Ripple XRP Will be Used as FX Means of Settlement Instead of US Dollar – Wall Street Forum

[Wolex]

https://todaysgazette.com/ripple-xrp-will-be-used-as-fx-means-of-settlement-instead-of-us-dollar-wall-street-forum/

[JeffXRP]

I don’t understand how Ripple plans to compete with the liquidity of existing fiat Fx markets required for large transactions.  Even retail Fx liquidity is not enough sometimes.  If anyone understands how Ripple might compete on this large scale I’d like to know.   Where is the liquidity going to come from?   Thanks. 

[Guest]

 In a video clip showing discussion of the Wall Street forum

 

Does anyone have a link to the video mentioned? 

[Guest]

1 hour ago, JeffXRP said:

Where is the liquidity going to come from?  

I would expect the same sources that provide liquidity for fiat, Jane Street, for example. We'll just have to wait and see which market participants are willing to offer digital assets. 

Edited May 10, 2019 by Guest

[elppir]

Yes, but if they take a (big) risk by keeping digital assets they would like something (or a lot) in return for that. That would mean that the costs of transferring would go up. Is this a risk for cheap Ripple transfers?

[mandelbaum]

Guessing they are talking about this roundtable from september 2018?

The part about XRP, starts at around 13:00 minutes. Douglas Borthwick seems bullish.

https://youtu.be/2j747MrQN0U

 

Edited May 10, 2019 by mandelbaum

[XRPage]

Any proof central banks are partnering with Ripple other than articles in crypto media? 

[FOOD]

58 minutes ago, AlvaroXRP said:

Any proof central banks are partnering with Ripple other than articles in crypto media? 

Now you realize that "articles in crypto media" aren't good sources?!

When XRP is shed in a negative light and the article sources are shadier than the dark side of the moon, you don't seem to mind... infact you are often first to post them....

hhhmmmmmmmm..... I'm beginning to question your motives.

[Guest]

1 hour ago, AlvaroXRP said:

Any proof central banks are partnering with Ripple other than articles in crypto media? 

SAMA and BoE have worked with Ripple, signed agreements, done pilots, but I don't know if that constitutes partnering. Some might say it does, others not. 

[princesultan]

no references, no concrete facts, no dates. i said this in another thread and i'll say it again, these articles are ruining this forum. 9 times out of 10 i click on an interesting topic in this forum and it links to a b.s. article like this. we need to ban posts from awful blogs that have 0 credibility.

[Guest]

2 hours ago, mandelbaum said:

Guessing they are talking about this roundtable from september 2018?

The part about XRP, starts at around 13:00 minutes. Douglas Borthwick seems bullish.

https://youtu.be/2j747MrQN0U

 

I believe you're right. Thanks.

All I found was wallstreetforum.net 😂

[XRPage]

21 minutes ago, EcneitapLatnem said:

Now you realize that "articles in crypto media" aren't good sources?!

When XRP is shed in a negative light and the article sources are shadier than the dark side of the moon, you don't seem to mind... infact you are often first to post them....

hhhmmmmmmmm..... I'm beginning to question your motives.

Asking for sources is FUD too? Everyone should question your motives... It must be painful to be in red, sorry. 

[FOOD]

2 minutes ago, AlvaroXRP said:

Asking for sources is FUD too? Everyone should question your motives... It must be painful to be in red, sorry. 

Hey, I don't care how the referees handle the game; I simply want them to handle both teams the same way!

[mandelbaum]

23 minutes ago, LordVetinari said:

I believe you're right. Thanks.

All I found was wallstreetforum.net 😂

Someone just told me it was this clip from Twitter. Don't really know.

 

[JeffXRP]

9 hours ago, LordVetinari said:

I would expect the same sources that provide liquidity for fiat, Jane Street, for example. We'll just have to wait and see which market participants are willing to offer digital assets. 

Thanks.  Unless I am mistaken, those entities are providing liquidity simply because of the volume of buyers and sellers, making decent gains on the spread and commissions (and sometimes prop trading).  I’m just confused on why they would even do this for xrp and take on the potential counter risk of massive orders.   I mean if citi submitted a massive order through xrp on an open xrapid corridor, I suspect it would never go through or take a long time.  The existing structure can’t handle those transactions, right?  Maybe the solution is gradual increase in volume until we see massive liquidity.  I dunno, seems difficult.   Or the banks buy their own xrp?  That also seem off.  I can see why jpcoin has some appeal, at least from a liquidity perspective, which seems like the real issue.