/biz/ - Business & Finance

..

>>8442739
Anything else?

>>8438225
xCurrent doesn't use XRP
xRapid uses XRP and relies on public crypto exchanges.

xRapid is superior to xCurrent for two reasons:
1) real settlement
2) cheaper

every xCurrent customer is a potential xRapid customer. Why hasn't banks considered xRapid yet?
1) Regulations. It relies using public crypto exchanges.
2) Liquidity. The market is still not liquid enough for banks.


the network effect also increases regardless of what they are using. Ripple network has a built-in decentralized exchange with path finding algorithm. XRP will act as a bridge currency.


and banks that don't join the Ripple network will have higher fees and lose to their competitors.


https://ripple.com/insights/ripple-powered-mobile-app-provide-demand-domestic-payments-japan/

"The Japan Bank Consortium will release a groundbreaking smartphone application called “MoneyTap”— powered by Ripple’s blockchain technology — to allow customers of the bank consortium to settle transactions instantly, 24 hours a day, seven days a week.

https://ripple.com/insights/ripple-powered-mobile-app-provide-demand-domestic-payments-japan/

>>8349568
I've heard this too. I would wait a bit for a better price. It's not going to hit $1 again for a while anyways.

/biz/ hates XRP but honestly, it's like buying Apple stock in the 90's. The tech is the best, the team is professional and well-connected, their biggest competitor is SWIFT. It will be $100 one day in 5 years or so. When it reaches $100 I will sell some of my XRP but hodl on to some for possibly more gains.

>>8263610
*no one said

*agree on an order for new transactions
*monopolize
*spam prevention
*biggest fiat gateway

>>8237633
retard, banks aren't touching XRP now because of regulations. xRapid uses public crypto exchanges. They are waiting for the green light from regulators. This is not a personal opinion. At least one bank said it on public.

xRapid is superior to xCurrent (cheaper + provides settlement)

>>8237519
and by that he means abolish.

Ripple will disrupt, but in a good way.

>>8211710

>>8179153
xRapid is superior to xCurrent (cheaper + settlement).

Every xCurrent customer is a potential xRapid customer. Banks haven't considered xRapid yet because of regulations (xRapid uses public crypto exchanges to source liquidity)

>inb4 XRP is not used

Every customer is a potential xRapid customer. Every customer provides Ripple Labs increases its revenue which helps it expand improve the tech and expand XRP's market share. Every customers increases the network effect.


Hate it or like it, Ripple will be the internet of money, and XRP will be the bridge currency.

>>8127807
>>8127887

>>8033456
>Ripple has no wallet

no official wallet, for legal reasons

>You cannot cash out google “ripple gateways”

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

>Ripple is not used by banks for anything.

Banks are using xCurrent (doesn't use XRP). xRapid is superior product (uses XRP) and banks are likely to transition to it once regulations give them the green light (it involves using public crypto exchanges).


>Ripple is a piece of shit
lmao it's the only useful coin today(in addition to Monero) and it's more decentralized than Bitcoin


1/10
try harder, pajeet
>>8033531
>to rebuy cheaper now

I have bought some at $0.8. I do believe in the coin, but the state of the market is uncertain.

>>8018054
>>8018173
-at least 5 institutions 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.

daily reminder

try hrader, pajeet

>>7946895
wrong pic

>>7883045

>>7861837
>>7860370

>>7820554
>banks aren't using XRP

see OP:

-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.