Jump to content

Recommended Posts

@mars75 If i am going to be very conservative, and take the minimal value from the article, even then the facts put together proved the ground is ripe, supportive and mutually beneficial for such a partnership .. and for that alone your post is worth so much.. speculation then merely is about "All stars align, and all thigns fall in place, so can we expect a collaboration" ?

clear and good chances ! i woudl say personally speaking

thank you very much !

Edited by R8102V1D2D

Share this post

Link to post
Share on other sites

Your profile of India's needs got me to thinking about who else, other than the country's poor, might be interested in moving money quickly. I'm researching expat sites (use case!!) and foreign worker sites to see if the niche of almost instant transmission of payments might be promoted from OUTSIDE the country by those sending it in rather than from inside the country asking for it as a "banking" convenience.

Also, since the Indian government seems to have unilaterally worked to level the playing field for cash (fiat) by eliminating higher end denominations, perhaps the designation of XRP as a digital currency rather than as a digital asset could play a significant equalizer in the economy. XRP would not need to be the national currency but an alternative currency, similar to other foreign currencies that can be used locally, at a price. With Ripple's ILP, and XRP as a divisible "coin" for use, those who need a lower cost alternative to the traditional fiats can use this "as if fiat" as an intermediate step into traditional / legacy banking. Conversations on this site often mention the US FED as a supporter of the way Ripple is moving forward with its monetary approach but I believe the currency wars that would ensue from any major currency being replaced by a digital currency is a decades long process. Countries such as India have a unique opportunity to establish a hybrid model for its currencies (plural). I wonder if a plan to not only effect change at the non-efficient payment transfer points of pain but to effect it at the fiat option level could be done in a country like India.   ...just thinking aloud (or with keyboard, I guess).

Share this post

Link to post
Share on other sites

@mars75 I love the clearly deep research that went into this! 

As XRP investors, we have to collaborate and make educated guesses as to the next few chess moves from Ripple, the market, and other factors (e.g. The Gates Foundation)

I do believe you're onto something.  While Kosta Peric strikes me as a "big picture" guy that tweets about a LOT of new tech - not just Ripple - it is highly likely that Ripple tech fits directly into the Gates Foundation goals as you state.  In addition, it wouldn't take much of an investment from the GF to make a difference. 

  • Assets: 37 billion
  • Income: 53 billion

A spot of "smart money" investing by GF in some sort of joint venture with Ripple could definitely speed things in the right direction. 

Awesome job - and well-sourced!  :good:

Share this post

Link to post
Share on other sites

@mars75I'm surprised you didn't mention the Level One project by the Gates Foundation, it screams ripple, watch the videos :) 


rippleworks.org is doing good things too, ripple is obviously not involved much, but building infrastructure and networking that could eventually lead to a ripple solution...

Share this post

Link to post
Share on other sites
On 7/24/2017 at 1:46 AM, mars75 said:

CONTEXT: this is to address the speculation on a possible joint Ripple/Gates Foundation announcement

The Gates Foundation

So what is the Gates Foundation? Going off it's Wikipedia web page, the

Bill & Melinda Gates Foundation, also known as the Gates Foundation, is a private foundation founded by Bill and Melinda Gates. It was launched in 2000 and is said to be the largest transparently operated private foundation in the world.

The foundation has a number philanthropic goals with one being,


So what is one of the GF's strategy in accomplishing this? Targeting the Digital Payment Systems,


The Ripple/Gates Foundation Connection

Is there any connection between Ripple and the Gates Foundation? Well......

Besides the occasional Ripple Insight articles on the Gates Foundations progress on connecting people to financial services, the GF themselves have had their eye and interest on Ripple. Bill Gates himself has noted the significance of distributed financial technologies such as Ripple as a model to connect the world to financial services.


Within the Gates Foundation, there is an individual by the name of Konstantin Peric that shares an interest on Ripple due to his position in the GF. Peric is the deputy director of the Financial Services for the Poor team that focuses on digital payments. He oversees the strategy and grants to deliver digital payment solutions for the poor with current focus countries including Nigeria, Indonesia, Pakistan, India, Bangladesh.  


Just like Bill Gates, Peric has been previously covered on Ripple Insights for his work.


Peric himself has mentioned Ripple in a Newsweek article pertaining to "How Financial Inclusion Could Add $3.7 Trillion to the Developing World". In the article Peric explains one of the challenges they face is clearing and settlement between different providers. Explaining that the current financial system has a great deal of friction. He goes on to say, 

and then specifically mentions Ripple


Kosta has also been seen tweeting Ripple related news,

The SouthEast Asian Enviornment

As mentioned previously, Peric has a focus on countries that include Indonesia and India. India in particular has been undergoing some drastic changes within the country.  Over the course of a night, Indian citizens woke up to the news that Indian Prime Minister Narendra Modi had declared that the 500 and 1,000-rupee notes were no longer legal tender. The implications were great as



As a result, it has pushed the usage of digital payments in the country. Meanwhile, two nation wide movements have been undergoing for years now. India attempting to build the largest biometric centralized database (Aadhar) in the world and it's financial sector exposing itself and trialing blockchain technology.



Both movements are converging in a particular area in association to including the low income population of the country, the cellphone. A huge initiative behind publicly registering oneself into the biometric database (Aadhar) for the poor is the capability to purchase a cell phone and open a bank account once a digital identity has been created for the individual. On the blockchain end, different Indian financial institutions have been experimenting different systems utilizing blockchain technology. In an excerpt of an article written by Saurabh Agrawal, Co-Founder & CEO, Zebpay, he goes to say:


With the launch of the Unified Payment Interface in India, it allowed banks to transfer money directly to one another based on a single identifier, such as the Aadhar number.


The End Goal?

So let's try to tie things together.  The Gates Foundation, thru Peric, is involved in connecting poor and rural areas of India to the finacial system. While the country on it's end has begun to close the gap by being proactive and implementing different policies in regards to the inclusion of the poor into the financial system. All nicely tied by cellular devices. So where is Ripple in all this? Other than bringing some of the major Indian banks into the network, there has been one interesting development. 


There also has been some recent developments in regards to the ILP as well,

We also know thru the Japanese consortium of banks, there has been the development of a mobile application.


While new Ripple job positions have been opening in India with Dilip Rao relocating into the region to be more engaged on something.

I wonder what our friend Kosta Peric has been tweeting about....

(on a side note, Modi and Shinzo Abe are close. from what we hear about the Japanese government and it's financial system...... :) )



I've been saying this for months on XRPchat, Discord, Twitter. NPCI is going to make Ripple huge in India. The funny thing: dispite telling everyone, nobody responded. I have made quite a few predictions that have come to pass. Suggestions I make happen ~2-5 weeks after I press "post".

Sounds braggerty, whatever. Point being: intuition can be a powerful tool. If you can think like they do, and look into the future, you can make a whooooole lotta monies. 

Keep your eyes and ears open. Try not to get hyped up, or live presumptuously. Invest, and the rewards will be great. Trade, and the stress can be great. Know yourself: strengths, weaknesses, habits. If you dream as the dreamer has, you'll see what the dreamer sees. If you think as the dreamer does, you have an opportunity to look into the future. 

Share this post

Link to post
Share on other sites