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Baboly

How RIPPLE is revolutionising financial services

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Great talk about Ripple!
https://www.brighttalk.com/webcast/15381/262389

Blockchain technology burst onto the scene in 2009 and has emerged as one of the digital era’s most promising innovations. From frictionless money transfers and lower transaction costs to seamless real-time payments, blockchain is completely reinventing the global transaction settlement process. 

In this webinar, Financial Services experts from everis UK and Dimension Data discuss how blockchain is transforming the way value is exchanged between people, businesses and devices, and outline emerging technologies allowing financial services companies to take advantage of distributed ledgers. They also look to the future of DLTs, sharing predictions on how these will become the standard technology behind transaction settlement for banks, financial markets, and asset exchange networks in the coming decade.

Speakers
•Steve van den Heever, Group Sales Director, Financial Services, Dimension Data 
•Isaac Arruebarrena, Blockchain Programme Manager, everis UK 
•Josep Alvarez Perez, ‎Partner, Head of UK Banking Practice and EMEA Blockchain Strategy, everis UK
61 mins 
 

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I really like how this presentation lays out the clear and distinct role ILP plays from the XRP Ledger - and proposed settlement use cases for XRP seem remarkably open-ended in terms of both time and scope.

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Commenter around 21:10 steps in and hammers home a point that folks here have discussed regarding the role this ability to conduct cross-currency transactions in real time plays in terms of reducing risk and improving regulatory oversight when it comes to liquidity risks and crises that any individual currency may face - effectively the XRP Ledger plays a role that minimizes the effects of liquidity shoftfalls on a global scale - liquidity can transport rapidly between institutions to level off and soften peaks and valleys during times of crisis - there is a very significant psychological component to having the ability to move money anywhere in real-time response to liquidity episodes. Less panic, less emotional trading, less need for bank holidays.

In other words, will XRP survive a financial crisis? Yes - not only be becoming a store of value - but by being the vehicle through which liquidity disruptions might be quickly resolved in real-time. This is an extremely attractive benefit from a regulatory POV.

Edited by jag216

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