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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/

Hello fellow xrp fanatics, I'm a new user on the forum, but have been following your posts for some time. Lately I've been especially looking for more information with regards to the Japanese banks and the control/stability theories. I have read that there is a summer launch coming (http://www.sbigroup.co.jp/english/investors/disclosure/presentation/pdf/170428presentations.pdf p.90). What does this launch exactly mean do you think? Fully use of XRP in Japan? I've heard rumours that it's going public end of this week, but no mention anywhere just whispers.. From my perspective, the success of XRP is heavily linked to what the Asian countries will do (Japan especially).The fact that XRP price is being kept directly/indirectly low could mean that banks and other financial institutes are buying up the XRP and preparing for the BOOM of XRP. I also believe that the price will stay around these levels until the end of August, max drop to 0,12. Unless Japan comes with BIG news. Would appreciate if you guys share your thoughts Thanks! Moriarty

Blog URL: https://coil.com/p/Hodor/Limitless-The-Potential-of-XRP-The-Internet-of-Value/ajJWzh4MQ The Internet of Value is 𝙖𝙡𝙢𝙤𝙨𝙩 here! Find out about XRP's role & learn about the latest news impacting XRP, all in today's blog: 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: DBS Bank provides its perspective that Ripple is better than SWIFT; Brad Garlinghouse goes on the offensive against FUD; David Schwartz recognizes the contributions of XRP Forensics; and Ryan Gaylor will attend FiNext USA to talk about 'The Future of Payments;' 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Riley Q reveals her secrets to effective Coil posting; I share my latest Coil recommendation. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Wietse Wind upgrades The Ledger Exposed website with new features & makes a special announcement; Yoshitaka Kitao tweets about an article authored by a Japanese XRP Community Member; XRP The Standard Productions produces and releases a new video; An XRP Community Member creates a head-turning GIF demonstrating XRP; Swissquote extends their 'Robo Advisor' capability to crypto, including XRP; and SBI announces a new XRP promotion for existing customers. 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

Blog URL: https://coil.com/p/Hodor/You-Are-Not-Mistaken/j65U-s5O0 XRP fans appreciate hard facts and real business progress! I describe why 𝗫𝗥𝗣 𝗶𝘀 𝘁𝗵𝗲𝗶𝗿 𝗽𝗿𝗲𝗳𝗲𝗿𝗿𝗲𝗱 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗮𝘀𝘀𝗲𝘁 and address important news impacting XRP in today's blog: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐍𝐞𝐰𝐬: Elliptic, a business specializing in AML compliance, receives a massive infusion of capital from SBI in exchange for services, equity & a board seat. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple is sending three representatives to the OECD's two-day conference in mid-September; Kotak Mahindra shares its perspective on Ripple technology in a recent video; Henrique Teixeira, Ripple's Director of Strategic Relationships in the Americas, is scheduled to participate at Cl@b2019; Identitii files a U.S. patent that includes multiple references to Ripple and XRP; Four more banks sign onto Money Tap, SBI's domestic payments platform; Ripple hires Ron Hammond as their Manager of Government Relations; and Equilibrium publishes a new guide for configuring two Interledger Connectors; 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: The W3C's Ian Jacobs publishes an interview with Stefan Thomas; Stefan Thomas and Adrian Hope-Bailie will be attending TPAC2019, the W3C's annual meeting; and I highlight seven content creators on Coil; 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: The Japanese XRP Meetup organizers publish more information; King Blue's fundraising for St Jude using the XRP Tip Bot now exceeds 100,000 XRP; Jonny Lawrence publishes a new GIF, following the one that went viral days ago; and JannaOneTrick publishes a regulatory fan video; 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

Blog URL: https://coil.com/p/Hodor/Your-XRP-Limited-Supply-Cryptographically-Secure-Censorship-Resistant-Future-Proof-Immortal-/MjbN8ZXrT Digital assets like XRP will still be around long after we're gone! Discover why, and read about all of the latest important news impacting XRP in today's blog: 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: PNC, the 8ᵗʰ-largest US bank, implements xCurrent; Euro Exim Bank receives industry recognition; The IAMTN interviews Jeremy Light, Ripple's VP of Strategic Accounts; SBI VC launches a promotion that involves a small award of XRP to eligible SBI shareholders; and a fan video is released with bank-related quotes from Brad Garlinghouse; 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Coil continues to attract increasing numbers of content creators to their official blogging site; and I share my latest Coil author recommendations. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: XRP Fans are intensifying their efforts at promoting XRP; an XRP fan analyzes a wide variety of project implementation timelines and publishes his findings on Reddit; and OK Swap, a new exchange, lists 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 Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

Blog URL: https://coil.com/p/Hodor/XRP-News-Digital-Asset-s-Inflection-Point/r6VFanS8k XRP is firmly in the spotlight: Learn about the latest high-profile news impacting XRP in today's blog! 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Brad Garlinghouse and Chris Larsen publish a Letter to Congress; Monica Long talks to Bloomberg; Ryan Zagone is appointed to the New York State Digital Currency Taskforce; SBI VC Pro goes live; UBRI gives to Kyoto University & the University of Tokyo 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Coil publishes plans for a 'Coil instance' of Discourse, a forum management tool. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: XRP Productions publishes a new video 'Classic Schwartz, Episode I'; Leonidas Hadjiloizou publishes the results of his demographic survey; An XRP Meetup happens in South Africa; Exonium goes live with an XRP-USDT listing; and Allbit, a decentralized exchange, adds an XRP pairing. 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

Blog URL: https://xrpcommunity.blog/xrp-news-update-regulation-on-page-one/ Part of crypto going 'mainstream' is regulatory compliance! I cover this and the latest news impacting XRP in my latest blog: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐍𝐞𝐰𝐬: The 'Financial Action Task Force' issues guidance for exchanges. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple is expanding into Brazil; Crypto Eri analyzes potential new xRapid corridors; Corporate Counsel interviews Ripple's Stuart Alderoty; and The Investment Association of China (IAC) appoints Yoshitaka Kitao as an advisor; 𝐊𝐚𝐯𝐚 𝐍𝐞𝐰𝐬: Kava announces they've upgraded Switch to support trading of Ethereum ERC-20 tokens. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Andre Ventura creates a new XRP fan video; Updates have been published about the Gatehub-related XRP theft; XRP Arcade is updated with information on meetups and a new tool for monetizing surveys; Crypto.com adds an option for earning interest on deposits; and Beaxy debuts with an XRP pairing; 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

Blog URL: https://xrpcommunity.blog/clearing-the-path-strong-sponsoring-organizations/ XRP is benefiting from strong sponsoring organizations! Find out more and get all the latest XRP news in today's blog. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple teams up with Alipay and Amazon on the CSBS Fintech Industry Advisory Panel; The Traders Network Show releases a video of an EU Parliamentary hearing with testimony provided by Dan Morgan, Ripple's Head of Regulatory Relations in Europe; An XRP fan thinks he's found a way to accurately track xRapid volume; 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: A new site called "Cinnamon" reveals its plans to create a video streaming service that is completely monetized via Coil. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: A new amendment championed by Nik Bougalis is debated by community stakeholders; Ripple adds a helpful section for those directly handling custody of their own XRP, instructing them on how to practice signing transactions using the testnet; The XRPL Labs team hosts its first official AMA (Ask Me Anything) event and publishes the video on Periscope; SBI's CEO Re-affirms Commitment to XRP; Instamatch Global hints at the future direction of its CordApp with a description including XRP and the Corda Settler; KingBlue is asking for community help in winning an Uphold membership drive contest that could result in thousands of dollars for St Jude; and Thomas Silkjær updates his XRP Ledger graph database for XRP community data researchers. 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

https://xrpworld.com/sbi-holdings-ready-to-launch-vctrade-fully-but-what-does-it-mean-for-xrp-investors/

Blog URL: https://xrpcommunity.blog/stealth-to-health-crypto-in-2019/ Is the Cryptomarket finally awakening? I analyze this question & cover all the latest news impacting XRP in today's blog! 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: The latest escrow is released to Ripple; SBI notifies customers that they can withdraw crypto; Ripple's Xpring invests in two projects: Raised in Space Enterprises (RISE) and Dharma; and Remessa Online indicates that they plan to use xRapid. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: A new change to an XRP Validator configuration file is proposed; XRP handily wins a poll sponsored by Bitwala to determine their next supported crypto; and Forbes includes a mention of Wietse Wind and Thomas Silkjær in a piece about Google and blockchain data analysis; 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

Blog URL: https://xrpcommunity.blog/paper-tigers-and-real-bears/ In today's blog, I separate the paper tigers from the real bears, and go in-depth on the latest crypto market downturn, along with some of its causes and effects. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: SBI and R3 form a joint company starting in January; PC Mag interviews Asheesh Birla; and Brad Garlinghouse provides his perspective on Ethereum project contractions. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: David Schwartz describes how ILP has joined all new Cosmos blockchains, along with Ethereum. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: I describe possible technical improvements for an "XRP 2.0"; The XRP Community API is upgraded to provide real-time API data from 27 exchanges; and a new fan video summarizes the IMF's positive position on digital assets using a comedic technique. 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

Previous Work: https://www.xrpchat.com/topic/7598-ripplegates-foundationindia/?tab=comments#comment-99889 https://www.xrpchat.com/topic/9189-ripple-india/ https://www.xrpchat.com/topic/9760-ripple-singapore-bahrain-the-uae/?tab=comments#comment-97143 ***THIS IS ALL SPECULATION*** The Korean Government Similar to other Asian Pacific countries, South Korea is being proactive on adopting financial technology. As a society, Korea is trending towards being cashless with credit and bank cards becoming the primary means of conducting trade. http://www.koreatimes.co.kr/www/news/biz/2016/03/488_199146.html Koreans themselves have begun to accept the notion of carrying less cash. https://www.electronicproducts.com/Mobile/Devices/South_Korea_plans_to_become_a_cashless_society_by_2020.aspx And the Central Bank of Korea has also set a deadline in which they want to demonetize trade transactions by 2020. http://www.livebitcoinnews.com/south-koreas-cashless-push-will-see-coins-removed-circulation-2020/ Ultimately the removal of coins will cause a disruption on retail prices for goods and services within the country. The Central Bank of South Korea is facilitating these changes by instructing consumers to deposit loose change onto the national T-Money cards. The T-Money card can be used for all forms of transportation including taxi rides, and in several thousand convenience stores in the country, as a payment option. And in an added effort, "loose change" in trade transactions will be able to automatically be deposited into the individual's bank account. https://www.electronicproducts.com/Mobile/Devices/South_Korea_plans_to_become_a_cashless_society_by_2020.aspx http://www.livebitcoinnews.com/south-koreas-cashless-push-will-see-coins-removed-circulation-2020/ http://www.koreatimes.co.kr/www/news/biz/2016/03/488_199146.html To take even further, the South Korea’s Financial Services Commission (KFSC) publicly announced it's objective to have a national digital currency using blockchain technology by 2020. https://bravenewcoin.com/news/south-korea-plans-national-digital-currency-using-a-blockchain/ Within the announcement, a consortium dealing blockchain technology was said to be forming by FI's to jointly research and run pilots projects. https://bravenewcoin.com/news/south-korea-plans-national-digital-currency-using-a-blockchain/ https://www.cryptocoinsnews.com/south-korea-announces-digital-currency-system-expansion-boost-fintech/ http://www.businesskorea.co.kr/english/news/money/16703-blackchain-movement-blockchain-consortium-launched-south-korea While at the same time, the Bank of Korea released a report on FinTech Companies shaping the financial industry stating that, https://www.cryptocoinsnews.com/bank-korea-fintech-companies-will-reshape-financial-industry/ Shortly after, the Korean consortium publicly announced it's formation stating that 21 financial investment companies and five blockchain technology firms had signed a memorandum-of-understanding (MoU) to develop distributed ledger solutions in blockchain solutions. With a given road-map of the consortium's motives, https://www.cryptocoinsnews.com/south-korea-sees-first-blockchain-consortium/ Ultimately the action being taken within South Korea was mirroring the movements being undergone by their neighbors across the sea in Japan. With Ripple partners coming into play...... Initially details on the consortium weren't disclosed but shortly after the announcement of it's formation, a partnership involving the KFSC was reached. The Monetary Authority of Singapore (MAS) agreed on cooperation over exploring joint innovation projects with a focus on big data and mobile payments in FinTech. http://www.mas.gov.sg/News-and-Publications/Media-Releases/2016/Singapore-and-South-Korea-sign-cooperation-agreement-in-FinTech.aspx https://www.cryptocoinsnews.com/singapore-south-korea-come-together-fintech/ On top of a collaboration with MAS, the government of South Korea was in talks with Indonesian government about joining forces in an attempt to boost the FinTech industry to help the burgeoning sector in both countries. https://www.cryptocoinsnews.com/south-korea-indonesia-considering-fintech-collaboration/ For those that are unaware, Ripple has previously met with the Central Bank of Indonesia. Months later, the Korean Central Bank announced plans to execute a R3 consortium proof-of-concept blockchain technology project. https://www.cryptocoinsnews.com/korean-central-bank-deploy-r3s-blockchain-proof-concept/ http://ftreporter.com/korean-central-bank-to-use-r3-blockchain-proof-of-concept/ https://www.econotimes.com/Exclusive-Bank-of-Korea-R3-consortium-to-carry-out-blockchain-project-549053 So to reiterate, the Korean government came into agreement with MAS on cooperating in the FinTech space and shortly after the Korean Central Bank decided to proceed with a PoC consortium by R3 similar to Project Ubin in Singapore...... Along with the previous development, Hana Financial Group became the first Korean financial institution to take part in the R3 CEV project. http://pulsenews.co.kr/view.php?sc=30800020&year=2016&no=281535 Remember that MAS wants to expand it's network to other central bank for cross-border transactions using a Ripple blockchain prototype......... SBI Ripple Asia Just this past September, SBI Ripple Asia announced that it would be testing a blockchain based funds transfer system by the end of this year between Japanese and South Korean banks. SBI Ripple and it's new public partner, DAYLI Intelligence, will work together to http://blocktribune.com/sbi-ripple-asia-trial-cross-border-blockchain-funds-transfers/ https://www.coindesk.com/sbi-ripple-asia-to-test-bank-transfers-between-japan-and-south-korea/ And besides cooperating in this venture with SBI Ripple Asia, DAYLI Intelligence is involved in another interesting project. http://pulsenews.co.kr/view.php?year=2017&no=551655 All three parties are in cooperation developing the "WeBee" coin with the intention of the digital coin operating on a blockchain. (what will be used for trade remittances?......) http://pulsenews.co.kr/view.php?year=2017&no=551655 https://financefeeds.com/south-korean-woori-bank-develop-digital-coins/ Finally, SBI Ripple Asia is involved with another Korean company called Coinplug. https://www.coindesk.com/sbi-reveals-joint-blockchain-remittance-venture-south-korean-startup/ With the venture expected to launch its remittance service later this year...... And just like DAYLI Intelligence, Coinplug has involved itself in another interesting project. Coinplug with KB Kookmin are going to provide cross-border foreign exchange services that utilize blockchain technology. http://themerkle.com/south-koreas-bank-developing-blockchain-exchange/ https://www.coindesk.com/korean-bank-developing-blockchain-solution-foreign-exchange/ And KB Kookim are also releasing a blockchain based mobile payment service for KB Kookim Card..... http://pulsenews.co.kr/view.php?no=741187&year=2016 Kakao Unlike most attempts to tie links with Ripple by addressing potential connections to Alibaba (which I think is a thing), my focus is solely on KakaoPay/KakaoTalk. KakaoTalk is a mobile messenger while KakaoPay is a mobile payment system built on top of KakaoTalk. The development of KakaoPay was thru Kakao and LG CNS https://www.lgcns.com/Views/Solution/KakaoPay_En Kakao had also partnered with the KFTC in the past for integrating a mobile payment platform to the Korean financial system. https://techcrunch.com/2014/11/12/korean-internet-giant-daum-kakao-launches-its-own-mobile-payment-platform/ Remember that. LG CNS themselves have been adopting blockchain technology to improve their services, most notably with R3. https://www.coindesk.com/electronics-giant-lg-testing-r3s-distributed-ledger-software/ https://www.cryptocoinsnews.com/lg-launches-corda-based-blockchain-platform-south-korea/ And there is another connection. http://www.techforkorea.com/2017/03/14/kakaopay-launches-new-service-transfer-to-bank/ What will be used to settle remittances between a Hana Money and KakaoMoney exchange?......... The same Hana Financial that had entered R3's CEV project mentioned earlier. And with the the government of Korea driving blockchain adoption on the Korean banks, there has been some interesting developments. With, http://mengnews.joins.com/view.aspx?aId=3037416 http://www.theasianbanker.com/press-releases/korean-banks-turn-to-blockchain-to-streamline-service The winner was supposedly chosen last month, with the system built being ready for use by banks in April..... (all while SBI Ripple Asia/R3 in Korea are becoming increasingly active) To come into to full circle, LG CNS has ~32% ownership with Seoul Metropolitan City Government (~35%) on Korea Smart Card Co. What is special about Korea Smart Card Co.? The T-Money system was implemented and is operated by Korea Smart Card..... https://en.wikipedia.org/wiki/T-money The same T-Money mentioned earlier in the post that will be used to transmit loose change from trade transactions to the individual's bank account. In a financial environment that will be riddled with many different types of digital currencies, what method will be used to settle remittances?..... I mention Seoul Metroplitan City Government because of one partner ship it is in. https://www.crowdfundinsider.com/2017/09/121430-singapore-korea-fintech-collaboration-marvelstone-group-seoul-metropolitan-sign-mou/ A group that has the support of none other than MAS.... http://www.mas.gov.sg/News-and-Publications/Speeches-and-Monetary-Policy-Statements/Speeches/2016/Speech-at-the-Launch-of-Lattice80.aspx So why do I persist on these R3 connections? It's simple. SBI Group became the largest shareholder of R3 over the summer while we know SBI's intentions with XRP. In an interview with Kitao, he stated that https://ripple.com/insights/sbi-holdings-views-on-blockchain-and-xrp-an-interview-with-yoshitaka-kitao/ So how does the R3 and Ripple relationship work? Last month Data Dimension had a presentation a slide that is rather revealing on the partnership. https://www.brighttalk.com/webcast/15381/262389?utm_campaign=knowledge-feed&utm_source=brighttalk-portal&utm_medium=web Both work in unison with Corda being applied for smart contracts while Ripple is meant for the payments segment which might explain why R3 wanted that XRP so bad............ Edit: UPDATE: 12-5-2018 https://www.coindesk.com/r3s-new-corda-app-supports-payments-in-xrp-cryptocurrency

This is quite interesting, especially the bold part (machine translated): https://jp.cointelegraph.com/news/sbi-kitao-ceo-reveals-the-plan-for-lauching-sbi-r3-asia/ SBI Ripple Following Asia SBI-R3 Motivation for the creation of Asia, President Kitao mentioned at earnings briefing Yoshitaka Kitao, president and CEO of SBI Holdings, mentioned the plan for the creation of SBI-R3 Asia on the account settlement meeting on 30th October, the second quarter of 2019 (April - September 2018) . President Kitao who worked to resolve the case problem of ripple and block chain development company R 3 company said that he would like to make R 3 company to create a project to use virtual currency XRP. Regarding the virtual currency trading business, he said that he will take in young users by using T points. Ripple to R3 and R3 settlement to establish SBI-R3 Asia On April 4, SBI Ripple Asia's secretariat, "Internal and external exchange consortium" released a money handling application "money tap" for smartphone that utilized Ripple's Distributed Ledger Technology (DLT) "xCurrent" . The future is in the phase of expanding participation lines. SBI, which holds about 10% of the shares of Ripple, emphasized that "ripple's DLT or XRP will be used to streamline international remittance" as implemented by Ripple's technology in money taps. President Kitao also mentioned the settlement of Ripple with the R3 company that develops block chains. SBI is the outside largest shareholder of R3, and as soon as it reveals that the top of both companies has pressed for a litigation problem closely . In the earnings briefing session, he said that discussions have started for the creation of SBI-R3 Asia. "You will have to make such a project that will make R3 use XRP in earnest.When the two companies hold their hands it will be possible to cover almost all fields.In addition to international remittances, XRP There is the possibility that it will be widely used.We are discussing with SBI R3 in order to create SBI-R3 Asia similar to SBI Ripple Asia. " Promotion of virtual currency trading of young people at T point, competition is Rakuten SBI SECURITIES established a joint venture company "SBI NeoMobile Securities" on 30th, signing a capital and business alliance with CCC Marketing of the C - Ture Convenience Club (CCC) group with 67.88 million active members . Provide financial services with smartphone as the main channel. We plan to realize T points according to transactions and purchase financial products by points, and we will introduce T point programs in various businesses that SBI develops, such as banks, securities, remittances. About the virtual currency exchange "VCTRADE" operated by SBI virtual currency seeds President Kitao "I want to take in the young generation thoroughly, of course I am planning to do it even in the virtual currency so that virtual currency can be bought at points Let's do it. " Also, "I want to build an SBI-T point economic zone that goes beyond the Rakuten economic zone," there was a comment reminiscent of Rakuten announcing entry into the virtual currency trading business on August 31. SBI Neo Mobile Securities will start business next spring.

The journey may have been a thousand miles, but the destination is now clear for XRP. Lots Happening! As executives from Ripple continue to prompt governments - both in the US and in Japan - for regulatory clarity, they have not stopped expanding the RippleNet network or its list of clients. Chris Larsen announces that Ripple has signed over 100 clients to production contracts, and Ryan Zagone, Brad Garlinghouse, and Cory Johnson all make high-profile public appearances, emphasizing similar points in unison. ACI Worldwide, the US-based payments giant, mentions Ripple technology in a recent interview, and the Japanese Banking Consortium readies MoneyTap for initial release. Ripple also settles its lawsuit with R3 and provides further updates to the upcoming SWELL Conference, which is now only two weeks away! And in Coil news, an independent developer releases a step-by-step guide for how Wix website owners can sign up for web monetization. Winding things up, WietseWind reveals plans to help people monetize their own extra, home-generated electricity, and a new Python library to access the XRP Library is released by a community developer. Hope you enjoy the read & please leave any feedback below. 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

Ripple XRP: Forced Perspective. Why the sky is falling

How can XRP crypto investors help mainstream financial markets - and those others already in crypto - move past current limitations into the future? I give my take on this topic in today's blog, and spend some time covering the biggest XRP news items as well. This includes news from some of the biggest companies that build on XRP, including Ripple, Coil, and SBI, as well as two XRP Community members. I guarantee that the average crypto investor - and even those that follow XRP - have had a hard time keeping up with all the latest information; there's a lot to cover, but I did my best to touch on the most impactful items. Hope you enjoy today's latest edition. Please feel free to share my blog with a friend - or on any other platform or social 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

https://globalcoinreport.com/ripple-xrp-freeing-arm-from-bitcoin-btc-successfully/

Set sail with XRP in my latest blog! I cover the big news - and there is a lot of it: the Q2 XRP Markets Report, Bitrue, Wirex, Uphold, Blocktrade and SBI Virtual Currencies start things off. Note that the Q&A with Bitrue is an exclusive just for the XRP Community. Of course, I also include the latest developments by XRP Community developers; this includes updates about two wallets that you may not know about. I hope you enjoy today's lengthier update! Please leave any feedback below. 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

There's a LOT going on in crypto as we speak, and the two Congressional hearings were just a sample. I analyze the testimony provided to Congress in both of those important hearings. In addition, SBI Virtual Currencies has gone live now for all Japanese users, marking an important milestone. SBI VC will have an enormous impact on sustained volume levels for XRP. Two recent conferences featured Ripple representatives, and Ripple has begun organizing for the next SWELL Conference! Last but not least, I make the case that the XRP Community should make more than a token effort to visibly and materially support businesses that in turn support XRP. While large Silicon Valley players address the high-profile use cases for XRP, the XRP Community can make significant inroads supporting retail businesses. I hope you enjoy this latest blog. Feel free to share my blog with a friend or on any other platform or 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

https://www.coindesk.com/gmos-new-internet-bank-will-settle-payments-with-blockchain/ Japanese digital services firm GMO Internet has just launched a new web bank that it says will soon use blockchain to facilitate payments. The firm said in a company notice that it had teamed up with Aozora Bank Group on the joint enterprise and that the two firms had been preparing for the launch of the "next-generation" bank since mid-2016. Azora is part of the SBI consortium.

https://www.sbigroup.co.jp/english/news/pdf/2018/0709_a_en.pdf https://sbibankllc.ru/ MOSCOW, September 18, 2017 /PRNewswire/ -- https://www.prnewswire.com/news-releases/simplefinance-attracts-investment-from-sbi-fintech-business-innovation-fund-645283873.html

Hello, The official date when the XRP was launched with SBI was 04 July 2018, but when will be the date when the XRP will be used by SBI? ?

Cheers!

As you all might know that Yoshitaka Kitao, CEO of Tokyo based SBI Holdings, expects XRP price to reach $10 end of year. Yoshitaka Kitao is a serious businessman with huge influence on financial environment. What do you think how he made his prediction? How accurate can his prediction be? I have a gut feeling it is not only a guesstimate, but it made based on scientific estimation. Many of you are more optimistic about pricing XRP, but considering Mr. Kitao professional experience his prediction might be the closest to the real. So realistically the best prediction would be $10 EOY price. What do you think? Again the main question is not about the speculation (that's why I chose 'General Discussion' ) but the method/background information from he made his prediction.

This looks like good news for moving the SBI/Ripple partnership forward, a regulated exchange https://cointelegraph.com/news/japanese-finance-giant-sbi-invests-in-regulated-ico-platform-templum Japanese Finance Giant SBI Invests In Regulated ICO Platform Templum "Japanese financial services giant SBI Holdings has invested in fintech company Templum, which focuses on offering regulated securities token offerings, according to a press release published yesterday, April 25." "SBI Holding’s investment concluded a $10 mln fundraising round, which Templum reportedly will use to bring in institutional and accredited investors. SBI Holding did not disclose the exact amount they invested." "Templum’s website describes the company as providing “regulatory compliant solutions for Tokenized Asset Offerings (Initial Coin Offerings as securities) and subsequent secondary trading.” "The Japanese finance company is currently leading a 61-bank consortium working on a domestic payments mobile app using Ripple’s technology." (bold is mine)