curvicurvi 194 Posted January 3 1 day ago : https://media.abnnewswire.net/media/en/docs/ASX-BPG-2A1126476.pdf 1 year ago : “We believe that using DLT to replace CHESS will enable our customers to develop new services and reduce their costs,” ASX Managing Director and CEO Dominic Stevens said. https://www.reuters.com/article/us-asx-blockchain/australias-asx-selects-blockchain-to-cut-costs-idUSKBN1E037R So, what do you think guys ? 7 Lamberth, XRPanding, xrp-pat and 4 others reacted to this Share this post Link to post Share on other sites
fiik 1,318 Posted January 3 if my shares decide to gee up again least exit will be quick Share this post Link to post Share on other sites
at3n 276 Posted January 3 I think it looks more like two companies who both happen to have an interest in blockchain have decided to settle in XRP of their own accord? Seems like BPG was required to report to ASX because it's a publicly listed company, and the original settlement involved significant transfer of share ownership, but the case was not involving ASX. Correct me if I'm wrong. The original settlement agreement that this referred to also contained reference to crypto: https://www.marketscreener.com/BYTE-POWER-GROUP-LIMITED-10353146/news/Byte-Power-Group-Limited-ASX-BPG-Update-on-Legal-Action-against-Soar-Labs-Pte-Ltd-26645411/ As a side note, interesting that one of the XRP amounts settled was to 9 decimal places! 2 hallwaymonitor and GiddyUp reacted to this Share this post Link to post Share on other sites
Guest Posted January 3 (edited) Explore the ledger for a transaction for that specific amount of xrp on that specify day. Their wallet may reveal much. Calling ledger sleuths. @Hodor Edited January 3 by Guest Share this post Link to post Share on other sites
Paradox 4,187 Posted January 3 This is nothing more than a notification to the ASX that two independent parties have amended a pre-existing settlement agreement. In no way does this document indicate the ASX is settling in XRP. However, what is interesting is that Byte Power Pty Ltd. agreed to amend the original agreement to allow them to receive the $579,800 due in XRP equivalent, rather than USD. This indicates that Byte Power Pty Ltd. believes it is more economically advantageous to be paid in XRP over USD 2 2 GiddyUp, hallwaymonitor, curvicurvi and 1 other reacted to this Share this post Link to post Share on other sites
hallwaymonitor 1,776 Posted January 3 @jbjnr or @galgitron Is it possible to search XRPL ledger transactions by using a certain date as variable? I bet there was exactly one XRP transfer worth 1,181,063 XRP on November 9th 2018. "On 9 November 2018, Soar Labs Pte Ltd transferred 1,181,063.441783156 Ripple (at a price of US$0.48938946 per Ripple) to BPPL’s cryptocurrency wallet." Share this post Link to post Share on other sites
at3n 276 Posted January 3 @hallwaymonitor @LordVetinari Here you go, it was actually made on the 8th November: Tx hash: 1948D9BB2DC22C78BD3CC58BBFB24219EB75E0E0A24189AB0E60857BABD7192F Credit to @xrptipbot's Google BigQuery database 2 2 MikeTibet, Hodor, hallwaymonitor and 1 other reacted to this Share this post Link to post Share on other sites
Guest Posted January 3 17 minutes ago, at3n said: @hallwaymonitor @LordVetinari Here you go, it was actually made on the 8th November: Tx hash: 1948D9BB2DC22C78BD3CC58BBFB24219EB75E0E0A24189AB0E60857BABD7192F Credit to @xrptipbot's Google BigQuery database https://bithomp.com/explorer/1948D9BB2DC22C78BD3CC58BBFB24219EB75E0E0A24189AB0E60857BABD7192F Great work. I've put the above link as it's a little easier to use navigate. Follow the xrp. Share this post Link to post Share on other sites
XRP-JAG 1,986 Posted January 3 4 hours ago, Paradox said: This is nothing more than a notification to the ASX that two independent parties have amended a pre-existing settlement agreement. In no way does this document indicate the ASX is settling in XRP. However, what is interesting is that Byte Power Pty Ltd. agreed to amend the original agreement to allow them to receive the $579,800 due in XRP equivalent, rather than USD. This indicates that Byte Power Pty Ltd. believes it is more economically advantageous to be paid in XRP over USD I've not looked into this in any detail, but it could it be the case that the party did not have the FIAT to pay, but did have assets of XRP? That said, very strange agreement at any rate. Why would the receiver not just ask for FIAT (like normal you'd guess), and then buy any XRP they wanted themselves. I can't see how this is to the advantage of the receiver. Share this post Link to post Share on other sites
Paradox 4,187 Posted January 3 20 minutes ago, XRP-JAG said: I've not looked into this in any detail, but it could it be the case that the party did not have the FIAT to pay, but did have assets of XRP? That said, very strange agreement at any rate. Why would the receiver not just ask for FIAT (like normal you'd guess), and then buy any XRP they wanted themselves. I can't see how this is to the advantage of the receiver. I don't know their motivations for wanting XRP over fiat. One logical explanation would be that the recipient believes the XRP equivalent received will be worth more in fiat value in the future. Personally, if I was the recipient and didn't need the fiat (for food, housing etc.), I would take XRP over USD any day as well. Share this post Link to post Share on other sites
Zedy44 2,762 Posted January 3 Perhaps settlement via XRP provides a loophole if the company owes creditors in FIAT. It could be advantageous to keep blocks of digital assets over FIAT in certain debt collection scenarios as a court and/or government may only be looking for Fiat. 1 XRP-JAG reacted to this Share this post Link to post Share on other sites
JoelMcD 61 Posted February 27 Interesting article hit the Australian press today... ASX sells stake in IRESS as move from CHESS to distributed ledger technology advances. No mention of XRP specifically, but there is mention of instant settlement. Time will tell. https://smallcaps.com.au/asx-sells-stake-iress-chess-blockchain-distributed-ledger-technology/ 3 Wesa182, automatic and curvicurvi reacted to this Share this post Link to post Share on other sites