That's insane, I have chase and it only cost me $35 to wire $10kMe too. Fucking wire transfers fees are crazy though. $40 per $100
That's insane, I have chase and it only cost me $35 to wire $10kMe too. Fucking wire transfers fees are crazy though. $40 per $100
That's insane, I have chase and it only cost me $35 to wire $10k
I hope so manIt seems wild that this is the main reason Ripple will change the game...
That's insane, I have chase and it only cost me $35 to wire $10k
I used Kraken, which is in the country. You only wired $100?
i figured it out. go to this page and click the operating system you're using. https://rippex.net/carteira-ripple-eng.php#/
you have to use google CHROME to translate the site. they are pretty responsive as I was having issues and they got me squared away. everything has to be translated but after some exploring, it was ok for a offline wallet.
we will have to keep an eye on this. ONE KEY POINT IN THE ARTICLE read that it will take away the anonymity and privacy of the users and will be set automatically at 1 yen. that's not a good look bc there is no flexibility there in a set digital currency. so if the ripple or bitcoin gets to 1 coin is equal to 10 million yen, then they have to pay out at that rate...dunno maybe I don't understand enough yet to know how this will work in saipan.
but either way it gives even more legitimacy to digital currency, its usefulness and acceptance is gaining ground.
all of us just need to keep an eye on things as they progress. I binge watched all the bitcoin movies. based on the market in china, when it blows, its going to drive bitcoin through the roof. so I recommend everyone own at least 1 bticoin. the Chinese guy that was interviewed stated tha1 bitcoin would be worth 1 million dollars in 10 years bc we are still early in the market. take that with a grain of salt. but I could see it easily reaching 50-100K if china techies jump on it.
regarding all the digital currencies I like:
bitcoin - definite buyat least 1 --> watch the bitcoin movies on amazon prime. they do a good job of explaining the whole bitcoin concept, history, and challenges.
ethereum (not the classic) - definite buy
ripple i definite buy
****keep in mind some of the currencies are designed to do different things and are targeted for that market.
1) ethereum is a programmable cryto currency, can be customized, and will be hot if picked up by major institutions that need multiple block chain calculations at a high rate and can hash off several branches of that chain.
2) bitcoin is still the choice for privacy and anonymity.
3) ripple will target banks and financial institutions that need to move money securely, accurately, and faster than the current swift system.
I selected the currencies based on the way I understood their target market and their purpose and am very happy I got in on this rocket before it really took off. no one can tell how this is all going to shape up...BUT there is a future in crypto currency.
If I have missed anything FAM let me know.
special thanks and shout out to the BGOL FAM for putting me the trail of this. I am learning a boatload of info and have even gotten some my old contractor friends on boards. we trying to get to the level where we can start multiple streams of income.
Excellent Read on Ripple vs Swift
https://www.linkedin.com/pulse/ripple-vs-swift-payment-revolution-david-blair
Coinbase has a NY License Now
http://www.coindesk.com/bitcoin-exchange-coinbase-receives-bitlicense/
FYI - The IRS is going after all these currency
Firms to get information on investors.
Shit getting real
And this is exactly my fears of what we were discussing earlier in the thread. I know all central banks globally were making their own digital currencies. Moving away from cash period.
And this is exactly my fears of what we were discussing earlier in the thread. I know all central banks globally were making their own digital currencies. Moving away from cash period.
Think that briefly these coins or crypto currency will still exist, but they will fight tooth and nail to get rid of it.
The way the IMF spoke on Bitcoin in the past was very telling. It has no future in "their" future of where the world is going. So if the people keep using it, then it's value will endure.
Think Bitcoin will have a long future. It's the others, to be adopted, is what I worry about. And if Ripple will be readily used by banks. These mofo's will use a technology and have their own internal system. Is why I'm skeptical that they will use Ripple and show us their hand.
Also note, by time those currencies are released by the banks, we will, the whole world, should be in a gold backed or asset backed society. No longer backed by a fiat system.
From what I've read so far you are correct about banks using Ripple.Although they could use a xrp, nothing is forcing them to do so. That is why I decided to buy some xrp, but not to go overboard. Also, the supply is massive so it may never increase to a respectable price without being backed by banks.And this is exactly my fears of what we were discussing earlier in the thread. I know all central banks globally were making their own digital currencies. Moving away from cash period.
Think that briefly these coins or crypto currency will still exist, but they will fight tooth and nail to get rid of it.
The way the IMF spoke on Bitcoin in the past was very telling. It has no future in "their" future of where the world is going. So if the people keep using it, then it's value will endure.
Think Bitcoin will have a long future. It's the others, to be adopted, is what I worry about. And if Ripple will be readily used by banks. These mofo's will use a technology and have their own internal system. Is why I'm skeptical that they will use Ripple and show us their hand.
Also note, by time those currencies are released by the banks, we will, the whole world, should be in a gold backed or asset backed society. No longer backed by a fiat system.
I don't see Bitcoins going away by the people, it is heavily used, the most used crypto currency globally, the movies CurtDawg posted are very telling of where things started and where they are going. My only gripe is what those that run things have in store with the entire crypto currency. They want control and they lose it with these.From what I've read so far you are correct about banks using Ripple.Although they could use a xrp, nothing is forcing them to do so. That is why I decided to buy some xrp, but not to go overboard. Also, the supply is massive so it may never increase to a respectable price without being backed by banks.
I haven't really decided how many bitcoins I will buy yet. Mainly because everyone has different dates for where they think the value will go. It just comes off as people trying to pump the coin up to a point where they can dump it.however, more places do seem to be adapting bitcoins or as you said investing in the technology.
I've still been telling people about it though, but of course no one is interested. It amazes me that people will play the lottery or go to cosinos but will not risk money to invest.
I don't think it is necessarily going away but the question is what will the value be for those of us who are just now starting to invest.I don't see Bitcoins going away by the people, it is heavily used, the most used crypto currency globally, the movies CurtDawg posted are very telling of where things started and where they are going. My only gripe is what those that run things have in store with the entire crypto currency. They want control and they lose it with these.
Their ultimate goal is transparency to reduce crime and ultimately continue benefiting from any transaction, anywhere.
As far as banks getting rid of the existing Swift system which was in place taking time to do transfers, there has been a new system already in place, it's just to go LIVE. I have been on this stuff of global finance for some time.
As shown here:
====================
https://www.swift.com/news-events/p...-of-its-global-payments-innovation-initiative
12 January 2017
SWIFT explores blockchain as part of its global payments innovation initiative
Proof of Concept launched to determine if distributed ledger technology could help banks reconcile their nostro databases in real time
Brussels, 12 January 2017 – SWIFT announces the launch of a Proof of Concept (PoC) to explore whether distributed ledger technology (DLT) can be used by banks to improve the reconciliation of their nostro databases in real time, optimising their global liquidity.
Under the current correspondent banking model, banks need to monitor the funds in their overseas accounts via debit and credit updates and end-of-day statements. The maintenance and operational work involved represents a significant portion of the cost of making cross-border payments. This PoC will test whether distributed ledgers may be able to help banks reconcile those nostro accounts more efficiently and in real time, lowering costs and operational risk.
As part of SWIFT’s global payments innovation (gpi) initiative, which seeks to deliver a new standard in cross-border payments, the new PoC was scoped in collaboration with leading correspondent banks. SWIFT gpi member banks can apply to participate in this PoC, set to launch in early 2017.
“Whilst existing DLTs are not currently mature enough for cross-border payments,[1] this technology, bolstered by some additional features from SWIFT, may be interesting for the associated account reconciliation,” says Wim Raymaekers, Head of Banking Market and SWIFT gpi at SWIFT. “This PoC gives us the opportunity to test DLT and determine if it can be applied to this particular use case.”
This PoC gives us the opportunity to test DLT and determine if it can be applied to this particular use case.
Wim Raymaekers, Head of Banking Market and SWIFT gpi at SWIFT
SWIFT will deploy open-source Hyperledger[2] technology, and combine it with key SWIFT assets to bring it in line with the financial industry’s requirements. Using a private blockchain in a closed user group environment, with specific user profiles and strong data controls, user privileges and data access will be strictly governed.
Damien Vanderveken, Head of R&D, SWIFTLabs and User Experience at SWIFT, adds: “SWIFT will leverage its strong governance, PKI security scheme, BIC legal identifier framework and liquidity standards expertise to deliver a distinctive DLT PoC platform for the benefit of its community.”
SWIFT will leverage its strong governance, PKI security scheme, BIC legal identifier framework and liquidity standards expertise to deliver a distinctive DLT PoC platform for the benefit of its community.
Damien Vanderveken, Head of R&D, SWIFTLabs and User Experience at SWIFT
SWIFT gpi was launched in December 2015 to deliver a new standard in cross-border payments. With more than 90 banks signed up, representing more than 75 percent of SWIFT’s cross-border payments traffic, the initiative has seen tremendous industry support and is set to go live in early 2017.
The question is, is Ripple what they are using or what. This should be launched within a month or so. And SWIFT isn't going anywhere, they are a staple of the system. Meaning they wouldn't allow anyone try to edge out what they do. Which really leads me to believe XRP may be what they plan to use.I don't think it is necessarily going away but the question is what will the value be for those of us who are just now starting to invest.
I'm aware of the new SWIFT system but people still believe Ripple has the better system. It's just that SWIFT is already in place.
The question is, is Ripple what they are using or what. This should be launched within a month or so. And SWIFT isn't going anywhere, they are a staple of the system. Meaning they wouldn't allow anyone try to edge out what they do. Which really leads me to believe XRP may be what they plan to use.
The question is, is Ripple what they are using or what. This should be launched within a month or so. And SWIFT isn't going anywhere, they are a staple of the system. Meaning they wouldn't allow anyone try to edge out what they do. Which really leads me to believe XRP may be what they plan to use.
strongly reinforces what many of us have said re: the potential waiting period for this to payoff...
more details...
http://bravenewcoin.com/news/mckins...al&utm_source=twitter.com&utm_campaign=buffer
*edit*
there are so many other blockchain technology investment opportunities...trying to soak in as much as I can...
http://www.blockchaintechnologies.com/blockchain-investments
I feel because of the financial systems who are in bed with this, it's going to stay around within a number.
What I look at is there is XRP taken away at every settlement of a transaction. So imagine a bank moving 500k USD in XRP and the coin now was at a dollar. I forgot how many are used, but if you get where I'm going. They destroy some XRP for every transaction. So it hits a dollar, or 10 or 100.
What do you think.
Bro explain what you mean by ripples being taken away or destroyed after every transaction; im not sure I understand and I havent read or heard this before...I get that, I was asking about it blowing up as in the rate per coin.
I can't remember what amount of Ripple is destroyed per transaction, but there's a percentage. So a bank is moving 500k from one country to another. Let's say they take 5 coins and the coins value $100 a piece. A bank isn't paying that to move the funds.
I was talking about it hitting these high numbers. Unless I'm missing something. I just feel like they will try to keep this coin in a certain number/rate because of that very reason.
Swift is a staple for sure; but that doesnt mean anything other than that; there have been plenty of "staples" in all different types of industries that have gone away or faded to the back because of newer better technology; for example, ask the taxi industry; its folding right before our eyes....The question is, is Ripple what they are using or what. This should be launched within a month or so. And SWIFT isn't going anywhere, they are a staple of the system. Meaning they wouldn't allow anyone try to edge out what they do. Which really leads me to believe XRP may be what they plan to use.
In order to stop hackers from a DDOS type attack and crash the system, they devised the way each transaction is processed, the "fee" is to destroy a few ripple with every transaction. Goes according to how many are in the transaction that way if someone was a hacker doing hundreds of thousands of hits at once, it would cancel out the amount eating away at the Ripple.Bro explain what you mean by ripples being taken away or destroyed after every transaction; im not sure I understand and I havent read or heard this before...
well dam thanks bro; I didnt know that...In order to stop hackers from a DDOS type attack and crash the system, they devised the way each transaction is processed, the "fee" is to destroy a few ripple with every transaction. Goes according to how many are in the transaction that way if someone was a hacker doing hundreds of thousands of hits at once, it would cancel out the amount eating away at the Ripple.
It's a failsafe system which is why banks became attracted to it. It's like it's fair proof system.
Can search it but found this discussion
https://www.xrpchat.com/topic/719-how-are-xrps-destroyed/
Hear you, it's just a few things about I'm aware of for some time. I just know they are very heavily part of things coming. Already been in the works for over a year. Following Basel III compliance, they have to be in place.Swift is a staple for sure; but that doesnt mean anything other than that; there have been plenty of "staples" in all different types of industries that have gone away or faded to the back because of newer better technology; for example, ask the taxi industry; its folding right before our eyes....
And this is exactly my fears of what we were discussing earlier in the thread. I know all central banks globally were making their own digital currencies. Moving away from cash period.
Think that briefly these coins or crypto currency will still exist, but they will fight tooth and nail to get rid of it.
The way the IMF spoke on Bitcoin in the past was very telling. It has no future in "their" future of where the world is going. So if the people keep using it, then it's value will endure.
Think Bitcoin will have a long future. It's the others, to be adopted, is what I worry about. And if Ripple will be readily used by banks. These mofo's will use a technology and have their own internal system. Is why I'm skeptical that they will use Ripple and show us their hand.
Also note, by time those currencies are released by the banks, we will, the whole world, should be in a gold backed or asset backed society. No longer backed by a fiat system.
reading that article above about the difference between ripple and swift; it seems like ripple is getting rid of a lot of fees that are not needed; now I dont know if the banks will like that or not;Hear you, it's just a few things about I'm aware of for some time. I just know they are very heavily part of things coming. Already been in the works for over a year. Following Basel III compliance, they have to be in place.