/biz/ - Business & Finance

>>20798224
You are going to be the one who kills yourself when you miss the boat again.

>mfw scotty doesnt know

>>20740910
You are an idiot.

>>19427504
Because I try to keep them grounded in reality. Why make up stupid larps when you can discuss a very real project with a lot of news coming out about it?

>>19394592
Weird how the ones with a lot of news always seem to be the slow threads.

>>19339092
You look like a schizo when you don't provide any sort of evidence for your claims.

>>19314207
Lol

>>19312237
Every bank I listed is using Ripple-tech that is powered by XRP. SBI and Santander in particular have just announced expanded partnerships. People think Ripple is some NWO project, because it's intended goal is to be a bridge currency for all central bank distributed coins. They're also known to be in talks with the Trump Administration and the US treasury. It was also recently mentioned at the World Economic Forum in Davos. People then extrapolate from this to come to the conclusion that XRP is going to be NWO currency.

>>19296288
>>19296190
SBI is a 6 billion dollar bank and former subsidiary of Softbank, you fucking mong.
>I did my own research
No you didn't, dipshit. You're lying through your fucking teeth. XRP is less centralized than BTC, I think Ripple owns like 10% of the validator nodes. This is an objective fact, and you look like an idiot to anyone who's informed. Keep going.
>You didn't refute what I said
Actually I did. You said big companies aren't using XRP, and I showed you multiple examples which proved you wrong. Do you think "NO THAT DOESN'T COUNT IT'S A BOOMER BUZZWORD CORP" Is an actual argument? That's fucking hilarious. Also interesting how you try to act like there's "controversy" within Ripple Labs, but you don't actually show any evidence of this.

Furthermore, if existing ACHs were just going to make their own system, why do they keep expanding partnerships with XRP? Why do legacy systems like SWIFT even exist in the first place? Why did the banks allow SWIFT to exist when they could just "make their own shit" like you're saying? Also funny how you think a company can just poof a complex system like this out of their asses with no problems. Do you even understand basic concepts like opportunity cost?

>>19277582
ODL hits ATH every week and is on track to do 4-6 billion dollars of volume this year, which is a massive increase from last year. More banks and financial institutions being onboarded every month. First blockchain firm to be made a member of the ISO 20022 standards board. Recently mentioned at the World Economic Forum and in the US Congress. There are plenty of real-world examples that show XRP is gaining traction, I should know, I post about them everytime I make an XRP Citadel thread. The problem is, people like you fucking ignore these facts and choose to attack schizoid conspiracy theorists because they're low hanging fruit.

>>19261047
Not that I'm aware of, but I also wouldn't be surprised if they did in fact meet at Davos or some shit.

>>19256792
>XRP pegged to 1$
Would not happen. That's not Ripple's intention for the product. If XRP was pegged to 1$, the MCAP would never exceed 100 billion, and it would actually shrink because of the built-in burn rate. XRP has two major goals right now. To become the standard for growing 1 trillion dollar global remittances market, and to become the premier bridge currency for the exchange of CBDCS. XRP literally cannot accomplish its goal at a 100 billion dollar marketcap. If XRP actually succeeds in these goals, and overtakes SWIFT in particular, I would not be surprised if this shit had a 5-10 trillion dollar marketcap in 10 years or so.

>>19209018
One thread a day, that's the goal.

>>19183728
>Think's RSR is TPTB's crypto
OH NO NO NO

>>19161338
>Also why would banks pick XRP if everything works fine as is for them right now?
But everything doesn't work fine for them right now. Cross border transactions made by both retail investors, and banks, take days to weeks to process in the current system. XRP on the other hand? XRP takes 4 seconds, with less fees. If you want to do some more research, look up Nostro/Vostro accounts and how much money banks have to basically park in these accounts (which means it can't be used elsewhere to actually make returns) to facilitate the current global financial system. Big banks have every reason to consider XRP, because as we speak, they are losing business to smaller financial firms, which have been more quick to adopt Ripple. I can't remember the exact name, but there's an Australian remittance company that's become one of the biggest providers of cross-border transactions in the country, because it adopted XRP. The founder recently did an interview saying how XRP was saving him money and making people more inclined to use his company instead of bigger firms.

As for why banks would use XRP for CBDC transactions, it's because XRP has existing infrastructure and its decentralized. Pic very related, from this years World Economic Forum.

>>19079356
>World Economic Forum
>BTC for ETH
I think you mean BTC for XRP