Putin Objections to Dollar as Reserve Currency:
IMF Chief on Digital Disruption:
Chicago Economics Society IMF Discussion:
World Debt Clock:
I break down my thoughts on a down market in October, as well as some exciting connections related to Ripple, payment hubs, and software integrators.
A KEY POINT LEFT OUT OF THIS VIDEO:
TIPS is going live with Instant Payment Settlement on Nov. 30th. This is 10 days after SWIFT's SR2018 becomes a mandatory upgrade or banks will be unable to use SWIFT. It looks like SR2018 is Required for TIPS (which has plugged Ripplenet into it's S/W) to go live 10 days later, which is going to flood Ripplenet/XRP with volume.
Faster Payments Taskforce RFP Response:
TIPS Instant Payment Slides:
SWIFT African Payments Document:
Ripple CEO Brad Garlinghouse discussing Xrp coin working with banks and regulations on ripple. Later on in this discussion you will see things start to heat up as there seem to be some back and forth with brad and coinbase VP Adam white.
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If you were to invest $1.000 in Ripple XRP today, how much money could you expect to make? Let's look at 8 possible scenarios!
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Can Ripple XRP Make You A Millionaire?
A transformation equivalent to the impact of the printing press and the internet is currently underway. Ripple is the company at the epicenter of this paradigm shift. Do yourself a favor and start learning about the changes underway. Your financial freedom depends on it.
A very interesting memo was attached to one of Ripple's escrow transactions on October 1st. It's implications are profound and far reaching.
Update: The September 26 date + 56 days is November 21st not December 21st. I misread that, and apologize for the mistake. I think it's still pointing to global adoption after the swift update.
In this video I dive into the meaning of these two memos, give a summary of the BGs and their clues, along with a basic explanation of the latest Ripple Riddler video.
I walk through a couple of videos from SWIFT related to GPI and hopefully help you all understand the changes that are coming, and what shape the integration between SWIFT and Ripplenet may take. There are still plenty of unknown specifics and details, but I think we're getting a pretty solid picture of what's on the way.
Watch this video to find out my theory on why the marker is stagnant!
It's hard to predict the next few months...it get's easier to predict the next few years!
Obviously, this is not financial, legal, tax, or investment advice. Do your own research!
Bakkt and Fidelity Will Bring an ‘Enormous Amount of Capital’ Into Crypto: Pantera Capital CEO
#bitcoin #cryptocurrency #bullrun #bakkt, #fidelity
bitcoin, cryptocurrency, crypto, altcoin, altcoin daily, blockchain, decentralized, news, best investment, top altcoins, ripple, ethereum, electroneum, tron, stellar, binance, is bitcoin a good investment, why isn't the market moving, why hasn't the bitcoin bull run started, market theory, what is bitcoin, news, monday, 10/22, October, november, december, january, 2018, 2019, 2020
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How much money is wire transferred every year worldwide?
Historical Data For XRP
SWIFT: The Society for Worldwide Interbank Financial Telecommunication provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment.
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SWIFT - Cross-border payments are currently slow, expensive and opaque. Ripple offers first class efficiently priced payments using a variant of blockchain technology. In response, SWIFT has launched GPII, same day credit of funds, up front pricing and payment tracking.
The results from SWIFT are less than impressive.
SWIFT made every attempt to compete against Ripple's cross boarder technology but could not meet the standard. As a result, the project has been put on hold.
“It is a strategic priority for SWIFT to work with new technologies like DLT and incorporate them into key solutions like gpi”, said Stephen Gilderdale, Chief Platform Officer, SWIFT. “We are already working on new PoCs and will continue our R&D efforts to ensure that SWIFT customers will be able to leverage their existing SWIFT infrastructure and connectivity to benefit from blockchain services, whether offered by SWIFT or by third parties, on a secure and trusted platform.”
Ripple caused a stir in the payments industry in April by teaming up with Banco Santander to launch a service based on its blockchain messaging technology that allows the Spanish bank’s customers in the UK, Spain, Poland and Brazil to send money in many currencies around the world.
“There were some pain points experienced by our customers when making cross-border payments that we wanted to address with the new OnePay FX service,” says Ed Metzger, head of innovation, technology and operations at Santander UK. “We have had very positive feedback and good take-up. It gives the customer much more certainty over how much money will arrive in the destination account.”
"A SWIFT partnership will never happen, Ripple says. It simply has nothing to offer." -- Ripple
SWIFT network security is also somewhat outdated. Glaring incidents in the past have highlighted the lack of network oversight, and how easy it is to simply plug into SWIFT. The most famous incident might be the Bangladesh Central Bank heist which almost lost $1 billion, but was interrupted after only $100 million had been siphoned off. The heist was pulled off largely thanks to security holes in the SWIFT network.
#swift #ripple swift #swift xrp #broken financial system
In this video we take a look at the global landscape and some likely storms on the horizon. I get into some wealth preservation strategies, and discuss what I think caused last week's XRP price gains. I also give you a few things to look for to possibly confirm xRapid early launch by Ripple.
Housing Crash in China Eminent?
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UPDATE: Someone suggested the term token may be referring to the security key fob. After thinking about it, I think this is correct. Hate to back down from such an exciting claim, but that's likely correct. https://en.wikipedia.org/wiki/RSA_SecurID - RSA is the number one vendor in the space and they refer to their access keys as "tokens". It's clear to me that's what SWIFT is talking about in the slide. Everything else still stands. I'm leaving the video up because everyone makes mistakes, and its' important to recognize and acknowledge that. On the flip side, It's a very poorly worded slide.
Instead of "using tokens today on internet" it should be something like "using tokens today for access over the internet" That would make the slide much clearer. Sorry for the confusion folks.
SWIFT GPI: https://businessdocbox.com/Business_Software/67042722-Swift-gpi-making-your-cross-border-payments-faster-more-transparent-and-traceable.html
SWIFT GPI Aug. 2018: https://www.swift.com/resource/swift-gpi-overview-august-2018 - https://www.swift.com/resource/swift-gpi-brochure
Swift/Ripple Integration Hint: swif_gpi_brochure_march_2018.pdf