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Showing posts from October, 2017

How exactly is XRP going to work as a bridging digital asset?

Maybe this is obvious all along to some people. Anyway, I just figured this out. So I thought maybe it's worth sharing.

Previously I thought the bridging consists of two transactions, both on XRP ledger. One from fiat currency A IOU to XRP, the other from XRP to fiat currency B IOU.

Then I saw this:

So Miguel Vias said in the pilot they used liquidity on bitstamp and bitso. However it's seems the trading volume of XRP/bitso.MXN since the beginning of 2017 is so low that it's virtually no liquidity there. See this:

Then I realized, just like bitstamp, bitso has its own exchange and the liquidity there is much better.

So now it's clear to me there is another way for XRP to bridge cross-border payments. The originat…

More ILP news

An article about ILP posted on American Express's website. It could mean nothing. But I won't be surprised if AE turned out to be using ILP for real since there's already rumor about it.

everis (NTT Data) confirm their adoption of ILP as the Hyperledger Quilt Project

These news prove that Ripple's collaboration with Hyperledger to produce the Java implementation of ILP (Hyperledger Quilt Project) is a very brilliant move.

So what does that mean for XRP? If you are a long time XRP hodler, you probably have already known this. But if you don't: The more ledgers ILP connects, the more payment volume XRP will be able to bridge. See also this.

Ripple released Q3 XRP market report

The release caused the price to shot up vertically. Although it fell back a little shortly after.

The highlights of the report in my opinion are:
23 percent Q-o-Q volume increaseMore xRapid partnerships to be announced in Q4