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About Jumanji

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  1. You are right. I posted what I had remembered the tweet saying and then found the actual tweet. It definitely sounds like in that dream scenerio the SWIFT banks would be paying SWIFT for the opportunity to use Ripplenet. Which makes more sense. I can't imagine why SWIFT would turn down an offer like that.
  2. Here is the tweet i was referring to:
  3. I remember seeing a David Schwartz tweet saying that his dream scenario would be where Swift could settle payments through ripplenet with the option to use xrp. Adding to that he said something to the effect of Ripple possibly being willing to offer their services to the Swift banks for free or even pay Swift a fee to connect all of their member banks. I get the impression that some of the negative public comments made by Ripple employees about Swift may have been a negotiating tactic. i envision a back and forth negotiation happening behind the scenes, with both parties acting like they don't need the other to be successful. I think it was Marcus Treacher who said that Swift had been testing Ripple tech for years in their labs and are very familiar with what Ripple can offer. It would be an xrp investor's dream come true if they actually struck a deal and are working towards implementation.
  4. Is this good or bad? Wouldn't it be better to get an official ruling in federal court declaring XRP not a security? I was kinda hoping to see Ripple's former SEC lawyers tear apart Mr. Coffey in court.
  5. If they implemented xRapid, they could lower their fees while still increasing their profit margins. It could be a win win for both WU and the customer. They don't need to pass on the entire 40-60% savings onto the customer. Decrease customer fees by 10-20% and pocket the rest as profit. I'm interested to see if WU can survive the next 10 years. I think of them as Blockbuster Video in the early 90s.
  6. True, and good points. I was more commenting that I haven't heard him mention that take on banks before. It's not his typical narrative.
  7. Great interview, thanks for posting. I thought it was interesting when asked if he would rather own Bitcoin or bank stock (one of the last questions at the end of the video), David said that he would rather own Bitcoin because banks would be disrupted and he didn't know if they will ultimately survive. I thought that was interesting coming from him, someone who is designing software and a digital asset to work specifically with banks. Why design a product for banks if they will ultimately be disrupted and fail? I knew he and Brad were bullish on Bitcoin but I don't think I've heard him comment negatively on the future of banks before.
  8. I like that Brad feels confident enough to make a statement like this. It shows me that he feels strongly (or already has confirmation) that the SEC isn't going to step in an label xrp a security, which I believe would delay the adoption of xRapid by banks considerably. My understanding is that we need to have clarity on this matter before big banks start settling transactions with xrp. How ever you want to pick apart what Brad said today, it is good news.
  9. Yes, just like @skywalker described. The whole accreditation thing is kind of ridiculous, but I guess it is the government's way of protecting us from ourselves. Although, they are okay with us buying lotto tickets, scratch tickets and gambling at casinos. Here is how the SEC defines an accredited investor: An accredited investor, in the context of a natural person, includes anyone who: earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, OR has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence). On the income test, the person must satisfy the thresholds for the three years consistently either alone or with a spouse, and cannot, for example, satisfy one year based on individual income and the next two years based on joint income with a spouse. The only exception is if a person is married within this period, in which case the person may satisfy the threshold on the basis of joint income for the years during which the person was married and on the basis of individual income for the other years. In addition, entities such as banks, partnerships, corporations, nonprofits and trusts may be accredited investors. Of the entities that would be considered accredited investors and depending on your circumstances, the following may be relevant to you: any trust, with total assets in excess of $5 million, not formed to specifically purchase the subject securities, whose purchase is directed by a sophisticated person, or any entity in which all of the equity owners are accredited investors. In this context, a sophisticated person means the person must have, or the company or private fund offering the securities reasonably believes that this person has, sufficient knowledge and experience in financial and business matters to evaluate the merits and risks of the prospective investment.
  10. I just purchased some Ripple shares on the secondary market though equityzen. They had the minimum investment at $20,000. The valuation that they gave for Ripple, the company, was around 5 billion.
  11. I like it when you see the FED using the same talking points as the Ripple executives, i.e. "pain points". It would have been a dead give away if they were to say the quickest way to send money from London to New York would be to fly it there in a brief case. ? How the challenges and solutions are explained It almost sounds like Brad G or Chris Larsen were writing this article. It definitely sounds like they are describing XRP for settlement, without actually saying it by name. It's also encouraging that they mention settlement for securities transactions. "Many of the use cases focus on the areas of post-trade clearing and settlement of securities transactions, cross-border payments solutions, and trade finance. The common thread running through these use cases is the presence of operational "pain points" that generate inefficiencies and delays for users." "The private sector has been exploring a variety of ways of deploying the underlying technologies of digital assets that are native to a particular wholesale platform, to help to facilitate finality of settlement." That's XRP they're describing!
  12. Well, we know that xRapid is getting ready to go live at about the same time as this event, so I wouldn't be surprised to hear that mentioned at the party. I really think this party IS a celebration of xRapid going live.
  13. This is huge! It is looking like Ripple is positioning to have their foot in the door of the Chinese market. There is an avalanche of cash waiting to be released behind the great wall of China.
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