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Hey Guys, I'm offering 50% off all t-shirts for XRPchat members over the weekend at my merch store www.ripplemerchandise.com. Use the code XRPCHAT50 in the checkout Feel free to give me some feedback on the designs there too thatd be much appreciated. www.ripplemerchandise.com Peace Ryan
I thought this price jump in STR was the normal, "Hey we used to be related to XRP so we're worth something too." pump and dump routine that happens whenever there's good news for XRP. When it just kept going up I started googling and still nothing. Then I switched to the past 24 hours and find that IBM just partnered with Stellar to use not their software but their token for cross boarder payments throughout the pacific region. They are supposedly going to handle 60% of the money transfers in 7 countries. WTF? Why did they pick Stellar and how big of a blow is this for XRP? https://www.coindesk.com/ibms-stellar-move-tech-giant-use-lumen-cryptocurrency-payments-rail/ I don't understand how or why this happened.
In a recent article on Coindesk (https://www.coindesk.com/hints-rumors-ripple-might-really-enter-china/) it is said that "it would make sense to keep quiet ... to avoid a speculative frenzy that would push up the price of the token, which could in turn affect the terms of any deal." I decided to download Ripple's "The Cost-Cutting Case for Banks" (https://ripple.com/files/xrp_cost_model_paper.pdf) and read it. I can recommend it to anyone. It compares how cross-border payment processing works in legacy systems versus on Ripple, and focuses on offering benefits of cost savings and collateral elimination to all corners of the global financial system. Page 5 of the PDF says that "The bank only needs enough XRP on hand to service its largest expected payment obligation." Does this imply that a high XRP price affects chances of deals in a negative way - at least at this stage? What do you think?