Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
ETH heading to $100
Damn I just bought some last night!!!!
And I just converted my XMR to ETH last night too.
Had a dream I had a small position in ETC and it was heading up too.
ETC and ETH balling! Gonna take my 100% return on ETC and find a new low cost target.
With the uncertainty around BTC withdrawals I've changed my strategy to accumulate as much BTC as possible before any scarcity issues arise.
If Polo ever has to freeze withdrawals on BTC all Hell will break loose.
With the uncertainty around BTC withdrawals I've changed my strategy to accumulate as much BTC as possible before any scarcity issues arise.
If Polo ever has to freeze withdrawals on BTC all Hell will break loose.
as things become more main streat...it appears that all of these cryptos will be going up in value as more and more people learn and invest. americans are more skeptical and it will take a change in mindset or an economic recession to get them on board bc there will be a mad scramble to find safe havens for money esp if they start talking that bail in crap.
but in looking at the cryptos over the past year...man they all have grown. I'm diversified enough right now to start taking more weight on in my primary investments as soon as I find more money to invest.
Good looking bro; i would like to know what wallets are you holding these coins in; i have a ripple wallet but i need the others so that i can begin to purchase those coins as well
nano s ledger offline in a portable fireproof safe.
trezor is the best imho to hold btc only but I needed something with more crypto expansion.
Ok cool; that nano ledger holds all coins? or u just saying keep in safe offline? If thats the case I still have to send the coins somewhere; I dont wanna hold them on a site like poly only
I'm curious, why do you believe it will double ?
Ripple’s Focus on Innovation Is a Win for Banks
Ripple is taking strides to expand its network–and its technology offerings–in 2017.
According to Asheesh Birla, vice president of product for the enterprise blockchain solutions provider, this year “is all about expansion” to new clients, countries, and markets. The company is looking into integrating new technologies to further augment the speed and transparency of its network during the year, he added. Right now, Ripple is considering solutions that include artificial intelligence and machine learning.
“We have a very robust research team that is looking at ways to increase our efficiency—machine learning for fraud detection, compliance,” Birla told Bank Innovation. “We want to be on the forefront of machine learning and AI in the same way we are on the forefront of blockchain.”
Just yesterday, the company added 10 new banks to its roster, which will utilize Ripple’s technology for cross-border payments and remittance services, among others. The 10 additions bring the total number of Ripple’s network members–banks, and payments providers– to 75; the company collaborates with additional 90 banks across the globe.
“Our approach is a lot different than some of the other companies, who think of this [space] as only a technology problem,” Birla said.“These [banks] are already using our blockchain technology, and we are tackling other issues including standardization of the network rules.”
The new members include some of the world’s top payment service providers (PSPs) as well as traditional banks: Cambridge Global Payments, Star One Credit Union, Axis Bank, and BBVA, among others.
Ripple is one of the few blockchain startups to have made it out of the proof-of-concept phase, and the company’s focus on speed and innovation seems to have caught the financial industry’s attention. In fact, BBVA is already utilizing Ripple’s blockchain solutions to send real-time cross-border payments between Europe and Mexico (rather than conducting a test to see if that is possible, for instance); while Star One became the first credit union to offer Ripple remittances to its consumers (through eZforex.com, one of the other banks that just joined the network).
“BBVA is really going for the startups space, that has been taking market share away from them—they are blazing forward with adoption,” Birla said. “[Our clients] are pushing Ripple to expand faster—we don’t want the same user experience we have now just on Ripple, we want clients that will push us to innovate.”
- Grace Noto
- April 27, 2017
- 0
According to Asheesh Birla, vice president of product for the enterprise blockchain solutions provider, this year “is all about expansion” to new clients, countries, and markets. The company is looking into integrating new technologies to further augment the speed and transparency of its network during the year, he added. Right now, Ripple is considering solutions that include artificial intelligence and machine learning.
“We have a very robust research team that is looking at ways to increase our efficiency—machine learning for fraud detection, compliance,” Birla told Bank Innovation. “We want to be on the forefront of machine learning and AI in the same way we are on the forefront of blockchain.”
Just yesterday, the company added 10 new banks to its roster, which will utilize Ripple’s technology for cross-border payments and remittance services, among others. The 10 additions bring the total number of Ripple’s network members–banks, and payments providers– to 75; the company collaborates with additional 90 banks across the globe.
“Our approach is a lot different than some of the other companies, who think of this [space] as only a technology problem,” Birla said.“These [banks] are already using our blockchain technology, and we are tackling other issues including standardization of the network rules.”
The new members include some of the world’s top payment service providers (PSPs) as well as traditional banks: Cambridge Global Payments, Star One Credit Union, Axis Bank, and BBVA, among others.
Ripple is one of the few blockchain startups to have made it out of the proof-of-concept phase, and the company’s focus on speed and innovation seems to have caught the financial industry’s attention. In fact, BBVA is already utilizing Ripple’s blockchain solutions to send real-time cross-border payments between Europe and Mexico (rather than conducting a test to see if that is possible, for instance); while Star One became the first credit union to offer Ripple remittances to its consumers (through eZforex.com, one of the other banks that just joined the network).
“BBVA is really going for the startups space, that has been taking market share away from them—they are blazing forward with adoption,” Birla said. “[Our clients] are pushing Ripple to expand faster—we don’t want the same user experience we have now just on Ripple, we want clients that will push us to innovate.”
Here's an excerpt from this article
Japanese Banks to Test Blockchain Money Transfers Blockchain Using Digital Currencies
Samburaj Das on 27/04/2017
Japanese Banks to Test Blockchain Money Transfers Blockchain Using Digital Currencies
Samburaj Das on 27/04/2017
The Mizuho Financial Group, one of Japan’s three ‘megabanks’; Resona Bank, which belongs to the fifth-largest banking group in Japan and; the Bank of Yokohama, the largest regional bank in Japan, are some of the banks revealed to be taking part in the test.
Fundamentally, the test will help the banks determine if a digital currency-based blockchain platform would enable real-time, 24×7 domestic funds transfers at lowered costs for banks. Ripple’s XRP digital currency token could be utilized, with its claim to handle transactions up to 200x compared to that of the bitcoin blockchain.
The report also suggests that fund transfers over a digital currency-based blockchain would cost a tenth of the costs incurred by banks using the traditional Zengin system. The benefits of instant money transfers and transparency will also prove friendly to banks’ users if deployed commercially.
Aside from using Ripple, the banking group is also considering the possibility of creating a new virtual currency used exclusively by the participating financial institutions for the test. Details of any other digital currencies under consideration are currently scarce.
The report further reveals that the group is considering the digital currency-based blockchain platform for international fund transfers, to compete with Swift at significantly lowered costs. The threat of financial technology disruption has pushed Swift to unveil its own blockchain-based platform, powered by the Hyperledger Fabric, a solution developed by the Linux Foundaiton-led open-source blockchain consortium.
Fundamentally, the test will help the banks determine if a digital currency-based blockchain platform would enable real-time, 24×7 domestic funds transfers at lowered costs for banks. Ripple’s XRP digital currency token could be utilized, with its claim to handle transactions up to 200x compared to that of the bitcoin blockchain.
The report also suggests that fund transfers over a digital currency-based blockchain would cost a tenth of the costs incurred by banks using the traditional Zengin system. The benefits of instant money transfers and transparency will also prove friendly to banks’ users if deployed commercially.
Aside from using Ripple, the banking group is also considering the possibility of creating a new virtual currency used exclusively by the participating financial institutions for the test. Details of any other digital currencies under consideration are currently scarce.
The report further reveals that the group is considering the digital currency-based blockchain platform for international fund transfers, to compete with Swift at significantly lowered costs. The threat of financial technology disruption has pushed Swift to unveil its own blockchain-based platform, powered by the Hyperledger Fabric, a solution developed by the Linux Foundaiton-led open-source blockchain consortium.
Here's an excerpt from the latest interview by Miguel Vias
The Tumultuous Rise of Ripple’s XRP
April 27, 2017 By : Aman Trivedi
LTP: In general, what are the mid to long-term price targets envisioned for XRP by Ripple? We don’t need exact numbers, just an idea on the general sentiment would suffice.
Miguel: To be honest, I rarely think about the price. At this stage in the development of XRP, markets focusing too intently on price can be very distracting, internally and externally. Instead, I am squarely focused on helping companies around the globe solve their real time liquidity needs using XRP. By building XRP’s fiat liquidity, and making that liquidity available for payments, we ensure that XRP will become the institutional digital standard for international value transfer. From there, the price should take care of itself.
Ripple’s current stand which seeks to maximize XRP liquidity and its subsequent adoption without active engagement in price movements stands to be challenged not only by crypto “whales,” a discrete class of crypto-hoarders who make money by bringing about tectonic price shifts in cryptomarkets but also by a variety of Ponzi schemes which pump and dump coins on a rotation basis.
That being said, robust trading volumes and a large market capitalization has certainly provided some stability to XRP’s price over the last few days; however, as and when the overall crypto market expands from its current size of $30 billion (approx.), potential volatility risks might call for the company’s active involvement in XRP markets.
At least he's consistent on building liquidity. That's always been his main goal ever since Ripple hired him.
The Tumultuous Rise of Ripple’s XRP
April 27, 2017 By : Aman Trivedi
LTP: In general, what are the mid to long-term price targets envisioned for XRP by Ripple? We don’t need exact numbers, just an idea on the general sentiment would suffice.
Miguel: To be honest, I rarely think about the price. At this stage in the development of XRP, markets focusing too intently on price can be very distracting, internally and externally. Instead, I am squarely focused on helping companies around the globe solve their real time liquidity needs using XRP. By building XRP’s fiat liquidity, and making that liquidity available for payments, we ensure that XRP will become the institutional digital standard for international value transfer. From there, the price should take care of itself.
Ripple’s current stand which seeks to maximize XRP liquidity and its subsequent adoption without active engagement in price movements stands to be challenged not only by crypto “whales,” a discrete class of crypto-hoarders who make money by bringing about tectonic price shifts in cryptomarkets but also by a variety of Ponzi schemes which pump and dump coins on a rotation basis.
That being said, robust trading volumes and a large market capitalization has certainly provided some stability to XRP’s price over the last few days; however, as and when the overall crypto market expands from its current size of $30 billion (approx.), potential volatility risks might call for the company’s active involvement in XRP markets.
My thinking is that the demand for ethereum will remain steady and increase. But my reasons are
1. They have a corporate backing and partnerships much like ripple in the banking space.
2. It's a platform with smart contracts as oppose to pure payment
3. Gnosis which is built on the ethereum platform just had an auction on Monday for ~250k tokens around $30. You could only pay with ether. I think that's one of the highest ICO's to date.
4. The UN and other organizations are looking at using ether to distribute funds to displaced folks via cellphones.
5. Ethereum is looking to move from a proof of work (mining) model to proof of stake(owners). Not sure how that works exactly I believe owners will be able to run master nodes to process transactions and of course collect transaction fees $$$???? How secure I don't know. But also with proof of stake you won't have sudden influxes of mined coins hitting the market making the price fluctuate. The amount of the ether supply will remain steadier under the stake method.
I'm sure there's more info either way but just want to add to the discussion. I just checked polo it's at almost 68.00. Only 30.00 more to go lol
this is weird but the circulating supply has dropped by 20000+ ripples...
3
Ripple has been slowly gaining steam since early this morning and still on the move
@ .042 and climbing on polo
I ain't mad at all
@ .042 and climbing on polo
just cleared $0.04 on their official site
https://charts.ripple.com/#/markets...ZzP3Aw4Eubs59B?interval=5m&range=1d&type=line
Somebody knows something, shit just starting moving by itself without any news or speculations like it did a month ago tomorrow!
there was a bit of news posted in here earlier today
XRP is on a Tear....I bought More Today before the Run
If you got the cash, I would buy as much bitcoin as you can. It's probably alway going to fluctuate, but seems like it will be a good long term investment in the end. That's what I plan to do.
Yeah, for some reason even though I look at Bitcoin everyday, I keep forgetting to keep money in it.
Got this screengraph from another site.
This ought to give some insight into which banks are doing at whatever stage with Ripple. Not all banks have gone "live" just yet. YET!!!
There are a few banks still in the proof of concept phase with XRP. Keep in mind, I personally didn't expect to see much movement until the fall. I'm happy I jumped in early.
So for people who keep asking is this still a good investment to get into at $0.04, I give em that Shaka King look
This ought to give some insight into which banks are doing at whatever stage with Ripple. Not all banks have gone "live" just yet. YET!!!
There are a few banks still in the proof of concept phase with XRP. Keep in mind, I personally didn't expect to see much movement until the fall. I'm happy I jumped in early.
So for people who keep asking is this still a good investment to get into at $0.04, I give em that Shaka King look
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Got this screengraph from another site.
This ought to give some insight into which banks are doing at whatever stage with Ripple. Not all banks have gone "live" just yet. YET!!!
There are a few banks still in the proof of concept phase with XRP. Keep in mind, I personally didn't expect to see much movement until the fall. I'm happy I jumped in early.
So for people who keep asking is this still a good investment to get into at $0.04, I give em that Shaka King look
I would give this 20 damn likes if I could!!!
BTW WHERE DID YOU GET THIS INFO?????
Good info bruh @HeathCliff
[GALLERY=]
[/GALLERY] Allow me to stunt for a little bit.