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/biz/ - Business & Finance

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Ripple/ Santander partnership Anonymous Mon Mar 19 10:30:00 2018 No.8437828 [Reply] [Original]

I've just read an article about the santander partnership with ripple, and fact they are rolling out a ripple integrated banking app.

This seems huge to me, one of europes biggest banks creating an app for customers to send payments internationally through ripple.

Is this actually a big deal or not?

>>	Anonymous Mon Mar 19 10:31:06 2018 No.8437839 >>8437828 In the long term yes, but a shitload of people here will tell you it isn't

>>	Anonymous Mon Mar 19 10:32:14 2018 No.8437858 explain how can you send fiat using ripple

>>	Anonymous Mon Mar 19 10:35:06 2018 No.8437891 >>8437858 EXPLAIN!!!

>>	Anonymous Mon Mar 19 10:36:09 2018 No.8437901 >>8437839 why long term? I have a friend who works at santander and they are training staff for the roll out pretty soon

>>	Anonymous Mon Mar 19 10:36:36 2018 No.8437909 >>8437828 fuck santander and fuck ripple

>>	Anonymous Mon Mar 19 10:37:41 2018 No.8437923 >doesn't link article Surely coinbase will add us this month

>>	Anonymous Mon Mar 19 10:38:20 2018 No.8437931 File: 36 KB, 1289x616, xrppumpndump.png [View same] [iqdb] [saucenao] [google] >>8437828 just a pump and dump I mean charts dont lie, but good to make a shitload of BTC as long as you buy as close to zero value

>>	Anonymous Mon Mar 19 10:39:19 2018 No.8437951 >>8437828 cripple the Ripple...its not made for us... https://arewedecentralizedyet.com/

>>	Anonymous Mon Mar 19 10:39:42 2018 No.8437960 >>8437923 https://www.coindesk.com/santander-uk-ripple-payment-app/

>>	Anonymous Mon Mar 19 10:41:01 2018 No.8437978 From what I've read they will not be using XRP for the transfers, they will be using a different token.

Anonymous Mon Mar 19 10:58:01 2018 No.8438225

>A Santander spokesperson said the company plans to launch the app in the next few months, and that it will use Ripple's xCurrent in the project.

>Ripple's xCurrent product does not use XRP, the company's native cryptocurrency

Why would they not use XRP?
What's the fucking point of owning this token if banks get there own?

Sorry for spamming guys, I'm just genuinely interested .

>>	Anonymous Mon Mar 19 10:58:20 2018 No.8438230 >>8437891 so you can't?

>>	Anonymous Mon Mar 19 10:58:39 2018 No.8438235 >>8437931 Please get cancer, it is what you deserve for misleading people.

>>	Anonymous Mon Mar 19 11:02:32 2018 No.8438282 >>8438225 so NEETs cant control a global banks money? why is anyone surprised that a bank that has billions or more wouldnt just create their own blockchain when couple nerds make them for a couple million

>>	Anonymous Mon Mar 19 11:15:05 2018 No.8438436 >>8438225 the token's purpose is so the ripplelabs can get funding for their business plan by dumping on people buying the tokens, a donation of sort, as soon as the company is done dumping ripple token they will close down the chain

>>	Anonymous Mon Mar 19 11:18:20 2018 No.8438473 >>8438436 It kind of feels that way, people funding them so they can sell an entirely different product to banks and fuck us in the ass.

>>	Anonymous Mon Mar 19 11:20:53 2018 No.8438505 >>8438436 >>8438473 t. erc20 token holders

>>	Anonymous Mon Mar 19 11:23:07 2018 No.8438533 >>8437858 fiat IOUs. You can issue IOUs for whatever you want. You can use Ripple for ICOs, where IOUs would act as tokens. https://xrpcharts.ripple.com/#/markets

Anonymous Mon Mar 19 11:24:13 2018 No.8438544

The amount of FUD XRP receives is beyond imagination, you ppl. are literary spreading FUD based on rumors you heard on some shitty discord channel or leddit. Before you get turned away from what could be the best investment in your life read something on the Ripple, xRapid, XRP. I'm not going to spoon feed anyone DYOR.

>>	Anonymous Mon Mar 19 11:24:15 2018 No.8438545 File: 73 KB, 1051x623, ripple iou.png [View same] [iqdb] [saucenao] [google] >>8438533

>>	Anonymous Mon Mar 19 11:26:45 2018 No.8438578 >>8438544 Thanks for your contribution to the thread, top level shit.

>>	Anonymous Mon Mar 19 11:27:05 2018 No.8438584 File: 319 KB, 1698x1645, grief.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Mon Mar 19 11:28:06 2018 No.8438603 >>8438578 but muh centralized coin level FUD, die retard

Anonymous Mon Mar 19 11:29:18 2018 No.8438620
File: 46 KB, 640x400, 1506964713469.png [View same] [iqdb] [saucenao] [google]

>>8438544
how is a chart a FUD,

XRP is doing that shit since ever....
and why THIS time it should be different then the last time....

Wait until its worth nothing compared to BTC . BUY it - Ride the wave a few 100% long and then exit that shit , because for more it isnt used.

>>8437931

>>	Anonymous Mon Mar 19 11:29:22 2018 No.8438623 I urge anyone wanting to invest in XRP to watch these video series. https://ripple.com/insights/introducing-the-ripple-and-xrp-video-series/

>>	Anonymous Mon Mar 19 11:30:40 2018 No.8438643 >>8438584 Well can you please explain why Xcurrent is beneficial to xrp holders. >>8438603 You're the retard. Look at my ID, I'm just asking questions about something I've only just learned about. How the fuck am I spreading FUD

>>	Anonymous Mon Mar 19 11:31:36 2018 No.8438651 >>8438620 any coin that is paired with BTC will do that, it will take time and enough Fiat / XRP pairs to decouple from BTC. Yeah, ride the pumps I didn't say anything was wrong with this.

Anonymous Mon Mar 19 11:31:46 2018 No.8438652
File: 244 KB, 1200x840, ripple cost 456.jpg [View same] [iqdb] [saucenao] [google]

>>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/

>>	Anonymous Mon Mar 19 11:33:23 2018 No.8438678 File: 71 KB, 1024x613, ripple cost 4.png [View same] [iqdb] [saucenao] [google] >>8438652

>>	Anonymous Mon Mar 19 11:36:33 2018 No.8438730 >>8438652 THANK YOU I think you're the only person in the thread who has actually posted useful infomation.

Anonymous Mon Mar 19 11:37:42 2018 No.8438751

>>8438643
If banks start to use xCurrent, it's just a step away from using xRapid.

xRapid means decommission of frozen assets in Nostro/Vostro accounts which banks maintain to have liquidity for cross border payments. There are trillions in nostro/vostro accounts locked, imagine that banks could use this for investment purposes. Current legacy system = takes days to send money cross border. xRapid (XRP) = 3 secs.

There is a great incentive for banks to jump on xRapid / XRP,
and it's being tested in Western Union, Moneygram, etc.

Anonymous Mon Mar 19 11:39:30 2018 No.8438770
File: 216 KB, 1500x500, to_the_moon.jpg [View same] [iqdb] [saucenao] [google]

XRP / xRapid Diagram
https://imgur.com/a/Wbf7N

XRP Compared to other Crypto
https://imgur.com/a/PvTef

Companies Using XRP:
https://docs.google.com/spreadsheets/d/1E1AcLBd_ykemoDAPwZsbl5f2wyrS7RhlAt94CrHXTAg/edit?pli=1#gid=0

David Schwartz comments on how higher XRP price would help Ripple
https://www.xrpchat.com/topic/9427-david-schwartz%E2%80%8F-comments-on-how-higher-xrp-price-would-help-ripple/

Facts:
XRP is blockchain technology.
XRP is not centralized, anyone can run validator server: https://xrpcharts.ripple.com/#/validators
XRP price is not fixed by anyone not even banks or Ripple Co.
XRP is a coin used to transport value over the Internet, specifically over the blockchain network, same as any other coin.
There is a limited amount of XRP amount premined around 100B.
In order for the banks to use XRP, fast payments with literary 0 costs they will need to purchase XRP for their reserves from Ripple Co at market price.

XRP diagram explained:
The orange box is a xRapid software that automates exchange of fiat to XRP a current exchange rate.
Whenever customer wants to send fiat, bank takes this fiat and exchanges it for XRP at current exchange rate,
XRP is sent over the blockchain to destination, at destination XRP amount is converted back to fiat.
All of this takes less than 3 seconds.

But muh jew coin:
Remember you are here to make money not for the moral that banks are evil, you are on /biz/ not /pol/.
If you think banks will go away anytime soon you are delusional retard.

But muh it's not moving:
XRP has gone up 30,000% last year, what do you mean is is not moving?!

But muh Ripple Co. can freeze your coins:
XRP CAN'T BE FROZEN BY ANYONE. Only IOUs/tokens can be frozen by the issuer. https://ripple.com/build/freeze/

This is the only coin that's changing the industry right now,
all others live on hype.

>>	Anonymous Mon Mar 19 11:52:38 2018 No.8438942 >>8438651 thats bullshit, just look at XMR or LTC, they hold there value compared to BTC up to there 2year highs

>>	Anonymous Mon Mar 19 11:59:52 2018 No.8439059 File: 994 KB, 1437x908, 1520715582685.png [View same] [iqdb] [saucenao] [google]

Anonymous Mon Mar 19 12:00:46 2018 No.8439071
File: 53 KB, 933x481, ripple xrp roi.png [View same] [iqdb] [saucenao] [google]

daily reminder: do the opposite of what /biz/ says. If I listened to /biz/ I would be less richer.

XRP makes a lot of tokens and coins obsolete, it has lots of haters, expect the signal/noise to be low.

>>	Anonymous Mon Mar 19 12:02:04 2018 No.8439096 what is a reasonable price for EOY?

Anonymous Mon Mar 19 12:07:11 2018 No.8439164
File: 183 KB, 349x517, ripple w3c.png [View same] [iqdb] [saucenao] [google]

>>8439096
if the bear market ends: $5-10. Interledger and Codius are coming this year. They are game changers.

It's literally the safest best, most coins will disappear in less than 5 years.

>presidential advisors
>crypto regulators
>prize-winning economists
>corporate leaders
>former heads of major banks
>ex-central bankers
>top-tier NSA coding wizards
>+100 bank clients
>bank of england
>saudi arabia monetary authority
>sits on a federal reserve task force
>sits on a US Fintech advisory board

Anonymous Mon Mar 19 12:14:01 2018 No.8439268

sad pajeet and brainlets still shilling for shitcoins and chainlink.

XRP - only blockchain thing that is actually used in real world and has utility.

Most brainlet here buy shit coin crypto hoping to to moon so that they can afford their sweet lambo.

biz had been calling it centralized shit coin since it was around 1cent.

>>	Anonymous Mon Mar 19 12:18:01 2018 No.8439323 >>8439164 *safest bet

>>	Anonymous Mon Mar 19 12:21:20 2018 No.8439371 File: 66 KB, 600x600, 1520330426237.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Mon Mar 19 12:40:27 2018 No.8439652 >>8438751 nice post

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