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Global businesses are starting to see the light when it comes to digital assets. This includes international economic organizations that realize the true economic potential of being able to move value across borders at the speed of information. In this blog, I profile a large cluster of news items about Ripple technology adoption. Last week was the week of Disrupt in San Francisco, and I break down the video of both Brad Garlinghouse and Michael Arrington onstage at the huge industry conference. There was also a very high-profile Forbes article that was recently released about the history of Ripple, specifically focusing on David Schwartz's role in creating XRP. Coil, Stefan Thomas's new company, released a video explaining web monetization. And the XRP Ledger just became even more decentralized. I also have some interesting information about more exchanges and retailers supporting XRP. I hope you enjoy the read! Please leave any feedback below. Feel free to share my blog with a friend in any way - or on any other platform you wish - 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
xRapid Tipping Point Reached?
Hodor posted a topic in General DiscussionAre we at the tipping point for use of xrp? The number of xRapid customers is growing. xCurrent is quickly replacing SWIFT messaging, and Ripple just signed two new banks onto RippleNet. In addition to news about Ripple's progress, the XRP community is also busy this week, planning meetups in Europe, as well as voting on a new XRP Symbol starting one day from now. After reading the news over the last few days, I leave it to you to judge whether XRP has reached a level of unstoppable momentum. Hope you enjoy the read: please leave any feedback below. Also, feel free to share my blog with a friend, or on any other media - 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
I know some are confused about MUFG's position on Ripple (running tests with Ripplenet in one article and ambitions for creating there own MUFG-coin in the other). This article was posted on MUFG's website yesterday.. and it is ALL about Ripple (and all in a very supportive way). https://innovation.mufg.jp/detail/id=260 You have to have Chrome translate it off course as it is in Japanse. Spoiler alert:
https://cointelegraph.com/news/japans-largest-bank-and-cloud-delivery-giant-akamai-announce-blockchain-payment-network “The Mitsubishi UFJ Financial Group (MUFG) has partnered with major U.S.-based cloud delivery platform Akamai Technologies to release a global payment network based on blockchain.” -> SBI Partner “Akamai, a Massachusetts-based firm, was able to test the blockchain platform “under realistic business conditions,” showing a capability for processing a million transactions per second and a capacity for finalizing transactions in under two seconds, according to MUFG’s official press release.” -> Paychan & xRapid? “Tokyo-based MUFG’s and Akamai’s payment network, which will go live starting in the 2018 fiscal year, will include an interface that functions as a communication network, and will allow Internet of Things (IoT) payment methods like pay-per-use and micropayments.“ -> Micropayments has obviously been mentioned by Ripple a lot, and IoT recently also a few times https://www.mufg.jp/english/vcms_lf/news/pressrelease-20180521-002-e.pdf “2. About the Technology Blockchain’s transaction speed and processing capacity are determined by the speed of consensus decision-making between the nodes that make up the blockchain. The two important factors behind this are the speed of the network between the nodes, and the time required for new blocks within a node to be created and validated. The new service enables higher transaction speed and processing capacity by adopting the following system structure: (1) Achieving high-speed communication between nodes by positioning all nodes responsible for consensus decision-making on the Akamai Intelligent Platform (2) Developing a unique design permitting high-speed and high-capacity creation and verification of new blocks within nodes.” -> Ripple products or something build on top of it?
Ripple, XRP, and Blockchain Week in NYC
Hodor posted a topic in General DiscussionAs Blockchain Week in NYC ends, you'll want to read my wrap of events affecting XRP and Ripple. This blog includes a fascinating "buzz" info-graphic about what people were talking about the most in the first two days in NYC. In addition, I analyze comments from two different Federal Reserve leaders that gave speeches this week and commented about cryptocurrency. Also included is information about Ripple's latest business deals and developments, including MUFG, Xpring, and Coil. I hope you enjoy the read - please leave any feedback below. Please 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
Jan 2018 Fujitsu - SMFG - MUFG trial of P2P money transfer
Amigo posted a topic in Announcementshttp://www.bankingtech.com/1024532/fujitsu-to-trial-blockchain-payments-with-three-japanese-banks/ Is this the planned one with Ripple? It mentions Hyperledger also but not clear which is what in this case... Edit: sorry dated Oct 10 2017, so probably mentioned somewhere already. Still interested in the answer though ?
In addition to SCB Bank, Krungsri Bank in Thailand adds real-time global transfers supported by MUFG Japan. It is not clear from the article of they use Ripple. Maybe someone can chime in. http://www.nationmultimedia.com/news/business/corporate/30319701
MUFG annual report mentions Ripple, GPSG
PunishmentOfLuxury posted a topic in General Discussion
Theoretical Use-Cases for XRP
ObservantOne posted a topic in XRP Trading and Price SpeculationThis may be a topic that has already been covered, and I am too lazy to search through 3k+ threads to find it. I am writing down my experience as I project my assumptions into the future, where XRP is the river that all other forms of value float upon. I see XRP being adopted by the largest banks first, showing a real use-case that will be the jumping point needed for all other banks to make the same change with confidence. Do or die. Forced to comply, XRP will be adopted quickly. I understand that the ILP is really the only thing that is necessary, but when you get Paychan and Escrow with RCL using XRP it is a no-brainer! *bank committee* "Hey, should we like...adopt this RCL thing? I mean, it does work reaaally well....or should we like, try to come up with our own way of working something into our ILP like Paychan or Escrow" Nope. They will jump on board. When you are on a sinking boat, you get on the life-boat that is available, given the available one is reliable and efficient. Get everyone talking with the ILP, show them how cool the Paychan and Escrow additions are and they will slide right on in to using the RCL. Bingo. Second step is going to be to really sell the crap out of it. It is a stock, essentially. Get the price down low (not insinuating that Ripple has anything to do with it, but that everyone's goal is stability for adoption) and get as many banks onboard as possible. Then you let this beast free into the wild, and sell the crap out of it! The smaller banks are probably going to be absorbed into the larger, is my prediction, as the larger banks are best positioned to hold the most XRP before it goes up significantly in price whereas the smaller banks face higher adoption prices and rough implementation. Hence, the absorption. Again, this is only MY prediction. Down the road, I see apps developed to allow people to use XRP to transfer value for a P2P purchase. XRP is used to transfer money instantly on the stock market...(Right, Miguel?) I see XRP as having a far-reaching arm that will have fingers in everything. Essentially, we are creating a global currency that will be worth more than any other currency using it. Yeah, yeah bitcoin shmitcoin. I'm talking a global currency that will be happily adopted by the global banking community....you know, the one that the majority of the civilized world uses on a daily basis. A New World Currency. NWC. Can I coin that?