistering pace. It's incredible what they've been able to accomplish in only a few short years: against a lot of resistance even. The seemingly vast supply of xrp locked up in escrow, will very soon, not appear to be nearly as excessive, or over-the-top as it once did. Regulatory clarity is next.....
  9. While WU initially said that Xrapid/xrp wasn't of any benefit to them in the corridors that they were already established in, they later stated that they could see a future use in in order to expand into the markets in which they had no presence. WU was also reported to have been recently re-testing xrp, so it stands to reason that they concluded that this would be the easiest way to expand their reach. The takeover of MG makes perfect sense to me.
  10. "The second bank recently authorized by FINMA to offer crypto services is Zurich-headquartered Incore Bank, a transaction bank that provides outsourcing services for financial institutions, such as settlement, custody, payments, accounting, compliance, and tax support." And: "This makes Incore Bank the first Swiss business-to-business bank to offer financial service providers and institutions worldwide easy and secure access to a new and forward-looking asset class." Looks like this is going to be a Swiss alternative to both SWIFT, and the correspondent banking network. Incore looks poised to become a both major market maker and a new ODL corridor. Sweeeet!
  11. I remember reading something from WU describing how Xrapid wouldn't be of significant benefit to them for their existing corridors, due to the infrastructure/systems that they already have in place. They then went on to add that they could see possible utility by allowing them to expand into; and therefore be competitive in; areas where they weren't currently established. I can't recall where I came across this, but I do recall that it allayed some of my concerns about the initial negative WU reports.
  12. Idk, but I rather like the way that SquaryBones and Dogowner5 went back and forth - it was very respectable and civilized, and I think that I learned a little from it. Perspectives are priceless and I for one, enjoy being exposed to a variety of them; even when they challenge my understanding of things.
  13. Wow, impatient much? Since 2018 even? Daggone, that was yearrrrrrrs ago, wasn't it? "(please don’t tell me that using RL Software is the first step to using XRP. If that is the case there have been plenty of banks using RL SW since 2018 and none of them have moved to XRP for massive settlements— if the message is crawl walk run, our baby is about 2 years behind schedule, and needs to get up of it’s hands and knees and do something)" I'm guessing that you somehow think that the massive pools of liquidity necessary for handling very large transactions can be engineered overnight, right? I myself am very comfortable with "crawl, walk, run." It's all about the direction that Ripple is heading, and are they on the right path to get there. I'm gonna go out on a limb here and presume that you've never "enjoyed" the pleasure of backpacking - a lot of good lessons come from it. First and foremost, is that rarely is anything accomplished in "leaps and bounds," - it comes down to perseverance and being comfortable with "baby steps."
  14. By all means, please inform me, oh one of such wisdom and insight? I especially enjoy when people are so quick to criticize and mock others, and yet, they fail to offer anything of substance, either in potential solutions, or even worse, in worthwhile critique. Although my point might be lost on you, there's a world of difference between criticism and critique. While one has it genesis in the positive, productive energy so frequently necessary to bring about change, the other is almost exclusively the domain of negativity. Either make for great mirrors of their progenitors.
  15. I think that the solution is actually very simple. If xrp adoption hits a critical "tipping point" where it becomes clear that its use will become at least a significant part of "the standard," then a wave of institutions would likely want to hold it: if regulations will allow this. At this point, to alleviate any fears and concerns of Ripple wielding too much power, they could set an agreed upon price for all future escrow sales, which would only be made to "legitimate" financial entities. Let's imagine that the price hits $4 or $5 and it's utility as a liquidity tool becomes overwhelmingly beneficial to FI's. Ripple could then fix the price of a significant portion of their escrow, at a low-ball value of say, only $1. This would not only immediately boost both its use and utility, it might actually help "rescue" the books of many of those institutions which might have been on the verge of collapse. Per a purchasing agreement, they'd be required to hold this "$1" xrp for either a set period of time or after the market value of xrp reaches at set value. And maybe within these agreements, could be a clause that allows for very limited sales in order for these institutions to raise cash and therefore gradually return to solvency. Ripple could then do the same for whatever portions of escrow months remain, possibly boosting the final price to $10 when xrp's value reaches triple digits. Not only would this solve the evolving liquidity crisis, it could reassure governments; both ours and others; that it's in their best interests to support Ripple's efforts and not attempt to intervene with restrictive regulations. This might ultimately result in a free-market solution to a global economic crisis. Idk, it seems like a reasonable strategy to me, however, I'd love to hear what other's think, or what I'm missing...
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