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ZeeperCreeper

Next IT: All the banks in UAE have trialled Ripple and are looking to integrate it.

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3 hours ago, hallwaymonitor said:

I'm afraid that there is a high chance that they are going to use central bank issued stable coin for starters in order to circumvent the Indian regulations.

of course the are, but thats fine, that coin still needs to traded on an open market and converted to other coins for global payments, it does not change anything about the usecase of XRP

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15 hours ago, lucky said:

of course the are, but thats fine, that coin still needs to traded on an open market and converted to other coins for global payments, it does not change anything about the usecase of XRP

Indeed. According to the pictures of the below link we can safely assume that several central banks are going to issue their own stablecoins in the coming years. However, there will still be the issue how you are going to handle cross-border money transfers. Do you want to receive a stablecoin that is pegged with highly inflationary South African Rand from your South African customers or do you still want to get paid with your own domestic currency?

Project Jasper 3 will probably be supported by R3 Corda. I wonder what tech will end up handling the cross-border payments with DLT in Singapore. Maybe Dogecoin?

2018-11-13 06_15_53-Dr2hn85UUAEczHB.jpg (1200×900).png

Edited by hallwaymonitor
humour

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19 hours ago, ZeeperCreeper said:

It seems that an company called NEXT SOFTWARE & PROGRAMMING CONSULTANCY LLC is carrying out Ripple integration in UAE. This is from their CEO:

creenshot.png.7a75000b77640d18d499e6f3db14f4f5.png

 

Not sure if they are referencing xCurrent or xRapid, but "sending money as tokens", sure sounds more like xRapid.

Well people should not have to ask whether they will implement xCurrent or xRapid anymore since Ripple has explicitly stated that they will merge all their products into one Ripplenet. Their ultimate goal is obiously that all transactions will settle in xRapid.

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1 hour ago, mr_lazy85 said:

Well people should not have to ask whether they will implement xCurrent or xRapid anymore since Ripple has explicitly stated that they will merge all their products into one Ripplenet. Their ultimate goal is obiously that all transactions will settle in xRapid.

People have been so affected by the nonstop FUD over xCurrent vs xRapid they can’t see what’s been the plan all along.

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