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MrSensible

XRP handled 7% of Total USD-MXN Flow

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21 minutes ago, Kiwi said:

Now I understand why DS sold at 0.30

Obviously we see things a bit differently. I find the figure impressive for such an early point in time. Going to be interesting to see how it grows on other corridors.

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25 minutes ago, elias said:

Funny because MoneyGram says they are only using XRP internally until their "innovation lab" figures out what it's for.

Rubbish.  

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Let's take a breath and think about this.... what did this news change? They're using Visa Direct in areas where they have a strong nostro/vostro presence without RippleNet members available to leverage the "xCurrent" component of RippleNet. This is no surprise as I'm sure they're using Swift GPI in areas as well. That being said, for Moneygram to specifically say that their treasury department is utilizing the ODL portion of RippleNet in their cross border flows is absolutely amazing! Sure, we'd love to see all of the small transactions utilize RippleNet but there isn't enough liquidity and market makers to allow this to be a reality in the short term so their treasury department is creating batch orders that most likely match the combined amount of cross border flows going through their systems. So a few things:

1. Why is this surprising? We all knew it was batch transactions just by looking at the consistent $$ sent through ODL

2. Would you expect it to be any different? The goal is for this to facilitate the elimination or significant reduction in nostro/vostro accounts, something directly controlled by treasury departments

3. Do you think it'll be this way forever? We're in maybe the "walk" phase of "crawl, walk, run" and this news, to me, is showing significant progress and positive implications for RippleNet as a whole. Moneygram is upgrading all of their tech, even in areas where Ripple cannot currently be effective. It's like being concerned that SBI will use Swift for some transactions while implementing RippleNet.

 

We're early. Zoom out.

Edited by Chris_Reeves

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1 hour ago, MrSensible said:

Surprised people aren't more excited about this. A crypto first...a digital asset that actually does something.

XRP and vechain being used at the enterprise level.

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