/biz/ - Business & Finance

Load your bags. It's already won.

sure. WU is trash and outdated they will fall with ripple

We gonna make it. Cant wait till all the haters FOMO in.

I will never buy that kike coin

>>7654220
dont cry when your shitty coin only did a 3x and we xrp bro's are showing off with lambo pics. Byeeeee

all of you- just keep bithumb open and see if they pump it. If it starts there, then you know its confirmed. Right now XRP 24hr volume on bithumb is around $320 million, during pumps it is always north of $1 billion. If we hit over $500 billion within the next hour, then its confirmed pump is on

>>7653119
This is hilarious

You think anyone is going to need WU when all the blockchains solutions to banking the unbanked take off? Hint: No.

Dead ass coin.

>>7654270
*$500 million

>>7654120
>wu trash
>outdaed

9 billion market cap.. yeah deffo about to fall...

HI PAJEET SINGH, HOW WAS YOUR STREET DUMP TODAY?

>>7654288
>Banking the unbanked

As cringe as that term has become, you're right

>>7653119
Only nigger drug dealers and old people use Western Union these days. And most of them have switched to using Monero and BTC so it's basically just old people now.

[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).

>>7654338
>current MC implies the long-term viability of their payment system
Sure.

>Implying they won't update their payment system
A little ignorant on my side, still, their service is BS imho famalam

>>7653119
all of those shorts rekt, billions of $ short just fucking destroyed

>Figure out this shit is going to pump 2 days ago
>Buy in
>As soon as I buy in, whales start price suppression
>Retarded normies who fomo in after reading posts on Twitter and /biz/ get same entry point as me

Every fucking time.

>>7654251

>current XRP marketcap

He thinks XRP is gonna have a marketcap in the quadrillions. Oh my god. Cringe.

How far will this shit go before the routine dump?

>>7654569
Same here. Holding for 3 days now. Price was held down until now. 2 dollars this time tomorrow. If not 3.

the final red pill is supporting Israel

With jews you lose

>>7655150
Seem to be winning at the moment bro!

>>7655150
Complete opposite in reality...


You just wish you did :(

IT'S EATING THROUGH SELL WALLS!

jews just want normie money goy, if you are on /biz/ you are already a jew, you just haven't realized. Stop lying to yourself about "taking down the banks" and get with us

>>7654614
>he fell for the market cap meme

so how good is this news?should i buy right now?

>>7655547
YES this shit is going to pluto

50 USD summer 2018

>buying a coin that will get eaten alive by Stellar this year
?

>>7655613

Hello this is Voyager 1. Just saw Ripple passing by. Over

the biggest news ever +7%..so this is the power of ripple

>>7655844

wtf you talking about boy. stellar is a scam, it doesnt take 2 seconds to check that. ripple is the future of currency exchange and it is very likely to be the new gold standard. i bought in when it was still below $0.01

>>7653119
let them fall for it again and again and again not giving a shit

Fuck. I sold earlier thinking bitcoin was going to drop. How much will it pump to guys?

>>7656011

I enjoy falling for it. Sold @ 14k sats bought back in @ 9250 gonna resell @ 14k. Man those jews are sure hurting me.

>>7656029
60 usd EOD

>>7653119
Daily reminder that eventually Ripple will be sued for securities fraud and the courts will force Ripple to disclose any names and IP addresses of XRP holders.

Hold it at your own risk.

>>7656029
20% it seems

>>7653119
that's irrelevant
any sane company would employ their own instance of the TECHNOLOGY, not the pleb public blockchain
and even if they did, don't you think they'd charge a (((large premium))) by providing crypto-fiat gateway service
I love cashing in on hype pumps but be realistic, anon

>>7656103

that document says as much as toilet paper. especially when it is a US lawsuit. it means nothing and you'd have to be very daft to think that wallets could even be linked to IP adresses if they tried.

>>7656103
OK.

LOL dumping!!!!!!!!

>>7656171
Any centralized shitcoin has the ability to be shut down by the courts.

If Ripple received such an order and didn’t comply they would be held in contempt of court.

Reminder of what the leaked JM Morgan report said about Ripple...

JPM QUOTE: "We look at a growing list of new Blockchain based systems including Ripple, which aims to facilitate cross border payments between Global banks in seconds compared to days for traditional systems, at lower cost.

In this section, we discuss areas within Banking that could see significant change as a result of initiatives around Blockchain applications and look at the case of Ripple, which has the potential to disrupt cross border payments processing across the industry globally.

Blockchain technology can allow for an almost real-time transfer of funds through a decentralized network, thereby removing the need to go through any intermediary at all. Ripple is one example of such an enabler. The settlement times for Blockchain based systems can be as quick as 4 seconds compared to traditional banking systems of 3 to 5 days.

Below, we discuss a prominent fin-tech company, Ripple, that is at the forefront of the cross border payments industry using its own digital currency asset."

Put your hatred of jews to one side anons, and take this opportunity to make money. Remember, we are reading this JP Morgan stuff before the normies and Wall Street have time to digest it. That means we can get in now while XRP is cheap, before everyone else FOMOs in.

More from JP Morgan on Ripple.

JPM QUOTE: "Case Study: Ripple – efficient, cross border payments

Ripple aims to use Blockchain to conduct cross-border transactions between Global banks by stitching together bank ledgers through its proprietary tool.

At present, we note that the speed, cost and liquidity characteristics of Ripple have made it the most appealing digital asset for financial institutions for application at scale. Ripple has already received acceptance within the financial community and has also partnered with the Bank of England in the FinTech Accelerator program to demonstrate real-time settlements using the Ripple Interledger Protocol.

We believe Ripple’s creation has the potential to create competitive disruption for an existing service (Cross border payments between banks via SWIFT)

Various money transfer firms, such as Western Union and Moneygram, also announced partnerships with Ripple this year, which we believe could have implications in the money transfer industry. Our early thoughts indicate the firms are going to use the underlying technology (or Blockchain) as a settlement engine (with or without converting funds into cryptocurrencies), which could result in cheaper, faster payments to remote corridors that could be too costly right now."

>>7656006
why