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Mercury FX Saves 13,000$ On One Transaction With XRP
Mercury FX Saves 13,000$ On One Transaction With XRP
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even if you are transferring 1 or 2 million dollars, rich people don't get and stay rich by blowing off savings of 13k as "practically nothing". Of the few rich people I have met in my life one trait seems to be pretty standard. They are frugal with their money, even if they have boat loads of it.
I want to start off by stating that I'm pro XRP and would obviously like to see all the 'good' news reflected in the Price, but it's not happening, why? This is the 'million dollar question' I can see most XRP holders including myself grappling with, and rightfully so! Why then is the price not increasing to more acceptable levels in relations to the 'positive' news been received/fed on a daily basis. Could the following individual factors or more probably rather a combination thereof be the reason? (1) Ripple Labs (the company) not fully disclosing on a continuous basis more detail of their partnerships and actual operational results achieved? (2) Ripple not fully disclosing the outcomes of their negotiations with Government/Legislators and other market stakeholders, i.e. CoinBase? (Some may say Ripple doesn't have to disclose because they are a private company, but I say the 'Public' / the market / XRP Investors have to be more demanding in this regard because we are in fact funding them to a large extend through the digital currency / token XRP). (3) We see this on a continuous basis, once the price lifts (Pump) then within a short time span we see a Dump scenario and then the price drops again (Is this purely normal market speculation due to 'Whales' operating, highly doubted. Could it be that Ripple partners, i.e. R3, selling / dumping part of their +-5 Billion XRP stash to fund their operations, i.e. Corda platform?, bearing in mind that R3 is a 2014 start-up (They are younger than Ripple Labs who themselves is considered a start-up). IT WOULD BE MUCH APPRECIATED IF SOMEBODY COULD SHINE MORE LIGHT ON THIS RELATIONSHIP/PARTNERSHIP IN PARTICULAR, because if there's no restriction on, i.e. R3, in as far as holding/selling huge amounts of XRP then the general XRP holder could be in for a long ride at current low price levels. (4) I appreciate what XRP YouTube channels (i.e. Alex Cobb, The Digital Asset Investor, CJK Crypto, Brad Kimes, Jungle Inc, The Working Money Channel, etc., etc.) are trying to do for the XRP Community, however I think more fact checking should be done before information gets released, to avoid unnecessary Hype creation. Fact is far better than speculation with specific reference to a mature community like XRP, plus blood pressure levels. (5) a Jester like BG (who is most likely a Ripple insider) is there to feed 'Hope', like it or not. I believe Fact is preferred above Fiction by most people and the XRP Community is therefore no exception Ripple! The amount of respect and support a company/product deserves should be based on integrity, results, etc. It has to be earned!, and that's what I expect/want from a relationship with XRP! I BELIEVE XRP HAS GREAT POTENTIAL BUT RIPPLE LABS HAS TO BRING SOMETHING SUBSTANTIAL TO THE TABLE THAT WOULD INCREASE THE XRP PRICE SUBSTANTIALLY IN THE SHORT TERM, TO MAINTAIN MOMENTUM AND TO RETAIN SUFFICIENT SUPPORT. PREDICTIONS/'PROMISES' ALONE IS NOT GOING TO DO IT! I'll appreciate if one or more of the YouTube Channels can shine more light, specifically on the Ripple Labs and R3 +-5 Billion XRP business relationship/partnership. THANK YOU!
Great! More good news! That means the XRP price will go down again.
More Cobb
HEY ANYBODY WHAT HAPPENED TO THE EXCHANGE TRON WAS DEVELOPING FOR ALIBABA ? AND WHAT HAPPENED TO ALL THE ALIBABA AND TRX TALK ?
ppl with money know how to save money. ie. xrapid.
Good.
Did you watch the new ripple drop? David Schwartz pointedly talking about decentralisation
Also, dont forget the fees that banks charge. I payed directly in dollars (from debit and credit card) when I was in the USA. Euro to dollar rate was around 1,25. My bank however only gave me a rate of 1,16. That is a difference of around 7%…… Good thing my bank is partnered with ripple (Rabobank), cant wait for xrp to be used for all payments…. Would have saved me a lot of money if i could have just payed with xrp.
Read this people: (Don't get burnt anymore & don't just blindly believe because your young enough or dumb enough to believe ALL things turn around or cycle up EVENTUALLY. They don't.)
http://www.tr0lly.com/ripple/ripples-lie-about-its-santander-partnership/
http://www.tr0lly.com/ripple/ripples-200-institutional-clients-claim-is-a-scam/
You're welcome!
LOL
its not legalize yet fake news brother….. decision is still pending
and mercury fx doesn't disclose that they have used xrp I asked them several time
Why is all of this positivity making the price go down.
XRP is getting killed right now
It is ridiculous to talk about transaction without knowing the complete data . I think they are doing this for publicity stunt . They should tell us which bank they are compairing against . Last time they told us about saving which was much more than what banks normally charges . I think they are playing with numbers . Next time try to get more details that can be checked out .
Its not one transaction. Right now they are only doing small transaction.
mercury fx earned a lot of money because they are not just transferring,they are trading at the same time and we the investor of xrp left behind because the xrp price isn' affected after all ouch…
What if the savings was just in transfer fees? That would only make it a $130,000 transfer at 10%
If it WASN’T leveraged by XRP, then what on earth WAS it leveraged with?? Go ahead … I’ll wait ????
Why do people put the $ after the number? Are you talking about $13000 or 13000 dollar signs?
Alex…..PLEASE view what this guy (who has a pretty large following) is saying about XRP…..is this true?? I value both you guy's opinions, so I'm confused.
Go to 4:03 and watch from there. https://www.youtube.com/watch?v=jKkgTRnkrbI&t=432s
BankSTERS will fomo for XRP
Playing devils advocate here, but it could have been xcurrent, right? If xcurrent saves a customer up to 30% then a large enough transaction could save $13,000.
I do, of course, think it did most likely go through xrp.
Awesome news…..now we'll watch XRP drop another 4%!!!! yay!!!!
I was at Walmart today…… there was an 8 person line at the “money center”. “Money center”? Lol already a ghost. People just don’t know it yet!!
Thanks Alex for your great contribution.
FIRST
It's pronounced Ripple"D" not Rippled.
100% XRP in my book. There is no way an xCurrent transaction saved over 13k on a transaction. xCurrent obviously doesn’t solve settlement. The only way was from a transaction that eliminated the volatility is by using xRapid. Definitely a multi million dollar payment. I don’t like hype but I will say this is a good step for Ripple to have clients sending large payments through the XRP ledger, shows the liquidity in whatever corridor is efficient and effective with the use of XRP.
Exactly! SWIFT does 5 trillion plus per day in transaction. Can you imagine?
No reason why banks won't use xrp for cheaper payments
I was thinking the same thing regarding the size of the transfer to warrant such a fee. Great news in that it was successful! Thanks Alex
Rippletopia hahaha
So where was the liquidity from?