[XRP] Ripple Speculation - page 538.

vsyc

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Quote from: shahim on April 07, 2017, 06:38:58 PM

Xrp is not ripple! Xrp is just the testcoin of ripple and won't ne used by the banks ...

You better to come up with some evidence or ripple backed news when you do such IMHO groundless statements. In their videos XRP used as a bridge currency.

More over banks might already buying XRP from Ripple for test and development purpose, meanwhile another part which is available widely is for investors or individuals use (latter has no sense at current time).

york780

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Looks like ripple is good to increase the homeless population. RIP all top buyers. REKT

RayX12

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Here are three interesting videos about Banks and Ripple:

Live Transactions between ATB Financial (Canada) & Risebank (Germany)
https://www.youtube.com/watch?v=bAnHzDEP8GM

Bloomber Interview of Brad Garlinghouse CEO
Blockchain Bitcoins and Banks
https://www.youtube.com/watch?v=vsEVF4LV_gI

Interview 2
Future of the Payment Industry
https://www.youtube.com/watch?v=P2cgZKq8rpw

CNBC Interveiw with Dilip ARAO Managing Director (Asia- Pacific) at Ripple
Banks and more banks
https://www.youtube.com/watch?v=9j-lhz9FQPM

RayX12

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Quote from: g___ on April 07, 2017, 08:52:49 PM

Quote from: KKbit on April 07, 2017, 04:04:15 PM

I get you. But things like this are shared for months:

"Forty Seven Japanese Banks Move Towards Commercial Phase Using Ripple"
"Bank of England" "Santander and Reisebank"
"National Bank of Abu Dhabi: First Middle East Bank to Use Ripple for Cross-Border Payments"

According to them, so many banks in but none of them made a move to actually purchase the currency they will be exchanging. All we see is a pump after the hype and consquent dump afterwards.

the incentive to use xrp (apparently) is to reduce operational costs and offer more competitive pricing. reducing operational costs for a bank is at the top of their priorities, so in theory, xrp ~~will~~ should be used.

Check

g___

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Quote from: KKbit on April 07, 2017, 04:04:15 PM

I get you. But things like this are shared for months:

"Forty Seven Japanese Banks Move Towards Commercial Phase Using Ripple"
"Bank of England" "Santander and Reisebank"
"National Bank of Abu Dhabi: First Middle East Bank to Use Ripple for Cross-Border Payments"

According to them, so many banks in but none of them made a move to actually purchase the currency they will be exchanging. All we see is a pump after the hype and consquent dump afterwards.

the incentive to use xrp (apparently) is to reduce operational costs and offer more competitive pricing. reducing operational costs for a bank is at the top of their priorities, so in theory, xrp ~~will~~ should be used.

RayX12

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Activity: 952

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Quote from: shahim on April 07, 2017, 07:30:23 PM

Quote from: RayX12 on April 07, 2017, 07:01:47 PM

Quote from: shahim on April 07, 2017, 06:38:58 PM

Xrp is not ripple! Xrp is just the testcoin of ripple and won't ne used by the banks ...

From all the info I have read Ripple is plugging their XRP coin so that it becomes useful by speeding up the process and providing other benefits. Of course their tech is great and if they slowly build the adoption of the coin then this rocket will lift off! For now it is an integral part of their best offerings regarding speed, liquidity, and low cost for complex cross-currency transfers.

Thats true. But i guess most people don't see tue difference between the company ripple and theire coin XRP. The company is the one with the customers
The xrp is just a showcase

Not just a showcase. You are wrong. REad above and below.

Read here: https://ripple.com/files/ripple_vision.pdf

shahim

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Quote from: RayX12 on April 07, 2017, 07:01:47 PM

Quote from: shahim on April 07, 2017, 06:38:58 PM

Xrp is not ripple! Xrp is just the testcoin of ripple and won't ne used by the banks ...

From all the info I have read Ripple is plugging their XRP coin so that it becomes useful by speeding up the process and providing other benefits. Of course their tech is great and if they slowly build the adoption of the coin then this rocket will lift off! For now it is an integral part of their best offerings regarding speed, liquidity, and low cost for complex cross-currency transfers.

Thats true. But i guess most people don't see tue difference between the company ripple and theire coin XRP. The company is the one with the customers
The xrp is just a showcase

RayX12

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Activity: 952

Merit: 552

Quote from: shahim on April 07, 2017, 06:38:58 PM

Xrp is not ripple! Xrp is just the testcoin of ripple and won't ne used by the banks ...

From all the info I have read Ripple is plugging their XRP coin so that it becomes useful by speeding up the process and providing other benefits. Of course their tech is great and if they slowly build the adoption of the coin then this rocket will lift off! For now it is an integral part of their best offerings regarding speed, liquidity, and low cost for complex cross-currency transfers.

RayX12

hero member

Activity: 952

Merit: 552

Quote from: Mrpumperitis on April 07, 2017, 06:39:33 PM

Unfortunately there is still a bunch of people that want to sell cheap coins and keep the price down.
But like magic this will go soon enough!

Mrpumperitis

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shahim

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Xrp is not ripple! Xrp is just the testcoin of ripple and won't ne used by the banks ...

RayX12

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Activity: 952

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Quote from: KKbit on April 07, 2017, 04:04:15 PM

Quote from: g___ on April 07, 2017, 03:50:26 PM

Quote from: KKbit on April 07, 2017, 02:34:55 PM

One thing I found intriguing is why aren't the banks buying cheap XRP if they will be using it in the future. What are they waiting for?

many banks could most likely develop their own internal blockchain tech.

goldman sachs has ownership in this patent:
https://www.google.com/patents/US20160260169

western union is also developing their own blockchain technology.

ripple however has a patent regarding consensus ledgers / payment processing:
https://www.google.com/patents/EP3054405A1

unsure how much ground ripple's patent covers. if it only involves a specific type of process, other banks could develop something different enough to get their own patent. knowing exactly what ripple's patent involves would provide a clearer idea of just how valuable they really are.

I get you. But things like this are shared for months:

"Forty Seven Japanese Banks Move Towards Commercial Phase Using Ripple"
"Bank of England" "Santander and Reisebank"
"National Bank of Abu Dhabi: First Middle East Bank to Use Ripple for Cross-Border Payments"

According to them, so many banks in but none of them made a move to actually purchase the currency they will be exchanging. All we see is a pump after the hype and consquent dump afterwards.

Look buddy! They pumped LTC... a useless copycat! Now look here, a coin with future! So this is ~~hot juice~~ plankton for pumping whales. Banks will follow in due time.

KKbit

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Quote from: g___ on April 07, 2017, 03:50:26 PM

Quote from: KKbit on April 07, 2017, 02:34:55 PM

One thing I found intriguing is why aren't the banks buying cheap XRP if they will be using it in the future. What are they waiting for?

many banks could most likely develop their own internal blockchain tech.

goldman sachs has ownership in this patent:
https://www.google.com/patents/US20160260169

western union is also developing their own blockchain technology.

ripple however has a patent regarding consensus ledgers / payment processing:
https://www.google.com/patents/EP3054405A1

unsure how much ground ripple's patent covers. if it only involves a specific type of process, other banks could develop something different enough to get their own patent. knowing exactly what ripple's patent involves would provide a clearer idea of just how valuable they really are.

I get you. But things like this are shared for months:

"Forty Seven Japanese Banks Move Towards Commercial Phase Using Ripple"
"Bank of England" "Santander and Reisebank"
"National Bank of Abu Dhabi: First Middle East Bank to Use Ripple for Cross-Border Payments"

According to them, so many banks in but none of them made a move to actually purchase the currency they will be exchanging. All we see is a pump after the hype and consquent dump afterwards.

g___

sr. member

Activity: 273

Merit: 252

Quote from: KKbit on April 07, 2017, 02:34:55 PM

One thing I found intriguing is why aren't the banks buying cheap XRP if they will be using it in the future. What are they waiting for?

many banks could most likely develop their own internal blockchain tech.

goldman sachs has ownership in this patent:
https://www.google.com/patents/US20160260169

western union is also developing their own blockchain technology.

ripple however has a patent regarding consensus ledgers / payment processing:
https://www.google.com/patents/EP3054405A1

unsure how much ground ripple's patent covers. if it only involves a specific type of process, other banks could develop something different enough to get their own patent. knowing exactly what ripple's patent involves would provide a clearer idea of just how valuable they really are.

KKbit

member

Activity: 109

Merit: 10

One thing I found intriguing is why aren't the banks buying cheap XRP if they will be using it in the future. What are they waiting for?

RayX12

hero member

Activity: 952

Merit: 552

Quote from: Mrpumperitis on April 07, 2017, 01:06:51 PM

Quote from: RayX12 on April 07, 2017, 12:59:45 PM

Crap! While the news get better the selling pressure increases... People are bringing more coins to Poloniex...

on certain coins, thats a gd thing...
when sell liquidity is too low( like last week ) the price stops rising...
i like to think of the sell side building up as fuel for the price to rise. Grin

(alot of the sell side is also fake...watch them get pulled when price shoots up)

ha ha .. interesting positive perspective. You are a an amazing individual always finding the other side of the coin. Shocked

Mrpumperitis

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Quote from: RayX12 on April 07, 2017, 12:59:45 PM

Crap! While the news get better the selling pressure increases... People are bringing more coins to Poloniex...

on certain coins, thats a gd thing...
when sell liquidity is too low( like last week ) the price stops rising...
i like to think of the sell side building up as fuel for the price to rise. Grin

(alot of the sell side is also fake...watch them get pulled when price shoots up)

RayX12

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Activity: 952

Merit: 552

Crap! While the news get better the selling pressure increases... People are bringing more coins to Poloniex...

Mrpumperitis

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up a bit more...then down a bit...then whooooosh Tongue

cups done...at the handle bit just now

RayX12

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Activity: 952

Merit: 552

yeeeee haaaaw! Grin

Nice riding this little wild pony! Lets see if the ride continues.. XRP is alive and some people are liking it! Of course there is that prick that wants to sell all those coins at 3160 and as such there is probably more pricks around the corner...

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