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MisterRipple

One & only reason for XRP to succeed?!

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Fellow Zerpers,

As long as their is no other competitor (SWIFT) that get's a solution for the the Nostro/Vostro accounts problem (prefunding) we will be fine?
Is it as simple as that?
Let's say that SWIFT get's their gpi solution up & running, does that mean that we don't have to fear anything?

Is their another competitor that is trying to solve the Nostro/vostro problem?

 

✌️

 

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I don't know either but XRP is ahead of all... at least I hope so :). But there will be so many other use cases for XRP. Solving nostro/vostro problem is huge but there are so many other use cases as well. 

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Swift getting their solution for Nostro Vostro is like changing oil and fitting four new sparkplugs in an 1950 model 36 BHP car. It will run a bit smoother, but that's it.

Xrapid  being used for Nostro/Vostro is like getting to a dragrace with a Tesla Model S P100 Ludicrous model and racing against that old car. By the time that old car has laid in the second gear and reaches 20 miles, The Tesla driver sips his fresh-brewed Barista-made espresso after finishing "in a blink of an eye".... 

Edited by DutchPanda

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1 hour ago, MisterRipple said:

Let's say that SWIFT get's their gpi solution up & running, does that mean that we don't have to fear anything?

Is their another competitor that is trying to solve the Nostro/vostro problem?

Swift's gpi doesn't settle payments. I think it's just a glorified messaging system replacement. You know, provides end to end payment info, status, etc.

re: Nostro/vostro problem

I'm sure a solution it's being worked on. It's being done quietly.

Edited by benstr

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If xrp had no chance of suceeding, why would the banks even bother moving to ripple net?

Xcurrent is better than swift in the sense of bilateral messaging rather than uni and this difference was enough for banks to change their infra...yet, they apparrently wont use  Xrapid the thing which could free up a bunch of capital improve speed, settlement, tracking, fraud etc...errr because why? 

 

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5 hours ago, MisterRipple said:

Fellow Zerpers,

As long as their is no other competitor (SWIFT) that get's a solution for the the Nostro/Vostro accounts problem (prefunding) we will be fine?
Is it as simple as that?
Let's say that SWIFT get's their gpi solution up & running, does that mean that we don't have to fear anything?

Is their another competitor that is trying to solve the Nostro/vostro problem?

 

✌️

 

Assume there is one or more competitors. What is the likely outcome? That Ripple will capture a percentage of the market rather than the whole market. That's not a bad thing.

But it's also not the whole story. Look at all the other use cases for XRP and how it's being leveraged now and in the future. B2B cross borders payments is only one of them.

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The genius behind xrp is that Ripple has created, and is deploying, a software suite that's truly a game changer for the banks, FI's and money transfer co's.  XRP will benefit enormously, possibly even unimaginably, from this payment infrastructure that they've engineered. Who else is gonna be able to duplicate this in a timely fashion? As the momentum builds, Ripple is likely to so outdistance anyone who even considers something similar. This is big, and getting it right the first time has obviously been paramount, which it should. The next several months are going to be exciting.

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On 8/24/2018 at 5:21 AM, CaptainGeorge said:

While working on their  interbank payment system. Ripple are working also on a ForEx solution, micropayments solution, Smart contracts solution and many other solutions I believe...

 

 

Not all of this will be worked on by Ripple, especially micropayments. That's why they have xPring so they can gift xrp to companies that creates new use cases for xrp. I don't think they want to steer away from the peanutbutter manifesto..

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4 hours ago, mr_lazy85 said:

Not all of this will be worked on by Ripple, especially micropayments. That's why they have xPring so they can gift xrp to companies that creates new use cases for xrp. I don't think they want to steer away from the peanutbutter manifesto..

Yes, true. The good thing is all the mentioned solution will use XRP! Thats what we want after al...

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The longer SWIFT et all deny the benefits of decentralized digital assets, the more head-start they allow Ripple to get.

By the time they cannot longer deny the massive advantages of counter party free, cryptographically secured digital assets for the new crypto powered digital economy, a.k.a. the Internet of Value, Ripple has already rolled out the entire product suite of solutions and has partnered with all innovative bulls in this space.

The five reasons that will make XRP succeed are:

  1. it is the fastest decentralized digital asset
  2. that does not rely on extremely costly, environment unfriendly mining for its security
  3. the low barrier to run a validator results in XRP becoming the most decentralized across multiple jurisdictions
  4. already has the biggest network of potential users, a network that is rapidly expanding
  5. has rockstar developers building the ecosystem
Edited by lucky

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On 8/24/2018 at 2:33 AM, MisterRipple said:

Fellow Zerpers,

As long as their is no other competitor (SWIFT) that get's a solution for the the Nostro/Vostro accounts problem (prefunding) we will be fine?
Is it as simple as that?
Let's say that SWIFT get's their gpi solution up & running, does that mean that we don't have to fear anything?

Is their another competitor that is trying to solve the Nostro/vostro problem?

 

✌️

 

There's always someone else.

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34 minutes ago, LordVetinari said:

There's always someone else.

That someone else has raise billions, employ the best cryptographers (there is a shortage), find partners to test the system, work with regulators, set up liquidity exchanges across every Continent,  woo partners and create software that compares with Ripples DA and suite of products.  That cannot be done in under five years and by then Ripple will have spent billions developing their product further.  VISA Chain XLM could perhaps put together a niche product of some sort, but nothing that competes with XRP/Ripple.

I do not agree that XRP/Ripples success is tied to taking over SWIFTs market.  SWIFT is one of many target markets in Ripples sights (not even the biggest).

Edited by Julian_Williams

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