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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.

https://bcbgroup.io/blinc/

Ripple bank network grows and became a real alternative to SWIFT. Why there is no single Ripple bank initiative with Russian banks?

https://xrpripplenews.com/2019/09/28/ripple-ibm-swift-join-eu-policy-makers-to-develop-dlt/

https://xrpripplenews.com/2019/09/26/ripple-at-sibos-london-2019-three-interesting-takeaways/

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

There's been numerous threads about utility based analysis of how high XRP price could rise. Here is one example: https://www.xrpchat.com/topic/18706-xrp-market-potential-value/ I've created this thread to throw out what I consider to be a good "starting point" for utility-based analysis. Personally, I struggle with the finer-grained differences between the potential markets: B2B (Business to business) P2P (Peer to peer or person to person) P2B (person to business) Once we zero in on one of these three categories, we can then further categorize the markets and get some historical numbers to plug in. For example, within the category of "P2P" are remittances across borders such as what MoneyGram handles along with Mercury FX, Flash FX, IDT, and Cuallix. Also American Express and Western Union now! I wanted to create this specific topic as a stand-alone thread before I then take the number and extrapolate to use it in a utility-based analysis of XRP price. In the past, I've used old SWIFT numbers. I've seen other authors manage to get their hands on other numbers as well, but I'm not sure if some of those overlap or should be considered separate from each other. For example, is the CHIPs system accounted for in the SWIFT number? I don't think so, but I'm not sure. We'd need somebody 'from the industry' to comment on some of the numbers that would comprise our starting point for utility-based estimation of XRP price. Let me know if you feel strongly one way or the other, or are from the industry and have some valuable sources of statistics to contribute. Thank you!

Although arguments can be made against the notion of future adoption of the XRPL by the financial system thru supporting the retention of the current international payment system or emphasizing the technological progress in the SWIFT payment network, they fail to address critical flaws in today’s system. Hackers, political pressure, regulators, and the shrinking correspondent banking system are all legitimate issues that are impacting banking operations. Most international payments are facilitated through the SWIFT network today. SWIFT is a messaging network used to send and receive information on financial transactions between financial institutions. Currently, more than 11,000 financial institutions from around the world are linked to the SWIFT network for operations. Typically, the originating bank is required to have a working relationship with the destination bank in international wire transfers. If there is none, the originating bank can search the SWIFT network for a correspondent bank that has one with both banks.(2) Once found, the transaction is transferred through Nostro accounts held at the intermediary bank for a fee to the destination bank. Although SWIFT’s inception has proven to be beneficial in enabling international payments between banks globally, it’s reliance or the monopolistic position has become a double-edged sword. Due to their international relationships, SWIFT was viewed as an apolitical organization that was independent of any country’s domestic foreign policy. Unfortunately, this has not been proven the case the past few years as political disputes now threaten to fragment the international payments space. Regardless of your political views towards Iran, the United States pressure on SWIFT to disconnect Iranian financial institutions from the network has been unprecedented. While the action undergone by SWIFT contradicts the European Union’s desires. Although the EU intends to maintain trade with Iranian institutions, SWIFT complied with the US requests.(3) With the consequence being that now the international payment network has become weaponized to exert political pressure onto countries or regions. This undermines the trust within the network as participants can ultimately be on the wrong side of political discourse. Along with Iranian FIs, there has been heavy speculation from US media sources and diplomats that Russian financial institutions might face similar sanctions to their Iranian counterparts in the future.(4) Further eroding any participant confidence in SWIFT remaining apolitical. SWIFT’s inability to remain impartial to the network’s participants is already beginning to have repercussions. In Europe, there has been a political push back on the US influence over the payment network. Germany's foreign minister, Heiko Maas, has publicly stated that the EU should "strengthen European autonomy by creating payment channels that are independent of the United States — a European Monetary Fund and an independent SWIFT system".(5) Even more striking were Maas’ comments that the EU had already begun the process of developing an alternative payment system. Both Iran and Russia have also taken similar responses to the EU. Iran has begun implementing an alternative banking platform for banking transactions with foreign institutions.(6) Meanwhile, Russian financial institutions have prepared themselves to be disconnected from the SWIFT network at a moments notice and have begun to adopt another alternative payment system CIPS. CIPS or the Chinese Alternative Global Payments System is also an alternative payment platform provided by China. CIPS was intended to make transactions between China and Russia easier while enticing other countries to utilize the system.(7) Russia has also begun to develop its own payment system called the “System for Transfer of Financial Messages” (SPFS). Essentially, the global political environment has pushed regions or countries to develop or adopt alternative solutions to SWIFT. Creating an ever growing, fragmented international payment network that will require interoperability between systems. SWIFT’s security has also been exploited these past several years, further testing the participant's trust of the network. Along with the frequency of these hacks occurring, the severity of them is increasing. Of the top five biggest SWIFT hacks by money lost, four of them have occurred within the past two years.(8) The sophistication of these attacks is becoming so advanced for SWIFT’s liking that they have begun to issue warnings and urge participants to increase their security measures.(9) In some attacks, hackers have been able to order payments to banks in other countries by copying preformatted payment requests into the SWIFT messaging software. Even further eroding trust in the network’s security, it was discovered that the NSA had breached SWIFT’s security and have developed tools for its operations. Thru leaked documents and files by a hacker group, the public was made aware of how the NSA had accessed the messaging system. Possibly setting in an uncomfortable feeling for financial institutions located in Eastern countries that the SWIFT network is a possible vector for attacks. Structurally, the correspondent banking system has been on a gradual decline for several years while total volume and value of payments through SWIFT are increasing. The Financial Stability Board conducted a study in which the FSB found that from 2011 to the end of 2017, active correspondent relationships declined by 15.5 percent across all currencies.(1) While for 2017 alone, it declined by 4.1 percent. More recent studies have concluded that 2018 saw declines in active relationships and corridors of about 3.5% and 2% respectively.(11) With the global correspondent banking network now declining by about 20% and the number of active corridors having fallen by roughly 10% the past seven years. This decline in active correspondent relationships has also coincided with the increased concentration within the correspondent banking market. Remaining participants in the network have their market share increase as competing banks exit the system. Both these trends pose respective risks and issues to the banking system. An increase in the volume of payments with the decrease in the number of correspondent relationships is theorized to increase the length of the payment chains. Implying payments will need to be facilitated thru more intermediary parties to reach the same destination. Possibly adding more exchange or transaction fees along with increasing the settlement time. Meanwhile, a concentration in the correspondent banking market introduces an unwelcoming scenario. Theorized consequences include a decrease in the competition of services, leading to higher costs and more fragile networks. As the payment network relies on fewer participants to facilitate payments, the failure of a participant will have greater repercussions as they are more relied on. Ultimately, the global political environment is causing a fragmentation of the global payment system while the financial system is gradually entering a delicate state. Both trends have already begun to force global and financial institutions to adapt and find alternative systems. Regardless of what SWIFT can develop to enhance it’s services to its participants, there will be issues the organization cannot resolve. Interoperability will more than likely be the key in enabling the future global payment space to withstand any geopolitical shocks, along with providing a crucial capability if the financial system is under strain due to the structure of the correspondent banking system. Placing Ripple’s xCurrent or ILP in an advantageous position. 1. https://bankingjournal.aba.com/2018/11/basel-decline-in-global-correspondent-banking-relationships-accelerates/ 2. https://www.investopedia.com/terms/c/correspondent-bank.asp 3. https://www.ft.com/content/8f16f8aa-e104-11e8-8e70-5e22a430c1ad 4. https://www.voanews.com/a/us-diplomat-russia-should-release-ukrainian-sailors-by-christmas-/4688911.html 5. https://www.businessinsider.com/germany-wants-european-rival-to-us-backed-swift-payment-system-2018-8 6. https://en.mehrnews.com/news/139715/Iran-welcomes-foreign-banks-to-join-its-alternative-to-SWIFT 7. https://ethereumworldnews.com/after-ripple-chinas-cips-now-competes-with-swift-departure-from-us-dollar/ 8. https://medium.com/@kvantorcom/top-5-biggest-swift-hacks-52fca78145c 9. https://www.reuters.com/article/us-cyber-heist-warning/swift-warns-banks-on-cyber-heists-as-hack-sophistication-grows-idUSKBN1DT012 10. https://www.reuters.com/article/us-usa-cyber-swift/hacker-documents-show-nsa-tools-for-breaching-global-money-transfer-system-idUSKBN17H0NX 11. https://www.bis.org/cpmi/paysysinfo/corr_bank_data/corr_bank_data_commentary_1905.htm

Main quotes: Garlinghouse says 6% of the transactions conducted by SWIFT are under human control. XRP ledger is ‘thousand times’ faster than the BTC network,” according to Ripple’s CEO. Source: https://www.fxstreet.com/cryptocurrencies/news/ripples-ceo-brad-garlinghouse-bullish-on-xrp-beating-swift-201905201158

Blog URL: https://coil.com/p/Hodor/XRP-The-Pressure-Cooker/_l2JcM7nC XRP is a pressure cooker of pent-up demand from its utility-driven value! Find out more & learn about the latest XRP news in my latest blog: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: Liechtenstein passes its "Motion on the Blockchain Act" 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple is attending five conferences in May, including ones with the World Bank and the OECD; FXC Intelligence rates Ripple ahead of both SWIFT and JPM Coin; and Ripple embarks on a global advertising campaign. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: @CinnappleFun adds to its website; NOW Payments supports XRP; and CoolWallet, a hardware wallet provider, now supports 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://xrpcommunity.blog/crypto-superbowl-consensus-versus-proof-of-work/ It's a Superbowl-themed blog! Read about the match-up between Bitcoin and XRP, along with all the news impacting XRP. 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: The unexpected death of QuadrigaCX's founder results in exchange liquidity problems; The UK's FCA issues enforcement guidelines; and the Bank for International Settlements issues a paper detailing profound security risks with proof-of-work networks, specifically analyzing Bitcoin. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: The CEO of SWIFT and Ripple debate onstage at the Paris Fintech Forum; SWIFT announces a new proof-of-concept allowing R3 to initiate SWIFT GPI transactions; Ripple hires a new General Counsel; Saudi British Bank (SABB) is discovered to be a RippleNet member; a new Ripple Drop episode is released by Ripple; and the Xpring Initiative publicizes a new development position for Interledger 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: New XRP code amendments are announced; Three exchanges add XRP trading; Coingate, a crypto payment processor, adds XRP as a checkout option; CredEarn indicates that their largest asset class for deposits is XRP; A new swag shop offers a new physical XRP coin for collectors; and a new video game plans to use the XRP Ledger for their online economy. 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://u.today/does-ripple-have-potential-to-overtake-swift

I was listening to a few YouTube videos and Podcasts about the world dumping U.S debt and hoarding gold and found an interesting article. How would this play out? If Swift can block transactions for entire countries, can those countries turn around and start using Ripple's tech as their new method and improvement to real-time gross settlement system, currency exchange and remittance network? https://www.albawaba.com/news/europe-and-us-diverge-iran-swift-financial-network-stuck-middle-1184096

Hey XRPChat, I noticed this was announced today on the @MicrosoftAU Twitter page and figured it would eventually be posted on XRPChat but I am yet to see it. Please follow link to read the article - https://azure.microsoft.com/en-us/blog/microsoft-and-swift-make-azure-cloud-native-payments-a-reality/?ocid=AID729842_oo_spl100000343099791 So much is happening at the moment, with all the partnerships and announcements etc. that I can't recall if this has previously been announced and now verified at SIBOS. I would be interested to know the forum's thoughts on this POC partnership. Thanks XRPRam

We can no longer consider XRP a contrarian choice for investment. In today's blog, I explain how XRP is now probably considered a fairly mainstream choice for cryptocurrencies, and how different world organizations have recognized the trends in DLT that make investment in - and usage of - digital assets more mainstream. I also cover the latest news affecting the XRP ecosystem. This includes an analysis of crypto-assets by the G20's Financial Stability Board and a resolution adopted by the European Parliament. SIBOS, SWIFT's annual conference is coming up on October 22nd, and I describe what to expect for Ripple. News about Ripple also involved a video of Ethan Beard describing how Xpring promises to invest in new use cases for XRP. The news from the XRP Community includes an exciting analysis of social media and Internet search trends, as well as a tweet from WietseWind to Elon Musk. All that and more! I hope you enjoy the read & please leave any feedback below. Also - feel free to share my blog as you see fit - 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

I have been bagging XRP since last year, and like all of you I hope XRP goes moon and even to Mars. But there's a fundamental question I don't quite understand. As most of you believe that Swift partnership would make XRP goes moon. but even if Swift partnered with Ripple and most banks are using XRP, the banks would only buy and then exchange the XRP back to fiat within a few seconds when the transaction is done. So how would that push up the price of XRP? Since the XRP would be bought at a slightly higher price and sold for a slightly lower price so wouldn't that make the price level even?

Let's play a game shall we... Say you are me and I am you and we do all the things we do... Then, in as little as or less than 115 days you, me, anyone with a good amount of XRP could be seeing prices that are against all the FUD today. You may experience wealth very fast, and perhaps overnight. Could you handle that? Are you ready for that? It's more difficult that you may think. Nobody knows and these realistic view points may be accurate but, I have witnessed what seems as reality become a fallacy... Overnight. One does not assume anyone would perpetuate nefarious tactics and propaganda that could in fact be being shoved in our faces and some, well... Don't know better. Ignorance, is a side effect of controlled opposition. Cognitive dissonance is a by-product It's like wondering why most fast food conglomerates use "red & blue" as their logo colors or why almost every celebrity covers an eye for a photoshoot. Excite and depress. Ever feel calm when the police light 'em up behind you? Excite and depress...over and over Those of us that are viewing things without blinders and at a very wide perspective come off as misunderstood or even crack pots. Lunatics. Imagine how I feel about the masses. ....wear my glasses We know money is going digital. We know everyone will accept it. We will prove that with our wallets. Donald Trump has already said that the playing field will be leveled. February 2017 Every transaction will be tracked and the world wide web will become monetized. (World Wide Web, "W", "W", "W",... The sixth letter of the Hebrew alphabet is "Vav" which represents the letter "w" in the American English alphabet... I've said enough). What does a web do to other insects... Why is Facebook so popular when it is so pointless... People spend whole days on Facebook... As if they are caught in a "web"... And it doesn't have to be one website, it could be many... We know XRP is capable of capturing all transactions and it is only beginning. Call me a sell out, or whatever you will but, I have screamed and fought everyone to put the glasses on. I know what I shouldn't know and it has set me free. Now I am sharing it Because sharing is caring... XRP = HODL

I don’t believe @Ripple biggest announcement of the year was ever coming from Swell. The biggest announcement will come at Sibos later this month. If there was ever going to be a way #swift were to save its skin it would be plugging Xrapid in for its settlements

https://www.rns-pdf.londonstockexchange.com/rns/9308A_1-2018-9-17.pdf The only mention of Ripple is in the source comments on page 9, but a worthwhile read nonetheless. It amazes me that for a paper published THIS MONTH (September 2018), there are no further mentions of Ripple and/or XRP, particularly on page 15. Given this paper is posted via the London Stock Exchange, it will likely have a wide audience. Any thoughts welcome.

Hi Guys. Not sure if it has been posted already, but i thought to share it with you because if true its gonna be huge. Even though in the past Ripple has denied dealing with SWIFT but i guess there are no permanent friends or foes in business. "XRP – Is Ripple working with SWIFT? Recently, SWIFT released a report titled, Africa payments: Insights into African transaction flows. In this report, SWIFT touches on something to do with Mojaloop. The report states that the SWIFT team at the Bill & Melinda Gates foundation played a role in developing a switch that verifies, routes, and handles settlements between diverse players including mobile money providers, banks, and merchants. The interesting facet of it is that Mojaloop is also working with ripple, in a bid to enhance interoperability in the African market. In essence, the two technologies are working together in this project that will uplift millions of Africans out of poverty. While this is just a single project, it brings out the common goals of the two platforms and how they can benefit more from each other, when working together, instead of competing with each other. Most XRP (XRP) investors believe that ripple will at one point outcompete SWIFT in the banking industry. However, the reality is that they need each other. SWIFT has something that ripple needs, and that’s the network and political leverage. Thanks to its market presence that spans decades, SWIFT has established strong ties with the finance industry. The banking sector has built most of its cross-border payments infrastructure around this platform. On top of that, SWIFT has a high level of political backing, for geopolitical reasons. For context, a German minister recently called out for the need for Europe to develop financial systems that are independent of the United States. But, while their chancellor came out in support of this, she added that they still need to work with SWIFT as a tool for preventing terrorism financing. This goes to show that for geopolitical reasons, it will be a huge challenge for banks, especially in the west to abandon SWIFT and move to a new system. The best bet would be cooperation between the two platforms, which is actually quite workable. Ripple has the superior technology, while SWIFT has the networks. Such a partnership would unlock the best of both. And if the success of the Mojaloop project is anything to go by, then things could head in that direction in the future. Such a collaboration would give instant mass adoption of XRP in the banking sector as a tool for enhancing efficiency. It would unlock the true value of this coin, as demand both from financial institutions and retail buyers looking to catch the XRP train would push price through the roof."

[...] Apart from the ATM withdrawals, the hackers transferred 139 million rupees to a Hong Kong-based company’s account by issuing three unauthorised transactions over the SWIFT global payments network, the bank said in a police complaint, a copy of which was seen by Reuters. SWIFT, whose messaging system is used to transfer trillions of dollars a day, said it did not comment on individual cases.[...] https://thehimalayantimes.com/science-technology/indias-cosmos-bank-loses-13-5-mln-in-cyber-attack/

“Send the fax, Able.” Mr. Swift shut the door of his office and headed for the elevator. “It’s out of our hands now.” “More like ‘out of hand’,” thought Able. Things were out of hand. Mr. Swift remembered those days in the Seventies when he started working at this large company. The company was heralded as groundbreaking. And at the time it was groundbreaking. Over the years the company’s hegemony over international payments grew and Mr. Swift even became privy to the little-understood and even less-revealed role his company played in the back rooms of the global financial stage. These days Mr. Swift was spending more and more time fixing errors, patching software, and scrambling to prevent the theft of billions of dollars by ever more sophisticated hackers. He wore his stress like a badge of honor. That’s to say he attributed these attacks to his company’s standing as financial powerhouse handling millions of transactions not, as it were, to the fact that his company was a technological sloth, a jumble of intermediaries and an accordingly easy target. Anyway, it was time for a drink. “Do you think they will get it in time?” said Able. “Get what?” asked Mr. Swift. “The fax.” “Oh the fax is there already. The question is will they find it, read it, and take the myriad steps necessary to stop the million dollars from slipping through the cracks to the hackers.” Mr. Swift explained. “Its more like a sieve than a crack” commented Able. Mr. Swift thought Able was exaggerating even though six percent of all transactions performed by his company failed in some way or another. Although he himself was a bit of a dinosaur when it came to technology, Mr. Swift had heard something about six degrees of separation in today’s interconnected world and figured that his company was meeting the global standard by separating six percent of its clients from their money. Another badge of honor to him. Likewise, it was this sort of thinking that gave him pride in “modernizing” the company’s fraud alert system to incorporate the fax machine—he won employee of the year for that. Besides, one million dollars was just a drop in the trillions dollar bucket the company handled. “Don’t worry they won’t miss it…they have no choice,” he said to Able. “That’s the privilege of being the only game in town. We can never lose a customer.” As they entered the pub Able thought to himself, “I can’t believe how much money the company misplaces in cyberspace.” And then thought further, “This company still uses telephony…that means it uses telephony space.” He finally concluded, “The world uses cyberspace and we use phony space.” Able was a bright and curious MBA so landing a job at such a smug behemoth didn’t stop him from learning and investigating the competition. He started investigating Bitcoin and Ethereum when the media started widespread coverage—late actually--but his penchant for depth helped him discover other companies and assets such as XRP which he thought could be a potential threat to complacent yet powerful institutions like the one he worked for. He had become a true crypto enthusiast—and one that could separate the wheat from the chaff. A coin that could transfer and settle in seconds was a breakthrough, sure, yet he couldn’t help but imagine what the real impact would be. He envisioned the liberation of dormant settlement funds, efficiencies for remitters and the unbanked, bridge currency utilization, and even applications in the stock, futures, and derivatives markets. The pair sat at the bar and listened to a recent release on the jukebox. Mr. Swift didn’t consider at all the contrast between that tiny jukebox and the aging technology invented by his company. How does something so trivial as pop music get piped everywhere via the internet while trillions of dollars of critical and urgent international payments still languish for days in cyberspace waiting to be delivered, clear, and settle? “Ripple” said Able, interrupting Mr. Swift’s thought. “What?” asked a startled Mr. Swift. “Gin ripple. I was talking to the bartender. What are you having?” “Golden Cadillac,” answered Mr. Swift. “Coming right up” said the barkeep. As he mixed the drinks he couldn’t help but notice how different these two regular customers were. He knew they worked together, probably in the same office, but everything about them was different. Able listened to the latest music on the jukebox using an account on his phone to select the songs. He had tried to pay his tab with bitcoin once. Mr. Swift, on the other hand, was stuck in his ways. He stopped experiencing new music in the eighties, paid for drinks with a check and even drank Golden Cadillacs—a drink popular forty years ago. Hell, Mr. Swift’s pants even had pleats. The barkeep knew that the gin ripple was the hottest cocktail on the mixology scene right now. He even believed the Ripple could become a new classic. Able was planning on waiting until Mr. Swift at least had a few drops of alcohol in him before breaking the news, but for whatever reason he blurted it out: “I’ve found a job with a startup.” “What’s that now?” “I want you to know that I am very grateful for what I have learned in my year at the company, but I’m going in to the tech space.” Mr. Swift chuckled. “You’re a fool, son, tech is a crapshoot.” But suddenly Mr. Swift’s voice raised considerably. “For every ponyhorn that makes it there are a million others who fail. And even the ponyhorns don’t do anything meaningful. You’ve got a sure thing here and you are doing something that brings utility and value to banks and everyday people.” “Unicorns. They’re called unicorns” “Unicorns, whatever. I don’t care. If there is one truth in the world it is that institutions like ours stand forever…you are taking a stupid risk.” Able knew Mr. Swift would be upset. But something about his reaction was strange to the kid. It seemed as if Mr. Swift was worked up due to his pride and arrogance. He was simply offended. A savvier person would feel threatened by tech. Mr. Swift certainly wasn’t feeling threatened. He was too clueless to think that his company and it’s so called “technology” would ever be replaced. He was even less likely to understand or even care about what was going on in the fintech space. In a way, Able felt sorry for the man. Able learned basic lessons in business school about what a strong position Mr. Swift’s company was in and how easy it would be to keep its monopoly if it just adapted. But Able knew there was no hope trying to change the complacent culture therein so he had decided to move on. “I hand-picked you among the best and brightest and you’ll have the opportunity to reign over the company one day. Tech space? Humph! Get that crazy idea out of your head. Besides, what the hell does tech have to do with what you’ve learned here? You damn millennials think that every stupid smart phone thing is going to be the next mainframe. Haven’t you seen that technology is just a trendy time waster? Look what our company has accomplished over forty years. We’ve never been distracted with tech developments yet we have a global monopoly.” “Definitely clueless”, Able thought. Mr. Swift calmed down after downing a few of his passé cocktails. Able managed to share enough of his plans to satisfy his boss without explicitly mentioning that he was going to work for a potential competitor. They discussed an exit timeline and recounted a few memorable work experiences mostly dealing with crisis management. All in all, it turned out to be a pleasant evening although much of that was due to Able keeping Mr. Swift in the dark about specifics. But Mr. Swift functioned best in the dark about many things and that’s just how it was. “I’ll pay for the drinks” said Mr. Swift. “Save your money. You never know with those Silicon Valley startups.” He reached for his checkbook. “Sorry, Mr. Swift, but the owner says we are no longer taking checks.” “But I’ve always paid with checks.” “I know, but apparently you are the only one that does, and it costs my boss extra time to handle them.” “I’ve been coming here for forty years. Why now?” “I’m not sure. But I guess those days are over, Mr. Swift. I guess your time has come.”

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XRP and Ripple are leading the pack in the third week of April. What's going on with Ripple and XRP? New exchange(s), increasing volume, a market rally, and a $25 million dollar investment. Ripple joins Hyperledger, and keynotes at several conferences: The company also hired a Head of Community! @peebo38 Rounding it out, the community gets a new tip bot, but this time on Telegram, and a new coin promotion just started at XRPChat. I cover all of this in today's blog. Hope you enjoy & please leave any feedback below. Feel free to share my blog with a friend or family member, 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 Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread