Popular Post DreXRP Posted July 3, 2019 Popular Post Share Posted July 3, 2019 (edited) xCurrent is our core product. We have more than 200 customers using it, and we sign on average three to five institutions a week. (...) "The use case that we have around xRapid is that, rather than tying up capital, we reconcile the transfer of the messages and the value itself. xRapid is about sourcing on-demand liquidity. It’s not around trying to push financial institutions to use or buy cryptocurrency, but it’s using cryptocurrency, in this case our native digital asset XRP, as a bridge currency between two fiat currencies. This is helping users to have fast and low-cost provision of liquidity when they need it, without the obligation of tying up capital in advance in pre-funded accounts. xRapid went live last October, so it’s a very new product, but we have more than 20 financial institutions using it. (...) GTR: Speaking about the incumbents. Many banks today rely on Swift for their cross-border payments. You have worked on Swift’s most recent innovation, the gpi, which promises faster settlement times and more transparency. Swift says gpi is successful and now aims to sign up all of its bank members, which is more than 10,000, by 2020. Ripple, meanwhile, has a couple of hundred bank clients. Is Ripple a competitor to Swift? Delatinne: Personally, because I have been on both sides, I don’t think that we are competitors. We are two different things and at the end of the day, it’s about what brings value to the users. Swift is improving dramatically the way that the payments happen today, but it’s still about the messaging. You still send a message to another party. I don’t call it settlement, because this is not settlement, it’s around the fact that I can send a message in a faster way, and I can track it. This is an improvement from previously, where it could take days. So it is bringing a value. But it’s still decoupling the transfer of the messages, which are information around the payment, and the value itself. gpi is sending information. But with the distributed ledger, you can make the settlement at the same time. We are not replacing Swift, as Swift has its own value and I think we can be very complementary. It comes back to what is best for the community and how they can take advantage of both. (...) GTR: Finally, what are the future plans for Ripple? What will we be talking about a year from now? Delatinne: Now our focus in on the critical mass that we are building in terms of users. The first priority for us is volumes. If I compare to two years ago when the network went live, it is amazing: the network is really growing fast, and you see the network effects with the numbers that are added on a weekly basis. We are continuing to build this momentum. https://www.gtreview.com/news/fintech/ripple-talks-xrapid-swifts-gpi-and-facebooks-libra/ Edited July 3, 2019 by DreXRP faz, 7strings, xrphilosophy and 9 others 9 3 Link to comment Share on other sites More sharing options...
Guest Posted July 3, 2019 Share Posted July 3, 2019 This is why I feel there will be instances of swift utilizing Xrapid, I don't know where this idea of competition arises outside of Xcurrent. Swift does not have a product that competes with Xrapid. I really believe behind the scenes work is being done for the integration of Xrapid with Swift. Swift will need a common denominator DA such as XRP as a bank pegged stable coin will not suffice. I don't see swift developing their own digital asset that's not part of their core business, what they will do is leverage an existing DA that complies with their business model and has enterprise level support behind it. XRP is the only DA that fits this model at the time once the regulation smoke clears internationally I look for the bomb to be dropped on this alliance. Link to comment Share on other sites More sharing options...
Skippy Posted July 3, 2019 Share Posted July 3, 2019 Awesome highlights DreXRP and Cesar1810 2 Link to comment Share on other sites More sharing options...
Spartaksus Posted July 3, 2019 Share Posted July 3, 2019 I am a bit sceptical. Why do they hide the names of new partners? What is the best marketing for Ripple and partners than annoucement of the partnership. NDA? Maybe in case of some A-grade partners. These vague statements mean nothing if they repeat them x-times. Sorry Link to comment Share on other sites More sharing options...
Guest Posted July 3, 2019 Share Posted July 3, 2019 (edited) 1 hour ago, Spartaksus said: I am a bit sceptical. Why do they hide the names of new partners? What is the best marketing for Ripple and partners than annoucement of the partnership. NDA? Maybe in case of some A-grade partners. These vague statements mean nothing if they repeat them x-times. Sorry What did you just say I mean God it's so circular?? A lot of entities use NDA's, names will come out when the time is right Ripples goal isn't to pump XRP with speculation I am sure once things are good on paper and within the guidelines of any NDA if there is one we will see announcements. Repetition means a lot patterns are established with repetition and given the right patterns that repetition can easily become reality but the truth is you nor I know if a Swift partnership is forthcoming. I believe that one is because all the technical aspects of the products are aligning and one can complement the other in fact Xrapid could improve swifts product greatly, now swift could go out on a limb and make their own XRapid equivalent but they are a day late and a dollar short so why reinvent the wheel. Bottom line swift has everything to gain and nothing to loose with using Xrapid Hell they don't even have to partner with Ripple they could just utilize the software and still theoretically compete with Xcurrent. Again a lot of people miss this point "SWIFT DOES NOT HAVE A COMPETING PRODUCT FOR XRAPID!!!" So even a partnership is not needed for swift to utilize Xrapid. They can purchase a co branding license and Market Xrapid under their name. There are plenty of ways this can go but what is being said here is that the stars are aligning SWIFT has everything to gain and nothing to loose if they use Xrapid because if they utilize Xrapid or even Corda with xrp their competing with Xcurrent if they choose not to use Corda or Xrapid then well their Competing with XCurrent, Xrapid and Corda with XRP Edited July 3, 2019 by Guest Link to comment Share on other sites More sharing options...
retryW Posted July 3, 2019 Share Posted July 3, 2019 4 hours ago, Spartaksus said: I am a bit sceptical. Why do they hide the names of new partners? What is the best marketing for Ripple and partners than annoucement of the partnership. NDA? Maybe in case of some A-grade partners. These vague statements mean nothing if they repeat them x-times. Sorry NDAs. And it's not just other institutions putting NDAs up so Ripple can't talk. Ripple have also put NDAs in so some of their customers can't talk. (Proof in some video interview somewhere.) DreXRP 1 Link to comment Share on other sites More sharing options...
panmores Posted July 4, 2019 Share Posted July 4, 2019 Funny how they keep on repeating the 200 customers number since early year yet keep on repeating they're signing up a few new ones per week... Cesar1810, DreXRP and Cooliozxrp 3 Link to comment Share on other sites More sharing options...
PlanK Posted July 4, 2019 Share Posted July 4, 2019 ^ KInda holding out hope they're like the Marvel Hydra organisation and one day they're just gonna be like: Hydra/Ripple: "SURPRISE MOFO!!!" Cap USA/ Swift: "OMFG!!! Hydra/Ripple: "All your base pair are belong to us! Mwahahahahahahahahahaha!!!11" Cesar1810 1 Link to comment Share on other sites More sharing options...
DreXRP Posted July 4, 2019 Author Share Posted July 4, 2019 3 hours ago, panmores said: Funny how they keep on repeating the 200 customers number since early year yet keep on repeating they're signing up a few new ones per week... In terms of speed, we will see the 300 this year, maybe even at SWELL Link to comment Share on other sites More sharing options...
XRPage Posted July 4, 2019 Share Posted July 4, 2019 200, 300 or 3000.... We have heard the 2 or 3 new customers per week message for way too long now. No one cares anymore unless they start using xrp. panmores, Cooliozxrp, Spartaksus and 2 others 2 2 1 Link to comment Share on other sites More sharing options...
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