bx549 Posted February 10, 2018 Share Posted February 10, 2018 Informative and clear! Thanks for putting it together. MoonLambo 1 Link to comment Share on other sites More sharing options...
Jadgard Posted February 10, 2018 Share Posted February 10, 2018 Its a great articel, very easy to understand with simple and funtastic colaboration words and rhytme. Thank you prof for your small and wonderfull painting MoonLambo 1 Link to comment Share on other sites More sharing options...
Lucien Posted February 10, 2018 Share Posted February 10, 2018 This is awesome. Thanks for taking your time to put this together. MoonLambo 1 Link to comment Share on other sites More sharing options...
Ralphadayus Posted February 10, 2018 Share Posted February 10, 2018 Bravo! Really! You've summarized everything I've been researching for the last three months in spectacular fashion! Thank you! MoonLambo 1 Link to comment Share on other sites More sharing options...
MalluJohn Posted February 10, 2018 Share Posted February 10, 2018 Great post OP. Makes things crystal clear for every new investors apprehensive of taking the plunge into XRP Link to comment Share on other sites More sharing options...
Pluvious Posted February 10, 2018 Share Posted February 10, 2018 Great summary, thank you mon. I will share this with others whom wish to better understand this innovation. Your essay does beg the next question, of course... Assuming all goes well, and zerps become The Standard, what will the humming network eventually look like ? Will XRP's exchange value be stable, fluctuate gently or wildly, or gradually increase ? How will the various fiats of the World impact XRP valuation as they raise and fall with each fiat's local inflation and deflation ? As other use cases for XRP are adapted, and join in the demand pool for liquidity, how will this affect exchange valuations. And finally, what impact will the last of the escrowed zerps being released have up the supply and demand profile ? Interesting times ahead ! Link to comment Share on other sites More sharing options...
f-ledger Posted February 10, 2018 Share Posted February 10, 2018 Very articulately written. Thank you. Link to comment Share on other sites More sharing options...
ThomTheRipplier Posted February 11, 2018 Share Posted February 11, 2018 Excellent read Link to comment Share on other sites More sharing options...
OlrokTheBrave Posted February 11, 2018 Share Posted February 11, 2018 Good blog I shared it Link to comment Share on other sites More sharing options...
xrp_py Posted February 12, 2018 Share Posted February 12, 2018 Excellent article. Just as a reminder for future posts, Brad Garlinghouse seems to always mention that xCurrent provides the payment, and that xRapid (XRP) "settles" the payment. In a nutshell, when Bank A uses xCurrent to send payment to Bank B, unless both banks have a relationship already set up via Nostro/Vostro accounts, then the payment doesn't "settle." Bank A and Bank B have to record an entry into their respective ledgers stating that one has a fiat Credit with the other, and one has a fiat Debit with the other. In other words, the transaction hasn't "settled". When xRapid is used, XRP is bought by Bank A from their local liquidity provider (LP) using their local Fiat currency, then the XRP is transfered to Bank B, which in turn sells the received XRP to their local LP in exchange for their local Fiat currency. The transaction is "settled" (finalized). No more Credits and Debits to put into ledgers for "future" settlement. No more "Bank A owes Bank B xxx amount of money, but Bank C owes Bank A xxx amount of money." There is less counter-party risk for all banks involved. Banks no longer have to carry the risk that if Bank A goes under, that Bank B could be left without getting paid. Keep up the great work with you blog posts! Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now