SBI's large investment into R3, and SBI Coin

[ObservantOne]

Okay, so we see that SBI made a significant contribution to obtain large stakes in the R3 consortium. We also see that SBI has partnered with Ripple, and that SBI intends to create their own SBI coin.

How will this play out for Ripple, as well as investors in XRP? Will we be able to also invest in SBI coin?

Any input from knowledgable people, especially Ripple employees, would be appreciated. @JoelKatz, @nikb, @warpaul

[analystjv]

Link: http://asia.nikkei.com/amp/Business/Companies/Japan-s-SBI-megabanks-take-stakes-in-blockchain-group-R3

What can you say about this guys

[Hodor]

10 minutes ago, analystjv said:

What can you say about this guys

Check out:

https://www.corda.net/2017/05/r3-secures-largest-ever-investment-distributed-ledger-technology-usd-107-million-40-institutions/

If you look at the list of the banks, you'll notice MANY cross-overs with the list of banks that have been running XRP and RCL, either at the trial stage or actual production integrations!  Here's the list, with my bold * on the ones I know of:  

    Banco Bradesco
    Bangkok Bank
    * Bank of America Merrill Lynch
    Bank of Montreal
    Bank of New York Mellon
    Barclays
    * BBVA
    * BNP Paribas
    B3 (BM&FBOVESPA and Cetip)
    Canadian Imperial Bank of Commerce
    Citi
    Commerzbank
    * Commonwealth Bank of Australia
    Credit Suisse
    CTBC Financial Holding
    Daiwa Securities Group
    Danske Bank
    Deutsche Bank
    HSBC
    ING
    Intel Capital
    Intesa Sanpaolo
    Itaú Unibanco S.A.
    * Mitsubishi UFJ Financial Group (MUFG)
    Mizuho
    Natixis
    Nomura
    Nordea Bank
    Northern Trust
    OP Cooperative
    Ping An
    * Royal Bank of Canada
    * SBI Group
    SEB
    Societe Generale
    Sumitomo Mitsui Banking Corporation
    * TD Bank Group
    Temasek
    The Bank of Nova Scotia
    * The Royal Bank of Scotland
    U.S. Bank
    * UBS AG
    Wells Fargo
    Westpac

Basically, it looks like a lot of the R3 list of banks are already leaning heavily in Ripple's direction, which I think is a very positive sign.  I think for now they have to "play it Swiss" so to speak, until they finish off this next phase of their research. 

[Live4xrp]

Just now, Hodor said:

Check out:

https://www.corda.net/2017/05/r3-secures-largest-ever-investment-distributed-ledger-technology-usd-107-million-40-institutions/

If you look at the list of the banks, you'll notice MANY cross-overs with the list of banks that have been running XRP and RCL, either at the trial stage or actual production integrations!  Here's the list, with my bold * on the ones I know of:  

    Banco Bradesco
    Bangkok Bank
    * Bank of America Merrill Lynch
    Bank of Montreal
    Bank of New York Mellon
    Barclays
    * BBVA
    * BNP Paribas
    B3 (BM&FBOVESPA and Cetip)
    Canadian Imperial Bank of Commerce
    Citi
    Commerzbank
    * Commonwealth Bank of Australia
    Credit Suisse
    CTBC Financial Holding
    Daiwa Securities Group
    Danske Bank
    Deutsche Bank
    HSBC
    ING
    Intel Capital
    Intesa Sanpaolo
    Itaú Unibanco S.A.
    * Mitsubishi UFJ Financial Group (MUFG)
    Mizuho
    Natixis
    Nomura
    Nordea Bank
    Northern Trust
    OP Cooperative
    Ping An
    * Royal Bank of Canada
    * SBI Group
    SEB
    Societe Generale
    Sumitomo Mitsui Banking Corporation
    * TD Bank Group
    Temasek
    The Bank of Nova Scotia
    * The Royal Bank of Scotland
    U.S. Bank
    * UBS AG
    Wells Fargo
    Westpac

Basically, it looks like a lot of the R3 list of banks are already leaning heavily in Ripple's direction, which I think is a very positive sign.  I think for now they have to "play it Swiss" so to speak, until they finish off this next phase of their research. 

 

[Hodor]

4 minutes ago, PeteWisdom said:

Should I dump my XRP for SBI coin ?

Will SBI coin make XRP worthless?

Good God: No, and definitely No.

SBI owns a significant stake in Ripple; they would not sour their own investment.  Any plans for an SBI coin is merely a win-win in their view - RCL and XRP is much bigger than a new altcoin.  FYI - SBI also has a board seat on Ripple as a result of their investment. 

[diversify]

Can someone explain Corda and how it relates to XRP in layman terms please.  

[princesszerp]

6 minutes ago, PeteWisdom said:

Wouldn't it be better to wait until XRP drop below 10c again and then jump back in ?

I'm concerned that many of these banks will just use the Ripple network and their own coins and not bother with XRP.

XRP is getting hammered at the moment, and BTC and ETH are going bonkers !!

 

waiting for .10, good luck.  I'm guessing most of your knowledge base is from the polo trollbox.   You should troll the archives here for any and all things ripple.  XRP is a bridge currency and will most certainly be used by banks. Many banks will create their own coin, however bank "A" wont be accepting bank "B" coin. They will use xrp as the bridge between.

 

xrp isn't getting hammered. This is what happens when btc & eth rage, money flows that direction. When they correct down, money will flow right back to xrp because of its stability.

[Live4xrp]

9 minutes ago, princesszerp said:

xrp isn't getting hammered. This is what happens when btc & eth rage, money flows that direction. When they correct down, money will flow right back to xrp because of its stability.

...And if not corrected down...Still, money will flow in; Interoperability will still be the game... but for now I love what i see

 

[FMGC]

1 hour ago, Live4xrp said:

...And if not corrected down...Still, money will flow in; Interoperability will still be the game... but for now I love what i see

 

In that image of the presentation we see clearly RC Cloud, which is powered by Ripple’s solution.
R3 will use this last $107 million funding round to continue the development of Corda. Corda is an "open, enterprise-grade, shared platform to record financial events and execute smart contract logic." https://www.corda.net/
I see Corda's purpose as a complement to Ripple's financial solutions.
So seems very natural @sbigroupe purpose to obtain large stakes in the R3 consortium.

Edited May 25, 2017 by FMGC

[JohnX37]

Hi there,

i am new here and was invested with 100k+ XRP until now - and i made this account here to share my thoughts/ask my questions ...

I am a noob when it comes to investments, since my Bitcoin "matured" without me touching them...in the last few weeks i started trading a bit, but in general i wanted to go along with BTC 30% / XRP 50% / NEM 20%.

My "policy" set and forget that worked with Bitcoin, was a bit disrupted, when the news mentioned here popped up on a newschannel today...

This is why i became insecure - after some thoughts ...

Questions to the Pros or RCL Team:

#1)
I have no clue why SBI or any other bank needs Ripple when they use Corda.
If i look at their presentation, it feels like it is a 360 degree solution.

https://t.co/358rNMF87P
(Link to vimeo)

 

#2 
The answer (or my thought) is perhaps "they do not have coins that are accepted between other partner networks (e.g. SBI Coin to members outside R3)"
Which leads to my second question - if you convert from INR to XRP and back in a few seconds i think volatility will not effect the trade .. but why use a "volatile" token in the first place and not just a "non traded" coin on a private ledger the remaining parties agree on. (like a protocol more advanced than SWIFT).

#3 
Lets say the token is not volatile - so barely moving - why invest in the first place?
You cannot have both in my eyes ...

 

Thanks for your feedback!
 

John
 

Edited May 25, 2017 by JohnX37