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  1. So when will it happen? When will I get rich owning my XRP´s. My Zerps? Sarcasm, irony and a lot of other words are allowed to be used in answers.
  2. Blog URL: https://xrpcommunity.blog/xrp-by-the-numbers-2/ If you're a 'numbers person,' you are in luck: Today's blog is all about the key statistics of 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 Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  3. http://catalystcorp.org/communications/catalyst-news/2018/10/09/catalyst-corporate-partners-with-ripple-on-blockchain-for-cross-border-payments?pid=4&selfid=33&tid=2
  4. Blog URL: https://xrpcommunity.blog/proof-of-work-cryptos-will-be-left-behind/ In today's blog I describe the reasons why proof-of-work crypto is headed for a museum, and discuss news affecting XRP! 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple announces twelve new customers, including five new xRapid partners; The Paris Fintech Forum is promoting a panel discussion on January 30th with both Brad Garlinghouse and the former CEO of SWIFT; and SendFriend's CEO, David Lighton, provides insight into their plans for xRapid. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: WietseWind announces the formation of a new company with three founders, including himself, and calls it XRPL Labs; XRPL Labs adds an option to the XRP Tip Bot to enable recurring daily, weekly, or monthly tips; Bithomp publishes a new API to capture and share rich XRP Wallet information for organization wallets; and GB Exchange (GBX) decides to list 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 Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  5. SmartPayMINT

    XRP SmartCards Limited Edition

    New Limited Edition 100 XRP SmartCards Available from www.SmartPayMINT.com
  6. riccardoventurini88

    XRP Profit Calculator

    This is a simple XRP profit calculator. This tool enables you to quickly find out the future balance of your XRP holdings.
  7. Good morning all! Have you recently heard about Ripple? Are you deciding if you should invest some of your hard-earned money in XRP? Or have you been around for many years, holding and enjoying the recent price rises? Whoever you are and where ever you're from, it is important to keep up-to-date and know exactly what you're investing in so you can make sound decisions, and not be swept away in the feverish torrents of hype that do so often engulf the crypto space. So I will be posting a few videos and links here from around this wonderful forum, Youtube, and various other places around the interweb so good folk like to can refresh your knowledge on all things Ripple. At the end, there will be an exam, and if you fail that exam @karlos will ban you from the internet, there may even be a few fun little quiz questions you can ask your soon-to-be-estranged friends around the dinner table at Christmas, or yourself at 4 o'clock in the morning as you sit rocking in front of your screen watching charts. Because who ever said crypto wasn't a healthy social experience!? So without further ado, pull up your socks, pour an alcopop and put down your fidget spinner, because I have just the video for you -- "Ripple Tech Talk: Understanding Consensus (Mar 2015)" by in-house genius @JoelKatz (Length: ~60 mins; Difficulty: 3/5; Importance: High)
  8. Hello Xrp Chat community! I imagine there are some members who are working on XRP-related projects here and I'm genuinely curious what you're working on (or what you're excited about). I was reviewing the XRP Ledger documentation and I was astonished by the depth of the technology and have been wondering about possibilities of what to build. In a way I'm looking for some inspiration or perhaps a project that I could help out with. Please share what's unique or special about your project
  9. Blog URL: https://xrpcommunity.blog/helping-others-with-our-xrp/ XRP is being used to donate to charities at a very fast clip using the ultra-easy XRP Tip Bot; I cover these philanthropic efforts along with the latest XRP news in today's blog! 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: U.S. Congressman Warren Davidson confirms he'll re-introduce the Token Taxonomy Act in the new session. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Kuwait Finance House (KFH) announces their new 'Instant International Transfer' service runs on Ripple. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: @nixerFFM (Twitter handle) takes a shot at integrating the XRP Tip Bot with Google Assistant; The Good Souls Group (GSG) standardizes their charitable giving and adds an automated Twitter bot; Exxir, the Iranian-based crypto on-ramp, pledges to add XRP support; NFC Walletcard jumps into the crypto ecosystem with support for all secret keys including XRP; and the Norwegian Block Exchange (NBX) says it is 'highly likely' that XRP will be supported; 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
  10. Hi all xrp enthusiasts, I have a question I couldn't find in discussions about the 20 xrp needed to open an account on the ledger, which are blocked after the account creation. First let's dream and say all humans on Earth decide to open an account on the ledger. it means 7 billions accounts for 140 billions xrp total (7billions people * 20xrp) which is more than the 100 billions xrp out there. Now let's go back to reality, when I am writing now, there are 1 347 165 accounts which means 26 943 300 xrp are hold in the ledger forever. With a growing utilisation it means that more and more xrp will be blocked. I know there is the possibility to vote to lower the need of xrp blocked on each new account but even with this, if there are 100 times more accounts in the future, it means that about 2 to 3 billions xrp will be hold on the ledger which is about 3% of all xrp, that sounds a lot to me. Is there further thinking in this ? I mean it seems like the xrp isn't made right now for a global use. If the account opening cost was about 1 xrp it would be more realistic on a global human scale, because it would mean about 7 billions xrp blocked on the ledger dedicated to account opening. Also don't forget some people could want several different accounts. It's also possible that if in the future xrp costs more, the account opening will become very expensive in fiat money. These are just some questions I was wondering about because of a possible online wallet business I could make where every users would have their own xrp accounts. Basically a service for simple xrp account creation and managing but not in the way exchange do it, because exchanges actually use 1 to 10 accounts on the ledger and then manage it internally. My purpose was to let people have their own xrp account but I guess such a service would dramatically block a lot of xrp. Thanks for reading, I hope I was clear. Regards.
  11. Hodor

    Own Your XRP

    Blog URL: https://xrpcommunity.blog/own-your-xrp/ In my 1st blog in 2019, I discuss the importance of coin ownership & cover the latest news! 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: Own your coins to make sure the demand is reflected in price! 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Cory Johnson makes an appearance at Cornell's latest Entrepreneurship Summit in NYC. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: The XRP Community API expands its features and capabilities; Coinmetro adds support for XRP; and Bitrue adds 5 base pairs against 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 Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  12. This is not a "normal" topic and may hurt some susceptibilities! Using the "Load More" functionality i created an automation to extract all messages still available from Zerpbox history. I have no intention to reveal the messages. My goal here is to cognize how obsessed zerpbox regular users were with that pathological, yet catchy, phenomenon called the $589 EOY 2018 xrp price prediction! The table below tries to order Zerpbox users with 4 or more messages referencing the amount "589" in the last 5 months. The assortment made (see Ratio column) corresponds to the number of $589 EOY related messages divided by the total number of messages written by the user in the period. The purpose of this assortment is to evaluate how frequently each Zerpbox user used this prediction in that chat box. To my experience Zerpbox users are, mostly, benign to the xrp ecosystem but we have a handful of fudsters. I believe some used this prediction as a shotgun, others were, most likely, obsessed and the rest was simply ridiculing the prediction:
  13. zerpian

    Staking XRP

    Ok, why would this not be possible? Ripple has a huge pile of xrp to distribute (to sell). This will take several years (ages) and creates a tax burden. The escrow is missing its purpose. It was meant to assure the markets that Ripple would not dump xrp. I have never had any concerns about this and technically they still can dump a huge amount if wanted. There are about 6,7 B undistributed and non-escrowed XRP’s. Secondly, the distribution predictability was based on an assumption that half of the escrow (500M) would be sold. We’re not even close to that figure, despite an excellent 2018 in terms of sales, we’re at 166M per month on average. Staking is actually nothing more than accruing interests on a currency. XRP whether you call it bridge-currency, crypto-..it’s a currency. Is it then abnormal to get interests on a currency you hold? We know from the past Ripple tried different strategies to distribute xrp and is thus admissible for such ideas. We also know that Ripple changed a few times of strategy regarding xrp. There is nothing wrong with this because they are pioneers in uncharted territories. Practically this could be done by distributing interests proportionally to the holdings in a wallet (excluding some wallets), but in the reverse order. The wallets with lesser amounts get higher percentage. A secondary condition can be added like ‘holding at least 6 months’. It can start as a pilot project on e.g. 1000 wallets to see the effects. Remember that xrp is not Ripple’s propriety but belongs to all of those having a ‘stake’ in the ecosystem. If we can get behind this idea, we can push it like the community did for a new logo. The next hurdle is going to be regulation. When that is resolved, there is nothing going to stand in front. In preparation for those years, let’s accelerate xrp’s distribution. In the last bear market (2013-2017) Ripple did not much for xrp e.g Coinbase has been in the market since 2012. Why has it suddenly become important in 2017. Another example, Ripple could have insisted to list xrp as base currency on several exchanges during the bear market. So let’s not miss THIS bear market.
  14. https://blockmanity.com/news/exchanges/xrp-added-as-a-base-pair-on-binance-tron-trx-and-zcoin-xzc-to-be-the-first-two-pairs/
  15. Guava Digital Assets Exchange NIGERIA'S PREMIER DIGITAL ASSET EXCHANGE We help people learn about, invest in and manage digital assets About Us Making guava as user-friendly as possible was one of our primary aims The vast majority of digital assets are stored in off-line vaults; our platform is in use by over thirty organizations and has never been hacked We will continue to streamline our processes to give you the fastest cash deposits & withdrawals possible We built guava for everyone. It works just as well on mobile devices as it does on desktops When you need help, reach out to our friendly support staff who are always ready to guide you through Holiday Bonus!! We are currently offering our first set of users before the new year ZERO FEES on all XRP trades on the Exchange Buy Now! How it works in 3 easy steps Sign up for a free guava wallet and then complete our super easy verification process Send money to your account from all major banks in Nigeria Buy some XRP and start participating in the digital economy. Sign Up Now!
  16. Blog URL: https://xrpcommunity.blog/xrp-the-new-economy/ XRP's decentralized ecosystem is about to the change the world's economy! Discover why, and learn about the latest crypto news in my latest blog: 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: The last AMA of 2018 with Brad Garlinghouse is scheduled for Tuesday, December 18th; Akbank, the highest-profile bank in Turkey, signs with Ripple; R3's selection of CordApps fascinates XRP fans; Israel's largest financial services company signs with Ripple; 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: @xRpTo_O (Twitter handle) updates his Siri code to support a random donation via the XRP Tip Bot; The second-largest exchange in Germany rolls out the Bison mobile application with XRP support; and Travala, a crypto travel site, adds support for 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 Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  17. We feel your pain Elon! SEC always being a fun sucker.
  18. Blog URL: https://xrpcommunity.blog/paper-tigers-and-real-bears/ In today's blog, I separate the paper tigers from the real bears, and go in-depth on the latest crypto market downturn, along with some of its causes and effects. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: SBI and R3 form a joint company starting in January; PC Mag interviews Asheesh Birla; and Brad Garlinghouse provides his perspective on Ethereum project contractions. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: David Schwartz describes how ILP has joined all new Cosmos blockchains, along with Ethereum. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: I describe possible technical improvements for an "XRP 2.0"; The XRP Community API is upgraded to provide real-time API data from 27 exchanges; and a new fan video summarizes the IMF's positive position on digital assets using a comedic technique. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  19. https://www.coindesk.com/clayton-sec-ico-funding-security-offering The SEC chairman spoke in his personal capacity at Consensus: Invest. The excerpted non-answer-answer was specific to in temporal proximity to a mention of XRP's status.
  20. Blog URL: https://xrpcommunity.blog/finding-the-common-ground/ All the latest news about XRP is in my latest blog - as well as why finding common ground is crucial for the cryptomarket! 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple forms an unlikely alliance with NEM to found a European lobbying organization, Blockchain for Europe; R3 updates Corda to use XRP for settlement upon request; Cory Johnson provides his insights on a panel interview on Decentralization; and Amex shares details of a Ripple technology pilot. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Solstice, a service owned and operated by an XRP Community supporter, upgrades its Aurora ILP service to utilize Kava Lab's Ethereum-XRP plugin. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: An XRP fan integrates the XRP Tip bot with Siri, Apple's AI; The seventh largest crypto exchange adds support for XRP; A new member of the 'default' UNL for XRP provides his perspective on contributing as a validator; The creator of the XRP Community API contacts me directly and updates the API with new, real-time features. Hope you enjoy the read: Please feel free to share my blog on any other platform you wish - and thank you 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
  21. 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
  22. ...is xrp's potential for being used as "reserves." I came across this article that discusses the concept of "forex reserves:" http://www.nbdpress.com/articles/2017-06-08/2632.html Before reading this article, I've heard the concept of xrp "reserves" being purchased by individual companies or market makers as a tool for managing risk and being able to profit from volatility. (source: _https://www.xrpchat.com/topic/5280-valuation-models-xrp-the-digital-currency-vs-ripple-the-company/?do=findComment&comment=50182_) The concept was always part of a larger topic, and I guess I made a mental note and just kind of said to myself "Well, yeah, that would be cool. I wonder if that would happen with a large retailer like Amazon that does international commerce." I left it there in my thinking, like a shiny bauble that might get my attention again at some point in the future. After all, I'm focused on the big fish - the possibility of RCL taking over for SWIFT. And then I read a simple group of words from this article, and realized I'd been missing the power of a concept all these years. Here's the snippet: Did you catch that amount of USD that China uses for the sole purpose of ForEx? 3.05 trillion. The Concept Nation-state federal reserves will usually carry the main unit of currency used to make ForEx transfers. And currently, US Dollars are the de-facto currency used to do those transfers. What is SAFE? (source: https://en.wikipedia.org/wiki/State_Administration_of_Foreign_Exchange) USD is Currently King of Reserves So how do we arrive at how much USD some other countries might just "store?" To do this, we need to compare the relative size of China's economy with other nations, and do the multiplication. Let's do this with a few different countries where Ripple has already established trade pairings: GDP of China: 11,218,281 ---> 3 trillion in reserves Japan: 4,938,644 ---> 1.3 trillion in reserves? UK: 2,629,188 ---> .7 trillion in reserves? India: 2,256,397 ---> .6 trillion in reserves? South Korea: 1,411,246 ---> .37 trillion in reserves? Basically, we can roughly estimate that these combined countries store approximately 6 trillion USD in reserves. Also, consider the fact that I'm not even considering businesses within these countries. Large companies tend to want to keep their own reserves of USD for exchange as well. And these companies can store very large quantities of USD in their corporate treasuries as well. I don't *think* nations would ever store a digital asset issued by a private company as a reserve, or if they did, it would be for boutique purposes most likely. A more likely scenario under the current system would be central reserves creating their own IOU on RCL. However, we can use the concept of "reserve" to understand how very large companies might want to snap up XRP at large quantities. So now, go back to the articles here on XRPChat where JoelKatz was talking about the concept of "reserves," and now three of his points should make more sense: (source: _https://www.xrpchat.com/topic/5280-valuation-models-xrp-the-digital-currency-vs-ripple-the-company/?do=findComment&comment=50182_) This is the way currency "reserves" work now for nations - and for large companies - and it is a very exciting prospect for XRP! What About the Future For World Reserve Currencies? There is a possibility that XRP could play a role in national reserves: In an exciting development, a report by the UN Conference on Trade and Development calls for abandoning the US Dollar s the single reserve currency. It says that the new reserve system should (Source: http://www.reuters.com/article/us-dollar-reserves-un-idUSTRE65S40620100629 ) The report goes even further: IMF Connection to Ripple So now we see the connection to the IMF, and now we can understand much better what Chris Larsen (and Ripple's) role *might* involve with the IMF Advisory Committee. If the SDR's are going to operate using a "basket of currencies", what technology do you think is best for representing that basket using an IMF-backed, redeemable IOU? Seriously? This type of usage couldn't be a better fit for RCL and XRP. Is your crypto portfolio on the right side of history? ###### DISCLAIMERS ###### THIS IS NOT INVESTMENT ADVICE PLEASE DO NOT TRADE CRYPTO WITH LEVERAGE I DO NOT HAVE ANY INSIDE INFORMATION I STILL OWN MTG CARDS
  23. Blog URL: https://xrpcommunity.blog/digital-assets-are-here-to-stay/ Digital Assets are here to stay! Find out about it and all the major news affecting XRP in my latest blog: 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Fleetcor may purchase Western Union Business Payments; Marcus Treacher gives a great overview of how Ripple is solving cross-border payments; and an electrifying Ripple Drop episode from Ripple zooms in on the sharing economy use case. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Coil takes over where Ripple left off, and teams with the Bill and Melinda Gates Foundation. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: You can 'roll your own' escrow using the XRP Tip Bot application; Two decentralized exchanges add support for XRP, along with one centralized exchange; 'Thinking Crypto' releases an Omni deep dive with Tom McLeod; and now you can buy beer with your zerps... in Serbia! I hope you enjoy the read: please feel free to share my blog on whatever platform you wish - and thank you for doing so! Links to my blog announcements 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
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