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Author Topic: -- Ripple -- Japanese banks will start using XRP this year  (Read 2898 times)
bbc.reporter
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August 09, 2017, 01:59:24 AM
 #21

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.


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August 09, 2017, 03:45:19 AM
 #22

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%
hahahaa there were about 50 coins that gained more then ripple today dont know where you get your info from ?
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August 09, 2017, 04:18:57 AM
 #23

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.

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August 09, 2017, 01:18:18 PM
 #24


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. 

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August 09, 2017, 01:31:56 PM
 #25

Ripple has good promotions.I believe it will be accepted by banks worldwide.I will hold it for long term .

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August 09, 2017, 01:41:59 PM
 #26


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)

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August 09, 2017, 01:48:15 PM
 #27

this is nonsense. no source. and it only says pilot.


faith in authority is the enemy of the truth.
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August 09, 2017, 02:35:26 PM
 #28

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....

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August 09, 2017, 03:08:27 PM
 #29

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?

faith in authority is the enemy of the truth.
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August 09, 2017, 03:12:59 PM
 #30

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.

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August 09, 2017, 05:24:48 PM
 #31

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.
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August 09, 2017, 05:39:00 PM
 #32

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
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August 09, 2017, 06:11:53 PM
 #33

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.

Cool 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.

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August 09, 2017, 07:21:52 PM
 #34

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.

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August 09, 2017, 07:24:42 PM
 #35

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/

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August 09, 2017, 08:19:35 PM
 #36

Yes, banks need XRP  Grin




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.

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August 09, 2017, 08:43:02 PM
 #37

Yes, banks need XRP  Grin


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?   Wink
 

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August 09, 2017, 09:31:31 PM
 #38

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.

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August 09, 2017, 10:11:53 PM
 #39

Whats stopping the "banks" from creating there own ripple like tech?

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Butchick
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August 09, 2017, 11:08:02 PM
 #40

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.

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