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  1. Some good news... https://finance.yahoo.com/news/moneygrams-deal-south-korea-sentbe-140334241.html Tanzeel Akhtar Benzinga July 19, 2019 "MoneyGram (NASDAQ: MGI) shares are trading higher after the company said it signed a partnership with Sentbe." "Sentbe is a money transfer startup in South Korea. The partnership will make it the first MoneyGram virtual agent in the region."
  2. 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
  3. https://dailyhodl.com/2018/07/05/breakthrough-south-korea-will-officially-legalize-cryptocurrency-and-blockchain-based-industries/
  4. Can the crypto markets safely put regulations in the rear-view mirror in 2018. Short answer: Yes. You'll have to read my blog to discover why I'm so confident that regulation will not impact crypto or XRP in 2018. Hope you enjoy - please leave any feedback below. Feel free to share my blog with a friend or on any other media - 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
  5. Lately, regulation of crypto has taken center stage. In this blog entry, I talk about government attempts to reign in the more chaotic parts of crypto without killing the golden goose. I cover the latest information out of India, South Korea, and from the US Senate hearing on Tuesday. Hope you enjoy & please leave any feedback below. Please feel free to share my blog with a friend or on other media - & thanks 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
  6. How Bad Could the South Korean Ban Be for Ripple? Ripple investors are facing a “hamster in a wheel” situation. Every morning, they wake up to recovering prices, only to watch them crater later in the day. The same process has repeated for days at a stretch. The XRP price seems to be going in circles. It’s going nowhere and investors are getting restless now. I read comments from impatient Ripple investors saying they are placing limit orders and will be getting out of XRP at the next best available opportunity. Read Here... https://goo.gl/9fEtZN
  7. It has been hardly two weeks since the news of a probable ban by South Korea on its crypto exchanges had rattled the markets. Today is another such day. As far as one can see on screen, cryptocurrencies are drowning in red. Although it was not entirely unknown this time, South Korea has clearly sent the message that anonymous cryptotrading must stop. And cryptos are being hit because anonymity is one of the major draws to the cryptoworld. Read Here... https://goo.gl/DRJfA4
  8. Recent dip in the xrp price (although maintaining a certain level : 1.3$ ->1.16$) is caused by FUD news that South Korea might ban crypto- exchanges. It caused overall FUD and panic sell in the country and other international markets which I believe was influenced up to a certain point. The truth about the news is as follows. First of all, cryptoboom caused a lot of scam cases in the country. Numerous fake exchanges came out and lots of ponzi scheme were portrayed recently. So the government came to a conclusion that restrictions are indeed inevitable if this crazy situation aggravates to an uncontrollable point. Right after the report, rumors that Korea might ban all crypto exchanges had spread causing tremendous dip in the price. Although this might be just a happening I want to emphasize why it is crucial for Ripple to announce major household names. People as well as the government were starting to look at the crypto market with skepticism for there are no actual use cases in most of the crypto currencies. Even if there are, the partnerships weren't highly profiled in countries like Korea. Bitcoin, as some pundits insist, may be a store of value but people want fiat over bitcoin for bitcoin, strictly saying, is useless without any ability to handle large transactions. Governments may speed up to escalate total restriction to minimize the repurcussion of possible crypto bubble. If real used cases with household names come out, governments all across the world would definitely realize the importance of embracing crypto exchanges under legal platform.
  9. In my latest blog, I discuss the incredible impact that SBI is about to play in XRP's role in Asian commerce, along with SBI's aggressive, recently-announced plans for vertical integration of crypto. All this coincidentally on the heels of Ripple's latest SBI announcement yesterday! Hope you enjoy. Please leave any feedback below, and thank you for sharing on other media, or with a friend! My blog announcements on other media: 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
  10. With the latest news from Ripple about trials between South Korea and Japan, the last four months of accomplishments, and recent hints about new xRapid partnerships, momentum is now firmly behind XRP. What does this mean, and what can we expect in the near future? I discuss rumors, hints, and how all of it might impact the future of XRP. Oh, and yes, I talk about the price increase! Hope you enjoy the read! Please leave any feedback below & thanks for sharing with a friend or on other media. My blog announcement on other media: 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
  11. I had a recent trip to Seoul (in South Korea) to meet up with a local friend there. I know that XRP is widely traded there but what I didn't expect was the high level number of people having XRPs. So my local friend brought me to restaurant serving really good "kimchi jigae" tuck in the local neighborhood corner. After having one of the best Korean cuisine for a long while, I offered to pay for such a good meal..using my Visa?, no of course not, let's try paying with some digital asset. . We considered using BTC, but the transaction fee alone may end up costing more than the meal! So we decided to use XRP, since many Koreans knows it and accepts it. I'll pay at the prevailing XRP exchange rate..... I challenged him to test the speed of the XRP transfer vs his Korean bank card Visa Pay Wave. So, I told him this, "Let's get all our wallet address ready, when you touch your Visa card on the terminal, I'll press send XRP to you!". On a count of 3,2,1, he touched his Visa and I press on Send. Visa's payment went through within a few seconds with a beep....and just right after it, my XRPs appeared in his wallet , Magic ......WOW!! XRP was that fast and super reliable...and guess what, the transaction fee was so negligible that even my Visa exchange rates couldn't match! No forex fee to lose on, extra bank charges and etc etc. Speed and cost..XRP wins hand down. We were like kids playing with our new found toy. The lady at the counter smiled at us and I told my friend to translate it to her in Korean "Why aren't you accepting my XRPs for your good food yet?" ...Her reply was just priceless .." I'm just waiting for that XRP payment terminal!!" I head to the airport, excited to share this experience...Sometimes, it pays to visit and understand what's happening on the ground in other parts of the world. XRP is ripe for P2P transactions, whether the banks wants to use it or not (oh..they do want it soon!!) We are the XRP community, not just keyboard warriors. And by the way, if I had use BTC payment, it would be one damn expensive meal and my friend won't get anything not until after I touchdown in another country..because its really slow! Share it with your friends! Create your own local story and tell us, fascinate us on how creatively you can use your XRP. On to my next country...China
  12. In my latest blog, I cover the Seoul and Tokyo meetups, and cover some surprising and enlightening points that came out of the Q&A session. If you haven't watched the videos and want an abridged version, you'll need to read my blog! Hope you enjoy - please leave any feedback below. Please feel free to share my blog with others and on any other platform & thanks for doing so! My blog announcements on other media: 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
  13. Ripple is focused on building the Pacific Rim XRP market. I discuss each of the largest players and break down XRP volume impacts. Want to know about SBI (both of them?) You'll have to read for yourself! After researching and writing this blog entry, I am very bullish on XRP's Asia volume in the next 3-6 months. Hope you enjoy the read - leave any feedback below & as always, please feel free to share with others or on other sites and media. Thank you for reading! My blog announcements on other media: Twitter Reddit r/Ripple Reddit r/xrp Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  14. I think XRP is about to hit some mainstream adoption numbers. I talk about what this might look like in terms of volume, as well as the reasons driving this change. It's kind of a continuation from the previous blog entry; I extrapolate some volume numbers from South Korea and then discuss other topics that should be leading to "imminent" mainstream adoption for crypto - and for XRP! Please leave any feedback below and feel free to share on other media. My blog announcements in the other usual locations: Twitter Reddit Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  15. Not sure if this has been posted yet. Couldn't find it in search. quote: According to Nikkei Asia, the trial of the blockchain funds-transfer system between the Japanese and South Korean banks is planned on the end of fiscal year. The system will be based on the experience gained in the experiments conducted in Japan. https://www.google.ca/url?sa=t&source=web&rct=j&url=https://medium.com/koles-coin-news/ripple-is-testing-a-blockchain-payment-system-between-japan-and-south-korea-7162815b04d&ved=0ahUKEwia8P7Jnd3WAhVM0GMKHVYwB3IQFggpMAE&usg=AOvVaw0qCN1UaCO7VEMeeTqn1nuE
  16. I'll never defend or attack any major news source viewed as being liberal, conservative, fake, etc. They've all done it. With that disclaimer -- let me just put forward an interesting news post about North Korea and the Bitcoin exchanges in South Korea. Viewer beware. http://www.foxnews.com/world/2017/09/12/north-korean-hackers-targeting-bitcoins-to-fund-kim-jong-un-report-says.html
  17. ghost

    War and ripple

    hi there, and welcome to ghost chat about war and ripple, I have believed that ripple is controlled by war, and I'm here to explain all about it on here, now I'm not against it, because money is money, and we have to jump on this before it reaches £100 or even more
  18. Hodors Latest Blog Entry This is my latest blog entry. Just in case you didn't already know - South Korea, a small country of ~ 51 million, has been single-handily driving crypto prices for the last two months (Bitcoin, Ethereum & XRP). Take a read and let me know if you agree / disagree with my conclusions and please feel free to share as much as you want on any other medium! Reddit Twitter
  19. Imagine, for a moment, it's autumn of 2018. You wake up, turn on your television, and see channel after channel showing shots of the New York Stock Exchange, with news anchors nervously discussing the morning's developments: the stock market is crashing. Panic is in the air. Everyone remembers the housing and banking crisis ten years before. Fear, Uncertainty, and Doubt are the order of the day. Will the contagion spread? The above scenario is obviously fictional--I'm certainly no Nostradamus. But it's not implausible. The global economy last tanked in 2008. Before that, 1999-2000. Before that, 1991-1992. In very rough terms, these have happened every 8-10 years in recent history. Could we make it another 3 or 4 years? Certainly. Past performance is no indicator, and all that. Nonetheless, at some point we will see another economic crash. This is not a matter of "if", but "when." That said, the last time the market crashed, Bitcoin wasn't even a thing. We have no real template for what the cryptocurrency market looks like in the middle of a crash. Will investors treat crypto as a safe-haven, as they do precious metals? Or will investors begin pulling their funds out of crypto as uncertainty rises and panic strikes the other markets? Will it be something in between, with a slump, but of lesser severity? Or something else entirely? I recently posed this question to a friend of mine who has been in Bitcoin and a few other coins since around 2013. While he agrees that there's no way to know for sure -- "even gold isn't acting like gold, lately" he noted -- he suggested looking at Venezuela and India for clues. "Crypto is gaining a foothold in those places," he observed, however "the main issue is the technological sophistication of the populace." A few anecdotes I've picked up over the past several months lend some credence to this theory; although, anecdotes should never substitute for hard data (which I'm lacking). South Korea might serve as a second -- albeit more controversial -- example. Another investor friend of mine pointed to the turmoil and uncertainty on the Korean Peninsula, from domestic political turmoil to the ever-looming threat across the DMZ to the north. In her view, these factors helped drive the strong demand for first Bitcoin and then XRP in recent weeks, as investors looked for safe-havens. Does this theory have legs? I don't have enough information to answer that question. I'd love to hear from some of our Korean members for further insights. A third friend talked about the role regulation has played in Japan in driving demand. It's been suggested that so-called "bitcoin laws" have helped boost investor confidence in crypto in Japan, and he speculated that we could see very different reactions in different countries, based on the regulatory climate. "In countries where there are strong protections in place," he said, "we might see investors treat it more as a safe-haven and a hedge against inflation. In countries without such laws, though, who knows? It's anyone's guess." Ultimately, I don't have an answer. This isn't going to be one of those sorts of posts. Instead, I'm posing the question, hoping we can all gain insights from the discussion. Thoughts?
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