The issue is that swift is very much embedded into everything the banks do, even updating to MX message formats has been met with resistance to the point that the underlying data structure (xml) is now out of date and it hasn’t even been rolled out yet!ec0n0mist wrote: ↑Fri Nov 23, 2018 9:42 pmAs a trader I like XRP. TA works quite well on it (even on smaller time frames i.e.3-30 mins), as do most large caps. From a consumer's POV, I'm philosophically against everything Ripple stands for. It still boggles the mind as to why their community is growing as fast as it is. BTW, Ripple is the technology company, XRP is the token (cryptocurrency). They are not the same thing in spite of what most will have you believe. Secondly, Ripple's success does not depend on XRP's survival. Even if it did, why would XRP's price need to go up for it to work? It doesn't. XRP is a shit-coin through and through. [That's not to say money can't be made. However, 'Investment' or 'HODL' approach is not a strategy I'd recommend when it comes to XRP].CallumPerry wrote: ↑Tue Nov 20, 2018 11:28 pmInterested to know trader's thoughts on Ripple, known as xrp. Had a little look but still have quite basic knowledge, a child's (who I tutor once a week) father has recently put a few hundred down with some guys at work for an investment.
Any worth short/mid/long term in your opinion?
It's been rumoured for some time now, that banks are planning to turn Ripple into a segmented global network, essentially substituting SWIFT to an extent. This hasn't happened yet. In fact, a number of banks have outright declined such claims.
I just don’t see how ripple can do it to be honest.