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Same question: Are they using XRP? Answer: No. Brad Garlinghouse reminds me so much of Dick Costolo. He'll keep allowing Ripple Deals(bots) to increase the va

Same question: Are they using XRP? Answer: No. Brad Garlinghouse reminds me so much of Dick Costolo. He'll keep allowing Ripple Deals(bots) to increase the valuation of the company unwarranted. The banks and no-one I've talked to in fintech has indicated to me any serious adoption of XRP.

shepardrtc 9y ago
What? From a Fortune article about this [1]: > The partnership will see MoneyGram pilot the use of XRP through a new Ripple service, called xRapid [1] http://fortune.com/2018/01/11/ripple-moneygram-xrp-cryptocurrency-bank-transfers/ http://fortune.com/2018/01/11/ripple-moneygram-xrp-cryptocur...
hsod 9y ago
huh? "MoneyGram will pilot the use of XRP, the native digital asset of the XRP Ledger, in payment flows through xRapid, Ripple's solution for on-demand liquidity." http://ir.moneygram.com/releasedetail.cfm?ReleaseID=1054088 http://ir.moneygram.com/releasedetail.cfm?ReleaseID=1054088
free-trampolin 9y ago
Wrong. They use Ripple's xRapid which utilizes XRP. This is (after cuallix) the second company that uses XRP for money transfer.
- mkirklions 9y ago
  Thanks for posting this, this is my understanding. Ripple is the company that controls 61% of the worlds XRP. XRP is the medium to move money. While I personally dont like centralized currency, this is how ripple works. Ripple basically decides the price of their own currency since they have sooo much supply.
  - shepardrtc 9y ago
    Wrong. They locked away 55 billion XRP and are releasing a certain amount monthly for purchase by investors and institutions. If that XRP is not purchased, it goes back into escrow. https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/ https://ripple.com/insights/ripple-escrows-55-billion-xrp-fo...
  - free-trampolin 9y ago
    Unlike other fraudelend coin startups, Ripple made its self subject to regulations. They cannot simply put all their XRP onto the open market. The 55bn locked in escrow are meant to be sold to institutions partnering Ripple, as other comments have already stated. Regulations aren't a bad thing. They are mandatory and prevent us from being scammed in many cases. The only thing you can blame Ripple for is the insane amount of ripples their founders are holding.

shepardrtc 9y ago

What? From a Fortune article about this [1]: > The partnership will see MoneyGram pilot the use of XRP through a new Ripple service, called xRapid [1] http://fortune.com/2018/01/11/ripple-moneygram-xrp-cryptocurrency-bank-transfers/ http://fortune.com/2018/01/11/ripple-moneygram-xrp-cryptocur...

hsod 9y ago

huh? "MoneyGram will pilot the use of XRP, the native digital asset of the XRP Ledger, in payment flows through xRapid, Ripple's solution for on-demand liquidity." http://ir.moneygram.com/releasedetail.cfm?ReleaseID=1054088 http://ir.moneygram.com/releasedetail.cfm?ReleaseID=1054088

free-trampolin 9y ago

Wrong. They use Ripple's xRapid which utilizes XRP. This is (after cuallix) the second company that uses XRP for money transfer.

mkirklions 9y ago
Thanks for posting this, this is my understanding. Ripple is the company that controls 61% of the worlds XRP. XRP is the medium to move money. While I personally dont like centralized currency, this is how ripple works. Ripple basically decides the price of their own currency since they have sooo much supply.
- shepardrtc 9y ago
  Wrong. They locked away 55 billion XRP and are releasing a certain amount monthly for purchase by investors and institutions. If that XRP is not purchased, it goes back into escrow. https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/ https://ripple.com/insights/ripple-escrows-55-billion-xrp-fo...
- free-trampolin 9y ago
  Unlike other fraudelend coin startups, Ripple made its self subject to regulations. They cannot simply put all their XRP onto the open market. The 55bn locked in escrow are meant to be sold to institutions partnering Ripple, as other comments have already stated. Regulations aren't a bad thing. They are mandatory and prevent us from being scammed in many cases. The only thing you can blame Ripple for is the insane amount of ripples their founders are holding.