/biz/ - Business & Finance

>>9516889
what a retarded shill. what bags are you holding? LINK or bcash?

only tokens can be frozen by the issuers. XRP can't be frozen by anyone.
https://ripple.com/build/freeze


http://fudbingo.com


>they have complete control on consensus

false too

>they can decide to not mine any transactions to and from any address they want.


false too, and there's no mining in Ripple, retard.


>and yet the banks want nothing to do with it, because they would be throwing away all of their profits and letting ripple, a private company, have full control over their entire money transmitter business.

1) ripple doesn't own the network
2) banks pay big fees to bigger banks.
3) banks would save a lot by using xCurrent and save even more by using xRapid (uses XRP)
4) banks can't use xRapid now because of regulations and low liquidity

>>8438652

>>8237823
higher price = higher volume = lower volatility = higher liquidity = more revenue for Ripple Labs

XRP is the only native digital asset on Ripple. It will rise in value. Just the fact that it won't disappear like most coins in few years makes it valuable.

>>8211710
.

>>8180121

>>8127901

>>8019246
xRapid is superior to xCurrent. Every xCurrent customer is a potential xRapid customer. xCurrent is just to lure them in.

The reason they aren't using it now is regulations. xRapid involves using public crypto exchanges. That's currently a regulations nightmare.

>>8009939

>>8007938

>>7650507

>>7650363
* the inevitable next step

https://ripple.com/insights/ripple-and-xrp-can-cut-banks-global-settlement-costs-up-to-60-percent/

>>7647798

>>7641955

>>7567411
you dumb fuck, Ripple Labs has two products
xCurrent (doesn't use XRP) and xRapid (uses XRP). xRapid is superior because it saves more costs and provides settlement.

xCurrent is just a way to get them through the door. The goal is to get them to use xRapid, eventually. xRapid involves using public exchanges so this will take time because of regulations.

>>7522926
>they are supposed to release the supply that they hold on to the market to keep the price stable. this is part of the design

no, this is only what you retarded brain is telling you.


>there will not be a price fluctuation

retarded and very ignorant

higher price = more volume = lower volatility

and volatility doesn't matter much because banks hold XRP for just few seconds.

[Performance]
-Ripple consistently handles 1,500 transactions per second, 24x7.
-Payment channels can process 10s of 1000s of transactions per second.

.
[Cost]
-A standard transaction costs just 0.00001 XRP.
-The cost is not paid to any party: it's irrevocably destroyed.

.
[Real-world use]
-5 institusions are currently using XRP (MoneyGram, Cuallix, FlashFX, IDT and MercuryFX).
-Many banks are currently using xCurrent. Since xRapid is cheaper (saves up to 60%) and provides final settlement, they are likely to transition to it.
-Bichip will use XRP in its RFID chips.
-A w3c standard that Ripple helped develop (and was demo'd by Microsoft) will be available in all major browsers, it'll facilitate paying with XRP.

.
[Economics]
-The supply is fixed.
-Unlike Bitcoin, there's no inflation. Bitcoin uses PoW which relies on inflation and/or high fees. Bitcoin requires $18M of net new $ flowing in just to maintain the price!!

.
[Security]
-Unlike Bitcoin, double-spending isn't possible. Bitmain (a Chinese company) can rollback Bitcoin's chain and bunkrupt the whole ecosystem.
-An attack could only stop new transactions temporarily. Participants would simply remove bad participants from their list

.
[Decentralisation]
-Each participant can run a validator and use his own list of validators.
-validators role is to agree on an order for new transactions
-10s of reputable public & private entities around the world are currently running validators (e.g., Microsoft, MIT, CGI, WorldLink, Bahnhof,..)
-Consensus for the order of new transactions requires a supermajority of 80%

.
[Incentives]
-XRP is a revenue source for Ripple Labs. This aligns its incentives with XRP hodlers. It uses the revenue to improve the tech and expand XRP's marketshare.
-Ripple Labs share is locked in 55 batches on the network. Only one batch can be unlocked per month. It would take them 5 years to unlock them all. XRP is sold only to long term investors (i.e., they can't dump)

>>7279199
by the way, it has been more than two months, where's the fix?
>>7279217
it's used now by several institutions

>>7278340
>5 institusions are currently using XRP (MoneyGram, Cuallix, FlashFX, IDT and MercuryFX).

>Many banks are currently using xCurrent. Since xRapid is cheaper (saves up to 60%) and provides final settlement, they are likely to transition to it.

>Bichip will use XRP in its RFID chips.
There's a product called xRapid that uses XRP. Look it up. It will be used for P2P payments too by millions. Look up Interledger : >>7278443

>>7244583
xRapid is the goal, idiot. xCurrent is a just way to get them through the door.

Banks and institutions are hesitant to use xRapid because of regulation (it involves buying and selling XRP in public exchanges). This is not a personal opinion, this was voiced by a big bank in some conference a while ago.

>>7132681
Look all cool tech made by Ripple, it's even better with XRP.

>>7102915
pajeet, you ask the same question in every thread. I'm happy to use this opportunity to advertise XRP.

>Can anyone justify the coin itself?
-instant cross border SETTLEMENT without the use of nostro accounts


>there's no reason for anyone to use this coin when they could hire Ripple to set up copies of the same system that are not tied to the insane volatility of the crypto market.

you need a coin for SETTLEMENT. A newer coin would be more volatile.

the volatility of XRP is not a big deal because you need to hold XRP for just few seconds, and the transfer doesn't need to happen all at once. Forex markets are also volatile.

>>7065610
wrong pic