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Found 114 results
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  1. Expect more details in the next month regarding dates. Still waiting for those dates they didn't forget right ?
  2. Ripple continues to build the Internet of value (IOV) and recently heralded new highways to liquidity within XRP. I discuss this progress - along with fascinating other news - in today's blog! Hope you enjoy; please leave any feedback below. Also, feel free to share my blog with anybody and on any platform - and thank you in advance for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  3. https://www.pymnts.com/news/2018/moneygram-ripple-cryptocurrency-blockchain-alex-holmes/ Thoughts on Ripple and DLT more broadly from MoneyGram's CEO Alex Holmes. Ripple has shared this on their Facebook page.
  4. I had a thought pop into my head and I haven't been able to find the answer to this, so maybe someone else can chime in. Can a payment sent through xCurrent be routed through another entity that is xRapid enabled or do both entities have to be xRapid enabled? In this case, the original sender doesn't have to touch XRP to reap the benefits of its use. They are technically both connected to the same network. I'll give an example to illustrate what I am mean. Lets say Bank of America decides to start using xCurrent. A BOA customer now wants to send a payment to a friend in Mexico using Banco Azteca. BOA uses xCurrent to determine the cheapest/fastest path to Banco Azteca. BOA determines that the quickest and cheapest path is through Cuallix, an xRapid enabled partner on the same network. Money goes BOA -> Cuallix. BOA's portion of the transfer is complete, they will have to settle the transaction with Cuallix at a future date. Cuallix now sends payment through xRapid, which converts to XRP and sends through Bitso to Mexican Pesos. Cuallix then transfers Mexican Pesos to Banco Azteca using their very efficient rails already in use in Mexico. In this scenario, BOA never touched XRP. They never exposed themselves to volatility of digital assets, and did not have to list their transactions listed on the public ledger for everyone to see their transactions. The transaction did however add to the volume of XRP payments, it just looks to us like an ever increasing amount of transactions being routed through Cuallix or Bitso. If BOA wanted to skip the hop to Cuallix, they could become xRapid enabled in the future and then transfer straight through Bitso. In the meantime, they still have a viable path to use that involves XRP. I'm not sure this is possible, but I'd love to hear from anyone with more technical knowledge of how these products work together.
  5. I'd say this is pretty great news ladies and gentlemen!
  6. I heard mentioned here that xcurrent liquidity will help xrapid liquidity. I dont see how that could work. Can someone explain? For example, the liquidity needed for xcurrent is in the following currency pair markets: "[BANK_A_USD_IOU]<->[BANK_B_USD_IOU]", "[BANK_A_EUR_IOU]<->[BANK_B_EUR_IOU]" Similarly, the liquidity needed for xrapid is in the following currency pair markets: "[BANK_A_USD_IOU]<->[XRP]", "[BANK_B_USD_IOU]<->[XRP]", "[BANK_A_EUR_IOU]<->[XRP]", "[BANK_B_EUR_IOU]<->[XRP]" So the liquidity that xcurrent and xraid uses are in completely different (currency pair) markets. One leg of the currency pair markets are the same in both xrapid and xcurrent (say BANK_A_USD_IOU), but I dont see how that makes a difference
  7. The momentum behind XRP and Ripple has quickly built into the size of a freight train. I make a good-faith attempt to cover all the news items of the last seven days, including The AMA (Ask Me Anything) session that David Schwartz held on Reddit. The other news items are extensive as well, including updates to xRapid customers, general Ripple technology adoption, and community updates. In addition, throw in two interviews with Ripple executives and you have a very busy week indeed. Hope you enjoy the read - please leave any feedback below. Also, feel free to share my blog with a friend or family member, or share it on any other forum or platform - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  8. Exactly 1mil volume each 30 minutes. Could this be someone sourcing liquidity using xRapid?
  9. https://www.coindesk.com/xrp-fits-ripples-payments-products-explained/ Surprisingly good article from the infamous CoinDesk, huh?
  10. With several nice xRapid announcements these weeks, I would love to check if we could somehow track transactions specifically related to those. As xRapid (at this moment) will be used with minimal exposure time to XRP (because of possible volatility), x XRP will be purchased from Exchange A, x XRP will be transferred to wallet B and x XRP will be sold to Exchange C, all within a very limited time frame. I'm curious if somebody could write an algorithm that would match these, enabling to track xRapid activity. Maybe it would be a nice challenge for the lad or lady behind the XRPL monitor on Twitter (does he or she have presence here at XRP Chat)?
  11. Hi all! I am wondering if we can see what are the implications on using xRapid. Cuallix is the only available example for now. Did they reduce fees for money transfer, how long do the transactions take from start to end(start being when one sends money, end being the receiving part has money in their account).
  12. On average, the bid side of XRP/MXN is ~30k XRP. Occasionally, there's a spoofy wall of ~250k XRP. Bitso is the only one of two exchanges (the latter being Bitstamp) that have been announced as xRapid-enabled. There must be something we might not know about happening in Mexico, else why would so many companies want to send money to/from there?
  13. https://mobile.twitter.com/Ripple/status/969196037251334145?ref_src=twsrc^google|twcamp^serp|twgr^tweet
  14. Speculation is welcome? Anybidea who the Xrapid liquidity partners will be. Say if the transaction is run on the public Blockchain I would think the current exchanges will be signed or plugged into ripplenet thru Xrapid. If I remember correctly Ripple said that the transaction on Xrapid can also be on the public markets. Will we ever know who the partners are. Or we will see the volume increase on exchanges and the transaction volume increase on the ripple net to speculate. Although I might be shooting the stars here or thinking out loud.
  15. Hey guys. So I'm trying to wrap my head around something. If a bank was to use XRapid to transfer money they would save on transfer fees but they would also be using the XRP token. Lets say Person A was going to transfer $100 to Person B. Would the $100 be converted to XRP based off of the price it's selling for? Like let's say XRP is trading at $1.50 at the time of the purchase. Does that mean the $100 is converted to XRP based off that trading price? So Person B actually gets 66.66666 worth of XRP tokens? ($100/$1.50) Also if that's the case, what if the price drops a little during the transfer? Does Person B not get the same amount of money anymore?
  16. Everyone wants the price to be $100 now. Who doesn't? This year is Xcurrent, with a few baby steps to Xrapid. Next year Xrapid, will pick up more. And 2020 will be the year of Xrapid. keeping your feet on the ground and looking at it unemotional is important.
  17. This comes from : https://twitter.com/jeremy_87110 xCurrent, xRapid and xVia, Explanation. I will try to keep this thread as technical as possible. @Ripple has a few products it provides to its clients. Each of the products provides additional/different functionality. Three main products by Ripple are: xCurrent, xRapid and xVia. 1/ xCurrent is made out of four parts: 1) Messenger - provides peer to peer communication between originator and beneficiary. Messenger is responsible for providing different information, like KYC, FX rates, payment details etc. 2/ 2) Validator - this component cryptographically confirms success/failure of a payment. It represents "single source of truth" for the transacting peers. Banks can run their own validator or can rely on a third-party validator (in which case BFT algorithm is used). 3/ Validator is also used to coordinate moving of funds accross ILP (@Interledger) Ledgers. 4/ 3) ILP Ledger - a subledger which can be incoporated into bank's current ledger. It is used to track credits, debits and liquidity across transacting parties. Funds are settled atomically, meaning that they are settled instantly or not at all. 5/ 4) FX Ticker - used to define exchange rates between transacting parties. This component facilitates the exchange between ILP Ledgers by enabling liquidity providers to post FX rates. 6/ xCurrent is independent from xRapid. Banks that use xCurrent do not have to use xRapid in their testing or in any point in time in the future. They still get a great service with lower costs. The idea of xCurrent is to enable faster cross border payments. 7/ Nevertheless, there are some cases in which @Ripple team enabled xCurrent to be used for domestic payments (e.g Japan). That was because domestic payments in Japan took very long time to settle. There is also a good example of xCurrent's primary role in Mexico (@Cuallix). 8/ Use cases that include xCurrent usually require that at least one of the parties has all four components (Messenger, Validator, ILP Ledger, FX Ticker) installed. The second party than has to operate only Messenger and ILP Ledger components. 9/ One of slightly different use cases is when a third party is operating this stack on behalf of e.g. originator. The payment provider then has to operate ILP Ledger and Messenger components. If this is the case, beneficiary doesn't have to operate any of the components. 10/ The second is when both originator and beneficiary are operating full stack when they have established a credit line with one another. In third-party liquidity scenario, liquidity provider runs FX Ticker and Validator, orignator and beneficiary run ILP Ledger and Messenger. 11/ The last scenario is planned for Q1 of 2018. In this scenario, both originator and beneficiary run full stack with all four components, while correspondent bank runs ILP Ledger and Messenger components. 12/ xRapid is meant to run with xCurrent to further lower the costs for banks. It is based on using $XRP to provide more liquidity for banks. They enable the banks to have their wallet with XRP instead of having to keep a number of nostro/vostro accounts. 13/ Funds that are kept in those types of accounts are so called dormant capital. This means that it can be used when there's a need, but the rest of the time it is just sitting there not being used and costing financial institutions additional money. 14/ If you wanted to keep 7-way accounts between 8 banks, where each bank would have an account in 7 other banks, that would take 28 accounts. That's like a full mesh network. You can calculate the number of accounts needed (between n banks) using the formula: n*(n-1)/2. 15/ If you were using #XRP, then you would need only *one* account. $XRP as a digital asset is supposed to be used as a bridging asset between any two other fiat currencies, with fixed fees, much lower than once used when converting between two fiat currencies. 16/ The cost for banks comes from hedging XRP because it's volatile at the moment. Using xCurrent and xRapid, FIs can save up to 42%. When XRP becomes less volitile, then banks can save up to 60%. 17/ Future improvements of xRapid should include path-finding algorithm. If you're into networks, in my opinion, that would be something similar to OSPF (Open Shortest Path First) which is based on Dijkstra's algorithm (https://en.wikipedia.org/wiki/Dijkstra%27s_algorithm …). 18/ In the end, the last product, xVia, to my understanding, is supposed to provide sort of a gateway to RippleNet, allowing for usage of all of the features of this network, without the need to install xCurrent or xRapid (not sure about the last part). That's all folks.
  18. I've been thinking a lot about how xRapid fits into Ripple's overall strategy and how financial institutions might want to use it. Given that ripple has yet to release many details on how xRapid exactly works, these are preliminary conclusions summarized from what I have read on this forum and my own thoughts; I would love to get feedback and hear any thoughts or additional use cases. Making payments to regions with limited correspondent banking relationships: xCurrent seems to only work with banks that have already established correspondent relationships with each other. If a payment needs to be made to a bank with limited correspondent relationships then it must go through a long route of multiple correspondent banks before arriving at its destination. This would likely be costly and slow if any of the intermediary correspondent banks are not using xCurrent. xRapid would cut down the cost and time by allowing the payer to send xrp straight to a liquidity provider that trades in the destination bank's "home" fiat currency and xrp. The liquidity provider would then send the payment denominated in local currency to the destination bank. This use case depends upon there being sufficient volume and enough liquidity providers willing to trade local fiat and xrp to make xRapid competitive in these regions Companies can use xRapid to make international payments directly to their customers worldwide. If a company in the US needs to pay a supplier in China, it could send xrp straight to a liquidity provider who trades xrp and RMB, trade for RMB, and then send RMB to the Chinese supplier's account. Of course the US company could still make the payment by means of traditional correspondent banking or xCurrent but using xrp may be faster and cheaper depending on exchange rates and banking fees. Reduction of nostro and vostro accounts. I have seen this mentioned many times here but only recently started to understand how it might work. Maintaining correspondent banking relationships is expensive for banks since they have to keep money deposited in other currencies at other banks. While that money is just sitting idly, it could be generating income by being put to other purposes such as lending or investing. Nostro and vostro accounts essentially impose an opportunity cost. Same with companies that need to make fast payments to employees or suppliers around the world. They currently deposit money with banks in all the countries in which they operate to be able to make fast payments. Having money sitting in multiple foreign accounts is costly for companies since it could be using that money to build their business. By using xrp or xRapid they could essentially offload the nostro vostro accounts to liquidity providers. Similar to the 2nd point and using the US company again as example, instead of having to keep a vostro account with a Chinese bank for means of paying Chinese suppliers, it could simply buy xrp using USD whenever it needed, send that xrp to a liquidity provider trading RMB/xrp who would then send RMB to the Chinese suppler. In all three use cases above, the payer can hold onto xrp but wouldn't necessarily need to as long as they could buy it using their local fiat. Thus, xrp is literally a bridge currency to other fiat AS LONG AS there are market makers/liquidity providers willing to trade fiat for xrp. I foresee xRapid facilitating the transfer of payments between payer -->liquidity provider --> payee similar to how xCurrent operates by using escrow and atomic transfers. I think it's definitely an uphill battle for all three use cases to play out since they rely heavily upon there being highly liquid xrp markets around the world. With that said it seems like Ripple is moving in the right direction to pull it off.
  19. I get that using xCurrent or xRapid for international money transfers make sense. What if two different parties want to send money to each other and they utilize the same bank and are in the same country. Does using xCurrent or xRapid make sense? Or are national intrabank transfers more useful? What if it’s two parties with two different banks in the same country? Does it make sense then? Why? Why not? Are there any visuals that can help me understand?
  20. The Western Union Company reported its earnings for the 2017 fourth quarter on Tuesday that showed its strong digital growth and testing implementation of xRapid which uses XRP for cross-border payments. Moreover ripple just confirmed on Twitter. https://viraldocks.com/western-union-announces-q4-earnings-ripple-test-drive/
  21. Every time a new Ripple partnership emerges where xCurrent is said to be the solution adopted, many people repeat the same mantra: "Oh it's just xCurrent. This is bad news for XRP". NO IT IS NOT BAD NEWS. Could financial institutions and other organizations simply use xCurrent forever without xRapid? Yes, of course they could. Will they want to avoid xRapid and XRP? Why the hell would they? If you do not know the difference between xCurrent and xRapid and how the latter could very likely complement the former, then why are you invested in XRP? Are you simply gambling? If so, the casino is a better bet. DO YOUR RESEARCH, and THEN come to your own conclusion. Stop repeating the same thing over and over again, as you will scare many investors away by spreading such uncertainty. Learn to read and think critically before you type up a new post or comment on others' posts.
  22. <div class='tableauPlaceholder' id='viz1517702284027' style='position: relative'><noscript><a href='#'><img alt='Tracking Cuallix ' src='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Tr&#47;TrackingCuallixWIP&#47;TrackingCuallix&#47;1_rss.png' style='border: none' /></a></noscript><object class='tableauViz' style='display:none;'><param name='host_url' value='https%3A%2F%2Fpublic.tableau.com%2F' /> <param name='embed_code_version' value='3' /> <param name='site_root' value='' /><param name='name' value='TrackingCuallixWIP&#47;TrackingCuallix' /><param name='tabs' value='no' /><param name='toolbar' value='yes' /><param name='static_image' value='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Tr&#47;TrackingCuallixWIP&#47;TrackingCuallix&#47;1.png' /> <param name='animate_transition' value='yes' /><param name='display_static_image' value='yes' /><param name='display_spinner' value='yes' /><param name='display_overlay' value='yes' /><param name='display_count' value='yes' /><param name='useGuest' value='true' /></object></div> <script type='text/javascript'> var divElement = document.getElementById('viz1517702284027'); var vizElement = divElement.getElementsByTagName('object')[0]; vizElement.style.width='1360px';vizElement.style.height='6597px'; var scriptElement = document.createElement('script'); scriptElement.src = 'https://public.tableau.com/javascripts/api/viz_v1.js'; vizElement.parentNode.insertBefore(scriptElement, vizElement); </script> What was done: 1. Collected transactions that affected ~bitso-hot from September 1 2017 to February 1 2018. 2. Filter certain details and manipulate data according to known specifics. 3. Observed potential xRapid transactions. Link to the dashboard, if it doesn't embed correctly: https://public.tableau.com/profile/graine#!/vizhome/TrackingCuallixWIP/TrackingCuallix Tl;DR Didn't find an exact match. In the process discovered some irregularities (unless Cuallix uses Kraken) and some others. This was supposed to be a long and witty post with a happy ending, but it ended up being neither. Tracking RCL is an incredibly time-consuming hobby that gives you nothing in return, except occasional thanks from a handful of interested parties. Ripple has done it again - concealing the usage specifics in a public(!) ledger. Cuallix is more interested in free publicity (see Nico's tweets under Coindesk's account). And the general sentiment here is to eat that up with a smile. Well, I've bitten a bit too much to chew. This will be the last "investigative" post from me in a long while. P.S. Tuloski, didn't want to derail your topic (so created this one), but you are one of the few people, who could see this though, shedding some so much needed light on this kingdom of smoke&mirror blockchain-based pr.
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