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Cesar1810

euro exim bank launches on January 19 with xrapid?

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I've learned not to expect. 

1 hour ago, Cesar1810 said:

https://mobile.twitter.com/diepsanh/status/1085176594430226435?s=21

hello friends ... not publish well ... even the source I can not corroborate because the video can not be translated.

will it be correct?

I hope it works for something. a hug to everyone and hodl

The guy isn't connected to Exim. Not a source of information I would base expectations on. 

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What I find very interesting is their retweeting of Brexit related news throughout 2017. I think this is their official feed:

https://twitter.com/euro_eximbank

https://www.fintech.finance/fintech-tv/graham-bright-euro-exim-bank-on-predictions-of-financial-industry/

Something happened with their business profile in april/may 2017. Swell was an event in october 2017 and 2018. Graham Bright, who worked for SWIFT for 20 years must have picked up on what was going on with Ripple back in 2017.

They are clearly getting ready for the calamity that Brexit will be for the existing trade network of Europe. A campaign targeting British companies promising 3 second settlement at European and international harbors and airports over the next months will be a great advantage for these companies. March 30 2019 could be the day of complete standstill if Britain leaves the EU, which is scheduled on that date if a different agreement is not reached.

Remember that a lot of the money moving between these corporations and governments are based on credit and trust. Brexit throws a monkey wrench into the cogwheels running these networks of trust.

Edited by mandelbaum

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4 hours ago, mandelbaum said:

 

Something happened with their business profile in april/may 2017. Swell was an event in october 2017 and 2018. Graham Bright, who worked for SWIFT for 20 years must have picked up on what was going on with Ripple back in 2017.

 

Or maybe they believe using xRapid allows them to bypass an FCA ruling that prohibits them from offering payment services.

The more I look into this 'Bank' the more suspect I become of them. I of course want to see xRapid adopted just like we all do, but not with firms like this. Too many red flags, they have the potential to give Ripple a very negative reputation.

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6 hours ago, Archbob said:

I can't figure out if he's saying Jan 2019 or January 19th as an exact date.

would be a Saturday launch, unlikely.

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1 hour ago, BrownBear said:

Or maybe they believe using xRapid allows them to bypass an FCA ruling that prohibits them from offering payment services.

 

I don't think just because you are using xRapid, you get to bypass FCA ruling, don't really think that's how it works.

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6 minutes ago, Archbob said:

I don't think just because you are using xRapid, you get to bypass FCA ruling, don't really think that's how it works.

They have a registration for remittance services , which is not a regulated service according to the FCA.

They do, however, offer bank accounts and other banking services, which are. They do have a St.Lucia banking license (https://fsrastlucia.org/index.php/international-sector/international-banks/regulated-entities) for doing so, but they are a UK registered business. To get clarity I have taken up the matter with the FCA and they have come back saying that they will look into it, however, they cannot divulge anything on what action or whether any action will be taken. According to their guidelines, they cannot even say if they are or aren't investigating anyone - see here https://www.fca.org.uk/freedom-information/information-we-can-share

I assume though that if there is indeed something amiss, they will make their findings public and/or shut them down.

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8 hours ago, Cesar1810 said:

https://mobile.twitter.com/diepsanh/status/1085176594430226435?s=21

hello friends ... not publish well ... even the source I can not corroborate because the video can not be translated.

will it be correct?

I hope it works for something. a hug to everyone and hodl

He confirms in the comments that Jan19 (January 2019) is the month the video was made.

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The intent of Ripple was to choose small bank for the reason not to activate so big attention from all the retailes and bigger speculators. A lot og people think - Exim is a small bank and will not make any important change.

But liqudity is the hidden answer. They will have to rise the price of XRP and that explains Brad’s statement that XRP could take the first place in a blink of an eye. ;)

Let’s see what will happen. I’m curious.

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Quote

Euro Exim Bank Limited is an innovative global financial institution with head Office in St. Lucia and representative office in London.

We hold a "Class A" international banking license from Financial Services Regulatory Authority (FSRA) of St. Lucia.

- https://www.euroeximbank.com/trade-finance-company.php  stock photo website. Not the 'big player' that hodlers might be looking for. 

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3 hours ago, BrownBear said:

Or maybe they believe using xRapid allows them to bypass an FCA ruling that prohibits them from offering payment services.

The more I look into this 'Bank' the more suspect I become of them. I of course want to see xRapid adopted just like we all do, but not with firms like this. Too many red flags, they have the potential to give Ripple a very negative reputation.

Good points you've raised. Their banking license as well I think currently is with St Lucia, which is a tiny island nation so I'm guessing this is a shell bank for anybody interested in tax evasions :D

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