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Santander, AMEX, Ripple


Tehol_Beddict
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8 minutes ago, OrangeRipple said:

Does the price movement on XRP ever make sense?

BTC and BCH will soar from nothing but XRP makes a landmark announcement and we get a moderate blip

Just HODL (and maybe diversify), Ripple continues to impress

1

You have to understand that there are 100-billion XRP in existence vs 12+million Bitcoin. We won't see that "Moon spike" everybody keeps talking about until we have more liquidity and adoption of XRP.  1st things 1st, and that is getting banks, Central banks, Fis, etc on the Ripple network and using xCurrent first.

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Just now, IEDave said:

Just another pump and dump. XRP is not needed or being used!

 

The American Express project is restricted to a "pure" blockchain that doesn't require a cryptocurrency.

Explain?

Multiple sources have stated that Amex is being used on RippleNet- not ILP or another Ripple product. They also state that they are currently exchange assets at a fixes or 1:1 ratio with a roadmap to use XRP directly or indirectly via pathfinding/ MM

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1 hour ago, Mercury said:

First of this is on RIPPLENET. Not ILP or other Ripple product.

RippleNet is an umbrella term for ripple products. Sounds nice from marketing perspective and is vague enough to thwart any questions re: is it on RCL or ILP, also you can technically say it's blockchain based, so it's good for publicity and corporate media (who neither have time or desire to enquire how much blockchain is used in that case). 

From coindesk's article: "

Treacher said the SEB platform has already conducted $630 million-worth of transactions since it launched into production in Q2 of this year.

While that project is advancing and is able to transact in nine seconds or less, according to Treacher, it is for now — like the American Express project — restricted to what he calls a "pure" blockchain that doesn't require a cryptocurrency.

What both these projects have in common is "a direct connection," he said. "There's no intermediary cryptocurrency."

So what Amex is using is xCurrent, which is a purely ILP-based solution. 

1 hour ago, Mercury said:

It will be on ledger- we can track it and there is a strong chance of XRP being touched in the future.

You could technically argue, that all of Ripple partners will end up on ledger (the question is, which ledger is still wide open) and it is planned to touch XRP. Eventually. Soonish. But not now. 

 

1 hour ago, Mercury said:

Corporate card services

"According to Treacher, the integration routes non-card payments through the shared payment network for nearly instant, auditable cross-border payments."

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35 minutes ago, Sancho said:

“Transfers that used to take days will be completed in real-time, allowing money to move as fast as business today,” said Brad Garlinghouse, CEO of Ripple, and “we look forward to growing this partnership to help other American Express FXIP customers.”

“It is just the beginning,” he concluded.

 

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https://www.coindesk.com/american-express-opens-first-blockchain-corridor-ripple-tech/?utm_content=buffer3b967&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

"Where these two come together is that as banks and users of banks, like American Express, adopt Ripple and start to connect up, XRP becomes an option they can use for liquidity purposes," he said, concluding:

https://www.cnbc.com/2017/11/16/american-express-santander-team-up-with-ripple-on-blockchain-platform.html

"The technology we have developed, it separated a connection from the cryptocurrency or the token. So what that means is that a bank or non-bank like AMEX can use Ripple to connect and just exchange value from one fiat currency to another directly, without the need for any intermediate blockchain currency."

 

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3 hours ago, Ripplezzzz said:

"The XRP currency will come into play later on in the evolutionary dynamics and the other players," Marcus Treacher, global head of strategic accounts at Ripple, told CNBC in an interview.

"The technology we have developed, it separated a connection from the cryptocurrency or the token. So what that means is that a bank or non-bank like AMEX can use Ripple to connect and just exchange value from one fiat currency to another directly, without the need for any intermediate blockchain currency."

"Where these two come together is that as banks and users of banks, like American Express, adopt Ripple and start to connect up, XRP becomes an option they can use for liquidity purposes," Marcus Treacher said, concluding:

"And that's where it really comes to life."

https://www.coindesk.com/american-express-opens-first-blockchain-corridor-ripple-tech/

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in other words, they have to connect the banks directly first, then once you have a network big enough, xrp becomes an option, and then as some decide to use it, it improves xrp liquidity, and thus xrp becomes a more attractive option, and so on and on, until the network effect snowballs and xrp is a "standard" of sorts

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1 minute ago, zerpdigger said:

in other words, they have to connect the banks directly first, then once you have a network big enough, xrp becomes an option, and then as some decide to use it, it improves xrp liquidity, and thus xrp becomes a more attractive option, and so on and on, until the network effect snowballs and xrp is a "standard" of sorts

Exactly, I don't understand why people get hung up on saying its not using XRP, no mention of XRP etc. Position your chess pieces first, then go for check mate

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