/biz/ - Business & Finance

>>7805960

You obviously haven't been around long or bought at ATH. Everyone knows (whether they're willing to swallow their pride and admit it or not) that XRP always stagnates for a while longer than everything else before exponentially rallying harder than everything else in the end.

>>7805960
Google Ripple Fines dude, the government is trying to give you a hint.

Ripple is vaporware, banks have been "testing" it for 5 years. CEO will be in prison by 2019

cap it

>>7806003
those are 3 years old

I expect 15k SATs by EOM.

Getting shat on pretty hard now tho, these several BTC sell walls just keep pilling up.

>>7806040
consider this a leak and watch the news

>>7806086
I see what you mean

>>7806003

Hasn't it been like a less than a week since Western Union confirmation?

https://www.financemagnates.com/cryptocurrency/news/rumors-true-western-union-experiments-ripples-xrapid/

>Western Union CEO Hikmet Ersek told Bloomberg that the Ripple experiments are part of a larger exploration of blockchain technologies: “We are looking especially in the processing settlement and working capital optimization, also in the regulation part, on the compliance part on the blockchain capabilities. And we do test, we do have some tests with Ripple.”

>Ripple released a statement on February 14: “We’ve been testing different products with Western Union for a while. We’re excited about our work towards a pilot implementation of xRapid, which uses XRP in payment flows.”

>On its official website, Ripple explains xRapid as a solution for “payment providers and other financial institutions who want to minimize liquidity costs while improving their customer experience.” xRapid trades XRP tokens against local currencies to cheaply and quickly provide liquidity in international transfers.

avoid all bank coins like Ripple and XLM

>>7805960
Why would you invest in fidget spinners? That fad ended a while ago.

>>7805960
>He fell for the fidget spinner.

ALL IN!!! HAHAHAAHAHHAHAHAHAHA!!!!

[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).

>>7806003
>fud from 2015
do you have anything better?

>>7805960
>>7806003
>>7806086
>>7806123
>>7806504
>>7806531
>>7806578

>t. Link-tards jealous that XRP is the master crypto to rule all other cryptos.

HAHAHAHAHAHHA!!!! NO OTHER COIN IS ON THIS LEVEL!!! HAHAHAHAHAHAHAH!!!!