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Chris_Reeves

Mercury FX Announcement Page

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10 minutes ago, LordVetinari said:

Now we have an idea of how many zeros Bitso can handle. 

I think we have currently only slight an idea how many zeroes xRapid can handle because we don't know how xRapid exactly works in detail level. Does xRapid use synthetic order books, for instance. There has been speculation going around. xRapid is after all a proprietary software from Ripple. However, we know that the XRP/MXN volume in Bitso has been very low quite some time.

https://coinmarketcap.com/currencies/ripple/#markets

In below is an analysis conducted by @BehindtheLedger that revealed that some kind of testing was done recently in Bitso. We don't know yet was this testing related to xRapid?

 

2019-01-17 17_45_03-XRP (XRP) price, charts, market cap, and other metrics _ CoinMarketCap.jpg

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36 minutes ago, hallwaymonitor said:

They pinned below tweet that contains link to the brochure. No brainer. If you want expensive and slow remittances then go to bank.

https://www.mercury-fx.com/media/files/1535712265mercurybrochurevvfinalff.pdf

 

It seems Mercury-Fx Ltd have suddenly started issuing lots of tweets - many about Ripple/XRP.  Maybe they are starting a publicity campaign, maybe they have a new tweet manager?

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Assuming that rLSn6Z3T8uCxbcd1oxwfGQN1Fdn5CyGujK is Bitso address there were just 85 payment transactions with this destination address today.  Now - 3521 GBP gives us 14000 xrp roughly and there is no transaction any close to this number 

Edited by AlexTailor

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3 hours ago, AlexTailor said:

Assuming that rLSn6Z3T8uCxbcd1oxwfGQN1Fdn5CyGujK is Bitso address there were just 85 payment transactions with this destination address today.  Now - 3521 GBP gives us 14000 xrp roughly and there is no transaction any close to this number 

Given the way ILP works, it could be split into multiple transactions.

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4 hours ago, AlexTailor said:

Assuming that rLSn6Z3T8uCxbcd1oxwfGQN1Fdn5CyGujK is Bitso address there were just 85 payment transactions with this destination address today.  Now - 3521 GBP gives us 14000 xrp roughly and there is no transaction any close to this number 

It could also all have gone through coinfield (unbacked speculation that they are working with Ripple. Just their huge promotion of XRP as a base and promoting XRP so mich in their communications).

 

edit: nm, they don’t have MXN yet.

Edited by Tehol_Beddict

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On 1/17/2019 at 9:56 AM, hallwaymonitor said:

I think we have currently only slight an idea how many zeroes xRapid can handle...

Agreed. It's good to remember that the market makers Ripple has mentioned bringing on board - firms like Jump Trading, Virtu Financial, Two Sigma etc. are the big dogs. These guys regularly flip things like Euro currency futures on the CME, in which the minimum trade is 125,000 Euros. We'll see, but I doubt they'd even blink at an xRapid transaction of $100k-$200k. Managing risk in multiple currencies at high frequency is what they do well.

image.png.6e767ce8e1e304e934595fe08c2969c8.png

 

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Jesus Christ! I don't know for sure are they referring to xRapid with this tweet in below? Whatever they mean there is not nearly enough liquidity in Bitso exchange to make this big transactions through xRapid by using the organic market liquidity that is currently there.

 

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