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Disclaimer: Strictly for fun! Not financial advice! Also, would love anybody to expand on or talk about the flaws in this. Also unsure if this has been talked about already! So someone, 4y ago, asked: “Why does XRP need a value to be used on the RippleNetwork by banks if it will be adopted? Can’t it be used with zero value?” In summary, David Schwartz responded: “No, can’t be used unless it’s value and liquidity is sufficient, and the more value and liquidity the broader range of payments it can be used to settle. The easiest way to see why this is so is to think about bitcoin. Four years ago, you couldn’t buy a house with bitcoin. You can today. But it would be very hard today to settle a $1 billion payment with bitcoin. If bitcoin’s price ever goes to $1,000,000, you could then settle a $1 billion payment with it.” Link: https://www.quora.com/If-a-large-amount-of-banks-were-to-adopt-xrapid-and-started-using-xrp-how-would-that-impact-the-tokens-value In other words - BTC’s price at the time of posting this (probably between $4k-10k) would be adequate for something like a house payment, but move the market way too much with regard to large-volume institutional payments, and hence a settlement for $1Billion using BTC would be much more efficient (or preferred) at $1million a token. Now, for fun, let’s F around and play with this very specific, but very intriguing, example by D.Schwartz, and easily calculate some good ol prices. Problem: If 1 BTC needs to = $1,000,000 to settle a $1,000,000,000 payment & total supply = 21,000,000 then what does 1 XRP need to = to settle the same amount with a total supply = 100,000,000,000 Solution: (21000000*1000000*1000000000)/(1000000000*100000000000) = XRP (equate market caps to solve xrp price) Turns out, 1 XRP = $210, in this scenario. Well, that is with a total supply available on-market or on-demand. Now, what about a much lower available supply, especially the designated supply dedicated to specifically settling high volume payments on RippleNet (ODL)? What about most of XRP is existing/sitting on global institutional balance sheets in the future? What about constant transactions and settlements taking place, rather than a one off? Multi-billions of dollars, frequently? What about XRP settling a whole bunch of other stuff - NFTs, tokenized real-estate, other equities but also stocks and debt securities? Smart-Contract capabilities? On chain and off-chain settlements, ILP? Plain Lockups and staking? I’ve read that something like 5% of the supply is what will eventually be in-use. Might be bs. Anyway, using the same equation and scenario - a sufficient BTC price to settle a $1B payment that won’t move the market too much - and ignoring a whole bunch of other variables and adjustments that should probably be made on both XRP’s and BTC’s sides (lol, this is very much a massive assumption and strictly for fun): Assuming % of XRP supply on-demand = $ 100% = $210 50% = $420 30% = $700 10% = $2100 5% = $4200 1% = $21000 Again, would love for anyone to expand on or find the flaws in this (i know there are many)! -
Throughout the years there has been a lot of clashing, muddy and misaligning info about the roles and differences between the likes of OVL (Overledger), ILP (InterLedger), XRPL, SWIFT, but after 6 yrs I think I finally have clarity on the categorising. Please keep in mind, this is my own speculation (also first post here). Not incl. all relevant techs, it goes like this (if I'm wrong, pls do correct me): SWIFT - interbank msging/payments and traditional-settlement Sys. (will) utilise CCIP (via LINK) - to extend clients to dlt/blockchain for msging/payments. OVL - All DLT/Blockchain + Legacy Sys plug-n-play or bridge - data/msging/payments/mDAPPs-building OS. QNT - gas/transaction token for OVL. ILP - IoV or open-source protocol/pipelines for msging of value/payments interoperable with, or between, any ledgers (e.g. leverage external ledgers like the XRPL to instantly settle an on-chain, or on-ledger, or even cross-ledger, payment via XRP). XRPL - neutral/public/open-source consensus settlement & tokenisation layer/DEX. XRP - agnostic and liquid cheap/public/instant/neutral native settlement asset/currency. RippleNet (xCurrent) - Private Interbank & PSP instant msging/payments Sys by Ripple, or RTGS and direct competition to SWIFT. ODL (xRapid) - leverages XRP for instant settlement. Conclusions: Best to my knowledge, OVL seems to be on another planet in terms of possibilities/capabilities in the msging, smart-contracts and dAPPs department. It does seem to me that there is a sort of 'battle of the institutional payment/msging/data systems' that are/will be ongoing between: Systems/hubs built with OVL, SWIFT/LINK, RippleNet. SWIFTs leveraging of Chainlink via the CCIP is a (clinging-on-for-dear-life) direct competition to the likes of RippleNet and any payment systems possible with OVL. Additionally, It also seems to me that the best 'settlement mechanism', that makes the most sense for all these systems/ledgers (private/public) to be using (w/RippleNet already using), which really has no competition, is via XRP - made more accessible to any external/off-chain ledgers or private institutions (incl. those in an OVL and/or SWIFT/LINK Sys/environment), without the need for on-boarding onto RippleNet, and at global 'internet-like' scale, via payment msging through the open ILP. That is, unless you're an entity which is relying on a non-neutral, and probably biased and more illiquid (not to mention probably more expensive) asset or mechanism e.g. a particular CBDC or Gov-backed or dollar-pegged stablecoin (prone to a whole range of issues). Moreover, platforms like XinFin, Corda and Quorum will undoubtably all be involved in smart-contracts and institutional-grade trade-finance (XinFin being a hybrid network and combination of Eth/Quorum and Corda). Question I still have: Whilst there is a horde of evidence that the XRPL/XRP is being leveraged by Institutional OVL and Corda initiatives/arrangements/experiments, is there any clear evidence that SWIFT will possibly leverage the XRPL/XRP and if so will it be via Chainlink through the CCIP or via ILP? Apologies if this is too technical or hard to understand for anybody, contains errors, and for any grammar errors.
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https://bcbgroup.io/blinc/
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https://xrpripplenews.com/2019/12/15/us-gov-doc-mentions-xrp-sec-legarde-on-global-financial-future/
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https://www.google.com/maps/d/viewer?mid=1eYYAGjdNeQw0u1T2aJ3nTWjkrxs&ll=36.650792521037744%2C135.68115234375&z=5
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Blog URL: https://coil.com/p/Hodor/Financial-Evolution/-OAfQwjl4 Digital assets and blockchain technology represent the most recent evolution in personal finance! Read about 'defi' and other XRP-related headline news in my latest blog: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐍𝐞𝐰𝐬: The US House of Representatives conducts a hearing titled 'Oversight of the Securities and Exchange Commission: Wall Street’s Cop on the Beat.' 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: David Schwartz writes a blog about the benefits and pending improvements for XRP; Ripple's Xpring Initiative invests in the team from Logos; Michelle Bond writes a blog about the impact of regulation on the UK and other jurisdictions; An XRP fan discovers two new banks in recent Ripple marketing collateral; Quidax announces plans for a mobile application and a new business deal with another company; Ripple releases more information about the agenda for the SWELL Conference; The National Bank of Fujairah (NBF) becomes a member of RippleNet; and Xendpay releases information about the benefits from its RippleNet membership and use of Ripple solution(s); 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Ken Melendez starts the Coil Blogging Club for early adopter Coil authors; Equilibrium publishes a guide for how to configure Moneyd; and I share the links to four new Coil authors. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: XRP adoption is being helped by a variety of tchotchke, and one fan has a new idea for guerrilla marketing; Binance.US opens its doors after seven months, offering three XRP markets with BTC, USDT, and USD; 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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Blog URL: https://coil.com/p/Hodor/Big-Numbers-Big-Money/GlUQMw5IS The market for XRP involves numbers that require scientific notation! In today's blog, I talk about the size of XRP's use cases, and discuss all the latest news to impact XRP, including updates to @coil and @cinnamon: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐍𝐞𝐰𝐬: CME is planning on implementing options along with their Bitcoin futures. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: The company's corporate website undergoes a RippleNet-centric makeover, revealing two new customers in the meantime; KPMG chooses to highlight quotes from Marcus Treacher in their latest payments research; Ripple files a motion to dismiss a lawsuit; InstaReM expands into Canada; @hmatejx releases some of his latest research into xRapid volumes; and Nik Bougalis explores whether there's any serious concern posed by quantum computing. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Coil adds a handy search to help users filter through their site's content; Cinnamon adds a feedback feature to its videos; and I share my latest Coil reading list. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: I share my secret techniques for searching through Twitter; and an XRP Community member's artwork is starting to get noticed. 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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https://xrpripplenews.com/2019/09/07/ripple-adds-yet-another-big-hitter-to-ripplenet
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https://xrpripplenews.com/2019/09/05/ripplenet-about-to-be-accessible-to-1-3-billion-people-in-india/
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https://xrpripplenews.com/2019/08/26/ripple-receives-a-rating-in-cryptocurrency-assessment-charts/
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Blog URL: https://coil.com/p/Hodor/XRP-Update-Real-Business-vs-Speculation/SIaCLtS6Q If you follow XRP, you'll want to read about the latest major developments, including the formation of a new nonprofit foundation! 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: CNBC interviews Brad Garlinghouse about Libra and blockchain regulation; The next SWELL conference is starting to become more well-defined; and Boubyan Bank becomes a member of RippleNet; 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Coil pays out its second installment of the Coil Boosting Pilot program; The Puma Browser publishes a new version of its browser for iOS with Coil support; and DWeb publishes a short biography of Stefan Thomas. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Wietse Wind announces the new XRP Community Fund Foundation; Wietse Wind publishes a tool for encoding and decoding the new (optional) X-formatted XRP address; Rome Reginelli proposes the new TOML File specification; @DevNullProd shares its NYC XRP Meetup pics; Bitrue celebrates its one-year anniversary by scheduling an AMA with Curis Wang; Bitrue has decided to run its own XRP Validator; and Coingate offers cash-back for those using XRP for purchases. 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, Ripplenet technology can be used for cross-border payments. For example I can transfer my pounds into Peso using Ripplenet. Briefly use case is I have GBP and my counterparty receives Peso in Mexico. That's ok. Commercial banks have such service which help their customers to quote and buy foreign currencies. Usually it is rather expensive. Why is it so expensive? Is it possible to replace the current banking process with a cheaper solution? I don't mean an alternative solution like Revolut, but inside a bank using Ripplenet. Theoretical question: Is there any solution to buy cheaply Peso in UK using Ripplenet? If not possible then is there any development on XRP ledger which is about to solve this problem? XRP Ledger has On-Ledger Decentralized Exchange feature which might solve this problem, but AFAIK it is not still not used. Thanks, jlr
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Blog URL: https://xrpcommunity.blog/high-octane-developers/ Developers are the fuel to the fire for XRP; Find out more & all the latest news impacting XRP in today's blog: 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple's development blog gets a makeover; Xendpay announces no transfer fees to the Philippines; TCS may have just enabled RippleNet access for a massive number of their customers; Navin Gupta presents to C-level execs at the Mint Digital Innovation Summit; RationalFX re-affirms its partnership with Ripple; and the Interledger Summit wraps up two days of presentations to potential ILP devs. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Stefan Thomas presents at the ILP Summit; and the Puma Browser is released (beta), supporting Coil on iOS devices. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Nik Bougalis publishes a blog detailing the ongoing steps the Ripple C++ team is taking to work with 3rd party devs to review code and security; The Cryptoe Man publishes his latest electronic artwork via Twitter; and both Thomas Silkjær and Tiffany Hayden pen separate blog about scammers and secret keys, respectively. 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 Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
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Blog URL: https://xrpcommunity.blog/proof-of-work-cryptos-will-be-left-behind/ In today's blog I describe the reasons why proof-of-work crypto is headed for a museum, and discuss news affecting XRP! 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple announces twelve new customers, including five new xRapid partners; The Paris Fintech Forum is promoting a panel discussion on January 30th with both Brad Garlinghouse and the former CEO of SWIFT; and SendFriend's CEO, David Lighton, provides insight into their plans for xRapid. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: WietseWind announces the formation of a new company with three founders, including himself, and calls it XRPL Labs; XRPL Labs adds an option to the XRP Tip Bot to enable recurring daily, weekly, or monthly tips; Bithomp publishes a new API to capture and share rich XRP Wallet information for organization wallets; and GB Exchange (GBX) decides to list XRP; 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 Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
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Is there any evidence that FIS (Fidelity National Information Service) has been integrating Ripplenet(XRP) with their Treasury solution? cf)https://www.xrpchat.com/topic/26814-ripple-demo-temenos-t24-to-bluezelle-to-ripplenet-from-15-nov-2016/?page=2&tab=comments#comment-522629
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It's my 100th Hodor Blog! In this latest blog entry, I connect the dots on China, and discuss fascinating wallet stats. Also, Ripple's deal with Cambridge is profiled by the prestigious Nilson Report. Hope you enjoy & please leave any feedback below: Also, please feel free to share my blog with a friend or on any other social media platform - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread- 37 replies
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Santander is set to launch an international money transfer app with Ripple "Bostock name-checked partner Ripple, the fintech company which specialises in cross-border payments through its blockchain-based xCurrent and RippleNet products. He did not give a specific date for launch of the new product." Though it's xCurrent at first, we know how easy it is to switch to an even more cost efficient solution. -
Through this communities due diligence, we've been minority observers of the massive web Ripple and partners have been spinning. We also have, what seems, an ever-growing constellation of interconnected points on a map describing global implementation of a revolutionary upgrade to the worlds economic systems - with much of its specific topography being left behind the foggy veil of non-disclosure. I'm curious how the diverse user base of Ripple aficionados that reside within this community might envision what has been happening, mostly behind the the scenes, being rolled out to the world? Will we wake up one day to a sudden shock as Ripplenet and the whole of their partnerships go live with a unified announcement? ...Or will we continue to see a trickle of partnerships being admitted over a period of time - with Ripplenet slowly gaining traction across the globe? Or something in-between? What's your theory?
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Hi, guys! This is a big step in the future of payments so be the first to know about it and spread the word. I haven't had a reply yet. -
Has there ever been any indication that RippleNet may go public? I read today they are the largest privately held company in Silicon Valley. I would like to own XRP along with Stock in the company.
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https://ripple.com/insights/zoe-cruz-joins-ripples-board-directors/
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Ripple Insights. Mon, 18 Dec 2017 17:31:07 +0000 Krungsri Collaborates with Petrochemical Company to Expedite Cross-border Payments and Retain Customers (Major Thai Banks Use RippleNet to Expedite Cross-border Payments) Continue reading on: https://ripple.com/insights/thailands-fifth-largest-bank-krungsri-collaborates-petrochemical-company-expedite-cross-border-payments-retain-customers/
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Hi all, I have been noticing something the last 2 days. Perhaps someone can explain what I am seeing ? In the attached image, there is a pie-chart from Ripple.com When hovering over it, slices of the pie stick out and show the information per Exchange. You can see that I have opened the Ripple Network slice. Is this RippleNet ? Reason I ask is because over the last 2 days, the volume has risen, and risen and risen. It went from 16 million XRP on monday morning in Asia to 60+ million at the moment. When Asia opened up monday morning, every time the volume went up, the price of XRP went up. In fact, the volume increase as shown on Ripple Network was almost identical to that of XRP on Cryptocompare. 10 million XRP (2 million dollars) on Ripple Network translated to 1 cent higher XRP on monday night in Asia. If this is actually the volume on RippleNet, then XRP does seem to be used by the Banks (or?) that are using RippleNet. Since this is the speculative thread, I speculate that, if this is indeed RippleNet, every 2 million dollars volume on RippleNet equals 1 cent higher XRP. Therefore, when the volume on RippleNet reaches 2 Billion, that amounts to 1,000 cents. But, since Ripple is talking about a multi- Trillion market, let's make that 2 trillion dollars, which would equal 1,000,020 cents, including the 20 (euro)cents it is now trading at. So I speculate XRP will eventually reach 10,000.20 euros = 1.18 * 10,000 dollars (give or take...), thereby matching Bitcoin as it stands today :-) Of course, this all depends on the question if Ripple Network on that pie chart is indeed RippleNet. Anyone any insights into that ? Just speculating, Frans
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The next milestone for the Ripple stack... xVia an API for ANY payment provider to connect to Ripple enabled Banks and FI’s without the need for software to send and receive payments coming in first half of 2018. (H1) https://ripple.com/files/xvia_brochure.pdf
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Huge fan of ripple here, I do not want to be another fan boy who does not see the devil hidden in the details. 1) what is ripplenet and how is it different from XRP as a currency that we all invest against? 2) What is this big shout about XRP not being required to use ripplenet, can banks can simply use ripple net and leave XRP to stagnate as is ?(sorry if I framed this question wrong due to lack of understanding on 1) Can someone tell in understandable format the meaning of this tweet by David (Chief Cryptographer at Ripple): 3) Will there be a case where ripple as a company may go public and do you think it is a wise choice to invest against ripple stock (vs) XRP currency?. 4) As some haters cry giving a benefit of doubt, do you senior members feel Ripple is just using XRP as a form of investment and not serious about growth prospective of XRP as cryptocurrency? 5) Does anyone here feel ripple is controlling the pricing of XRP? David clarifies that this is not the case.
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