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  • Could SBI be live tomorrow ? May 27, 2018
    Current SBI maintenance : https://www.sbivc.co.jp/info/maintenance_01.html Until today ? Could they be live tomorrow ? Could BG123's timer and its subreddit deactivation be linked to this event ? submitted by /u/netmaster2 [link] [comments]
    /u/netmaster2
  • USA CONGRESS, THE 2018 JOINT ECONOMIC REPORT , Crypto chapter 9 May 27, 2018
    submitted by /u/Vikingtwiz [link] [comments]
    /u/Vikingtwiz
  • Question - Could FI's moving to Ripple be a blind attempt to control decentralisation? May 27, 2018
    It just occurred to me, I have no alliance to one coin or another, XRP is a large majority of my portfolio while I also have BTC, and then spread the rest in swing trading. My reasoning behind this is that the centralisation of other coins such as BTC is well underway, we all know […]
    /u/MsHappyGirl3rd
  • Can someone help me understand interledger? May 26, 2018
    I’ve read some articles and watched some videos, but I still don’t really understand what it is, what are its advantages, and how it fits into Ripple’s larger plan. submitted by /u/flossboss666 [link] [comments]
    /u/flossboss666
  • IMF Deputy Managing Director Tao Zhang confirms: Central banks testing distributed ledger technology to make cross-border payments more efficient May 26, 2018
    On May 8th, The IMF (International Monetary Fund) Deputy Managing Director Tao Zhang hold a speech on Atlanta Federal Reserve Bank Conference. Topic: Digitization of Money and Finance: Challenges and Opportunities Full speech is available here: http://www.imf.org/en/news/articles/2018/05/08/sp050818-digitization-of-money-and-finance-challenges-and-opportunities He went through the folloging steps: First, I will discuss how financial services may be transformed by the […]
    /u/The-Foundation
  • Kuwait Finance House (KFH) joins RippleNet May 26, 2018
    Another addition. KFH is a bank that operates under Islamic Shari'a with around $55B in assets. I am assuming this announcement for xCurrent. https://twitter.com/KFHGroup/status/1000347465080541184 News articles https://alqabas.com/540946/ http://www.alanba.com.kw/ar/economy-news/835580/27-05-2018-%D8%A8%D9%8A%D8%AA%D9%83-%D8%A3%D9%88%D9%84-%D8%A8%D9%86%D9%83-%D9%83%D9%88%D9%8A%D8%AA%D9%8A-%D9%8A%D9%86%D8%B6%D9%85-%D8%A5%D9%84%D9%89-%D8%B4%D8%A8%D9%83%D8%A9-%D8%A7%D9%84%D8%B1%D9%8A%D8%A8%D9%84/ Translation: Basically it says that KFH is the first Kuwaiti bank to join RippleNet to provide its customers cross-borders transactions with less fees and less errors. submitted […]
    /u/Zuca1987
  • Mainstream Adoption of Blockchain Tech and Crypto Asset Investing May 26, 2018
    https://xrphodor.wordpress.com/2018/05/26/mainstream-adoption-of-blockchain-tech-and-crypto-asset-investing/ Will crypto ever be considered mainstream? I discuss this - along with recent progress for both Ripple & xrp - in today's blog. Hope you enjoy & please leave any feedback below. Thank you & Sincerely, -Hodor submitted by /u/Hodor7777 [link] [comments]
    /u/Hodor7777
  • Problem with SWIFT - Ripple is the future May 26, 2018
    submitted by /u/-Absent_Minded- [link] [comments]
    /u/-Absent_Minded-
  • Daily Ripple/XRP Discussion Thread 05/26/18 [Questions and Price Predictions] May 26, 2018
    Hello! It's Saturday. Welcome to our daily discussion thread. Put your commentary in here. Make sure to read the rules before you post: https://www.reddit.com/r/Ripple/wiki/rules Also, make sure to report any comments or posts that don't follow the rules! If you would like to have more discussions with Ripple supporters, please feel free to join our […]
    /u/AutoModerator
  • Please help regarding old Reppex XRP wallet. May 26, 2018
    From my old USB, I found 2 text files, which seems to be the private key of XRP wallet. I recall that I used a desktop XRP wallet, which was downloaded from Rippex.net. Unfortunately, Rippex stops its service. Anyone knows how to use the text files to retrieve XRP? submitted by /u/honeysyd [link] [comments]
    /u/honeysyd

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What Is Ripple ?

Ripple denoted as XRP is a peer to peer, open source and decentralized distributed system that transmits digital currency. Allow exchanges, payments, and remittance of funds. Ripple can be said to be both a currency and a payment system. Many banks, such as Santander, UBS, and UniCredit have adopted Ripple(XRP) as a payment network.

If you think, the two cryptocurrency giants ”Bitcoin and Ethereum” have taken all the juicy pies in the cryptocurrency market, you are in for a surprise because a customer-oriented currency has entered the arena and has taken the lead based on the current market capitalization. Ripple, the third largest cryptocurrency is currently worth over $10billion, and its token price has soared up to 3,300% over the last one year. This is an authoritative information you can bank on.

Ripple-like Bitcoin and Ethereum, all use a decentralized distributed system to transmit digital currency, providing transparency, security and immutability without the interference of the third party. But the similarities didn’t go beyond that; Ripple designed a unique platform for their customers.

TEAM

Ripple has a dynamic team who are so dedicated to making Ripple(XRP), a force to reckon with in the cryptocurrency market. We have on their team, Mr. Brad Garlinghouse (the CEO of Ripple and a member of the Board of Directors), Asheesh Birla(VP of Products).Mr. Patrick Griffin(the SVP of Business Development), Brynly Llyr(General Counsel of Ripple), Monica Long(VP of Marketing), John Mitchell(SVP of Global Sales), Antoinette O’Gorman(Chief Compliance Officer), David Schwartz(Chief Cryptographer), Stefan Thomas(the CTO), Marcus Treacher(Global Head of Strategic Accounts) and Ron Will(Chief Financial Officer).

 

Practical Uses of Ripple

Banks use XRP for financial transactions.

Ripple(XRP) is bringing a solution to the problem of international remittance.

Since some banks have started adopting blockchain technology, XRP is a plug and play solution to most financial challenges banks face.

You can use Ripple as a currency to purchase goods, transact with any buyer or seller for anything online.

XRP is used to make payment and source liquidity.

 

Mining of Ripple

When a cryptographic problem is solved by a miner or a group of miners as being practiced recently, a new block is being added to the blockchain. The miner or team of miners are being rewarded with the commiserate amount of ripples. Please note, anyone can mine ripple as long as your hardware meets the requirements, you have a stable internet connection and also have the technical know-how.

 

How Does the Mining Work?

XRP is made explicitly for payment and transfers of currencies, but people are getting more interested in mining ripple.

 

Here are some ways in which one can mine ripple:

Cloud Mining: This is one of the preferred methods of mine ripple. All you to do is to connect to a  datacenter with a shared power and begin to mine. The advantage of this is that you don’t need a hardware for mine. Many mining companies are using this platform today to scam people; so one needs to be careful. Carefully choose a trustworthy company, you can rely on and start mining ripple.

  Mining Pool:  This is one mining method, I recommend to newbies in the mining business. All you need to do is to join a mining group(pool) to start mining ripple. You can find such mining pool from any cryptocurrency forum. When the mining pool solves a cryptocurrency problem, the reward of a fixed amount of ripple is given to the mining pool, and it will be shared based on one’s effort in resolving the problem.

Notes for investors

In January 2014, the ripple was $0.022, and as of August 2017, the price has risen to $0.155. It shows a steady progress but on a snail movement. Cryptocurrency analysts have predicted that the price to skyrocket in the coming months and their prediction was based on the developmental stride the ripple team has made in the last couple of months.                                                                         The area ones need to consider whether to invest in ripple or not, is their partnership with some notable banks; it gives confidence and hopes that there is a future in ripple.

MUST READ!

This little report about ripple should not be seen as an endorsement to invest in ripple. Cryptocurrency investment is speculative and unpredictable, and it involves risks. The market is full of uncertainty, susceptible to attack and capital loss. There are many parameters one needs to check before investing. Don’t invest only based on what you have read here, but invest based on the fact that, you have sought advice. I wish you success!