Planet Rugby Forum

sorCrer wrote:

brat wrote:

sorCrer wrote:Hey Goey,

Here's some interesting news. Santander...Ripple

https://www.finextra.com/newsarticle/31 ... via-ripple

Sorcrer..just briefly skimmed through this thread

Sounds like you’ve made a shitload of cryptos.. are we talking about 100 -200k plus ballpark?

Not sure what currency you mean? NZD? I have a fairly large holding built over a couple of years. I trade +/- USD$2million a month.

goeagles wrote:

sorCrer wrote:Hey Goey,

Here's some interesting news. Santander...Ripple

https://www.finextra.com/newsarticle/31 ... via-ripple

Unless I'm missing something, this is exactly what I've been talking about with Ripple. Where's the use of XRP? Ripple has other blockchain products that don't require the use of XRP and that seems to be what banks are going with, not XRP.

goeagles wrote:

sorCrer wrote:Hey Goey,

Here's some interesting news. Santander...Ripple

https://www.finextra.com/newsarticle/31 ... via-ripple

Unless I'm missing something, this is exactly what I've been talking about with Ripple. Where's the use of XRP? Ripple has other blockchain products that don't require the use of XRP and that seems to be what banks are going with, not XRP.

sorCrer wrote:

goeagles wrote:

sorCrer wrote:Hey Goey,

Here's some interesting news. Santander...Ripple

https://www.finextra.com/newsarticle/31 ... via-ripple

Unless I'm missing something, this is exactly what I've been talking about with Ripple. Where's the use of XRP? Ripple has other blockchain products that don't require the use of XRP and that seems to be what banks are going with, not XRP.

Xrapid. https://ripple.com/solutions/source-liquidity/

sorCrer wrote:

goeagles wrote:

sorCrer wrote:Hey Goey,

Here's some interesting news. Santander...Ripple

https://www.finextra.com/newsarticle/31 ... via-ripple

Unless I'm missing something, this is exactly what I've been talking about with Ripple. Where's the use of XRP? Ripple has other blockchain products that don't require the use of XRP and that seems to be what banks are going with, not XRP.

Xrapid. https://ripple.com/solutions/source-liquidity/

Harveys wrote:

Leinster in London wrote:
And if something different happens it will be explained and a re-interpreted future given by another
set of magic numbers.

Harveys wrote:https://www.finextra.com/newsarticle/31 ... l-currency

Nathaniel Popper and Brad Garlinghouse exchainge re the use of XRP.

sorCrer wrote:

goeagles wrote:

sorCrer wrote:Hey Goey,

Here's some interesting news. Santander...Ripple

https://www.finextra.com/newsarticle/31 ... via-ripple

Unless I'm missing something, this is exactly what I've been talking about with Ripple. Where's the use of XRP? Ripple has other blockchain products that don't require the use of XRP and that seems to be what banks are going with, not XRP.

Xrapid. https://ripple.com/solutions/source-liquidity/

A Santander spokesperson, said "we plan to launch this in the next few months, and we can confirm on the record that we plan to use xCurrent in the project."

Ripple's xCurrent product does not use XRP, the company's native cryptocurrency.

goeagles wrote:

sorCrer wrote:

goeagles wrote:

sorCrer wrote:Hey Goey,

Here's some interesting news. Santander...Ripple

https://www.finextra.com/newsarticle/31 ... via-ripple

Unless I'm missing something, this is exactly what I've been talking about with Ripple. Where's the use of XRP? Ripple has other blockchain products that don't require the use of XRP and that seems to be what banks are going with, not XRP.

Xrapid. https://ripple.com/solutions/source-liquidity/

Wnere about Xrapid? Literally from the Coindesk article:

A Santander spokesperson, said "we plan to launch this in the next few months, and we can confirm on the record that we plan to use xCurrent in the project."

Ripple's xCurrent product does not use XRP, the company's native cryptocurrency.

https://www.coindesk.com/santander-uk-r ... yment-app/

sorCrer wrote:

Harveys wrote:https://www.finextra.com/newsarticle/31 ... l-currency

Nathaniel Popper and Brad Garlinghouse exchainge re the use of XRP.

I'm predicting XRP at between $5 - $10 by mid year. I'm working towards holding 100 000 of them.

brat wrote:

sorCrer wrote:

brat wrote:

sorCrer wrote:Hey Goey,

Here's some interesting news. Santander...Ripple

https://www.finextra.com/newsarticle/31 ... via-ripple

Sorcrer..just briefly skimmed through this thread

Sounds like you’ve made a shitload of cryptos.. are we talking about 100 -200k plus ballpark?

Not sure what currency you mean? NZD? I have a fairly large holding built over a couple of years. I trade +/- USD$2million a month.

That sounds like more than enough to live off..so have you retired from your normal work to live off trading crypto?
Just interested because I've read a few stories of people giving up their normal occupations to trade.. risky but if it pays off you're made for life

Partnerships (publicly known)
Accenture[52] • Akbank[53] • American Express[54] • ATB Financial[55] • Axis Bank[53] • Banco Bilbao Vizcaya Argentaria (BBVA)[53] • BMO Financial Group[56] • Cambridge Global Payments[53] • Canadian Imperial Bank of Commerce (CIBC)[55] • CBW Bank[3] • CGI Group[57] • Cross River Bank[3] • Davis + Henderson (D+H)[58] • Deloitte[59] • Earthport[40] • Expertus[60] • eZforex[53] • Fidor Bank[39] • Mitsubishi UFJ Financial Group (MUFG)[53] • Mizuho Financial Group (MHFG)[56] • National Australia Bank (NAB)[56] • National Bank of Abu Dhabi (NBAD)[55] • ReiseBank[55] • Royal Bank of Canada (RBC)[56] • Santander[61] • SBI Holdings[62] • SBI Remit[53] • Shanghai Huarui Bank (SHRB)[56] • Siam Commercial Bank (SCB)[56] • Skandinaviska Enskilda Banken AB (SEB)[53] • Standard Chartered[56] • Star One Credit Union[53] • Tas Group[63] • Temenos Group[59] • UBS[55] • UniCredit Group[55] • Volante Technologies[64] • Westpac Banking Corp[56] • Yantra Financial Technologies[65] • Yes Bank[53]

Experimenting (publicly known)
Aeon Bank[66] • Aomori Bank[66] • Ashikaga Bank[66] • Australia and New Zealand Banking Group (ANZ)[67] • Awa Bank[66] • Bank of England[68] • Bank of the Ryukyus[66] • Bank of Yokohama[66] • Chiba Bank[66] • Chugoku Bank[66] • Commonwealth Bank of Australia[44] • Daiwa Next Bank[66] • DBS Group Holdings[69] • Fukui Bank[66] • Gunma Bank[66] • Hachijuni Bank[66] • Hiroshima Bank[66] • Hokuriku Bank[66] • Hyakugo Bank[66] • Iyo Bank[66] • Juroku Bank[66] • Keiyo Bank[66] • Michinoku Bank[66] • Mizuho Financial Group[66] • Musashino Bank[66] • Nishi-Nippon City Bank[66] • North Pacific Bank[66] • Oita Bank[66] • Orix Bank Corporation[66] • Resona Bank[66] • Royal Bank of Scotland (RBS)[70] • San-in Godo Bank[66] • SAP[71] • SBI Sumishin Net Bank[66] • Senshu Ikeda Bank[66] • Seven Bank[66] • Shimizu Bank[66] • Shinkin Central Bank[66] • Shinsei Bank[66] • Sikoku Bank[66] • Sony Bank[66] • Sumitomo Mitsui Trust Bank[66] • Suruga Bank[66] • The 77 Bank[66] • The Daishi Bank[66] • The Nomura Trust & Banking Co.[66] • Tochigi Bank[66] • Toho Bank[66] • Tokyo Star Bank[66] • Tsukuba Bank[66] • Western Union[32] • Yachiyo Bank[66] • Yamagata Bank[66] • Yamaguchi Bank[66]

So Santander, the 18th largest bank in the world is rolling out a Ripple powered (Xcurrent) mobile app in Q1 with apple pay in four countries providing cross boarder settlements in 40 seconds at 30% less cost to 14M consumers. This isn’t a trial, this is actual adoption happening now, not years down the track.

So what are the other banks using technology that takes 3+ days at greater cost thinking? They are paying attention.

XRP is not currently being used but at what point does taking that 40second transaction and turning it into a 5 second transaction at a further reduction of cost become further market advantage?

bimboman wrote:

So Santander, the 18th largest bank in the world is rolling out a Ripple powered (Xcurrent) mobile app in Q1 with apple pay in four countries providing cross boarder settlements in 40 seconds at 30% less cost to 14M consumers. This isn’t a trial, this is actual adoption happening now, not years down the track.

So what are the other banks using technology that takes 3+ days at greater cost thinking? They are paying attention.

XRP is not currently being used but at what point does taking that 40second transaction and turning it into a 5 second transaction at a further reduction of cost become further market advantage?

What takes 3 days now ?

Harveys wrote:

bimboman wrote:

So Santander, the 18th largest bank in the world is rolling out a Ripple powered (Xcurrent) mobile app in Q1 with apple pay in four countries providing cross boarder settlements in 40 seconds at 30% less cost to 14M consumers. This isn’t a trial, this is actual adoption happening now, not years down the track.

So what are the other banks using technology that takes 3+ days at greater cost thinking? They are paying attention.

XRP is not currently being used but at what point does taking that 40second transaction and turning it into a 5 second transaction at a further reduction of cost become further market advantage?

What takes 3 days now ?

Plenty of examples of international transfers taking that long, I recently sent one from Aus to NZ.

What is doing instant payments now and at what cost?

bimboman wrote:

Harveys wrote:

bimboman wrote:

So Santander, the 18th largest bank in the world is rolling out a Ripple powered (Xcurrent) mobile app in Q1 with apple pay in four countries providing cross boarder settlements in 40 seconds at 30% less cost to 14M consumers. This isn’t a trial, this is actual adoption happening now, not years down the track.

So what are the other banks using technology that takes 3+ days at greater cost thinking? They are paying attention.

XRP is not currently being used but at what point does taking that 40second transaction and turning it into a 5 second transaction at a further reduction of cost become further market advantage?

What takes 3 days now ?

Plenty of examples of international transfers taking that long, I recently sent one from Aus to NZ.

What is doing instant payments now and at what cost?

Does the Santander app have an FX component ? All ripple are doing is replacing Swift messaging within the instruction chain.

Harveys wrote:Sorry, posted before finishing.

If all Ripple was doing is what you state, why would swift not adapt there systems negating ripples need to be used?

Harveys wrote:Sorry, posted before finishing.

If all Ripple was doing is what you state, why would swift not adapt there systems negating ripples need to be used?

https://ripple.com/solutions/source-liquidity/

bimboman wrote:

https://ripple.com/solutions/source-liquidity/

For this to happen XRP would have to be very very stable in price. It also means banks would have to own XRP in varying amounts and that would need regulatory approval and interesting approaches to the valuation of XRP.

Yes, XRP is released from escrow systematically for this purpose, Jan 1 Billion was released and 90 Million returned.

To provide additional predictability to the XRP supply, Ripple has locked 55 billion XRP (55% of the total possible supply) into a series of escrows. These escrows are on the ledger itself and the ledger mechanics, enforced by consensus, control the release of the XRP.

I'm not doubting the tech, swift will be vulnerable etc. But even Ripples success doesn't mean XRP has any value.

That is true but it will at the very least drive speculation in the short to mid term.

Ripple is going after the international cross currency transaction market. Specifically, instant transactions at virtually no cost using XRapid. Yes the volatility is an issue as is the perception of the crypto market. Ripple are trying to position themselves to be the one who bridges the two worlds eventually and they are doing a great job so far. Could xcurrent be as far as it goes leaving XRP worthless, yes however xrapid is in working trials now with FI's, successful reported trials. It is also just an upgrade to the existing xcurrent programs that will be in place already. That is not taking into account other applicable uses that may arise in the future.

A sure thing? No, but in the world of crypto I think it’s worth a punt. Banks will always be there, who will position themselves to work with them first with the technology?

bimboman wrote:How much have ripple spent ? Will there be competing services ?

Does,XRP have limited numbers like Bitcoin ? When you say "release" I'm assuming they're differant from mined coins.?

Harveys wrote:

bimboman wrote:How much have ripple spent ? Will there be competing services ?

Does,XRP have limited numbers like Bitcoin ? When you say "release" I'm assuming they're differant from mined coins.?

Unsure what has been spent.

Competing services as in other crypto players going after the same market? No one is remotely close to ripples level of development in that space.

Yes, 100 Billion. 39 in circulation and 55 in escrow. 1 billion is released from escrow each month for ripple to sell to institutional investors, it does not go to open market and goes back to escrow if unused.

Harveys wrote:I am across this to the degree that I have been doing bits a pieces of research over the last month on line and reading forums, I’m sure there are more knowledgeable posters on the subject. I hold XRP so look at through that lenses as well.

bimboman wrote:

Harveys wrote:I am across this to the degree that I have been doing bits a pieces of research over the last month on line and reading forums, I’m sure there are more knowledgeable posters on the subject. I hold XRP so look at through that lenses as well.

I'm looking for the issue that if it becomes a standard payment tech (like swift ) then the XRP has to become a standard price or worthless as banks and the payment system would be hostage to fortune.

Plus they'll have regulatory issues galore in he holding of an asset.

bimboman wrote:

Harveys wrote:

bimboman wrote:How much have ripple spent ? Will there be competing services ?

Does,XRP have limited numbers like Bitcoin ? When you say "release" I'm assuming they're differant from mined coins.?

Unsure what has been spent.

Competing services as in other crypto players going after the same market? No one is remotely close to ripples level of development in that space.

Yes, 100 Billion. 39 in circulation and 55 in escrow. 1 billion is released from escrow each month for ripple to sell to institutional investors, it does not go to open market and goes back to escrow if unused.

Are they selling any portion of x current with the coins ? Does the market think they'll make the coins central to the eventual tech ?

You know the issue lies with how the users of the tech (banks) value and hedge the volatility of the coins if they HAVE to hold them, they can't be subject to open exchange and be useful .

Seneca of the Night wrote:

Harveys wrote:

bimboman wrote:

Harveys wrote:I am across this to the degree that I have been doing bits a pieces of research over the last month on line and reading forums, I’m sure there are more knowledgeable posters on the subject. I hold XRP so look at through that lenses as well.

I'm looking for the issue that if it becomes a standard payment tech (like swift ) then the XRP has to become a standard price or worthless as banks and the payment system would be hostage to fortune.

Plus they'll have regulatory issues galore in he holding of an asset.

The world over?

Basel.

Harveys wrote:

bimboman wrote:

Harveys wrote:

bimboman wrote:How much have ripple spent ? Will there be competing services ?

Does,XRP have limited numbers like Bitcoin ? When you say "release" I'm assuming they're differant from mined coins.?

Unsure what has been spent.

Competing services as in other crypto players going after the same market? No one is remotely close to ripples level of development in that space.

Yes, 100 Billion. 39 in circulation and 55 in escrow. 1 billion is released from escrow each month for ripple to sell to institutional investors, it does not go to open market and goes back to escrow if unused.

Are they selling any portion of x current with the coins ? Does the market think they'll make the coins central to the eventual tech ?

You know the issue lies with how the users of the tech (banks) value and hedge the volatility of the coins if they HAVE to hold them, they can't be subject to open exchange and be useful .

100 billion is a huge number, BTC has 16.8m. The banks holding restricts total circulation which is needed. I have heard that a higher stable number would work best for the application. There is burn off so it is deflationary. Ripple Burn For every transaction on the ripple network the ledger deducts 10 drops as terms of ripple it is 0.00001 of a ripple. At this calculation that is for every 100,000 transactions 1 Ripple is burned

bimboman wrote:

Harveys wrote:

bimboman wrote:

Harveys wrote:

bimboman wrote:How much have ripple spent ? Will there be competing services ?

Does,XRP have limited numbers like Bitcoin ? When you say "release" I'm assuming they're differant from mined coins.?

Unsure what has been spent.

Competing services as in other crypto players going after the same market? No one is remotely close to ripples level of development in that space.

Yes, 100 Billion. 39 in circulation and 55 in escrow. 1 billion is released from escrow each month for ripple to sell to institutional investors, it does not go to open market and goes back to escrow if unused.

Are they selling any portion of x current with the coins ? Does the market think they'll make the coins central to the eventual tech ?

You know the issue lies with how the users of the tech (banks) value and hedge the volatility of the coins if they HAVE to hold them, they can't be subject to open exchange and be useful .

100 billion is a huge number, BTC has 16.8m. The banks holding restricts total circulation which is needed. I have heard that a higher stable number would work best for the application. There is burn off so it is deflationary. Ripple Burn For every transaction on the ripple network the ledger deducts 10 drops as terms of ripple it is 0.00001 of a ripple. At this calculation that is for every 100,000 transactions 1 Ripple is burned

So burns not the issue. 100 billion USD to corner the banking exchange market would be interesting though.

sorCrer wrote:My 7200 - 7500 may well be tested here.

Seneca of the Night wrote:I've done some sophisticated chart work. It's going down to $500.

The print edition of the Telegraph this morning lead with a story about Lloyds putting the kybosh on folk buying cryptos on their credit cards.

Leinster in London wrote:

Seneca of the Night wrote:I've done some sophisticated chart work. It's going down to $500.

The print edition of the Telegraph this morning lead with a story about Lloyds putting the kybosh on folk buying cryptos on their credit cards.

Instinctively the damage has already been done. They've more than likely just realised that between the middle of Dec and mid Jan a couple of hundred thousand people maxed their credit card with BTC purchase. Maybe a couple of billion spent with their customers exposed to approx £1bn losses.

Bowens wrote:

Leinster in London wrote:

Seneca of the Night wrote:I've done some sophisticated chart work. It's going down to $500.

The print edition of the Telegraph this morning lead with a story about Lloyds putting the kybosh on folk buying cryptos on their credit cards.

Instinctively the damage has already been done. They've more than likely just realised that between the middle of Dec and mid Jan a couple of hundred thousand people maxed their credit card with BTC purchase. Maybe a couple of billion spent with their customers exposed to approx £1bn losses.

I think poor TranceNRG is one of them. The people encouraging others to invest in this recently are scum.