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Light

Tipping The Scales

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If you're a Ripple FIEND like me you probably watch the news cycle, price, and these forums constantly. I commend every rational mind that is looking long term, as the short term for the ENTIRE crypto market is just about as predictable as throwing a dart blind folded from 100 feet away (and there are still some who believe they can do it). That being said, there is one critical aspect of building a business that Ripple is doing right - their slow but sure adoption of XRP by money transfer companies will pay dividends^10000000 down the road.

Before this morning we really only had Cualix and Moneygram with promises to use XRP from the Korean / Japanese corridor volunteers should their pilots go well. Right now there are probably many other unannounced companies testing out XRP through XRapid or at least looking into it. 

The tipping point I am most focused with has to do with adoption. Every business with an innovative product will face FUD at the hands of people who cry out "BUT WHO IS USING IT RIGHT NOW?" That is the last argument that these guys who back coins without any real business behind them really have. Companies using the rest of the Ripple product suite are much more vast than Xrapid, so it's reasonable to assume they're enjoying the various efficiencies the tech provides. Very soon (less than 6 months) I believe we will reach that tipping point, where one large FI will see the advantages over its competition and choose to move first. Then the rest of the competition will react. 

Stick with what you believe in at the end of the day - I believe efficiency wins out in business, especially in the financial world. 

 

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24 minutes ago, Light said:

If you're a Ripple FIEND like me you probably watch the news cycle, price, and these forums constantly. I commend every rational mind that is looking long term, as the short term for the ENTIRE crypto market is just about as predictable as throwing a dart blind folded from 100 feet away (and there are still some who believe they can do it). That being said, there is one critical aspect of building a business that Ripple is doing right - their slow but sure adoption of XRP by money transfer companies will pay dividends^10000000 down the road.

Before this morning we really only had Cualix and Moneygram with promises to use XRP from the Korean / Japanese corridor volunteers should their pilots go well. Right now there are probably many other unannounced companies testing out XRP through XRapid or at least looking into it. 

The tipping point I am most focused with has to do with adoption. Every business with an innovative product will face FUD at the hands of people who cry out "BUT WHO IS USING IT RIGHT NOW?" That is the last argument that these guys who back coins without any real business behind them really have. Companies using the rest of the Ripple product suite are much more vast than Xrapid, so it's reasonable to assume they're enjoying the various efficiencies the tech provides. Very soon (less than 6 months) I believe we will reach that tipping point, where one large FI will see the advantages over its competition and choose to move first. Then the rest of the competition will react. 

Stick with what you believe in at the end of the day - I believe efficiency wins out in business, especially in the financial world. 

 

It is highly likely that any FI moving to or actively using XRP would not want to make that public until they have to.  If they want a leg up on the competition, the longer they can keep their competitors from knowing they’ve made the move, the greater head start they can get. 

As soon as they announce their move to XRP, their competitive advantage begins to wash away. 

No reason to brodcast it.. they just slowly start to reduce fees and transfer time.  

The daily volumes were seeing now, compared to a couple of months ago are a pretty good indicator that there has been some unannounced trials and adoption.

 

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Spot On!

Think about it for a moment... everybody bandies about the big names that could potentially move the coin but to combat the Weiss fiasco Ripple comes out with two solid players who "Will" be using XRP and the Q4. That begs the question about who else and how many others do they have in the pipeline?

It's all good and will be even better as the year progresses.

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Institutional Hedging and Custody

While customers can use XRP for on-demand liquidity through xRapid, we want to build the necessary markets infrastructure for eventual direct usage of XRP by financial institutions. In Q1, we’ll begin work towards the launch of institutional hedging instruments and custody solutions. Both of these market components are important to institutional adoption and thus are important components of our 2018 roadmap.

This is the key piece! The banks are more than ready to load on XRP to their accounting books. The fact that they are saying "testing" was just a smoke and screen talk because its all done and dusted sometime ago . Banks will load XRP and they love it when the XRP price goes up, because it will make every bank with XRP looks super valuable and if XRP falls, we'll they got it hedged! No sweat.

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17 minutes ago, 1xrp1 said:

Institutional Hedging and Custody

While customers can use XRP for on-demand liquidity through xRapid, we want to build the necessary markets infrastructure for eventual direct usage of XRP by financial institutions. In Q1, we’ll begin work towards the launch of institutional hedging instruments and custody solutions. Both of these market components are important to institutional adoption and thus are important components of our 2018 roadmap.

This is the key piece! The banks are more than ready to load on XRP to their accounting books. The fact that they are saying "testing" was just a smoke and screen talk because its all done and dusted sometime ago . Banks will load XRP and they love it when the XRP price goes up, because it will make every bank with XRP looks super valuable and if XRP falls, we'll they got it hedged! No sweat.

Agreed. This was the passage I was looking for in Q4. All the rest was just bla bla, but this paragraph shows that they are working on the essence of XRP's future.

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Fully agree with all sentiments here. I do think that the adoption and therefore traction will take some time - working in a space that requires technical integrations between partners to build functioning networks - and having had exposure to a few banks in UK and India in doing so a these things can take time so it’s not going to happen overnight. Do agree though that one big name launch from a bank perspective will really catalyse further adoption.

While we eagerly anticipate that, what’s really frustrating me is this tether we appear to have to BTC. XRP and Ripple have so much going on that the asset deserves to stand or fail on its own merits, not be at the whim of the BTC brigade. Take today for instance - a good trajectory from about 0500 UK time this morning should have continued post the Q4 report (good) and the two new partners announced (very welcome surprise) to the point where we should really be looking at 1.45-1.50 by now all things considered. And XRP would have gotten there on merit.

Instead, we had a downward pull because of BTC. I’m UK based, and for me it’s almost akin to your shareholding in Waitrose falling significantly because Asda stores keep getting ram raided and looted (for US folks, Whole Foods/Walmart or for India folks, Croma/Spice Hotspot). It’s starting to make me angry!

Thing is, i’m not sure when this will change save for a monumental piece of news (a Google or Amazon type level) or the big exchanges given greater access to the public via fiat as opposed to having to buy BTC first.

What are your thoughts, folks? There’s some clever people on here and though this is my first post/reply, I’ve been lurking in the shadows for some time so I know you guys know your stuff!

 

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Adoption:

  • First we had one (Cuallix)
  • Then we had two (Moneygram), that's +100%
  • Now we have four (IDT and Mercury FX), that's another +100%
  • Maybe next month we have eight... Do the math. :D

16, 32, 64, 128, 256, 512, 1024, 2048, 4096, 8192

And finally...larger than SWIFT!

And in the meantime, remember all other possible use-cases that are brewing...

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3 hours ago, RippleEvangelist said:

And in the meantime, remember all other possible use-cases that are brewing...

I can't even begin to imagine each one, i'm constantly surprised with all of the possibility there.

3 hours ago, NorthLane said:

Fully agree with all sentiments here. I do think that the adoption and therefore traction will take some time - working in a space that requires technical integrations between partners to build functioning networks - and having had exposure to a few banks in UK and India in doing so a these things can take time so it’s not going to happen overnight. Do agree though that one big name launch from a bank perspective will really catalyse further adoption.

While we eagerly anticipate that, what’s really frustrating me is this tether we appear to have to BTC. XRP and Ripple have so much going on that the asset deserves to stand or fail on its own merits, not be at the whim of the BTC brigade. Take today for instance - a good trajectory from about 0500 UK time this morning should have continued post the Q4 report (good) and the two new partners announced (very welcome surprise) to the point where we should really be looking at 1.45-1.50 by now all things considered. And XRP would have gotten there on merit.

Instead, we had a downward pull because of BTC. I’m UK based, and for me it’s almost akin to your shareholding in Waitrose falling significantly because Asda stores keep getting ram raided and looted (for US folks, Whole Foods/Walmart or for India folks, Croma/Spice Hotspot). It’s starting to make me angry!

Thing is, i’m not sure when this will change save for a monumental piece of news (a Google or Amazon type level) or the big exchanges given greater access to the public via fiat as opposed to having to buy BTC first.

What are your thoughts, folks? There’s some clever people on here and though this is my first post/reply, I’ve been lurking in the shadows for some time so I know you guys know your stuff!

 

Welcome @NorthLane, I have been lurking for some time but began posting amidst the most recent correction and increasing business development (announced, that is).

I somehow expect BTC's dominance to slip as the overall market widens and more money pours in. It will continue to remain relevant but only to a point. Something like XRP and Ripple's corresponding ledger (network) will support many more uses and one of those will probably be to become the overall currency pairing for crypto. I would really enjoy that as using BTC as the currency pair only works when its volatility is low. My take on BTC is that eventually institutional money will replace the majority of current weak hands and that it will continue to inflate in price and stabilize eventually. So it may never happen that XRP becomes the currency pairing for the majority of cryptos but it is very possible still. 

I thoroughly enjoy analyzing both sides of the market, technical and fundamental all at once, my goal is always to find the synergies between them. The charts right now seem like we have since hit rock bottom and are slowly beginning to turn the corner towards another run. 

Edited by Light

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Just read it in the news today that visa already began testing of their Blockchain based cross border b2b connect payment solution.

it is likely that the very big players with enough resources to spare will eventually use their own solution instead of using an out of the box solution from ripple.

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7 minutes ago, susli said:

Just read it in the news today that visa already began testing of their Blockchain based cross border b2b connect payment solution.

it is likely that the very big players with enough resources to spare will eventually use their own solution instead of using an out of the box solution from ripple.

if that was true swift would not exist...

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