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If #XRP eliminates settlement risk because of its fast speed, then why does Ripple use Slippage Pools and Failure Wallets??
Any thoughts?
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@LachlanH14 @VersanAljarrah does not matter they are not using xrp . both networks dont need xrp to utilize payments
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@wind49855467 @VersanAljarrah Ripplenet has far less capacity than XRPL.
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🚨🚨🚨 This Is NUTS! There Isn't Enough XRP For New Retail Investors! Test Conducted With ONLY 150 Banks Puts XRP At $100 #XRP #XRPHolders #XRPCommunity #XRPArmy
youtu.be/0oIxLOuGV0A
YouTube
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If given the opportunity to get out with dignity, take it before you embarrass everyone.
Howard Bashman@howappealing
The orders and statement that the Federal Circuit issued in this matter today are something I haven't seen anything like in the 20+ years that I have been running the "How Appealing" blog: cafc.uscourts.gov/statement-of-t… cafc.uscourts.gov/wp-content/upl… cafc.uscourts.gov/wp-content/upl…
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🚨YES, THEY CAN USE #XRP in #Ripplenet🚨
#RippleNet utilizes blockchain technology to provide financial institutions around the world the ability to move funds around, intending to build a unified global payments system.
#RippleNet aims to solve these problems by offering one decentralized global network of banks for all to use. By connecting to the network via an application programming interface (#API), users can allegedly move their money around internationally faster and cheaper than traditional methods.
#RippleNet removes the need to pre-fund accounts with on-demand liquidity (#ODL), its service that uses #XRP to source liquidity instead.
#RippleNet is a closed network of institutions that have contracts with #Ripple. The #XRPL is a public blockchain that is open to anyone to use however they please. Transactions on #RippleNet are private. Transactions on the #XRPL are public.
THEY ALL START WITH PHASE 1 = #XCURRENT
#xCurrent focuses specifically on banks, providing them with cross-border payments at a lower cost than traditional international settlements. #xCurrent is designed to fit within banks’ existing compliance and risk capabilities, streamlining the installation process. The #xCurrent system can break down even further into four components: Messenger, FX Ticker, Validator and InterLedger Protocol (#ILP).
WHEN #XRP WILL HAVE CLARITY IN THE USA AND #RIPPLE WILL FINISH TO FIX THE PLUMBING IN EACH JURISDICTION LIKE (#FEDNOW). THEY WILL MOVE TO PHASE 2 = #ODL/#XRP GLOBALLY !
AFTER THIS! YES WE CAN SETTLE GLOBALLY WITH #XRP. THAT'S THE ENDGAME!
While #xCurrent provides cheap and fast cross-border payments, #XRP ensures customers can source liquidity. Traditional finance methods require businesses to pre-fund accounts in foreign destinations, as it can take weeks to convert one fiat into another. #XRP offers near-instant conversions, freeing up liquidity in a process also known as #ODL and removing the need for businesses to pre-fund foreign areas, keeping that money in its accounts instead.
Right now #XRP is used but not by the big banks and the big players. The big banks and the big players are all in the US 😂 That's why we need clarity in the US even if we have clarity all over the world.
@JoelKatz - TransferGo, mercuryFX and GoLance use #RippleNet with #ODL to settle their payments instantly (under two minutes) using #XRP in the middle of the payment.
Everything that #Ripple build is for #XRP :)
So people that say that #XRP is not used through #Ripplenet, are clueless.
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🚨THREAD🚨
1/6 This @JoelKatz tweet doesn't talk about the #XRP escrow because #Ripple doesn’t own the escrow even though they have been releasing 1 billion a month since 2016. The #XRP escrow is controlled by the trusted validators and not #Ripple.
David 'JoelKatz' Schwartz@JoelKatz
@JayVTheGreat There is nothing else Ripple can realistically do with its XRP and the general consensus is that it would be better if Ripple held less XRP.
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🚨STOP THE FUD 🚨 #ODL and #LiquidityHub go together! #XRP was not mentionned and what's the porblem ? people forget quickly and the big #XRP Twitter accounts are creating FUD for nothing.
#Ripple's Liquidity Hub = Remove the need to hold pre-funded capital positions with multiple liquidity venues = #XRP
Banks require corporate customers to pre-fund accounts in local currencies on each side of a payment to provide the liquidity necessary for a transaction to vendors, suppliers, employees, etc.
#Ripple’s On-Demand Liquidity (#XRP) solution helps free trapped capital for SMEs by leveraging crypto-enabled payments for faster, more reliable cross-border capital flows. Available 24/7, global transactions settle in seconds, not days, which dramatically reduces costs, increases transparency and reduces pre-funding requirements.
Tranglo—a leading cross-border payments specialist in Asia—has eliminated pre-funding requirements for partners in more than 20 countries with #ODL = #XRP
With #Ripple's On-Demand Liquidity (#XRP) solution, Lemonway is able to improve operational efficiency by eliminating the need to pre-fund offshore accounts.
With #LiquidityHub and #Ripple’s suite of products, businesses can access optimized crypto liquidity and an extensive payout rail network to power crypto payments, crypto treasury operations, and a variety of other solutions. = Corporate treasury teams can leverage crypto solutions for business like #ODL to improve cash flow planning, enhance commercial terms and help suppliers factor their receivables.
For companies seeking simpler, more optimized treasury operations, #ODL offers superior liquidity, faster and more affordable settlement with reduced pre-funding and access to value-added services like Line of Credit.
Everything #Ripple is setting up is for #ODL so #XRP. they will never say it and the clowns on twitter want it to be written on a PDF to believe it.🤡😂
What do yout hink @digitalassetbuy ?
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@WillyWonkaXRP you know odl is an instant buy and sell and has nothing to do with xrp price right?
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@MichaelXBT what is your max target for xrp?how far do you think it can run until june?
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