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/biz/ - Business & Finance

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11273077 No.11273077 [Reply] [Original]

which one is bigger again? dozens or 11,000?

https://www.cnbc.com/2018/10/01/ripple-xrp-cryptocurrency-product-xrapid-goes-live-for-first-time.html

>> No.11273088

>>11273077

If you invest in Ripple you are a shabbos goy traitor that will get the day of the rope like all others

>> No.11273087

>>11273077
Can't believe he is the richest guy in 2019.

>> No.11273099

I'm confused, what is that 11,000 figure for?

>> No.11273102
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11273102

>>11273088
tf are you gonna do?

>> No.11273109

>>11273088
>/pol/ will be able to afford ropes

>> No.11273118

>>11273088
>buy jewcoin
>profit
>invest profits in LINK or whatever the shit
all in the same timeline

>> No.11273136

>>11273118
nah man true believers are incapable of acting rationally.

>> No.11273147

>>11273077
>for the first time
holy shit they JUST released it? WTF I thought 100 banks were already using this?

>> No.11273162

>>11273147

They are. The media is covering up the success of crypto... and even Jewish-run crypto (that should give you pause if you’re antisemitic)

>> No.11273164

>>11273099
Banks using Swift

>> No.11273200

>>11273164
Wow pajeet if you really believe that I have a street in Calcutta to sell you. Never been driven on and only shat on twice.

>> No.11273213
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11273213

>>11273162
How do you know these things goy?

>> No.11273229

>>11273162
>>11273213
Please don't prove it yet if you guys really know.

>> No.11273240

>>11273200
>The majority of international interbank messages use the SWIFT network. As of 2015, SWIFT linked more than 11,000 financial institutions in more than 200 countries and territories, who were exchanging an average of over 15 million messages per day

You probably first heard of Swift from this board when neckbeards started shilling linkies, people with more than 90 IQ have known swift practically runs the banking industry.

>> No.11273256

>>11273077
>>all banks nots switching hours after made available

Current state of linkies

>> No.11273275

>>11273240
>why would we need internet when we already have 11000 fax machines?

>> No.11273316

https://twitter.com/jacintomendez2/status/1046882519189090304
>Great question for the central bank representatives. “Is swift popular because it’s great or because it’s backwards compatible with an abacus?”
Sick burns at Swell

>> No.11273323
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11273323

>>11273109
You seriously think they're poor.
Kek.
Enjoy the ride.

>> No.11273325

>>11273275
What? You're suggesting banks switch from Swift to Cripple, it's not something revolutionary, just an alternative, that might currently be cheaper, which is exactly why Swift is trying to step up their game.
Which one is more likely to succeed? The company that improves their solution and already has 10k+ customers, or a startup that is being tested by only a handful of customers?

>> No.11273334

>>11273077
350.000,000/11,000.

If you have more LINK than this number, you have more LINK than banks will have.

>> No.11273343
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11273343

>>11273325
>it's not something revolutionary
their customers say otherwise

>> No.11273355

>>11273325
correct. they have the money, will and motivation to adapt

>> No.11273373

>>11273325
120+ customers you mean? Signing 2 production contracts per week so far this year? Swift's network advantage is shrinking by the moment, and Ripple is already running laps around them from a tech perspective.

>> No.11273374

>>11273343
>Increase speeds
>Improved transparency
>Reduced cost
Geez, sounds like literally any financial blockchain product ever. If you seriously think SWIFT will sit on the sidelines stroking their dicks and lose customers to Ripple, you're fucking deluded.

>inb4 muh telecom companies and internet comparison
Most of the successful telecom companies are now huge internet service providers

>> No.11273385

>>11273373
Aren't most of them on trial? i.e. just testing the waters, not actually switching?
I'm pretty sure 2019 will be a big year for SWIFT and most of them won't end up switching.

>> No.11273398

>>11273385
It's not an either or. They can continue to use Swift until Ripplenet has grown in reach. Eventually it will be completely unnecessary to maintain their abacus compatible systems.

>> No.11273434

>>11273398
They won't have an incentive to switch once swift catches up in terms of speed and cost.

>> No.11273451

>>11273374
https://www.linkedin.com/pulse/swift-official-blockchain-dead-end-patrick-mcconnell/
>already tried and failed
https://twitter.com/ripple/status/973405454960287745?lang=en
banks bussiness is ofering financial services, not developing tech
banks have been losing value transfer market dominance consistently for more than a decade now

>> No.11273500

>>11273451
What's the source on that ripple tweet? Googling it only returns their own tweet and coin related sites that cite their tweet. Seems like bullshit.

>> No.11273526

and xrapid is aimed at remitance companies primarily, which are not connected to swift, the most innovative banks like sbi and santander join in an attempt to regain market dominance

>> No.11273755
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11273755

>>11273077
>>11273164

Swift : Blockbuster :: Ripple : Netflix

>> No.11273756

>>11273373
Hahahahahaha.

>2 contracts per week for Cripple.
>SWIFT has 11,000 banks already

It will take 105 years for Cripple to switch over all the banks SWIFT has. The absolute delusion of Cripple cucks. It's honestly incredible how dumb you people are.

>> No.11273777

>>11273756
>what is network effect
it's actually impressive that ripple managed to add two per week this early

>> No.11273814
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11273814

>>11273756

>> No.11273821
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11273821

>>11273756
https://youtu.be/8rlDTK6QI-w

>> No.11273826

>>11273088
come at me alt lite

>> No.11273828

>>11273756
what people don't get is Bank X can't just move to ripple and they are done. What happens if they move to ripple then want to send transactions to a non-ripple bank? You still need to be on the SWIFT network, or use a clearing house who is. where is my incentive to run both ripple and SWIFT teams, tech, and integrate all my systems with both SWIFT and ripple messaging?

>> No.11273833
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11273833

>>11273756
https://youtu.be/zSAJ0l4OBHM

>> No.11273840

>>11273814
>pretending SWIFT is VHS
you;re not going to make it anon. look into what SWIFT GPI is. it's not fax machines bud

>> No.11273851
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11273851

>>11273756
It must be a huge pain reading /biz/ on ticker tape.

>> No.11273857

>>11273828
If xcurrent and xrapid get widespread use, it's not going to come over night that's for sure. That doesn't mean that it's not going to come eventually though.

>> No.11273891

>>11273840
no, YOU look at what SWIFT GPI is...

spastic bastard

>> No.11273905

Alastair Constance, CEO of MercuryFX, says his company is jumping on board with xRapid because the product has evolved in two key ways: “There’s never been a dispute about speed or trust in an economic case,” he says. “But it’s become a lot more user-friendly, and also its geography has expanded. I’m getting the feeling that many others are primed to jump on the XRP ledger now. The bottom line is I can make a payment that takes me two days and costs me $50, or make it in a few seconds for 5 cents. It’s a no-brainer. I think this will quietly replace the SWIFT network.”

fuck off haters

feel tree to join the revolution when it's already made me rich

>> No.11273918
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11273918

>>11273891
Ripplecucks on suicide watch k3k

>> No.11273955
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11273955

>>11273918
Oh yeah, Swift has upgraded from smoke signals to pigeons. Ripple is truly done for.

>> No.11273958

>>11273918
painfully dumb

you are dismissed

>> No.11273963

>>11273905
Mercury FX
Address: Becket House, 36 Old Jewry, London EC2R 8DD, UK

>Old JEWry
hmmmmmmmm

>> No.11273964

>>11273821
I haven't had a chance to try the new emtachrome yet looks nice from what I've seen on insta. I still have over 100 120 Astia rolls to get through

>> No.11273989

>>11273963
i have no problem with rich jews getting richer if i get rich with them

>> No.11274072
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11274072

>>11273964
After XRP makes me a millionaire I want to take pictures of my harem of yacht thots with a fancy camera. Maybe a medium format film camera.

Is there a go-to yacht thot camera you recommend?

>> No.11274092

>>11274072
I have a simple question
Which exchange do you use to cash out?
I will use kraken

>> No.11274101

I knew a guy who worked in finance who was shilling me ripple in november/december and I always literally lol'd at that faggot. Haven't heard from him in months

>> No.11274111

>>11274101
Why would he hang out with a loser like you?

>> No.11274123

>>11274111
Because he's too ashamed to show his face when he dumped $50k into it back then.

>> No.11274135

>>11274123
More like he will make 29,450,000 lol

>> No.11274147

>>11274135
I don't care, I put in $10k evenly into btc and eth in 2016.

>> No.11274162

>>11274092
In the past I sold various coins for LTC and then sold that on coinbase and cashed out from there.

In the future I'd rather just sell XRP straight into USD though. So I suppose kraken would be the main one.

I want to get uphold set up too though. And any others that do fiat/XRP.

>> No.11274191

>>11274162
Nice man.
You ever done taxes before?
Like is filing a capital gain tax easy or are you gonna go to someone for help on that?

>> No.11274192
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11274192

>>11273955
Ripple has upgraded from pajeet shillers to Chinese gook shillers.

Upgrade, no matter how small. Good for you, but not enough.

>> No.11274208

>>11274191
>>11274162
There's crypto tax services online, and a lot of exchanges have your trade history ready for download on excel to make it easy

>> No.11274232

>>11274208
For fucks sake
I thought you just cash out
Fill out a form and pay the tax man
There is more steps????

>> No.11274246

>>11274232
I mean, I haven't done it yet, ima hodl a few more years but thats what I plan on doing because I don't want the IRS up my ass. But then again, it's gonna be a few years of unreported trades, but from what I understand that penalty isn't too bad

>> No.11274263

>>11274232
But ive seen anons do just what youve described without problems (supposedly), so idk, i have a while to think it

>> No.11274292

>>11274232
>>11274246
Poor mutts

>> No.11274316

>>11274292
Luckily I'm not a mutt, but a naturalized hohol. Oh wait, idk what's worse

>> No.11274344

>>11274263
Do you use this?

>>11274292
Leaf here

>> No.11274355
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11274355

>>11273077

There are dozens of them. Dozens!

>> No.11274359

>>11274344
Forgot link
https://cointracking.info/

>> No.11274361
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11274361

>>11273077

He kinda looks like a rat?

>> No.11274378
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11274378

>>11274191
I used Bitcoin.tax and TurboTax. I had to manually change some of the time entries on bitcoin.tax. The exchanges were on different time zones and I was selling on both of them minutes apart. That screwed everything up. Once that was fixed I exported the file into TurboTax. TurboTax was fucking up and I had to go through their help forum to get a patch. It finally worked though. Later I had H&R block look it over and they said my return was fine.

Remember you have to file quarterly if you sell over a certain amount during the year.

Also I only sold off around $15k or so. If you're dealing with huge amounts I recommend you see an experienced accountant.

>> No.11274412

>>11274359
yeah that's the one i had in mind. It's as easy as uploading your trade history from an exchange. It's pretty straight forward

>> No.11274437

>>11274344
>Leaf here

Keep in mind I'm American and know zero about Canadian taxes. Good luck, Anon.

>> No.11274469

>>11274378
>If you're dealing with huge amounts I recommend you see an experienced accountant.
Also listen to this man. While I do intend to use the online crypto tax service, im going to my accountant before i file to make sure everything is gucci

>> No.11274518

>>11273334
Yeah sergey is just gonna hold forever. When will you retards understand link's supply is 1 bil?