So far nothing, only bad news for XRP actually

[popeji]

Although I liked the enthusiasm of the Thai representative, so far I've heard nothing that would make me think buying XRP is a good investment. The guy from Santander basically said that they aren't even considering using XRP. Even the SBI Ripple guy was stating that the great thing about Ripple is the fact that they banks don't have to use XRP.

[Guest]

5 minutes ago, popeji said:

Even the SBI Ripple guy was stating that the great thing about Ripple is the fact that they banks don't have to use XRP.

Yep that IS the great thing.  Otherwise Crypto coin is a no-no for most big institutions.  So this way they can start getting the benefits of interledger operations and later when the first movers have proved the use case they have no tech barrier to taking that last step into XRapid using XRP.  

[Vacek_aka_Luschka]

6 hours ago, Tinyaccount said:

Yep that IS the great thing.  Otherwise Crypto coin is a no-no for most big institutions.  So this way they can start getting the benefits of interledger operations and later when the first movers have proved the use case they have no tech barrier to taking that last step into XRapid using XRP.  

so 3-5 years for everyone hodling has not changed

[Guest]

Veem is using XRP... Not a bad announcement

[ripplegigolo]

Payment routes for poor countrys...using xrp...bad news? Have I misunderstood this?

[ripplegigolo]

Bernanke negative statements about the whole idea behind Bitcoin...bad news?

[ripplegigolo]

Bernanke positive to Ripple tech and coop with regulators...bad news?

[Sharkey]

 

14 minutes ago, ripplegigolo said:

Payment routes for poor countrys...using xrp...bad news? Have I misunderstood this?

 

13 minutes ago, ripplegigolo said:

Bernanke negative statements about the whole idea behind Bitcoin...bad news?

 

12 minutes ago, ripplegigolo said:

Bernanke positive to Ripple tech and coop with regulators...bad news?

Well said X 3. 

[RLP18PharmD]

I'm actually glad that XRP has not shot up. Reason being is that you have a lot of folks out there who just want to make a quick buck or two. This way the shorts who were expecting a sharp rise have to move on else where. I recommend they move on to BTC...think they have another fork at the end of this month and in November.   I would much rather XRP skyrocket unexpectedly and minimize opportunistic shorts.

[popeji]

57 minutes ago, RLP18PharmD said:

I'm actually glad that XRP has not shot up. Reason being is that you have a lot of folks out there who just want to make a quick buck or two. This way the shorts who were expecting a sharp rise have to move on else where. I recommend they move on to BTC...think they have another fork at the end of this month and in November.   I would much rather XRP skyrocket unexpectedly and minimize opportunistic shorts.

Please dont use the term short in the wrong way. Besides what is wrong with a quick buck? Is everyone else here for purely philantrophic reasons?

[GiddyUp]

5 hours ago, ripplegigolo said:

Payment routes for poor countrys...using xrp...bad news? Have I misunderstood this?

Yes! I completely agree that the importance of this development is being largely overlooked - just think what is going to happen when these millions of people realize they can send and receive money instantly, especially from other countries. It's going to be tremendous, IMO...

If @mars75 is on, can you speculate with me for a minute about the implications of the Bill and Melinda Gates foundation partnerships? I looked up Mojaloop, which led me to the Dwolla website, where on their API page, they said this "We tokenize high-value data in the financial transaction and partner with industry leaders to help protect your identity and your money." 

I could find no indication that Dwolla has their own "token", which led me to believe that since Ripple is a partner in this endeavor, then XRP might be the "token" for cross-border transactions? They use "Plaid" but this doesn't seem seem like the whole story...

From Wikipedia: "Remittances to India are money transfers from non-resident Indians (NRIs) employed outside the country to family, friends or relatives residing in India. India is the world's leading receiver of remittances, claiming more than 12% of the world's remittances in 2015. Remittances to India stood at US$68.91 billion in 2015, accounting for over 4% of the country's GDP."

What say you, detectives? 

[Guest]

I liked the discussion of the customers regarding the usage of Ripple network that has been taking place right now until they started discussing XRP. Quite discouraging 

[jag216]

The question was just fielded from the audience with the first mover panel regarding cryptocurrencies and ILP. The banks have all said, basically, that because cross-border value transfers involve not just one regulator but multiple regulators there is some apprehension with banks using bridge currencies and the ILP messaging platform is already such a boon to the system that they don't foresee bringing an additional cryptocurrency into the mix for at least another 2-3 years when regulation is in place to support the role of the currency. No one wants to invest time and energy into using XRP and then find themselves on the wrong side of regulation.

So day traders - should probably move on?

My thought is that this is not bad per se, this is the crawl before we walk, and key relationships are going to be with regulation - Santander just confirmed that for nostro accounts is WOULD be helpful to rework that system but there are regulatory and compliance changes that need to take place. And a nod to using AI to regulate the technology was a great point brought in by SBI.

Conversation starts here: 

 

Edited October 17, 2017 by jag216
include my opinion

[ThomasV]

6 minutes ago, jag216 said:

The question was just fielded from the audience with the first mover panel regarding cryptocurrencies and ILP. The banks have all said, basically, that because cross-border value transfers involve not just one regulator but multiple regulators there is some apprehension with banks using bridge currencies and the ILP messaging platform is already such a boon to the system that they don't foresee bringing an additional cryptocurrency into the mix for at least another 2-3 years when regulation is in place to support the role of the currency. No one wants to invest time and energy into using XRP and then find themselves on the wrong side of regulation.

So day traders - should probably move on?

My thought is that this is not bad per se, this is the crawl before we walk, and key relationships are going to be with regulation - Santander just confirmed that for nostro accounts is WOULD be helpful to rework that system but there are regulatory and compliance changes that need to take place. And a nod to using AI to regulate the technology was a great point brought in by SBI.

Conversation starts here: 

 

YUP,  time to go back to sleep and wake up in a year.  (In the meantime keep promoting)  At least 1 year out based on those comments. Listen to the comments from the Bank out of India.  I still think India hedged it's answer and may be the first one to move. 

[snub-fighter]

7 minutes ago, jag216 said:

The question was just fielded from the audience with the first mover panel regarding cryptocurrencies and ILP. The banks have all said, basically, that because cross-border value transfers involve not just one regulator but multiple regulators there is some apprehension with banks using bridge currencies and the ILP messaging platform is already such a boon to the system that they don't foresee bringing an additional cryptocurrency into the mix for at least another 2-3 years when regulation is in place to support the role of the currency. No one wants to invest time and energy into using XRP and then find themselves on the wrong side of regulation.

So day traders - should probably move on?

My thought is that this is not bad per se, this is the crawl before we walk, and key relationships are going to be with regulation - Santander just confirmed that for nostro accounts is WOULD be helpful to rework that system but there are regulatory and compliance changes that need to take place. And a nod to using AI to regulate the technology was a great point brought in by SBI.

It is certainly a responsible approach.  Im no financial guru by any means but I would still consider the idea that there are opportunities out there for XRP to be integrated today.  Assuming, and this has been stated, that ripple builds inside current regulation and promotes Ripple/XRP that way.  Under this, as more FI's adopt XRP and Ripple ledger it creates weight for regulation to run parallel to current and future trends.    Having Ripple/XRP adopted only helps regulation find a framework to work with.

IMHO