/biz/ - Business & Finance

are you retarded? this is a different product from the one mentioned here (which describes Ripple or a Ripple clone):
https://www.jpmorgan.com/country/US/en/cib/treasury-services/real-value-real-time-payments

>>7054357
No major banks will ever use XRP, deal with it.

>>7054419
2015 - Banks will never use Ripple. $XRP is dead. Sorry bag holders.

2016 - Bank announcements are just proof of concepts, they'll never go live. $XRP is dead.

2017 - Fine, 70+ banks are going live but they don't use $XRP. How come dumb bag holders don't get this?

2018 Jan - Fine, 5 institutions are using XRP, but not banks, XRP is dead!!

2018 Feb ...........?

>>7054518
and XRP will dominate P2P payments too. Pic related.

>>7054518
>adoption within the financial industry, and beyond
>JPMorgan

Vs.

Ripple, already BTFO by New York Times

Kek.

>>7054419
Quorum was announced a long time ago for smart contracts (it's based of Ethereum). They are announcing a new system. It might not be Ripple, but it's certainly not Quorum.

>>7054556
5 institutions are using it. the number is growing.

>>7054614
xRapid (which uses XRP) saves a lot of money, it's a just a matter of time that everyone transitions to it. Pic related.


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

>>7054631
>banks
>want to save people money

Kek

>>7054556

>jew york times

Lmao

>>7054910
pajeet, you are embarrassing yourself.

They want to save their own money. Banks pay fees for bigger banks.

>>7054958
>banks want to reduce their monopoly and allow in competition

The IQ of /biz/

you know it's now Quorum, so how about you get fucked you salty shitcoiner

>>7054518
xrp is a testnet, banks will never use xrp to do remittence, they will use their own coin, if you think that this isnt true you are delusional

FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD

>>7055045
The monopoly IS being broken. If you don't catch up with technology, you will end up like kodak.

go fuck yourself OP for spreading FAKE NEWS

>>7055045
Didn’t deny being a pajeet, busted.

[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).

so we have JPM coin now, bets on when we see BankOfAmericaCoin?
how much longer until people realize we don't need JPMCoin or BankOfAmericaCoin, or JewScamCoin?

>>7055152
YOU POST THIS TRASH IN EVERY POST

BTFO YOU FAGGOT

XRP is for cum guzzlers

Fuck XRP, fucking normie cancer coin

XRP isn't Ripple, XRP is a useless token. Ripple is a settlement solution for wiring money, the two are unrelated. Stop helping this lie go on.

>>7055321
another desperate pajeet. I guess you are a bcash bagholder.

>XRP isn't Ripple
great insight

.
>XRP is a useless token
-P2P payments
-Instant cross border SETTLEMENT without the use of nostro accounts.

and 5 institutions are using it.

>Ripple is a settlement solution for wiring money, the two are unrelated

They are. Pic related. Using XRP saves even more money than just using Ripple.

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


see what your FUD did? It helped more people learn about Ripple and XRP. Good job, moron.

>>7055437
>banks want to reduce the barrier to entry for the banking industry

>>7055765
Ripple reduces the barrier. Whoever adopts Ripple gets a competitive advantage in the market. Those who doesn't will get left behind, just like companies who didn't adopt computers or the internet.

>>7055855
*don't

>>7055855
>banks won’t have their own private blockchain

See >>7054164

>>7054419
>XRP will never be $1

>>7056048
>banks will have their own OS
>banks will build their own computers
>banks will build their own internet

pajeet, you have to go back.

>>7056105
>XRP will never be 1$

>Banks now making their own blockchains rather than relying on Hyperledger

I hope you faggots know what this means.

All those blockchains will have to be connected somehow.

>>7056306

>>7056306
shieeeet.... so who does it best?

>>7056380
That's not what it means. The banks won't be using Ripple.

They'll need an oracle, you dumb fuck.

How heavy are those >2$ bags?

>>7056306
I know right, you must be stupid not to own some ark at this point.

>>7056398
If you don't know by now, your future poverty is well deserved.

>>7055437
Fuck off grandpa. Banks aren't buying cripple.

i got rid of my bags already

press S to shit on grave