Ripa Exchange is a customizable cryptocurrency
exchange solution architecture
enables easy connection to KYC/AML,
authentication, ETL/reporting, and other
services.
Topic: a tour through ripaex project's whitepaper - page 2. (Read 417 times)
So, you're basically copy paste a bit of the whitepaper in here so you can expect to get more views by that kind of strategy?
dear siri am a bounty participant in their signature campaign ,and there is a number of posts to be done
and the best way to know a project is studying its whitepaper, so every day i publish a small quote from the whitepaper
WHERE: any assessment of your local market should include: number of potential users to
reach, type of exchange to incorporate (FIAT,CRYPTO or CRYPTO,CRYPTO), type
of virtual currencies protocol to integrate (POW, DPOS, Masternodes, others...), types of
services to offer (exchange only, advanced trading tools, payment processor, others...), if
FIAT,CRYPTO exchange number of FIAT payments processors to accept (PayPal, OKPay,
MoneyPolo, others...), number of others exchanges in your region.
reach, type of exchange to incorporate (FIAT,CRYPTO or CRYPTO,CRYPTO), type
of virtual currencies protocol to integrate (POW, DPOS, Masternodes, others...), types of
services to offer (exchange only, advanced trading tools, payment processor, others...), if
FIAT,CRYPTO exchange number of FIAT payments processors to accept (PayPal, OKPay,
MoneyPolo, others...), number of others exchanges in your region.
So, you're basically copy paste a bit of the whitepaper in here so you can expect to get more views by that kind of strategy?
WHERE: the two critical factors affecting the cryptocurrency industry are competion from
banks and State legislation (bans, etc). Although a harmonization throughout Europe would
be beneficial to development of the industry both in terms of taxation and warranty approvals,
this is currently not the case. Each country worldwide has its specific legislation and tax
regime for all exchanges operations involving FIAT money, and State banning is going to
completely liberalization of this activities like European Union to complete banning and
imprisonment of operators in this industry like Bangladesh
banks and State legislation (bans, etc). Although a harmonization throughout Europe would
be beneficial to development of the industry both in terms of taxation and warranty approvals,
this is currently not the case. Each country worldwide has its specific legislation and tax
regime for all exchanges operations involving FIAT money, and State banning is going to
completely liberalization of this activities like European Union to complete banning and
imprisonment of operators in this industry like Bangladesh
I have found enough comprehensive information about this project in white paper. I advise everyone to read this document
WHY: benefits of virtual currencies schemes like bitcoin are in a deflationary economy, in
limited emission of money, in near instant and without border value transfer operations, in
relative anonymity and in the separation between the entities that produce the money (miners)
from the entities that code the economic theory behind it (developers).
limited emission of money, in near instant and without border value transfer operations, in
relative anonymity and in the separation between the entities that produce the money (miners)
from the entities that code the economic theory behind it (developers).
WHY: the arguments for crypto asset marketplaces are for financial freedom, decentralizing of
the value-transferring operations, and real ownership of your money. There are other benefits,
well documented, such as faster payments, long term gain based on deflationary economy
and prediction of Great Depressions like the one that hit the global economy in 2008. But
above all, virtual currencies are the only direct competitor to centralized value-transferring
operations done by central banks.
the value-transferring operations, and real ownership of your money. There are other benefits,
well documented, such as faster payments, long term gain based on deflationary economy
and prediction of Great Depressions like the one that hit the global economy in 2008. But
above all, virtual currencies are the only direct competitor to centralized value-transferring
operations done by central banks.
The turnover of such an enterprise however, because of the high value of the end product,
is likely to be more than e350,000 a year and could be several times higher. A business of
this scale lends itself to the following possible company structures: A simple partnership;
A limited company; A non-profit company or social enterprise; A worker co-operative.
Financial Agencies are potential key actors, but the type of business they can set up will
depend on their legal status which does vary from country to country.
is likely to be more than e350,000 a year and could be several times higher. A business of
this scale lends itself to the following possible company structures: A simple partnership;
A limited company; A non-profit company or social enterprise; A worker co-operative.
Financial Agencies are potential key actors, but the type of business they can set up will
depend on their legal status which does vary from country to country.
Payment Licence: by far the biggest and most arduous task with regards to legitimising
the FIAT,CRYPTO exchange operations is obtaining a PSD Licence [8]. The PSD
license follows Council Directive 2007/64/EC and is applied in each country via its
own national laws. Costs of an PSD license can vary between hundred thousand euro
to one order of magnitude greater depending on the exchange volume.
the FIAT,CRYPTO exchange operations is obtaining a PSD Licence [8]. The PSD
license follows Council Directive 2007/64/EC and is applied in each country via its
own national laws. Costs of an PSD license can vary between hundred thousand euro
to one order of magnitude greater depending on the exchange volume.
HOW: options for finding users for your exchange operations are: targeted marketing
campaigns, innovative features in the industry, fee level based on trading quantities, bonuses
for first registration and trading quantities, affiliate marketing for paying users to bring their
friends to your exchange
campaigns, innovative features in the industry, fee level based on trading quantities, bonuses
for first registration and trading quantities, affiliate marketing for paying users to bring their
friends to your exchange
HOW: the main problems encountered in opening a FIAT,CRYPTO marketplace is to find
trusted banking partners to comply with the many different AML/KYC rule and procedures
to exchange virtual currencies to FIAT currencies.
trusted banking partners to comply with the many different AML/KYC rule and procedures
to exchange virtual currencies to FIAT currencies.
WHERE: local authorities are working with National Governments to make sure local
exchangers in the national territory are complying with national and international AML/KYC
regulations. Venture capitals and Angel Investors are starting to release financing solutions
to start-ups in the Fintech industry all over the world from America to Asia passing through
Europe and some Countries are starting state-owned cryptocurrencies schemes to test the
exchange of goods & services on those (distributed ledger) technologies
exchangers in the national territory are complying with national and international AML/KYC
regulations. Venture capitals and Angel Investors are starting to release financing solutions
to start-ups in the Fintech industry all over the world from America to Asia passing through
Europe and some Countries are starting state-owned cryptocurrencies schemes to test the
exchange of goods & services on those (distributed ledger) technologies
WHO: the results indicate that medium tech savvy from 18 to 45 is the average user of virtual
currencies although the corporate finance companies are also starting to put virtual currencies
schemes inside their portfolio especially since the presentation of the Bitcoin futures contract
from CME Group Inc. in the stock exchange of Chicago last 18th of December 2017.
currencies although the corporate finance companies are also starting to put virtual currencies
schemes inside their portfolio especially since the presentation of the Bitcoin futures contract
from CME Group Inc. in the stock exchange of Chicago last 18th of December 2017.
In July 2016 the European Commission adopted proposals for legislation to amend the 4th
Anti-Money Laundering Directive (4AMLD) that will bring virtual currencies exchanged
and wallet providers into the EU’s anti-money laundering framework [15].
In February 2018 the European Commission launched the EU Blockchain Observatory
and Forum [7] to highlight key developments in blockchain technology, promote European
actors and reinforce European engagement with multiple stakeholders involved in blockchain
activities.
Anti-Money Laundering Directive (4AMLD) that will bring virtual currencies exchanged
and wallet providers into the EU’s anti-money laundering framework [15].
In February 2018 the European Commission launched the EU Blockchain Observatory
and Forum [7] to highlight key developments in blockchain technology, promote European
actors and reinforce European engagement with multiple stakeholders involved in blockchain
activities.
I don't understand, you could just put all this under one post.
WHAT: crypto assets are an alternative to centralized assets managed by (country-specific)
stock exchanges. Although certain stock exchanges gives the possibility to their users to
verify and manage the assets they own, the verification process is not always transparent, that
is the reason because from 2009 [23] onwards a new types of (community-verifiable) assets
have been implemented to give small, medium and big investors complete transparency in
the managing of their investments assets.
stock exchanges. Although certain stock exchanges gives the possibility to their users to
verify and manage the assets they own, the verification process is not always transparent, that
is the reason because from 2009 [23] onwards a new types of (community-verifiable) assets
have been implemented to give small, medium and big investors complete transparency in
the managing of their investments assets.
RipaEx Partners - RipaEx Governance
Most of the partners are entrepreneurs in the virtual currency industry, but a research institute and
Financial Organizations are also represented. The partners are:
– Coordinator: RipaEx SCIC
– CoBeneficiaries: Ripa Exchange Ltd
Most of the partners are entrepreneurs in the virtual currency industry, but a research institute and
Financial Organizations are also represented. The partners are:
– Coordinator: RipaEx SCIC
– CoBeneficiaries: Ripa Exchange Ltd
DISSEMINATION (WP 7/8) AND PROJECT COORDINATION (WP1)
During the full duration of the project, dissemination activities (WP 7/8) are carried
out in which results from the individual work packages are disseminated to relevant target
groups including project partners, RipaEx investors, exchanges managers, banking
partners as well as relevant target groups. This phase covers a wide range of dissemination
techniques, from printed and electronic handbooks to workshops and training
sessions, hackatons, ongoing networks, all having the ultimate goal of defining a standard
for exchange communication among public and private entities. An overarching
work package is concerned with the management of the project from start to finish,
ensuring proper coordination, quality assurance and budgetary control (WP1).
During the full duration of the project, dissemination activities (WP 7/8) are carried
out in which results from the individual work packages are disseminated to relevant target
groups including project partners, RipaEx investors, exchanges managers, banking
partners as well as relevant target groups. This phase covers a wide range of dissemination
techniques, from printed and electronic handbooks to workshops and training
sessions, hackatons, ongoing networks, all having the ultimate goal of defining a standard
for exchange communication among public and private entities. An overarching
work package is concerned with the management of the project from start to finish,
ensuring proper coordination, quality assurance and budgetary control (WP1).
RipaEx Partners - RipaEx Governance 9
FIRST EXCHANGE OPENING AND DEVELOPMENT OF TOOLS AND RESOURCES
(WP3)
The second phase takes the results of the first and develops from them a set of tools
and resources which provide concise and comprehensible guidance to market actors
in any Country. With the first instance of Ripa Exchange running we can make first
contact with other economical players in the industry.
PHASE ENDING JUNE 2019.
FIRST EXCHANGE OPENING AND DEVELOPMENT OF TOOLS AND RESOURCES
(WP3)
The second phase takes the results of the first and develops from them a set of tools
and resources which provide concise and comprehensible guidance to market actors
in any Country. With the first instance of Ripa Exchange running we can make first
contact with other economical players in the industry.
PHASE ENDING JUNE 2019.
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