kanaas Posted October 18, 2017 Share Posted October 18, 2017 15 minutes ago, jumperabv3 said: I can't see any reason why the banks won't automate payments and make them fully traceable - it's the near future. About time we stop using wires that cost $30 - $50 per transaction, the banks know they can't do it like this anymore. That's also why I kinda see those statements from bankers (panel yesterday at Swell) as b***s*** Payments and banking is converging rather fast right now and with rules like EU/PSD2 coming in action, payment providers will have access to client accounts on banks, specific for payments. Banks will have to anticipate if they wanna keep their payments market going, what means that they will have to buy some or to compete straight with them. Parts of tech that can play a role in efficiency and/or cost will become more important and XRP is such a part of tech .... obviously... Link to comment Share on other sites More sharing options...
KarmaCoverage Posted October 18, 2017 Share Posted October 18, 2017 Here is a little write up I did on the IoV a few months ago. IoV aka RippleNet, and how I figured ILP and RCL are being combined to enable an IoV. Gatewayd turned into RippleConnect, that I think is now rebranded to Xcurrent... anyone? WillGetThere 1 Link to comment Share on other sites More sharing options...
CryptoLearner Posted October 18, 2017 Share Posted October 18, 2017 (edited) 7 hours ago, Streamliner said: I think that the integration and usage of ILP actually is a use case for XRP. The question though -- is when will whatever use case raise the price of XRP tokens if people are selling them on exchanges? When will the use cases of XRP ASIDE FROM EXCHANGES, actually contribute to its price rising? Edited October 18, 2017 by CryptoLearner Link to comment Share on other sites More sharing options...
RegalChicken Posted October 18, 2017 Share Posted October 18, 2017 (edited) 6 hours ago, prkzingis said: 13. Oct - Ripple Rolls Out $300M RippleNet Accelerator Program to Grow Volume and XRP Utility16. Oct - Five hours of private meetings17. Oct - Five hours of private meetings18. Oct - Five hours of private meetings They don't talk about climate changes on those meetings This RippleNet Accelerator Program is real big guys, I'm telling you!!! Nothing happens overnight, just be patient if you belive in this project. And If you don't, just sell everything you have and invest in something you belive in. BRB, backing the truck up to load more XRP for the long haul. Edited October 18, 2017 by RegalChicken Link to comment Share on other sites More sharing options...
cmbartley Posted October 18, 2017 Share Posted October 18, 2017 6 hours ago, tulo said: I think ILP is much more innovative and powerful than XRP and it really has huge potential. Unfortunately I see XRP only as one of the many possible decentralized crypto that can operate in ILP. It surely has big advantage over others (speed and cost), but yet real decentralization and TPS were not confirmed/tested properly. I think more crypto will join in the future with better properties than XRP as bridge currency. But I might be very wrong. ILP is an interoperabilty protocol that any ledger will be able to connect to also as uses the requisite cryptographic primitives. So yes, XRP will be on there like you said. Agree that some competitive cryptoassests may emerge but it will be hard for them to build as much liquidity as XRP. Logchain and vickyhunter 2 Link to comment Share on other sites More sharing options...
kanaas Posted October 18, 2017 Share Posted October 18, 2017 3 hours ago, JoelKatz said: I think it's a turning point that we've been heading towards for a long time. But it's definitely possible that the incentive made an immediate difference. @JoelKatz What are mainly the kind of partners wanting to jump in the XRP accelerator program? Are this MarketMakers/liquidity providers? Or payment service providers? Or banks/FI's? Or exchanges/gateways? Others I couldn't think of? Those you mentioned as FOMO were they a by Ripple forgotten/overseen group? Link to comment Share on other sites More sharing options...
tulo Posted October 18, 2017 Share Posted October 18, 2017 5 minutes ago, cmbartley said: ILP is an interoperabilty protocol that any ledger will be able to connect to also as uses the requisite cryptographic primitives. So yes, XRP will be on there like you said. Agree that some competitive cryptoassests may emerge but it will be hard for them to build as much liquidity as XRP. Well actual XRP liquidity is zero... But I agree that being a company with lots of XRP, it's easier for them to provide liquidity incentives. missdaboat 1 Link to comment Share on other sites More sharing options...
cmbartley Posted October 18, 2017 Share Posted October 18, 2017 Also, remember that an ILP that requires you to use XRP makes no sense. It'd be like an internet protocol that requires you to use one ISP. The point is that none of the crypto assets can interoperate with the real world in any meaningful way until the interoperability protocol is broadly disseminated. XRP cannot be used broadly until the rails are in place and no everyone is going to build on Ripple rails. In fact, XRP's crypto market share could go down but if the market grows by 100x then XRP could still appreciate. RLP18PharmD, jpgt1 and tomb 3 Link to comment Share on other sites More sharing options...
cmbartley Posted October 18, 2017 Share Posted October 18, 2017 Just now, tulo said: Well actual XRP liquidity is zero... But I agree that being a company with lots of XRP, it's easier for them to provide liquidity incentives. XRP liquidity may be low but liquidity on Korean exchanges is high. Increasingly you'll need to look to exchanges for liquidity. Ripple doesn't want to pollute the ledger in individual p2p trades. Look for XRP payment volume to increase between exchanges with XRP fiat pairs. Agree that liquidity needs to be 100 or 1000x higher as Patrick Griffin said. That's one of the reasons I'm no so troubled by Stellar for which there's even less liquidity. tomb and RLP18PharmD 2 Link to comment Share on other sites More sharing options...
jumperabv3 Posted October 18, 2017 Share Posted October 18, 2017 1 hour ago, kanaas said: That's also why I kinda see those statements from bankers (panel yesterday at Swell) as b***s*** Payments and banking is converging rather fast right now and with rules like EU/PSD2 coming in action, payment providers will have access to client accounts on banks, specific for payments. Banks will have to anticipate if they wanna keep their payments market going, what means that they will have to buy some or to compete straight with them. Parts of tech that can play a role in efficiency and/or cost will become more important and XRP is such a part of tech .... obviously... Many banks have joined the Ripple technology already but I think what keeps the Ripple price down is the wish to keep the costs to minimum ... still, if banks used to make $30 from every wire transfer - then the current costs of transferring XRP from one wallet to another are a fraction of a cent ... ! It definitely has to go up if you ask me, but markets get manipulated all the times ... I totally agree with you tough, the shift is towards the new technology. And this is not a new invention - PayPal used to do it but PayPal doesn't have the flexibility banks have (provide credit, loans etc.) - so Ripple would put the way we transfer money into a new era, that's why many believe in it I think. Link to comment Share on other sites More sharing options...
cmbartley Posted October 18, 2017 Share Posted October 18, 2017 And let's not forget that every bank that implements xCurrent also has ILP on board regardless of whether they're using it to pay via crypto. Hyperledger is integrating ILP. So FIs on both networks will be able to interoperate. That increases the opportunities for payments via crypto. At the end of the day, I just don't see any other crypto making as much mainstream progress as Ripple. One may be disappointed by the conference, but what alternatives are there beside speculative cryptos with unclear uses? Trisky, RLP18PharmD, tomb and 4 others 6 1 Link to comment Share on other sites More sharing options...
Hodor Posted October 18, 2017 Share Posted October 18, 2017 8 hours ago, Streamliner said: Please correct me if I'm wrong @JoelKatz, @Hodor, @Xrphunter,@cmbartley I see so many people just fixated on the price of XRP during the SWELL conference. However, the focus of SWELL is not actually on XRP but on ILP!!! Ripple's strategy is to promote the usage of ILP as much as possible - Look at the announcements like: - Ripple kicking off SWELL with announcement of Bill Gates Foundation / Mojaloop being integrated with ILP - Conference day 2 discussion among Ethereum, Hyperledger, Ripple etc. predominantly on interoperability (i.e. ILP) - Inviting Sir Tim Berners-Lee to speak. He who created HTTP (the Internet) emphasizing the need for something like the ILP (the Internet of Value). He mentioned ""Yes, it's going to be exciting when two banks can connect through [Ripple's] Interledger Protocol and then you will actually be able for the first time to send money back to your family in Cuba or in Haiti without having to go through some horrible guy on the corner who rips you off. So you look forward to that," said Berners-Lee." (source: https://www.americanbanker.com/news/sir-tim-berners-lee-warns-fintech-developers-to-consider-consequences) - Hyperledger announcing that their Quilt will be fully implementing the ILP for their blockchain efforts. - Stefan Thomas on many occasions emphasizing ILP much rather than XRP. When Brad said "Ha. You think I’m gonna let the cat out of the bag today?" when asked about significant announcements during SWELL, I think he was probably referring to more partnerships to integrate the ILP and not announcements that would just impact the price of XRP. This is what Ripple may be thinking: 1. Promote ILP as much as possible so that the entire world pretty much uses it. SWELL being used to try find new partners who will join in on the ILP interoperability. So kicking things off by "Bill Gates joined us on ILP!!! So you have a think about it too why it may be useful for you!! 2. Make damn sure that XRP stays the best bridging currency within the ILP. Ripple created the ILP so they will always be focused on making sure that XRP tech is on top of the game in the open-sourced ILP. People who just see XRP price drop during SWELL is not seeing the bigger picture here. I actually like your analysis of what points they're emphasizing. I think there is some truth to your assessment, definitely! Good analysis. Skippy 1 Link to comment Share on other sites More sharing options...
tulo Posted October 18, 2017 Share Posted October 18, 2017 1 hour ago, cmbartley said: XRP liquidity may be low but liquidity on Korean exchanges is high. Increasingly you'll need to look to exchanges for liquidity. Ripple doesn't want to pollute the ledger in individual p2p trades. Look for XRP payment volume to increase between exchanges with XRP fiat pairs. Agree that liquidity needs to be 100 or 1000x higher as Patrick Griffin said. That's one of the reasons I'm no so troubled by Stellar for which there's even less liquidity. XRP liquidity on Korean exchanges cannot be used on ILP, so useless for Ripple environment (i.e. banks cannot use it for cross border payments). WillGetThere 1 Link to comment Share on other sites More sharing options...
Brokedownpalace Posted October 18, 2017 Share Posted October 18, 2017 10 hours ago, Parabellum said: I want to see proof, or at least strong clues that XRP will be utilized in the constellation of ILP. This was the main criticism of ILP whenever it was announced, and it still stands in my view. Until then, I consider it by far more likely XRP will not be used. As said several times before: XRP is not necessary for Ripple to succeed, and let us not forget that. Xrp price rise is necessary for Ripple to succeed. Not necessary tho for Ripple to limp. Ripple shareholders do not want to limp Link to comment Share on other sites More sharing options...
RafOlP Posted October 18, 2017 Share Posted October 18, 2017 It is and it always was about XRP. Without XRP ripple is another b2b software provider that is kind of cool. tomb and Parabellum 2 Link to comment Share on other sites More sharing options...
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