WrathofKahneman Profile picture
Apr 23 15 tweets 8 min read Twitter logo Read on Twitter
Portfolio: #Ripple now lists Oceanus as a partner on their landing page. Announced as an ODL partner in November, who is Oceanus and why would they use an #XRP using product? (Starts slow but gets very interesting towards the end..)
🧵 in, uh, a few.. Image
2. Let's get this out of the way upfront - the preceding pic is from their '22 Annual Report, as is most of this info. They went nuts with the "Ripple" theme, but they are an aquafarm co, so not a #Ripple advert 😅
links.sgx.com/FileOpen/Ocean…
3. They are a small global foodtech co, listed on the SGX, established, known for aquaculture; farming, processing, packaging, & distribution of seafood products. #Ripple announced a number of these xborder food trade co's as ODL users. For instance:
4. 2022 was a big year for Oceanus. First, sales rose dramatically (~$85m, +63%) but so did costs given FX challenges, among others. They lost $ expanding as infra grew and their product line expanded - largely meat shipped to China. sg.finance.yahoo.com/finance/news/o…
5. But the big news for #Ripple is an all-in tech effort launching Oceanus Digital Network (ODIN) “synergizing the capabilities of ... subsidiaries on 1 platform,...a managed marketplace solution helps sellers alleviate struggles, by eliminating x-border trading friction & risk. ODIN, Oceanus, #Ripple, #XR...
6. #Ripple isn’t mentioned directly, but ODIN relies on a further innovation, ODIN Pay. The description makes it obvious this is where #ODL is in play, especially given the Line of Credit capabilities. ODIN Pay, #Ripple, #XRP, #O...
7. At first, this platform is available to Oceanus subsidiaries, seen here. Notice the various currencies and locations represented; AUS, RMB, TWD, SGP, etc. ODL will be in use here and offering LOC to buyers across borders. So they’ve made Ripple’s front page. (source: Google) Image
8. And this is where Oceanus gets weird - AP 360 marketing, Resolute Communications, Capy Comm? It turns out that besides fish, Oceanus has significant arm of media/marketing co's, a media group featuring tech-forward Resolute. Image
9. They’ve leaned into VR (~2020, a clear response to in person restrictions) and done HP showcases. Here they mention products -and check out the B2B digital exchange in the corner! A “blockchain core”! Is it an early version of ODIN Pay, or more?
resolutecomms.com/oceanusreality… Image
10. And now their tech initiatives include Immersive Media Solutions, seeking to be Asia's leading VR provider. You just know these guys walk around the office nodding and muttering "metaverse" to each other!
oceanus.com.sg/thetechup/ Image
11. They're also building Shopfront.Club , a D2C platform to "create a seamless shopping experience for customers w/out the upfront capital costs of owning inventory". It sounds like #Ripple's ODL could work here, too?
oceanus.com.sg/thetechup/ Image
12. So there is a real question if the marketing/VR arms of Oceanus will find synergy with ODIN Pay or #Ripple, in general. Honestly, it's kind of wild, from aquaculture to VR marketing.
13. (Also, I apologize for using the word "synergy.")
14. TL:DR?
- #Ripple is advertising Oceanus Group’s ODL use.
- They use ODL in a x-border trade payment platform benefitting from the LOC Ripple offers.
- Further, the group has an interesting tech focus that could lead to more integrations, though there is no sign of this now.
15. Monday approaches.
/The end.

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More from @WKahneman

Apr 23
Observation: #Ripple has actually doubled down on crypto, moving away from marketing themselves as a plain payments network. They used to advertise RippleNet w/ crypto options. Now they market themselves as crypto for enterprise, pushing the pay network off center stage. 1/3 Image
If this isn't a change, it could be important corporate clarity. They are not one payments network among many, a Wise or Visa competitor. They are fundamentally about crypto, the XRPL in particular, and this is better reflected in the marketing now.
2/3
A lot of what #Ripple does is interpreted through the SEC lawsuit, with good reason, but this public product refinement looks more like leaning into the crypto world as a credible org than trying to present as a payments network using crypto. Is it more appealing to tradfi? 3/3
Read 5 tweets
Mar 27
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.
Read 13 tweets
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

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