Transformer + XinFin. To translate SWIFT messages.
Follow the timeline. Surely all just coincidences, right? 🐇
Just putting the obvious here. As most of you know:
Now lastly this, of course. Thing is: XinFin + R3 Corda and connection to SWIFT is nothing new. Don’t listen to people who say that. People who say that XDC is a scam, you should not listen to anything they say. They can’t even use Google.
1/ This is my Ripple conspiracy theory and their big connections with central banks and the IMF.
I’m just going to be blunt. Maybe I’m right.. maybe I’m wrong.. but I don’t believe the largest banks like Citi really likes Ripple that much, along with XRP..
2/ Reason I’m saying this is firstly because Asheesh Birla has said Citi told them that they are their enemy on a meeting.
Why I think this is so? Ripple along with XRP brings disruption... the flow of funds won’t be controlled by the largest banks with Ripplenet
3/ and settlement through XRP. These giant banks take out large fees for smaller banks to hold nostro for them.
A bank like Citi can then control the flow of funds and make money doing so. Control as well as fees. Very high barriers of entry for these nostro holding
This is how I could imagine SWIFT playing the game: Even though it is a cooperative of banks it seems they are working in competition to Ripple. Gottfried creating SWIFT gpi instead of working with Ripple is one example.
2/ The issue for SWIFT is that Ripple offers the full package, could entirely replace SWIFT. It seems SWIFT gpi has become a lot more competitive to xCurrent lately. A fire was lit under their ass by Ripple.
3/ What Ripple offers that no one else can offer is on-demand liquidity. This is the future, nostro vostro will die out, it's just a matter of time.
This is why I find it likely SWIFT would want to use Corda Settler with XRP to gain this massive advantage.
1/15
When #xrp starts being used as a bridge asset as a standard it will be the perfect investment for any savvy investor. Why?
Consider first an investment into stocks. Stocks have over the last hundred years proven to be a great investment, averaging something like
2/15
a 7% yearly return on average adjusted for inflation. But stocks are volatile and companies often fail. They are a high risk investment. Many unforseen events can bring down the business.
Now, consider XRP. Imagine an ecosystem for XRP is being developed.
3/15
This may take some time. At this moment payment providers are using xRapid but banks are not really live yet. Regulations are not clear.
It is thus still risky. Imagine in the future, all regulations are passed and XRP enjoys a good traffic from banks.
1/10
xRapid builds liquidity, both from the sender market and receiver market. So if it goes from USD - XRP - MXN it builds liquidity both in USD and MXN. So the competing bridge asset (XLM) has to compete in both markets.
2/10
So, in other words, it would not be enough for XLM to just target some exotic fiat to try to win that market. The total cost will depend on the spread and order book depth of both markets.
3/10
The more liquidity xRapid builds, the harder it will be to compete. First mover advantage is hugely important. If XRP gains billions of volume in a market and XLM has a few million, the software will pick XRP every time, since it’s automatic.
I believe Coil can be a big player in the future. The reason why I’m saying that is because they are solving the friction of purchasing content online to a large extent.
I’d like to draw a comparison to Amazon’s 1-click.
2/15
Amazon’s 1-click has been considered a game changer. That’s because it is very convenient to buy stuff on Amazon once you’ve bought something once and activated 1-click.
You are then more likely to buy on Amazon than other sites because it’s so convenient and quick.
3/15
I personally love that feature on Amazon and ordered more stuff than I should have otherwise.
The opportunity for Coil is to make it as convenient for customers as 1-click is.
To sign up to new homepages for content is time-consuming and inconvenient.
1/9 Ripple and XRP are in a great position now since they have other very influential players pushing their technology.
- The IMF with Christine Lagarde talking about Ripple, telling banks to adopt this new tech or die. I believe the IMF has set up meetings with
2/9 Ripple and central banks as well. At the big meeting with central banks in New York with Ripple, the first presentation was by the IMF.
It would make sense the IMF set this up. How are Ripple otherwise meeting all these central banks? That’s not normal for a startup.
3/9 But to go straight to the top is huge for Ripple. Just look at their deal with the Saudi central bank. This sends a signal to the whole middle East.
- You have the World Bank that recently published an article showing the benefit of Ripple’s system, telling others to join.