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P3T3RIS

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P3T3RIS last won the day on January 10

P3T3RIS had the most liked content!

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About P3T3RIS

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  1. P3T3RIS

    xRapid - The Beginning Game

    it’s a figure of speech. Money was tied long time and huge amounts, now it gets freed to more profitable use 😊 Cool down, this is not that serious. But that is what happens. Money is freed to more profitable use
  2. P3T3RIS

    xRapid - The Beginning Game

    @Wandering_Dog liabilities turn into assets with xRapid, which I know you will understand 😊
  3. P3T3RIS

    xRapid - The Beginning Game

    @JA8 @lucky Please let’s not take this any further. Thank you.
  4. P3T3RIS

    Who is Sonny's counterparty on Bitso?

    @Wandering_Dog if you do not believe me, that is just fine. But counterparty is the corporate that arranges all that. That is the exchange. It is their responsibility to pay out your funds.
  5. P3T3RIS

    xRapid - The Beginning Game

    1. Price is what you pay, value is what you get. Simple as that. 2. XRP in exchange’s orderbooks is off-ledger. 3. Please, what is the value of XRP in XRPL? You wrote it is definitely not zero, so how much it is?
  6. P3T3RIS

    Who is Sonny's counterparty on Bitso?

    1. Random customers in receiving end’s exchange. Could be tens of thousands accounts depending on the size of the ”buy fiat with XRP” 2 xRapid is cross-border payment and settlement without counterparty risk. XRPL is the counterparty that removed risk in xRapid. When xRapid executes, it will settle funds to receiving bank’s account. This removes counterparty risk.
  7. P3T3RIS

    xRapid - The Beginning Game

    Yes, that is price of XRP in US dollars. But what is the value of XRP in XRP Ledger?
  8. P3T3RIS

    Who is Sonny's counterparty on Bitso?

    @LordVetinari could you route the payment end-to-end 100% KYC/Origin of Funds?
  9. P3T3RIS

    xRapid - The Beginning Game

    What is the value of XRP in XRPL?
  10. P3T3RIS

    xRapid - The Beginning Game

    Can you check my link, I explained it there from US to EU. 100€ paid out
  11. P3T3RIS

    xRapid - The Beginning Game

    @Wandering_Dog it happens, that more advanced importfocused countries with large balance sheets do not have to tie their national currency reserves to finance undeveloped, manufacture oriented countries as much as they have done when need for nostro/vostro accounts is reduced and more developed countries can find more profitable use for their money than financing undeveloped countries. That is how I see it currently. Will reserve rights to change my opinion at any given moment 😂
  12. P3T3RIS

    xRapid - The Beginning Game

    Very good point. It should read ”when payment enters ledger” ”or when xRapid executes payment”. think of it like a balloon that you blow up and once it is full, you send the air to other country, where person gets to breath it, except take the balloon out and move only that air that was inside. That air is the value, and what held it was just to keep it together until it leaves when ledger closes. The thing that keeps it together is XRP. How to explain it better? Did that make sense?
  13. P3T3RIS

    xRapid - The Beginning Game

    My text got updates today. Press refresh, and hopefully it is more self-explanatory now. https://p3t3ris.com/ I again notice some words and meanings I’m going to change, but I try to take a bit more distance to it and wait a day or two before doing it, unless someone pays attention to them.
  14. P3T3RIS

    xRapid - The Beginning Game

    XRP, The Standard of the Internet of Value Global liquidity to any market, any country, any place, anywhere. Fully exchangeable to any currency, asset or commodity. Transactions are settled in 4 seconds... from you... to any place on earth!
  15. P3T3RIS

    xRapid - The Beginning Game

    @Wandering_Dog That banks liability to you was issuing Central Banks asset on that bank, and when that liability disappeared, that asset returned to Central Bank to be used elsewhere. Value that moved in XRP jumped to other country´s Central Bank´s liabilities
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