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f-ledger

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About f-ledger

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  1. f-ledger
    Can users of the service purchase digital assets or is it strictly custodial in nature? Also, the use of Ripple’s logo instead of XRP’s strikes me as intentional.
  2. f-ledger
    I am in banking and can tell you that compliance departments at large banks are HUGE despite being a cost center. It’s just the cost of doing business in today’s regulatory environment. Of course, as we continue down the path of deregulation, and as technology (i.e. AI) continues to automate many traditional compliance processes, banks in the US are scaling back the armies of compliance personnel that were assembled in the post-Dodd Frank era.
  3. f-ledger
    Good read @Hodor! I completely agree that the market prices are not reflective of everything going on behind the scenes across this whole space right now.
  4. f-ledger
    Thanks! That was exactly what I was hoping to not be the case. Why would I hold some new stable coin to earn a lower ROI than many other investments out there...though I applaud them for providing an alternative to Tether.
  5. f-ledger
    Isn’t the whole point of xRapid interoperability? Why couldn’t settlement process of a SWIFT payment be handled via Ripple? I suppose it would just require the functionality on SWIFT’s end to talk to the XRP ledger...
  6. f-ledger
    Are we sure that Uphold intends to pay interest on XRP deposits? Or will they pay interest for you to hold their USD backed stable coin? Also, the inactive account deactivation thing is a major concern.
  7. f-ledger
    I heard that an employee asked WF’s CEO* (edit) about Ripple during that event a couple months back and he hadn’t heard of it... can you confirm?
  8. f-ledger
    Meh. It’s a cold, cold world out there. And banks are only loyal to one thing: $
  9. f-ledger
    ^This. R3 still has an impressive roster of global FI’s but has all but run out of gas. Ripple has the war chest, an impressive roster of FI clients in its own right, and the technology that R3 set out to develop but never delivered. It makes perfect sense.
  10. f-ledger
    It's all fun and games until someone builds a p2p app that's basically xRapid (edit: powered by the XRP ledger, of course) that allows the entire world to bypass banks. Hmm... maybe Xpring could fund such a project
  11. f-ledger
    It’s worth noting that at Ant Financial’s launch event they publicly trialed the first payment in front of a crowd - something that Ripple has done recently in NYC and on the Ellen Show. Seems like Ripple’s handiwork to me...
  12. f-ledger
    Awesome post. So much to be excited about right now despite all the onslaught of FUD plaguing the market.
  13. f-ledger
    The calm before the storm. No need to build hype among the general public when the goal is to build hype among the upper echelon of the global financial services world. They’re handling their business quietly behind closed doors, the results of which we will see in the years to come.
  14. f-ledger

    Maybe

    f-ledger replied to a topic in General Discussion

    Is anyone familiar with WU’s model and the flow behind their cross border payments? Are they even moving money the sender’s funds from Point A to Point B with each individual transaction like SWIFT? Or is their model to keep enough local currency on hand to fund the payment to the recipient at Point B in local currency? If it’s the latter, then I would imagine the WU system is simply a bilateral messaging service that potentially already occurs in near real time without incurring the sorts of time inefficiencies and clearing and settlement costs that banks and other payment providers exp
  15. f-ledger
    I agree, it seems fishy for him to make any conclusory statements after only 10 transactions. And why or how only 10 transactions...? That's supposed to be less than a minute of testing using xRapid at 4 seconds a piece.
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