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    Tuesday, November 27, 2018

    Ripple Daily Ripple/XRP Discussion Thread 11/28/18 [Questions and Price Predictions]

    Ripple Daily Ripple/XRP Discussion Thread 11/28/18 [Questions and Price Predictions]


    Daily Ripple/XRP Discussion Thread 11/28/18 [Questions and Price Predictions]

    Posted: 27 Nov 2018 08:06 PM PST

    Hello! It's Wednesday. Welcome to our daily discussion thread.

    You can discuss anything related to Ripple and XRP here.

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    submitted by /u/AutoModerator
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    200,000,000 XRP (almost 70 Million USD) moved from Ripple Escrow to Ripple Distribution wallet

    Posted: 27 Nov 2018 12:52 PM PST

    Decentralization update: Ripple dominance on UNL down to 27%

    Posted: 27 Nov 2018 03:59 PM PST

    AUS exchange now trading XRP!

    Posted: 27 Nov 2018 08:52 PM PST

    Bit Trade - Australia's longest running crypto exchange - has added XRP to the platform! Our users voted for their favourite assets and XRP was a clear winner. We'll also be adding more assets in the coming months, so watch this space.

    For more info about our recent update, visit https://btrade.io/site/blog/product-announcement/2018/11/28/product-update-LTC-XRP-trading/

    submitted by /u/bta_helpdesk
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    XRP the longest period as 2nd largest cryptocurrency

    Posted: 27 Nov 2018 04:06 AM PST

    Skrill is adding #XRP list of #cryptocurrencies you can buy and sell.

    Posted: 27 Nov 2018 02:04 PM PST

    XRP Ledger Volume Spikes

    Posted: 27 Nov 2018 12:42 PM PST

    "Fun being the @Ripple guy sitting next to representatives from four big global banks"

    Posted: 27 Nov 2018 01:30 PM PST

    Bank of England and UK Authorities Positive Stance On Distributed Ledger Technology

    Posted: 27 Nov 2018 03:40 AM PST

    Yesterday I was doing some research into the adoption of Ripple's products and DLT (Distributed Ledger Technology), and I came across a letter send by Mark Carney, the governor of The Bank of England, to Nicky Morgan MP, the Chair of The Treasury Committee in the UK in July 2018.

    In my opinion, there are several key points mentioned in this letter that could mean a thing or two: -

    1- Bank of England does not see most crypto-assets to be effective for use as a currency to ever cause a threat to traditional fiat currencies. It also sees the value of most crypto-assets to be based on their claimed potential use as currencies which could be proven worthless in the future.

    [ My own interpretation is that any crypto-asset, that doesn't have a use case other than being a "currency", will most probably fail according to the bank's view ].

    2- The bank has been looking into implemrnting the use of DLT into their system, but claim that it is not yet reliable or mature to run on such a large scale. The bank is still working with other institutions in order to further assess the benefits of using DLT.

    [ Very expected as larger initiations will be hesitant to implement products from start-up companies. However, it is obvious that the bank is definitely willing to incorporate DLT into their system once they are confident that it is reliable and mature, which I believe will happen eventually but will take a few more years ].

    3- The bank worked with Ripple in 2017 to test it's technology but did not implement it.

    [ The bank is definetly still working with Ripple as it is the leading company offering products using DLT. xRapid was not fully developed at that time, showing that the bank will most likely find huge value in xRapid compared to other DLT products they have tested ].

    4- The bank will work with HM and FCA to deliver a Crypto-Asset Taskforce report, which was later published on 30th of October 2018. The report clearly states that current regulations do not stop any financial insitution from implementing DLT into their system. Also, it lists future work related to crypto-assets to be carried out by UK authorities, most of the by early 2019, including Bank of England plan to fully prepare their RTGS system to interface with innovative DLT-based payment platforms. The bank stated that it will provide a timing for the expected competition of this work by the end of 2018.

    Overall, it is clear that the Bank of England, and other banks in the the world, are all very interested in utilising DLT. I have no doubt that Ripple will be leader in delivering DLT solutions. However, this level of adoption is still at least a few years away in my opinion, as it takes a lot of research, testing and regulating within institutions to carry out such a huge step towards changing their infrastructure.

    Letter: https://www.parliament.uk/documents/commons-committees/treasury/Written_Evidence/govenor-boe-digital-currencies-160718.pdf

    Crypto-Asset Taskforce Report: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/752070/cryptoassets_taskforce_final_report_final_web.pdf

    submitted by /u/flafel
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    Ripple (XRP) - what makes it so important in next year...

    Posted: 27 Nov 2018 02:33 AM PST

    There are many thoughts in Ripple community for its future implementations. Its potential to become most successful technology is quite high, as it is not just about crypto tokens but about the future of blockchain as well. Year 2019 is going to be quite crucial for it.

    submitted by /u/manoj4raturi
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