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Hello XRP community, What would make XRP-L an ideal network to be used by banks, exchanges, governments, retailers as a derivatives platform/market? From a personal POV, why do you think it will be a derivatives platform in the mere future? Why would banks, exchanges, governments and retailers favor the network over others?
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Sounds ridiculous but when you look at the XRP log chart, the Fib shows exactly that. Bro, XRP hasn't even started to pump to the upside of the Fib yet until it hits ATH again, 1 on the Fib chart (~$2.90-3.50). For any of you who missed @JamesRuleXRP interview, the interviewee makes a similar 'prediction'. He's of the opinion that if CBs all agree XRP is going to be the standard, it'll top out around $10k-35k. I think he's implying this would be the range without XRP/FXRP being used in smart contracts/NFTs/derivates. Basically a full Fib extension filled ~$35,000/XRP. Personally I think he's missing the derivatives part of the equation (FXRP). What percentage of the XRP market will be CBDCs exchange vs smart contracts/derivatives is hard to say, but what if all stocks, commodities, real estate, vehicle titles, artwork are NFT'd? Now you're talking all the money, instant swaps of physical assets on the XRPL/FlareNetworks with no middlemen. I'd say that would likely dwarf CBDCs exchange, maybe 30:70 even? Cardano is also in the game with some others, but Ripple definitely has some markets cornered, like the banking sector. With all the people dying to defect from Ethereum to avoid the gas fees price-gouging, Cardano and FlareNetworks are going to suck up a lot of their business. There's a reason ADA and FXRP are Ethereum-language compatible. ~~~~~~~~~~~~~~~~~~ So what would it take to max out XRP at $10k-$35k? 1. CBDCs minted: Obviously SEC resolution. Whatever they decide, needs to be clearly over. Centrals banks are working on minting CBDCs through RippleX (on the XRPL I'm assuming) and would have to be in place. Once that's done, along with #2, stick a fork in it, XRP is ready. 2. FlareNetworks online (derivatives/smart contracts/NFTs Q2-2021): Gala Games and all the other parties that are going to use FlareNetworks to mint NFTs etc will take up a nice chunk of XRP (as converted into FXRP, locking up said XRP). Also anyone who has Spark should be able to milk a steady return on staking (to mint FXRP for smart contracts). HODL them Sparkies. Not if but When NFTs move into tokenizing physical assets, who knows? Once FlareNetworks is online, the door is open for NFTs for stocks, real estate, commodities, smart contracts for insurance, loans, rental/purchase agreements, etc. ~~~~~~~~~~~~~~~~~~ Consider that the entire fractal up to now has been 100% pure, retail, 0.5% of the population speculation. Sure MoneyGram is using XRP, but we're waiting for the CBs and smart contracts/derivatives to come online. Once they do, faces are going to melt. TL;DR As for price speculation, anywhere from $17-$200 in the next year or two based on pure speculation. When the utility switch is flipped, 4-digits and beyond. Interview below, worth the 30 minutes.
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It’s been a long time coming, but I think we are on the cusp of Polysign revealing what they've been up to for the past three years. We got confirmation December of last year that Polysign was in early Beta and would be going live in 2020. Also, it looks like there are design changes in order with respects to the webpage. Most of us know Polysign to be a digital asset custodial service/infrastructure platform as David’s answer to a question he fielded from a student at the University of Texas indicates. Going back a few years, we had our first indication, at the end of 2017, that Ripple would be taking the much-needed steps to begin building the necessary “market infrastructure” (i.e. custody and financial hedging instruments) needed to entice more institutional participation. According to Ripple this “market infrastructure” is needed to grow/stabilize the crypto markets overall but more importantly, to help with XRP. Miguel Vias, Head of XRP Markets commented in the last paragraph of Ripple’s Q4 XRP Markets Report for 2017: “While customers can use XRP for on-demand liquidity through xRapid, we want to build the necessary markets infrastructure for eventual direct usage of XRP by financial institutions. In Q1, we’ll begin work towards the launch of institutional hedging instruments and custody solutions. Both of these market components are important to institutional adoption and thus are important components of our 2018 roadmap.” On a Credit Suisse panel discussion (03:20 – 05:07), Miguel Vias alluded to the fact that you can’t build a vibrant crypto ecosystem with institutional players (i.e. hedge funds & investment banks) without first solving for custody or the safeguarding of these digital/crypto assets. Once you do this, you allow for the development of prime brokerage firms, lending, and hedging instruments (i.e. Derivatives, Options, Futures, ETFs, etc). Just recently, I happen to stumble upon a couple of interesting Tweets from @Arturo_P_A, Tweet One from February and Tweet Two from yesterday. In the first, @Arturo_P_A offers his opinions regarding the synergistic relationship he believes will develop between Ripple and Polysign. In particular, around on-boarding ODL-based exchanges, conflict-of-interest around XRP custody for these ODL exchanges and Ripple, and new use cases. What really piqued my interest is what @Arturo_P_A reveals in the second Tweet. It looks as if we have confirmation of one of Polysign’s first customers or maybe a subsidiary of Polysign, Standard Custody & Trust Company. It appears that Polysign has submitted a request for a custodial charter license in New York that was still pending as of February 6th 2020. Assuming that Standard Custody will, in some way, shape, form, or fashion, have some affiliation with Ripple it made me think about a couple of @KarmaCoverage Medium posts: What could xPool be? An attempted guess How xPool may work? An attempted guess It seems to me that Ripple now have the necessary foundational infrastructure in place to get escape velocity needed to truly execute their IoV vision: RippleNet - for the transference of value Interledger Protocol - for seamless connectivity and interoperability between di-separate traditional financial/blockchain-based systems/platforms Codius – for agnostic smart contract development for DeFi products Polysign – digital asset custody.
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Blog URL: https://coil.com/p/Hodor/Decentralized-Finance/cO5Dn8xhN Discover why Ripple is including decentralized finance as one of their primary Xpring targets, along with exclusive bonus content at the end for Coil subscribers! I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
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Hi everyone. I would like to ask if anyone has any facts to the current status for Codius in regard to the huge market for derivatives? I remember watching a video where this was portrayed as a very promising usecase. Who if anybody is working on this? I came across this company: https://marketprotocol.io/ but it´s working on on the Ethereum blockchain.
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The economy has vast unused potential waiting to be unlocked. In today's blog, I describe how the XRP ecosystem of innovations stands ready to help. This edition also covers AMA sessions by Ripple, a new Ripple banking customer, and two interviews that you'll want to know about. Lastly, I'll tell you about an ongoing effort by an XRP Community member to have Binance list XRP as a base currency, as well as some outstanding XRP ecosystem graphics by two different members of the community. I hope you enjoy the read; please leave any feedback below. Also 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
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In my latest blog, find out why strategic thinking leads us directly to XRP! Does XRP compare to Bitcoin or Ethereum when crypto investors are making their portfolio choices? I don't think so. With the latest developments from Ripple & Coil, and xRapid's status as the only digital asset with a comprehensive liquidity solution for financial institutions, it's tough to find much upside in the competition. I hope you enjoy the read & please leave any feedback below. Also, feel free to share my blog with a friend or on any other platform - and of course 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
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Smart contracts are an innovation that is at the start of its adoption cycle; eventually, you will see smart contracts being used all over the world and by a multitude of businesses and even governments. I describe how Ripple's Codius smart contract platform fits into this trend, and just how it compares to Ethereum's smart contract model. Hope you enjoy the read & please leave any feedback below: Please feel welcome 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
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To improve XRP’s adoption for cross-border payments, the price of the digital asset should be stable as much as possible. Ripple Lab Inc. should evaluate to promote a sort of Digital Asset Derivatives Market, with XRP as underlying entity, in order to insure against price movement during the payment transaction. With double effect: more opportunity for liquidity and speculation, from one side, and more assurance and confidence for Bank and Financial Institutions.
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- digital asset
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Ahh, the hypocrisy of economists -- Was doing some rummaging and found this: http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/ Obviously that first Bitcoin square has grown a tad now, but quand même that's a pretty darn dramatic contrast compared to the derivatives market!!!
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My latest blog entry. I talk about what some new XRP investors may not know... hat any user can issue credit and create their own tokens for a multitude of uses. There's a lot of use cases for issuing IOU's on the RCL; some of these have some awe-inspiring potential in terms of volume and value! https://xrphodor.wordpress.com/2017/06/23/ripple-consensus-ledger-the-credit-network-innovation/ Thanks for reading; feel free to quote, reference, link, share, and leave your comments.
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"We like XRP [Altcoin Ripple's currency code] and think that it has some very useful and unique characteristics. What is currently lacking is the ability to trade XRP in a more versatile way, for instance to put on a short trade to hedge your exposure, and we are working on creating this market. We ultimately want to extend our product range to all major digital assets and permit deposits in various digital currencies and fiat." http://www.bitcoinfuturesguide.com/bitcoin-blog/qa-with-dr-timo-schlaefer-ceo-of-crypto-facilities-up-and-coming-bitcoin-futures-exchange
- 3 replies
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