Jump to content

Search the Community

Showing results for tags 'banks'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • XRP
    • Please Read Before Posting
    • Press
    • General Discussion
    • Technical Discussion
    • Codius and Smart Contracts
    • Marketplace
    • Problem Solving
  • Interledger Protocol
    • Interledger Protocol Discussion
  • Other Technology
    • Alt-Coins and General Fintech
  • More
    • Fan Submissions
    • Off-Topic
    • Meta
    • Languages
  • Canadian Zerpers's Topics
  • Vegemite Ripplers's Topics
  • 2 the Moon! For Real. The Club's Topics
  • NY Zerpers - aka bitlicense island's Topics
  • Brackish Waters Club's Topics
  • Trading Places's Topics
  • Anti-Club Club's Topics
  • The Irish Brigade's Topics
  • Saloon's Request
  • XRP Trading And Price Speculation's Topics
  • The Crypto Buffett's Topics
  • Alt-Coin Trading And Price Speculation's Topics
  • Super serious Ripple club's Topics
  • Making Millions!'s Topics
  • Ripple - India's Topics
  • SWELL's Topics
  • Gospel Hour's Topics
  • Korean XRP Holders's Topics
  • Strayans lovin your work XRP!!!'s Topics
  • Technical Analysis (TA) Area's Topics
  • BTC diving deep club's Topics
  • Ripple Enamel Pin Club's Topics
  • XRP Wave Surfers's Topics
  • FUDster's retreat's Topics
  • Cooking with Snoopy's Topics
  • How it's all going to happen..'s Topics
  • Chocolate Fish's Topics
  • The Round Table's Topics
  • UK Hodlers's Topics
  • ˜”*°• Zerpmania •°*”˜'s Topics
  • XRP YouTube Videos's Topics
  • CRY ROOM's Topics
  • Night's Watch's Topics
  • CasinoCoin's Topics
  • XRP Think Tank's Topics
  • Allvor's Topics
  • NightClub's Topics
  • TeXRP's Topics

Calendars

  • Ripple Events
  • Vegemite Ripplers's Events
  • NY Zerpers - aka bitlicense island's Events
  • Brackish Waters Club's Events
  • Trading Places's Events
  • Anti-Club Club's Events
  • The Irish Brigade's Events
  • Saloon's Calendar
  • XRP Trading And Price Speculation's Events
  • The Crypto Buffett's Calendar
  • Alt-Coin Trading And Price Speculation's Events
  • Super serious Ripple club's Events
  • Making Millions!'s Events
  • Ripple - India's Events
  • SWELL's Events
  • Gospel Hour's Events
  • Korean XRP Holders's Events
  • Strayans lovin your work XRP!!!'s Events
  • Technical Analysis (TA) Area's Events
  • BTC diving deep club's Events
  • Ripple Enamel Pin Club's Events
  • XRP Wave Surfers's Events
  • FUDster's retreat's Events
  • Cooking with Snoopy's Events
  • Chocolate Fish's Events
  • The Round Table's Events
  • UK Hodlers's Events
  • XRP YouTube Videos's Events
  • CRY ROOM's Events
  • XRP Think Tank's Events
  • Allvor's Events
  • NightClub's Events
  • TeXRP's Events

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


Website URL


Interests


Location


Occupation


Country


Ripple Address


Biography


Location


Interests


Occupation

Found 112 results
Minimum search term is 4 characters long. Can't find what you want? Click here for the custom google search instead.

  1. Greetings everyone! Long time no see I guess, to the point that I forgot even my username let alone password to xrpchat. I have been active in the crypto community however, and have been closely following Ripple's astounding success over the past few months, disregarding the price of the coin, that is basically reflecting the current state of the overall market. I still hold my xrp tokens and have been looking for a new investment, which brings me to the title of this post, BABB and their coin, BAX. I have done my research and took a liking to the young and potentially prosperous project. To put it simply, their goal is to become an online bank fully licensed by the Bank of England, and offer a UK bank account to anyone in the world that has access to a smart phone and an internet connection. KYC would be accomplished by using facial recognition, biometrics and ID verification. More details can be found on the company's website. In communication with the BABB team, who's headquarters is based in London, I have gathered that they are planning to create their own blockchain, which from the sound of it will be very similar to Ripple's. It will be running secure, trusted nodes by babb and the central banks they come to an agreement with. Some will call this centralized, I call it smart. I can't help but wonder if there could in the future be some kind of an agreement between Babb and Ripple in regards to instant settlements, where Ripple could offer their software to Babb, who in essence is looking to become the first completely online bank. This could turn out to be good business for both parties. I'm looking forward to what the future holds for both Babb and Ripple. If anyone here knows more or is invested in Babb, I would like to hear your opinion.
  2. Do you have one of those friends that always yells at the television when a professional sports match is on? Maybe they think they could do better, judging from the sidelines. But what your friend might not realize is the real professionals always make it look easy; but it is not. They've put in the hours of hard work to get where they are. Likewise Ripple has put in a tremendous amount of consistent work to get where they're at; at the cusp of a global takeover in banking communications and cross-border value transfer. Ripple specializes in streamlining payments, and XRP is the best digital asset for bridging currencies. In this blog entry, I detail the events of the last few days, including their phenomenal philanthropic effort with university education. Hope you enjoy the read! Please leave any feedback below & feel free to share my blog with a friend or on any other platform - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  3. Hi all, Been let out of quarantine having become a "newbie" a couple of days ago. I'm a scientists in my day job but have been playing about with btc since it was 150 gbp and hold a decent amount of XRP amongst some others. I'm not a TA guy but see its use some of the time however for long term hodlers like myself I think that fundamentals give us a clear insight to the future of XRP...admittedly news doesn't seem to effect the price very much but that's a topic for another conversation. I just wanted to point out that Ripple met with the UK Treasury Select Committee recently...I only read about it this morning...if you live in the UK and follow politics/economics you'll know that this committee would only meet with Ripple if they were taking them seriously...in my humble opinion anyway...cant be bothered looking for the link to post it but I happily will if anyone wants me to or cant find it themselves....cheers
  4. For those not aware Cobalt DL is a blockchain initiative making big ground in the fx field. Their dl technology as stated: Sound familiar? Yeah just like xrp. The difference here is does it have a digital token like xrp or us it just a ledger? Now at first it may not seem like this is an issue for ripple as they handle remittance through the banks. BUT cobalt just signed with To sum it up Ripples lowdown (competition?) Just got access to almost every bank and fi in the U.S and possibly abroad. Should we be worried or are they just a drop in the pan? Source: http://www.btplc.com/News/#/pressreleases/cobalt-joins-bt-radianz-cloud-2135771
  5. Two seperate articles that just came out seem to show some indications that Banks and Governments are starting to turn their views on cryptocurrencies. The first one is about the U.S. Government realizing that State-issued cryptos like the Venezuelan 'Petro' could easily defraud U.S. customers. That will probably be the case (and beyond) as it seems clear that the same way one cannot trust a Government that keeps on printing new fiat money irresponsibly with no gold backing it and causing rediculous inflation, cannot be trusted either for their new coins actually being (and staying) backed by oil. https://www.coindesk.com/senator-menendez-venezuela-petro-cryptocurrency/ The second one is about the Bank of America openly reporting that the inability of Banks to adapt could see a failure to compete with cryptocurrencies. Of course that has a multidimensional background, of which one is that Banks issueing their own cryptocurrencies is not a viable sollution as, besides 'backing' it by fiat which in the end is nowadays not actually backed by gold any more, each bank having their own coin would in reality be steps back in time in stead of progress. Also, States and Banks in fact already have their own electronic currency (the balance of bank accounts) which show their limitations that cannot be changed by adding some blockchains to them. https://cointelegraph.com/news/bank-of-america-our-inability-to-adapt-could-see-a-failure-to-compete-with-crypto Luckily this multidimensional yet significant problem has a horizon, and will only take two steps. The first one is recognizing that cryptography in general is one of the few true guarantees that a coin or asset will have true scarcety, giving it value in stead of hollowness. The second one is recognizing that there is one company out there that has been persistantly reaching out to them. The one company that has been rowing against multiple heavy streams, of which one is that of various Governments and Banks degrading crypto soley as bubbles, and another one being a large crypto community out there degrading them for reaching out to the banks. Embrace the company that has reached out to you, and will keep on doing so.. Embrace their tech that is superior and offers functionality beyond all existing blockchains out there.. Embrace the token that will offer the speed, instant liquidity, siginificant cost reduction and the worldwide reach you need, and is made to serve all.. Embrace Ripple.. Embrace XRP. ( @Hodor and @TplusZero, maybe this can serve as inspiration for an open letter to Banks and Governments ? )
  6. http://galgitron.net/Post/Heres-how-and-why-XRP-will-be-used-by-banks Another excellent read curtesy of Galgitron.
  7. Trying to understand a bit better the implications of a financial institution deciding on using XRP (either by using xRapid or their own integration). Would all of an institution's transfers be publicly available in the network? If so, is that an issue for any private financial institution, since they'll be leaking partial information on their activities?
  8. This is an interesting podcast interview with the big cheese of ANZ bank. While Ripple is not specifically mentioned he seems to be ticking all the boxes. He opens with an explanation of how blockchain will be useful for banks and specifically consensus ledgers. https://www.spreaker.com/user/10103109/cooking-the-books-why-bitcoin-could-be-m?utm_medium=widget&utm_source=user%3A10103109&utm_term=episode_title
  9. Being a change agent for banking is unforgiving work. Luckily for us, Ripple is more than up to the task. In my review of the Quarter 4, 2017 XRP Markets Report, I review the effect of recent negative publicity, as well as remind XRP investors about some key considerations that they should remember when seeing resistance to the change that Ripple - and XRP - represents. And of course, we will look at Miguel's quarterly XRP report to see some surprising numbers for Ripple. Spoiler alert: Ripple made as much money in one quarter than they did for an entire year. I'm not giving it all away, however, so you'll have to read my blog to find out more. I hope you enjoy the read - please leave any feedback below. Feel free to share my blog with a friend or on any other media, 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
  10. I absolutely love this answer from @JoelKatz on a 'challenging' statement that banks will start their own coins. That is so true. Current bank account values ARE already sort of a digital/virtual coin. Not blockchain based of course but for that goal (internal administration of their clients holdings) that's not really usefull either. Settlement is a different thing though ?. Ripple is so spot on with its use case ??‍?.
  11. Every once in a while, it's good for crypto investors to take stock of their investments and where they're at in terms of liquidity and adoption. Today is that day, and I'm taking a look at the same numbers that we discussed just three months ago. Headlines: Liquidity is massive. The number of wallets doubled. To find out more, you'll have to read for yourself! Hope you enjoy the read & please let me know what you think; feel free to share my blog with others or on any other media or platform, and thank you for doing so! Blog announcements on other media: 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
  12. Hi folks! Does anyone know how the banks can hedge themselves against XRP fluctuations exactly? In their model calculation they say, that banks can save 42% on transactions with high XRP volatility and 60% with low volatility. But where do they exactly hedge, there is currently no futures market for XRP? How does it exactly function and who carries the risk of the XRP volatility? Thank you, ZE
  13. https://news.bitcoin.com/strict-regulations-south-korean-banks-stop-servicing-cryptocurrency-exchanges/ Whilst the article's headline tells it all, it paints the picture with a broad brush without going into depth on the full details. In my opinion its not a bad thing or a big deal. It will remove anonymous trading and strengthen Crypto reputation in the long run as more than just money laundering and criminal activity. I've read that in Korea there is this system where you can create virtual bank accounts for 24-48hrs without any identifying information about yourself (the account holder). You then received a bank account number that you could go to any atm and deposit fiat into. You could then buy Crypto or do any sort of transaction from the now-funded bank account for 24h and then it was shut down For less biased views on whats going on in korea, check out Joseph Young (@iamjosephyoung): https://twitter.com/iamjosephyoung?s=07 (He reports for cointelegraph. He's been covering the developments in Korea the past couple of days really well)
  14. What is the name of the bank you have used to cash out to in the USA? And have they been friendly to you cashing out, or have they made problems for you? This will help myself and others to avoid extra headaches when cashing out.
  15. Burgoyne

    Nobody seems to understand XRP

    I have yet to read a post by anyone that understands that XRP has nothing to do with banks and remittance institutions. The network that banks use (Xcurrent) has absolutely nothing to do with "Xrapid" which is what the seperate digital currency (XRP) uses. Nothing at all. This talk of banks adopting XRP is so flagrantly ignorant it causes me to shake my head. So what the heck is this perpetual talk of XRP absorbing swift and forex transactions? It's 100% completely centralized within Ripple Inc. and is at the mercy of their scrupules, trust and caprices. Low transaction costs and fast transactions? Bitcoin's lightning network will be able to do that and so will Ethereum within 2 years. I have big problems with bitcoin's power usage, miner monopoly, exchange monopoly and hackability. I have a huge problem with XRP's company centralization, seperate business's (Xcurrent for institutions and Xrapid for speculators) and see Ethereum-Ether as the superior balance of both. So I challenge the "informed" Ripple speculators to elucidate the justification for this because I see zero within a short to mid timeframe. Not a hater. I speculatively bought 3k XRP on Kraken but fail to see the longterm benefits of a flagrantly centralized company owned cryptocurrency that has nothing to do with banks or remittance institutions. Addition to original post: **NOTICE** Very surprised by the volume and speed of responses here. Blown away I am. My post was meant to ask a hard question by a neophyte newbie–me–in regard to XRP. In order for something to stand upon its own two feet it must be able to withstand these queries. I thank you all for the informative info and critique. This community is far more robust than I thought. I originally bought bitcoin when it was a subversive medium at a cafe in chicago from a guy I met on Reddit. I used it to get funds into an offshore gambling account. It was a truly beautiful thing back then when the miners were discursive and spread out, governments didn't develop tools to mess with it, exchanges did not exist, it was actually used as a currency etc... This Ripple community reminds of those times a bit. My limited vision sees 3 cryptos: a centralized regulated (Ripple), a decentralized swiss-army knife (Ether) and a subversize untraceable (Monero et al). I'm in all 3. I see bitcoin as the Icarus, the first casualty, the Napster, Atari and Netscape. Thanks for the replies again.
  16. Trying to understand why banks will use XRP and how - XRP prices can change anytime. Unlike fiat currencies, they can swing to very large extent as is evident in recent times. 1. Why would banks agree to transact using XRP ? (I am aware they don't need to, but then what is the use of XRP ?? ) 2. Why would other companies want to make cross border payments using XRP ? example - Apple wants to pay a contract manufacturer $1M , it pays equivalent XRPs. Why would contract manufacturer accept XRP when there is no guarantee that it will stay at $1M or very close to that when the manufacturer receives it ? With fiat currencies also there is no guarantee, but then there is no as much fluctuation. It is like paying with Apple's stock which can swing any direction. Very baffling (3. In future, if it becomes available, why would users want to send peer to peer money using XRP when other existing services offer guaranteed rates in fiat currencies ? - eg. remitly and others work just fine , they charge no fees and only around 1% as forex difference) @JoelKatz I read you are from ripple itself. Thanks for all your insights on this forum. In one thread, you mentioned ""Banks don't actually have to hold XRP. They can use market makers who hold XRP and market makers can actually profit from volatility." can you please elaborate how that works ? who will be market makers in this case (in general i know they are broker dealers, but trying to understand in case of XRP )? can you explain with a real life example ? others are welcome to explain as well! Thanks in advance for sharing knowledge.
  17. 15mil (average SWIFT transactions per day) x 365 days is 5.4tril annually. 5.4tril annual transactions consumes 54mil XRP, and that's just from SWIFT alone (Visa processes over 8.9tril transactions annually, which will consume 89mil XRP). For example, Western Union charges a fee of $5 for a simple wire transfer of $50. I can't even imagine the SWIFT fee's on wires in the millions of dollars. 1XRP can facilitate 100k reference transactions. Due to scarcity + volume (not even including subjective market value) it's not unrealistic that 1XRP could become worth upwards of $1,000 or more based on the amount of money saved on SWIFT fee's alone. What do you all think? Maybe $1,000 is low-balling XRP's potential.
  18. I understand that Ripple has done an incredible job establishing connections with banks worldwide but something has occurred to me. The blockchain technology used by Bitcoin is OUTDATED. That being said there are newcomers like Cardano and IOTA which are introducing the so-called "Tangle", in other words, Blockchain 3.0. I would like to know, how much significance is this really? Would it not behoove Ripple to update their blockchain technology as well, or even convert to tangle? I think that the combination of strong connections with banks and other companies, and using the top technology would be great, but it seems Ripple has great business tactics and services, with what is ultimately subpar technology. Do you see what I mean? Ripple trumps other cryptocurrencies in the service they are providing in conjunction with the banks. Nobody is doing that. But Cardano and IOTA clearly have better technology on their hands so....what do you think? Please let me know. Also please share your thoughts on TRON, which is led by Ripples former Chief Representative in Greater China, Justin Sun. There must be some significance there.
  19. and I guess so am i for posting this (even though I just became a ZERPing millionaire) [MODs - Please close this thread since noone thinks it should be here] Thoughts on the legitimacy of this post? I don't buy it - but want to hear from others. His LinkedIn profile does say he works at BBVA. Normally FUD type posts are a little more exaggerated than this which kinda made me a little curious to the legitimacy of it at first.
  20. Hi. My first post. I want to know if I am correct in assuming that anyone can join the Ripple network? And if so, then how are so many banks hopping on a public system? Does it not fly in the face of all the permissioned architectures being developed by R3 and the hyperledger projects? How does Ripple make a public chain work for everyone? Any help is appreciated!
  21. How close are we to XRP being adopted by the banks? Brad Garlinghouse, CEO of Ripple https://www.quora.com/session/Brad-Garlinghouse/1
  22. https://www.coinsuggest.com/bank-ripple-xrp/ I have listed down all the known and active partnerships down below: Accenture Akbank ATB Financial Axis Bank Banco Bilbao Vizcaya Argentaria (BBVA) BMO Financial Group Cambridge Global Payments Canadian Imperial Bank of Commerce (CIBC) CBW Bank CGI Group Cross River Bank Davis + Henderson (D+H) Deloitte Earthport Expertus eZforex Fidor Bank Mitsubishi UFJ Financial Group (MUFG) Mizuho Financial Group (MHFG) National Australia Bank (NAB) National Bank of Abu Dhabi (NBAD) ReiseBank Royal Bank of Canada (RBC) Santander SBI Holdings SBI Remit Shanghai Huarui Bank (SHRB) Siam Commercial Bank (SCB) Skandinaviska Enskilda Banken AB (SEB) Standard Chartered Star One Credit Union Tas Group Temenos Group UBS UniCredit Group Volante Technologies Westpac Banking Corp Yantra Financial Technologies Yes Bank The banks and companies listed down below are also experimenting with the RippleNet: Aeon Bank Aomori Bank Ashikaga Bank Australia and New Zealand Banking Group (ANZ) Awa Bank Bank of England Bank of the Ryukyus Bank of Yokohama Chiba Bank Chugoku Bank Commonwealth Bank of Australia Daiwa Next Bank DBS Group Holdings Fukui Bank Gunma Bank Hachijuni Bank Hiroshima Bank Hokuriku Bank Hyakugo Bank Iyo Bank Juroku Bank Keiyo Bank Michinoku Bank Mizuho Financial Group Musashino Bank Nishi-Nippon City Bank North Pacific Bank Oita Bank Orix Bank Corporation Resona Bank Royal Bank of Scotland (RBS) San-in Godo Bank SAP SBI Sumishin Net Bank Senshu Ikeda Bank Seven Bank Shimizu Bank Shinkin Central Bank Shinsei Bank Sikoku Bank Sony Bank Sumitomo Mitsui Trust Bank Suruga Bank The 77 Bank The Daishi Bank The Nomura Trust & Banking Co. Tochigi Bank Toho Bank Tokyo Star Bank Tsukuba Bank Western Union Yachiyo Bank Yamagata Bank Yamaguchi Bank
  23. https://www.philadelphiafed.org/-/media/bank-resources/supervision-and-regulation/events/2017/fintech/resources/blockchain-disruption-smart-contracts.pdf?la=en Page 12 "Now a system like Ripple, equipped with decentralized consensus (and almost real-time because it takes a few seconds per transaction), alleviates the concerns about Bob or Bob’s bank’s authenticity and functionality, and the use of contingent transfers ensures that if Bob violates the agreement, Alice’s fund is reverted back." It was shared on r/ripple
  24. Here's a bit of good news..... yes they do sate that XRP will not be used, just a matter of time though. http://ethereumworldnews.com/ripple-spreading-standard-chartered-axis-bank-use-tech/
×