Share this page!

WrathofKahneman Profile picture
Twitter logo
Jan 2 • 4 tweets • 4 min read
A brief overview for folks reading about @Ripple & $XRP use in 2023. Years ago, Ripple offered 3 products:
xCurrent = payment messaging
xRapid = #XRP as bridge currency
xVia = an API solution
Co's originally signed bilateral agreements w/ partners to move value. And now?
1/3 #RippleNet #ripple $XRP #XRPL #XRP
Now these functions are integrated into one service, "RippleNet," a payment suite managing messaging with the option to use "On Demand Liquidity" (ODL), an $XRP using product, if desired. Bilateral agreements are no longer necessary between users.
2/3
So if you see someone uses "Ripple" or "Ripplenet",
-they likely only use it for messaging, not #XRP
-if "ODL" is specified, then value is moved using XRP on the #XRPL
-Many ODL users start with RippleNet only.
3/3
 ripple.com/insights/on-de…
ref.
cryptonews.com/news/this-is-w…
ripple.com/insights/xvia-…
ripple.com/insights/xrapi…
cnbc.com/2018/10/01/rip…

medium.com/@KTriebstok/wh…

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with WrathofKahneman

WrathofKahneman Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @WKahneman

WrathofKahneman Profile picture
Dec 9, 2022
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, 2022
🔎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, 2022
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, 2022
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, 2022
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, 2022
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

Did Thread Reader help you today?

Support us! We are indie developers!

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

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

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

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

Send Email!

:(