The Real-World Potential of Ripple

JcollinsEconomics, FREEPOM36 Comments

Interledger Protocol Dominance and XRP Geopolitical Intelligence

By JC Collins

Bones and old newspapers were all that remained. The world had changed but few noticed. Nations, corporations, banks, and global institutions had quietly restructured themselves around the emerging world of decentralized governance and commerce. Those who had seen the approaching transformation positioned themselves strategically. Those who hadn’t stumbled blind into the future. The wealth of the world had ascended as the lineage of empires fragmented and decomposed back into the earth. A new world had been born.

It is now only March 11, 2018. The year so far, at least for me, has been a blur of buying XRP while watching and reading as much information as possible on Ripple. Between crypto investing and learning about the Ripple Interledger Protocol (ILP), I have also come to know the Russian singer Vitas, who has somehow remained unknown to me since 2001.

But even finding Vitas has been a product of crypto research. YouTube personality Kung Fu Nerd uploaded a video called Bitcoin to the Moon which was a slowed down spoof of The 7th Element by Vitas. It was both bizarre and entertaining. I had to know more about this crazy Russian singer. When I heard the songs Opera One and Opera Two I became an instant fan. Thank you crypto world. Thank you Kung Fu Nerd. Vitas, I will see you in concert either in Europe or Asia, where you draw the largest crowds.

After almost a decade of researching the International Monetary System (IMS), and all of the inefficiencies within its financial architecture, coming to understand the full potential of Ripple and XRP was something of an educational enlightenment.

Since 1944 the IMS has been structured around the global role of the US dollar. During the Bretton Woods Conference of that year, 44 allied nations engineered the post-war monetary system which would govern and guide the world as it rebuilt from the devastation of war. The United States was positioned as the strongest of the major powers as its political and economic stability could be leveraged to support the new global framework.

The original intention of the English economist John Maynard Keynes was to use a supra-sovereign currency called bancor. Keynes reasoned that using the domestic currency of one nation in an international reserve function would cause global imbalances which would continue to expand, eventually leading to large financial crisis and currency exchange disruptions. During the closing arguments of the conference, the bancor was replaced with the USD. Russia was the only nation who would not agree with the switch. From that the fundamental framework of the Cold War took shape.

During the 1960’s it became apparent to most nations that the United States was expanding the supply of USD at a rate which was unsustainable. The ever growing international demand for the dollar was showing no sign of slowing down, and the accumulation of USD around the world transformed what was a trade surplus at the end of the war, to a growing trade deficit. There was a problem developing. A problem, which to now, still has not been corrected.

The accumulation of USD, and its function throughout the international monetary system, serves as the backbone for the majority of geopolitical challenges around the world. Though the United States gained much power and influence because of Bretton Woods, it wasn’t able to maintain balanced relationships with other nations. The possibility of decreasing dollar demand was a threat to the business and banking interests which had built up around the American establishment. But increasing dollar demand was compounding the problem of monetary imbalances and causing deflationary pressures in the domestic economy back home.

The American political establishment leveraged the growing liquidity of the USD to expand domestic welfare programs and build a larger military. Domestic programs were used to manage the perceptions around the increasing job losses as the trade deficit grew larger. The military was used around the world to protect and encourage further demand and accumulation of USD. The truth was that there was no viable alternative which could be used to replace the international role of the dollar. Another nation could rise up and claim the reserve responsibilities, but after removing the American military machine, if at all possible, they would also suffer the same Triffin deficiencies and imbalances. Faced with two bad options, the American establishment choose America.

Add in the creation of OPEC and the international payments system SWIFT in the 1970s to manage the denomination of worldwide energy sales in USD, trend with the emergence of terrorism and an increase of the Middle Eastern geopolitical firestorms which started with the Iranian Revolution, and you can begin to see how the world as we know it has been the product of a monetary agreement which few of us even understand.

The Asian financial crisis which started in 1997 was the first large scale indicator that the USD based centralized unipolar framework was entering into its terminal phase of fragmentation. The simplest explanation for this crisis was that the massive accumulation of USD by other nations contributed to a lopsided exchange rate mechanism.

Being that the dollar was the centre of the system, the burden of the inflation associated with the expansion of the USD money supply was transferred onto the currencies of the emerging economies. These currencies were devalued against the dollar. This devaluation created slow economic growth in the emerging nations, while forcing American companies to move production to those same nations as the higher valuation of the dollar made US exports expensive.

So it shouldn’t have been a surprise that Thailand was the first to suggest they would no longer peg their domestic currency to the USD. This sparked a fire and the Asian currency crisis spread to most of the emerging economies. It took almost two years for the turmoil to subside and new arrangements were put in place to manage a problem that wasn’t going away.

The next large scale indicator was the financial crisis of 2007 and 2008. The world economy was taken to the brink because of the imbalances and inefficiencies in the global framework. After the dust settled China was one of the first to come out with the recommendation that the USD be replaced as the world’s reserve currency. The People’s Bank of China recommended that the Special Drawing Right (SDR) of the International Monetary Fund be used as the alternative.

The SDR is a supra-sovereign asset based on a multi-currency composition, or basket of currencies. The problem was the USD made up the largest percentage of the SDR valuation, and America held veto power over the IMF Governance process. The fact that the SDR wasn’t an actual currency, and lacked the liquidity needed to replace the dollars worldwide function, only added to the challenges. Reforms were passed and new frameworks were theorized but never implemented.

The development of blockchain technology and Bitcoin provided the first real alternative to domestic fiat currencies. The Bitcoin network came into existence in January of 2009. The development of Bitcoin was a response to not just problems with the USD, but was more importantly targeted against the process of fractional reserve banking.

The evolution of blockchain technology and cryptocurrencies has only just begun. What started with Bitcoin has now expanded to over a thousand digital assets and tokens. One of these is called Ripple.

Ripple, and its digital asset XRP, started in 2012 and dramatically increased in value and importance throughout 2017. There are three products being offered by Ripple. One is xCurrent which is focused on processing payments for banks and other payment providers. Another is xRapid which provides on-demand XRP liquidity for the users of xCurrent. Then there is xVia, a tool for business to interact with the xCurrent network.

Ripple has a large scale strategy where it is partnering with banks and companies around the world on trialing xCurrent and xRapid. Even central banks, such as the Bank of England and the Saudi Arabian Monetary Authority, have announced partnerships with Ripple. The Federal Reserve in the United States has validated Ripple and is exploring a vast implementation of Ripple to improve its payments process. There has a been a lot written about the Ripple partnerships, so I will only touch on them here.

The USD dominated SWIFT system of international payments is one of the markets targeted by Ripple. Banks around the world have to hold multiple currencies in Nostro accounts in order to use the SWIFT system. There are trillions of dollars of liquidity locked up in these accounts. Utilizing xCurrent and xRapid as a replacement to SWIFT will release this liquidity and allow banks to repurpose it.

There are some who suggest that the valuation of XRP is volatile and could never be used for this purpose, as the banks holdings of XRP would be exposed to massive losses if the asset dropped in value. The problem with this is that the banks would not have to hold XRP. Bank A would convert domestic fiat into XRP and a transaction would take place over the Ripple network in 3 seconds. Bank B would receive the XRP and convert it into their own domestic currency. The full transaction would take 3 to 5 seconds with minimal exposure to price volatility.

This is not well understood by the critics of XRP. Consider the companies which are under threat from Ripple. It would be in their interest to promote confusion and misleading information on XRP in order to derail the progress being made. This could potentially even include other crypto companies who see Ripple as a huge threat.

There is a lot of technical information available on the Ripple network and XRP. This article is not intended to be a technical paper, but it should be noted that XRP and the Ripple ledger can process over 70,000 transactions per second. This is unmatched by any other crypto asset and can be scalable even further.

Another argument against Ripple is that the blockchain ledger is centralized, and as such, is not a true cryptocurrency. This is a gross mischaracterization of the facts. Ripple is in the process of expanding its blockchain nodes which validate each transaction. Before 2019 the Ripple ledger will be more decentralized than Bitcoin. This means that as more banks and business use the Ripple network and XRP, not only will the network be able to handle all of the volume in just seconds, with extremely low fees, but it will also be the most decentralized blockchain in the world. This is important because it will prevent any one institution, government, or person, from gaining dominance or leverage over the system.

The Ripple Interledger Protocol (ILP) is best explained as follows:

At its core, Interledger is a web protocol for routing payments across independent networks. It is a technology approach which has never existed before.

Its purpose is humdrum but enterprise critical. ILP aims to:

deliver the payment speed and certainty necessary to service high volumes of all sizes and types of payments
making these cost-effective for customers
providing a profitable mechanism for financial institutions, specifically banks.

In theory, the ILP provides the same benefits as other blockchain systems, including the certainty and auditability of transactions. ILP proponents claim it adds advantages that traditional blockchains cannot offer, such as scalability, privacy and interoperability:

horizontal scalability: no limits to transaction processing to meet customer demand.
complete transaction privacy: transaction data remains private to only the transacting parties.
Interoperability between independent networks
utilization of existing ledgers, systems of record and currencies.

To Ripple, as the originator, the appeal was obvious. All banks and payment providers — from the smallest to the largest — can leverage the ILP’s open protocol to power payments across networks globally. The Interledger Protocol can work with any new network or system, regardless of its underlying technology (including, but not restricted to blockchains).

To summarize, the Ripple Interledger can connect every payment service in the world and process payments across every network and ledger. Whether its Visa, PayPal, the Federal Reserve, Western Union, MoneyGram, Standard Chartered, JP Morgan, the Bank of England, or SBI, the Ripple network can provide seamless borderless payments in seconds for just fractions of a cent. But Ripple can also connect all of these with every other cryptocurrency and blockchain ledger. Ripple can in fact become the reserve standard across multiple platforms and ledgers, making it the most dominant monetary asset in the world, whether fiat or crypto.

There is another product which is being developed by Ripple called xPool. There is not much known about xPool, but it is speculated that it will be built upon a liquidity providing service for XRP. Banks, institutions, business, and individuals who own XRP can invest those digital assets in xPool. The liquidity required to complete a growing volume of XRP transactions can come from xPool, as xCurrent and xRapid withdraw and deposit XRP from xPool on a second by second basis. Those who own the XRP invested in xPool can increase the value of their investment through transaction fees and interest on interledger lending.

There are endless price predictions out there for XRP. These are futile, as at the end of the day it will be worth what it is worth. Forbes recently had an article suggesting that Ripple could be the next Bitcoin. It has already surpassed Bitcoin in purpose and function, but value is another thing. But keep in mind, as the use of XRP increases around the world, the amount of XRP available will be decreasing from the 100 billion it started with. As demand increases, supply decreases.

Some state that XRP could never appreciate much higher then where it is now because of the market capitalization. This is misleading once again because market cap is not a full indicator of valuation. Valuation is based on market penetration and real-world function. Market capitalization can serve as a rough measure of valuation based on very basic calculations, but should not be considered the final word on asset valuation.

Consider the adoption of Ripple and XRP as the international payments standard for governments and central banks, providing liquidity on the scale of the USD and all other currencies. Now add in retail and investment banks, payment providers like Western Union and PayPal, Visa, MasterCard, American Express, and a growing market demand from individual and institutional investors looking to own XRP. What do you think the valuation can be?

Get XRP and HODL. It’s the long game.

In closing, the real real-world potential of Ripple can be found in the development of geopolitical intelligence. This will far outweigh the future valuations of XRP. The wars and poverty which have afflicted the world and its empires for thousands of years have been spread and maintained through the centralization of wealth. A fully decentralized Ripple interledger with mass adoption of XRP as a global reserve asset, which no one entity owns or controls, can provide humanity with its first real opportunity to evolve its geopolitical intelligence.

This is the real mission of Ripple and its team of developers and strategists. Wealth will evolve and be redefined. All will be brought into the SMART global economy of tomorrow. A decentralized interledger XRP will fundamentally change the world.

There are some who are threatened by this evolution.

Bones and old newspapers. - JC

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36 Comments on “The Real-World Potential of Ripple”

    1. I really hope that JC is right. For everyone´s sake.
      For me, the real problem is to know who is going to control that SMART global economy of tomorrow.
      Decentralization is the goal towards all of us should be working to, but TPTB will not be as easy to defeat as some people might think. I guess they are the ones threatened by this evolution, so for sure they´ll put up a fight.
      May the decentralizers win.

  1. Thank you for calming the oceans voice in this head.

    The oceans voice is waves, waves are disruptive thoughts bouncing around in fear and anxiety which are born from a shallow understanding of some thing.

    Stay long and hold, great advice.

    Thank you pal.

    1. Hmmm. But if someone didn't throw a rock into the calm waters then the ripples wouldn't be able to decentralize that original splash energy would it? Ha, everything is connected. "The push and pull of it all".

  2. JC,
    I can't remember why I wrote this down on a scrap piece of paper, where or when I first found it. It could very well of been from you or one of the POMer's. I'm using it here now because it seems to me it fits so well, plus I hope it helps me frame a question I have in mind.

    "There is nothing more difficult to take in hand, more perilous to conduct, or more uncertain in its success, than to take the lead in the introduction of a new order of things.(system?) Because the innovator has for enemies all those who have done well under the old conditions, and lukewarm defenders in those who may do well under the new."
    Machiavelli -1513

    If my rickety old memory serves me well, some months or longer before the election, I seem to remember the POM discussing how candidate Trump's campaign promises or rhetoric seemed to better align with the goals of the international banking interest than say Hillary's or the other candidates. So with that in mind(I hope I can frame this right)combined with a feeling that Ripples' technology sort of kind of snuck, slipped up on, or found itself developing on the hoof to solve the tricky nature of the hacked up, stacked up, jacked up, all but in ruins, tatters, and hanging on by its finger and toe nails Bretton woods, petrodollar system, with its unmanageable imbalances.

    I can almost feel it is like Ripple to the rescue and kind of in the nick of time. That sure sounds awful dramatic, I hope I'm not overblowing the situation before I can ask the question. Rather than risk having my question lost in my own bullshit, let me just attempt get it out there.

    JC, would you be willing to comment on how you think P.T.'s politics are now lining up with the older SDR system that we were pretty much focusing on at that time, compared to what has now developed in tech and current geo-political conditions today? Now that P.T. has been in office for a bit over a year and we were looking at him as a candidate some months before the election where do you or the POM see, his relationship with the IBI?? Damn the question is getting away from me, well hell.

    Do you know what mean or what I'm trying to ask? I thought I did, I'm leaving it right there, for me to go any further will just muddy the waters.

    Great post JC, I could not get a firm holt on all the tech, but am encouraged to stay the course and exercise my mind by the your wise words. "and you can begin to see how the world as we know it has been the product of a monetary agreement which few of us even understand." I do not have a firm understanding of much of it and may never, but I can say without bragging at all that I have a hell of a lot better understanding than I did when I first wondered. What the hell is a Philosophy of Metric, and what the hell is a FREEPOM. I honestly can't remember how I found your site, but I think that while looking for freeporn, makes as good a story as any, and I find it funny as hell.

    Your Friend
    PTM

    1. Lol, he (P.T.) has been pretty quiet on all this hasn't he Peter? But we can ask who represents the IBI? Ripple has already pioneered business deals with banks and or central banks in Japan, England, Mexico, China, Saudi Arabia etc. so if P.T. is aligned with those banks than perhaps he is in alignment with Ripple. But it feels like he's just hanging back to observe for now. Maybe that's the position of "lukewarm defenders in those who may do well under the new."

      Wonder how his kids feel about the Ripple of things? As they have been charged with running the family business while P.T. is P anyway. My bet would be they are the sort to bend with the wind and adjust business to adapt and move ahead thinking for future Trump generations. For the country though it doesn't seem to be that cut and dry.

      Here is a great video series from Ripple they just posted the other day. Here is the first 3 minute video of six. If they don't play in succession let me know and I'll give you links for them all. It explains in short the goal of Ripple. The Ripple goal as JC explains is something much more than just the XRP asset. Although they admit they would profit from its increase in value also, its just not their goal or target. Sounds pretty stand up doesn't it?

      https://youtu.be/3zW_DN9pkbM

      1. Thanks for the informative Ripple links, the more I learn about Ripple the more excited I become. I tried to purchase some about a week ago and found myself hung up when I attempted to get 2nd level authentication. I simply do not own the secondary device needed. My old flip phone simply will not do the job, must be time to upgrade.

        I just wasn't able to pull the trigger to fire off my hard fought for fiat without the 2nd layer of security. So, XRP was at .95 when I went to buy, I see it at .78 as we speak, maybe there is a reason. Anyway I'm trying to figure a paper wallet into the mix, not there yet.

        I have a wedding I forgot about sneak up on me, it's a formal affair and demands a gift. I'm at least 20 lbs., and 20 years of style past my last suit, so I have to put Ripple on hold for another 20 days. Damn kids, damn grandkids. lol
        I almost feel like Ripple is the stone in a slingshot with the tension being increased just before the stone is released.

        P.T. is hard to figure, here is a link that might say something to it. I'm not quite sure what.
        Betsy and Thomas talk about puppies, China and Ormus
        https://youtu.be/LQmeFVhWM18

        As Always Thanks
        Have a Good day
        PTM

    2. Whether its the expanded use of the SDR or XRP, the USD needs to be released from its reserve accountabilities. Does that make sense?

  3. JC,
    As always, thanks for the research and your sharing of that information.
    So, as an analogy, would you say that an investment in an XRP similar to buying a share of stock in a company?
    Thanks for your thoughts and reply in advance.

  4. This may be Western Union and Moneygrams competition and perhaps why they sought out Ripples solutions. Good choice. "Oh, that competition....yep that competition we got to get us some of that..."

    "U.S. payments startup Remitly has launched services in Britain, expanding its international footprint to a third country from which users can send money abroad, the Seattle-based firm told Reuters on Tuesday.

    The digital money transfer service, backed by Amazon.com founder Jeff Bezos, sends more than $2 billion in remittances annually to India, the Phillipines, Mexico and other Latin American countries for users based in the United States and Canada."

    "Remitly’s UK launch will see it join local competitors such as Transferwise and Azimo in the digital remittance industry, which is quickly eating into the businesses of costlier, traditional services typically offered by banks and “bricks-and-mortar” organizations such as Western Union and Moneygram."

    http://fortune.com/2017/04/12/remitly-britain/

    For a bit of fun...

    When reading the following quote from the movie Oh Brother Where Art Thou replace Soggy Bottom Boys with Ripple and it makes a fun little skit.

    Lund: Now, what can I do you for Mr. French?
    French: How can I lay a hold of them Soggy Bottom Boys?
    Lund: Soggy Bottom? I don't precisely recollect them.
    French: They cut a record in here a few days ago, was an old-timey harmony thing with a guitar accom... accomp...
    Lund: Oh here, here, here, I remember them! They was colored fellas, I believe.
    French: Uh huh.
    Lund: Yessuh, they're a fine bunch a boys. They sang in the yonder can and skeedadled.
    French: Well that record is goin' through the goddamned roof. They playin' it as far away as Mobile.
    Lund: Naw?
    French: Whole damn state's goin' apey.
    Lund: Well it was a powerful air.
    French: Hot damn, we gotta find them boys and sign 'em to a big fat contract. Hells Bells, Mr. Lund, if we don't the goddamned competition will.
    Lund: Ohhhh mercy! Yes we got to beat that competition.

    http://www.imdb.com/title/tt0190590/quotes

    And here is a video version 🙂

    https://youtu.be/4UZxQOn4lK0

    "Ohhhh mercy! Yes we got to beat that competition."

  5. "Ripple Powered Mobile App to Provide On-Demand Domestic Payments in Japan"

    "The Japan Bank Consortium will release a groundbreaking smartphone application called “MoneyTap”— powered by Ripple’s blockchain technology — to allow customers of the bank consortium to settle transactions instantly, 24 hours a day, seven days a week...."

    https://ripple.com/insights/ripple-powered-mobile-app-provide-demand-domestic-payments-japan/

    "Ripple Develops Blockchain Payments App With 61 Japanese Banks"

    https://www.bloomberg.com/news/articles/2018-03-07/ripple-develops-blockchain-payments-app-with-61-japanese-banks

    MoneyTap

    https://www.moneytap.com/

    RBL Bank rolling out MoneyTap card

    https://www.rblbank.com/product/credit-cards/moneytap-card

  6. I was reading on another site about US Tax Law changes leading to the return of hundreds of billions of dollars that US Corporations hold internationally, which could put a lot of pressure on banks in Europe and elsewhere losing all those deposits / capital. Will this potentially put a lot of pressure on those banks to seek alternatives to Swift (such as Ripple) because they will be inclined to avoid funding Nostro accounts to help re-stabilize their capital positions?

    1. That’s a great point. You touched on an important aspect of the forthcoming changes. Banks and business will be capitalizing on the new opportunities which crypto is creating. Regulation will provide the institutional confidence for everything to shift.

  7. April 2015 Goldman Sachs "The Wall Street bank announced late Wednesday that it had struck a partnership with a major Chinese investment firm, IDG Capital Partners, to lead a $50 million investment into Circle Internet Financial, a start-up that aims to use the technology underlying Bitcoin to improve consumer payments."

    https://www.cnbc.com/2015/04/30/goldman-idg-invest-50-million-in-bitcoin-company.html

    Feb. 2018 "LONDON/NEW YORK (Reuters) - Goldman Sachs-backed cryptocurrency startup Circle has acquired digital token exchange Poloniex, Circle said on Monday, as it aims to cement its position as one of the leading players in the booming market."

    https://www.reuters.com/article/us-crypto-currencies-circle/goldman-backed-startup-circle-buys-major-crypto-exchange-poloniex-idUSKCN1GA1N4

    March 2018 "Circle Rolls Out Crypto Investment App in 46 US States"

    "The app allows users to invest or trade bitcoin, ethereum, bitcoin cash, ethereum classic and litecoin, with more tokens coming in the future, according to Circle's website. While XRP appeared in a screenshot in the initial announcement, the token was not listed on the app's website as of press time."

    https://www.coindesk.com/circle-opens-access-to-investment-app-in-46-states/

  8. Hi Dane ,

    I think you nailed it . While all cryptos are plunged in a bear market , the financial elites are preparing the takeover of this technical revolution .
    I read somewhere that all the legal issues will be met before summer for most of the big funds to invest in the crypto market . Until then , I don't think we can see a real reversal of the actual downtrend .
    They want to be in at the better price , in the best conditions .
    So the legal arsenal of the crypto regulation will be in their favour , that's what they want .
    I'm not sure they can succeed , but at least they will try and influence the way things will move , in a global world of increasing tensions .
    I think the bottom will be hit around 0.35 for XRP and around 320-360 for Ethereum.
    The Bitcoin bubble has to be totally bursted before the next round . My opinion , nothing more.....

  9. Here is an MIT founded blockchain for handling supply chains. I'm having trouble reasoning whether its a competitor to Ripples products or if its focus is more to a supply solution solely.

    Supply chains are usually international in nature in a global world so it could encompass international or cross border payments, but they could also need financing for equipment upgrades, port upgrades and such also. Here are a few of their advertised product lines.

    "Supply Chain Finance - Eximchain Smart Contracts allow banks to verify the validity of orders placed with all upstream partners and suppliers and provide the necessary financing."

    "Sourcing - Eximchain Smart Contracts securely record historical data and transactions allowing suppliers to prove their reliability to buyers and rating institutions."

    "Inventory Management - Eximchain tools enable partners to seamlessly share demand and inventory information across a common ledger."

    https://www.eximchain.com/

    Here is a CoinDesk article on it.

    "Eximchain, a supply-chain focused blockchain startup founded in 2015, has raised $20 million from a group of investors.

    Founded at the Massachusetts Institute of Technology's media lab, the startup raised the funds to continue developing its own public blockchain - powered by private smart contracts - to provide different solutions for recording, transacting and distributing data for supply chain stakeholders.

    The funding was led by FBG Capital, a major cryptocurrency hedge fund from China. Other participants included INBlockchain, a blockchain capital firm founded by Li Xiaolai (a Chinese cryptocurrency activist) and Hong Kong-based investment firm Kinetic Capital."

    https://www.coindesk.com/mit-founded-startup-raises-20-million-for-supply-chain-blockchain/

    And in case there are any large scale crypto miners out there this may be of interest.

    "New York Power Providers Cleared to Hike Rates for Crypto Miners"

    https://www.coindesk.com/new-york-power-providers-cleared-to-hike-rates-for-crypto-miners/

  10. "R3 v. Ripple Lawsuit To Be Decided In NY As XRP Loses Its Appeal To CA Court"

    https://cointelegraph.com/news/r3-v-ripple-lawsuit-to-be-decided-in-ny-as-xrp-loses-its-appeal-to-ca-court

    Probably would have been better for Ripple if this case was heard in California given New Yorks recent positioning in regards to crypto mining and such. But that the R3 Consotium is trying so desperately to purchase 5 billion XRP for next to nothing shows the growing potential for Ripple and XRP.

    On the "business is war" side of things R3 is supposed to be a Ripple competitor so it's only fair to also provide the following article.

    "European Banks Complete First Live Securities Transfer On R3’s Blockchain Platform"

    "The Swiss-based Credit Suisse and Dutch-based ING financial service groups have successfully completed the first live transaction of 25 mln euros (around $30 mln) in securities on R3’s Corda Blockchain platform, according to Credit Suisse’s March 1 press release.

    Credit Suisse and ING transferred the legal ownership of Dutch and German government securities using HQLAX Digital Collateral Records (DCRs) on the HQLAX Corda-based collateral lending application.

    The transaction was executed by transferring the proprietary rights of HQLAX DCR-linked accounts containing “baskets of securities,” instead of the traditional way of transferring the individual securities themselves."

    Following Ripples lead..."Charley Cooper, a managing director at R3, told Reuters that the successful transaction was “far more than a proof of concept in a fenced lab.”"

    https://cointelegraph.com/news/european-banks-complete-first-live-securities-transfer-on-r3s-blockchain-platform

  11. I keep hearing people recently thinking that Amazon is going to partner with Ripple so I thought this article would be good to help with that.

    "Amazon Embraces Distributed Ledger Through R3, Shuns Other Blockchain Solutions"

    https://cointelegraph.com/news/amazon-embraces-distributed-ledger-through-r3-shuns-other-blockchain-solutions

    Either way companies who capitilize on trade imbalances like amazon, walmart, Alibaba to name a few, should have to eventually adopt digital assets to maneuver around trade tarrifs right?

    Or.......how will chinas petro yuan coming in late March mix things up? "China about to throw down the gauntlet to the petrodollar"

    https://www.rt.com/business/418638-china-yuan-oil-futures/

  12. https://www.zerohedge.com/news/2018-03-23/are-central-banks-about-open-floodgates-gold-and-cryptocurrency

    "Amidst central banks’ active reserve management skills, as elucidated above, a former central banker with the South African Reserve Bank believe in 2018, G7 central banks will start buying cryptocurrencies to propel their foreign reserves. Considering the recent popularity and upsurge witnessed in prices of cryptocurrencies, the former central banker predicts the special drawing rights and G7 country currencies will be forced to alter their foreign reserve weightages by ultimately including a basket of cryptocurrencies.

    Considering bitcoin was designed to enact as digital gold, he reckons G7 central banks will witness bitcoin and other cryptocurrencies turning out to be biggest international currency by market capitalization. It is felt that such massive popularity of cryptocurrencies can force central banks to call for emergency meetings to exercise their prerogative to deviate from the existing investment policy for reserve management and hence ultimately central bank money could pour into cryptocurrencies."

  13. Here is an area Ripple is rising above the rest.

    "Vitalik Wants You to Pay to Slow Ethereum's Runaway Growth"

    "Buterin's concept, described in a recent blog post, revolves around so-called "rent fees," whereby users would be asked to pay to use the network based on how long they'd like their data to remain accessible on the blockchain."

    "The current system as it stands is unsustainable."

    https://www.coindesk.com/vitalik-wants-pay-stop-ethereums-runaway-growth/

  14. "Mojaloop (building off the Swahili word “moja,” which means “one”) was created in partnership with fintech developers Ripple, Dwolla, ModusBox, Crosslake Technologies and Software Group, using cutting-edge technology such as the Interledger Protocol, a solution for settling funds among multiple providers across their individual systems. It joins other promising digital financial software, but is the first model that can help extend interoperability from mobile money providers to any bank, merchant or government institution in a customer’s economy in a way that specifically meets the needs of the poor."

    https://www.gatesfoundation.org/Media-Center/Press-Releases/2017/10/Bill-Melinda-Gates-Foundation-Releases-Open-Source-Software-to-Expand-Access-to-Financial-Services

    "Mojaloop"

    http://mojaloop.io/

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