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Re: Ripple forum

Berichtdoor neku » 13 Sep 2018 17:19

The Centralized nature of XRP gets unveiled through Lawsuits with R3

Ripple together with R3 consortium brings cryptos to a different level

There has been a settlement that has been reached between Ripple Labs XRP II LLC and the R3 Blockchain consortium, this comes after a long legal battle between the two organizations. The discussion started over acquisition of 5 billion Ripple tokens(XRP) at a value of USD 0.0085 per token.

As this was not the current market value of the XRP’s at the time, there was a disagreement about the massive discount that was offered to R3. Which lead others to think that this is coming from the centralized nature of the company.

However, it was agreed upon that Ripple Labs XRP II would sell an amount of 5 billion XRP any time before the end of 2019. R3 is the leader of more than 200 blockchain and distributed ledger technology companies and firms, the organization is mostly interested in exploring the use cases of FinTech, commerce and e-commerce platforms.

Ripple stated that they entered in this agreement to sell 5 billion XRP’s for the price of USD 42.5 million which is quiet low as prices were not close to that level. Because of the massive price rally of cryptocurrencies back in 2017 the deal was no longer applicable. The amount of XRP’s was worth about USD 19 billion, which give them a price tag now of approximately USD 1.3 billion.

Further down the line with R3 deal with Ripple

This deal would not have gone well if taken under these circumstances, so one of the solutions to this was to cancel the deal that Ripple Labs /XRP II made. There are just under 40 billion XRP tokens in circulation, so injecting another 5 billion into circulation may bring a major price crash to the Ripple (XRP) cryptocurrency market. However, it is still unclear whether the lawsuit involved the cut-rates of XRP’s entering circulation.

This shows the centralized nature of the XRP cryptocurrency, which currently has a split of 40 billion XRP’s in circulation, while the rest (60 billion XRP’s) is still under the control of Ripple Labs and the Ripple foundation. Because of this, a strong balance is needed in order for investors to feel comfortable that there will not be a surprise dump of XRP’s tokens on to the market that will bring unwanted risks. Essentially Ripple with its XRP’s tokens is more of a semi-decentralized cryptocurrency which works great for Banks, Governments and other major industries facing disruption from this technology.

Ripple XRP is currently one of the top cryptos with a high market capitalization denominated in fiat currencies (USD 10.6 billion), the lack of mining in the currencies code means the currency has to have a different way of providing security and propagation. Which pushes it to act more as a Bank than a fully decentralized cryptocurrency and forego a lot of benefits and freedom of a decentralized modeled cryptocurrency.

https://cryptolinenews.com/2018/09/the- ... s-with-r3/
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Re: Ripple forum

Berichtdoor neku » 14 Sep 2018 14:10

National Commercial Bank of Saudi Arabia Joins RippleNet

For the last ten years the Kingdom of Saudi Arabia has been one of the largest sources of remittances in the world. According to the World Bank, 308 million dollars were sent into the KSA, and 37 billion dollars in remittances were sent from the country in 2016.

This massive market is primarily comprised of Kingdom of Saudi Arabia citizens and foreign workers who in 2018 numbered over 10 million. Additionally, both large corporates and small to medium enterprises (SMEs) are responsible for significant payment volume. SMEs in particular have been highlighted by the Kingdom of Saudi Arabia government as crucial for future economic growth. Today these groups are served primarily by domestic financial institutions.

Following Ripple’s recent pilot with the Saudi Arabian Monetary Authority, the National Commercial Bank (NCB) has joined RippleNet. NCB was the first bank established in the country; today, it’s one of the largest financial institutions in the Middle East with more than 5.4 million customers worldwide.

NCB will connect to other financial institutions around the world through RippleNet. Ripple’s blockchain technology also provides their customers with faster and more transparent international payment services. The bank will first connect to financial institutions in North America and Asia, starting in Singapore. Launching these two critical payments corridors out of the gate offers immediate value to NCB’s customers — services in regions that they have not had access to before.

Since its foundation in 1953, NCB has been a financial leader in the country and region, serving both people residing in the Kingdom of Saudi Arabia and across the world. Today they have 400 branches across the country and are the second largest bank in the Middle East by total assets. Their decision to join RippleNet is an innovative step forward in blockchain adoption in both the Kingdom of Saudi Arabia and across the Middle East.

As more banks in the Kingdom of Saudi Arabia and the Middle East connect to RippleNet, their customers — real people and families across the world — will ultimately benefit. For SMEs and corporations that depend on NCB, more efficient and transparent remittances will provide stability and help them grow their business faster.

NCB will be in production on RippleNet by the end of Q4 2018.

https://ripple.com/insights/national-co ... ripplenet/
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Re: Ripple forum

Berichtdoor neku » 14 Sep 2018 14:11

The SBI company will be releasing Ripple DLT- payment Based app

The application will be financial institutions and individuals

A Japanese company that is in the financial industry called SBI Holdings is on schedule to launch a payments system application, that will be available for iOS and Android devices connected to Ripple’s distributed ledger technology. The chief executive of Ripple SBI Asia which is a joint venture that is centered around SBI Holdings and the San Francisco-based Ripple company. They later revealed the applications that corresponded with the website by the name MoneyTap, which was held on Wednesday.

There was no official release date given as of yet for the application, however, the official plans seem to be leading to a release in autumn of this year for the operating systems. Furthermore, these two systems will be used for Japanese consumers of three in-house Banks.

According to a report by CoinDesk in March Ripple SBI Asia gave a revelation to the project that was supported by the Bank Consortium of Japan lead together with The Ripple foundation were technological support is offered.

The Ripple SBI Asia company mentioned that when the service starts to come out to consumers of Suruga Bank and Resona Bank, SBI Net Sumishin Bank and three members of the consortium. That the company will also expect to receive an additional 61 members for the Banking consortium after its launch.
The services offered by the technology

Consumers of the services application will be able to use it to conduct domestic transactions 24/7‘s through the use of a phone number or the scanning of a QR code. This will be able to interject and possibly eliminate the timing constraints imposed through the traditional Banking system.

The Ripple SBI operates like a banking firm, which means it is one of the only but not the first to have accomplished such feet, as the application of a consumer enabled Ripple distributed ledger or Blockchain technology system to individuals. This service will bring more investors into the space for new businesses and foster the speed of innovation.

The global giant Bank Santander reported back in April that they have launched a similar service platform that enables cross-border payments to foreign exchanges for banking customers in Spain, Brazil, Poland/ and the U.K.

https://cryptolinenews.com/2018/09/the- ... based-app/
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Re: Ripple forum

Berichtdoor neku » 14 Sep 2018 14:46

Ripple ecosysteem infographic

41721323_1922716274433488_4336402043800387584_n.jpg
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Re: Ripple forum

Berichtdoor neku » 14 Sep 2018 22:29

Japanese SBI Set to Launch Ripple-Based Mobile App

japanesemobile.max-800x800.png


Japanese Fintech heavyweight SBI Holdings plans to launch a Ripple-powered mobile payment application called MoneyTap. In a tweet shared with his followers, Takashi Okita, CEO of SBI Ripple Asia shared the web page of the new payment application, which promises to offer “easy bank transfer application” without fees.

The exact launch date for the mobile app is uncertain, but the site gave an estimated timeline for the release of both the iOS and Android versions for Autumn of 2018.

Earlier this year, SBI Ripple Asia, a joint venture between SBI and Ripple, announced plans to create a “groundbreaking smartphone application” based on Ripple’s blockchain technology which will allow bank customers to settle transactions instantly.

MoneyTap is expected to “provide on-demand payments” to Japanese customers through its consortium. The project is currently supported by the Japan Bank Consortium (JBC), a collection of 61 Japanese banks members brought together by SBI Holdings and SBI Ripple Asia. Some of these banks, namely, SBI Net Sumishin Bank, Suruga Bank and Resona Bank, will reportedly have priority to offer the service to its customers after launch, while the other banks will have access to the technology down the road.

The payment app hopes to increase the flexibility of domestic payments in Japan and eliminate the current time constraints imposed by traditional banking systems.

Once it goes live, the application will allow Japanese customers to conduct domestic transactions round the clock. In addition, the mobile app will eliminate “existing banking and ATM fees” that are currently applied to domestic transfers in Japan, making transfers faster and cheaper for consumers.

When the project was first announced, Okita stated his excitement, heralding that the mobile app and Ripple’s blockchain will “improve payments infrastructure in Japan.”

“Together with the trust, reliability, and reach of the bank consortium, we can remove friction from payments and create a faster, safer, and more efficient domestic payments experience for our customers,” he added.

Emi Yoshikawa, director of joint venture partnerships at Ripple, added to Okita’s excitement.

“We’re proud to provide this production-ready technology that not only improves the international payments experience, but also have applications for domestic payments infrastructure.”

https://cryptonews24x7.net/japanese-sbi ... obile-app/
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Re: Ripple forum

Berichtdoor neku » 14 Sep 2018 22:36

Rothschilds Invest in Ripple/Crypto?

Reportedly the Rothschilds, the wealthiest family in the world, have invested in Ripple XRP.

The Rothschilds, Soros & Crypto

Everyone has heard of the Rothschilds‘, these family bankers are reportedly worth trillions in assets, artworks you name et al. Mainly known for their banking and financial institutions, the globalist family seem to have their sights set on cryptocurrency as the next big thing.

In December it was quietly reported, the family had invested significant amounts into the cryptocurrency arena. Despite earlier criticism for all cryptocurrency, another elite investment tycoon George Soros is also investing. Head of Macro-investments, Adam Fisher at Soros’s invest fund ‘Soros Fund Management’, has reportedly gained approval internally to trade in XRP and other crypto’s.

Amongst other wealthy families and not to be outdone – the Rockefeller’s have also joined the crypto buzz. The Rockefeller’s have reportedly signed a partnership with Coinfund, a cryptocurrency investment initiative. Called Venrock – the investment arm of the family was a brainchild of the late David Rockefeller. They are a major player in the venture capital arena.

Coinfund and the Rockefeller’s

Coinlist – a token-based financial services platform has been launched by Coinfund. The company has other badges too, launching the messenger app Kik, an idea that netted them nearly $100 million last year.

David Pakman told Fortune Magazine –

“We wanted to partner with this team that has been making investments and actually helping to architect a number of different crypto economies and crypto token-based projects”

Coinfund April 2018 –

“We are excited to partner with Mr Pakman and Venrock for our work in decentralization and Blockchain technology”

The whole crypto arena hope that this interest from big names will reduce heat in the regarding regulation globally and locally.

Regulators and financial bodies have so far taken a very rigid approach to cryptocurrency, with good reason.

Crypto guru and advisor Charlie Hoskinson tweeted the news

Rothschild Crypto patents?!

After much research, our sources have discovered and shown us patents held by the family in connection to cryptocurrency.
rothschilds invest in ripple

Patent allegedly listed by one of the Rothschild ‘s last August

The patent is regarding a crypto-exchange much like perhaps Coinbase but with undisclosed variations on the same theme.

As you can see the actual patent is owned by investor and explorer, Dahlia Rothschild. As you can see from the image even a company logo has been created for this venture. All very official and real. Registered in August of this year this clearly shows the depth of interest the worlds richest family have in this matter. What does all this mean? Well, lets put it this way – all of these families never back an idea that fails…

Forbes Joins the Cryptosphere?

Financial magazine and major online presence Forbes has itself set up its very own cryptomarket analysis company
rothechilds invest in ripple
Forbe’s financial magazine registers its own crypto company trademark
New York Stock Exchange Joins the Rothschilds

Added to that, the New York Stock Exchange filed a trademark for its own crypto index back in 2015.

To Conclude ‘Rothchilds Invest in cryptourrency’

As we have shown above there are some serious players from the New York Stock Exchange to the global banking elites.

XRP and cryptocurrency are here to stay that much is clear. Some will; rise and some will fall and disappear off the face of the Earth.

https://xrpripplenews.com/2018/09/14/ro ... st-ripple/
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Re: Ripple forum

Berichtdoor neku » 19 Sep 2018 16:05

Ripple ready to launch xRapid Solution ‘In the Next Month

Ripple(XRP) could launch a commercial version of its payment platform xRapid “in this month or the next month,” The xRapid product of ripple is a real-time settlement platform designed to mostly to speed up the process of international Transaction speed. Built for most commercial use like for banks by XRP tokens, xRapid will able to solve the issue of expensive transaction fees and liquidity of money, cross-border payment transactions faster. It will very important and amazing features for a very huge capital liquidity.

What is Ripple (XRP)

Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network. Using a common ledger that is managed by a network of independently validating servers that constantly compare transaction records, Ripple doesn’t rely on the energy and computing intensive proof-of-work used by Bitcoin.

The Ripple protocol (token represented as XRP) enables the near-instant and direct transfer of money between two parties. Any type of currency can be exchanged, from fiat currency to gold to even airline miles. They claim to avoid the fees and wait times of traditional banking and even cryptocurrency transactions through exchanges.
How It is Different From Bitcoin?

Ripple not need miners to run. It is the validating servers and consensus mechanism that tends to lead people to just assume that Ripple is a blockchain-based technology. While it is consensus-oriented, Ripple is not a blockchain. It uses a HashTree to summarize the data into a single value that is compared across its validating servers to provide consensus.

Banks seem to like Ripple, and payment providers are coming on board more and more. It is built for enterprise and, while it can be used person to person, that really isn’t its primary focus. The main purpose of the Ripple platform is to move lots of money around the world as rapidly as possible.

https://androidguru.xyz/ripple-ready-to-launch-xrapid/
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Re: Ripple forum

Berichtdoor neku » 21 Sep 2018 17:15

XRP ging even met 90% omhoog over het Xrapid news en de samenwerking met nog meer banken, gestegen naar 2de qua marketcap met een totale waarde van 25 miljard USD :shock:
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Re: Ripple forum

Berichtdoor neku » 21 Sep 2018 18:22

The aim of education is the knowledge, not of facts, but of values!

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Re: Ripple forum

Berichtdoor neku » 21 Sep 2018 18:45

neku schreef:XRP ging even met 90% omhoog over het Xrapid news en de samenwerking met nog meer banken, gestegen naar 2de qua marketcap met een totale waarde van 25 miljard USD :shock:


En na winstnemingen terug naar 3de plaats
The aim of education is the knowledge, not of facts, but of values!