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Ripple making waves in China and Malaysia

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Ripple makes progress everywhere... but still, no one knows if it includes xrp use.  Ripple can be partners with every bank in the world and provide services that don't include xrp. All we can do is hope that xrp at some point in the future, comes into the picture.  

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1 hour ago, thetamind said:

Ripple makes progress everywhere... but still, no one knows if it includes xrp use.  Ripple can be partners with every bank in the world and provide services that don't include xrp. All we can do is hope that xrp at some point in the future, comes into the picture.  

You might even think they have a vested interest in that happening. But hey, maybe they haven't considered that...

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1 hour ago, thetamind said:

Ripple makes progress everywhere... but still, no one knows if it includes xrp use.  Ripple can be partners with every bank in the world and provide services that don't include xrp. All we can do is hope that xrp at some point in the future, comes into the picture.  

While they might not have referenced xrp directly, it surely appears as if xrp ties in perfectly with their intent:

Taking the exploration of the standard model of digital asset transactions as the direction,

Taking the research on the confirmation path of technology-empowered asset as the focus,

Taking the promotion of digital assets’ global mobilization as the goal.

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Posted (edited)
1 hour ago, thetamind said:

they never reference xrp directly.

And its never used. Pretty good reason to not reference it directly. They reference it if they were going to use it.

Edited by Archbob

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On 7/30/2020 at 10:14 PM, thetamind said:

Ripple makes progress everywhere... but still, no one knows if it includes xrp use.  Ripple can be partners with every bank in the world and provide services that don't include xrp. All we can do is hope that xrp at some point in the future, comes into the picture.  

Ripplenet without ODL can be copied relatively easily within a few years

ODL makes Ripplenet unique

To reproduce Ripplenet with ODL would take several years it would be so far behind the curve it would be almost certain to fail

ODL without Ripplenet is much harder to set up because Ripplenet gives ODL a direct pathway into the Banks

Ripplenet makes ODL possible

In all of this Ripplenet and ODL need each other.

Ripple and R3 are also a good match and need each other, although they are still fighting.  Fortunately SBI is on the boards of both companies and making them work together 

 

 

Edited by Julian_Williams

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30 minutes ago, Julian_Williams said:

ODL without Ripplenet is much harder to set up because Ripplenet gives ODL a direct pathway into the Banks

Ripplenet makes ODL possible

In all of this Ripplenet and ODL need each other.

In addition to this, it is my understanding that Ripple's goal is to have banks use ODL seemlessly as part of the Ripplenet experience.

So, in being part of Ripplenet, when a bank needs to complete a transaction, the transaction while find "the path of least resistance" which in many cases will likely be the ODL route once the market is built up enough.

It is not like in the early days when customers were led to choose xRapid or xCurrent.

Now customers use Ripplenet and have the ability to tap into ODL automatically when it is the best option. And, as the market gets bigger, it will likely always be the best option.

This isn't working 100% obviously becuase there isn't enough XRP liquidity between the various currencies but this is the goal.

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Nice find @LeonidasH!!! I almost forgot about Ripple's announcement of their on-premiss foray into China back in 2017. It took them about a year to fill that Head of China position (Mr. Li Yuanback in 2018. Everything surrounding Ripple's entrance and progress in China has been so low-key and stealth-like, I naturally assumed that things didn't work out or that the geo-political war between the US and China may have put things on hold. It goes to show you just how much is going on behind the scenes that we are not privy to know about. 

On 7/30/2020 at 5:14 PM, thetamind said:

Ripple makes progress everywhere... but still, no one knows if it includes xrp use.  Ripple can be partners with every bank in the world and provide services that don't include xrp. All we can do is hope that xrp at some point in the future, comes into the picture.  

 

On 7/30/2020 at 6:44 PM, WuWei said:

While they might not have referenced xrp directly, it surely appears as if xrp ties in perfectly with their intent:

Taking the exploration of the standard model of digital asset transactions as the direction,

Taking the research on the confirmation path of technology-empowered asset as the focus,

Taking the promotion of digital assets’ global mobilization as the goal.

Ripple's involvement with AsiaDB's Ocliven digital asset operation management system, sounds very similar to the recent developments with SBI Holdings group who will be leveraging XRP as part of global cash management and domestic and international remittances for intra-group settlement of financial obligations amongst companies associated with SBI and those throughout Asia more broadly via FxCoin. FXCoin will develop an XRP based swap market to help increase XRP liquidity as well to hedge the price fluctuation risk associated with using XRP for contract-based business-to-business payments. No matter how fast a digital asset may be able to clear a payment etc. institutional players are not willing to risk even those few 5-10 seconds it takes to clear payments via digital assets like XRP. Once you remove the potential risk associated with Fx rates, only then will institutional players come en masse.

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52 minutes ago, King34Maine said:

Nice find @LeonidasH!!! I almost forgot about Ripple's announcement of their on-premiss foray into China back in 2017. It took them about a year to fill that Head of China position (Mr. Li Yuanback in 2018. Everything surrounding Ripple's entrance and progress in China has been so low-key and stealth-like, I naturally assumed that things didn't work out or that the geo-political war between the US and China may have put things on hold. It goes to show you just how much is going on behind the scenes that we are not privy to know about. 

 

Ripple's involvement with AsiaDB's Ocliven digital asset operation management system, sounds very similar to the recent developments with SBI Holdings group who will be leveraging XRP as part of global cash management and domestic and international remittances for intra-group settlement of financial obligations amongst companies associated with SBI and those throughout Asia more broadly via FxCoin. FXCoin will develop an XRP based swap market to help increase XRP liquidity as well to hedge the price fluctuation risk associated with using XRP for contract-based business-to-business payments. No matter how fast a digital asset may be able to clear a payment etc. institutional players are not willing to risk even those few 5-10 seconds it takes to clear payments via digital assets like XRP. Once you remove the potential risk associated with Fx rates, only then will institutional players come en masse.

This swap market news is a very interesting development.  The importance has not sunk in yet.

https://www.crypto-news-flash.com/ripple-fxcoin-plans-xrp-based-global-cash-management-system/amp/?__twitter_impression=true

Edited by Julian_Williams

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52 minutes ago, Julian_Williams said:

This swap market news is a very interesting development.  The importance has not sunk in yet.

https://www.crypto-news-flash.com/ripple-fxcoin-plans-xrp-based-global-cash-management-system/amp/?__twitter_impression=true

I completely agree!!! These recent developments have gotten swept under the rug midst the recent rally in the crypto markets. 

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"...in being part of Ripplenet, when a bank needs to complete a transaction, the transaction while find "the path of least resistance" which in many cases will likely be the ODL route once the market is built up enough."

Once there is no regulatory risk or uncertainty for a bank to allow Ripple's software to route a payment via xrp, the banks won't care one way or another which path their payment ultimately takes, as long as it's secure. Nearly instant transfers, at mere fractions of a penny, will take hold as fast as Ripple can build out enough liquidity to prevent significant slippage.  After the regulatory "green flag" gets rolled out, there's no reason why they wouldn't allow Ripple's software to automatically choose the least expensive path.  

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