"xrp will be adopted into the real world"

Here, I'll hold your hand and gently spoon feed you, one article and document at a time.

bankofengland.co.uk/news/2020/july/boe-appoints-accenture-as-the-technology-delivery-partner-for-the-rtgs-service-renewal-programme

accenture.com/_acnmedia/PDF-23/Accenture-Banking-Real-time-Cross-Border-Payments.pdf

read this article and this document, then state your gripes.

>thinks every board has the same traffic as Zig Forums or Zig Forums
>talks to self
Explain why you cant look up things foryourself?

no im here to prove something, which is NONE of you even know what the fuck youre even talking about.... you didnt even fully read or understand these screenshots, which is why i asked you to explain without them, which you couldnt....

N.G.M.I

>Fed document
>schizo screenshot
Kek this is why you’re ngmi
>pic related, soon to be adopters held back by regulatory clarity

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ummm sweaty, they just partnered with this consultancy in curacao, things are moving pretty fast.

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just keep proving my point haha, unreal...

did you read the article? did you look at the document?

read this, idiot >

You’re fucking retard kek you refuse to even be spoon fed. This is why you will die of malnutrition

XRP has two properties that make it the most pleasant cryptocurrency to actually use as currency
1. Speed - making payments through bitgo or sending to another wallet is as fast as sending a text message.
2. Low volatility - there are heavy buy/sell walls due to ODL action

There is no special utility to XRP compared to a coin like LINK. It is simply a rapid payment system, like a faster Bitcoin whose network doesn't operate through mining but instead through unpaid nodes determining consensus. However, that simplicity is what makes it valuable. The more money that is being abstracted on the XRP ledger, the more value on the network, and therefore the token becomes more valuable.

Ripple as a corporation is built on XRP. The company is very clear that its goal is to make XRP the world reserve currency. There's a reason it's slowed down programmatic sales and been buying XRP off of the market. They are committed to building an global ecosystem that runs on XRP, and have developed ILP to enable interoperability with the Ethereum blockchain, which enables it to capture the value of various supply chains that will be running on Ethereum.

1/2

read this, retard >

2/2
The technology is great, but of course the vast majority of capital is still running through legacy systems. Therefore, it is important that Ripple works to build institutional involvement, but of course there would need to be a profit incentive for institutions to decide to join Ripplenet. The major benefit of Ripplenet is that there is no need to have prefunded nostro/vostro accounts for cross-border transfer - the XRP ledger and ODL can handle many USD corridors. Eliminating nostro/vostro accounts would free up $27 trillion in capital - institutions would love to redirect that frozen capital.

And there is evidence that they have these institutional connections in place, such as with Bank of America, Santander Bank, Bank of Brazil, Bank of Canada, to name just a few. Of course, these institutions would not adopt a new technology were it not fully regulated. We are seeing these regulations coming into place in this moment, now that banks can offer legal custody of cryptocurrencies. The pieces are falling into place.

By the way, XRP is already adopted in the real world. MoneyGram was failing before they adopted ODL for their remittance corridors. After about 6 months on ODL, Western Union decided it might want to buy MoneyGram out.

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Look, if you want me to spoon feed you, you need to at least open your mouth to receive.

You need to be able to communicate for me to share information. I need you to first read the article and document, then respond back with what you think is wrong/right with it, and I can further communicate with you.

Okay fine. There's a big opportunity for blockchain in the fintech world. It's called remittances. Remmitances are basically when an entity, like a company or rich person sends money across a border. Remittances suck now and are expensive because they use an outdated transfer system built in the 60's. It takes upwards of a week to actually transfer money and settle on the other side. Currently and American company called Swift handles most of the remittances in in the world for USD. Approximately 4 trillion USD are changed hands through Swift daily. But swift sucks. It is slow and expensive. Ripple has spent the last 6 years building a network with the banks around the globe to replace swift. They built XRP, the ILP and ODL to basically use XRP as the settling mechanism for global remittances. Theyre better than swift because the transaction is almost insant (instead of days) and they can also settle the transaction. They basically killed the middle men. If they captured Amy percentage of Swift's transaction volume the price of XRP would scale in order to provide the needed liquidty. For example, of you tried to move a billion dollars through XRP you'd exhaust the order book and skyrocket the price on one end of the transaction and then dump the price on the other. That is called sucky liquidity. But at a high enough price there is enough liquidity to do 4 trillion in remittances daily. Some math and forecasting have some believing that the XRP price would be in the 3 or 4 digits in order to provide that liquidity. Some reasons why peeps believe Ripple can pull this off is because they have partnered with the big bad wolves of the world. IMF, SBI, BOA, and hundreds of other banks and FI's. They are the bankers coin after all, and have a network established with the existing system that no other crypto has even begun to search the surface of.

Guys op is actually a braindead retard wanting us to spoon feed him, you can just tell by his responses. Calling fed documents schitzo kinda makes you a retard lmao.

What's gotten the community moving recently is that two weeks ago Brian Banks, the OCC comp controller (boss dude of the US fed banking regulating arm) issued a formal statement that banks can legally custody crypto. That's big for crypto because maybe they'll buy BTC??? But it's actually huge for ripple because it means their hundreds of banking partners now have the greenlight to deploy XRP and love forward with whatever the hell plan they have with ripple.

so basically ur telling me they are gonna be using bitcoin???

You bring a horse to water but you can't make him drink.
I have a question for you though what is your price prediction for XRP?

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America won’t use btc I bet you trump thinks it’s a pure chink coin and he will ban it.

as soon as one country adopts a cryptocurrency as their native currency, the IMF is required to offer/hold it

>XLM pursuing 3rd world countries EMEA
>XRP connects to big bank legacy tech
> XRP is ISO 20022 certified, SWIFT is delayed

Ripple have connections with the global financial power that no other cryptocurrency has. They attend world economic forum meetings, IMF gatherings, engage with central banks and get facetime with powerful politicians.

The world is moving away from using the $ as a reserve currency, central banks intended to introduce Blockchain digital currencies (CBDCs).

These CBDCs need a trusted medium of exchange for interbank transfers and nostro-vostro operations and remittances.
XRP will be this medium as SWIFT is old tech and not as capable as XRP.
Further along other asset classes such as derivatives will move away from the $ and ripple will be used to monetise and move these.

XRP is not intended to be a currency, there will be a digital $, ¥, €, £, etc.

I have no long term price prediction, I can only say I bought some at €0.18 and I think I will make a good return in due course.

1 XRP = 1 XRP, duh

you probably think diamonds are worth something - but they don't have any value to me

so basically what I am hearing is that BitcoinSV is the future???

Again why use BTC if its slow as fuck and takes up so much power to start with? Why not use something like XRP which is quick and takes up a fraction of the power that BTC uses

Its like comparing a Semi truck to a Sports car

BUY LINKIES

> Faggot replying to himself in own thread

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wait wait wait i got it

basically ur telling me that litecoin is the future? its like the silver of bitcoin

Probably not. Like why does every body use windows instead of linux. With ripple you've got hundreds of employees and billions of dollars moving to push adoption, with BTC you're just hoping people pick it up and like...integrate it? You can't discount how ripple is a company that profits by providing software for banks. They are like sales man with a product and integrating themselves into the financial system. There are no BTC maxis doing that. They just talk on YouTube and assume they will be adopted and fixed for use.

Buddy stop trolling your id stays the same you try to shill xrp here.

all truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as self-evident.

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This entire thread seems a bit whack
Probably best to just by some XRP and not worry about this thread

its a premined, centralised, bankers shitcoin get you head checked.

You’re a nigger
Can’t even spell centralized.
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