the whole thing is a scam, so 0.01 USD is the real value
the whole thing is a scam, so 0.01 USD is the real value
down to $4,500.
75% haircut from december '17.
at the end of the first quarter of 2020...
gold + 4%
BTC -10%
S&P 500 -20%
https://www.pymnts.com/news/b2b-paym...ommercial-bankAs it aims to provide small businesses and enterprise clients with instant payments, Siam Commercial Bank (SCB) of Thailand is poised to open up its consumer cross-border payments app, which is powered by Ripple, to companies. The financial institution had harnessed RippleNet earlier in 2020 to link up with banking partners globally, according to reports.
SCB’s SVP of Commercial Banking Arthit Sriumporn said in a statement, “Being part of RippleNet has helped us to completely enhance our customer experience, expand our business and keep SCB moving into the future.”
In addition, Ripple and SCB are at work on an app based on quick-response codes that would let tourists tap into their native country’s app for transactions without the need to ponder exchange rates.
The report comes as news surfaced in January that SCB was teaming with Ripple to bolster its mobile banking app to enable cross-border payments for the nation’s 16,000 clients. Sriumporn said at the time that the new offerings would help simplify the process of sending and receiving money.
Sriumporn said that banking with cross-border transactions could be complex at times because of long and intricate forms at the bank, along with an extended wait for the money to be sent. With mobile banking, however, Sriumporn said many of those frustrations would disappear, as even money from other countries can be sent and received instantaneously through Ripple’s service.
SCB had 3,187 billion baht ($105 billion) in equivalent money, along with 138.2 billion baht ($4.6 billion) in operating income in 2018. The bank was the first company to pilot Ripple’s multi-hop feature, which lets banks forward and receive payments without a relationship between the two banks, which is said to result in shorter transaction times.
SCB was also intending to grow into the countries of Laos, Cambodia, Vietnam and Myanmar, per news in January.
Once again regulations are holding things back. Thai law still prevents them from using the XRP digital token but things are coming together nicely. Liquidity is building, adoption by banks and FIs increasing. THB & KRW have recently shown up on ODL (Xrapid), not in significant amounts that would indicate usage but enough to indicate testing.
The plan's (slowly) coming together.
Some people think it don't, but it be.
what plan? this is going to end in tears, from boiling waters to the frying pans
BTC has seen a nice double in the last 2 months. $4800 to $9300 in 60 days. The current wave's worth riding for another while yet. The Halvening is usually a good time.
Last edited by Edmond; 14-05-2020 at 11:05 AM.
wtf happened to Lulu? did he sold TD at the end?
I think his new nic is Edmond - keep up with the gossip!
start from scratch?
Lulu wouldn't have left TD without his 40m repo treasure
Bitcoin surge fails to materialise
Investors disappointed by modest price appreciation since latest 'halving'
NEW YORK: Investors expecting a sudden surge in the price of bitcoin, after it underwent a technical adjustment three weeks ago that reduced the rate at which new coins are generated, may have to wait a few months, or perhaps a few years.
Bitcoin has been trading in a relatively narrow range since it went through a third “halving” on May 11, which cut the rewards given to those who mine bitcoin to 6.25 new coins from 12.5.
There were some expectations that bitcoin would soar, similar to what happened after the two previous adjustments as the halving effectively decreased its supply.
The virtual currency has gained 11% since the adjustment and while it briefly crossed US$10,000 this week, it was trading on Saturday at $9,608. But the cryptocurrency has had more down days than up days, and analysts say the technical momentum overall was negative.
In contrast to recent movements, bitcoin had soared more than 40% from January this year until the halving.
MORE Bitcoin surge fails to materialise
still quite high for something that has no use or intrinsic value,
wouldn't say it has no intrinsic value...but it's so ripe for manipulation that it's impossible to determine a fair value.
to have intrisinc value, it would need to have an underlying asset with value or cash flow, or some of kind of use you could measure financially
it has neither, it's only a cost
of course, for loons and criminals, it's a money making scam
intrinsic value would need to be universal, does a money laundering scam have universal value? no, it doesn't
the only reason bitcoin still have a "price" is because of the illegal money that are "stuck" into it, like a safe full of money, and they need to keep the thing going if they ever want to get it back
take away the money, and the safe has no value
breaking through 10k usd.
There are currently 2 users browsing this thread. (0 members and 2 guests)