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    Wednesday, February 28, 2018

    Ripple Daily Ripple/XRP Discussion Thread 02/28/18 [Questions and Price Predictions]

    Ripple Daily Ripple/XRP Discussion Thread 02/28/18 [Questions and Price Predictions]


    Daily Ripple/XRP Discussion Thread 02/28/18 [Questions and Price Predictions]

    Posted: 28 Feb 2018 12:12 AM PST

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

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    submitted by /u/AutoModerator
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    Japan/Korea Ripple Test Is a Success! banks Pushing To Use Ripple!

    Posted: 28 Feb 2018 05:05 PM PST

    Best paragraph ever written about XRP

    Posted: 28 Feb 2018 10:41 AM PST

    From the cryptonews article:

    "Those who have argued that XRP will not be used by industry are now out of this conversation. Those who have argued that XRP's fluctuations in price will make the coin untenable for use by financial institutions are also no longer in this conversation—since the speed with which XRP closes transactions makes this criticism irrelevant, and since XRP use in the xRapid system is confirmed live with Cuallet. Those who argue that XRP is not a cryptocurrency are way, way out of this conversation, since the Cornell University XRP ledger publication clearly illustrates the wrongness of this fallacy."

    https://www.oracletimes.com/breaking-news-xrp-live-for-cross-border-payments-confirmed-while-cornell-university-publish-ripple-xrp-proof/

    submitted by /u/DynamoPro
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    The Rise of Fundamental Investing in Crypto: What it Means for XRP

    Posted: 28 Feb 2018 06:20 AM PST

    https://xrphodor.wordpress.com/2018/02/28/the-rise-of-fundamental-investing-in-crypto-what-it-means-for-xrp/

    Today's blog discusses technical analysis' current dominance of crypto markets; but it's also where I make a startling prediction. I predict that fundamental analysis will eventually rule the day in the crypto markets; I talk about which factors that individual investors should consider when evaluating crypto choices, and then point out where XRP stands in the mix.

    In crypto, it may be buyer beware, but investors have the ability to reduce their risk by conducting a proper analysis of choices.

    Hope you enjoy the read - please leave any feedback below.

    Thanks, -Hodor

    submitted by /u/Hodor7777
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    @Ripple: Thanks to @Bitso for hosting and to everyone who came out to the meet up this week in Mexico City. We're excited to continue to share how xRapid and $XRP can revolutionize cross-border payments. https://t.co/YH0nUtcwAT

    Posted: 28 Feb 2018 01:38 PM PST

    A kind reminder: XRP is a bridge currency. Bridge. An infrastructure that connects one point to another.

    Posted: 28 Feb 2018 12:34 PM PST

    FIAT is here to stay. The main (and current) focus of Ripple is Cross-Border payments/settlement. Ripple does not want to substitute FIAT, however possible this might be in the far future.

    And Ripple is here to flourish.

    submitted by /u/MK2311
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    Ripple invests in this company which rents out your objects using a ledger.

    Posted: 28 Feb 2018 09:58 AM PST

    Lets Talk about Codius!

    Posted: 28 Feb 2018 08:02 AM PST

    David Schwartz had this to say yesterday in his AMA on Codius

    "Codius can act as a generic, trustless counterparty. Such a gateway built on Codius could allow Ethereum, bitcoin, and other digital assets to trade on the XRP Ledger without that risk of counterparty failure.

    And, of course, the XRP Ledger has features like XRP autobridging that make it very efficient to provide liquidity to and from XRP for assets that trade on it."

    Now I am no expert, but I am shocked this isnt gaining more attention.

    Could codius solve bitcoins transaction fee problems?

    It allows XRP to act as a bridge for other CCs just seems amazingly complicated to me. But seems like this could be huge, and allow all other CCs to use the 1500 transactions a second XRP is capable of.

    Is this example correct; Person A is trying to send person B 1 bitcoin. Which has quite a big transaction fee, I believe around 1-2 percent. So person B is now getting 0.99-0.98 BTC.

    Whereas Codius, would source the cheapest XRP, convert Person As bitcoin to XRP, send XRP to person B instantly, for minimum fees, then transfer back to BTC? All being faster and cheaper than previous options?

    Would this not help the entire Crypto market? I feel like this would be huge.

    What am I not understanding correctly?

    submitted by /u/r8ers4life
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    I think the cuallix e- wallet, cuallet, use case is being over looked.

    Posted: 28 Feb 2018 10:26 AM PST

    Anyone anywhere can sign up for a cuallet,and access it on any web browser, iPhone app, or android app in the world. Cuallet to cuallet is instant thanks to xrapid. It comes with a linked debit card that works at any atm globally. This basically it lets anybody send money to each other instantly, if they have cuallet, and they will have access to that money instantly by way of debit card and atm anywhere in the world. That seem pretty big to me.

    Cuallet is a digital account that gives you access to online banking services for free without the need for a traditional banking relationship. It is an Electronic Wallet that lets you do Money Transfers to other wallets and banks, Bill Payments, and gives access to online and in-person transactions worldwide.

    I got my cuallet a few week ago, waiting for my debit card!. Support xrapid, sign up!

    http://www.cuallet.com/en/home/

    submitted by /u/mikenard77
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    This ECB official clearly doesn't know RIPPLE. Let's educate him.

    Posted: 28 Feb 2018 11:55 AM PST

    an Executive Board Member of the European Central Bank - Yves Mersch said that he is working along with other ECB members on a new payments system dubbed Target Instant Payment Settlement, or TIPS, which is expected to go live by November this year.

    Mr. Mersch claims the new TIPS system to be far better than the Blockchain which will deliver real-time payment transactions ...

    In an interview with Bloomberg earlier this month, Mr. Mersch said: "TIPS is 10 seconds, 0.2 cents. DLT transactions are at best 30 euros and take at least one hour. We have a mandate for efficient payment systems, and we go for efficiency. We are not bound to a technology, we are bound to results."

    This man clearly doesn't know what he is talking about.

    https://www.worldcoinindex.com/news/ecb-announces-a-new-blockchain-challenger-for-instant-payments

    submitted by /u/sponero
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    Ripple xCurrent vs. SWIFT gpi: A Win-Win for Consumers and Investors?

    Posted: 28 Feb 2018 07:00 PM PST

    As we head into March, one thing could not be clearer: Ripple is in direct competition with SWIFT in terms of getting banks to adopt their improved cross-border payment technologies. Want proof? Here are three of SWIFT's five most recent tweets:

    1. SWIFT announces today that more than 100 billion USD in #SWIFTgpi messages are being sent every day, enabling #payments to be credited to end beneficiaries within minutes - many within seconds.
    2. Ripple's 40-year-old rival is speeding up payments without using blockchain
    3. Swift speeds up cross-border payments, without #blockchain

    Each of those tweets, you may have noticed, are efforts to convince you that SWIFT can process cross-border payments as quickly as its main competitor, that is, Ripple. The only problem is that it can't, and even if it could, SWIFT is also downplaying the costs of its new technology as well as its known security vulnerabilities.

    As I see it, the competition between Ripple and SWIFT is one of those rare win-win scenarios for consumers as well as investors. If, as is likely the case, Ripple and SWIFT end up coexisting in the market, cross-border payments will get faster and cheaper for consumers, and similarly, investors should see healthy returns on their initial investments in Ripple.


    If you're new to cryptocurrency and fintech and are considering investing in Ripple, it's worthwhile to watch both of these videos:

    1. Ripple: Real-Time Cross-Border Transactions: https://www.youtube.com/watch?v=Q2YHhLkOO9g

    2. SWIFT gpi for Corporates: https://www.youtube.com/watch?v=ttJSO1xaLcA&t=3s

    submitted by /u/Wolgadeutsch
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    HSBC about to introducing Blockchain to it's customers

    Posted: 28 Feb 2018 12:14 PM PST

    I am not too much into the translation of the technical details. So: they are not testing with ripple, are they? All I could find is that they traded some high positions in the past.

    UK Bank HSBC Might Soon Pilot Live Blockchain Payments https://www.coindesk.com/uk-bank-hsbc-might-soon-pilot-live-blockchain-payments/

    submitted by /u/rfrenzel1
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    Regulator Clears Employees to Trade Crypto Coins

    Posted: 28 Feb 2018 02:36 AM PST

    Can anyone from Mexico try Cuallet and share their experience?

    Posted: 28 Feb 2018 09:16 AM PST

    So we just had our first official use case of xrp for what it was meant to do. Its the anti-FUD to everything ripple haters have been saying for a while. I would be very curious to hear about how it actually feels using the service. If someone in Mexico could test it out and give a review, that would be awesome. Some of the questions I have are: How seamless is the experience when using Cuallet? Does Ripple, xRapid or XRP get mentioned at any point? How fast is the transfer? What are the fees? How do they compare to those for Western Union,Moneygram or other international transfer services that exist in Mexico currently?

    Thanks!

    submitted by /u/petermih
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    Twitter shadowbanning xrp supporters

    Posted: 28 Feb 2018 04:58 AM PST

    It seems there is an all out war on xrp advocates.

    Even the xrptipbot was banned.

    Check out this tweet Check out @XRPTrump's Tweet: https://twitter.com/XRPTrump/status/968745920635506689?s=09

    Your help is needed!

    submitted by /u/kunafah
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    Will xRapid be adopted by banks?

    Posted: 28 Feb 2018 03:42 AM PST

    We see this question almost every single day, actually we see more "Banks will never use XRP" after all this time, after all these news and confirmations. Most of them are haters of course, some of them make the question because they have doubts or they are new. So, let's put things in an order:

    • Brad said that one of the largest banks in the world is interested in XRP.

    • Banks from Japan and South Korea are also interested and will be more when SBI exchange opens because as they said they will push the xRapid adoption.

    • xRapid is still on beta and a new product and hasn't yet gone live so banks can't go in yet as they wait for results and also we know that banks take a lot of time when they are to adopt something new.

    • In the end of 2016, 12 banks started testing XRP.

    • Bankera confirmed that they will use Ripple's technology along with XRP in their bank

    • The Head of XRP Markets in Ripple said few days ago that Ripple will probably get a few banks using XRP this year.

    So, if anyone here has still a single doubt please say it.

    submitted by /u/Panosmek
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    Banking Group SBI Delays Crypto Exchange Launch

    Posted: 28 Feb 2018 06:07 AM PST

    IndusInd Bank partners with ripple for cross border remittances

    Posted: 28 Feb 2018 08:40 AM PST

    Ripple Use Case Thought exercise. Mortgages!!

    Posted: 28 Feb 2018 06:45 AM PST

    The more I read and understand about Ripple, the more I come up with additional use cases. For anyone that doesn't know RippleNet is a distributed exchange itself and allows for gateways to provide access to other assets and allow trading between them. Currently the gateways provide access to other cryptocurrencies and Fiats. My use case comes from the fact that you don't have to stop at currencies. You could trade any asset. You could have a mortgage company become a gateway and offer deeds and buy/sell/trade mortgages to each other and source liquidity to offer loans to customers in the real world. I am sure it would more complicated then I have laid out but it is a possibility.

    submitted by /u/markyd83
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    Interesting!

    Posted: 28 Feb 2018 06:15 AM PST

    How banks test participation affects XRP price?

    Posted: 28 Feb 2018 05:09 AM PST

    hey guys!

    I'm not clear on Ripple business model really or at least how XRP value is generated. So firstly, do banks actually have to buy XRP when they decide to test RippleNet? if so, who they're buying from?

    Second, assuming bank decides to implement RippleNet in production. Does that mean they have to buy some amount of XRP to be able to cover their estimated trading volume when utilising the network? if so, again, who bank is buying from?

    And lastly, just how functionally useful is XRP for regular internet citizen like me?

    submitted by /u/Medardas
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    “Crypto Could Disrupt Banks”

    Posted: 28 Feb 2018 10:44 AM PST

    https://advisorhub.com/jpmorgan-joins-bofa-quiet-warning-crypto-disrupt-banks/

    The two banks who have taken steps to try and prevent their customers from purchasing cryptos have finally given an indication of why they are doing it (although hidden in a 301 page regulatory memo). They say that cryptocurrencies could disrupt part of the financial system and cause them "to spend more to modify or adapt its products to attract and retain clients and customers." The lack of awareness on their part about how this "disruption" is actually positive thing for banks and also them being concerned about how it could cost them more money shows what a bunch of senile halfwits they have running the show at both of those banks.

    submitted by /u/TalesoftheCrypto15
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