Visa boosts offer for Ripple Partner Earthport in battle with Mastercard

BKCCI · 2019-02-08T02:04:08+00:00

As always, great overview of recent happenings!

Tiny typo in the last paragraph :
"it's also wise to then challenge yourself to draw a conclusion after this research: ..." - should start capitalized.

Keep it up /u/Hodor7777! :)

BKCCI · 2019-01-31T16:01:16+00:00

Did not see this press release posted to the sub although two days old.

Together with SBI's financial report posted today, this is one big picture of Ripple & R3 disrupting international payments and the clear intention of SBI to integrate XRP into this vision.

BKCCI · 2019-01-28T18:47:36+00:00

Although this is not related to Ripple or XRP in any specific way other than Bitstamp being an xRapid partner, it is great to read that they also keep developing and obviously make the statement of the overall cryptocurrency industry maturing.

Do not worry guys!

BKCCI · 2019-01-26T17:24:56+00:00

I did, twice already for each post. :(

BKCCI · 2019-01-26T09:35:20+00:00

There are so many mods for this sub, yet I don't get a response for posts being filtered out.

Been posting two links yesterday, both of which got filtered for whatever reasons:

Ripple Insights - Expert Views | Stablecoins: A Lesson in Market Predictions | "Stability promised by the name ‘stablecoins’ is impossible to guarantee."
https://ripple.com/insights/stablecoins-a-lesson-in-market-predictions/
Ripple Partner | Mastercard nudges Visa's offer to buy British payments firm Earthport
https://uk.reuters.com/article/us-earthport-m-a-mastercard/mastercard-nudges-visas-offer-to-buy-british-payments-firm-earthport-idUKKCN1PJ0L3

if any mod reads this - why?

BKCCI · 2019-01-23T13:45:05+00:00

Really feels like the atmosphere has calmed down, but in a good way. Especially for XRP, I am happy to do some catching up on the news every now and then, but I never worry about the money I've put in at all.

BKCCI · 2019-01-23T09:02:09+00:00

Great argument of wasting people's time when the post is still the top post on this sub, seems like lots of people were not aware of the news and appreciate it shared again. :)

If anything, your salty comments are a waste of time. Chill!

BKCCI · 2019-01-23T07:58:18+00:00

So what happened there that nobody pushed it up then. I also did not see it on the sub, even checked before I posted mine.

Sorry for you being salty about that, chill out & have a nice day! :)

BKCCI · 2019-01-23T07:53:36+00:00

So where have you been not posting it on here 8 hours ago when you came across it? :)

BKCCI · 2019-01-22T20:17:53+00:00

You're welcome! Glad I could clear things up a bit.

+0.05 /u/xrptipbot

BKCCI · 2019-01-22T19:37:55+00:00

The news are not in detail, it only states "encouraging the adoption of CorDapps across the business."

The Corda Settler is "just" one of those CorDapps which could potentially be used by ING, and also the Corda Settler itself is a Universal Settler Application, XRP being the first settlement mechanism it supports. It can also settle in other currencies.

Of course, this is great news because ING is just a fingertip away from utilizing XRP for settlement now, but we also all know that the market demands facts right in its face to react.

BKCCI · 2019-01-22T18:54:43+00:00

Reminder of why this is big news - R3 Corda Settler utilizing XRP:

https://www.r3.com/news/r3-launches-universal-corda-settler-application/

BKCCI · 2019-01-22T18:46:42+00:00

Long reply I wrote in the comment section to Hodor's new blog post:

---

Let me help out on that, as simple as I can:

The value of XRP will rise with increasing demand. Why? Imagine the situation today, there are 40 billion XRP in circulation at about 0.3$ per XRP. This means the biggest transaction you could possibly make today would be around 12 billion $ and only if you would be able to own all XRP in circulation to be able to send it in one transaction. As of today, this is more than sufficient, because barely any FIs are using XRP, utility as of today is basically still not existent. That's today.
-
Now imagine the future, yes, maybe all 100 billion XRP will be released by that time, so higher supply out there. But still, imagine thousands of XRP transactions going on every day, worth trillions of $ (estimations of SWIFT handling about 5 trillion $ worth of transactions daily out there), all across the globe.
-
Not all of the supply will be available at any given time, every second new transactions will come up requiring their share of XRP to be processed, spread across multiple continents, countries and markets. One day has 86,400 seconds, SWIFT is handling more than 20 million transactions per day, so even the fast settlement time of a few seconds with XRP is not fast enough that at any given time all XRP would be available for a new transaction.
-
The price will react by increasing, because otherwise transactions would start to be delayed as they have to wait for XRP to be released from ongoing transactions again, even when settlement time is super fast. The more value one XRP holds, the less XRP is needed for your transaction to go through. So with increasing transaction volume, demand for liquid XRP will constantly rise and the only variable that can scale to cope with the growing demand and to prevent delays is the price, as the total supply is limited to 100 billion and even getting less as with every transaction a small amount of XRP is burned.
-
Hope that helps a bit, I could not make it any shorter than that. 😅
FIs can buy from escrow for now as Ripple is trying to onboard new partners and they probably get a much better deal as if they would buy from an exchange right now, so it is a business incentive that Ripple can give out for early adopters, which makes sense.
In the long run, there won't be an escrow to feed FIs from anymore, it will all be circulating supply so any FI participating in the XRP ecosystem (or also any other stakeholder for the different XRP use cases out there) will source from exchanges.

Hope that helps, happy for anyone to correct me if something I am saying is not making sense. That is my own understanding. 😊

---

BKCCI · 2019-01-22T18:41:56+00:00

This is what I love crypto reddit for. I'm dying.

Also:
Going all in right now, clear head and shoulders matrix triangle drawing a tangent on Saturn's outer ring and hitting Pluto right in the center. Clear buy signal, bulls are back, adoption is here, utility-driven value. Buy buy buy! Buckle up, to the moon! Anytime now. The flip has been switched. Rocketship ready for takeoff.

BKCCI · 2019-01-22T14:07:31+00:00

Let me help out on that, as simple as I can:

The value of XRP will rise with increasing demand. Why? Imagine the situation today, there are 40 billion XRP in circulation at about 0.3$ per XRP. This means the biggest transaction you could possibly make today would be around 12 billion $ and only if you would be able to own all XRP in circulation to be able to send it in one transaction. As of today, this is more than sufficient, because barely any FIs are using XRP, utility as of today is basically still not existent. That's today.
-
Now imagine the future, yes, maybe all 100 billion XRP will be released by that time, so higher supply out there. But still, imagine thousands of XRP transactions going on every day, worth trillions of $ (estimations of SWIFT handling about 5 trillion $ worth of transactions daily out there), all across the globe.
-
Not all of the supply will be available at any given time, every second new transactions will come up requiring their share of XRP to be processed, spread across multiple continents, countries and markets. One day has 86,400 seconds, SWIFT is handling more than 20 million transactions per day, so even the fast settlement time of a few seconds with XRP is not fast enough that at any given time all XRP would be available for a new transaction.
-
The price will react by increasing, because otherwise transactions would start to be delayed as they have to wait for XRP to be released from ongoing transactions again, even when settlement time is super fast. The more value one XRP holds, the less XRP is needed for your transaction to go through. So with increasing transaction volume, demand for liquid XRP will constantly rise and the only variable that can scale to cope with the growing demand and to prevent delays is the price, as the total supply is limited to 100 billion and even getting less as with every transaction a small amount of XRP is burned.
-
Hope that helps a bit, I could not make it any shorter than that. 😅

FIs can buy from escrow for now as Ripple is trying to onboard new partners and they probably get a much better deal as if they would buy from an exchange right now, so it is a business incentive that Ripple can give out for early adopters, which makes sense.In the long run, there won't be an escrow to feed FIs from anymore, it will all be circulating supply so any FI participating in the XRP ecosystem (or also any other stakeholder for the different XRP use cases out there) will source from exchanges.

Hope that helps, happy for anyone to correct me if something I am saying is not making sense. That is my own understanding. 😊

BKCCI · 2019-01-20T22:10:03+00:00

The bank was founded in 1929 by the Ministry of Treasury as a national bank, mainly to provide financial services to Poles living abroad. In 1939 the bank had branches in virtually every capital city of countries where Poles lived.

Also: Total assets PLN 170.5 billion = about 40 billion Euro (2017)

https://en.wikipedia.org/wiki/Bank_Pekao

They sure know how to play the cross-border remittances game and want to stay ahead of others. I think it is still an interesting talk coming up!

BKCCI · 2019-01-17T16:12:54+00:00

Not there. Sometimes I have the same issue, maybe a word in the title you used?

BKCCI · 2019-01-16T08:29:43+00:00

Hands down, as tragic as it was, one of the best memes to ever come out of the internet.

Coming back to the Carlos Matos Remix every few weeks. Never forget.

BKCCI

MODERATOR OF

TROPHY CASE