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Paradox

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  1. It is unbelievable to me how many people who are interested in XRP succumb to hype artists and conspiracy theorists, who brush off any mention of accountability or responsibility by proclaiming "DYOR" at the end of every sensationalist production. Makes me sick.
  2. No, I don't believe so. Volume figures are so low, faking them would not make a difference in attracting new traders IMO.
  3. Hi @iLeeT, To add on to what @Panosmek was saying, it is also possible that xRapid payments are broken down into many smaller payments, as this would help obscure the total amount being sent, as well as avoid executing large-chunk market sells which eases price volatility. For example, see these transactions, all sent from Bitstamp to Bitso, in almost identical size, all within minutes all with the same destination tag: https://xrpscan.com/tx/42B84A78638F6298DDCFE66CF07381FD59DC7B372179CCB31EBFAE8D88781BAE https://xrpscan.com/tx/BDE071452750C865D2D6D2D8DD0EBD2CA8BBC99EC4490890E5D00F95D7E217BB https://xrpscan.com/tx/355818CE1B8BDC652A1789D06A3423E450C5D38F6CC529B404051DD7D2D78EF2 https://xrpscan.com/tx/36CBEBD03F752971FDEEA4156FF7F0DAC11408F246DB5024DE904C5D0A134C88
  4. Where did you see me make a claim about xCurrent and XRP price? I was responding to a specific question about xCurrent.
  5. Great questions @BehindtheLedger. I know myself and many others on XRP Chat have been curious about xRapid volume. It's hard to tell whether it is really "turned on" yet. Maybe @BobWay can help us understand a little more on this topic.
  6. From what I understand, Ripple doesn't make the xCurrent figures pubilc. However, certain xCurrent customers have stated publicly that they have been sending a "couple billion" through the network.
  7. Paradox

    Hi! I'm Bob

    @BobWay Do you believe mass liquidity/mass adoption of XRP (if only for market making) can be achieved in the current regulatory landscape? Or is the current regulatory environment still a hurdle/anchor that needs to be addressed before mass liquidity/adoption can take place?  Thank you again for your time and insight.
  8. Paradox

    Hi! I'm Bob

    Hi @BobWay! First and foremost, welcome! I know you have a lot of other interesting questions to answer, but if you have time I'd like to understand the following: Do you believe mass liquidity/mass adoption of XRP (if only for market making) can be achieved in the current regulatory landscape? Or is the current regulatory environment still a hurdle/anchor that needs to be addressed before mass liquidity/adoption can take place? Thank you again for your time and insight.
  9. Do you anticipate an AUD xRapid corridor opening up at some point this year?
  10. CIMB is a RippleNet client. Not sure about ING: https://ripple.com/insights/cimb-group-joins-ripplenet-to-power-instant-payments-across-asean/
  11. Do we know if the Digital Asset company utilizes XRP as well?
  12. If anyone else is interested, I have spotted a certain address on the XRPL that has been streaming XRP payments (1-2 every single ledger close) to the Philippine xRapid partner Coins.PH. These payments have been going on for at least six weeks (when I first noticed). Each payment seems to be going to a different destination tag at the main Coins.PH address: https://xrpscan.com/account/rUtCyL45mkqkSqvnoGMHJsqopmrAr1azDa Furthermore, this address never carries a large balance, but is constantly being refilled with <1000 XRP. I'd be curious as to what is going on here.
  13. You have literally no idea what you are talking about. xCurrent CAN settle. Look at Ripple's website. I am done engaging with you. Huge waste of time.
  14. The reason I personally believe it is still xCurrent based is because the additional announcement isn't a second announcement about joining RippleNet, but rather about the new capability of their mobile banking app, that utilizes their existing relationships with other banks via xCurrent: An additional reason I believe this is still xCurrent is related to Navin's claim about its use for NRIs (non-resident Indians). As far as I know, banks in India are still banned from dealing in crypto currency. I am not aware of any FIs in India that are using XRP at the moment, so I'm not sure how well this integrates with Navin's tweet. No outbursts here, just clear, concise thinking. Based of the knowledge at hand, there is no evidence currently for XRP use. I am happy to be proven wrong.
  15. Your Question: If they were ALREADY using xCurrent, what are they using now? My Answer: Probably still xCurrent, but I do not have enough information to know 100%. The additional announcement could be for marketing/PR purposes, or that they have gone from a pilot to full production xCurrent. You have to do mental gymnastics to go from additional announcement = XRP use (see my comment regarding hopium). Your question: At what stage does xCurrent fund their account? My Answer: xCurrent is not a funding mechanism, so I'm not sure what you are asking here. xCurrent is software based on Ripple's DLT tech that, once again, coordinates a simultaneous debit and credit between two transacting parties using existing nostro/vostro relationships. While this solution is, in fact, instant, it doesn't address trapped liquidity like xRapid does. You are getting defensive so I will stop antagonizing you, but its clear you continue jumping to conclusions (making claims about what I do and do not know about before hand) without proper knowledge. All the best.
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