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Author Topic: Positive news from Ripple (XRP)  (Read 7646 times)
Arvydas77 (OP)
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February 01, 2017, 10:43:30 AM
 #1

Today National Bank of Abu Dhabi has introduced real-time cross-border payments on a blockchain by integrating technology from industry firm Ripple. The offering will immediately benefit the Asia-Middle East remittance corridor.

It is a positive news from Ripple as their technology could benefit banking system. Bank of Abu Dhabi is:

Quote
the largest lender bank in the Emirate of Abu Dhabi with assets of $178 billion, the NBAD is also the second largest lender in the United Arab Emirates and the largest by market cap among all UAE banks. Its footprint in a number of major Asian remittance markets including China and India could see a telling impact in the wider banking industry, one that could fast-track adoption of blockchain technology for core commercial offerings like payments for users.

Read full article here:
https://www.cryptocoinsnews.com/abu-dhabis-largest-bank-just-launched-blockchain-cross-border-payments/

Please share your opinion here about it. Does it benefit further blockchain technology adoption in finance industry? Does Ripple will benefit from this integration?
How the market will react to the news?



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February 01, 2017, 12:42:54 PM
 #2

Hi Arvydas77,

I don't really know how long you been on this forum though I do remember that ripple was one of the coins that most of the members here didn't like. I think it is because there was a huge pre-mine and people was just afraid of the pumps and dumps from the dev's.

I think they still have the pre-mine so I would be careful of investing any money into their "Project" -only a few people could realize the potential of XRP though if they see what the Ripple dev's are trying to do.

Now if the Ripple [XRP] dev's gave away all their pre-mine and let the project continue like how it is right now then XRP will get really huge. The people at Ripple like messing with the Blockchain so that is why Banks and big businesses like the Ripple Project so much. Asia is going to get to know how to process Digital Currency payments much faster than places like America, Russia and Turkey it seems.

This could be quite fun.


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February 01, 2017, 01:56:27 PM
 #3

Hi Arvydas77,

I don't really know how long you been on this forum though I do remember that ripple was one of the coins that most of the members here didn't like. I think it is because there was a huge pre-mine and people was just afraid of the pumps and dumps from the dev's.

I think they still have the pre-mine so I would be careful of investing any money into their "Project" -only a few people could realize the potential of XRP though if they see what the Ripple dev's are trying to do.

Now if the Ripple [XRP] dev's gave away all their pre-mine and let the project continue like how it is right now then XRP will get really huge. The people at Ripple like messing with the Blockchain so that is why Banks and big businesses like the Ripple Project so much. Asia is going to get to know how to process Digital Currency payments much faster than places like America, Russia and Turkey it seems.

This could be quite fun.

Hi, I invested in BTC four years ago and Ripple was my second pick up alongside other altcoins, so I do know how people hate Ripple  Smiley
Premine always has negative impact on crypto as people not always can understand situation correctly. In Ripple premine is idispensable to run business. However, I can understand libertarian position against big corporations, banks and Ripple Labs itself. Nevertheless, traders are especially sensitive to premine as they only speculate and some additional coins on the market can destroy their speculations.
I think that Ripple is very solid project. It has funding, partnerships, working technology, Labs to test blockchain. They are hiring new staff members to move forward. So, my opinion about Ripple is very positive. I'm not trying to convince newbies to invest in the project but I'm with Ripple for long time and I will stay. As I said in other Ripple thread, I'm not the one who is shouting Ripple to the moon. Actually, value around $0.01 is solid considering max supply.  



.
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[15.00000000 BTC]


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February 02, 2017, 10:55:02 PM
 #4

Hi Arvydas77,

I don't really know how long you been on this forum though I do remember that ripple was one of the coins that most of the members here didn't like. I think it is because there was a huge pre-mine and people was just afraid of the pumps and dumps from the dev's.

I think they still have the pre-mine so I would be careful of investing any money into their "Project" -only a few people could realize the potential of XRP though if they see what the Ripple dev's are trying to do.

Now if the Ripple [XRP] dev's gave away all their pre-mine and let the project continue like how it is right now then XRP will get really huge. The people at Ripple like messing with the Blockchain so that is why Banks and big businesses like the Ripple Project so much. Asia is going to get to know how to process Digital Currency payments much faster than places like America, Russia and Turkey it seems.

This could be quite fun.

Hi, I invested in BTC four years ago and Ripple was my second pick up alongside other altcoins, so I do know how people hate Ripple  Smiley
Premine always has negative impact on crypto as people not always can understand situation correctly. In Ripple premine is idispensable to run business. However, I can understand libertarian position against big corporations, banks and Ripple Labs itself. Nevertheless, traders are especially sensitive to premine as they only speculate and some additional coins on the market can destroy their speculations.
I think that Ripple is very solid project. It has funding, partnerships, working technology, Labs to test blockchain. They are hiring new staff members to move forward. So, my opinion about Ripple is very positive. I'm not trying to convince newbies to invest in the project but I'm with Ripple for long time and I will stay. As I said in other Ripple thread, I'm not the one who is shouting Ripple to the moon. Actually, value around $0.01 is solid considering max supply.  

4 years of experience is a longtime, I've been in Bitcoin 4+ years and I have a feeling that you really know what you are talking about. The Ripple [XRP] may seem like it has a pre-mine issue but you have a point when you say that they are not on the same side as big Banks and big Corperations. Yet man is only man and who knows if they are telling the truth about holding on to the pre-mine. The whole issue of the pre-mine was like: "If Ripple has a large pre-mine and it effects the price of the coin and distribution then wouldn't they be the same as those big Banks and Corporations?"

I do see that [XRP] is trying to expand their staff and that is why the Ripple Project is going to most likely be a success. Their Twitter: https://twitter.com/Ripple is updating pretty much daily with useful info and not just Retweets of offtopic thing's like most of the Projects within this forum.

$0.01 per [XRP] sounds possible though it's Ripple so who knows.


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February 03, 2017, 02:10:19 AM
 #5

It's the only positive news lately?
Judging from the graph, this news had no effect on price.

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February 03, 2017, 05:11:19 AM
 #6

This news again ?

And Bank from where now ?

I thought maybe they silently unleashed another 333 million coins on the market ROFL

OH and since Ripple has ALWAYS been 100% open source..
I bet the bank simply downloaded the source code and integrated it right ?

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February 03, 2017, 05:15:51 AM
 #7

It is all hype. We have seen a lot of news like this about Ripple beginning 2 to 3 years ago and nothing has happened. Are we seeing being used by the banks? No. Will the banks use Ripple?. No again. Is this hype in the interest of the company behind Ripple to pump XRP? No answer needed.

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February 03, 2017, 06:08:27 AM
Last edit: February 03, 2017, 06:22:43 AM by flipme
 #8

It is all hype. We have seen a lot of news like this about Ripple beginning 2 to 3 years ago and nothing has happened. Are we seeing being used by the banks? No. Will the banks use Ripple?. No again. Is this hype in the interest of the company behind Ripple to pump XRP? No answer needed.

Ripple has never been hyped as a store of value, only as a transaction system.

Quite the opposite is the case, RippleLabs always made it clear, that they would go against every attempt to pump up the price of the tokens, by any third party, and thats what they are doing.

Its the ONLY transaction system capable of offering industry strength so far, and thus its being adopted by a lot of banks and institutions to save money on their internal infrastructure.

Your comments show your agenda, and your lack of knowledge or denial of the facts very clearly.
Your only problem with Ripple is, that you can't make money pumping the shit out of it.

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February 03, 2017, 06:21:25 AM
 #9

How to get some xrp, is it sold or being given away? Ripple looks like professional company, but with no mining or ico, how will they sell so much tokens without hurting previous investors.
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February 03, 2017, 06:25:26 AM
 #10

How to get some xrp, is it sold or being given away? Ripple looks like professional company, but with no mining or ico, how will they sell so much tokens without hurting previous investors.

Its pretty pointless for private investors to invest in the tokens. The goal is to keep them cheap and at a stable price.
To make money with Ripple, you would have to be an integrator, or offer some service which adds value employing the system.

Its also a becoming a more convenient and faster way than Bitcoin, to check out of exchanges like Poloniex.
Bitstamp for example accepts XRP, and its fast, compared to the ongoing BTC disaster with the ever more clogged blockchain.

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February 03, 2017, 07:23:37 AM
 #11

How to get some xrp, is it sold or being given away? Ripple looks like professional company, but with no mining or ico, how will they sell so much tokens without hurting previous investors.

Its pretty pointless for private investors to invest in the tokens. The goal is to keep them cheap and at a stable price.
To make money with Ripple, you would have to be an integrator, or offer some service which adds value employing the system.

Its also a becoming a more convenient and faster way than Bitcoin, to check out of exchanges like Poloniex.
Bitstamp for example accepts XRP, and its fast, compared to the ongoing BTC disaster with the ever more clogged blockchain.

I never heard that the goal was to "keep them cheap".

I understand it more as they sell(recently lend) hundreds of millions of XRP at or around market price per month for the last 2 to 3 years. These institutional buyers have lock up agreements.
So they have been selling billions for years and the price has been somewhat stable with a handful of pump and dumps compared to any other digital asset.

It seems like ripple will be just fine for a long time if XRP stays cheap. XRP appreciation and real world volume or even real use at all to cut cost on an open protocol for all people created by a private company would mark a historic milestone for the financial world.

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February 03, 2017, 07:28:24 AM
 #12

I could not even count how many times i have heard the BIG NEWS..
Only thing different is this time a country was mentioned.. "Abu" what now ? LOL
Every month or two there has been BIG BANKS ARE USING RIPPLE news posted here.. for years.
and...

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February 03, 2017, 08:12:34 AM
 #13

what this mean, abu dhabi bank can busness to crypto coin industry
abu dhabi bank can create new altcoin use riple technology, or only use blockchain technology to bank industry

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February 03, 2017, 02:19:36 PM
 #14

Guys, and how much this positive news could affect the price of the coin? And how many have to wait? I do not particularly delved into the essence of the Ripple. I bought at the price 650 Satoshi per 1 XRP. I think this is the normal purchase price. Smiley



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February 03, 2017, 11:08:34 PM
 #15

Yes, and like Garlinghouse recently said 2017 will be when things happen for Ripple. The banks have chosen their blockchain vehicle of choice and it is Ripple.

Here are a few details I'm not sure how Coindesk missed this one:

http://www.pymnts.com/news/mobile-commerce/2017/amazon-43-percent-of-online-sales-in-2016/
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February 04, 2017, 12:20:21 AM
 #16

Yes, and like Garlinghouse recently said 2017 will be when things happen for Ripple. The banks have chosen their blockchain vehicle of choice and it is Ripple.

Here are a few details I'm not sure how Coindesk missed this one:

http://www.pymnts.com/news/mobile-commerce/2017/amazon-43-percent-of-online-sales-in-2016/


Hi PentagonPinnacle,

you may be right about Ripple [XRP] being the choice for Banks. With Blockchain being introduced to the Clearnet the people who starts messing with the technology will have an understanding of how to process the payments and how to secure their "Money" before someone else does.

The Ripple [XRP] staff members already know that the price will most likely go up because the developers of other coins aren't around for updates. It really is that simple.

I am not sure why you posted that Amazon online sales article. There isn't any mention of Blockchain or Ripple in it.


Please lmk, thanks.


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February 04, 2017, 12:36:39 AM
Last edit: February 05, 2017, 01:11:39 AM by bbc.reporter
 #17

It is all hype. We have seen a lot of news like this about Ripple beginning 2 to 3 years ago and nothing has happened. Are we seeing being used by the banks? No. Will the banks use Ripple?. No again. Is this hype in the interest of the company behind Ripple to pump XRP? No answer needed.

Ripple has never been hyped as a store of value, only as a transaction system.

Quite the opposite is the case, RippleLabs always made it clear, that they would go against every attempt to pump up the price of the tokens, by any third party, and thats what they are doing.

Its the ONLY transaction system capable of offering industry strength so far, and thus its being adopted by a lot of banks and institutions to save money on their internal infrastructure.

Your comments show your agenda, and your lack of knowledge or denial of the facts very clearly.
Your only problem with Ripple is, that you can't make money pumping the shit out of it.

Hype is hype and they have the XRP which of course they control and they want to unload in the market. The argument that Ripple was never hyped as a store of value is their defense strategy in case investors lose money. Do you really believe they do not want XRP to rise in price?

All that happened with Ripple is they were tested by the banks and nothing.

Your agenda is also showing because you want it to rise in price and then sell them for bitcoins while pretending you support it. That makes you worse.

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February 04, 2017, 04:04:22 AM
 #18

That is good news, i hope will be followed by other good news
and many banks that adopt ripple will make more trust in ripple,
it is mean the developers of ripple are so serious building ripple for
more better in the future.
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February 04, 2017, 05:50:40 AM
 #19

Banks can already do instant transactions at the cost they want.
Go to LocalBitcoins and buy coins with your bank account and watch how fucking fast it goes.
One way is with Interac eTransfer which takes as long as 1 minute usually instantly..
You click on the confirmation email and bam the shit is done and cost the sender 1 dollar.

Real big professional banks will never have any use for a block chain.
If they did ..they would have been using them decades ago.

Nor will the invest into a scheme where they have to buy Ripple ICO coins in order to use the system.

You all need to use some common sense.

There has never been a big bank that used a block chain.
All we have heard is rumors that obscure little Nigerian banks in Africa are fucking around with Ripple etc.
Probably as a part of some pump & dump scheme is my bet.

Banks do not operate out of generosity or for the good of man.
They exist for one reason.. to be the worlds first and for most authority on being a greedy sleazy piece of shit to siphon money from YOU WALLET !

How would a bank using a block chain make them money ?
That is the only fucking thing they would ask themselves.

You get 2 reasons then..

1) You get better money transfer performance.

or

2) pump & dump.

The first thing is not needed because they can already do near instant transactions while not having to adhere to a platform's rules etc.
Banks can operate behind closed doors how ever they want.
So why would a bank use their shit ?

Think of it this way.. take GOX.
Mark basically admitted to having to fudge the books behind closed doors.
The block-chain ended up being a problem with his back end code he wrote for the exchange.
Possibly an excuses simply so he could get this hands on the money in the fist place.

But why be forced to work with a block chain and sever rules on how it works if you don't have to ?
Banks can run with a monkey in the back and a piece of paper writing down balances if they want to.

It would cost them money to implement a block chain.. not MAKE them money !
Would they add Ripple for the customers benefit ? So the users of the bank can trade Ripple tokens ?
Would they have to buy Ripple coins ahead of time from Ripple bag holders in order to provide this service ?
If not then why would the end users or Ripple "Investors" even care ?
Unless you were invested in the bank itself then who gives a fuck right ?

Seriously no matter which way you look at this bullshit news it reeks.

Think about it people long and hard before being suckered in with Big Banks news bullshit.

FUD first & ask questions later™
PentagonPinnacle
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February 04, 2017, 03:26:39 PM
 #20

Yes, and like Garlinghouse recently said 2017 will be when things happen for Ripple. The banks have chosen their blockchain vehicle of choice and it is Ripple.

Here are a few details I'm not sure how Coindesk missed this one:

http://www.pymnts.com/news/mobile-commerce/2017/amazon-43-percent-of-online-sales-in-2016/


Hi PentagonPinnacle,

you may be right about Ripple [XRP] being the choice for Banks. With Blockchain being introduced to the Clearnet the people who starts messing with the technology will have an understanding of how to process the payments and how to secure their "Money" before someone else does.

The Ripple [XRP] staff members already know that the price will most likely go up because the developers of other coins aren't around for updates. It really is that simple.


I am not sure why you posted that Amazon online sales article. There isn't any mention of Blockchain or Ripple in it.

Please lmk, thanks.

Hi Winner,

In the article its clear the bank is not analyzing or researching how to implement blockchain. They have actually adopted the Ripple transaction system for a bank which accounts for the fourth top remittance-sending country in the world, for more than $19 billion.

Now this will certainly have an impact on ripple coins without a doubt. In my opinion in 5-10 years Ripple value will be over a penny at the very least and that is only if this particular bank alone continues to use the system.

And, as other banks implement it will only confirm a future increase in value. This is a coin institutions have long been fond of along with huge corporate players like Google and Apple. And to date 100 million+ has been invested in the development so it meets the needs of the particular institutions it is trying to win over.

So, is there a possibility in 2017 we may see the price increase based on future projections yes I think so absolutely.

Brad Garlinghouse himself says:

“Banks and their customers have been hearing about the promise of blockchain technology to enable real-time cross-border payments,” said Brad Garlinghouse, CEO of Ripple. “Now, some of the most innovative and successful banks like NBAD are making this a reality by offering Ripple-enabled payments to their entire customer base and, in doing so, paving the way to make 2017 the year we see broad commercialization of blockchain take hold globally.”

Here is a copy of the whole article I had linked to not sure why it appeared as Amazon maybe because it was on the same page:


The National Bank of Abu Dhabi (NBAD) announced that it has become the first bank in the Middle East and North Africa to introduce real-time, cross-border payments on blockchain, thanks to its partnership with Ripple, a U.S. company specializing in blockchain.

The NBAD now joins a growing list of banks around the world that have adopted the technology, including Santander, Standard Chartered and Unicredit. According to Reuters, Standard Chartered is also an investor in Ripple.

Ripple offers banks the ability to coordinate real-time payments across multiple ledgers to minimize risk as well as delays by using blockchain, which works as an electronic transaction–processing and recordkeeping system that allows all parties involved to track information through a secure network.

Ripple received $55 million in funding last year and has been steadily signing new clients across the globe ever since. Finextra reports that the United Arab Emirates is ranked as the fourth top remittance-sending country in the world, accounting for more than $19 billion.

“Banks and their customers have been hearing about the promise of blockchain technology to enable real-time cross-border payments,” said Brad Garlinghouse, CEO of Ripple. “Now, some of the most innovative and successful banks like NBAD are making this a reality by offering Ripple-enabled payments to their entire customer base and, in doing so, paving the way to make 2017 the year we see broad commercialization of blockchain take hold globally.”

At the NBAD, Ripple’s technology sits within the bank’s existing infrastructure, giving customers certainty of results and fewer delays with transactions, as well as minimizing the cost of cross-border transactions. According to Ripple, an estimated $1.7 trillion is spent on cross-border transaction fees each year.

“We’re always exploring new ways to enhance our customers’ experience,” said Vineet Varma, managing director and head of global transaction banking at NBAD. “With blockchain, we hope that we could address the needs of our customers and drive forward more efficient and flexible service.”
 
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