4 Possible Reasons Alibaba’s New Mobile App Is Being used by xcurrent or xrp

[Guest]

https://globalcoinreport.com/4-possible-reasons-alibabas-new-mobile-app-powered-by-xcurrent-or-xrp/

 

From the article...

 

Back in late June, Alibaba’s payment arm of Ant Financial launcheda blockchain based electronic wallet that enabled payments between Hong Kong and the Philippines. In the maiden transaction that Jack Ma was a part of, the transaction made by Ms. Mary Grace to the Philippines was completed in a matter of seconds. 

indicated that the time period taken for the transaction to complete was just 3 seconds.

This then brings us to the first reason the Mobile App is actually being powered by xCurrent or XRP. Comparing the 3-second speed of the transaction to that of XRP (3.3 Seconds on average), we see a vast similarity. The XRP ledger is the only ledger known to date, that can complete transactions at that speed. Also, the Santander App also showcasedsuch speeds in early June. The app is being powered by Ripples Xcurrent.

A second reason why the Ant Financial app could be powered by XRP is the link Justin Sun has with both Ripple and Jack Ma. Before starting the Tron Project, Justin was the Chief Representativeand Adviser of Ripple Labs in the Greater China area. Justin is also the mentee of Jack Ma. Justin is also the first Millennial graduateat Jack Ma’s Hupan University. There is a lot of possibilities with these links of Justin to both Ripple and Jack Ma: founder of Alibaba.

Thirdly, WeChat Pay and AliPay run on dLocalwhich is a cross-border payment service that is powered byRipple. The same AliPay, but in Hong Kong, facilitated the payment from Ms. Mary Grace’s phone through its app that sent money to a GCash wallet in the Philippines. Therefore, connecting the dots, the AliPayHK mobile app possibly used Ripple based software – xCurrent– to power the transaction.

 

Edited July 25, 2018 by Guest

[Guest]

Wasn't it stated it wasn't Ripple tech? I can't find the tweet but I'm pretty sure someone from Alibaba or Ant answered quite frankly. 

It was Standard Chartered. 

Edited July 25, 2018 by Guest

[Zedy44]

This was confirmed a few hours after the initial announcement to not involve Ripple or Ripple tech in any way.  There were multiple sources people had thrown around, mainly the standard chartered bank response already posted here.

[NEF]

Damn the couldnt even get alipay. Great just great

[NEF]

Damn the couldnt even get alipay. Great just great

[dadofzara]

Ripple have been focused on cross border remittance with fast settlement.  They aren't going to snag every single payment development that comes out to the market.

'Peanut butter manifesto' everyone.

[Guest]

8 hours ago, NEF said:

Damn the couldnt even get alipay. Great just great

You say this as if getting a partnership with AliPay should be easy.

You can't even spell half of the words you used in one sentence correctly. Twice. 

Edited July 26, 2018 by Guest

[Merxy]

20 hours ago, MGS said:

https://globalcoinreport.com/4-possible-reasons-alibabas-new-mobile-app-powered-by-xcurrent-or-xrp/

 

From the article...

 

Back in late June, Alibaba’s payment arm of Ant Financial launcheda blockchain based electronic wallet that enabled payments between Hong Kong and the Philippines. In the maiden transaction that Jack Ma was a part of, the transaction made by Ms. Mary Grace to the Philippines was completed in a matter of seconds. 

indicated that the time period taken for the transaction to complete was just 3 seconds.

This then brings us to the first reason the Mobile App is actually being powered by xCurrent or XRP. Comparing the 3-second speed of the transaction to that of XRP (3.3 Seconds on average), we see a vast similarity. The XRP ledger is the only ledger known to date, that can complete transactions at that speed. Also, the Santander App also showcasedsuch speeds in early June. The app is being powered by Ripples Xcurrent.

A second reason why the Ant Financial app could be powered by XRP is the link Justin Sun has with both Ripple and Jack Ma. Before starting the Tron Project, Justin was the Chief Representativeand Adviser of Ripple Labs in the Greater China area. Justin is also the mentee of Jack Ma. Justin is also the first Millennial graduateat Jack Ma’s Hupan University. There is a lot of possibilities with these links of Justin to both Ripple and Jack Ma: founder of Alibaba.

Thirdly, WeChat Pay and AliPay run on dLocalwhich is a cross-border payment service that is powered byRipple. The same AliPay, but in Hong Kong, facilitated the payment from Ms. Mary Grace’s phone through its app that sent money to a GCash wallet in the Philippines. Therefore, connecting the dots, the AliPayHK mobile app possibly used Ripple based software – xCurrent– to power the transaction.

 

If it is by ripple it will say ripple,there's nothing to hide! There's no secret NDA! Stop being so desperate

[Guest]

2 hours ago, Merxy said:

If it is by ripple it will say ripple,there's nothing to hide! There's no secret NDA! Stop being so desperate

I'm not being desperate at all....

The article was sent to me yesterday on my xrp notifications list, simply posted it here for discussion.

You are the one being desperate as all I see are negative posts from you, I don't even understand why your on this forum.... oh yeah that's it to spread FUD and troll everyone on here, says it all only joined up beginning of July same old same old.

If you don't like XRP simply leave the forum to people that do and go and rant on some other DA I'm pretty sure you won't be missed around here.

I won't say or rise to anything else 

Bye and good riddance. 

[Raz]

16 hours ago, NEF said:

Damn the couldnt even get alipay. Great just great

Dude, there's a very small chance that COMMUNIST China, with all of their central controls, would ever allow a US-based company to break into their market.  Ain't gonna happen!  What will probably happen is that eventually, the US will limit China's access to US allies and instead force the Chinese to go through a US company to have access to those markets.  With geopolitical tensions heightening between the US and China, I can see this issue evolving.