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WrathofKahneman Profile picture
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Nov 16 • 10 tweets • 5 min read
Don't miss the news that MFS Africa is now a #Ripple ODL partner amidst all the news of the day. This is a potentially huge partnership. Why so exciting? A humble 🧵beginning w/ the obvious & moving to the not-so-obvious in 7 tweets..
financialit.net/news/cryptocur…
1. First, mobile uptake is important. #Ripple notes worldwide use is expected to reach 70% of the global population, largely in markets in APAC & Africa. This is a perfect high volume, small payment application that could generate tremendous volumes.
ripple.com/insights/a-win…
2. Second, payment structures across Africa aren't well connected w/ poor liquidity. Many Tx's are cross-border, but even domestic payments can be a challenge. ODL can offer a $701 mobile market cheap fast, reliable payments.
ripple.com/ripple-press/r…
3. It's very exciting MFS Africa, a big payco, jumped right in with ODL! They didn't follow the RippleNet- to-ODL pathway. The largest mobile money platform across Africa started with it. That is a significant attestation to Ripple's ability to implement things! Image
4. Notably, MFS Africa is a member of the Pan-African Payment & Settlement System. PAPSS facilitates payments between countries w/ a unified settling system. It looks a lot like SWIFT does; messaging & correspondent banking, specifically for Africa.
papss.com
5. In addition to banks, PAPSS connects central banks, too. Given the prevalence of mobile wallets in the region, could national pymnts move through ODL?
thefintechtimes.com/mfs-africa-joi…
6. PAPSS was adopted as the payment and settlement system to support the implementation of the African Continental Free Trade Area (AfCFTA) in 2018 and just recorded its first successful TX in OCT, so this is all very new as Africa builds out.
thisdaylive.com/index.php/2022…
7. So MFS Africa may be a huge partnership w/ a central African payments player connecting CC's, retail & Central Banks through mobile devices. They are buying US companies, connecting a continent building out infrastructure, and now, sometimes via ODL.
ceobusinessafrica.com/fintech-mfs-af…
/fin

add.
imf.org/en/Publication…
au-afcfta.org/2022/11/nigeri…
allafrica.com/stories/202211…
thisdaylive.com/index.php/2022…
africabusinesscommunities.com/tech/tech-news…
punchng.com/uba-supports-a…
thisdaylive.com/index.php/2017…

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More from @WKahneman

WrathofKahneman Profile picture
Nov 17
Get questions re: Partior given these articles. JPM spun off Partior, a "neutral" global payments platform. ETH based (no fees). It's competition for Ripple in one sector but - and this is significant - it is also further fragmentation, not consolidation.
ledgerinsights.com/partior-jp-mor…
What Partior has done, as you might infer from the article, are systems for large value tx's, like SWIFT. They look like correspondent schemas, laid out in smart contracts for speed & automation.
For the most part there hasn't the XRP liquidity for these & worse still (for banks) it requires buying XRP. Partior doesn't require buying a token. The AMM XRPL proposal could go a long ways to providing enough liquidity though for large ODL tx's which wouldn't require buy-in.
Read 6 tweets
WrathofKahneman Profile picture
Sep 17
A lil' #Ripple partner mystery:
1. Payment Rails (Montreal), an API-first approach, enabled developers "to seamlessly add international payments to their platform, website or apps, giving access to global markets."
But then, they disappeared.
paymentsjournal.com/payment-rails-…
2. In reality they just rebranded in 2021 as Trolley with "ambitions to drive payout-based growth..." and "progress in meeting the payout needs of a borderless, internet-based economy."

At the same time, they closed a $7m series A funding round.

finance.yahoo.com/news/payment-r…
3. Their P/R seems like a perfect place to use RippleNet:
"Trolley plans to leverage Pace Capital's investment to:
- Increase direct integrations w/ top ERP & accounting platforms
- Expand tax compliance beyond the US
- Add more local & instant payout options"
Read 6 tweets
WrathofKahneman Profile picture
Sep 17
OT:"The Best Way to Predict the Future is to Issue a Press Release."

This article goes. so. hard.
-Gartner hype-cycle is meaningless
-tech acceleration is just marketing
-tech narrative becomes mythic natural law

ed-tech but bears on crypto, metaverse
hackeducation.com/2016/11/02/fut…
I cannot recommend it enough! Someone rec'd it here a few months ago and I've since reread it every few weeks. She deftly pokes holes at the mythology of Silicon Valley progress presenting itself as natural and inevitable and not deliberate choice and financial interest.
Here is a review of her book, "Teaching Machines."
(it's very good, too, book & review).

comment.org/unlearning-mac…
Read 5 tweets
WrathofKahneman Profile picture
Aug 7
There is a lot buzz about the #XRP valuation model this weekend. Why?

Short version: Blackrock is investing in Coinbase & the head of Blackrock's Digital Asset div. has been Robert Mitchnick, one of 2 authors of an $XRP model from 2017, so lots of buzz.

Long version? -a lil🧵
1. Blackrock announced a partnership with Coinbase for institutional advisors to gain BTC exposure. This is big money.
bloomberg.com/news/articles/…
2. In 2019 Blackrock hired former Ripple Exec Robbie Mitchnick to lead its digital assets division.
ledgerinsights.com/blackrock-is-h…
Read 13 tweets
WrathofKahneman Profile picture
Aug 5
There have been some intriguing events occurring with SBI & SBI Remit; #Ripple investor and ODL user, respectively. Here is a brief attempt to piece them together. Warning - I'm trying to find a narrative here, not propound one. 🧵/6
reuters.com/business/sbi-c…
1) First, recall that SBI Holdings is Japan's largest online brokerage & banking services co. They recently acquired Shinsei bank, a commercial bank w/ a stong lending business. SBI invests in smaller banks to expand customer base. Was high drama.
reuters.com/article/shinse…
2) Next, remember on July 28th there was news the SBI VC Trade platform, which hosts SBI's ODL connection, was expanding to platform other orgs, such as AsianNet.
Image
Read 8 tweets
WrathofKahneman Profile picture
Aug 1
To piggyback off @X__Anderson 's ODL thread, @Tranglo has recently published a flowchart on their website that is very instructive about how they use ODL now (and therefore #XRP). 1/7
>>>Notice the licensee wallet is held by #Ripple<<<
tranglo.com/odl/ #Ripple #ODL #Tranglo #XRP #Wallet
2. Here's the steps, collated from the scrolling box. A customer makes their request to Tranglo and then pulls #XRP from their (licensee's) #Ripple held wallet and then exchanged via Tranglo's exchange account for fiat and into their Tranglo wallet. #ODL #XRP #Ripple #Tranglo
3. Note how significant it is the customer does not have to hold #XRP in this schema! There is no volatility risk as #Ripple holds the XRP and Tranglo pulls it to find fiat liquidity.
Read 7 tweets

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