Jump to content

Search the Community

Showing results for tags 'ripple'.



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
    • Coil Posts and 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
  • COIL Think Tank's Topics
  • Bob's Book Club's Topics
  • XRP FAQS's XRP Q an A’s

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
  • COIL Think Tank's Events
  • Bob's Book Club's Calendar

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 2,066 results
Minimum search term is 4 characters long. Can't find what you want? Click here for the custom google search instead.

  1. Hi, can anyone explain why the value of XRP (Ripple "tokens") needs to fluctuate? Why didn't Ripple (the company) just say that their tokens are worth 10 cents each forever. Just like postage stamps have a fixed price (except when prices are increased due to increased delivery costs or inflation). No-one speculates on the value of frequent flyer tokens (sorry "points") or current (non rare) postage stamps, so why are XRP and other crypto's different? Surely they aren't rare already - there are millions of XRP's and thousands of different "coins" apparently and more can be created easily anytime - there is no limit, no rarity. Ripple can just decide to release more XRP if they want to - there's no law to stop them is there? So why are these tokens worth more than postage stamps and frequent flyer points? Or cash (fiat money)? It was a genius idea to call these things "coins" because it makes them feel like money. But they aren't money (or coins), are they? XRP is just a token (actually just numbers) which can act as a short term intermediary in some international currency transactions. It's value is irrelevant for these transactions - yes it needs a value, but it could be 1 cent or 10 cents or any fixed arbitrary amount. I'm puzzled - please help me understand. Why do you think these are worth something as an investment??
  2. Hi all, I am trying to pull the payment volume of just XRP from http://data.ripple.com/v2/network/payment_volume I would like to pull it for each day that XRP has been around (since 2013) but I cannot find a way to filter by day. Does anyone know how to do this? Best
  3. Ripple Releases Final Investment in MoneyGram: Now Plans To Extend To Australia And Europe In June this year, Ripple made an investment commitment to MoneyGram. Soon after that, the company invested $30 million in MoneyGram. In that deal, Ripple received about a 10% stake in MoneyGram. Under the deal, MoneyGram would begin using the XRP currency in its money transfer services. As part of the deal, Ripple agreed that it would invest a further $20 million at some point within the next two years. The company has now fulfilled that promise with the latest investment. See the full article below https://www.visionary-finance.com/news/Ripple-Releases-Final-Investment-in-MoneyGram:-Now-Plans-To-Extend
  4. Hi there, first post here. I opened a Ripple client account back in 2012/13. I wrote down everything i was told, account password, account name and secret account key. I was told that these details were very important, and i would need them if i ever needed to recover my wallet or account. All of these details i still have. I considered my investment in Ripple to be long term, so in that respect, i was not going to constantly keep track of it. I cannot remember the exact amount, but there are approx. 3000 XRP tokens in this account. Time went on, and i apparently missed the window for migrating to Ripple Trade, but knew i could still migrate to GateHub. So, safe in the knowledge i had the correct details, i signed up with GateHub and tried to migrate my account. To my HORROR(!), it said my secret key was INVALID!! I then did a Google, and it turns out others seem to be having similar difficulties. I have since tried several other means to recover the wallet, including the old Ripple Trade. It says 'Unable to recover account user does not exist'. I have tried opening new wallets and importing the secret key, but it still says the secret key is invalid. I have learned that the secret key begins with an 's' and is 29 characters long. I can tell you that MINE is 'ss' and 29 characters long. All are legal characters, i checked. I am absolutely sure i wrote it down correctly, as i wrote it down in three seperate places, all of them correspond. How can this be? I did everything correct, and now i would like access to my XRP. I am awaiting to hear from Ripple support. I would very much appreciate any assistance the community can give.
  5. With How Ripple has set record and made great history in payment network, It will be good to have community support to nominate Ripple in every areas for this blockchain award orgainzed by uptrennd from this tweet. There are 21 categories in the peoples blockchain awards being hosted on @Uptrennd!Ripple could easily be nominated for many of them!! https://www.uptrennd.com/post-detail/the-people-s-blockchain-awards~MzExODIy
  6. Ripple Joins Mobility Blockchain Initiative That Includes IBM, BMW, Ford, And Others "Currently, the members of MOBI account for 70% of the global vehicle production market. Some of the founding members of MOBI include Ford, BMW, Renault, General Motors, and Bosch." https://www.visionary-finance.com/news/Ripple-Joins-Mobility-Blockchain-Initiative-That-Includes-IBM-BMW-Ford
  7. Hypothesis: Ripple has decided to seize upon the looming messaging app payment revolution in addition to their known efforts to engage payment companies for cross border remittance. 1) A Year ago Ripple hired Amir Sarhangi away from Google. "Sarhangi joined Google through its acquisition in 2015 of Jibe Mobile, a startup he founded and led that developed technology for wireless carriers to adopt Rich Communication Services." Beyond whatever organization and leadership skills he may possess (which I am in no position to assess), his innovation with RCS is very important. 2) RCS is the SMS replacement that allows for robust data and provides important business opportunities for both consumers and business messaging. It aspires to be more interactive and interoperable than SMS and has the potential to replace apps - you wouldn't have to download the Domino's app to order a pizza and collect cholesterol points if you can do it in the same chat your train tickets are in. Same with passes, travel, etc. This, in turn is handy for corporate expense accounts and group chats. With instant, trackable data, it could make customer engagement easier. 3) Sarhangi's Jibe Mobile was an RCS innovator providing cloud-based virtual IMS, IP messaging, video chat, and developer API gateways to mobile network operators. Building on this, Google announced it has worked with every major cell phone carrier in the world to adopt RCS as of 2018. Here is a slide from one of his presentations with Google (and GSMA) about the potential benefits: 4) Why does Ripple care? WIth great potential for mobile payments and mobile banking, it pays to care about RCS. Mobile payments are inclusive and open up, quite literally, the whole world as a market. Remember, Asheesh Birla said that Ripple considered giving away XRP to everyone in India but decided instead to target telcos & mobile phone providers where banking actually occurs: In a recent interview, he expressed exciting ideas about the global nature of cross-border payments that comport with this: 5) Messaging apps are the future of payments, and the competition has a head start. WeChat, the holy grail of messaging apps (well, it's big any ways), is the kind of thing Ripple enthusiasts hoped would adopt XRP. Facebook and iMessage already allow for P2P money transfers but increasingly the push is towards using messaging for POS. LG recently entered the RCS payment race with a trial of the Cross-Carrier Payment System. The system uses blockchain because, " it works via APIs it can be effectively coupled with RCS enabling frictionless yet cheap local and overseas payments." While MoneyTap is a push into the arena utilizing Ripple, there is great incentive for Ripple to bring the instant settlement of an XRP based product to market over RCS. 6) Sound like lot of data? It is, hence carriers rolling out 5g. Somebody has to pay for all that RCS data. This, too, is an arena where mobile operators are looking into DLT for streaming charges, and cross border digital wallets; again a perfect XRP use case. This report is from Accenture, a Ripple enabling pay channel. Imagine both consumer payments over RCS and the and the charges for the data moving over the XRPL independently 7) There are two snags with RCS. One drawback is that like SMS, messages are not end-to-end encrypted. Second, Apple has resisted RCS preferring their integrated apps. There are hints though that they are coming around - if every carrier adopts the RCS protocol, then pressure will mount to join. 8) Sarhangi is an RCS pioneer, someone who can help Ripple integrate into mobile networks. Perhaps his hire was an indication of a direction Ripple is pursuing to capture mobile payments. (apologies for stilted posts - were originally tweets, but just too long) References 1) https://www.reuters.com/article/us-ripple-moves/blockchain-startup-hires-away-googles-messaging-tech-leader-idUSKCN1N02QA 2) https://www.digitaltrends.com/mobile/what-is-rcs-messaging/ 3) https://www.gsma.com/futurenetworks/wp-content/uploads/2018/03/Google-Amir-Sarhangi-MaaP-Seminar-MWC18.pdf https://www.rcrwireless.com/20190408/opinion/rcs-texting-reader-forum 4) https://www.express.co.uk/finance/city/987173/Bitcoin-price-ripple-india-cryptocurrency-ethereum-BTC-to-USD-XRP-news https://dailyhodl.com/2019/09/11/ripple-exploring-entry-into-global-micropayments-industry/ 5) https://cardconnect.com/launchpointe/payment-trends/messaging-platforms-pos https://ripplecoinnews.com/lg-corps-and-cbsg-consortium-plans-to-rival-ripple-trials-cross-border-payment-solution 7) https://www.forbes.com/sites/quora/2017/06/16/what-is-apple-business-chat-and-why-is-it-important/#2136c30b19c0
  8. Western Union Testing XRP For Cross Border Payments, CEO Shifting Thoughts On Ripple? "Specifically stating that "Cross-border B2B is the most meaningful, medium-term use case for crypto payments." https://www.visionary-finance.com/news/Western-Union-Testing-XRP-For-Cross-Border-Payments-CEO-Shifting
  9. Potential Ripple And Bank of America Partnership Rumors Continue, JP Morgan Involved As Well? News through the grapevine indicates that Ripple could soon collaborate with Bank of America to launch a revolutionary global payment system. Besides Bank of America, JP Morgan could also join the payment system, which could potentially take significant market share from the SWIFT & change the way money is moved globally. https://www.visionary-finance.com/news/Potential-Ripple-And-Bank-of-America-Partnership-Rumors-Continue-JP
  10. 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.
  11. XRP Price Outperforms, Are Investors Connecting Ripple To The Proposed Fed Digital Dollar? "But many believe that Ripple could be involved in some capacity. The Federal Reserve has been looking at ways to revolutionize payments since 2013. In 2015, the entity introduced the “Faster Payments Task Force Steering Committee” in which Ripple was involved." https://www.visionary-finance.com/news/XRP-Price-Outperforms-Are-Investors-Connecting-Ripple-To-The-Proposed
  12. Ripple SVP Talks Cross Border Payments On Radio Show, Believes Ripple Will "Take Off In The Next 2 Years" https://www.visionary-finance.com/news/Ripple-SVP-Talks-Cross-Border-Payments-On-Radio-Show-Believes
  13. Tiffany Hayden Forced to Sell Off All of Her XRP Cryptocurrency Due To Trolls Tiffany Hayden, who is often called the “CEO of XRP,” was recently forced to sell off all of her XRP after being subjected to disparaging remarks for over a year. https://www.visionary-finance.com/news/Tiffany-Hayden-Forced-to-Sell-Off-All-of-Her-XRP
  14. Καλησπέρα σημερα θα αναφερθω σε ενα αλο ψηφιακο νομισμα που ισως να αξιζει να του δωσουμε λιγο την προσοχη μας. Εκτός από το bitcoin υπάρχουν και άλλα πολλά Αltcoin που ο κόσμος δεν τα γνορίζεί όπως είναι το Ripple, Monero, NEO και άλλα πολλά σήμερα θα ασχοληθούμε με το Ripple η αλλιώς RippleNet. Τι ειναι το Ripple - Δειτε το και σε video εδω Το Ripple είναι ένα ψηφιακό νόμισμα αλλά ταυτόχρονα είναι και ένα πρωτόκολλο πληρωμών δημιουργήθηκε το 2012 και από τότε η τάση του είναι ανοδική Για μια εταιρεία startup που δέχθηκε λίγα χρήματα το 2012, η Ripple δεν τα πάει και άσχημα. Αυτή τη στιγμή τα κρυπτονομίσματα XRP αξίζουν δισεκατομύρρια δολάρια, τα οποία δημιουργήθηκαν κυριολεκτικά από το τίποτα. Η αξία ενός XRP αυτή τη στιγμή είναι μόνο $0.27 περίπου. Αν η Ripple μπορέσει να κάνει τα μισά από όσα λέει, και μέσα σε 10 χρόνια μπορέσει να αναλάβει το 1/10 από τις χρηματικές μεταφορές παγκοσμίως, τότε η τιμή ενός XRP όχι μόνο θα φτάσει τα $100 αλλά πολύ παραπάνω. Άλλωστε μιλάμε για την παγκόσμια αγορά χρηματικών συναλλαγών, στην οποία μεταφέρονται καθημερινά $14 τρις δόλαρια. Μείνετε συντονισμένοι. Διαφορα Ripple | Bitcoin Οι βασικές διαφορές του Ripple/XRP με το bitcoin είναι οτί δεν μπορείς να κάνεις mining και οτι εντοπίζεται στον τρόπο λειτουργίας του δικτύου συναλλαγών, καθώς το XRP λειτουργεί όπως τα παραδοσιακά νομίσματα σε ψηφιακό δίκτυο συναλλαγών και εμφανίζει αρκετές ομοιότητες με τον τρόπο λειτουργίας του δικτύου της VISA ή της Mastercard, αλλά με αρκετά μικρότερο ποσό χρέωσης ανά συναλλαγή http://www.toprazer.com/2017/11/ti-einai-to-ripple-kai-giati-na.html
  15. gregory allen krouse Ron Johnson and Ron Johnson Staff, Recently I was scammed out of $2500 usd (9600 xrp cryptocurrency) by someone posing as Brad Garlinghouse (ceo) from Ripple XRP crypto. Many attempts have been made directed at Ripple and Coinbase about this loss and about how best to combat this crime to where maybe i could recover my money. The response was negative even disrespectful where the current solution in their eyes was myself, that the users of cryptocurrency should know better, or lose their investment. To me, this is an outrage, which I would like to explain. Please read on: Something must be done about the handling of hash for digital assets such as XRP and ETH. I contacted a blockchain programming development firm for discussion about how to implement a software solution to this. The firm explained to me that they currently have something designed to help combat Phishing scams which would put the transaction on a 24 hour hold, giving the sender time to cancel the transaction. The firm was not very hopeful as their experience with others trying to implement this approach felt that, the wider crypto investor population will not want to wait 24 hours to send or receive their digital assets. I believe this is one example of why nothing has happened and why the abusive use of assets saved and sent in Hash and why it has become such a risky endeavor. Anyway, the practice of using Hash as the protocol for carrying a buy or sell command through the blockchain has progressed with no opposition. People every day are losing vast amounts of money to something as simple as sending a buy order for crypto currency incorrectly. No mercy, no forgiveness, and no tolerance for newly adopted users of cryptocurrency. Again, I find this to be an outrage. Again, we have come up with some solutions, my idea is to protect assets with an unzip parameter which requires the recipient to receive a code from the sender to open the file after it is sent or a two step verification process. The firm i approached on the matter, suggested using its solution where all sent files fall into a 24 hour hold to allow for reversal. Armed with ideas like this, I seek assistance and authority of a legislative body to help govern such matters. I do believe it is a worthy effort and justified by the many people who have lost their crypto from mishandling of the hash formated protocol. To me, it is absolute abuse and unfair to everyday users of cryptocurrency, and in a way, prohibits the universal adoption, onboarding and general use of crypto by all who wish to participate. Where fear dominates something, that fear must be squelched. Where unforgiveness and intolerance dominates something, a reciprocal response should always be instituted. It is the American way, it is a constitutional matter, in my assessment. Love and Grace courses within the bloodstream of all countries governed as a Republic…a democracy, and this applies to all things, wherever the conduct of its constituents are subject to harm. When I learned, as an unlearned innocent user of crypto, that something as inadvertent as moving assets from a BTC account to an ETH account would result in the loss of my funds, then I knew intuitively that I was violated by something that should be deemed a human right. Furthermore, the mere fact that no one even knows what happens to crypto if they are sent incorrectly using this the Hash formated protocol, justifies governance by an authority of human rights. That is how wrong I think this is. where does cryptocurrency go if it is mistakenly sent incorrectly in the hash format, like from a BTC account in one exchange over to an ETH account in another exchange? My experience is that the crypto just gets destroyed or gets lost to some kind of black hole. That is absolutely abusive to the young unlearned user of crypto. New people to this industry should not have to absorb those kinds of losses. I think it is just plain nonsense, regardless. It resembles something evil, which has no place in society whatsoever, and should be subject to the authority of the American people. Moreover, any asset that simply gets destroyed over mishandling is also complete nonsense. What happens to it? I am sorry, but that is not going to be allowed in exchanges in the USA, and hopefully, exchanges everywhere. If crypto gets destroyed, for any reason at all, thoughtful reasonable people should be asking, why, how, and when are we going to put this to a stop. The fact that this practice is even taking place in todays exchanges or within the source code of how blockchains are processed, than it is embarrassing and intolerable. What are we, a bunch of monkeys, swinging from trees? I don’t even know where to send this complaint?. If there is a body that has some authority in the cryptocurrency industry, i have not found it. Then, who is in charge of matters like this? Anyone? This is why I am sending this message to my US Senator here in Wisconsin. If this new industry chooses to turn a deaf ear to victims to something as ridiculous as this, then, the matter must to go to congress in my opinion. Ron and Staff, will you help me take this matter to the American people? The longer we wait on this, the more people will become victims to scammers and to the stupidity written within the source code of cryptocurrency and the blockchain. Thank you, Gregory Krouse
  16. Ripple Could Take Billions From SWIFT Through National Bank of Egypt Deal With the addition of Ripple, this opens up the door to RTGS / SWIFT competition. Ripple CEO Brad Garlinghouse has come out multiple times stating that they will take significant market share from SWIFT. The agreement with Egypt could put them in the position to do so. https://www.visionary-finance.com/news/Ripple-Could-Take-Billions-From-SWIFT-Through-National-Bank-of
  17. Late last year, Xi Jinping gave a speech declaring that blockchain technology presented an important breakthrough on several key areas within China and that the government intended to utilize the technology. Xi Jinping claimed that the development of distributed ledger technology provided a pivotal moment in which it allowed the Chinese state to reform and improve the inefficiencies found within the Chinese financial market. Stating that “It is necessary to explore the application of ‘blockchain’ in people’s daily life, and actively promote the application of blockchain technology in the fields of education, employment, pension, data-driven poverty alleviation, medical health, anti-counterfeiting, food safety, public welfare, social assistance, etc”. (1) Xi’s speech was in stark contrast to China’s previous posture on blockchain technology, specifically on cryptocurrencies such as BTC. But the public statement displayed that the Chinese government had finally come to an understanding on the potential blockchain technology can provide to the state. Unfortunately, most crypto evangelists took the speech to mean that the Chinese market was opening itself to the publicly traded cryptocurrencies found in crypto exchanges. An appreciation in the total crypto market capitalization only reinforced this notion that China was simply going to adopt the current, open source blockchains present. Weeks passed and China’s historical stance on cryptocurrencies was further fortified when several crypto exchanges halted or ceased services amid speculation of a crackdown within the country. (2) A contradicting development to Xi’s previous speech earlier in the year. However, there has been collaboration and developments by the state in the background that would corroborate Xi’s statements. Financial Access 2020 The foundation was laid at the 2015 World Bank Group–IMF Spring meetings. These meetings resulted in the establishment of the Universal Financial Access 2020 (UFA2020) initiative. The World Bank Group along with both private and public sector partners, committed themselves to promote and enable global financial inclusion in a multi-year program. With the intentions of enabling individuals who are not currently connected to the financial system, to have access to a transaction account to store money while also being able to send and receive payments. Setting a goal of enabling one billion unfinanced individuals to gain access by 2020. Their approach being the development of a platform that has a biometric identity database, virtual payment addressing, and digital payment interoperability. (3) At the time, there were over 30 partners that committed towards the UFA2020 initiative. Participants that now include the likes of Alipay, Du Xiaoman Financial (Baidu), BBVA Microfinance Foundation, CFPA Microfinance, Confederation of West African Financial Institutions (CIF), MasterCard, Pakistan Microfinance Network, State Bank of India, VISA, etc. (4) With each of these partners doing independent projects or collaborations to meet the UFA2020’s target. One such program that was spawned from the UFA2020 initiative, was the Financial Inclusion Global Initiative (FIGI). A three-year program formed by the collaboration between the World Bank Group, the Committee on Payments and Market Infrastructure (CPMI), and the International Telecommunications Union (ITU). The program is funded by the Bill & Melinda Gates Foundation. (5) Their collective goal is “to support and accelerate the implementation of country-led reform actions to meet national financial inclusion targets, and ultimately the global ‘Universal Financial Access 2020’ goal”. (5) This subgroup plans to utilize the “work of the CPMI-World Bank Group Task Force on the Payment Aspects of Financial Inclusion (PAFI), the BMGF’s Level One Project, and the ITU Focus Group – Digital Financial Services, to deliver implementation solutions, deep topical analyses and practical investigations, working toward the goal of Universal Financial Access by 2020”. (5) Bill & Melinda Gates Foundation’s Level One Project is recognized by followers of Ripple due to the project’s development and intention of utilizing the Interledger Protocol to address interoperability between financial systems while helping lower the costs in developing inclusive payment platforms. Thru panels held at the FIGI symposiums, there is apparent dialogue and collaboration between the FIGI organization, the World Bank, and Ripple. (6) China The main purpose of the FIGI receiving grant money from the BMGF in 2017, was to accelerate financial inclusion in developing countries. With three countries being selected to be the focus of the initiative. Those countries being Mexico, Egypt, and China since they contain millions of unbanked individuals. (7) Ultimately, the development and progression of the initiative will be used as models for digital financial inclusion innovations around the globe. And regarding the selected countries, the People’s Bank of China (PBOC) specifically requested support from the World Bank Group to aid in bridging the gap between the Chinese financial system and their citizens found in remote areas. (7) Interesting enough, the FIGI initiative aligned with other partnerships and projects in 2017. Partnerships that were composed of Ripple, Huawei, Mojaloop, etc. As some in the Ripple/XRP community might remember, officials from the PBOC visited the San Francisco Ripple offices in August 2017. (8) The community speculated on numerous possibilities on why Ripple was being visited by PBOC officials but there was no disclosed explanation of the meeting between Ripple and the PBOC. But looking at other announcements from 2017 chronologically, some perspective on the PBOC and Ripple meeting can be gained. First, the PBOC sought guidance and help by the World Bank Group to foster financial inclusion innovation within the country. The FIGI under the UFA2020 initiative, choose China to be one of the three countries focused on fostering innovation early 2017. In August 2017, the PBOC visited the Ripple offices in San Francisco. Two months later, BMGF and Ripple’s collaboration and development on Mojaloop was publicized. (9) Yet one aspect of the announcement on Mojaloop that was overlooked was that four mobile systems companies were brought to help develop an Open API for mobile money interoperability. Those companies being Ericsson, Telepin, Mahindra Comviva, and Huawei. (10) And with a document from the International Telecommunication Union (ITU) on “Digital Currency including Digital Fiat Currency”, we know that the Mojaloop API was designed by the four mobile companies that included Huawei. (11) Huawei and the BMGF have also been collaborating on promoting interoperability and financial inclusion since the previous year. Late 2016, Huawei announced partnership with the Gates Foundation on the Level One Project. (12) With the partnership focusing on developing “scalable, low-cost, interoperable and fraud resistant payment systems will be based on open Application Programming Interfaces (API’s) and help people in the world’s poorest regions improve their lives and build sustainable futures by connecting them with digitally based financial tools and services”. (12) Coincidentally occurring right when the Mojaloop API was being developed in the same Level One Project. Nonetheless, the Mojaloop API seems to be both an innovation and solution both Huawei and the BMGF sought to develop in their partnership. We know that the BMGF and Bill Gates himself, have been aware since 2016 ,of the potential revolution the Interledger Protocol can bring to the financial system1d. With Bill Gates even recognizing how Ripple’s technology can move money across countries efficiently and cheaply. (13) Although Ripple’s known involvement in China is thru LianLian Pay and some possible penetration thru third parties such as AirWallex, there appears to be a potential utilization of the Mojaloop API thru Huawei in FIGI’s project within China. This can potentially explain why Ripple expanded into China with the opening of offices in the country. (14) Outside FIGI Outside of FIGI’s scope in China, there are other developments with UFA2020 affiliates forming and investing in projects that could leverage the Interledger Protocol. A recent example involves a group of Ripple investors and partners raising capital for Currencycloud. Currencycloud is a UK startup that has developed remittance APIs that allows any financial business to integrate money transfer services thru Currencycloud’s platform. A duo of Ripple shareholders in SBI and Siam Commercial Bank participated in the Series E round for the UK startup. But interesting enough, VISA and the World Bank Group’s International Finance Corporation also partook in the series round. (15) Two key members of the UFA2020 initiative. These investors intend to promote and utilize Currencycloud’s API for cross-border payments. While VISA has also entered a partnership with the UK startup. Thrugh the partnership, VISA plans to expand and improve their services by using Currencycloud’s platform. (16) Yet Currencycloud has another notable partnership with the Ripple associate, DWOLLA. DWOLLA is not only known for sharing a seat with Ripple on the US Faster Payments Council but more importantly, for their collaboration in developing the Mojaloop platform. (17) DWOLLA will be leveraging the UK startup’s platform to expand their network for coverage on 38 currencies in 180 countries. (16) And on a final note, Currenycloud has an impressive group of clients that includes The Bill & Melinda Gates Foundation. (16) Furgther adding another affiliate to the assortment of UFA2020 and Ripple partners involved with Currencycloud. (16) Looking at announcements or projects through the perspective of promoting and expanding the Universal Financial Access 2020 initiative, one can conceivably see the purpose and structure of collaborations done by Ripple associates to possibly promote adoption of the Interledger Protocol. 1. https://medium.com/@mablejiang/xi-jinpings-speech-at-the-18th-collective-study-of-the-chinese-political-bureau-of-the-central-1219730677b2 2. https://cointelegraph.com/news/china-5-crypto-exchanges-halt-or-shut-services-amid-perceived-crackdown 3. https://www.worldbank.org/en/topic/financialinclusion/brief/achieving-universal-financial-access-by-2020 4. https://ufa.worldbank.org/en/partners 5. https://www.worldbank.org/en/topic/financialinclusion/brief/figi 6. https://twitter.com/DougMPearce/status/936176649963388928?s=20 7. https://www.devex.com/news/3-model-countries-selected-for-a-new-financial-inclusion-initiative-90778 8. https://twitter.com/Ripple/status/902201846592184320?ref_src=twsrc^tfw|twcamp^tweetembed|twterm^902201846592184320&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fripple-talks-with-peoples-bank-of-china-key-to-chinese-blockchain-market 9. https://ripple.com/insights/news/ripple-the-gates-foundation-team-up-to-level-the-economic-playing-field-for-the-poor/ 10. https://www.gatesfoundation.org/Media-Center/Press-Releases/2017/10/Bill-Melinda-Gates-Foundation-Releases-Open-Source-Software-to-Expand-Access-to-Financial-Services 11. https://www.itu.int/en/ITU-T/focusgroups/dfc/Documents/FGDFC-O-003.pdf 12. http://carrier.huawei.com/minisite/software/mobile-money/foundation.html 13. https://ripple.com/insights/why-bill-gates-believes-2016-will-be-the-year-of-financial-inclusion/ 14. https://www.asiacryptotoday.com/ripple-plan-expansion-to-shanghai-china 15. https://techcrunch.com/2020/01/26/currencycloud-nabs-80m-from-visa-world-bank-group-and-more-for-its-cross-border-payments-api/ 16. https://www.currencycloud.com/company/clients/ 17. https://modusbox.com/announcing-mojaloop-io-an-open-source-software-platform-for-financial-inclusion-to-uplift-the-worlds-poor/
  18. SBI Holdings Annual Report Drops Crazy Ripple Predictions, Could This Be Aiding XRP Price Surge? SBI Holdings has been closely tied to Ripple since 2016 and it was quite interesting to see the comments they made on Ripple in the latest report. https://www.visionary-finance.com/news/SBI-Holdings-Annual-Report-Drops-Crazy-Ripple-Predictions-Could-This
  19. Ripple CEO Talks About XRP And Bitcoin Price Control, Fights "Dumping" Accusations Brad Garlinghouse, the CEO of the leading blockchain payment platform, Ripple says that they can’t control the price of XRP. see the full story below https://www.visionary-finance.com/news/Ripple-CEO-Talks-About-XRP-And-Bitcoin-Price-Control-Fights
  20. Blog URL: https://coil.com/p/Hodor/Scenario-Ripple-Goes-Public/3vhbFKIWB Should Ripple 'go public?' I analyze some basic pros and cons in my latest blog on Coil, and include a hint about the next 'scenario' I'll be analyzing, which may surprise some people. 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
  21. Ripple And Coinbase Pushing for Market Integrity with Blockchain Association https://www.visionary-finance.com/news/Ripple-And-Coinbase-Pushing-for-Market-Integrity-with-Blockchain-Association
  22. Hello everyone! Happy Sunday! I made XRP, Ripple and other shaped cookies with the help of my 3D printer! 😁 https://coil.com/p/PatriciaC/Want-XRP-Ripple-or-other-special-shapes-Sugar-Cookies-/wcp9y-b_C
  23. https://ripple.com/insights/q4-2019-xrp-markets-report/
  24. Steve Mnuchin Embraces Cross Border Payments at Davos 2020, Ripple CEO Confirms https://www.visionary-finance.com/news/Steve-Mnuchin-Embraces-Cross-Border-Payments-at-Davos-2020-Ripple
×
×
  • Create New...