Where your hard-earned money comes to die. Home.
|
 |
We might find out Bank of Kuwait is using actual XRapid XRP. Would change everyt
| irradiated tripping mediation center | 05/30/18 | | excitant pearly becky prole | 05/30/18 | | irradiated tripping mediation center | 05/30/18 | | curious cream public bath | 05/30/18 | | irradiated tripping mediation center | 05/30/18 | | Hyperactive library | 05/30/18 | | excitant pearly becky prole | 05/30/18 | | Hyperactive library | 05/30/18 | | irradiated tripping mediation center | 05/30/18 | | Tan field | 09/19/18 | | buck-toothed location trump supporter | 09/19/18 | | Tan field | 09/19/18 |
Poast new message in this thread
Date: May 30th, 2018 8:38 AM Author: irradiated tripping mediation center
CryptoCoinNews says details are murky and they may actually be integrating XRP not just XCurrent.
We should know soon enough. If it's XRP it's blast off time. Number one market cap no question. Probably back to 2-3 bucks overnight. Maybe more. Would svae the entire market.
(http://www.autoadmit.com/thread.php?thread_id=3989593&forum_id=7#36150505) |
 |
Date: September 19th, 2018 2:58 PM Author: Tan field
My understanding is that it's a proposed alternative to the nostro accounts used to facilitate international transactions & hedge exchange rate risk. Because XRP transfers settle in seconds with negligible transaction costs, WesternUnion, MoneyGram, and other large banks are considering it as a replacement for their nostro accounts. The big issue, however, is that Ripple hasn't explained how it will increase XRP-to-fiat liquidity. I imagine that's where xRapid comes in: It could be a forex broker offering XRP-to-fiat currency pairs to its international banking partners.
As the name implies, xRapid is probably a complete replacement for SWIFT. But, unlike SWIFT, xRapid has built-in transaction clearing & settlement functionality because it will use XRP. That still doesn't solve the XRP-to-fiat liquidity issue, which is why I think xRapid must be something more than a new version of SWIFT that clears & settles fund transfers natively and within seconds.
(http://www.autoadmit.com/thread.php?thread_id=3989593&forum_id=7#36841826) |
|
|