/biz/ - Business & Finance

>>8006318
they are not partnered with swift you idio it was just a poc -_-

partner or DIE

>>8006358
people of color better get their fucking hands off my deutsche link.

>>8006318
they are working on smart contracts as well
where is Ripple shill

i dont buy into the xrp shitcoin, but isn't their whole idea to replace swift instead of trying to prop up a failing network?

>>8006318

>>8007444
Let them try.

>>8007562
This meme didn't age well

>>8007622
Product is already working and being used by banks dude, SWIFT and link years behind, the race is over, Ripple won.

>>8006318

Faggot, LINK and XRP share absolutely zero similarities. LINK is a token, XRP is a coin. Why the fuck do you faggots even say this?

>>8007656
The cuck cage still makes me laugh lol

>Microsoft is partnering with Nokia
>Apple and Google are on suicide watch

hahaha the absolute state of linkies

*the shitty partnership might not even be real

>>8006358
>People of color
What did he mean by this?

https://www.swift.com/sites/default/files/resources/swift_swiftatsibos_innovation_pioneering_inno_for_community_brochure.pdf

you're welcome retards

>>8008805
WTF ALL MY MOBIUS ARE GONE

>>8007622
Do linkies really believe that SWIFT has a future?

Rpple.info

>>8007707
https://www.youtube.com/watch?v=NhieGgf219Y

F

>>8008318
Probably the worst comparison you could have used. Congrats, you're a brainlet

>>8008848

100k

>>8007707
Ripple built middleware API smart contracts say what the fuck ?

>>8008947

>>8008848
Blooomberg
>BERG
shit source sorry

>>8008848
do we know which big banks actually back Ripple?

>>8008848
it was just revived because of Interledger

>>8009341
Isn't Interledger Ripple's own technology

>>8006596
What about east asians

I have the dubious honor of likely being the largest Korean link holder

https://www.swift.com/sites/default/files/resources/swift_info_paper_distributedledgerstandards.pdf

>>8008890
>+100 banks including bank of england and Saudi Arabia money authority
>struggling

weak FUD, pajeet

>>8009393
invented by Ripple, developed by a w3c workgroup and will be integrated with the web payments API
>

https://www.swift.com/news-events/press-releases/swift-and-csd-community-advance-blockchain-for-post-trade
>"There is clear value in re-using established business definitions and facilitating interoperability amongst DLT implementations, which this project will demonstrate."
Sorry ripplets, chadlink is eating your lunch.

>>8009454
so people will have to buy Ripple to make payments online?

[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)

Proof Swift is working with ChainLink

>>8009402
are you shilling link to your gook brethren, senpai?

>>8009740
Virgin Riplet
>be bank
>buy 100k XRP
>XRP drops 35% during financial crisis
>become institutional bagholder of monopoly money
>centralized virgin network that will never leave his mothers basement
>trust jewish ponzi to provide the right data
>normie friendly

Chadlink
>be bank
>store transactions and wallets on patented no poor people hyperledger
>uses chadlink to settle contracts without having to play with imaginary money
>open-source powerful decentralized network
>can request any data in the world and have 3 suppliers for it
>future industry standard

>>8007444
there is a 0% chance banks are going to buy a coin that is majority controlled by one guy and isnt even needed to use the network. zero.

>>8009853
please, my dick can only get so hard

>>8009853
>>8010094
that would be cool.

>>8008923
Look up Codius and Interledger.

you think WE and MG is bigger than swift?

>>8008846

>A bunch of literal who's using xrp

Stop the press

>>8009837
Ooo, a rare one

>>8008846
literally never saw any of those companies lol

>>8011615
>never seen western union or money gram
confirmed n.e.e.t

>>8011764
>only sees western union or money gram

>>8007562
Anon you know that ripple mooned hard during that alt bull run right?

>>8011937
The ripple moon will look like a warm fart in the breeze compared to the tornado coming.

>>8012346
Moar.

>>8012455
It's from the links posted above

>>8009933

Triple dubs of absolute truth

SmartContract demonstrated how
distributed ledgers could integrate
with existing bank systems using
a technology called Oracles.
Their project showed how market
participants could contribute
interest rate quotations to a smart
bond. The bond then uses these to
calculate a market rate and make
a coupon payment via ISO 20022
compliant SWIFT messages, with
a final update to track all payments
and their confirmations.

Why wouldn’t they be partners, it looks so obvious, they always use the swift example, they could use other examples or make an imaginary company for an example...

https://create.smartcontract.com/#/contracts/e34e6a5fba1dd33e3e26cb1ea9afa9b1?tab=activity

>>8009740
>Unlike Bitcoin, double-spending isn't possible. Bitmain (a Chinese company) can rollback Bitcoin's chain and bunkrupt the whole ecosystem.
(I am a serial lurker so for me to be posting is a big deal)
But...
ARE YOU ACTUALLY FUCKING KIDDING ME WHO BELIEVES THIS SHIT AHAHAHAHAHAHA.

>>8006318

>>8013335
He's exaggerating, but they have more control over Bitcoin than anyone else.

>>8013131
?

>>8013695
>Control
If they even fucking contemplated trying to fork the blockchain it would be absolutely catastrophic for everyone including them

>>8008805
wtf I love Sergei now

>>8006358
>partnered
This word is a meme in crypto.

>>8008805
Linkies btfo page 3, holy shit
> 'SWIFT is proud to announce our collaborative effort with Ripple XRP and 22 international banks to test smart contracts for interbank communications.

just looking what those gets were also obligatory link 1000$ eoy
>>7999999
>>8000000

>>8014793
kek

>>8013131
Wait so lending robot is definitely using chainlink already

>>8009454
>South Africa

He'll be dead within 5 years

>>8014793

>>8008805
>https://www.swift.com/sites/default/files/resources/swift_swiftatsibos_innovation_pioneering_inno_for_community_brochure.pdf

octobre 2017

"At SWIFT we have long been analysing and testing
the potential application of blockchain technology
in the financial industry. We conducted an in-depth
assessment of DLTs which determined that DLTs were
not yet mature enough to fulfil the requirements of the
financial community. While this conclusion still holds
true today, we have seen a number of advancements
in the past year in the critical requirements that need to
be addressed for the technology to achieve industry-
wide adoption."

Soon.

>>8008872
His comparison is a great one, if you just substitute swift/link for google and XRP for m$

>>8013695
If they actually own ~half of the "unknown" piece of the pie (quite possible) then they do own half the network... Not so much of an exaggeration actually.

>>8006318
Won't chainlink help with ripple adoption? It's just another off-chain resource to be used. Just like swift.

>>8014977
>77

whew lad

Should I all in 50/50 XRP/Link?

>>8006318
enjoy your 30+ min. TX times retards.

>>8013695
>>8017179
not exaggerating, Bitmain owns several pools, even some of their twitter accounts are run by the same person.

>>8013335
it's actually more decentralized than bitcoin

.Bitcoin
-One company has more than 50% of the hashpower (Bitmain)
-One oppressive country has more than 50% of hashpower (China)
-One company has a monopoly on creating efficient ASIC Bitcoin miners thanks to patents (Bitmain)
-One company can rollback the chain and bankrupt the entire ecosystem (Bitmain)


Ripple
-10s of validators run by reputable non-related public and private entities in different countries (e.g., Microsoft, MIT, CGI, WorldLink, Telindus-Proximus Group, Bahnhof, ...)
-double spending not possible (the chain can't be rolled back)
-Consesus requires a supermajority of 80%
-Anyone can run a validator and use his own list of validators


.
.
pic related is the owner of bitcoin.org and bitcointalk.org

>>8018469
Luke: prominent Core dev

>>8018469
>>8018480
again, the owner of bitcoin.org and bitcointalk.org

The truth is, ASIC killed Satoshi Vision. He wanted 1 cpu = 1 vote.

#XRPthestandard


Are pajeets seriously still paid to shill link? Pathetic.

>>8018503
even if PoW changes, new ASICs will be manufactured, richest can control most of the hashpower by making ASICs, or purchasing pools, and you won't know, it can all happen behind the scene, but right now, it's obvious, we know bitmain alone is in control

>>8006318
I hold both xrp and cl
i like them both but for different reasons
xrp has a lot of adoption and has been around for a long time, adoption or at least potential for adoption is a big factor when deciding which coins or tokens to consider
im holding cl for other obvious reasons laid out in detail in other posts

>>8009853

>>8009842
nice, saved

>>8008846
>WeMakePrice
I'm shaking in my boots.

>>8008846
Non Profit Organization

>>8006318

>>8008846
which ones of these are actually using the token?

>>8008445
No, please stop calling them 'people'

>>8018812
are you braindead or do you just not know how to decipher a table?

What happens if SWIFT partnership with LINK is confirmed and announced? It seems like even with all these positive rumours LINK denies going up, I mean even during the huge bullrun in December it only did like a 6-7x if you got in really early.

yup what does that look like dude the smart contract is there!!!

>>8018812
Browsing this board is getting to be absolutely fucking painful.

fark USA lol

>>8018856
upboated :D

>>8018997
Priced in. It'll dump hard when the partnership comes through.

What is xcurrent?

>>8013335
>for me to be posting is a big deal

>>8018776

>(((Non Profit Organization)))

>>8006318

BREAKING NEWS: XRP Live for Cross-border Payments Confirmed while Cornell University Publish Ripple (XRP) Proof

https://www.oracletimes.com/breaking-news-xrp-live-for-cross-border-payments-confirmed-while-cornell-university-publish-ripple-xrp-proof/

>>8008846
>>8008848
>>8008890
>>8008947
>>8008975
>>8009341
>>8009689
>>8009740
>>8012346
>>8012895
>>8013695
>>8018469
>>8018503
>>8018535
>>8018606

>>8017668
>Not being all-in XRP.

OP thinks link has a future and he wasnt scammed by sergay

>>8021053
shows you the problem with crypto/blockchain
swift isnt worth 3093203 billion, blockchain wont ever be also, its just a new utility.
crypto will have to fall to near equal regular currency for it to be effective (and these stupid limited cryptos can fuck off already)

>>8007707

>>8009933
sure, but there's the exact same chance that these banks will buy any link tokens, with 65% in control of the devs, and 30% available for them to dump.

the banks will be using a network that favors them, not bagholders.

>>8022154
>crypto will have to fall to near equal regular currency for it to be effective

The market cap of the US Dollar is about $15 Trillion. The total supply of all central bank paper and electronic currencies is more than $90 Trillion.