Australian (ASX) Stock Market Forum

XRP - Ripple (in the pond)

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notting said:
Jumped 34% last night on the news that - Moneygram is 'testing' ripple to improve costs and time of exchanging money overseas.
This is a perfect use of ripple and would save Moneygram a fortune by circumventing banks.
Also it became apparent that there is little the Koreans can do to stop bit coin trading.
These are both endorsements of the technology, especially Ripple as a business - not the coins as the crazy valuation craze!
The volatility will definitely smooth out over time so that is not a reason to be doubting the tech.
Ripples transactions are so fast that volatility is not such an issue for them anyway.
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Ripple transaction times are super fast. Bitcoin and ethereum take too long and bitcoin fees are ridiculous. Apparently some ripples are destroyed with every transaction but it won't be a problem for 100 years.
Good news that some more companies are trialling the tech.
 
notting said:
Moneygram is 'testing' ripple to improve costs and time of exchanging money overseas.
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The reality is they dont need ripple to do that, its just jumping on the crypto bandwagon IMO. Soon enough the disruptive influence of the bit-tech will force the banks to adopt low fee, real time FX transfers. They will be able to do it much cheaper than the computational cost of bit-tech.

We are already seeing the effect on domestic banking with the introduction of real time, fee free transfers from later this month.
 
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Just when it had become fun to be a trader again..............................
2.95,2.96,2.95,2.94,2.95,2.94,2.95,2.96,2.95,2.94,2.95,2.94,2.95,2.96,2.95,2.94,2.95,2.94,
 
Moneygram is using xrp in trials.
Have to check if:
Siam bank Thailand
Axis bank India
Is using xrp as well.
 
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American Express Is Getting Into Blockchain-Based Payments With Ripple -
Not helping yet, all the Asians are getting blocked out.

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Can someone with more knowledge than I, explain to me what is happening with XRP at the moment? I am reasonably new to this, and have a small investment in XRP (nothing to write home about - more just fell into it) but am just interested to see what others are thinking. Thank you
 
Its falling!

Its volatile.

Its going to do a lot of this.
We (more than 1) bought a few at 84c av
We loved $4.80
We expected $2.

The good news is the spike down to $1.80 got bought up
very quickly---the bad news will be if it falls back over time
to the $1.80 level.

Personally if it gets down around $1-$1.50 Ill probably buy a bit more
But I think the only way it will get there is a spike low taking out stops.

Its a widely accepted way of moving money fast and being adopted by
more everyday---for me it has something tangible.
 
Thanks tech/a - I got in at I think 39c from memory, and was astounded at $4+. Do you see particular signposts I should be looking out for? I won't bother you again... I am new to this and looking for a little direction. Thank you.
 
tech/a said:
Its falling!

Its volatile.

Its a widely accepted way of moving money fast and being adopted by
more everyday---for me it has something tangible.
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I am intrigued by your comments as they do not seem to be in sync.

Are you saying XRP is widely accepted or that the block chain technology that it is based on is widely accepted.

If it is the later, then I agree, but no one owns the tech, it is open source, and will be used everywhere for a large range of contract settlements in the future.

If it is the former, how does one price a contract for the sale of goods using any of the crypto based on your first statement, volatile.

Ie I will sell my car for 100 XRP, on what price?, XRP to AUD/USD spot, as tomorrow it might be up 10% or down 10%.
What is the currency pair? I often purchase forex contracts AUD/USD for fixed price for a period of time, so I know how much I am paying.

Until any crypto becomes more stable can I see it's broad base use.
 
First Target hit, bottom one in it sights!

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Nothing to do with Ripple but to do with cryptos in general and the Chinese 'reportedly' claiming to be more strict on it. Commies now have control of Bitcoin and are playing everyone.
Give the CCP your cryptos in exchange for the bribes you have been paying to the local meter reader, if you were not one of us to begin with, whilst we tell the world we are cracking down.
 

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There will also be massive transfers from private servers in China into other places they have set them up outside the country.
That manipulation should stop before the US traders wake up after their holidays. A good short term spike opp.
Remember what I said the Chinese always do their dirtiest business when the West is looking the other way!!! Holidays!
 
My bank has emailed me to inform me real time payments are coming soon to Australia. Maybe xrp is more aimed and B2B transactions but cannot see my self using it any time soon.
 
fiftyeight said:
My bank has emailed me to inform me real time payments are coming soon to Australia. Maybe xrp is more aimed and B2B transactions but cannot see my self using it any time soon.
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Australia or international payments?
 
moXJO said:
Australia or international payments?
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Australia. But they have sorted local this quick who knows what they can do globally now there is a bit of pressure.

I can already make international purchases instantly, and I will be able to transfer money within Oz instantly. Me personally and most I know are not making many international cash transfers. I am guessing xrp is B2B focused
 
fiftyeight said:
Australia. But they have sorted local this quick who knows what they can do globally now there is a bit of pressure.
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Exactly, and as I have pointed out previously, this is what often happens with disruptive tech, the long term impact is simply that the established businesses improve their service and the disruptive tech fizzes out.
 
galumay said:
Exactly, and as I have pointed out previously, this is what often happens with disruptive tech, the long term impact is simply that the established businesses improve their service and the disruptive tech fizzes out.
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Just depends on fees and they still have to peg it to another currency I thought (international).
But you are right, have to keep an eye on the banks and jump out of xrp before they develop international payments to a comparable level.
The decentralised coins won't be fading out to quickly as the hardliners want to avoid the current banking system.
 
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