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Hey there smart people, I'm really excited about Codius and the other products Ripple is bringing to the market, I think there is a lot of potential time and money to be saved if companies successfully implement these solutions. But with blockchain still being so young I do wonder what we can realistically work on right now and what we can expect in the near future. And I'm currently tasked (as an intern) with just that, implementing blockchain solutions for this company. And I'm so glad to be given this opportunity but it sure ain't easy with blockchain still at it's infancy. The company I work for does a lot of intermediary stuff for local governments, insurance parties and people of low income or welfare. For instance, they have a centralized solution that withholds part of the welfare cheque for the insurance premium to prevent welfare beneficiaries from getting into depth by not paying their premiums (which happens a lot). As you can imagine this involves a lot of work with auditing and correcting invoices because these payments don't happen in real-time because there are different organisations involved. I feel like DAO's (decentralized autonomous organisations) could be an excellent solution to this problem. Blockchain/Interledger would provide a closed ecosystem where there cannot be any double-spend while also providing liquidity and speed. Codius could provide a platform for deploying smartcontracts and DAO's where the consensus mechanisms can be tailored to the use cases at hand. It's my understanding that the combination of Codius and Interledger could result in a platform where these parties are an entity in this ecosystem that can share crypto and fiat wallets and have access to these 'smart'-invoices where they can track all the bills in real time and see what happens with the funds, where disputes can be resolved almost instantly and all that goodness that saves organisations time and money. The things I really like about ILP and Codius are: Private smartcontracts (Whereas ethereum is a public blockchain) Level of entry (Javascript or any other language) Easy control over fiat/crypto wallets Scalability But I also have a few doubts, I'd like to hear your thoughts on this: Codius is still very young, there are a lot more developers working on Ethereum and dAPPS that might provide a plug-and-play solution for the use cases at hand. Maybe there are other platforms out there that are completely flying under my radar that provide solutions to my use cases? I'd really, really like to hear your guys thoughts and opinions on this and I have some questions too that I can't quite work out yet: What are your expectations when the Codius platform will come into fruition when it comes to adoption and functionality? Will I have to program these solutions from scratch myself or will Codius eventually have plug-and-play (d)apps too like Ethereum? What programming language should I pick up if I want to test the waters myself?

(if this is not new, feel free to lock/remove this topic - remember checking a few weeks ago and it wasn't yet available) Seems it's now possible to add XRP fiat pairs (XLM, probably others too) to the Stocks app/widget in iOS/macOS. Remember trying a few times since Yahoo! Finance made it available on their site but it couldn't find it in the app/widget. To my surprise, today it worked.

I know how to buy XRP, how to trade XRP, and store XRP. I would like to hear suggestions on how to cash it in. At this time, I can only think of going to Binance, trading XRP to BTC, ETH, or LTC, or even BCH (all the coins supported by coinbase right now), then send it to COINBASE or GDAX (for lesser fees), then withdraw it to my bank account. Do you guys have a better way?

How will current hodlers of #XRP be able to legally redeem their XRP for fiat in the future if there is no valid KYC/AML trail for the 2017/2018-era crypto exchanges which they purchased their XRP from originally? My concern is that fiat Gateways in the future will not accept XRP which does not have a complete KYC documentation trail for each address which it has been held by. Or do the KYC/AML laws only require that the individual / account who wants to buy the fiat IOU's provide KYC information about themselves to that Gateway? Thanks for any help in better understanding this. https://ripple.com/build/gateway-guide/

Awhile back I had signed the petition that was linked from one of Hodor's topic, this was when there was barely 1k signatures on it. Despite myself being of only one person with no direct impact or importance in regards to the evolution of exchanges (primarily Coinbase), and how they handle variety of parings to their customers, my hand has been forced to take action to what I promised back then on my comment section of the petition. "I will be looking to do business with a competitor of CB who will be willing to accept XRP fiat parings, if you (CB) do not adapt in a timely manner to the growing demand for XRP adoption." It has been alarming to me the growth of Blockchain technology in the fin-tech space since 2013 and I am no fool as to which ideology helped Coinbase grow in popularity at a exponential rate, the decentralized anarchists. I am very excited for exchanges like Uphold and CryptoBuzz and what they will bring to the growing global digital trade venue, but not so much ever excited these days in hearing from the majority of YouTuber's moon chants and howls for Lambos in every garage for each of their teenage followers, of who mainly support a already failed BTCcore ideology but just don't know it yet. It is my belief that banks will provide a payment platform of Value for the "Internet of Things" by using a superior Blockchain, Ripple's XRP utility asset that will bridge payments of any type in a regulated environment.

Everyone knows Bittrex, Binance, etc. but I've been trying to find more fiat exchanges that sell XRPs directly by bank transfer or credit/debit card. If there are any inaccuracies or if you have exchanges to add, comment and I'll update the post! Global Exchanges Bitstamp (usd, eur) Bitfinex (usd) - not open to US residents Kraken (usd, eur) Gatehub (usd, eur) Bitsane (usd, eur) Exmo (usd, rub) CEX.io (usd) - see restricted countries Bitso (mxn) - see restricted countries Coincheck (jpy) Restricted to Specific Countries Einstein (usd) - US & Canada Coinsquare (cad) - Canada - coming soon Bitpanda (eur) - Europe LiteBit (eur) - Europe The Rock Trading (eur) - Europe Bitvavo (eur) - The Netherlands, Belgium BTC Markets (aud) - Australia Coinjar (aud) - Australia - coming soon Coinspot (aud) - Australia DMM (jpy) - Japan Bithumb (krw) - Korea Coinone (krw) - Korea Korbit (krw) - Korea Bitcoin.co.id (idr) - Indonesia Koinex (inr) - India Coindelta (inr) - India

Ripple's transaction costs are virtually nothing compared to credit/debit fees. Let's say the fees were as low as 20 cents per transaction... TRANSACTION COST - 0.00001 XRP CURRENT PRICE (1 RIPPLE/XRP) = $1.95 MEANING 0.00001 XRP = $0.00000195 ------------------------------------------------------------------------------------------------------------------------------------------------------------------ If 1 Ripple = $100 TRANSACTION COST - 0.00001 XRP MEANING 0.00001 XRP = $0.0001000 These are ridiculously low compared to regular fees we use today. ------------------------------------------------------------------------------------------------------------------------------------------------------------------- Transaction costs only change when there is an unusually high load. Ripple current market cap is also at #2 in cryptocurrencies at $87,306,798,133. XRP current price is listed at $2.25. The reason the market cap is so high is because of the big supply of 38,739,144,847 XRP. Bitcoin's market cap is currently $16,775,262 while 1 BTC is $13,834.40 and other cryptocurrencies have small market caps with high prices like BTC also. This means that only big masses can quickly fluctuate the price of XRP due to the gigantic market. Unlike the other currencies where smaller amounts of people can impact the price quickly When XRP is stable within the next few months after the people waiting for transactions from coinbase etc. It has a chance at being the top, most-stable currency behind FIAT (Not saying it will replace FIAT, but Ripple is doing things here). It can be used to make FIAT transactions much quicker and reduce costs for everyone. My reason of giving XRP at $100 as an example is because that's what I realistically I think it can reach with a lot of hype. If it gets very mainstream it can be a totally different story we all know you can't predict what goes on. It can easily hit higher prices and be just as stable. XRP transactions per second = 1500 BTC transactions per second = 3.3-7 (according to wiki, even if at 200, XRP is way way faster, this is the same for other cryptocurrencies) A very good point at why Ripple will be successful. This is completely theoretical from a couple minutes of thought that my brother initiated. Just wanted to share. Give some input! EDIT: If you read this early read it again, had a few typos lol.

I have read all sorts of horror stories about bank accounts being closed by Banks in the UK. Is there any bank in the UK what will let me do SEPA Transfer from Bitstamp? Its ok having all the gains but if can not spend some it seams pointless!

Lets imagine an ideal world where regulations for cryptocurrencies are all sorted out and banks have started to accept regulated crypto coins as well. So lets say Amazon comes with its own coin...lets call it OTTA and Uber's coin as OTTU So in an ideal world, would be it much faster and cheaper to do an atomic swap and use your Amazon coins for Uber {OTTA->XRP->XRP->OTTU} vs. involving fiat transactions such as {BTC->XRP->XRP->USD} if this does makes sense (forgive me if it doesn't coz of the Halloween sugar rush), then would not Ripple's primary customers in the future be Internet companies instead of banks coz the concept of cashing out in fiat currencies wont exist if there's a huge demand and supply to transact only using cryptocurrencies --- provided these coins are regulated by the government, can be taxed by the government but people can make a choice if they need to use crypto coins issued by banks or the government. By looking at what OTT and social media players such as Amazon, Facebook, Google ,Softbank et al. are all trying to do with addressing to bandwidth and last mile issues (check link below) http://www.fiercetelecom.com/telecom/amazon-facebook-and-softbank-to-build-new-14k-submarine-cable-system ; my gut says that people would just use coins issued by the OTT players (emerging markets such as India are only using Whatsapp for Voice, video and messaging services) and in the future this might be one of the sticky factors for such players to have an edge over the incumbents, though I am pretty sure the incumbent service providers might use deep packet inspection for cryptocurrency transactions (ok I made that up) and delay the transactions significantly just how they throttle/block Skype and Whatsapp in markets such as Dubai. These were some random thoughts in my head and I apologize if this was discussed in the past or I am talking absolute rubbish Thanks...Luke

XRP will become the standard of digital currencies. Why? 1) Banks are here to stay. The argument that bitcoin or some form of virtual currency will replace fiat is a complete fantasy. I will bet that in 50 years, majority of people will still be paying for goods and services using fiat currency. XRP is designed to be most effective by using FIAT currency. 99% of people do not care about cryptocurrency. Ask your friends and family if they are willing to accept bitcoin as form of payment, most likely no. Heck, I bet most of us wont even accept virtual currencies as form of payment. XRP is designed so you can pay for goods and services with FIAT currency instantly anywhere around the world, not just in your country. If you want to send money overseas, it will take at least a few days and even up to 2 weeks with high fees. Ripple is the only company that allows fiat currency to be sent anywhere in the world instantly (3-5 secs). Ripple is the monopoly, no other company or technology can do this. 2) The power of XRP is you don't even know your using it. Bitcoin is used as a form of payment. Eg: Bitcoin → Goods and services → Bitcoin. People will have to learn how to use this and for the average person, its extremely complicated. Anything that is successful is simple. When XRP is being used, you don't even know your using it. Your not changing peoples habits by using XRP (think about it!). Example- If you want to buy a expensive watch in China, your most likely going to buy it with FIAT currency regardless of high fees or transaction times. If my bank happens to use the Ripple software and XRP for the cross-border transaction, the money will be transferred instantly with minimal fees. Me, as a paying customer wouldn't even know XRP is being used to convert my local currency to the overseas currency. The bank does this automatically! Its not replacing fiat currency, its acting as a tool to help it. That is why over 90+ banks are using this software already. This ultimately is the magic of XRP and where it wins over all cryptocurrencies 3) Ripple is pro-regulation. Bitcoin and most virtual currencies is designed to bypass government/bank controls. People underestimate the power of governments and banks. They literally control the world. New laws will be implemented to deter this type of behaviour. Look at China, they recently banned all yuan-bitcoin trading. Only logical more countries will follow and rightly so. Regulation is the only way to allow real growth. If I buy a item with bitcoin and I didn't receive the goods, its up to the seller to refund the bitcoin. I cannot go to a bank and ask to reverse the transaction. This alone deters 99% of real use cases that bitcoin was designed for. Because Ripple works with banks, if you did not receive the goods and services that you purchased, you simply tell your bank to reverse the transaction. This is one aspect of the benefits of pro-regulation. 4) XRP is the closest cryptocurrency to mainstream adoption. All cryptocurrencies including XRP is speculation until the they are actually used for real world cases. XRP is in a unique situation that no other "crypto" has, a actual company behind the technology. Ripple is a company that is backed by some of the biggest companies in the world. Why does XRP have value? Because Ripple already has 90+ banks using the software. It has real commercial customers using the software already. The fact that combining the existing software with XRP can save banks up to 60% in transaction costs is a BIG advantage. We are talking about banks, not people. Bitcoin is peer-to-peer. XRP is bank-to-bank. Given that already 90+ banks are using the software, if only 1 bank announces they will be using XRP, the value will skyrocket as it will become the first cryptocurrency to be used in real world situations. Its not a matter of if, but when they will start using XRP.

Hi What is the best crypto (visa) debit card out there in terms of best value for money with fees, etc, ? I am looking at the Bitstamp debit card and it does look pricey wit their fees. I want to exchange my ripple for USD fiat. Deciding on whether to get a debit card or just use international transfer. Support from Bitstamp, Kraken, Gatehub are all poor and your lucky to hear back anytime soon. So I cannot wait all week or weeks for answers. How long does a international transfer usually take? Can't find this info on Bitstamp or Kraken. And if I got their debit card, I assume I would be able to transfer USD from their card to my existing bank card or bank account. After all, this is the reason why I would get their card in the first place. Thanks

Is anyone else out there wondering what a technology like Ripple might do for the value of some fiat currencies out there? Maybe time we start buying up some low valued currency Ripple is targeting as having access to the general market place might boost some of those... Thoughts?

My understanding is that the goal for XRP is to become a reserve currency similar to how USD is nowadays. I also understand that the strategy of Ripple is to first target smaller or less transacted currency corridors for example, Guatemalan quetzal to South African Rand. What are the advantages to using xrp in those cases as opposed to just using the US dollar?

Reuters article this morning entitled 'U.S. Treasury considering all tools to stop North Korea financing: official'. If the US, in cooperation with its global finance partners, choose to "choke" digital currencies via all means available, isn't there a fair risk that this entire marketplace gets disrupted until the threat of Mr. Kim is mitigated? - conduct DDOS on major exchanges - disallow BTC transactions - put all currencies in "transfer pergatory" - pump false alts as honey pots for the N. Korean hacks - etc. etc. Does the possibility of specific global threats impact your investments? Does the possibility of certain global threats outweigh others for you, or do you simply "index them" and go hell-bent-for-leather, as it used to be said in the US of A? Your opinions, please. "Hello, is this the NSA? Got anything, anything really strong to throw at the crypto world for a few months? Oh, I should call Israel? Or Russia? Thanks. I think I'll have M5 do that for us."

Many of the points here seemed obvious long ago but glad to see them getting more attention. https://themerkle.com/bitcoin-is-not-immune-to-all-fiat-problems/

Hi all, I think we all saw @miguel's comment about increasing XRP/Fiat volume in the Ripple ecosystem and it's something we can all get on board with. I'm curious as to what the barriers are to adding fiat pairs to an exchange or gateway like @gatehub ( @enej). Is it mostly regulatory? Is the rate limiting step finding a partner bank? I'm hoping knowledgable forum members can provide some perspective.

Here is a brief outline of the state of Ripple's growing bank ecosystem: Partner banks are integrating the Ripple platform and all Ripple software comes with ILP The banks are forming a mini network and will be able to enter into bilateral and possibly multilateral transfers within network The ILP on integrated bank software will not transact through the public RCL, rather the ILP serves as a subledger that facilitates escrowing (now "holding") of fiat until the transfer is executed Banks are concerned about holding a volatile asset (XRP) on their books as well as the large degree of regulatory uncertainty surrounding the space So how will banks start to take advantage of the ability of XRP to tighten spreads? While banks are not yet ready to hold and transact with XRP themselves due to volatility and regulatory concern, they are able to take advantage of pooled multinational liquidity on regulated exchanges. In this way they can take advantage of instant fiat conversion and lower spreads by sampling bids and offers against XRP on a regulated and licensed exchange. Where's the [inferential] evidence? My sense is that the decision to pursue this strategy (among others) is what prompted Kraken's flurry of acquisitions in the beginning of the year, followed by SBI's investment in Kraken, followed by Ripple repointing their website to Kraken as a place to buy XRP (although it should be noted that Ripple does not officially support the purchase of XRP by individuals on any exchange or gateway). It's notable that Kraken trades in euros, US dollars, Japanese yen, British pounds, and Canadian dollars. Here's the chronological series of events below: 1/19/2016 - Kraken acquired Cavitex, helped with Candian customer acquisition 1/19/2016 - Kraken acquired Coinsetter, likely in part for their pending BitLicense application Although Kraken withdrew their application for a BitLicense, Coinsetter has a pending application that would now likely apply to Kraken as well assuming amendments were made. Don't hold your breath though, nothing has happened in the BitLicense arena for a while (although recently the second ever BitLicense was issued to... Ripple). 2/01/2016 - SBI Holdings (Ripple Partner) invests in Kraken 4/12/2016 - Japanese Money Group participates in series B round for Kraken, they are one of the "largest FX brokers in Japan, servicing more than 270,000 clients" 6/28/2016 - Kraken acquired CleverCoin Recently - Ripple deploys "How to buy XRP" page to point to Kraken Kraken and Ripple are working together? Not necessarily (but their offices are basically next door to each other), Kraken (and CoinBase for that matter) seem to be repositioning themselves to as FX platforms and have long been supporters of BTC. Kraken happens to support XRP while Coinbase does not. Notably, Kraken is not promoting XRP publicly and continues to speak glowingly of BTC in public statements. Nonetheless, Ripple and its partners likely see Kraken as an opportunity to test the theory that XRP will help to tighten FX spreads. Once they're fully licensed... expect fireworks.

Fiat transfers via blockchain.... https://medium.com/@alexwearn/decentralized-capital-is-live-with-support-for-8-fiat-currencies-241e3b474c0d#.u8a6phd95 See Reddit Convo: https://www.reddit.com/r/ethereum/comments/52fca0/decentralized_capital_is_live_with_support_for_8/ And this Reddit commenter who lost money on Ripple/SnapSwap...