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Title: -- Ripple -- Japanese banks will start using XRP this year Post by: Boxxl on August 07, 2017, 07:38:26 AM Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: tdeannova on August 07, 2017, 10:50:54 AM So you mean later all the banks in japan receive xrp? Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: iLatios on August 07, 2017, 10:56:26 AM Hope this can help to increase XPR price!
How long is it 0,17-0,18$? It seems the same all the time being Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: mrfreezeh on August 07, 2017, 11:03:58 AM Although banks need Ripple, but remember they only want use a currency stable the price and not have more volatility on market, example as Dollar. So I think the value of Ripple in current is good price, or if this news can make trader on market interesting, they will buying and pump the price of Ripple to around @15k sat - @10k sat is possible, depending their mentality.
Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: eyes wide shut on August 07, 2017, 11:35:57 AM Doesnt mean that they will be using XRP though does it? ripple solution is just powering it. you do not have to use XRP to use Ripple. this is the major downfall with XRP
Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: Boxxl on August 07, 2017, 11:45:18 AM Doesnt mean that they will be using XRP though does it? ripple solution is just powering it. you do not have to use XRP to use Ripple. this is the major downfall with XRP For a transaction you need XRP! Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: qiman on August 07, 2017, 11:56:47 AM What will this do for the price of Ripple is it a good thing? I thought that RIPPLE is inflationary correct? Maybe the Banks will support and purchase a huge amount of it as a reserve currency, this is my thought on this for now. I may be wrong though of course.
Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: slaman29 on August 07, 2017, 12:04:28 PM Although banks need Ripple, but remember they only want use a currency stable the price and not have more volatility on market, example as Dollar. So I think the value of Ripple in current is good price, or if this news can make trader on market interesting, they will buying and pump the price of Ripple to around @15k sat - @10k sat is possible, depending their mentality. I suppose this pump will happen quicker than people with imagine. The Japanese are quite unhappy to take big risks in this market, so it is a little perplexing for me anyway. Either way, Ripple seems to have reached the peak already. The burning question is not a good time to buy... Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: V1saya on August 07, 2017, 12:10:58 PM Is this for real?
I was astounded imagining how Ripple has got the backing of Japanese banks. Like, oh my god! Great job Ripple team! This is another way forward for XRP and the people behind the project. Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: renes on August 07, 2017, 12:18:31 PM Yes banks need ripple well do we need ripple? I still don't understand what is the role of tokens for investors.. it cannot be a store of value as well.
Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: Bitforking on August 07, 2017, 12:40:06 PM I read a piece of new earlier last month, Bank of England carried out trail using Ripple too. Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: Scheede on August 07, 2017, 05:45:47 PM Yes banks need ripple well do we need ripple? I still don't understand what is the role of tokens for investors.. it cannot be a store of value as well. Same here... didn´t get the meaning of XRP for you and me and what is the "problem" XRP might solve... ??? Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: McWorse on August 08, 2017, 06:48:30 PM Same here... didn´t get the meaning of XRP for you and me and what is the "problem" XRP might solve... ??? Show me a coin, which can close in seconds masses of transactions as cheap, as fast and as safe like XRP. I think, it won't take that long to make you understand, which problem XRP is solving ... ;D Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: Hodor7777 on August 08, 2017, 09:18:13 PM Yes, banks need XRP ;D Very nice - thanks for posting! Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: emirkalyoncu on August 08, 2017, 11:18:09 PM Is it possible to use ripple for a bank with the limit of 100,000,000,000 XRP?
Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: DAN444 on August 08, 2017, 11:50:48 PM Ripple Hired Former Business Director at SWIFT gpi Marjan Delatinne
From Apr 12: https://ripple.com/insights/ripple-hires-former-business-director-swift-gpi-marjan-delatinne/ Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: yugyug on August 09, 2017, 12:51:48 AM Ripple protocol is design for enterprise and financing so there is no doubt that dozens of banks are adopting the ripple protocol. Based on XRP price history the price is stable and no significant indication and its price stability signals that it is not viable for day-to-day trading but it is well suited for long term investment .
Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: Hodor7777 on August 09, 2017, 12:55:21 AM not viable for day-to-day trading It was the crypto with the second-largest gain today... Bitcoin: 1.57% Eth: 11.09% Ripple: 6.71% Lite: 6.31% Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: Filmmmakerr on August 09, 2017, 01:45:59 AM Lets hope it goes to an ATH!
Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: bbc.reporter on August 09, 2017, 01:59:24 AM not viable for day-to-day trading It was the crypto with the second-largest gain today... Bitcoin: 1.57% Eth: 11.09% Ripple: 6.71% Lite: 6.31% That does not matter because XRP is still going down for the longterm. Please look at this weekly chart. All the big players are not touching this right now. You should be more careful next time. https://preview.ibb.co/hCo3jv/46bfc3f2_8dcc_4d5a_a140_19cb41183950.png Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: BitCryp on August 09, 2017, 03:45:19 AM not viable for day-to-day trading It was the crypto with the second-largest gain today... Bitcoin: 1.57% Eth: 11.09% Ripple: 6.71% Lite: 6.31% Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: Dazedconfused11 on August 09, 2017, 04:18:57 AM I think we will see big things from Ripple. They're going after this as a business which can have negative side effects. At the same time, it makes stuff like this happen. Japanese banks using XRP is gonna be a big play! Very exciting.
Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: Hodor7777 on August 09, 2017, 01:18:18 PM That does not matter because XRP is still going down for the longterm. Again, then why are you here? Answer: Because FUD doesn't happen on its own! lol - it's not 2013 anymore. At least now that banks are adopting Ripple technology on a large scale the "SCAM! SCAM!" bullshit has stopped. So now it's all about "price." If that's the case, then explain to me how XRP shot up 3% in less than one hour, and then it's been sustained and built on more than 24 hours later? I'm sorry if these facts are inconvenient to XRP's competition, but don't expect us to be silent while you try to spread miss-information man. Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: 3months18w on August 09, 2017, 01:31:56 PM Ripple has good promotions.I believe it will be accepted by banks worldwide.I will hold it for long term .
Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: Hodor7777 on August 09, 2017, 01:41:59 PM hahahaa there were about 50 coins that gained more then ripple today dont know where you get your info from ? Immature troll response - and miss-information as well! (that's me being nice and not saying "complete lies") That being said, I'll still respond for any reader that doubts: https://coinmarketcap.com/ (My post was on 08-08-2017) Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: Keihatsu on August 09, 2017, 01:48:15 PM this is nonsense. no source. and it only says pilot.
Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: Hodor7777 on August 09, 2017, 02:35:26 PM this is nonsense. no source. and it only says pilot. This is the source. And it's much more than a pilot. http://www.sbigroup.co.jp/english/investors/disclosure/presentation/pdf/170727presentations.pdf Page 72-79 says a lot.... Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: Keihatsu on August 09, 2017, 03:08:27 PM this is nonsense. no source. and it only says pilot. This is the source. And it's much more than a pilot. http://www.sbigroup.co.jp/english/investors/disclosure/presentation/pdf/170727presentations.pdf Page 72-79 says a lot.... okay, how is Ripple likely to grow in value given that there's almost a billion of them and 60% yet to be released? Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: Taskford on August 09, 2017, 03:12:59 PM Ripple might be a good currency for the banker but it is not that attractive to investor because one of the most avoided feature of a coin is centralized because that coin can be controlled by the superior people like the president of the country and other high official that can use thier power to create or declare something.
Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: invest2lose on August 09, 2017, 05:24:48 PM this is nonsense. no source. and it only says pilot. This is the source. And it's much more than a pilot. http://www.sbigroup.co.jp/english/investors/disclosure/presentation/pdf/170727presentations.pdf Page 72-79 says a lot.... okay, how is Ripple likely to grow in value given that there's almost a billion of them and 60% yet to be released? This has been asked too many times already...go to xrpchat.com and learn. Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: xys9ik0p on August 09, 2017, 05:39:00 PM look at all these ripple pumpters can only fool stupid guys who didnt do homework
bank adapt ripple technology only they will never use xrp its useless bank received millions of millons of xrp as gift to use the ripple technolgy--incentive ripple dev can created more xrp anytime they want and as many as they want Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: Hodor7777 on August 09, 2017, 06:11:53 PM this is nonsense. no source. and it only says pilot. This is the source. And it's much more than a pilot. http://www.sbigroup.co.jp/english/investors/disclosure/presentation/pdf/170727presentations.pdf Page 72-79 says a lot.... okay, how is Ripple likely to grow in value given that there's almost a billion of them and 60% yet to be released? This has been asked too many times already...go to xrpchat.com and learn. Here's the link to the JoelKatz post on XRPChat for Ripple's XRP strategy: https://www.xrpchat.com/topic/5280-valuation-models-xrp-the-digital-currency-vs-ripple-the-company/?do=findComment&comment=50182 Quote Here's how I've been explaining it recently: 1) There's a business that Ripple has providing transaction processing software to banks. It can work without XRP and without any blockchain tech. It improves international payments because it uses end to end messaging to track payment progress, ensure all necessary compliance information is in the transaction in the first place, precisely knows the fees ahead of time, and provides prompt, reliable confirmation of delivery. This is a big enough improvement that banks will use it even if the actual money moves the same way it does now. 2) Ripple has built a public blockchain with a native asset. It has various nice features -- a distributed exchange, good governance, fast transactions, high transaction volume, native multisign, key rotation, payment channels, and so on. 3) The hard part about getting banks to use a blockchain isn't the blockchain, it's everything else. It's governance, compliance, integration with banking systems, and so on. our software does all that stuff, so if routing a payment through XRP is a penny cheaper, the bank can take it. Then we have to make XRP cheaper somewhere that matters. 4) We don't target the biggest corridors like USD->EUR because they're efficient. We target an inefficient, but fairly high volume, corridor. For example, EUR->INR. Market makers have very small profit margins, so even a small incentive to place good EUR<->XRP and XRP<->INR offers can beat what banks are getting now through the correspondent banking system. 5) Once we get one corridor, we hang other countries off each end of the corridor, expanding the reach of XRP. 6) Now, say you're a company like Seagate that pays out money all over the globe. If you have to make payments to five countries in our corridors, you'd rather hold one pile of XRP than five piles of different currencies. That increases demand. 7) Now, say you're a company like Apple with a huge pile of cash. If you want to snap up other assets cheap, you'll need to hold the asset the people selling want. If they're going into any of our corridors, they'll want XRP, so you would want to hold it. 8) If that succeeds, it should massively increase the price of XRP. 9) Ripple holds a huge pile of XRP and will be the dominant XRP holder for the foreseeable future. But we're primarily VC financed and we get revenue from selling software to banks. We don't use our XRP as a bank account but as a strategic weapon. (Though we do sell some for revenue, we just don't need to for salaries or to keep the lights on.) 10) Anyone who gets XRP from us as part of some deal with a lockup has their incentives aligned with ours. They want the long-term price of XRP to go up too. I think that pretty much covers our vision. There is, of course, no guarantee of success. This is a pretty crazy thing we're trying to do. But we have 160 full time employees and have raised tens of millions of dollars. We've hired many amazing people, and our track record speaks for itself. Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: Andromed4 on August 09, 2017, 07:21:52 PM look at all these ripple pumpters can only fool stupid guys who didnt do homework bank adapt ripple technology only they will never use xrp its useless bank received millions of millons of xrp as gift to use the ripple technolgy--incentive ripple dev can created more xrp anytime they want and as many as they want The most efficiënt way to use the ripple technology for our superintegrity Financial institutes is to use the XRP currency right? - Currently: Transactions per second = 70000 x price $3,-?? - Ripple technology implemented, but Financial institute uses his own made Currency (E.g. since I do not know the numbers, Assume that the bank can increase the transactions per second with 50% to 140000 transactions per second x price $0,10) - Ripple technology implemented with the use of XRP currency (E.g. same, now Assume that with the XRP currency they will get an increase of 80% to 126000 transactions per second x price $0.013 Would RippleLabs Give Financial Institutes their sourcecode - Algorithm on how to create such a Effiencient Currency for the Banks? I really know this was somewhere posted (with probably more accurate numbers) it might be on xrpchat and can't find the source anymore. Concretly: The financial institutes would be most efficient with implementing the XRP Currency as well. Time will tell. Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: YelloAme on August 09, 2017, 07:24:42 PM These are recent articles analyzing Ripple potential:
http://ethereumworldnews.com/ripple-price-prediction-invest-ripple-future-2018-prediction-xrp/ http://www.profitconfidential.com/cryptocurrency/ripple/ripple-price-forecast-xrp-cryptocurrency-hit-1-dollar/ Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: nicolas1979 on August 09, 2017, 08:19:35 PM That's a good news but not enough to make XRP price comes up again. We all know today xrp price wasn't make people replace their money as an investment, too low and has little volume. Need more news to make speculation about xrp, but we only can wait and see. If you're martiangle strategy user, I think this is the best time to buy and wait until the price comes up. Patience, keep calm and good luck. Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: Hodor7777 on August 09, 2017, 08:43:02 PM Yes, banks need XRP ;D That's a good news but not enough to make XRP price comes up again. An alliance with 350,000 Moneygram outlets is not enough to make XRP price move? Just in theory, what in your view would be reason to make the price move? ;) Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: styca on August 09, 2017, 09:31:31 PM look at all these ripple pumpters can only fool stupid guys who didnt do homework bank adapt ripple technology only they will never use xrp its useless That doesn't make any sense at all. You could argue that banks won't use the Ripple tech, and that's fine. I'd disagree, but fine, it's a legitimate opinion. But what's your argument for banks using the Ripple ledger but not using XRP ? What else would they use? Their own token? But obviously their own token wouldn't be native to the ledger, so you're still introducing counterparty risk. Plus why would bank B favour a token belonging to bank A ? To anyone who does the slightest bit of research, the reasons for XRP adoption are crystal clear. Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: Filmmmakerr on August 09, 2017, 10:11:53 PM Whats stopping the "banks" from creating there own ripple like tech?
Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: Butchick on August 09, 2017, 11:08:02 PM With the banks using the ripple technology is a good thing since its technology provides faster transactions and a better system. Though there is no assurance that the said bank Will also adopt its coin which is the xrp but there is no doubt that the value of the said coin will increase knowing that the development of its technology is improving and a couple of banks are making ripple a part of its system.
Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: itsonlikedonkeykong on August 09, 2017, 11:34:27 PM Good news indeed for all of us tireless HODL-ers!
I should have left them alone years ago. Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: wxa7115 on August 10, 2017, 03:21:11 AM Lets hope it goes to an ATH! It seems too early to know that, ripple is a good coin do not get me wrong but until we see dozens of banks using this and being successful at doing so then I think I will reserve my judgment about this coin, it is promising but at the moment that is it.Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: styca on August 10, 2017, 04:32:31 PM Whats stopping the "banks" from creating there own ripple like tech? Nothing, but why would they when they can already use the Ripple solution? Also how do they gain an advantage by using their own system? Unless you're talking about them using their own token instead of XRP. So yes, they could use their own system and own token to replace both the Ripple solution and XRP... But Ripple has a huge first-mover advantage here, they've been working at this for years, they've moved far beyond proof-of-concept... they're already at advanced stages with the relevant legal authorities and actively building liquidity in the target corridors. By the time any competitor gets off the ground, Ripple and XRP will already be the industry standard. Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: AleSergio on August 10, 2017, 05:46:35 PM Really great news, i hope that the price will finally go up, because it is still very undervalued at the moment.
Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: ðºÞæ on August 10, 2017, 06:16:22 PM Whats stopping the "banks" from creating there own ripple like tech? Nothing, but why would they when they can already use the Ripple solution? Also how do they gain an advantage by using their own system? Unless you're talking about them using their own token instead of XRP. So yes, they could use their own system and own token to replace both the Ripple solution and XRP... But Ripple has a huge first-mover advantage here, they've been working at this for years, they've moved far beyond proof-of-concept... they're already at advanced stages with the relevant legal authorities and actively building liquidity in the target corridors. By the time any competitor gets off the ground, Ripple and XRP will already be the industry standard. There is some dreamers around incredible. Banks dont dance to the music a third party plays . Banks play and you dance not the other way round. Singapore’s central bank (MAS) and • Bank of America Merrill Lynch • BCS Information Systems • Credit Suisse • DBS Bank Ltd • The Hongkong and Shanghai Banking Corporation Limited • J.P. Morgan • Mitsubishi UFJ Financial Group • OCBC Bank • R3 • Singapore Exchange • United Overseas Bank got together and decided to copy past xrp and build the own Distributed Ledger Technology (DLT) Database that is spread across multiple sites, countries or institutions. Banks where never using xrp in first place, some have a working agreement with Ripple. From a technical standpoint a single xrp works just as well as billions. Project Ubin SGD on Distributed Ledger.pdf (https://www2.deloitte.com/content/dam/Deloitte/sg/Documents/financial-services/sg-fsi-project-ubin-report.pdf) Notice the heard "Ubin". https://i.imgur.com/DSc8TZn.png Secondary link direct from Singapore Central Bank http://www.mas.gov.sg/~/media/ProjectUbin/Project Ubin SGD on Distributed Ledger.pdf Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: Hodor7777 on August 10, 2017, 07:20:00 PM Miss-information from a poster whose singular mission is seemingly to confuse readers about XRP and Ripple. If readers want to know more about XRP and Ripple, they need to read posts by a much more respected Bitcointalk poster - JoelKatz (a.k.a. David Schwarz) Here's what he said about XRP's strategy (source https://www.xrpchat.com/topic/4029-explaining-xrp/?do=findComment&comment=39074): Explaining XRP The abridged model is this: 1) Ripple gets banks to use its payment technology. 2) Banks integrate Ripple's payment system into their system. 3) This helps to eliminate all the technical obstacles to banks routing payments through a crypto-currency. (Regulatory, compliance, business rules, integration effort, etcetera.) 4) Banks use the system to clear payments with each other, probably using mostly ILP. (ILP is a protocol that permits atomic, cross-ledger payments. Most importantly, it allows a "connector" to facilitate the payment even if that connector is not trusted by either the sender, the recipient, or the source and destination financial institutions.) 5) Ripple tries to make XRP the premium connector by targeting inefficient corridors. 6) If XRP can efficiently bridge X% of payments between banks that use Ripple, it will. 7) This will increase the demand for XRP as connectors need XRP to buy the destination currency for their trades. 8) If XRP is cheap to trade with other currencies, people who don't know what currency they'll need next may hold XRP. 9) If XRP is cheap to trade with other currencies, people who are willing to buy any currency they can get cheaply may hold XRP. 10) This can lead to a cycle of increasing demand. Ripple may or may not succeed. Ripple's strategy may change. But that's Ripple's plan, in summary. Or, even shorter, build a massive, level playing field in which assets can compete to bridge payments, then try to make XRP a winner on that playing field. This is an ambitious, maybe even crazy, plan. But Ripple has raised tens of millions of dollars, has over a hundred full time employees, and our successes to date speak for themselves. That is, of course, no guarantee of success. Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: faatipoke on August 10, 2017, 07:25:38 PM I have lost my faith in ripple and similar coins. Banks can use Ripple, but I do not see a usage for XRP coin
Title: Re: -- Ripple -- Japanese banks will start using XRP this year Post by: Hodor7777 on August 10, 2017, 07:30:33 PM I have lost my faith in ripple and similar coins. Banks can use Ripple, but I do not see a usage for XRP coin Which is why you clicked on the topic, navigated to page 3, and took the time to respond. Right, right... At its core, I see a lot of fear in posts like that but not much else. Let's be honest ... you really are fearful that XRP will catch on in a big way and undermine your current investments, correct? |
