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“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.”

I am Delectro. XRP's price will increase dramatically, overnight Beyond Bitcoin's dream's Decoupled Moon first Then, Standardized $10,000+ could be off by a zero or few Your proof, your source, Me, Delectro, Delectro's wisdom... HODL!!!!!!!!!!!!

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

In this latest blog, the topics include Ripple's xRapid marketing strategy, a panel where Marjan Delatinne is scheduled to discuss PSD2, and SWIFT's embarrassing announcement about its failed POC with blockchain. Also, there's good news on the exchange front, as Huobi looks to set foot on U.S. soil. Rounding things out is an incredible announcement of a community-created application to text XRP peer-to-peer, along with shocking information about Cobalt - the name given to the planned upgrades to the XRP Ledger. Hope you enjoy the coverage - please leave any feedback below: Feel free to share my blog with a friend or any group or on any 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

Hey everyone, I’m putting together a list of facts about why/how Ripple could take over global payments market for my conclusion in my essay. I want it to be as unbiased as possible and state the facts, and most of my sources have come from threads here and the official Ripple website, but some informative posts here are hard to put in layman's terms. Here’s a list of things I’m currently considering writing about, If anyone has any critique on my bullet points, or can add something I’m missing It would be much appreciated * Ripple confirmed to be able to handle 1500 tps, VISA usually handles about 2000-4000 tps * Ripple has been accumulating over a hundred bank/financial institution partnerships * Ripple is speedy and can clear transactions in 4 seconds. (Compare with average transaction time from McKinsey 3-5 days and how SWIFT Is now waking up to the competition) * Ripple uses consensus algorithm to confirm transactions, Works a lot better as a financial instrument(?) than Bitcoin * Incentives for banks to use since it will reduce cost (Swift GPI vs. Ripple price?) * xRapid can liquify trillions lying dormant if it becomes mainstream * Ripple doesn't need XRP to succeed, but since it works seamlessly with other RippleNet solutions, the incentives to start using it are there Thanks a lot for reading and I hope you have a great weekend TLDR; Writing about Ripple, please critique bullet points

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!

Duplicate post - deleted.

One of the key advantages of international banks adopting Ripple is that it will free up trillions of dollars that are tied up around the world in vostro/nostro accounts. "...The FSB, together with the Basel Committee on Banking Supervision — which finally agreed an important reform package late last year — has implemented rules to try to prevent “too big to fail” banks needing bailouts, such as those they received during the crisis. Those rules INCLUDE DOUBLING THE AMOUNT OF CAPITAL banks have to HOLD" https://www.google.com.ni/amp/s/amp.ft.com/content/8d709166-2a91-11e8-9b4b-bc4b9f08f381 Just another reason to switch from SWIFT ! ////////////////////////// The group that makes global financial rules will pause from making new regulations and instead evaluate whether its post-crisis reforms are having any unintended consequences. The “pivot” by the Financial Stability Board comes a decade after it grew in prominence as politicians around the world tried to firefight bank failures. Today, countries, particularly the US, are rolling back some of the reforms made in the wake of the financial crisis and instead focusing on job creation. The explicit pause in rulemaking by the FSB, which makes recommendations to the G20 countries, also comes as threats emerge, including the rapid growth in digital currencies such as bitcoin. But in a letter to G20 finance ministers and central bankers ahead of a summit in Argentina on Monday, Mark Carney, the chair of the FSB and the governor of the Bank of England, said that the group judged that “crypto-assets do not pose risks to global financial stability at this time” because “they are small relative to the financial system”. Mr Carney said earlier this month that crypto-assets and their ecosystems, particularly exchanges, should come into “the regulatory tent”. The FSB said it would keep crypto-assets under close review, however, because if they are taken up more widely, they could pose more risks. “As its work to fix the faultlines that caused the financial crisis draws to a close, the FSB is increasingly pivoting away from design of new policy initiatives towards dynamic implementation and rigorous evaluation of the effects of the agreed G20 reforms,” Mr Carney wrote. “The objective is to assess whether reforms are operating as intended, and to identify and deliver adjustments where appropriate, without compromising on either the original objectives of the reforms or the agreed level of resilience.” The FSB, together with the Basel Committee on Banking Supervision — which finally agreed an important reform package late last year — has implemented rules to try to prevent “too big to fail” banks needing bailouts, such as those they received during the crisis. Those rules include doubling the amount of capital banks have to hold; getting them to write “living wills”; and developing special debt that converts to equity should a bank collapse, forcing creditors and shareholders to be on the hook rather than taxpayers. The board will review the reforms’ effects on the incentives for central clearing of derivatives and on infrastructure finance, and will formulate “a plan to evaluate the effects of the reforms aimed at ending ‘too big to fail’ by 2020”, Mr Carney’s letter said. The FSB is also going to review itself. Its working groups on developing policy have already decreased 25 per cent in the last year. The pivot by the FSB to evaluating the consequences of its reforms comes as Mr Carney is due to step down as FSB chairman at the end of the year. The US Treasury wants to nominateRandal Quarles, the Federal Reserve governor who supervises big banks, as the FSB’s new chairman, the Financial Times reported last week. The administration under President Donald Trump is undertaking an explicit deregulatory agenda. If Mr Quarles’ candidacy to take over as chairman were to gain traction, it would mark a further change of gear from the regime of Mr Carney, who has overseen the body’s efforts to tighten regulation since 2011

It's no longer an exaggeration to claim that Ripple technology is on a global path to replacing the entire worldwide money transfer infrastructure. I discuss why this is, and provide you with some details you may not have previously known about some of the prominent news items hitting the wires this week. Also, learn about the upcoming Money 20/20 conference and how Ripple is planning on sending a large delegation! I hope you enjoy this edition - please leave any comments 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 Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

Marjan Delatinne Global Head of Banking at Ripple, Former Business Director at SWIFT And this of course is its early stage, "We sign a Bank or PSP Per Week" https://mobile.twitter.com/BankXRP/status/972575352747888641

It was a surprise to know who is Marjan Delatinne. Since January 2018 Ripple has a new global head of banking. Marjan Delatinne joined the company in 2017 after having spent ten years at SWIFT as business director commercializing different banking solutions including Global Payments Innovation (GPI). Part of the Women in Fintech Power list 2017, Delatinne has shown great ability in developing business strategies for innovative initiatives during her career. Interview with COINTELEGRAPH: My favorite notes: "....I was working for SWIFT in the past, and correspondent banking is a core business of SWIFT. There are a lot of pain points and problems - and I want to change it. It sounds childish, but I want to make our world a better place. "...It takes time to attract new partners, especially big organizations. They have more complex legacy systems and if they invest, they have to be sure that their investment is bringing a return. But we see a significant change in terms of the way the banks are talking to Ripple. The trust that now has been built around Ripple and the fact that a lot of big players are already in our network - for example, Bank of America - make our new partners more confident that Ripple is working." "...Now the Internet of Value is becoming a reality - thanks to Blockchain technology. Traditional banking institutions must try to join or adapt to it, otherwise they can lose the game." After reading recents comments from SWIFT. I translate those comments as Homer Simpsons says: OUCHHHH !! Every second I become a stronger XRP Believer...don't you?

https://www.profitconfidential.com/cryptocurrency/ripple/xrp-price-prediction-swift-tries-combat-growing-xrp-threat/ I enjoyed reading this article and would like to know what 'report' its referring to. What have I missed? They are maintaining the $10 price prediction too. "there was a report that SWIFT, Ripple’s main rival, is talking up its efforts in distributed ledger technology (DLT)." It's nice to see predictions holding firm despite the long slump.

https://www.google.com/amp/s/qz.com/1217017/a-40-year-old-banking-co-op-is-overhauling-payments-without-using-blockchain/amp/

Ripple’s 40-year-old rival is speeding up payments without using blockchain https://www.google.co.in/url?sa=t&source=web&rct=j&url=https://qz.com/1217017/a-40-year-old-banking-co-op-is-overhauling-payments-without-using-blockchain/amp/&ved=0ahUKEwiirYWfw8fZAhVIMI8KHfB4DrEQqUMIKjAB&usg=AOvVaw2pHX5rrmUsTx44O4rcpY7k&ampcf=1

https://ripple.com/insights/demystifying-digital-assets-part-2/ Swift sure gets sh1tted on a lot these days.

See https://www.quora.com/Is-XRP-not-required-for-the-Ripple-Swift-replacement/answer/David-Schwartz-9.

I can think of a few reasons why Swift wouldn't work with Ripple but really they all seem sort of prideful rather than business oriented. Can someone provide solid business protocols and processes on why Swift wouldn't use Ripple / XRP for their services?

Hello, It's my first post here although I jumped on the train in August. I want to thank you all for such great community. Also, I want to draw your attention to that part of the news about Western Union. When you think about Western Union most likely you think about cash transfer around the world to friends, family and etc. Yes, it's a big part of WU but Western Union is also big players on the market of international payments for companies and ....... BANKS. Many (I mean really MANY) small and medium-size banks in USA and around the globe use Western Union Business solutions for international payments and cards processing. For small banks, WU business is much cheaper and easier (due to stringent requirements) than direct correspondent accounts in large banks. And now think about that. If WU will begin to use XRP then all their customers (banks around the globe, companies and etc) will automatically use XRP in a day to day transactions. Although many of them will not even know about that You can find more information about WU Business at http://business.westernunion.com Fly me to the moon, let me play among the stars....

15mil (average SWIFT transactions per day) x 365 days is 5.4tril annually. 5.4tril annual transactions consumes 54mil XRP, and that's just from SWIFT alone (Visa processes over 8.9tril transactions annually, which will consume 89mil XRP). For example, Western Union charges a fee of $5 for a simple wire transfer of $50. I can't even imagine the SWIFT fee's on wires in the millions of dollars. 1XRP can facilitate 100k reference transactions. Due to scarcity + volume (not even including subjective market value) it's not unrealistic that 1XRP could become worth upwards of $1,000 or more based on the amount of money saved on SWIFT fee's alone. What do you all think? Maybe $1,000 is low-balling XRP's potential.

It's time. We are going to take over #1 in 2018.Don't believe me? You think it's hyperbole? Read my blog post and decide for yourself if my logic makes sense. I chart the path that I think is actually most likely for 2018, and it may lead to some surprises in crypto by year-end. Hope you enjoy the read! Please leave all comments below. Feel free to share my blog on any other media & thank you for doing so! NOTE: You can re-print on FB or other media as long as you give me credit (Hodor) somewhere at the beginning or end. 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

I am very interested in learning more about how XRP works to solve real world problems that commercial banks face, particularly around international money transfers. I would like to better understand how and if the value of XRP matters for the Ripple commercial banking network. It is my understanding that XRP is used as an "IOU" so to speak when used with the Ripple network for international transfers. If this is the case, does the value of XRP matter? Could the bank use 1 XRP to represent 1 million USD even though the actual value of XRP on the open market is 1 dollar? If this isn't the case and banks have to buy a ton of XRP then I have a hard time believing they would buy 1 million XRP just to represent 1 million USD for an international money transfer. Nor would the bank want to hold onto billions of XRP to facilitate international wire transfers when the price of XRP could fluctuate turning the holdings it into a significant liability for the bank. I guess I don't completely understand the infrastructure and business model and would like to better understand. Could someone here share with me a detailed description of how this solution will work in the real world? Thanks! -CryptoMaster 1000

You have to love our community Swift announces on twitter they have up graded their system for faster transactions, and the XRP community smashes them down. Read the comments gold

I can't help thinking that with so much money at stake will SWIFT try to create their own system and knock Ripple out of the game. Swift already has a captive customer base and will not want to lose out on the money it makes each year. Will they create something new or join/swallow up Ripple.

https://www.bloomberg.com/news/articles/2017-11-29/banks-at-risk-from-rising-cyberattack-sophistication-swift-says?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social