The Greatest Article of the Year French Side

[Gwada97159]

https://www.capital.fr/entreprises-marches/ripple-pourquoi-le-cours-de-sa-cryptomonnaie-explose-de-45-1307942

 

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[fiik]

um non

[Gwada97159]

36 minutes ago, fiik said:

um non

This article is a pure joke

[Guest]

Quote

 Ripple is indeed generating interest in the banking industry. More than 120 banks and financial institutions (Western Union, Santander, Crédit Agricole, etc.) are testing its blockchain transfer platform. On the other hand, it does not require the use of the XRP cryptocurrency (one can use traditional currencies) and no major institution uses it in real conditions. Thus, despite some attention, the XRP has never for the moment justified the excitement around him.

Unlike Bitcoin, the Ripple system is centralized. That is, the company has decisive authority over the protocol, while Bitcoin requires agreement from the majority of its network members to make it evolve. In addition, the company holds 60% of the outstanding XRP. According to a very detailed report published in January by the BitMEX trading platform, Ripple's solution would ultimately be little different from the traditional banking system.

peur incertitude doute

Edited September 22, 2018 by Guest

[Gwada97159]

2 hours ago, LordVetinari said:

peur incertitude doute

So quick question why banks should use xrapid instead xcurrent ?

[Benchmark]

1 minute ago, Gwada97159 said:

So quick question why banks should use xrapid instead xcurrent ?

Ability to source liquidity and remove the need for nostro/vostro accounts.

It's also faster and less error prone than the current system.

[Gwada97159]

13 minutes ago, Benchmark said:

Ability to source liquidity and remove the need for nostro/vostro accounts.

It's also faster and less error prone than the current system.

Can you develop ability to source liquidity ? I had a deep a discussion with a French guy and he told me there was no advantage to use xrapid. Thanks for your help

[Benchmark]

5 minutes ago, Gwada97159 said:

Can you develop ability to source liquidity ? I had a deep a discussion with a French guy and he told me there was no advantage to use xrapid. Thanks for your help

I would first read this official page from Ripple: https://ripple.com/ripplenet/source-liquidity/

And then this explanation from a Ripple employee: 

So the advantage is that XRP can bridge between currencies at high speeds and low costs. Pilots have shown that xRapid with the use of XRP, can lower costs by 40 to 60% and increase speed from multiple days to several minutes. The advantage is also pretty obvious in terms of accounting, since Distributed Ledger Technology works better than a collection of databases for this specific use case. 

[Guest]

11 hours ago, Gwada97159 said:

Can you develop ability to source liquidity ? I had a deep a discussion with a French guy and he told me there was no advantage to use xrapid. Thanks for your help

I believe you may not have a full understanding. xRapid may not always be the best option for sourcing liquidity. xRapid is not a panacea for all corridors. 

[Guest]

11 hours ago, Gwada97159 said:

So quick question why banks should use xrapid instead xcurrent ?

If xRapid is a better option. 

[Trickery]

11 hours ago, Gwada97159 said:

Can you develop ability to source liquidity ? I had a deep a discussion with a French guy and he told me there was no advantage to use xrapid. Thanks for your help

xRapid provides settlement xCurrent does not.

[Guest]

2 hours ago, Trickery said:

xRapid provides settlement xCurrent does not.

False. xCurrent can settle the payment also but it needs nostro/vostro accounts and that means huge amount of dormant capital around the world for the correspondent banks. With xRapid any bank can settle the payment without the need for correspondent bank.

 

[cryptoxrp]

On 9/22/2018 at 10:18 AM, Gwada97159 said:

https://www.capital.fr/entreprises-marches/ripple-pourquoi-le-cours-de-sa-cryptomonnaie-explose-de-45-1307942

 

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Greatest article of the year.... FUDDY article ...?

Crédit Agricole and other French banks are connected to Ripplenet and some have probably tested XRapid.....

Just imagine any bank using Bitcoin. They would go bankrupt. 

Edited September 23, 2018 by cryptoxrp

[Gwada97159]

1 hour ago, cryptoxrp said:

Greatest article of the year....? Noob FUD...?

Crédit Agricole is connected to Ripplenet. Probably connected via RT1.

Just imagine that bank using Bitcoin. They would go bankrupt. 

I was sarcastic