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Hello Community! Firstly, let me introduce myself ) My name is Anthony from the Netherlands, 31 years old. I have been on this forum and following Ripple for a couple years now but only today I decided to sign up and start contributing to the community, dropping my two cents where I can. Today I would like to share what I believe is the best value that XRP offers me (and you), as an amateur - but highly dedicated crypto trader. This is my secret of the smith.... I see many of you being disappointed with the price of XRP, namely the lack of ''to the moon'' - what everyone keeps expecting of crypto's.... Actually XRP does something much better.... There is no crypto out there as stable and non-volatile as XRP....We have been hovering around the support level of 0.005 for years now, with an occasional spike... This is actually wonderful! It means XRP is the benchmark crypto for fiat money investment, and the flee to crypto on volatile days when you need to protect your portfolio... Look at the last two days: Most people are jumping on BTC, ETH, DASH and XRM like there is no tomorrow.... now we see BTC drop and all the big names drop with it... minus, minus and more minusses... but guess who is stable, EXACTLY! I sold all my ETH, DASH, XRM and etc in t he last couple of days am now happily speculating on smaller and newer tokens which have amazing swings, and sometimes dramatic drops... but its ok, because i dont operate from the volatile BTC... I operate from XRP to jump in and out of trades..... and I advise you to understand this amazing trait Ripple created for us. little extra, Stellar has the same awesome stability (not unsurprising)... So please dont let you Jed - this and that- emotions block your view... Dont philosophise for hours on end how and what and when XRP will go global... Just understand it is all about money and ROI... no emotions, just trading.... making money money money ))))) Good luck and cheers from the windmill cheese and red light paradise xxx
It seems that each time there is a shift in the Blockchain/Interledger Universe, new members and even some of the veterans lose faith in XRP and start to wonder if we have all made a big mistake by backing XRP. I have seen it time and time again in the Chat Box and in posts. Each time I hear what is perceived as potentially "BAD NEWS", I go back to these 4 examples of why 100 Banks are already using Ripple and why BANKS WILL SEE THAT USING XRP IS A NO BRAINER because NOT USING XRP WILL COST THEM MILLIONS. So, if any of you start to loose faith, go read all 4 of these key REASONS that will reassure anyone that XRP is not going anywhere. It is here to stay and will become “THE MUST-HAVE DIGITAL ASSET!”, per the quote from our own Chris Larsen! 4 REASONS NOT TO GIVE UP ON XRP #1 - "XRP AS A BACKSTOP" – REDUCES COST OF NOSTRO ACCOUNTS BY 60% "The banks can use its digital currency, which can be acquired instantly, to expedite settlement liquidity. (It’s important to note that Ripple’s digital payment network, unlike bitcoin, does not only transmit its native digital currency, but can also be used to move traditional fiat currencies back and forth.)" “It’s not on a transaction by transaction basis—instead, it involves using XRP as backstop if there’s a shortage in a day,” says Nilesh Dusane, Ripple’s head of Global Sales. He adds that the availability of XRP as a backstop means banks need to tie up less capital for settlement purposes, and can instead deploy it for other purposes. Dusane tells Fortune it will also reduce the cost of using and maintaining nostro accounts by 60%. http://fortune.com/2016/10/20/ripple-r3/ ---------------------------------------------------------------- #2 – ROI IF BANKS USE XRP? 11 MONTH PAYBACK PERIOD "......A respondent bank that processes $12 billion in international transactions a year (over 5 corridors with an average transaction size of $6,30019) can assume a conservative, estimated $10 million one-time cost of deploying Ripple and a payback period of just over 11 months. Read Whitepaper - Page #8 https://ripple.com/files/xrp_cost_model_paper.pdf ** WHY WOULD BANKS USE XRP? $10 MILLION IN SAVINGS ANNUALLY USING XRP(Minimum) As such, if BANKS can recoup $10 Million each year with Ripple + XRP, then, the math is easy. Implementing Ripple + XRP reduces bank costs(with $12 Billion in annual transactions) by $10 Million annually at a minimum based on no longer needing nostro accounts. Not a bad sales pitch to start with..... much faster/safer settlement and cuts costs $10,000,000 EVERY YEAR.There are many other benefits and cost saving measures(see link above)......but this is a good one to lead off with! No wonder the banks are getting on board! ---------------------------------------------------------------- #3 – PER THE SAVINGS FOUND IN SECTION #2, CHRIS LARSEN’S QUOTE MAKES SENSE “XRP IS EMERGING AS THE MUST-HAVE DIGITAL ASSET” "....Ripple remains the only company that’s captured my attention and commitment – I’m not going anywhere or starting anything else. You should only change captains when seas are calm and things are going well. And things are indeed going well at Ripple! We’re leading the market in ‘blockchain’ cross-border payments, ILP is on its way to becoming the standard for ledger interoperability, and XRP is emerging as the must-have digital asset for institutional transactions. And as a company, we’ve never been stronger in terms of capital, talent and leadership. I’m more excited about Ripple than I’ve ever been about anything else in fintech. And, I’m more excited now about Ripple’s opportunity than ever before." https://ripple.com/insights/new-chapter-ripple/ ---------------------------------------------------------------- #4 – THE TIME IN NOW FOR RIPPLE AND XRP! Ripple is currently working with 100 Banks. 30 Banks are currently "MOVING REAL MONEY" via Ripple. 10 Banks are creating services around RIPPLE for their clients. These Banking Leaders believe......the TIME IS NOW FOR RIPPLE! The Deloitte Partner initially misinterprets the question and thought the question was about how many years until FULL IMPLEMENTATION of the Blockchain by the Banking System. The Ripple Rep and the Temenos Rep jump in and say, THE TIME IS NOW! Later in the 6 minute Video the Deloitte Partner clarifies his position and says, Yes, the time is now for Ripple......especially if the Central Banks LEAD THE WAY and start using Ripple and other Blockchain technologies! Not 10 years or 5 to 7 years.....but now! INDUSTRY LEADERS IN VIDEO • Patrick Stutvoet – Head of Transactions , ABN AMRO • Danny Aranda, Head of Channels, Ripple • Patrick Laurent – Partner, Deloitte • Jordan Brandt – CEO, Inpher • Darryl Proctor, Product Director - Transaction Banking and Payments, Temenos