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What Ripple means when they say a company is "using" XRP


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2 minutes ago, yxxyun said:

I don't think XRP is the most liquid asset,  the liquid is based trade volume I think,  and XRP 's trade volume is under BTC,ETH, BCH,LTC and EOS, normally the No. 5 or No. 6.

 

It is amazing to me that Ripple, who are supposedly focused on building liquidity, having the best asset technically for liquidity provision, a huge "war chest", the banking contacts and years head start, have somehow managed to get XRP trade volume lower than that of EOS. The XRP DEX itself is completely dead these days.

 

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If they literally say 'Every entrepreneur will use the digital asset XRP and the XRP Ledger' and then about 90% of the projects have nothing to do with that, apart from Wietse's XRPL Labs project (whi

Get new material or get lost.

It was announced in May 2018 that xPring would invest in companies that would build on the XRPL. https://www.ripple.com/insights/welcome-to-xpring/ "Every entrepreneur will use the digital asset

1 hour ago, Truckdriver said:

 

"40 percent of staff specialised in Anti-Money Laundering ...."

How many staff does EEB actually have? If 40% are in AML that could be 2 out of 5.

"As the first regulated bank to join the Ripple network"

What about all the other banks that are supposed to be on RippleNet?

 

 

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15 hours ago, yxxyun said:

I don't think XRP is the most liquid asset,  the liquid is based trade volume I think,  and XRP 's trade volume is under BTC,ETH, BCH,LTC and EOS, normally the No. 5 or No. 6.

 

XRP is not the most liquid asset. It should be to get and stay at its leading position.

What I'm looking for in the "near" future is building that liquidity in multiple corridors. Also looking at MGI, they could be the catalyst.

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15 hours ago, elias said:

It is amazing to me that Ripple, who are supposedly focused on building liquidity, having the best asset technically for liquidity provision, a huge "war chest", the banking contacts and years head start, have somehow managed to get XRP trade volume lower than that of EOS. The XRP DEX itself is completely dead these days.

 

The XRP DEX itself is completely dead because Ripple is not investing in it. And the community doesn't seem to be interested either. David said he would love it if the DEX got more attention however they don't seem to have focus on the community. I love that Bob Way joined the community and seems to be doing just that: spark the community into becoming actively involved.

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You took it too literally, you are using definitions of a fully developed ecosystem “the transport industry “. Put it in the same context, at the beginning of the development, If you are de inventor of the first car, and there are no roads for those cars to be used, and nobody knows what those cars can do to improve society, investing in the roads, which are needed for the car to be even used, would be the same as investing in the car industry. IOV is at that stage, XRP goes nowhere without an IPL network like Ripplenet and what others are building, for me those investments are investments in XRPL, even if they don’t touch XRP initially. We may go around about definitions, but we could agree that those investments, if proved useful in the future, are good. So let’s give to the Xpring’s team some support, instead of criticizing them mainly due to frustrations with price 

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On 9/1/2019 at 12:30 AM, elias said:

It is amazing to me that Ripple, who are supposedly focused on building liquidity, having the best asset technically for liquidity provision, a huge "war chest", the banking contacts and years head start, have somehow managed to get XRP trade volume lower than that of EOS. The XRP DEX itself is completely dead these days.

It's a good point.  It's one of those things that the even most positive of XRP holders can't deny (someone like myself).  It's on the same lines as "BTC just cannot scale" (which it can't) for the BTC maxis.  With these points, you just have to concede them and wonder how it pans out.  Gotta say I'm disappointed with Ripple in terms of scaling up liquidity. Got my own deadline of end of 2020 to sell-up so not going to do anything drastic. 

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23 minutes ago, 2ndtimearound said:

It's a good point.  It's one of those things that the even most positive of XRP holders can't deny (someone like myself).  It's on the same lines as "BTC just cannot scale" (which it can't) for the BTC maxis.  With these points, you just have to concede them and wonder how it pans out.  Gotta say I'm disappointed with Ripple in terms of scaling up liquidity. Got my own deadline of end of 2020 to sell-up so not going to do anything drastic. 

Is that crucial for Ripple to become a success? I honestly don't think so otherwise they would have been investing time and money into it. They abandoned it so it seems it's not valuable for them.

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7 minutes ago, SquaryBone said:

Is that crucial for Ripple to become a success? I honestly don't think so otherwise they would have been investing time and money into it. They abandoned it so it seems it's not valuable for them.

I really don't think that's the case though...I mean, if that's true, then all they've got is xCurrent competing with Swift GPI and XRP is left in the dust....losing value everyday (money they could make from future sales).   I think they're vulnerable to GPI being basically as good as xCurrent in terms of speed and low-cost...which doesn't put Ripple in a strong position at all.  XRP / xRapid is the unique product that can allow Ripple to corner the market.  I don't think they've abandoned it, but they're not doing a good job to build liquidity / they're taking a very long time to test xRapid via low liquidity production tests. 

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5 hours ago, 2ndtimearound said:

I really don't think that's the case though...I mean, if that's true, then all they've got is xCurrent competing with Swift GPI and XRP is left in the dust....losing value everyday (money they could make from future sales).   I think they're vulnerable to GPI being basically as good as xCurrent in terms of speed and low-cost...which doesn't put Ripple in a strong position at all.  XRP / xRapid is the unique product that can allow Ripple to corner the market.  I don't think they've abandoned it, but they're not doing a good job to build liquidity / they're taking a very long time to test xRapid via low liquidity production tests. 

I don't think we're talking about the same thing here. I'm talking about the DEX functionality in the XRPL. Not about abandoning the use of XRP.

They don't need the DEX to build liquidity.

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2 hours ago, SquaryBone said:

I don't think we're talking about the same thing here. I'm talking about the DEX functionality in the XRPL. Not about abandoning the use of XRP.

They don't need the DEX to build liquidity.

Ahh ok....well fair enough.  A true DEX is very hard to build liquidity for without huge marketing....can anyone name a truly popular DEX at the moment that is as liquid as the popular centralised exchanges?

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9 hours ago, 2ndtimearound said:

It's a good point.  It's one of those things that the even most positive of XRP holders can't deny (someone like myself).  It's on the same lines as "BTC just cannot scale" (which it can't) for the BTC maxis.  With these points, you just have to concede them and wonder how it pans out.  Gotta say I'm disappointed with Ripple in terms of scaling up liquidity. Got my own deadline of end of 2020 to sell-up so not going to do anything drastic. 

You should lengthen out that timeline or you are going to be disappointed. Garlinghouse only said $1 billion volume for x-rapid by end of 2020.

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1 hour ago, Archbob said:

You should lengthen out that timeline or you are going to be disappointed. Garlinghouse only said $1 billion volume for x-rapid by end of 2020.

If Garlinghouse said that, it will realistically be half that or even less.

Going by his track record he tends to run his mouth and under deliver.

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10 hours ago, Archbob said:

You should lengthen out that timeline or you are going to be disappointed. Garlinghouse only said $1 billion volume for x-rapid by end of 2020.

We will see...personally if XRP disappoints by the end of 2020 with no compelling developments for 2021 (that are confirmed), I'll sell the majority of my holdings and leave a smallish "outside chance of moon" bag :D

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