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    Home Unlabelled Ripple Daily Ripple/XRP Discussion Thread 04/23/18 [Questions and Price Predictions]

    Ripple Daily Ripple/XRP Discussion Thread 04/23/18 [Questions and Price Predictions]

    April 23, 2018

    Ripple Daily Ripple/XRP Discussion Thread 04/23/18 [Questions and Price Predictions]

    Daily Ripple/XRP Discussion Thread 04/23/18 [Questions and Price Predictions]

    Posted: 23 Apr 2018 01:14 AM PDT

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

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    RE: I pitched Ripple to My companies CFO.

    Posted: 23 Apr 2018 06:50 AM PDT

    A few months ago I made a post here after I pitched Ripple and Blockchain technology to CFO of the company I work for (FTSE 100 company with 45,000 employees). As the business operates in the assurance and Inspection industry, Blockchain would be very useful to them to validate Inspectors authenticity when they complete Inspections of various products etc. They also handle massive inter-company and inter-country invoices, which require huge stacks of money to be put into foreign currency accounts for conversion. I identified xVia to be the best product Ripple offer to help give them a solution and allow them to not have to hold all that money in those accounts, hence freeing up liquidity.

    Well anyway, the feedback from my pitch a few months ago was that they wont touch anything with Cryptocurrency involved however a recent communication I received from the board of directors was that they were in the process of introducing Blockchain technology to validate Inspectors authenticity when carrying out Inspections. Funny that huh.

    It just goes to show that the big players in industry are aware of Blockchain technology, which is great for us but it also shows us that they understand the benefits it can bring to a business. I wouldn't be surprised in within the next year or two I see an email saying "We will be using Ripple for Inter-company/Inter-Country invoice settlements."

    submitted by /u/King_Tommm
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    Santander and Ripple - testing was very good

    Posted: 23 Apr 2018 10:30 AM PDT

    Faster Payment Taskforce of Federal Reserve might go with the proposal of Ripple?

    Posted: 23 Apr 2018 02:59 PM PDT

    The Faster Payments Task Force was convened by the Federal Reserve in May of 2015. The task force has focused on identifying goals and attributes of effective faster payment systems; proposing solutions and assessing their capability to achieve those goals; and championing the payment industry to take steps toward implementation and adoption of faster payments capabilities. (Source: https://fasterpaymentstaskforce.org/) (Source Ripple: https://ripple.com/insights/federal-reserve-task-force-ripple-improves-speed-transparency-global-payments/)

    Part of the steering commitee is Ryan Zagone (Director of Regulatory Relations at @Ripple. Steering Committee of @FedPayImprove. Advisor to @BetterThan_Cash.) (https://twitter.com/RyanZagone).

    What will bring this taskforce to us?

    Well, here you find all the solution proposals. Including that on from Ripple (I assume they made the deal): https://fasterpaymentstaskforce.org/effectiveness-criteria-and-solution-proposals/

    All recommendations: (Source: https://fasterpaymentstaskforce.org/goals-and-recommendations/)

    Recommendation 1 - Establish a faster payments governance framework: A voluntary, industry-led framework for collaboration and decision making is needed to execute on many of the task force recommendations and to achieve ubiquitous receipt – where all payment service providers are capable of receiving faster payments and of making those funds available to their end-user customers in real time – by 2020.

    Recommendation 2 - Recommend and establish faster payments rules, standards, and baseline requirements that support broad adoption; safety, integrity, and trust; and interoperability: Establishment and enforcement of cross-solution rules and standards will aid in achieving the core ecosystem goals of broad adoption; safety, integrity, and trust; and interoperability. These cross-solution rules and standards would encompass a baseline set of requirements that enable payments to move securely and reliably between solutions, and ensure end users have predictability and transparency in certain key features pertaining to timing, fees, error resolution, and liability.

    Recommendation 3 - Assess the payments regulatory landscape and recommend changes to the regulatory framework: The task force asks the Federal Reserve to initiate an effort with relevant regulators to evaluate current laws and regulations to ensure that they are suited to the unique characteristics of faster payments. The task force also recommends that a stakeholder group within the governance framework be formed to prioritize regulatory concerns and engage with relevant regulators on these issues.

    Infrastructure Recommendations

    Second, the task force recommends enabling needed infrastructure to support faster payments. This includes:

    Recommendation 4 - Establish an inclusive directory work group to identify and recommend a directory design for solutions to interoperate in the faster payments system: Developing a design for directory services is important for achieving the core ecosystem goal of interoperability. Recognizing there are a number of directory services currently in existence or under development, the task force believes that work on this effort should begin as soon as possible upon publication of this Final Report to progress toward a recommendation for a commercially viable model of directory services.

    Recommendation 5 - Enhance Federal Reserve settlement mechanisms to support the faster payments system: The task force asks the Federal Reserve to determine the optimal design of and implement a 24x7x365 settlement service to support the needs of the faster payments system. The task force believes that broader access to Federal Reserve settlement services will level the playing field and enhance competition among providers of faster payments services.

    Recommendation 6 - Explore and assess the need for Federal Reserve operational role(s) in faster payments: As faster payments are implemented in the market, the task force asks the Federal Reserve to explore and assess the need for an operational role(s) in the faster payments system to support ubiquity, competition, and equitable access to faster payments in the United States. In addition to providing for a settlement capability, such roles might include provision of directory services, transaction processing, network access, security, and/or cross-border payments.

    Sustainability and Evolution Recommendations

    Third, the task force recommends that the faster payments system in the United States be future-focused and able to address evolving security threats, meet changing end-user needs efficiently and effectively, and enable continuous innovation through new technologies. An effective system also requires an ability to monitor progress toward achievement of the task force vision, while taking action to address identified gaps and broaden end-user participation. This encompasses a variety of activities, including:

    Recommendation 7 - Recommend, develop, and implement methods for fraud detection, reporting, and information sharing in faster payments: Timely detection of fraud is important to building integrity and trust among end users in faster payments. As such, there are benefits that can be gained from timely fraud reporting and information sharing across solutions because it can highlight patterns in fraud and/or breaches that may not be visible to individual solutions alone.

    Recommendation 8 - Develop cross-solution education and advocacy programs aimed at awareness and adoption: Education and advocacy programs for both end users and service providers are an important part of achieving the core ecosystem goal of broad adoption. For end users, awareness and understanding of faster payments in general should be the focus. For service providers, programs should focus on awareness of the Effectiveness Criteria, particularly "Usability" (U.2) and "Accessibility" (U.1), as well as the baseline requirements for faster payments established under the governance framework.

    Recommendation 9 - Conduct research and analysis to address gaps in cross-border functionality and interoperability: Research and analysis should be undertaken to advance understanding of the requirements for cross-border interoperability with various jurisdictions, and develop recommendations to enable interoperability between faster payments solutions in the United States and faster payments solutions in other country jurisdictions.

    Recommendation 10 - Continue research and analysis on emerging technologies: New technologies have the potential to change the payment landscape. As such, it is important to deepen understanding of the risks they may pose, as well as the potential they might offer, particularly with regard to enhancing security and/or meeting largely unmet needs in cross-border transactions and among underserved end users.

    The Path Forward and Next Steps

    The task force believes that implementing these recommendations will lead to a payment system in the United States that is fast, ubiquitous, broadly inclusive, safe, highly secure, and efficient by 2020. To meet this aggressive timeframe, executing on these recommendations must commence this year and be sequenced to ensure appropriate resources are deployed in a timely manner and used effectively. As such, the task force recommends that work on critical path activities begin immediately and proceed as follows:

    Steps for 2017

    To provide early direction for the development and evolution of faster payments solutions already in and entering the market, the task force recommends the following activities start as soon as possible following publication of this Final Report:

    Develop a governance framework proposal A critical first step is establishing a governance framework (Recommendation 1) that will ultimately have responsibility for implementing many of the remaining recommendations. In fact, this work has already begun with the formation of an Interim Collaboration Work Group (ICWG), which will develop, publish, and solicit public comment on its proposal for a governance framework. Stand up informal work groups The task force expects groundwork to begin as soon as feasible on rules, standards, and baseline requirements (Recommendation 2); applicable regulatory requirements (Recommendation 3); and directory design to facilitate interoperability (Recommendation 4). Begin work on a 24x7x365 settlement system Because broad access to settlement services will help level the playing field and enhance competition among providers of faster payments services, the task force calls on the Federal Reserve to begin efforts immediately on a 24x7x365 settlement service (Recommendation 5). Begin to assess the need for Federal Reserve operational role(s) To ensure ubiquity, competition and equal access to the faster payments system, the task force calls upon the Federal Reserve to initiate an exploration and assessment of the need for Federal Reserve operational role(s) by year end (Recommendation 6).

    2018 (and beyond) Completion of the work of the ICWG will lay the foundation for a substantial amount of critical work to take place as soon as possible in 2018. This will include:

    Establish the governance framework and its members The governance framework will enable collaboration and decision making on cross–solution issues that are vital to the development of the faster payments system. This will include taking the groundwork provided by the informal work groups and using it to facilitate establishment of cross–solution rules, standards and baseline requirements (Recommendation 2) and a commercially viable directory design for solutions to interoperate (Recommendation 4). In addition, the groundwork provided by the informal work group on regulatory requirements will support ongoing engagement with relevant regulators under the governance framework (Recommendation 3). Carry out the work envisioned in Recommendations 7–10 The task force expects the members of the governance framework to convene and provide resources for groups to execute on the desired deliverables for key activities as quickly as possible, including fraud detection and information sharing (Recommendation 7); cross–solution education and advocacy (Recommendation 8); research and analysis to address gaps in cross–border functionality and interoperability (Recommendation 9); and research and analysis on risks and potential benefits of emerging technologies in the faster payments context (Recommendation 10).

    submitted by /u/The-Foundation
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    Security Tips for Crypto Newbies

    Posted: 23 Apr 2018 11:36 AM PDT

    https://xrphodor.wordpress.com/2018/04/23/security-tips-for-crypto-newbies/

    If you know a family member or friend that's new to crypto, it's probably a good idea to remind them that they should step up their game when it comes to online security.

    In my latest blog I provide some high-level recommendations with the input of Ray Watson, a noted independent Infosec researcher and lecturer.

    I hope you enjoy - and feel free to leave any feedback below!

    -Hodor

    submitted by /u/Hodor7777
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    "We collaborated with @Ripple , we've been testing for two years.... it works, it's safe, it's fully compliant."

    Posted: 23 Apr 2018 12:49 AM PDT

    Sweeping Citigroup report highlights potential impact of Ripple... says banks must adapt to new tech or risk 'going the way of the dinosaurs'

    Posted: 23 Apr 2018 08:34 AM PDT

    Short-Term Breakout?

    Posted: 23 Apr 2018 07:21 PM PDT

    SBI + MasterCard + ApplePay. Is Ripple in the background?

    Posted: 23 Apr 2018 06:57 AM PDT

    Ripple and Electric Utility Application

    Posted: 23 Apr 2018 02:58 PM PDT

    So I've attempted to find some relevant and reputable YouTube videos explaining how electric utilities could utilize the Blockchain or specifically Ripple, but am not finding good sources. I figured I ask straight on this sub.

    Can the electric utility benefit from using Blockchain/Ripple for their everyday operations? For example Grid Modernization and distribution Microgrids Solar and wind applications How customers pay bills Smart Meters (has to be some way to apply this) Market Operations (bidding fuel)

    I work in this industry but you guys have proven to be a sub that is much more focused on application and I can appreciate it. Would love to hear your thoughts and any resources to help me future educate myself on applications! Cheers!

    submitted by /u/Tikola_Nesla1
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    When to reup on XRP?

    Posted: 23 Apr 2018 07:47 AM PDT

    First post long time lurker here. First got in at $1.10 and dollar cost averaged my way down to .65. I want to make my last considerable buy order soon (fomo I guess) I know that nobody can predict the future, but what are we looking at here for the next coming days? Will we see some correction, or has that already happened over the weekend? Are we strong at .87? I believe in Ripples vision and do believe that any price under a dollar is a good buy and will soon be a steal. I just want to maximize my potential in these early days. Thanks Everybody!

    submitted by /u/JoeyJUULS
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    Ripple's Huge Plans With Santander & Michael Arrington's XRP Crypto Hedge Fund!

    Posted: 23 Apr 2018 07:56 AM PDT

    XRP Prediction. This link will be accesible Tuesday or Thursday and will contain valuable information that will affect the value of XRP instantly (The Q1 report of course)

    Posted: 23 Apr 2018 10:28 AM PDT

    Vote for xrp to be listed

    Posted: 23 Apr 2018 09:49 PM PDT

    Michael Arrington talks about his XRP fund!

    Posted: 23 Apr 2018 12:47 AM PDT

    Major UAE Bank Implements Blockchain Tech To Prevent Check Fraud

    Posted: 23 Apr 2018 03:01 AM PDT

    Speculating on Cause of Delay of Announcements until 200

    Posted: 23 Apr 2018 10:01 AM PDT

    So. I've been thinking about the delay in announcements until 200 partners.

    Do you think it's possible that Ripple is waiting for one huge announcement to create massive fomo for liquidity?

    At that point they could have their customers rollout xrapid live.

    Could they announce Amazon, Uber, Apple, Chase, Coinbase and more all at the same time to drive the price up to make it possible for a big stabilizing xrapid launch?

    submitted by /u/oakholmen
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    Any news about the wallet reserve, should we say something to ripple?

    Posted: 23 Apr 2018 10:55 AM PDT

    Does anybody even know anything about this? I am a 16 year old kid who has accumulated 299 ripples overtime, but i have used two wallets to get here! This means that 40 ripples are stuck... 13% of my investment is just stuck. Right now it isn't worth a lot of money but when/if xrp reaches for example 3$ those 40 ripples are a 120$ that i can never get back. (For me that is quite a bit of money...)

    So this is my question: Did ripple ever make any statements about this or does someone know anything about this that i don't know?

    I also hope that we can make a point and address this to ripple if there is enough support.

    BTW: please don't flame me...

    submitted by /u/Timmah-
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    How xPool may work? An attempted guess.

    Posted: 23 Apr 2018 12:27 PM PDT

    Anybody noticed the XRP/BTC flash crash on Bistamp?

    Posted: 23 Apr 2018 12:43 AM PDT

    Apparantly there was a huge sell XRP/BTC order executed on Bitstamp making the price drop to 101 sats last night.

    Screenshot: https://imgur.com/COr2yrh

    submitted by /u/Reco1986
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    Is this where mojaloop comes into play ?

    Posted: 23 Apr 2018 12:00 AM PDT

    My hatred for these people can't be overstated...

    Posted: 22 Apr 2018 10:13 PM PDT

    "If they are deemed to be securities, it could become illegal for Americans to trade them on most of the exchanges where they are now traded. That would make it harder to buy and sell them and depress their prices."

    https://mobile.nytimes.com/2018/04/22/technology/gensler-mit-blockchain.html

    submitted by /u/cryptocucc
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