Jump to content

Search the Community

Showing results for tags 'settlement'.



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
    • 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

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

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

  1. After the discussion within the thread "The impossibility of liquidity in xrp" went on I was asked the following: In the last several hours I created a document that hopefully gives a clearer overview of the cross-border settlement process with the use of XRP and the corresponding balance sheet operations as I understood it: https://de.scribd.com/document/396839492/Xrp-Balance-Sheet-Operations-v1-0 Please do not hesitate to correct me if I have made false assumptions or if you discover any other critical points as I do neither work at Ripple or at any bank that is implementing or using xRapid. The document merely reflects my current gaps in knowledge. 9th of January, 2019: updated to v1.4
  2. 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.
  3. Today's blog discusses technical analysis' current dominance of crypto markets; but it's also where I make a startling prediction. I predict that fundamental analysis will eventually rule the day in the crypto markets; I talk about which factors that individual investors should consider when evaluating crypto choices, and then point out where XRP stands in the mix. In crypto, it may be buyer beware, but investors have the ability to reduce their risk by conducting a proper analysis of choices. Hope you enjoy the read - please leave any feedback below. Also, feel free to share my blog with a friend or on any other media or 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
  4. How about this chap. I don't know if he also means Ripple, but as his tone is so ridiculously conservative, I tend to think that even banks that doubt crypto will give crypto a try, just to show some balance ?. https://www.coindesk.com/bis-chief-slams-bitcoin-as-ponzi-scheme-and-threat-to-central-banks/ https://cointelegraph.com/news/general-manager-of-bis-wants-to-prevent-crypto-from-joining-main-financial-system
  5. Hi there, as far as I understood IPL, xRapid and XRP: Within the Ripple network xRapid uses ILP in order to transact any kind of chosen asset value pair directly or by bridging them with XRP (or any other bridging value(s) that reduces the transaction costs). For any transaction a small amount of XRP is needed in order to prevent spamming. Additionaly there are at least 20 XRP needed to be hold on the Ripple network account to validate the network account (node). So the XRP accounting is pretty clear: they are part of the Ripple network and the owner of the node they are allocated to, holds them simultaneously. The jurisdictional part here is identical with the accounting. But how about any other value? Let's assume, A wants to exchange USD with EUR, the process should look like this: Transaction 1: A buys any bridging asset value (e.g. XRP) with USD from B. Transaction 2: A sells that bridging asset value for EUR to C. All is documented within the Ripple network (blockchain technology) and the jurisdictional settlement of the XRP from B to C is done within seconds. But I do not understand how the jurisdictional settlement of the USD and EUR is actually really done. Won't A still need at least an external account (on a trading platform, financial institute, whatever) where 1) the USD are transfered from A to B and 2) the EUR are transfered from C to A and therefore would still have the conventionell settlement process? The accounting of USD and EUR (or any other asset value) within the Ripple network does not mean that the actual jurisdictional transfer (ownership) is simultaneously finally settled as the Ripple network itself is not a jurisdictional institution which is liable to pending liabilities. I would appreciate any clarification on this topic. Regards
  6. Too much FUD lately but I came across this YouTube video with some valid points and ideas about Xrps greater use. Basically another way xrp becomes the standard.
  7. I've read elsewhere that RippleNet and ILP allow for faster payments and that XRP allows for faster settlements. I just want to check that my understanding of XRP's role in fast settlements is correct. Say I'm a bank and want to pay $100 to a bank in Japan that only accepts yen. Currently I would use a market maker who handles the currency conversion so I send $100 to the market maker and then the he converts it to yen and sends it to the Japanese bank. The payment is complete and RippleNet/ILP has sped this up, but settlement still has to occur where my $100 to the market maker must settle by traditional (probably?) correspondent banking and the market maker's payment of $100 worth of yen to the Japanese bank must also settle by traditional means. The delays occur from two settlements. If instead I use XRP to pay the market maker, so I pay him $100 worth of XRP and he then pays out yen to the Japanese bank, there is only one "leg" of the settlement that must occur by slower traditional means, the settlement of yen transferring from the market maker to the japanese bank, instead of two. Since XRP is a digital asset and is extremely fast, my payment to the market maker is pretty much settled in real time. Settlement time is expedited by using XRP for one leg of the transaction "journey". Is this the right way to think about it?
  8. I'd like to start a friendly and honest conversation about Zelle and what the implications behind this are for the "promise of distributed ledger (IE, blockchain)". -This will probably require the insight of some people who work in banking that can maybe explain the key components here and what the implications are. -I know Zelle isn't used for overseas payments. I know it's not competing with XRP. -What I want to talk about is what the massive banks seem to be doing to address what customers want. Instant settlement, mobile application, P2P digital transactions, security, etc... (Those of us who are aware of history understand that the status quo only has to improve to "good enough" when competing with new technology) There are massive banks here in the US behind Zelle. What that says to me is that the banks are interested in working only with each other and they're concerned about competition from the likes of Venmo, Applepay, Paypal, etc...It also shows that they're willing to do something it. I believe this has direct implications to the potential future of companies like Ripple and therefore assets like XRP. (Yes, I know, Zelle isn't for cross border settlements. I know about nostro accounts. I'm aware of Forex.) What I'm trying to bring to the discussion is whether or not it is technologically possible for these banks to simply drive over and crush the blockchain world and provide a product that looks and acts like a duck (to quote Brad...) Is it possible that this indicates that there will be little to no room in the banks mind for a third party company to provide distributed ledger technology and quick settlement between banks? They are banks after all and have nearly limitless resources to come up with their own solutions to give just good enough service that the general public will swallow their pill without question. Banks aren't sitting around like idiots waiting for some company to make them obsolete...they're going to compete. Please, feel free to add insight and experience into the equation.
  9. This is a *really* impressive response to the ESMA discussion paper by Lykke, who act as an exchange, app and crypto-asset. Worth reading in full but my personal highlights are below. https://www.lykke.com/city/blog/dtl_securities_markets #awesomesauce
  10. https://www.forbes.com/sites/moiravetter/2017/04/29/female-fintech-founder-on-series-f-and-the-future-of-payments/#31453e0e2d40 https://www.nvoicepay.com/ Now for the details .... here's the diagram from Nvoicepay: My question - I wonder what they use for international vendor settlement? I mean, that's the whole point, right? Seems like a perfect fit for a Ripple-enabled bank to me. They just need a payment connector or something...
  11. https://ripple.com/insights/ripple-and-xrp-can-cut-banks-global-settlement-costs-up-to-60-percent/
  12. "Hyperledger has taken a different approach than many other blockchain systems by removing what they consider unnecessary features and provide just shared replicated ledgers. In their view, this core technology, the distributed ledger, can then be integrated into existing systems to allow banks and financial institutions to settle in real time, mitigating risk and the need for expensive reconciliation without the need for a central party. http://www.ofnumbers.com/wp-content/uploads/2015/04/Permissioned-distributed-ledgers.pdf
  13. Pointed to from Alec Liu, this paper is a fantastic article that points at the massive wave of fintech pushing against banks right now: http://www.oliverwyman.com/content/dam/oliver-wyman/global/en/2016/feb/BlockChain-In-Capital-Markets.pdf
×