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WrathofKahneman Profile picture
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Dec 8 • 3 tweets • 2 min read
Al Baraka Bank has become the first bank to sign onto the SADAD Bahrain platform, a platform which is #Ripple enabled for, among other things, remittances to UAE Exchange or ICICI India. 1/2
sadadbahrain.com/news-AlBarakaB… Image
There is even a possibility this connection would involve ODL as the original document noting the SADAD integration mentioned xCurrent. 2/2
^The original docs have been moved, so the best case scenario is that Al Baraka Bank will enable #XRP use via ODL through UAE Exchange & ICICI bank. Worst case is the Ripple integration never came to fruition so nothing is happening. Also note Al Baraka is Islamic banking.

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More from @WKahneman

WrathofKahneman Profile picture
Dec 9
A weekend 🧵
Because we're not all programmers, perhaps this will be a useful guide to fight through XRP disinformation about secret XRP, buybacks and ledgers, using the most powerful tool available...

WARNING: TEDIOUS RAMBLING AHEAD
1/16
2) The most powerful FUD-fighting, #XRP-boosting, conspiracy clearing tool on the web?

>>github.com/XRPLF/rippled
The XRPL is opensource.
Let that sink in :)

And it's not Ripple's, despite their influence. This in many ways, answers questions that routinely circulate about XRP
3) For instance, knowing it's open source, why in the world would a gov try to buy back XRP, when they could DIY? For less? And regulate it? And it would be more liquid? This idea makes no sense at all for a free network.
Read 19 tweets
WrathofKahneman Profile picture
Dec 7
🔎More ODL ?
- Nov 16: @Ripple announced a new ODL partnership with MFS Africa. Mobile money was highlighted.
- Dec 2: Longtime ODL partner TransferGo launched service to Ghana, Senegal, Uganda, Kenya, & Benin Republic, 6 countries MFS operates in.
pulse.com.gh/business/local…
ODL is not mentioned in the TransferGo P/R, only the proximity to the MFS Africa announcement suggests it. Article also highlights how users are able to avoid currency fluctuations, which has been a Ripple talking point.
ref.
ripple.com/customer-case-…
ripple.com/insights/trans…
ripple.com/ripple-press/r…
Read 4 tweets
WrathofKahneman Profile picture
Dec 2
Secret #XRP Ledgers!!! 🔎
Are they real?

Let's be clear; there are no secret ledgers where real XRP is priced at $100k. It is impossible and represents a misunderstanding of how the #XRPL works.
A🧵/12
2. Just think of it - want XRP to be $50? $500? $5 million!? You could do it on your own private ledger! XRPL.ORG / Github even shows you how!
Then squeeze your super valuable XRP back onto the market, right?
xrpl.org/blog/2020/runn…
xrpl.org/run-rippled-as…
3. No.
Remember how the XRPL achieves consensus; there is a network of independent validators that agree on each tx recorded so the network progresses. And they already agree on the amount of XRP created and where it is.
wazirx.com/blog/blockchai…
Read 13 tweets
WrathofKahneman Profile picture
Dec 1
Yesterday, @Ripple led a $72m funding round for digital asset market maker Keyrock. Active primarily in spot markets so far, it has been expanding into OTC markets recently.
investingcube.com/market-maker-k…
"Keyrock leverages its own technology to offer flexible and scalable liquidity solutions to marketplaces and asset issuers like #Ripple and over 85 other trading venues." They lost a small amount of assets to FTX. coindesk.com/business/2022/…
Also, SIX is partnered up w/ #Ripple investor SBI Holdings to create "the preeminent digital asset liquidity hub in Singapore."
And Middlegame Ventures has nothing to do with gaming.
Read 5 tweets
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
Nov 16
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…
Read 10 tweets

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