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  1. To @ADingoAteMyXRP's point - I am curious about the big picture vision, too, as what we've seen of the content monetization doesn't appear that impressive. I only have one internet subscription to manage. My pet theory is that coil becomes a way for cable/telcom/ tv channel providers to offer channels à la carte finally; a partnership w/ Disney and their acquired streaming services as the flash point. Could be excellent, but the strategy is still opaque to me.
  2. An update: An unnamed official told the state news agency, MENA, that the proposed banking act, to be introduced as of May to the House of Representatives: Gives the CBE regulatory power over the use of cryptocurrency in Egypt Will create a fintech sandbox Companies looking to establish digital currency and cryptocurrency platforms will be required to obtain licenses This is a step forward given banks are forbidden from using crypto/digital assets currently. https://www.alborsaanews.com/2019/05/28/1208675 For reference, Cointelegraph produced a great infographic about Egypt's crypto positions. Also worth noting, Egypt has recently signed an MOU with Dubai regarding financial oversight/regulation/crime. They have had a close relationship for a while, of course and I probably don't need to tell you Ripple has offices in Dubai, which while tantalizing, is not the point. http://www.mondovisione.com/media-and-resources/news/dubai-financial-services-authority-signs-mou-with-the-central-bank-of-egypt/ Finally, Ripple partner remittance firms MoneyGram and dLocal both service Egyptian corridors, though there is no indication of Ripple use there. https://nilsonreport.com/upload/issues/1137_7722.pdf http://moneygram.eg/en
  3. This is very exciting and I hope productive for the Ripple use-case development! One concern is that the foundation is receiving/disbursing monies and yet all we know of the board are their twitter cartoons and avatars. I am not aware of the legal jurisdictions involved, but I don't think it's a reassuring look to people who are not already aware of these characters and their participation in the Ripple conversation. Will this be changing or is it intended as a proof of the robustness and transparency of a public ledger? Anyways, looking forward to great things from this creative endeavour. Cheers.
  4. The patent is for identity on blockchain and the figure (8) that lists Ripple is a taxonomy of different types of blockchains. It isn't about Ripple, it's about identity tracking w/ various chains. For example, just below the mention of Ripple, Bitcoin is mentioned as a untrusted consensus chain. Hopeful in that they are looking towards the future but not a plan for Ripple specifically.
  5. Interesting. Cruz was listed as a strategic advisor earlier, too, so I don't know if it represents a structural board change or website organization. Good catch, though.
  6. I'm a little more skeptical of the pan-African initiatives these days given the different political environments, so I tend to focus on national development. The Gates Foundation is influential, but won't primarily determine banking in Africa; my hunch is Egypt (and S.Africa) could drive African adoption, not the other way around. I'm still not sure what to think of Mowalli but Mojaloop is primarily for domestic payments, not international, and IIRC they have stated that it will not use XRP, but Egypt has cross-border needs and close ties to the Middle Eastern banks and governments already using Ripple more than those of central Africa. When banks build out their mobile networks, the ILP will really come into play.
  7. I think Egypt is a place ripe for Ripple adoption. Of course, I hope this about most places so here is some data that makes it worth keeping an eye on. [1] In the most general of ways, the situation in Egypt might seem familiar to the situation in India: the government has alternately outlawed and permitted crypto. Currently it is not exactly clear where they stand on it, but there has been a recent legal push towards licensing. [https://cointelegraph.com/news/egypt-lays-out-path-for-a-crypto-future-with-draft-law ] [2] The country intends to move towards a cashless society, but they have a very high amount of unbanked people. [ https://www.egypttoday.com/Article/3/68491/Sisi-approves-cashless-methods-of-payment-law ] To this end, the government is working on a unified card for citizens to receive all their government entitlements such as salaries, pensions or subsidies, tied to either a bank or an Egypt Post account. They are also "working aggressively" on encouraging mobile money & mobile wallets use. Government is also working with the CB to offer microfinancing through mobile applications. This effort will provide banking to 20mill + unbanked. [ http://www.theworldfolio.com/files/file/report-5cae38c273220.pdf ] (Left & Right columns) [3] Significantly, these efforts are connected to a three-year programme, FIGI, led by ITU, the World Bank Group and the Committee on Payments and Market Infrastructures (CPMI) of the Bank for International Settlements, with support from the Bill & Melinda Gates Foundation... [https://news.itu.int/how-egypt-builds-trust-digital-financial-services/ ] Likewise, the use of Post Banks for financial inclusion is something the Universal Post Union, with support from the Gates Foundation, has been behind. [http://news.upu.int/no_cache/nd/gates-foundation-helps-upu-support-partnerships/] [4] Recently, the Central Bank of Egypt, in december, said it will issue a digital currency [ http://en.amwalalghad.com/egypts-central-bank-studies-issuing-digital-currency-official/ ] While it is not clear what platform might be used, it is worth noting that the government owned National Bank of Egypt and the largest private bank, the CIB are both members of R3, Voltron. This largest private bank and R3 Partner, CIB, intends to build out a DLT network in 2019. In their EOY 2018 annual Report, they claim to have tested "different use cases for potential development into live projects and built a local blockchain network for banks and different financial services providers" [https://www.cibeg.com/English/InvestorRelations/FinancialInformation/Annual Reports/Annual Report 2018_002.pdf ] [5] Another piece of the puzzle might be that Kuwait's NBK, a Ripple partner, has a significant presence in Egypt and their other neighbors, Saudi Arabia are also involved with Ripple. So too, UAE, and the major bank in Oman. [6] Finally, consider that Egypt's Suez Canal Economic Zone, has deep ties with Russia. Russia is building a huge economic zone in this trade/port center for Russian manufacturing and trade with Africa, Middle East and Europe. Putin claimed $7billion will be invested. At the same time, with so much trade finance at stake, both the EU and Russia are investigating alternatives to SWIFT to avoid US financial control. [https://www.rt.com/business/452047-russia-industrial-zone-egypt ] [https://uk.reuters.com/article/russia-banks-swift/russia-backs-global-use-of-its-alternative-swift-system-idUKL8N2163BU] [https://english.mubasher.info/news/3333401/EU-starts-SWIFT-alternative-money-transfer-system] [7] In 2018, Egypt received the 5th largest amount of remittances. The first list: India China Mexico Philippines Egypt That list should look very familiar to Ripple fans... [https://migrationdataportal.org/themes/remittances ] /end
  8. Your thoughts here and in the other thread are on point; well said. I'm hoping for micropayments in things like utility bills, not blogs.
  9. Thanks @jbjnr, enlightening and always a pleasure.
  10. It's too far, I tell you. Next thing you know every XRP believer will start shilling other coins, like CSC, or TRX..
  11. My first guess is that it is a JPM Coin connection between participating members. Kyriba's FireApps is a way to manage/inspect/project FX exposure, the likes of which Ripple would render somewhat obsolete (?). But they did take on Ripple as a client in 2018 so we have a clear way to connect Ripple & JPM channels. And then they say stuff like this on their website: https://www.kyriba.com/blog/bob-stark/top-six-treasury-trends-afp-2018 They want to offer a lot of payment channels as treasury software. Hopefully some of them will move XRP, but we need more info. (edit - @LordVetinari said it better :lol:)
  12. To throw a little fuel on the fire, Apple is running the card through MasterCard.. I don't think XRP is in play here, but it is still good news - it puts a lot of heat on banks and even Visa for retail banking. Apple's already got a huge reach and is accepted everywhere, now convenient for a mass of people to use their card instead. Hopefully banks take it as a kick in the butt the GAFA's are moving in and move faster to adopt tech. In the meantime, I guess everyone is still dependent on acquiring banks for the ACH scheme?
  13. Now or never? Maybe. Vulnerable? Yes. I think most disruptive products are time sensitive. IBM just rolled out their new Stellar network with banks already on board. Is it technically superior or better connected? We shall see. They do, however, charge a network fee. Now Swift, IBM and Ripple are all competing: Swift has the banks already, IBM has the tech connections, Ripple has SBI/R3 I think some of the issue is understanding the vision for Ripple which, given the recent Bob Way conversations, does not seem to be, become the biggest FX payment company around. He speaks of the network as something almost invisible. I think the payment/FX aspect has entered an important timezone where it need to be adopted broadly, but establishing XRP as an intermediary currency behind all payments is a much longer term objective. It requires FI's themselves to digitize and build out connections. That is why it's good to see so many of the payment processors/platforms offer Ripple integration- the infrastructure takes them seriously. Everybody is also waiting on regulation <sigh>. I wouldn't be surprised if the price of XRP remains flat for another 3 years and then, tired of paying fees and with the digital capacity, everyone begins hooking up to the interledger to use XRP quickly & cheaply. I'm optimistic, but the numbers do tell a story:
  14. It occurs to me that this move, especially if mobile games are involved, potentially opens up the Ripple/ILP API for Apple Pay. And that would be a good stream to tap into. https://www.financemagnates.com/cryptocurrency/news/apple-introduces-interledger-api-apple-pay-payments/
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