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zerper

Dispelling The FUD In One Picture

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1 hour ago, zerper said:

Given the recent price action of XRP, both up and down, the FUD train has been in full effect. About a month ago I started compiling a list of the fundamentals behind Ripple/XRP to throw at all the naysayers. I shared a hasty version on /biz/ which I've since seen screenshotted and reshared on multiple venues (Twitter, Reddit, Etc). 

I took some time tonight and actually made it clear, concise, and sourced. Feel free to steal and share at your leisure. (I also uploaded it to IMGUR: https://imgur.com/Y6IFcwi)


 

xrpfundamentals.jpg

Thanks!

So.....61 banks are currently on target to use xrp in February?  Only a few more weeks and we can put that whinging to bed?

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4 hours ago, zerper said:

Given the recent price action of XRP, both up and down, the FUD train has been in full effect. About a month ago I started compiling a list of the fundamentals behind Ripple/XRP to throw at all the naysayers. I shared a hasty version on /biz/ which I've since seen screenshotted and reshared on multiple venues (Twitter, Reddit, Etc). 

I took some time tonight and actually made it clear, concise, and sourced. Feel free to steal and share at your leisure. (I also uploaded it to IMGUR: https://imgur.com/Y6IFcwi)


 

xrpfundamentals.jpg

Excellent!

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6 hours ago, zerper said:

Given the recent price action of XRP, both up and down, the FUD train has been in full effect. About a month ago I started compiling a list of the fundamentals behind Ripple/XRP to throw at all the naysayers. I shared a hasty version on /biz/ which I've since seen screenshotted and reshared on multiple venues (Twitter, Reddit, Etc). 

I took some time tonight and actually made it clear, concise, and sourced. Feel free to steal and share at your leisure. (I also uploaded it to IMGUR: https://imgur.com/Y6IFcwi)


 

xrpfundamentals.jpg

Very nice well done. Thank you 

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13 hours ago, zerper said:

Given the recent price action of XRP, both up and down, the FUD train has been in full effect. About a month ago I started compiling a list of the fundamentals behind Ripple/XRP to throw at all the naysayers. I shared a hasty version on /biz/ which I've since seen screenshotted and reshared on multiple venues (Twitter, Reddit, Etc). 

I took some time tonight and actually made it clear, concise, and sourced. Feel free to steal and share at your leisure. (I also uploaded it to IMGUR: https://imgur.com/Y6IFcwi)


 

xrpfundamentals.jpg

Hey can you pop this into a word doc and send it over?  Even if its a PM.  Thanks

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14 hours ago, zerper said:

Given the recent price action of XRP, both up and down, the FUD train has been in full effect. About a month ago I started compiling a list of the fundamentals behind Ripple/XRP to throw at all the naysayers. I shared a hasty version on /biz/ which I've since seen screenshotted and reshared on multiple venues (Twitter, Reddit, Etc). 

I took some time tonight and actually made it clear, concise, and sourced. Feel free to steal and share at your leisure. (I also uploaded it to IMGUR: https://imgur.com/Y6IFcwi)


 

xrpfundamentals.jpg

or even just paste the text so I cna snag it.

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Here ya go:

1) $93 Million in VC funding from Google Ventures, Seagate, Core Innovation Capital, Andreessen Horowitz, IDG Capital Partners, AME Cloud Ventures, Standard Chartered, Accenture Ventures, SCB Digital Ventures, SBI Holdings.
2) ~200 employees, including former SWIFT execs
3) Offices in San Francisco, New York, London, Sydney, Mumbai, Singapore and Luxembourg
4) 3/15/17 - Chris Larsen, CEO of Ripple, joins IMF High Level Advisory Group on FinTech
5) 5/17/17 - Ryan Zagone, Head of Research on the Business Development team @ Ripple, elected to the Federal Reserve’s Faster Payments Task Force Steering Committee
6) SEC Registered 
7) Q1 2017 - $6.7 million in institutional purchases of XRP
8) Q2 2017 - $21 million in institutional purchases of XRP
9) Q3 2017 - $19.6 million in institutional purchases of XRP
10) 10/10/17 - 100+ banks confirmed testing/implementing Ripple Tech inlcuding Santander, UniCredit, UBS and Standard Chartered.
11) 10/10/17 - Confirmed real world use of XRP by Cuallix
12) 11/16/17 - Partnership with AMEX announced
13) 11/27/17 - $100 million XRP denominated hedge fund announced by Michael Arrington, founder of TechCrunch. 
14) 12/6/17 - Japan banking Consortium of 61 banks announces Ripplenet is "Production Ready"
15) 12/7/17 - Ripple announces it has placed 55 Billion XRP in a 55 month escrow.
16)  12/13/17 - Yoshita Kitao, Chairman of SBI Global Asset Management, SBI Capital Management, SBI Financial Services. and SBI Securities tweets they are "All in on XRP"
17) 12/15/17 - JBC of 61 banks announce Ripple trials to commence and run through 1/31/18, with intent to use XRP upon completion
18) 12/19/17 - Zoe Cruz, former co-president of Morgan Stanley for institutional securities and wealth management, appointed to Ripple board of directors
19) 12/29/17 - Ripple SBI Asia partners with 3 major Japanese credit card companies: JCB, Sumitomo Mitsui Card, and Credit Saison

 

Sources

1) https://www.reuters.com/article/us-usa-ripple-funding/ripple-raises-55-million-in-second-funding-round-adds-several-banks-to-network-idUSKCN11L1NU
2) https://www.ccn.com/ripple-hires-former-swift-board-member-banking-executive/
3) https://ripple.com/company/
4) https://www.imf.org/en/News/Articles/2017/03/15/pr1784-imf-managing-director-welcomes-establishment-of-high-level-advisory-group-on-fintech
5) https://fedpaymentsimprovement.org/wp-content/uploads/fptf-member-roster.pdf
6) https://www.sec.gov/Archives/edgar/data/1685012/000168501216000001/xslFormDX01/primary_doc.xml
7) https://ripple.com/insights/q1-2017-xrp-markets-report/
8) https://ripple.com/insights/q2-2017-xrp-markets-report/
9) https://ripple.com/xrp/q3-2017-xrp-markets-report/
10) https://www.cnbc.com/2017/10/10/ripple-has-over-100-clients-as-mainstream-finance-warms-to-blockchain.html
11) https://www.financemagnates.com/cryptocurrency/news/cuallix-uses-ripple-cross-border-payments-u-s-mexico/
12) https://www.cnbc.com/2017/11/16/american-express-santander-team-up-with-ripple-on-blockchain-platform.html
13) http://fortune.com/2017/11/28/arrington-xrp/
14) http://www.livebitcoinnews.com/japan-bank-consortium-deems-ripple-technology-production-ready/
15) http://www.livebitcoinnews.com/ripple-finalizes-escrow-lockup-55-billion-xrp/
16) https://twitter.com/yoshitaka_kitao/status/940785785925709829?lang=en
17) https://asia.nikkei.com/Business/Deals/Japan-South-Korea-blockchain-payments-enter-trials-Friday
18) https://www.americanbanker.com/news/zoe-cruz-joins-ripple-board-of-directors
19) https://www.legalgamblingandthelaw.com/news/ripple-hits-1-50-on-tieup-with-japanese-credit-card-companies/
 

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