Discover and read the best of Twitter Threads about #xrapid

Most recents (6)

[1/3] @MoneyGram, world‘s 2nd largest money transmitter, on @Ripple‘s #XRP product xRapid:

[2/3] ...what @Moneygram expects in terms of #xRapid volume growth...
[3/3] ...and Moneygram‘s final take on Ripple‘s #XRP product...
Read 3 tweets
Guidance on #Cryptoassets
Feedback and Final Guidance to CP 19/3

July 2019:

Can cryptoassets be used to facilitate regulated payments
services? (Page 39)
Tokens can be used to facilitate regulated payment services such as international money remittance, and we have seen several use cases in the sandbox where unregulated tokens have been used like this to make things cheaper and faster on a small scale.
What this looks like in practice
• Sandbox case study 1. Unregulated tokens can be used to facilitate cross-border payments which are regulated by the FCA such as money remittance services
and this business model has been tested in our regulatory sandbox.
Read 13 tweets
The role of trust in banking:

In the current banking system, there are two types of trust involved. Trust in the asset and trust in the counterparty.

Fiat currencies are not backed by collateral. When a bank holds Fiat, it places trust in the govt. and CB that issued it.
This means a bank would be happy to hold $USD or $EUR,but less inclined to hold a volatile currency like the Zimbabwe Dollar or the Bolivar. his is problematic because this adversely affects daily banking services locally&internationally for people and entities in these countries
Similarly, when Bank A sends a payment to Bank B, the latter has to trust that the former will honor the settlement. There is always a risk that they won't, and this is called counterparty risk. This is the reason why the correspondent banking system is in place.
Read 10 tweets
The future of #XRP markets

The Q2 Report from @Ripple gave us some insights on the long term vision for $XRP. As per the attached screenshot, the vision is to have XRP trade like the leading global currencies.

But what exactly does that mean?
The #Forex spot market is the most liquid market in the world with over $5 trillion daily volume & operates 24 hours a day,5 days a week.For XRP to be the definitive bridge currency of the world,it needs to be able to be traded in this market, floating against leading currencies
Forex trades are done with high precision in the quote prices. The lowest unit of measurement is a pipette (5 decimal points for most, 3 for $JPY pairs). The lowest divisible unit for XRP is a drop(6 decimal points). Let’s look at why this is important.
Read 13 tweets
Does anyone remember the September 2018 pump of #XRP? the one that went on for 5 days, starting exactly at 12GMT, lasting an hour every time until Friday, when it went on for a few hours and we got the epic candle to 80c?

Let's look into it once more...
Many, including myself had theories about this being utility testing. However, with the release of the Q2 XRP report from @Ripple , I no longer think so.

First, let's look at the reasons why it cannot be utility.
There is currently only one usecase that puts real time buy pressure on the market and that's #xRapid. However,

-xRapid breaks up large sums into smaller orders
- Will have large amounts of payments between exchanges
- Will place orders on Fiat pairs
Read 14 tweets
0/ The #crypto/#blockchain space is starting the week off strong! Many projects continuing to develop at a commendable rate. Let's see what's been going on over the 24 hours or so, shall we? 17 parts to this bad boy, let's do this 👇
1/ 🗳️ @WillWarren89 (CEO, @0xProject) announced an upcoming vote on #ZEIP23 which, if approved, would provide “0x with native support for trading any arbitrary bundle of ERC20/ERC721.” If implemented, ZEIP23 would be 0x's first-ever “hot upgrade.”…
2/ 🎨 @ColemanSMaher (Partnerships, @OriginProtocol) unveiled the Origin-enabled, a feeless, peer-to-peer marketplace for #art.

A number of artists signed up at launch, including @TrevorJonesArt, the first Scottish painter to incorporate AR into his work.
Read 18 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!