WrathofKahneman Profile picture
Mar 27 13 tweets 5 min read Twitter logo Read on Twitter
FRAMING: In Aug, #Ripple published "Payments by the Numbers Guide." that sets their course very clearly, presenting 3 use cases; remittances, SME payments, & Treasury Flows. Surprised this hasn't generated more discussion as it's illuminating.

1/10, but there are pictures. Image
2. The doc is straight to the point, using 3 partners to demonstrate 3 use cases for #RippleNet.
REMITTANCES = Tranglo
SME PAYMENTS = Novatti
TREASURY = Pyypl Image
3. This is important framing & clarifying as these are the major partner/investment annc's from the last couple of years that are using #RippleNet with #XRP. There are other partners of course, but these are the XRP users.
4. And the brochure touts 5 benefits of using XRP for payments. Each use case emphasizes different benefits. And so in order; Image
5. REMITTANCES
Tranglo is the key partner here noting use of ODL rails in the Philippines primarily, with more corridors being introduced.

XRP BENEFITS -> Lower Costs, faster payments Image
6. SME PAYMENTS
Novatti uses it for SME's, B2B, touting the agility to meet vendor/supply pymnts. Helpful to see given breadth of Novatti's efforts, including AUDD, launched on Stellar. They're bootstrapping xborder B2B processes w speed.

BENEFITS -> lower costs, new markets Image
7. TREASURY
Pyypl's use is the most interesting! W/ a global footprint, they move "between currencies in connection w/ card scheme settlements," leveraging #XRP to "to obtain the foreign currency
liquidity they need at the start of each week."

BENEFITS-> no pre funding, 24/7 Image
8. This is particularly interesting backing a card scheme w/ regular weekly use that relies on an old promise of #XRP - eliminating prefunding. No, banks aren't using XRP yet, but this is inching closer; multinationals not needing banks for treasury movements.
9. There's an organicity to these 3 uses, from personal remit's to SMEs to something institutional in treasury movements. I wonder to what degree this represents an expansion of #XRP use heading towards banks. Capturing significant market share in these alone would be huge.
10. CONTEXT: When Ripple changed their marketing and clarified their pitch to 3 offerings (xborder paymnt, crypto liquidity, CBDCs), the #XRPCommunity wondered where XRP fits in. This doc falls under the "xborder payments" wing and details how #XRP is a part of it.
Ran out of pictures,
/end
Organizing how they're addressing the market is a bit of a challenge, so this is helpful to map it out. Sure, there are other ways the #XRPL might be used; CBDCs or XRP within the liquidity hub, but this is the payments approach & I think there's more to come with tokenization.
Crap, I forgot the source!
Right here -
ripple.com/lp/payments-by…

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More from @WKahneman

Feb 26
Portfolio: New #Ripple partner Star Dreams General Trading is located in Dubai, "a regional leader in the import, processing and export of agri commodities. " There's not too much to say from the outside looking in, but there are a couple of points.
🧵/7
stardreamsgtl.com/about-us/
2. Based in Dubai, by far the country serviced most is India (if I have accurate data). On it's own, this isn't remarkable, but given India's crypto ambivalence, it's a strong move to use ODL in corridors that might require INR?
panjiva.com/Star-Dreams-Ge…
reuters.com/world/india/no… #ODL #Ripple #XRP #star dreams
3. They also have shipped a number of places including Benin & UK, only interesting in light of #ODL because Benin uses the West African CFA franc (XOF). Eight African countries share this currency. You can find Columbia & Philippines, too.
en.52wmb.com/supplier/67163… Where #Ripple uses ODL?
Read 10 tweets
Feb 25
Portfolio: Recently announced #Ripple partner Choice International (UK), is a co that supports money transfer businesses especially with de-risked nations requiring tight AML/KYC; places where liquidity is difficult. So how are they using ODL?
1/5
choicemoney.co.uk/about-us
2. The main co offers all manner of services including cards and white labeled mobile apps.
choicemoney.co.uk/become-choice-…
3. Choice International also has a forex division, which seems like the most obvious ODL implementation. What is notable about their forex business is that they only facilitate tx's for tangible goods, b2b. -There is an invoice for every tx.
choice-forex.co.uk/about
Read 8 tweets
Jan 22
Can the XRPL represent the value of everything, all at once? Can $XRP be backed by gold? Both questions seem related to misunderstanding what $XRP is & how it functions, a boorish, simple🧵/14.
(Note: just condensing XRPL.org. All misunderstandings are mine.)
2. First, according to XRPL.org there are 2 types of assets on the XRPL.
1. XRP
2. Tokens.
That's it.
Two categories with different properties. Honestly could end the thread here. But I'm avoiding work, so here goes...
xrpl.org/currency-forma… $XRP
3. $XRP is the ledger's native token. It can be sent anywhere, from anyone & receipt is settlement. Don't have to wait for anything more. It secures the network as payment of a very small (but traffic scaled) tx cost & a required reserve for an account.
Read 16 tweets
Jan 21
Daily Davos Creeper thread; a collation of #Ripple news at the intersection of Davos (WEF) and the UAE. There's smoke, is there fire?
A 'lil 🧵
1/7
2. Let's start by noting the meta-discussion surrounding Brad's mention of #Ripple's status in the UAE. To the listener it seemed he believed alternate information about Ripple's UAE status, despite the UAE minister to his left asserting "You do not".
3. The UAE, at least in the press, was notably present, as are many countries, but it does seem they were making an effort, participating in seminars including sustainability, preparing for the future and crypto.
...in the Venn diagram, as they say.
zawya.com/en/press-relea…
Read 7 tweets
Jan 2
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…
Read 4 tweets
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

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