ObservantOne Posted May 25, 2017 Share Posted May 25, 2017 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 Hodor and analystjv 2 Link to comment Share on other sites More sharing options...
analystjv Posted May 25, 2017 Share Posted May 25, 2017 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 1 Link to comment Share on other sites More sharing options...
Hodor Posted May 25, 2017 Share Posted May 25, 2017 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. wiredless1, Live4xrp and analystjv 3 Link to comment Share on other sites More sharing options...
Live4xrp Posted May 25, 2017 Share Posted May 25, 2017 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. Link to comment Share on other sites More sharing options...
Hodor Posted May 25, 2017 Share Posted May 25, 2017 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. Guest1, Duke67 and wiredless1 3 Link to comment Share on other sites More sharing options...
diversify Posted May 25, 2017 Share Posted May 25, 2017 Can someone explain Corda and how it relates to XRP in layman terms please. Link to comment Share on other sites More sharing options...
princesszerp Posted May 25, 2017 Share Posted May 25, 2017 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. AliK, Duke67 and XrayRomeoPapa 3 Link to comment Share on other sites More sharing options...
Live4xrp Posted May 25, 2017 Share Posted May 25, 2017 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 Roborovskii, Graine, btald1331 and 3 others 6 Link to comment Share on other sites More sharing options...
FMGC Posted May 25, 2017 Share Posted May 25, 2017 (edited) 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 wiredless1 and cmbartley 2 Link to comment Share on other sites More sharing options...
JohnX37 Posted May 25, 2017 Share Posted May 25, 2017 (edited) 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 Link to comment Share on other sites More sharing options...
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