RippleNet is now providing on-demand liquidity to financial institutions for cross-border payments using the digital asset XRP. xRapid, the Ripple product powering these transactions, is commercially available and moving into production with multiple customers, including MercuryFX, Cuallix and Catalyst Corporate Federal Credit Union.
ripple.com
>Ripple
This shit is going to a $100 plus this year.
btc maximalists
> 2017 we need futures
> 2018 we need ETF
KYS
PAMP IT NOW DAMNIT
yeah bro ripple is going to have a 22 trillion market cap you fucking genius
arguing about MC in 2018, are you that brain damaged ?
he thinks marketcap matters
If one person buys 1 XRP for 100$ it will have a 22 trillion marketcap.
not gonna make it user sorry
Go ahead, explain why banks would switch over to cripple?
>muh cheap fees
>muh fast Tx times
>volatile currency
Volatility doesn’t matter when funds are locked in XRP for 2 seconds.
buy the rumor sell the news
~ zero cost transactions
TX time 3 secs
volatility doesn't matter in those 3 seconds
please educate yourself what xRapid is
you've been hearing FUD your whole life
If this is true then you could handle all financial transaction on the planet and ripple wouldn't even need to be worth $0.01 for that occur.
>Market cap matters for cryptos
>He thinks 22 Trillion dollars needs to enter
Whats next are you going to post the market cap formula you learned in Finance 101 for calculating companies market caps?
“The traditional international wire experience fails to meet today’s expectations from a price, speed and ease-of-use perspective. Blockchain technology, and specifically Ripple’s xRapid product, resolves all three of these challenges simultaneously. Catalyst Corporate, through our subsidiary companies’ technology platforms, will leverage the XRP digital asset to transfer money across borders instantly on behalf of our 1400+ member credit unions. We have signed a production contract and are currently building out our plan.” – Brad Ganey, senior vice president and COO, Catalyst Corporate Federal Credit Union.
Is this how you came to this conclusion?
is this big thing, or really just nothingburger?
and if this is big and bullish thing, tell me why it so
See
how high this news could pump XRP, and give realistic scenario, dont some $ 100 bullshit lies
589$ is the magic number
Who knows. This is the first crypto with real life absolute verifiable use. The normies could go apeshit on fomo.
Alright I'm selling my XRP, I want no part in this
I want to believe.
what the fuck is this
>"xRapid processes cross-border payments by XRP, with the sending party putting fiat into a cryptocurrency exchange, converting it to XRP, and converting that XRP to the receiving party's desired fiat currency."
>with the sending party putting fiat into a cryptocurrency exchange, converting it to XRP, and converting that XRP to the receiving party's desired fiat currency
Yep, dead on arrival.
>tfw went half on XRP & XLM
>forcing banks to use some chink exchange
Yep. this one is going in my cringe collection.
>$200,000,000 transfer value
>convert to XRP for transfer
>0.5 seconds elapse
>giant red BTC dildo
>0.6 seconds BTC drops 10% in value XRP @ -12% from initial
>1 second in second red dildo for BTC drops additional 5% value
>1.005 seconds in all alts drop 15% in value
>1.5 seconds into transfer XRP drips even more
>2.1 seconds transfer complete
>25 million USD lost due to XRP volatility
That will never happen.... drool drool
XRP price end of this month?
You could do 10 000 automated trasnfers (or even have to teller pressing a button) and it would still be faster than traditional payment system and where has BTC ever droped 15% in 3 seconds?
Nice digits, those trips are a good representation of your IQ. But no, that conclusion is based on the following analysis:
Assuming xRapid replaces ALL SWIFT transfers, the price calculated using the equation of exchange [1] is... $0.0023/XRP.
The way xRapid works is that the sender first sells the token (eg. USD from an American bank) he has for XRP, then he sells XRP for a different, target token (eg. EUR issued by one European bank).
The equation of exchange is:
totalSupplyOfXrp*xrpPrice = xrpTransactionVelocity*transactionVolumeInDollars
or
marketCapitalization = howManyTimesEachXrpIsTradedPerSecond*transactionVolumeInDollarsPerOneSecond
The logic is simple: if there are 10 tokens in total, and we know both that the daily transaction volume in tokens is 10 (= daily velocity of 1) and $10 in dollars, then the price of the token is $1. Anything else is mathematically impossible.
SWIFT is used to transfer $5T daily. That's a lot, but for xRapid's 4 second per transaction [3] that's only $231.48M.
When divided by the total supply of XRP (~100B XRP), the fair price is $0.0023/XRP. (That means all 100B xrp are traded each 4 seconds).
Let's be extremely charitable and assume 99B XRP is holded and only 1B XRP is traded by banks. Now the fair price is $0.23/XRP.
Again, that's assuming xRapid fully replaces SWIFT, an extremely unlikely scenario.
What the fair price means is price without speculative money, ie. where it settles at after the bubble ends.
[1] en.wikipedia.org
[2] fincen.gov
[3] ripple.com
Brainlet didnt think about FIAT-XRP ties and its SOON NON EXISTENT correlation between those
hey dumb fuck, this here shows banks wont use it.
user on chink board says that it MUST WORK THIS WAY LIKE HE THINKS.
Quick mafs is not your strength
you didn't even read the post did you user
amazing argument, I bet you were top of your xbox 360 debate team
he calculates the value of something
Cripple xrp is a fucking meme.
t. butthurt shill
Xrp is a security would the average dumbfucks say now.
Where are you braindedbumfuck?
it probably is a security.
The following NY-regulated exchanges wont touch it:
Coinbase, ItBit, and now Circle.
Their lawyers clearly dont want any part of it despite being able to make lots of money trading it.
If I was you I'd be ashamed to present these calculations in public dude, seriously.
I pity the stupid retards that fall for your idiocies.
Just while you think you sound smart in making something up in your mind it reads more like a confusion of your own thoughts
Aaaaand we found the braindeddumbfuck
Btw. you should make a spreadsheet for all the tokens/coin and then present it at the nearest block-chain convention.
EPIC
not an argument
you know there are IDs right, samefag cuck?
nice argument btw
no one wants to touch this security
Isnt coinbase now allowed to trade securities?
>see this on the chart
>always set a buy and sell order 5% up and 5% down
>happens again, 4% wick
>set a tighter buy and sell 1% above and below
congrats, now you have liquidity
thousands of market makers waiting for a xrapid transfer so they can make money
100B in new fresh fiat money will do the job, probably much less actually
XRP in CNBC news
Ripple's cryptocurrency product goes live for the first time with three financial firms
Ripple said xRapid, which uses cryptocurrency XRP to carry out international transactions, is now commercially available.
The development marks the first time XRP will be used in commercial application by financial services firms.
Chief Executive Brad Garlinghouse was set to announce the news at Ripple's annual Swell conference.
cnbc.com
do this meaning normie FOMO incoming?
CNBC is big MSM financial channel
yes, huge announcement and
muh not used FUD btfo
...this is potentially the biggest news yet in crypto and you want to sell now? THIS IS A D O P T I O N!
The absolute state of le XRP hodlers
This shitcoin is going nowhere because 99% of the buying volume comes from clueless normies like these
based and redpilled
>The quality of buyer matters
Oh the absolute state.
lmao keep your kike coin faggot
Yes it absolutely does, and if you don't know that or even worse don't understand why then you should seriously consider selling everything and letting others handle your money before you lose everything.
Also go back to rėddit
>seething his shit thread and kike coin got BTFO with one mathematical response
Yikes dude don't kill yourself, you might make $500 on your investment one day
>Been using Jow Forums since 2008
>Bought first BTC in 2012
>People literally still posts my memes and copypastas
Whatever you tell yourself at night.
cripple shills on suicide watch!
I'm not holding any xrp (all in Zilliqa btw) but they're right, Marketcap is a meme.
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.”
This is incredible
This is not Ripple hype, it's customer feedback and recommendation
Let the SWIFT replacement commence!
And eat shit, you bitter idiot
Fuck biz for making me doubt this coin seriously
>Nice digits, those trips are a good representation of your IQ.
Did you fall for the LINK meme? See how quiet they are now?
Nah I’m larping lmfao
Imagine being stupid enough to not have at least 20k XRP when it’s the only crypto banks will ever use
XRPtheStandard
why is her tongue so long??
and why do ppl think cripple is going anywhere?
it's ironic how when this truth bomb got dropped all the cripple shills scattered like rats on a sinking ship
Literally just announced that banks are using it you stupid stupid fuck
Nice FUD
>what is a monetary premium
You’ll fomo in at $10 gl
>want to buy more ripple but i used up my coinbase limit
the simple truth is that nobody cares if you miss out
which banks?
yeah, that's why it's down 85% from its ATH
bwahahahahahahahahahahaha
Ripple has better recovery than others alt coins tf are u talking
so i buy this shit this morning and nothing happens, unfuckingbelievable
you are a very unintelligent person
This.
All these announcements, "partnerships", "banks", "muh president clinton", and such a weak pump despite "already being used!". If you didn't (somehow) get in on this at $0.01, you are not going to make it
sell then
you're too stupid to understand
Not really. Monero, dogecoin, stellar, and even ethereum have better %from ATH than cripple