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    Home Unlabelled Ripple Daily Ripple/XRP Discussion Thread 02/02/18 [Questions and Price Predictions]

    Ripple Daily Ripple/XRP Discussion Thread 02/02/18 [Questions and Price Predictions]

    February 02, 2018

    Ripple Daily Ripple/XRP Discussion Thread 02/02/18 [Questions and Price Predictions]

    Daily Ripple/XRP Discussion Thread 02/02/18 [Questions and Price Predictions]

    Posted: 02 Feb 2018 12:15 AM PST

    Hello! It's Friday. Welcome to our daily discussion thread. Put your commentary in here.

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    submitted by /u/AutoModerator
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    Santander prepares for 2018 Q1 roll out of personal payments via Ripple

    Posted: 02 Feb 2018 08:10 AM PST

    After a successful pilot, @santanderuk is rolling out its @Ripple-powered mobile app to customers this quarter, letting them send money internationally in seconds, with just a few clicks.

    Posted: 02 Feb 2018 10:08 AM PST

    National Bank of Abu Dhabi: First Middle East Bank to Use Ripple for Cross-Border Payments

    Posted: 02 Feb 2018 09:19 AM PST

    Santander to Roll Out Ripple-Powered App in 4 Countries

    Posted: 02 Feb 2018 12:50 PM PST

    Santander Bank Officially Using Ripple & National Bank of Abu Dhabi Using Ripple for Cross Border Payments

    Posted: 02 Feb 2018 03:02 PM PST

    Ripple XRP Will Survive on New Partnerships Despite Crashes

    Posted: 02 Feb 2018 06:19 AM PST

    Ripple Coinbase/ Robinhood exchange

    Posted: 02 Feb 2018 05:53 PM PST

    I know a lot of people say let it happen when it happens but I think it's extremely important for the Ripple Community to show demand for xrp landing on a major exchange by replying to tweets by Brian Armstrong, coinbase, or Robin Hood Exchange.

    Whenever either 3 post a tweet I make sure to request xrp to be added to their platform.

    As a community we need to make sure that the pressure is on to create the liquidity 4 xrp to grow in the market and not be solely dependent on the movement of Bitcoin.

    submitted by /u/yous5257
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    Holding until XRP is what I use for payment instead of USD.

    Posted: 02 Feb 2018 06:38 AM PST

    I am holding XRP since around Dec. 21 or ~$0.70USD. Not worried at all. I am basically holding until XRP is what I use instead of Federal Reserve Notes, because, well yeah. Can't wait for the day to come. Actually split a bar tab with a friend a few days ago by sending him XRP. Thumbs up emoji. XRP use case is beyond what I have seen from any other coin and I will continue to stand behind it.

    Either way, thought you might enjoy a laugh at how much the MC for eBitcoin is. I can only imagine how far into the universe those with a position in eBitcoin are right now! :'D

    submitted by /u/commonpoop
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    @Ripple: .@RBS's @RickCrook lays out the case for why more #decentralization will benefit everyone in the digital asset industry. https://t.co/710B0a8vgR

    Posted: 02 Feb 2018 10:16 AM PST

    Discussions: Interledger (ILP) and its connection to Ripple

    Posted: 02 Feb 2018 05:25 PM PST

    In this sub there only seems to be discussions regarding bank adoption, which of course is a huge deal for XRP. However, what has potential to be a gigantic deal is adoption of interledger in my opinion. Not only for Ripple but for crypto too. Why can/can't we expect an interledger adoption and any effects it will have on XRP? Any expert?

    FYI: Below is a short article on the fundamentals of ILP for anyone wondering. Ripple has a goal of XRP being the path of least resistance in the interledger network. https://www.enterprisetimes.co.uk/2017/07/13/a-digression-what-is-the-ilp-or-interledger-protocol/

    submitted by /u/140110
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    The Case for More Decentralization

    Posted: 02 Feb 2018 09:26 AM PST

    Bitcoin needs to go - why this crash might be good in the long run

    Posted: 02 Feb 2018 01:50 AM PST

    Even though the main reason of the crash is the constant FUD that is going on since the beginning of 2018, another huge drawback for the cryptocurrency world is Bitcoin and BCash.

    • The transaction costs are unbearable.
    • The childish dispute between the communities hurt both currencies.
    • Lightning Network looks cool, but it is not widely known, and they started acting a bit too late.
    • Bitcoin is still the easiest cryptocurrency to get, and it attracts a lot of people (people without any kind of experience in the crypto world).

    The price of most cryptos are tied to the price of Bitcoin. This is not entirely Bitcoin's fault, but considering the points I just made, you can easily see why Bitcoin is bad for cryptocurrencies.

    • Through Bitcoin you can hurt all other cryptocurrencies.
    • Bitcoin FUD creates cryptocurrency FUD.
    • Market progression is impossible without Bitcoin progression.
    • Bitcoin news override other cryptocurrency news (which makes the market more inconsequential).
    • A weaking Bitcoin means a weaking crypto market.

    Looking at the case of XRP, you might be able to see what I'm really talking about right now. Besides from Coinbase saying they are not going to add XRP anytime soon (thanks to the backlash after their awful decision to just randomly add BCash), there were nothing but great news about Ripple, the company and their system, xRapid. But interestingly enough, those news had zero impact on the price of XRP. Why? Because Bitcoin was declining. Why? Alleged South Korea and India cryptocurrency ban, and investment firms spreading fake information. Would those news directly impact XRP? No. Did those news impact XRP through Bitcoin? Yes. Just look at the charts.

    So, why do I think this crash might be good for XRP in the long run?

    • Bitcoin might lose its first position, and if Ether will be able to take the first place, we won't have to worry about Bitcoin FUDs that much. (But, of course, if the same thing happens with Ether, and other cryptocurrencies start to follow its price, no progress was made.)
    • A lot newbies are panic selling, and basically losing all their money, which is terrible, but it definitely makes the market more realistic, as causeless hype is starting to fade away.
    • The remaining people will start to look at the currencies with real value and real world usability, and XRP is definitely one those "coins".

    So, what do you think?

    submitted by /u/werck
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    Does anyone know the real answer to these questions?

    Posted: 02 Feb 2018 03:44 PM PST

    When banks and FI's begin to use XRP for cross border payments, where will they buy their XRP from?

    Will it from an exchange like Bitfinex?

    Or will it be directly from Ripple? If so, at what price?

    And if they do buy directly from Ripple, how would this affect the market prices? Would it make no difference to market prices, as they are not buying on the "open market"?

    Im holding right now in the hope of this - banks and FI's will buy XRP in the future, increase demand and raise the market price. But if they buy direct from Ripple and not on the open market, would this mean that there would be no impact on the open market price?

    I cant find the answers to these questions anywhere. Pls help!

    submitted by /u/scropton
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    Buy the dip

    Posted: 02 Feb 2018 08:34 PM PST

    Right? Lol.

    To be completely honest, I bought in just under a dollar back in December, watched it like a hawk. Every few days it was 3 steps up, one step down, 3 steps up, one step down. I thought xrp was unstoppable... until it stopped. That was when I gave up on tracking it or even paying attention to it all. I haven't paid any attention to any crypto whatsoever. For a moment I almost forgot I was invested in it. I just checked and I see ripple at ~0.75 part of me wants to just cut my losses and continue to hold hoping that one day maybe xrp will take off again. Another part of me wants to buy the dip and a little more that double my portfolio size with the same size initial investment. Decisions, decisions...

    submitted by /u/DannyTwoHats
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    Accessing this sub on mobile

    Posted: 02 Feb 2018 08:53 PM PST

    I know it's not the right place but when you search for ripple on reddit you get a result that goes /u/Ripple for some strange reason it crashes the app...

    submitted by /u/k5nn
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    xRapid Liquidity Providers

    Posted: 01 Feb 2018 11:46 PM PST

    Market crash.... Blah blah. Moving on.

    It seems to me that the chess pieces are moving into place for major exchanges and financial groups to become THE liquidity provider hubs for xRapid on a more serious scale.

    Discounting the "dumb" exchanges that simply offer pair trading. Who will those providers be and which major FIATs will they be servicing?

    SBI Virtual Currencies goes live this month, coinciding with Japan and South Korean xRapid trials so safe to say that they are a shoe in for JPY. Who are the others and what indicators suggest xRapid/xPool integration?

    Other obvious contenders:

    Bitstamp XRP/EUR GateHub XRP/EUR Uphold XRP/USD?

    I'd love to see an geographic view of current/expected ripple liquidity providers and their FIAT offering.

    submitted by /u/S73417H
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    Question about XRP and $US -Federal Reserve

    Posted: 02 Feb 2018 08:21 PM PST

    Now I'm a huge fan of Ripple and have 0 doubts about the success of Ripple and XRP.

    I'm only talking based on my knowledge so please correct me if wrong. AFAIK most, if not all, banks hold and use $US for cross-border payments. This is true regardless of which fiat was originally used as they are all exchanged into $US first (I think).

    When (when not if :p) XRP is used by banks, they are no longer required to hold $US and so these will be 'released' which would potentially decrease $US 'value'.

    If above is correct then Federal Reserve would not want this. Hence they may not want banks to adopt XRP? And do whatever in their power to stop this from happening. i.e. bribery, media coverage spreading FUD etc etc

    Am I a conspiracy theorist for thinking this way?

    submitted by /u/luv_aronge
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    Article Written in December 2017 Hints at Crash

    Posted: 02 Feb 2018 08:02 PM PST

    Rock bottom -> higher possibilities

    Posted: 02 Feb 2018 06:22 AM PST

    I believe we have had the worst dips behind us. Leaving the market more solid than before. Ofcourse the moonshot to $3 was great. But in the back of our heads we all knew it had to collapse somewhere. And i guess we were all holding till it would have reached more and more. Wich in the end was the greed that got us at this point again. If the market recovers i believe we will gain momentum once again to reach a new ath but without the weak hands and the heavy FUD that surrounded crypto as a whole this last month. (Not that we won't encounter any FUD in the future). I guess what i wanted to say is this: For the prices to move forward we need these bubbles to "pop" once in a while. Learn from this, and use it to your advantage the next time. Because trust me on this, it will happen again. If not this year then the next one.

    XrpTheStandard

    submitted by /u/-Dutch-Crypto-
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    Commentary from Ripple?

    Posted: 02 Feb 2018 02:40 AM PST

    I know that Ripple doesn't like to comment on price, etc. but as a company with generally good PR they have been absolutely silent regarding this steep decline. I invested in XRP in large part because it had a face and a team of really smart people. Any idea if they are preparing something to put this crash into perspective for their clients and investors? How would they approach the massive volatility in regards to banks being risk adverse?

    submitted by /u/gregoryjs7
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    Where can I find the remaining amount of XRP left from expired escrow contracts?

    Posted: 02 Feb 2018 02:59 PM PST

    Ripple will release 1 billion XRP from escrow for each contract that will expire on the first day of every month and then return whatever is unused at the end of each month to the escrow rotation. Where can we find this type of information to show what was left, and which customers/institutions received the contract?

    submitted by /u/no-more-lurking-
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