[ANN] [XRP] Global Settlement Network, LOW COST - BITLICENSE APPROVED

[golfhuso]

XRP to the moon guys, big bank invest for 55M$

[ShooterXD]

Hi sir, do you need any portuguese translation?

Just pm me if you want this.

CYA

[Blazin8888]

https://ripple.com/insights/microsofts-marley-gray-ripple-and-ilp-will-be-the-fabric-of-multi-chain-future/
https://ripple.com/insights/several-global-banks-join-ripples-growing-network/

"Fifteen of the world's top 50 global banks are members of the Ripple network."


"Ripple has created Ripple Connect, new technology to allow banks to talk to each other replacing SWIFT, and is developing its "interledger protocol", which will go live on October 1 and provide the foundation for banks to directly connect their ledgers with each other without an intermediary."

SOURCE: http://www.afr.com/technology/nab-westpac-part-of-ripples-new-global-payments-network-20160915-grgz81

https://interledger.org/

FRESH NEWS: http://www.forbes.com/sites/sap/2016/09/15/how-companies-are-already-innovating-with-blockchain/#6a60699e1d71

Once Interledger launches, you will be able to send BTC to any other crypto address. All cryptos will be interoperable. For example ...you can pay X amount of BTC to a LTC address...or you can pay X amount of LTC to a BTC address... all blockchains will be linked and able to interact with each other... THE IMPLICATIONS FOR THIS ARE HUGE.


https://www.cryptocoinsnews.com/google-apple-prefer-ripple-blockchain-tech-over-visa/

"What the tech players lack, Thomas said, is a way to interoperate with one another. This is the capability that Visa brings. But having a protocol to give the technology players interoperability will unleash “complete hell” on Visa, he said.

Interledger’s goal is to create a financial network to interconnect cryptocurrencies by the end of 2016 or early in 2017, he said. Connecting cryptocurrencies is ILP’s providing ground."


XRP has serious news....
XRP has been undervalued for months.

XRP NEWS 9/15/2016:

1. https://www.treasury.gov/initiatives/fsoc/studies-reports/Documents/FSOC%202016%20Annual%20Report.pdf

2. http://www.wsj.com/articles/bitcoin-firm-ripple-gets-55-million-in-funding-1473944401

3. http://www.cnbc.com/2016/09/15/google-backed-blockchain-start-up-ripple-raises-55-million-from-big-banks.html

4. http://fortune.com/2016/09/15/ripple-raises-55m-adds-major-bank-partners-as-blockchain-gains-ground/

5. http://fortune.com/2016/06/23/ripple-blockchain-banks/


The case for XRP:

You can build something like Counterparty or maybe even something like BitShares on top of Ethereum (harder problem), but Ripple is a different beast.

Don't think of Ripple as simply a place to record counter party relationships (debts). Their ledger allows you to make payments that depend on a chain reaction of balance trading through many, many counterparties. That's the rippling.

Such transactions do not work as well on a blockchain. You need a network that can come to a truly finalized concensus very quickly to make rippling work. The more rippling your transaction requires the greater the chance that someone else's transaction is going to be in conflict in terms of which chains of counter party liquidity is available to make make the transaction possible.

User's expect that the process of making a payment is a one time action that requires no follow up or waiting to see if the transaction is going through. It's perfectly fine if the receiver is stuck waiting for confirmation, but for sender it has to be pay and walk away.

A blockchain is able to deliver this sending user experience if the user is directly moving a token from themselves to another party. All the user has to done is include a high enough transaction fee and not double spend.

But if Alice is paying Bob through several intermediate chains of Carols, there's no way for Alice to just send payment and walk away. There's always the risk that one of the intermediate Carols will no longer have the liquidity Alice thought they had.

Short block times combined with Alice waiting for the first block doesn't solve this problem. if Alice is directly sending a token to Bob then only Bob has to worry about Alice having enough hashing power to double spend through an alternative block chain so Bob just waits until enough confirmations take place to make this unfeasable -- Alice can just send a walk away.

With a transaction that depends on a whole bunch of Carols in between it becomes the case that Alice, Bob, and all the other Carols have to worry about one of the other Carols double spending in a manner the invalidates Alice's transaction.

For it to work at all, Alice would have to keep re-connecting and checking that her transaction happened.

Rippling is a lot more smooth on the Ripple protocol. Naturally this does come at a cost, the ripple consensus process doesn't allow anyone to participate as a contributing validator (you can run the daemon and validate the network, but nobody will care about your work), whereas mining a blockchain is open to all without asking. Meaningful validators on Ripple are listed by other validators as being trusted to not collude with other validators. In order to grant this trust, you really have to know something about the identify of a given validator and not just randomly trust other potential Sybils to not collude.

Because of this downside, it's going to take awhile for Ripple's validator network to get built out to be fairly distributed and decentralized. And such a network can never be as transaction sending censorship resistant as a blockchain, so blockchain technology is definitely going to be here to stay for direct exchange of tokens and other cool applications.

The new Stellar design is going to be a little more organic for build-out, but they also acknowledge that it won't have the same censorship resistance properties as proof of work blockchains.

Ripple is universal email service for value sending and settling with a blockchain while ethereum is indestructible indisputable contracts with value with a blockchain, basically.. We may believe they are inevitable but at this time it is crazy speculative. Did you know Coinbase solicited private money investments in spring/summer of 2012 before opening for business? Today its a no-brainer but back then it would have been crazy speculation to invest in them, even if we back then would have seen their success as inevitable. I'm not a programmer but when I realized bitcoin is amazing I bought xbt. When I became convinced by Ripple Labs I bought xrp.

COLLECTION OF XRP NEWS:

1. http://www.coindesk.com/ripple-interledger-connect-bank-blockchain/

2. http://themerkle.com/santander-unveils-international-payments-app-built-on-ripples-blockchain/

3. http://www.coindesk.com/new-york-bitlicense-ripple/

4. http://www.econotimes.com/Volante-Technologies-announces-new-Ripple-integration-solution-220895

5. https://www.cryptocoinsnews.com/ripple-r3-blockchain-partnership-offing/

6. http://www.businesswire.com/news/home/20160321005256/en/Ripple-Continues-Global-Growth-London-Office-Serve

7. http://www.econotimes.com/Ripple-likely-to-team-up-with-blockchain-startup-R3CEV-212787

8. http://www.reuters.com/article/us-usa-new-york-digital-idUSKCN0YZ25V

9. http://www.ukauthority.com/UKA-Local-Digital/entry/6264/lockheed-joins-work-on-ripple-digital-care-platform

10. http://www.businessinsider.com/ripple-simplifies-blockchain-integration-2016-6

11. http://allcoinsnews.com/2016/06/10/volante-technologies-accelerates-bank-integration-to-ripples-distributed-financial-technology/

12. http://www.econotimes.com/MoneyGram-Earthport-collaborate-to-offer-Ripple-tech-based-remittance-services-220254

13. https://ripple.com/ripple_press/ripple-strikes-multi-national-deal-with-sbi-holdings-to-meet-growing-demand-for-ripple-solutions-across-asia/

[btcbug]

"Fifteen of the world's top 50 global banks are members of the Ripple network."

That's 30%. That's huge!

[cryptodv]

I invested into Ripple in early 2014, sold all my XRP's two months ago. I had a shit load. Didn't see any progress. So many other projects are coming up with potential and are more relevant. Ripple has been stagnant. Unless I see a BOA, Wells Fargo or JP Morgan adoption..I'll change my position. That's just my take, please prove me wrong. 

[quandao40]

ripple ‘s market value is so big,I don't think its price would more higher

[bigfryguy]

get ready for waves, its gonna take this idea along with the exchanges and their control and make it all decentralized.  dont give control back to the banks!!!

ripples are for ponds, waves are are for oceans!!

[Blazin8888]

The number of XRP never increases. That means the value of XRP never inflates. When a currency is known and finite, it’s much easier to value than a currency that changes in quantity. You don’t have to worry about more of it being created. Instead, you can decide for yourself how useful it is, how rare it is, and how much you value it." (from the Ripple website -- https://ripple.com/currency/)


XRP NEW EXCHANGE :  https://www.theworldexchange.net/#about
https://twitter.com/barrysilbert/status/779317435413430272

XRP NEWS: http://www.nasdaq.com/article/banks-are-turning-to-the-blockchain-in-a-big-way-cm681111


XRP NEWS: https://ripple.com/insights/announcing-ripples-global-payments-steering-group/



"A year ago, Ripple arrived at Sibos with a smaller network of banks and the same big dream. I am very proud to return this year with so much to show for our hard work. The inauguration of the GPSG is yet another sign that the banking world is ready to update its infrastructure, and Ripple’s solutions are the best way to achieve that goal."


   Ripple is actually a mature and well established technology in industry that's been online since 2013. Ripple Labs, the company which created the technology, has already implemented the technology in many major U.S. banks. The Ripple network itself is just sitting there on the internet with no barrier to entry or cost for anyone to connect to and use. The reason the technology is little known publicly and that no one else has created a similar free, open portal to the network is for a number of reasons:

• Ripple Labs has pivoted to applying their technology just to bank transactions. That is but a sliver of what their technology is capable of, but as a company with many investors and private interests, they had to focus their use case. As a result of their financial industry focus, they had to retreat from being too public with their work. This combined with the stigma of the company having "sold out to banks" is why Ripple is less known today than it was in 2013 when it first started.

• There is no business case for making something that is essentially free. The World Exchange is a pure, vanilla, client-side tool for the Ripple network and charges nothing to use. There is no extra process in between you and the network and no way for the creators of the website to profit. No VC would ever fund a free-to-use platform with no way to make money. So why did Autodidactic I create it then? Autodidactic I is essentially an inventors/artists guild of individuals who have already created other ways to fund their own projects with no outside backers or interests. As a result, this and many other projects by Autodidactic I tend to be profit-less in nature and done purely out of interest or just to see if it's possible.

     Things that are free and open are very rare, and it is a natural human response to be skeptical. The nice part is because it's free and open, you don't need to speculate. Just go ahead and create an account to try things out with. Do something with it or do nothing. It is up to you. The technology, however, is here and open to all!
(Source: https://www.theworldexchange.net/#about )

-Blazin8888

[Blazin8888]

https://charts.ripple.com/#/

[dygus]

https://charts.ripple.com/#/

Very interesting, but these charts don't show Polo vol. and that one is the biggest.

[leigh2k14]

This is a no brainer:)

[mike77777]

Banks make deals with ripple labs but none of them will use xrp. XRP is only a test. No one will use it. Don't be fooled.

[BellaBitBit]

Banks make deals with ripple labs but none of them will use xrp. XRP is only a test. No one will use it. Don't be fooled.

could you please explain this further?

[nrg_wolf]

Banks make deals with ripple labs but none of them will use xrp. XRP is only a test. No one will use it. Don't be fooled.

Could go to 100k SAT at any time with the gateways open

It could, however i believe that we won't be seeing that kind of movement just yet although the markets do look promising, someone or people have been buying rather large quantity's over the past few days so as a guess anything is possible within the next few weeks to a few months, Buy now profit later

[cmbartley]

I invested into Ripple in early 2014, sold all my XRP's two months ago. I had a shit load. Didn't see any progress. So many other projects are coming up with potential and are more relevant. Ripple has been stagnant. Unless I see a BOA, Wells Fargo or JP Morgan adoption..I'll change my position. That's just my take, please prove me wrong. 

any regrets?

[kokokoin]

I invested into Ripple in early 2014, sold all my XRP's two months ago. I had a shit load. Didn't see any progress. So many other projects are coming up with potential and are more relevant. Ripple has been stagnant. Unless I see a BOA, Wells Fargo or JP Morgan adoption..I'll change my position. That's just my take, please prove me wrong. 

any regrets?

Lol, looks like a bad decision. Time to rebuy ripples to feed the fomo.

[dygus]

Like the unwanted guest at a party who trashes the house and runs off with your girlfriend, Ripple is throwing its weight around at Swift's annual Sibos conference with a series of barbed tweets and acerbic commentary asking if the interbank co-operative's set-piece Global Payments Innovation initiative is all its cracked up to be.

[Pamadar]

Like the unwanted guest at a party who trashes the house and runs off with your girlfriend, Ripple is throwing its weight around at Swift's annual Sibos conference with a series of barbed tweets and acerbic commentary asking if the interbank co-operative's set-piece Global Payments Innovation initiative is all its cracked up to be.

its showing a good movement again it can be bigger this time wow xrp really enjoying the ride some early holders might be crying out loud now
still holding and waiting for the perfect timing to set the exit. good luck

[cmbartley]

Like the unwanted guest at a party who trashes the house and runs off with your girlfriend, Ripple is throwing its weight around at Swift's annual Sibos conference with a series of barbed tweets and acerbic commentary asking if the interbank co-operative's set-piece Global Payments Innovation initiative is all its cracked up to be.

its showing a good movement again it can be bigger this time wow xrp really enjoying the ride some early holders might be crying out loud now
still holding and waiting for the perfect timing to set the exit. good luck

Most stalwarts refuse to sell before $0.25 - 0.35. Some are refusing to sell before $1.00.

[thesmokingman]

I invested into Ripple in early 2014, sold all my XRP's two months ago. I had a shit load. Didn't see any progress. So many other projects are coming up with potential and are more relevant. Ripple has been stagnant. Unless I see a BOA, Wells Fargo or JP Morgan adoption..I'll change my position. That's just my take, please prove me wrong. 

Ask and ye shall receive:

"Bank of America Merrill Lynch, Santander, UniCredit, Standard Chartered, Westpac, and Royal Bank of Canada have joined as founding members of the Global Payments Steering Group (GPSG), which aims to use Ripple's technology to slash the time and cost of settlement while enabling new types of high-volume, low-value global transactions."

https://www.finextra.com/newsarticle/29512/ripple-rudely-gatecrashes-sibos-party