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Major Banks (S) will use Xrapid by the end of this Callander year, and in the order or magnitude of dozens (S) next year” Use, not pilot, not money transfer companies. Banks, Use.


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8 minutes ago, Trader-to-the-Crown said:

Davids point was that they had to solve liquidity by prioritizing remittance FIs as their first xRapid customers, because banks wouldnt be hopping on board until the unit price goes up and XRP gets liquid.

I think Brads recent statements reflect that Ripple knows something we don't, and that is that liquidity will be solved this year, thus banks will jump on board..

This tells me Ripple is expecting a steep price hike in the next few months if they are expecting multiple banks to hop in before EOY.

Exciting AF!

hopefully this isnt another one of Ripples failed 'Guess what the mysterious shape represents'. Turned out to be nothing more than a 3D box haha

The one downfall to being a genius in a company is that you simply have no idea how PR works.

Ya, lets have snoop dogg come. thatll help. 

Edited by MegaNerd
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I hope you are not responding to old mate Grumpy guts. IMO put him on your ignore list and leave him be. 

I can’t believe there are posters in this thread trying to downplay this interview. Trying to say that BG’s comment was vague. Arguing a “may” vs “will” use it. Come on!! This was a prominent per

https://www.cnbc.com/video/2018/06/04/ripple-ceo-expect-dozens-of-banks-to-use-our-cryptocurrency-next-year.html   Great news. Never was Brad so direct. But it looks its too late because cry

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5 minutes ago, Trader-to-the-Crown said:

I missed that I guess. What's this mysterious shape business?

long ago. months and months ago.

Ripple reveled a flat, 1 dimensional shape. people in here thought the shape represented the middle east and that Ripple was about to release MEGA news.

it ended up being just a folded flat '3D cube' which when connected, forms a cube. its supposed to represent 'block'chain.

so dumb. so... dumb.

image.png.98d9e99dbe55e0d282dab81b88091fd5.png

Edited by MegaNerd
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Just now, MegaNerd said:

long ago. months and months ago.

Ripple reveled a flat, 1 dimensional shape. people in here thought the shape represented the middle east and that Ripple was about to release MEGA news.

it ended up being just a folded flat '3D cube' which when connected, forms a cube. its supposed to represent 'block'chain.

so dumb. so... dumb.

Omg.. Ouch... Very dumb indeed. Everyone trying to piece together the mystery thinking it was a hint to something major only to be let down by a stupid marketing idea.

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1 minute ago, Trader-to-the-Crown said:

Omg.. Ouch... Very dumb indeed. Everyone trying to piece together the mystery thinking it was a hint to something major only to be let down by a stupid marketing idea.

yep. it wont be the last time. most people love to cling to anything. im sure down the road the CEO will cut his hair differently and investors will think hes secretly telling us that Ripple is about to 'cut' the ribbon on something amazing. haha

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13 hours ago, Mods_are_tyrants said:

It is just minimal the spread will be minimal you could even say (positive bias) and I would agree, but to say **"xRapid is coming and by sheer volume increase xrp increases when each buy is matched with a sell even if slightly + biased is flawed"**

People have to buy xrp, hold it, and not sell it for the price to consistently rise, so will usage make the people, investors, FI, want to buy xrp and hold it because it is being used? All while Ripple holds 60 billion coins and is (releasing, dumping, selling) millions back into the market monthly?

Let's hope the FOMO wins out this is far from a sure thing!  

No the spread will not be minimal.  xRapid will do a market buy on one fiat / XRP pairing (e.g. USD/XRP) on one exchange and then do a market sell on another fiat pairing on another exchange (e.g. MXN/XRP).  Market buy and market sells with different fiat pairings on different exchanges? Market buys and sells alone tend to have quite large spreads (for obvious reasons).   There will be huge disparities that arbitragers may be able to take advantage of.  Look at the spread between Korean Won / XRP compared to USD / XRP  - to the point that CMC delisted Korean exchanges.   Spreads are inevitable between different fiat pairings as you can bet that more USD is sent to Mexico than MXN is sent to the USA (for example).  Money flow is asymmetric and that will be reflected in the spreads.  And yet, it will also mean that fiat pairings with lots of market sells in theory will see their XRP price DROP (in theory) as xRapid eats up the buy books on those fiat pairings.  Again, let's see how arbitragers deal with that - maybe they will smooth out the spreads.  Of course, it also means fiat pairings with lots of buys will see their prices rise. In the end, high volume = a higher price no matter what.  High volume means more liqudity, and a chance to break away from BTC's influence.  Both retail and insitutional investors will find that attractive.  Furthermore, a crypto with a functional use that's live and being used by banks? That will attract investors.  Reality is messy, but I am sure when you add it all up, it will equate to an increasing XRP price.

Edited by 2ndtimearound
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I like that Brad feels confident enough to make a statement like this.  It shows me that he feels strongly (or already has confirmation) that the SEC isn't going to step in an label xrp a security, which I believe would delay the adoption of xRapid by banks considerably.   My understanding is that we need to have clarity on this matter before big banks start settling transactions with xrp.  

How ever you want to pick apart what Brad said today, it is good news.  

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12 minutes ago, Chewiecoin said:

No puedo creer que no haya carteles en este hilo intentando minimizar esta entrevista. Tratando de decir que el comentario de BG era vago. Discutir un "mayo" contra "lo hará" usarlo. ¡¡Venga!!

Esta fue una persona prominente en criptografía, el CEO de Ripple, un actor importante en este espacio que afirma categóricamente que los principales bancos utilizarán xRapid a finales de este año. Sin pilotos, sin beta, pero con uso real. 

Luego dice que espera que "docenas" más estén a bordo a fines del próximo año. 

No puedes minimizar eso. Estas son noticias sorprendentes y lo que todos estamos esperando. No solo funciona xRapid, sino que también ha demostrado ahorrar dinero y el CEO de Ripple confirma que se utilizará. 

Y no, esto no es solo un comentario parcial de alguien con un conflicto de intereses. Este es el CEO de una importante compañía de tecnología. Si lo que decía era falso, su reputación estaría hecha trizas.

Decenas de bancos importantes utilizarán xRapid para fines del próximo año y algunos lo usarán este año. Créelo. Vino directamente de la boca de los caballos. 

Celebrarlo. 

Totalmente de acuerdo Chewie. ...Esto es enorme!

Acá desde Argentina esperando el despegue :);)

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20 minutes ago, Chewiecoin said:

I can’t believe there aren’t posters in this thread trying to downplay this interview. Trying to say that BG’s comment was vague. Arguing a “may” vs “will” use it. Come on!!

This was a prominent person in crypto, the CEO of Ripple, a significant player in this space stating categorically that xRapid will  be used by major banks by the end of this year. No pilots, no beta, but real usage. 

He then says that he expect “dozens” more to be on board by the end of next year. 

You cant downplay that. This is amazing news and what we have all be waiting for. Not only is xRapid working, it has proved to save money and Ripple’s CEO is confirming it will be being used. 

And no this is not just some biased comment from someone with a conflict of interest. This is the CEO of a major tech company. If what he was saying was false his reputation would be in tatters.

Dozens of major banks will be using xRapid by the end of next year with some using it this year. Believe it. It came direct from the horses mouth. 

Celebrate it. 

Game Set match. This is done deal. He would have never said this if it was not done. Now it’s a waiting game for liquidity and Xrapid to turn on. These banks are ready to go. EOY is not 10$. Lol. That’s not even close. This statement was so far past breadcrumbs more like a double meatball sandwich with extra cheese. It’s clear as day people, start the engines. Time to make history. Buy hodl and buy some more. 

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44 minutes ago, Cryptoball said:

Game Set match. This is done deal. He would have never said this if it was not done. Now it’s a waiting game for liquidity and Xrapid to turn on. These banks are ready to go. EOY is not 10$. Lol. That’s not even close. This statement was so far past breadcrumbs more like a double meatball sandwich with extra cheese. It’s clear as day people, start the engines. Time to make history. Buy hodl and buy some more. 

Love the Tennis reference.

you are right.  Agreed.... he would absolutely have not said this if it wasn’t already a done deal.

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1 hour ago, Cryptoball said:

Game Set match. This is done deal. He would have never said this if it was not done. Now it’s a waiting game for liquidity and Xrapid to turn on. These banks are ready to go. EOY is not 10$. Lol. That’s not even close. This statement was so far past breadcrumbs more like a double meatball sandwich with extra cheese. It’s clear as day people, start the engines. Time to make history. Buy hodl and buy some more. 

Game Set Match Ripple

Absolutely. This is incredible news. What we have all been waiting on. 

Now we wait for liquidity to kick start with usage which will increase price. Don’t listen to the non sensical argument that XRP will be bought and sold in an economic vacuum and therefore will have no effect on price. 

Edited by Chewiecoin
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