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    Home Unlabelled Ripple Daily Ripple/XRP Discussion Thread 03/02/18 [Questions and Price Predictions]

    Ripple Daily Ripple/XRP Discussion Thread 03/02/18 [Questions and Price Predictions]

    March 02, 2018

    Ripple Daily Ripple/XRP Discussion Thread 03/02/18 [Questions and Price Predictions]

    Daily Ripple/XRP Discussion Thread 03/02/18 [Questions and Price Predictions]

    Posted: 02 Mar 2018 12:14 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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    A shop in Italy accepts XRP

    Posted: 02 Mar 2018 08:06 AM PST

    30 of Japanese banks tested, plan to use Ripple

    Posted: 02 Mar 2018 05:21 PM PST

    Woori Bank Completes Test with Ripple - Ripple CEO & Coinbase President on CNBC Fast Money 3/6/18

    Posted: 02 Mar 2018 04:00 PM PST

    Ripple Employee Spotlight: Warren Paul Anderson, Product Manager XRP Ledger

    Posted: 02 Mar 2018 12:07 PM PST

    I've been making crypto themed coins. Got a good number of requests asking for XRP

    Posted: 02 Mar 2018 07:11 PM PST

    GOOGLE PAY & RIPPLE partnership may be true IMO.- Chris Larsen founder of Ripple (XRP), and (very ) briefly one of the richest people in the world, talks at Google on Published on Feb 23,

    Posted: 02 Mar 2018 09:44 AM PST

    Market Makers will be the main holders of XRP. Not Banks

    Posted: 02 Mar 2018 05:15 PM PST

    I often see the FUDsters try and use XRP's volatility as another reason why banks won't use it.

    This is from XRPchat a few months back explaining how the volatility risk is removed from the banks:

    "The main holders for XRP are market-makers (MM). Market-makers bridge currency pairs as well as XRP through arbitrage algorithms. To do that, they need to hold various currencies and XRP on the Ripple network (RCL). Profit in MM is greater with higher network utility, and will likely be very profitable given the volume of global remittance. While MMs themselves may be subsidiary of banks, it is more likely that they are managed like investment funds. Private investors will place money with these MMs (e.g. Japan-Asia MM Fund, India-Singapore MM Fund, Asia-Europe MM fund) for earnings. Therefore, the risk of holdings are placed onto investors in exchange for profit made from network utility through market-making. Addressing volatility: The percentage volatility is high today simply because the number of participants (holdings of XRP) is comparably low. This can, and will likely be addressed through higher participation and thus pricing. "

    This is also a cool interview that Ripple did with an individual market maker way back in 2015 who made 7 figures from doing it:

    https://ripple.com/insights/the-life-of-a-ripple-market-maker/

    submitted by /u/JomadoSumabi
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    Ripple (XRP) Network Successfully Tested by Woori Bank of South Korea - News4C

    Posted: 01 Mar 2018 10:24 PM PST

    Interesting statment by Mark Carney, Governor of the Bank of England about their core systems reorganizing to support distributed ledger technology

    Posted: 02 Mar 2018 03:07 PM PST

    I saw Bloomberg's Stephanie Flanders interview on Bloomberg Technology TV today with Mark Carney, Governor of the Bank of England, so though I should share snippets of the interview and the anchor commentary that I've found particularly interesting with regards to Ripple:

    -"(snip) What we're doing at the Bank of England is we're reorganizing the core of the system in a way that allows new payment providers to just plug-in. They could be using distributed ledger technology, they could be using other technologies. And we're in a position where these innovative so-called PSPs will be able to provide those kinds of services. You've seen similar innovations amongst banks in the US, other places, so this is coming.(snip)"

    After the interview, Bloomberg's anchor Caroline Hyde commented (At 30:30):

    -"(snip)We know for a fact that they have employed Ripple, they've been working with this intermediate ledger company Ripple to test out this sort of blockchain technology"(snip).

    Here is the whole interview, starting at 26:00 - Caroline Hyde's insightful commentary starts at 30:30: https://www.bloomberg.com/news/videos/2018-03-03/bloomberg-technology-full-show-3-2-18-video

    submitted by /u/norsk45
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    Xrapid approaching critial mass... Better rush in.

    Posted: 02 Mar 2018 08:44 AM PST

    Every announcements that has happened in the last two months is institutions and banks testing xrapid. If you can't feel the institutional FOMO sentiment slowly building up in the space and keep going with stupid "but it's not using xrp" arguments well I think you don't even believe in Ripple s business plan and xrp itself and should leave your bags right now and miss what will probably be the biggest top 3 crypto pump to ever happen in crypto since the January one, because with that little commitment to an investment you're probably better off riding Twitter pump signal groups and bots.

    submitted by /u/rocksodr
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    @Ripple: RT @RyanZagone: .@Ripple applauds Mexico's lower house of congress for passing fintech rules, read more in my official statement. https://t.co/eYkiLQDJCs

    Posted: 02 Mar 2018 09:38 AM PST

    Ripple strategy, xRapid XRP and plans for the future. Great interview with Marcus Treacher @Ripple

    Posted: 02 Mar 2018 01:00 PM PST

    Information related services offer -Melbourne -Australia-Pay in XRP

    Posted: 02 Mar 2018 12:35 PM PST

    Hi Guys

    I would like to offer my consultancy and design services in network design anywhere in Australia. I have 20 years of experience in designing Cisco enterprise and data center networks. To promote Ripple XRP my services can be paid in XRP . Contact me.

    submitted by /u/rohanneal
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    All this good news - But what will trigger an XRP Price Increase?

    Posted: 02 Mar 2018 02:58 AM PST

    The XRP price is consolidating at around 1 dollar.

    We are witnessing a simply incredible amount of Ripple partners, testing/adopting their platform.

    The question is - what will be the trigger of the next bull run to $5+? I suspect 1 of 4 things:

    1) XRP listing on Coinbase

    2) The first Very Large institution using xRapid

    3) Rate Hike/Stock market stagnation -- money cycle will move from Equity Mkts to Debt/Crypto markets in an attempt to chase yield

    4) Regulation of the Crypto space, providing safeguards for Institutional Investors that prevent mkt manipulation by whales/PnD groups

    Every new adopter of xCurrent / xRapid just adds to an already large snowball at the top of a hill. That will soon start rolling.

    The rollout/adoption stage of XRP in its simplest form has 4 stages:

    1) Partners trialling XCurrent

    2) Partners using xCurrent

    3) Partners trialling xRapid

    4) Partners using xRapid

    The more partners -- banks / money transfer providers etc. for each step, the more chances that some of these will drip-feed to the next step.

    Ripple have done an incredible job* making the transfer from xCurrent (not requiring XRP) to xRapid (requiring XRP) a flick of a switch, and cost effective for any institution.

    This is why no adoption news is irrelevant, and just adds to the momentum that we will see when the price increase gets triggered.

    Interested to see if anyone else has a view on what the eventual XRP bull run trigger / BTC/XRP flippening will be?

    submitted by /u/urbanStigmata
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    South Korean Bank Trials Ripple for Overseas Remittance

    Posted: 02 Mar 2018 12:37 AM PST

    What to do with 548 characters private key ?

    Posted: 02 Mar 2018 03:14 PM PST

    Hello guys, When the official Ripple Desktop was still around, I generated & secured XRPs on their offline wallet. I extracted a 548 characters file finishing with "==" to store it on a secure support.This is some kind of private key but I can't find anywhere to insert it. Most wallets ask for a secret key which is at most 34 characters long. What should I do with this file ? How to extract a shorter key from it ? What does it represent ? Would it be my private key encrypted with my passphrase ? Thank you for your support

    submitted by /u/lapwat
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    XRP Burn rate tracker 2.0. More commas and less jitter!

    Posted: 02 Mar 2018 07:23 PM PST

    A friendly suggestion for all of us

    Posted: 02 Mar 2018 03:30 AM PST

    My English grammar is not that good, so please forgive me for my mistakes.

    I am a holder since the beginning of the year 2017 and haven't sold any coins yet. I still believe in Ripple even after the huge price drop at the begin of this year. Why? Because I don't care about the price of XRP. I look at the progress that the company is making and the challenges it's facing. I think it's going to take a while before the products of Ripple are fully implemented and used by their clients. So it while take some time before the XRP has an underlying value. What in my opinion is very important for the future of the coin.

    I also love this community but it bothers me that people expect an immediately increase in the price after a new post is published about a test that was completed successfully. I always wonder what made them invest in XRP.

    Could we please discuss the development, the progress, the core business and the challenges of the company Ripple? That's much more relevant for all of us. If you have faith in this company you don't care about the price of today or tomorrow.

    submitted by /u/pepsem
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    Ripple / XRP mentioned on Cash Show trivia app tonight

    Posted: 02 Mar 2018 07:27 PM PST

    Not that it is very important, but a question on the Cash Show trivia app asked what cryptocurrency is associated with the company Ripple. Being a low-key XRP hodler since November 2017, I was surprised to see XRP referenced on something like Cash Show. #XRPthestandard

    Also, if you play HQ trivia, check out Cash Show. It's far better IMO.

    submitted by /u/keller445
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    36:00 - Marcus Treacher on Ripple/XRP

    Posted: 02 Mar 2018 04:52 AM PST

    Future Of Ripple Xrp Against Bitcoin & Other Cryptocurrency

    Posted: 02 Mar 2018 12:45 PM PST

    Having a problem with Toast Wallet

    Posted: 02 Mar 2018 10:42 AM PST

    So I'm trying to get into Ripple because I honestly believe in it's potential more so than other coins. So I went to Coinbase and bought LTC and I figured I'd just use Shapeshift to convert it to Ripple but Everytime I've tried to convert it, it's saying that the address is invalid. I'm using the correct return address from Coinbase so I'm assuming it's the ripple address from the Toast Wallet that's the issue and I can't figure out what's wrong. Any help would be appreciated.

    submitted by /u/TeaAndFreedom
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    An interesting outlook on the stagnant price of XRP...

    Posted: 02 Mar 2018 09:18 AM PST

    I know from an investing point of view, a stagnant price isn't a good thing since clearly you want a good return on your investment. BUT let's back it up a little bit and see the big picture:

    One of the biggest critiques of the cryptocurrency market is how inconsistent prices can be and the instability in coin prices.

    From the perspective of a more traditional investor (The Warren Buffets of the world) this is an excellent trait for an investment. Something that won't be massively dropping or unexpectedly hitting an all time high without some proper company/technological growth.

    In my opinion...as long as Ripple is forming new partnerships and expanding their technology to new companies around the world, we are bound to win the long HODL, and the stability of XRPs price is an excellent trait to have for a cryptocurrency.

    That is all 👍

    submitted by /u/myfeetsmellallday
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    Mark Carney - BoE - Cryptoassets

    Posted: 02 Mar 2018 03:09 AM PST

    The head of the Bank of England is on bloomberg talking about Cryptoassets in the banking sector right now.

    Takeaways/short comments:

    • Talking about how positive he is feeling for payments becoming quicker cheaper, and more transparent with Cryptoassets.

    • His comments are primarily describing ripple/ILP standards. Financial institutions being able to send and settle payments quickly. And allowing for financial institutions and others to plug in to the payment network easily, even if they aren't using blockchain.

    • Thinks that Cryptoassets currently may not be quite up to standard to meet these banking requirements right now.

    • Thinks that the cryptos that will survive will be those who embrace regulations.

    • No specific cryptos mentioned.

    submitted by /u/Prince-of-Denmark
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