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wow , if XRP is picked…could XRP become a trillion$$$ coin?
20 March 2017,
Now it’s gotten complicated. New options are surfacing that, like Ripple, use the hot technology called blockchain to send and record transactions across borders. For banks, the challenge is to agree on a standard quickly to fend off rivals like TransferWise Inc. and Cambridge Global Payments, which are grabbing a share of the $30 trillion a year in international transactions between businesses.
XRP backers include venture capital firms Andreessen Horowitz and Google Ventures and banks such as Standard Chartered Plc and Banco Santander SA, through its InnoVentures arm.
Ripple’s advantage may lie in being further along in development. The company is working with more than 90 banks, over 10 of which have already implemented Ripple’s technology in production –- meaning that it already facilitates real transactions, even if those may currently be flowing between bank employees. Standard Chartered plans to pilot the technology with business customers by the second quarter of this year, said Gautam Jain, an executive at the bank.
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It is possible very soon that XRP will hit 50k satoshi.
“opening post from xrp bitcointalk admin”
I would like to hear people’s opinion on XRP/Ripple. News, Trends, Concepts, Technical Issues… anything pro or con that might be indicative of it’s survival or growth opportunities in actual real world use cases. Or things that indicate it’s failure.
Here is my two cents to start it off, starting with a Disclaimer. Disclaimer: I have weighted portfolio of bitcoin (5 – 10%), Ethereum (70 – 80%), XRP/Ripple (10 – 25%). I’m a HODLer, not a Day Trader,a nd reportionments are done rarely based on trends. My purpose of this post is to try and determine whether a repportionment of Ripple is appropriate. And I am currently of an equal mind. 33% to lower stake. 33% says stay hte course. 33% says increase shares. So real certainty here I tell ya! LOL Hoping someone will say something here to un-jam my mental logs.
My current facts as “I” see them….
CURRENT PRICE: Ripple is doing absolutely nothing. No real motion in any direction except sideways. Only recent facto that may be contributor is the court case that allowed prior founder (McCaleb) to unload his billions of XRP at a current rate of “0.5% of average daily volume for each day of the week, including weekends and holidays”. So hardly anything of much substance, however, the fact that the price hasn’t gone down means that there are at least enough buyers to keep the price even.
NEWS: I keep a very steady eye on Ripple, constantly trolling news, webs, boards for info. Again – nothing. Almost a total black hole of current news. The only recent “news” are name dropping tidbits about SBI Holdings in Asia wanting to use Ripple. Microsoft Azure being open to Ripple blockchains. R3CEV hinting at Hyperledger open to Ripple use cases. Royal Bank of Canada (RBC) running a Ripple Blockchain Trial. Press Releases about 42% savings to banks using Ripple. And vague references to Interledger, which is sort of analogous to Hyperledger or Lightening network in a way….. talk, no real world scenarios yet though. And all of this very hypy-vague. Just little tidbit trickles of “News”, “non-News” actually, that basically says, “Hey, we’re alive.”
GENERAL THOUGHTS: I think Ripple/XRP IS still alive, and due to the nature of its business model, is in “secret development” mode. I mean, you won’t see news, until you see news, but whe that news does come – it may be a hard break. My opinion is that will most likely be up (obviously – I DO own it), but I guess it could be down, or it might even be just a really really slow up if the news is not dramatic enough that other coins (bitcoin/Ethereum etc) aren’t also releasing big news, and thereby suck up all the investment money that might go into Ripple/XRP – thereby blunting the reaction. However, it could go the other way,a nd we could get good news out of Ripple / bad out of Ethereum/bitcoin, and the pressure could be exacerbated up. Also- the whole “premined” aspect doesn’t bother me that much. With all my crypto investments I am looking primarily at actual eventual use case scenarios to determine value. The 2nd tier money coins (Lite, Dash, Monero etc) are of no interest, and even the Utility coins (Emercoin, Maidsafe, etc) seem a bit too spiky/dodgy and subject to market manipulation/risk to me.
Ripple is obviously a top tier player, but a little lacking in discussion at present. Thought I’d fire up a topic.
Peace, – david
wow your almost 100% identical to me in your general thoughts. luv it +++++++1
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It is possible very soon that XRP will hit 50k satoshi.
It is very possible but not very soon, probably when XRP achieve the same popularity as ETH among cryptocoin enthusiast.
XRP is fighting at the price 1050 sats, how can it become like ETH? I have been waiting for its price bump, but there is no price change XRP. Many people keep saying XRP has a great future, but when it comes to the price still, it is at the base price only.
What are you talking about? This coin nearly doubled over night. It was 680’s or less yesterday and it was in the 500’s before that, what more do you want? That’s already quite a jump with the massive walls of 100’s of btcs getting eaten up like nothing all the way up to that amount.
Doin pretty dam good so far, and nobody else working with the banks like this, this coin should be worth way more than 90% of the coins on any exchange no matter how many coins are available.
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It is possible very soon that XRP will hit 50k satoshi.
It is very possible but not very soon, probably when XRP achieve the same popularity as ETH among cryptocoin enthusiast.
XRP is fighting at the price 1050 sats, how can it become like ETH? I have been waiting for its price bump, but there is no price change XRP. Many people keep saying XRP has a great future, but when it comes to the price still, it is at the base price only.
What are you talking about? This coin nearly doubled over night. It was 680’s or less yesterday and it was in the 500’s before that, what more do you want? That’s already quite a jump with the massive walls of 100’s of btcs getting eaten up like nothing all the way up to that amount.
Doin pretty dam good so far, and nobody else working with the banks like this, this coin should be worth way more than 90% of the coins on any exchange no matter how many coins are available.
Based on graph a week later, XRP in value quite a jump. I will buy more XRP.
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I like the article.
When i see the support of big business or banks it may not be what all coins want but that doesn’t mean that this doesn’t give a coin a lot of value and imo i think it should be worth a lot more just for the fact that its actually being used.
Go on yobit right now and most of the coins that are worth more than this one are garbage coins that nobody uses. I mean if we are attributing worth to more than just whales and bulls and bears or whatever name you want to give then this coin should be worth like 10 bucks just for being used by banks in more than one country. That’s my personal opinion.
Published at Fri, 24 Mar 2017 20:06:34 +0000
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