Thanks for the reply MoXJO, but quoting from the source, hmmm, Ripple must tell the truth.
from your links
"xRapid is for payment providers and other financial institutions who want to minimize liquidity costs while improving their customer experience. Because payments into emerging markets often require pre-funded local currency accounts around the world, liquidity costs are high. xRapid dramatically lowers the capital requirements for liquidity"
Wow, my marketing guys can write this stuff day in day out. How does it lower the capital requirements for liquidity.
Maybe by creating your own currency out of thing air and no real cost.
"xRapid uniquely uses a digital asset, XRP, to offer on-demand liquidity, which dramatically lowers costs while enabling real-time payments in emerging markets. Built for enterprise use, XRP offers banks and payment providers a highly efficient, scalable, reliable liquidity option to service cross-border payments."
How does it lower costs? The rest is marketing crap trap.
Mind you, it is a impressive website, well constructed, with great graphics and information that sounds impressive but has little meaning.
Next:
David Schwartz
@JoelKatz
Improving global settlement with blockchain tech. Chief Cryptographer at Ripple; one of the original architects of the XRP network.
One must always trust someone who works for the company that is spruiking their wares
Brad Garlinghouse
@bgarlinghouse
CEO at Ripple
CEO always tell the truth, don't they
Ripple
@Ripple
Global real-time settlement.
Thank-you for providing these informative links and confirming what I thought, there are so many great fools out there to give up their hand earned dollars for an idea without substantiated proof of concept to chase an easy dollar.
The GUYS are Ripple at GENIUSES, they have played the world market and so far won.
Just to give you thought! Don't you think that someone in the entire banking community might also have tried to find a way of increasing customer satisfaction through speed of payment before a company like ripple thought that a crypto currency was a way to sell a technology to the bankers.
On one last note for the evening, I do see XRP going higher
I'm not saying I believe their bs pitches. I didn't know thats what you were asking.
But if it is adopted by banks in asia it will pump. Thats all I care about at the moment.
It's way to risky to say anything is a sure thing and will be adopted with cryptocoin. But ripple has a good team to push their product.
5 min read / December 31, 2017
By
Guy Ettlin
The Ripple token XRP has had a very successful close to 2017. There has been a 10-fold increase in price over the course of a month with XRP trading at $2.30 at the time of writing. This could be due to speculators pushing up the price, as is likely happening with many coins that have enjoyed recent record highs. But as many have pointed out, Ripple is worth looking into as an investment option for the long-run because its value proposition is uniquely promising, considering it could replace SWIFT as the global choice for international settlements.
A Two-Step Process
However, recent sources have also pointed out that the value of the company Ripple doesn’t necessarily translate into true value underlying the XRP token that people have been buying into. A closer look at Ripple’s strategy to bring international banks on board their mission unveils that the company, in fact, appears to be planning on using two steps to achieve their ultimate goal of becoming the go-to system for settlements.
The first step involves getting banks excited about their underlying technology by offering a system called xCurrent. This is Ripple’s enterprise software solution that lets institutions tap into the powerful and efficient system for cross-border payment processing that the company Ripple has developed. It supposedly saves users significant portions of their funds on top of speeding up the process and increasing security. In short, it connects banks more efficiently but doesn’t necessarily get rid of the set-up used in SWIFT settlements whereby banks need to fund Nostro and Vostro accounts and decide on the interval of settling these accounts and the rates they will use. In other words, banks need to maintain parts of a rather inefficient system, but they can send any currency they want using xCurrent and do not need to buy large amounts XRP tokens to conduct settlements. In fact, they only need enough XRP to pay the network fees associated with each transaction.
Because this still involves some inefficiencies, Ripple proposes that banks use XRP to settle transactions. This is the currency that is native to the network and brings about even greater savings. It is advertised as a be-all and end-all solution to cross-border payments, and that is effectively what long-term investors are betting on when they buy XRP. This will come about once XRP is the universally accepted token for settlements on the Ripple network, held and trusted by all members of the network.
Looking at this two-step approach, it appears that the company is using a type of foot-in-the-door technique to get banks on board, only to sell the main solution to them in a second step.
Step one is already happening very successfully but step two is still quite far away. This is because of the risk of using XRP in the settlement process. Banks will only use the token if the price is relatively stable and not motivated solely by beliefs about its future price track. They are interested in settling transactions in the cryptocurrency that is the globally accepted reserve option. It is questionable whether XRP is on the path to becoming the said option. Both parties to the transaction would need to be willing to hold and exchange XRP at any given time.
What Does This Mean for Investors?
It is easy to fall into the trap of thinking that investing in XRP means investing in the company Ripple. This is only partially true.
Ripple, the company, has come up with arguably one of the best applications of the blockchain technology in existence. The ultimate mission of the company remains the same, but unfortunately buying XRP doesn’t exactly translate into buying a stock in the company. XRP will only truly take-off once it is universally used by all banks using the system and at a stable price that doesn’t raise currency risks in transactions. Banks will not care how much a single token is worth because it is simply used as a bridge currency, but since supply is limited, one can bet on daily transaction volumes being high which needs to be sustained by a limited amount of tokens carrying value from A to B, therefore putting upward pressure on the price of XRP.
In such a scenario, investors could be confident that they are putting faith in a token that has real, tangible and measurable value. This stands in contrast to a scenario in which XRP becomes more valuable simply because everybody believes that it has value that translates into a higher trading price. There are many obstacles on the path of achieving the former, including the question whether XRP will be globally trusted and accepted. While XRP will enable banks to more easily tap into new and expanding markets, it remains open whether this is a strong enough incentive to use it. Ultimately, one of the main questions to be answered is whether at some point in the future the benefits of the savings associated with using XRP on the Ripple network will outweigh the risks associated with using the token in the eyes of the financial institutions using the technology.
Conclusion
As of right now only the network fee of a transaction needs to be paid in XRP and that is likely not a strong enough market force to justify the recent price hike. Therefore it is reasonable to assume that a lot of speculative value is currently driving the XRP trading price, which is fine in the short-run but likely not sustainable in the long-run. This means investors planning to buy and hold XRP need to be aware of the delicate structure of Ripple’s value proposition and need to decide how much value (i.e. how much price saving on behalf of the institutions using the network) they truly see over a longer time horizon.
I got in early so I'm sitting pretty.Sorry missed this. If you could invest in the company, I would, I think it could be a winner, the crypto $ they have made are just funding a much bigger fish they are after. XRP currency is a dude, but the company and technology behind are not, big difference
They have floated it!!I got in early so I'm sitting pretty.
I think they were going to float the company. Sure I heard it somewhere.
David Shwartz is a genius!!
Anyone got any contacts with big wigs of any of the banks?
Someone must know a link to one of the bank trials.
Cheers for that. Nice to get more informed opinions from guys closer to the action.Also an interesting phenomenon, some of the "early adopters" inside our organisation who were so interested that they dug in and really researched and understood the underlying technology, those guys have become serial debunkers of cryptocurrency hype within our org.
Tech/A,
Are you able to provide any update on your trades with this crypto currency, just out of interest.
This is rather out of character!
Not the one Duck thread to be taking advice from or seeking to feel reassured about your position.
Nothing tech/a about it.
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