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Samihios

Only xCurrent... not xRapid

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1 minute ago, Samihios said:

I'm all for anyone calling me out on inaccuracies. It's constructive, and I will actually edit my post thanks to you. But you really need to take a break from this volatile market if it's making you a bit aggressive.

 

you just killed me with kindness. Sorry for being an ***

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5 hours ago, Samihios said:

Every time a new Ripple partnership emerges where xCurrent is said to be the solution adopted, many people repeat the same mantra: "Oh it's just xCurrent. This is bad news for XRP". 

NO IT IS NOT BAD NEWS. 

Could financial institutions and other organizations simply use xCurrent forever without xRapid? Yes, of course they could. Will they want to avoid xRapid and XRP? Why the hell would they? 

If you do not know the difference between xCurrent and xRapid and how the latter could very likely complement the former, then why are you invested in XRP? Are you simply gambling? If so, the casino is a better bet. 

DO YOUR RESEARCH, and THEN come to your own conclusion. Stop repeating the same thing over and over again, as you will scare many investors away by spreading such uncertainty. Learn to read and think critically before you type up a new post or comment on others' posts. 

I was only thinking about this today, thank you for posting. I am relatively new to this but I understand the fundamental importance of building foundations and trust for any business or asset. 

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18 hours ago, Samihios said:

Every time a new Ripple partnership emerges where xCurrent is said to be the solution adopted, many people repeat the same mantra: "Oh it's just xCurrent. This is bad news for XRP". 

NO IT IS NOT BAD NEWS. 

Could financial institutions and other organizations simply use xCurrent forever without xRapid? Yes, of course they could. Will they want to avoid xRapid and XRP? Why the hell would they? 

If you do not know the difference between xCurrent and xRapid and how the latter could very likely complement the former, then why are you invested in XRP? Are you simply gambling? If so, the casino is a better bet. 

DO YOUR RESEARCH, and THEN come to your own conclusion. Stop repeating the same thing over and over again, as you will scare many investors away by spreading such uncertainty. Learn to read and think critically before you type up a new post or comment on others' posts. 

Regulated Financial institutions are constraint by the respective government regulations.

If China Central Bank says FIs are not supposed to use Crypto to Fiat and vice versa (which they are saying now), FIs will not use XRP even if it saves them 30% more.

FIs are regulated, they do not want to lose their license.

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18 hours ago, iLeeT said:

For this particular partnership, how do people expect for China to use xRapid if they've banned exchanges there?

They could set up a government controlled exchange.

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3 hours ago, missdaboat said:

Regulated Financial institutions are constraint by the respective government regulations.

If China Central Bank says FIs are not supposed to use Crypto to Fiat and vice versa (which they are saying now), FIs will not use XRP even if it saves them 30% more.

FIs are regulated, they do not want to lose their license.

That is true, but governments and regulators can only resist technological progress for a while. Advanced tech that solves big problems commands attention and waits for no one. Regulation is slow to keep up with technological progress, that's for sure. But Ripple is already in talks with governments and banks worldwide; do you think they're not emphasizing how XRP can revolutionize cross-border settlement? They are planting the seed and making sure to develop their brand, such that when regulations do arrive, they will be first in line to take advantage as a first-mover. 

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