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Ripple - XRP - nieuwe verdienmodellen noodzakelijk voor bancaire sector

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Frederik C.
0
Are they really getting awake?? Bold Banking Predictions for 2015

Big Breaches, Big Disruptions

"2014 saw major [security] incidents impacting various banks. 2015 will see this trend continue, with the prospect of a massive incursion incident visited on one or several of the global banking entities. Banks will need to rethink how they counter this threat by deploying tools that can be deployed on and against data from social media and other mobile apps to protect their network at all its weakest points.

"Traditional banking models will come under even greater threat in 2015. Two examples that come to mind are in customer lending, with Lending Club's gaining greater momentum and traditional credit card payment and fulfillment processes under threat from mobile phone apps. Banks will need to identify ways to partner with new mobile technology and apps that will enable them to stay at the top of this new wave of innovation in the industry as well as maintain their core customer relationships."

— Andrew Waxman, consultant in IBM Global Business Services' financial markets risk and compliance practice

(Image: Thinkstock)
www.americanbanker.com/gallery/bold-b...
Frederik C.
1
Fidor Group announces entry into the US market and forms alliance with American partners

(...)The cross-border strategy of Fidor Group contains development into the EU region(including the UK), USA and, the BRIC countries in the next few years, implementing the Fidor vision of "Better Banking for Anybody" and rolling out Fidor’s proven model of Web 2.0 Banking (Community
& Fidor Smart Cash Account, etc.). In addition, this strategy includes the implementation of a “money-transaction network”. This can be achieved via a Fidor partner such as RIPPLE, enabling customers to send money globally in real time at very favorable rates.
www.fidor.de/documents/presse/2015-01...
Frederik C.
1
Great news!!!

Codius (Ripple) and Ethererum are discussing potential collaborations

(...)More on this to come later but it seems that Codius may be a useful platform for Ethereum to build oracles, or entities that can introduce information into the blockchain, or bridges with other cryptocurrencies. Although the two projects are sometimes portrayed as competing, they may prove more complementary than competitive.
codius.org/blog/codius-at-the-chaos-c...

About Ethererum:
By far the most widely cited project by the crypto 2.0 community, Ethereum has emerged as a market leader due to its roughly $15m in funding, even though it isn't expected to launch until this spring. Indeed, 2015 will be the year the smart contracts platform and its dedicated blockchain will be introduced to the market, where it will need to answer questions about its security and demand.

Should Ethereum prove itself to be a success as a viable alternative blockchain to the bitcoin protocol, other ambitious developers could be emboldened to strike out on their own, a development that could in turn impact bitcoin's long-term value.

When asked how his business plans will change in 2015, co-founder Vitalik Buterin told CoinDesk he hopes the platform will change how the community discusses and executes on its ideas, remarking:

”The way that a new blockchain mechanism will be criticized will change somewhat. Right now, it's ‘don't like it, write a blog post explaining why and argue in the comments’. In one year it will hopefully be ‘build a DApp around it in the real world, see if it survives.’”
www.coindesk.com/19-crypto-2-0-projec...
Frederik C.
0
Federal Reserve Bank of Boston is looking into Ripple

Nevertheless, there is growing recognition that the lasting legacy of Bitcoin most likely lies in the technological advances made possible by its protocol for computation and communication that facilitates payments and transfers. The revolution in payments technology pioneered by Bitcoin helps to accelerate the development of better technologies for making payments and transfers cheaper, faster, and more
secure. For instance, a new technology called Ripple, essentially a protocol that allows disparate systems to communicate in order to transfer funds and make payments, has recently been developed. One notable point, made clear by Ripple, is that the development of new technologies for making payments does not need to be accompanied by a new financial claim.
www.bostonfed.org/economic/current-po...

And some more articles grouped together:
ripple.com/news/
Frederik C.
0
Frank Schwab @FrankJSchwab
Follow

@JVWVU1 @kLee1977 I believe in 10 years virtual currencies will have up to 20% market share of all currencies, thus #XRP is a nice asset
3:52 PM - 6 Jan 2015

Tweet van CEO - Fidor Bank
Omnius
0
Heb gisteren wat aandelen Fidor AG opgepikt, puur omdat ze met Ripple bezig zijn.
Wel super dunne markt en lage free float.
Frederik C.
0
Spannend dürfte außerdem die Entwicklung um Ripple werden. Ripple wird zum Beispiel von Fidor Bank als Alternative für einen schnellen kostengünstigen, weltweiten Zahlungstransfer gesehen.
www.it-finanzmagazin.de/bitcoin-unang...
Frederik C.
0
Ripple Labs is unique in its goal to create the ‘Internet for Value’ by (a) developing the most technologically advanced and extensible global transaction infrastructure using a neutral and compliant protocol, and (b) cooperating with regulators and incumbent financial institutions to enhance and connect existing systems.
Ripple Labs is engaged with dozens of regulators, central banks, banks, payment networks, and liquidity providers globally (Americas, Europe, Asia-Pacific). Public engagements include: CBW Bank (US), Cross River Bank (US) Fidor Bank (Germany), Earthport (global interbank payment network operating in 65 countries). Private engagements include: top-20 EU and US banks, EU and US bank consortiums, multibillion- dollar hedge funds and quantitative trading firms, top-10 global remittance operators, and top-15 global telcos.
ripple.com/Ripple%20_FI_Executive%20S...

Zugabe:
boschert-consulting.com/fidor-bank-ag...

Frederik C.
0
The Euro Banking Association (EBA) published document "Opinion Paper on Next Generation Alternative Retail Payments: Infrastructure Requirements":

innopay.com/20141215_EBA_Opinion%20Pa...

The Euro Banking Association (EBA) is an industry forum for the European payments industry with almost 200 member banks and organisations.

This documents covers disruptive technologies on page 23:

Examples of such disruptors are Ripple or Bitcoin, which are built on the technical concept of ‘block chain’. Believers in these developments regard these decentralised networks as potential alternatives to automated clearing houses (‘ACN’ instead of ‘ACH’)

Ripple (but not Bitcoin) has whole section on this page:

Ripple is a service that can be used for payments, exchange of currency (and potentially any other unit of value) and remittances over the Internet. It was first developed in 2004, with updates in 2011 incorporating Bitcoin. The software is developed by Ripple Labs, which has made it open source. The system consists of several components: a decentralised protocol, a consensus ledger shared by all participants, which also contains an order book, and a native currency called ripples (XRP). Althoug exchange between individual participants peer-to-peer is supported, normally each participant connects to one or more trusted gateways where many participants have accounts that enable users to put money in or out of the network.

The key element in the Ripple network is the shared and distributed public ledger. It holds information about all participants’ balances as well as offers to buy or sell currencies and assets.

Inside Ripple, transactions occur in near real time. However, when processing anything other than the native Ripple currency, the transaction to convert Ripples back to the currency of choice is done through the traditional infrastructures with the according timelines. Besides the native Ripple currency, Ripple supports the exchange of any fiat currency (euros, dollars, yen etc.), virtual currency (Bitcoin, Dogecoin, etc.), commodity or other value instrument (e.g. loyalty points).

According to Ripple, the service is an efficient and secure, Internet-based competitor to financial communication infrastructures and clearing houses as it allows irrevocable, near real-time payment and settlement.
Frederik C.
0
Another well-funded effort that’s working outside the Bitcoin tent is Ripple Labs, a San Francisco startup that’s building a digital currency-based platform for banking services. Ripple began life as an altcoin named OpenCoin and has evolved into a protocol for transactions that operates a little more loosely, and quickly, than Bitcoin. (Bitcoin transactions can take as long as ten minutes to be verified; Ripple promises to take just seconds.) In the short term Ripple’s developers see it powering international remittances, moving money around the world cheaply and quickly. Down the road, its creators envision more innovative applications?—?such as a system for the music business that rolls together artists’ rights management and royalty payments, with a blockchain securing the complex ownership data to automate all of the who’s-owed-what.
medium.com/backchannel/how-bitcoins-b...
Frederik C.
0
quote:

Omnius schreef op 9 januari 2015 10:19:

Heb gisteren wat aandelen Fidor AG opgepikt, puur omdat ze met Ripple bezig zijn.
Wel super dunne markt en lage free float.
bankinnovation.net/2015/01/fidor-bank...

Fidor is a regulated bank. They are regulated in Germany, but that “passports them” into Europe and there is no reason why they cannot seek banking licenses in America, China, India or anywhere else. In the traditional model, Fidor Bank would get those licenses. That is the traditional vertical stack. It requires deep, deep pockets; that is why there are so few genuinely global banks. Fidor is doing it differently. It is basically offering its capabilities through an API. Because Fidor Bank is a regulated bank, that includes all the features that a traditional bank offers.

Slim!

DeZwarteRidder
0
di 20 jan 2015, 15:51
Spaanse bank ziet brood in bitcoins

Terwijl centrale banken massaal waarschuwen voor de risico’s van de bitcoin, heeft de Spaanse bank BBVA het Amerikaanse Coinbase dat betalingen van de digitale munt verwerkt, omarmd. Dat meldt The Financial Times

Coinbase haalde bij zijn laatste kapitaalronde $75 miljoen uit de markt, waarbij BBVA voor een onbekend bedrag is ingestapt.

Een directeur van de bank benadrukt dat bitcoin de potentie heeft om het landschap van financiële diensten te veranderen.

BBVA heeft recent geld gestoken in een aantal start-ups, waaronder Simple, een digitale bank in Amerika.
Frederik C.
0
quote:

DeZwarteRidder schreef op 20 januari 2015 15:59:

di 20 jan 2015, 15:51
Spaanse bank ziet brood in bitcoins

(...)centrale banken massaal waarschuwen voor de risico’s van de bitcoin,
Wrong thread?

Former Chief White House Advisor Gene Sperling Joins Ripple Labs Board of Directors
www.marketwired.com/press-release/for...

"I am thrilled to welcome Gene to the Ripple Labs team," said Ripple Labs CEO Chris Larsen. "As a respected leader on economic issues, his experience and insights will be critical in building on our recent momentum gaining traction with financial institutions and network operators."

Frederik C.
0
www.nilsonreport.com/m/

Nice!!

RIPPLE PROTOCOL FOR FINANCIAL TRANSACTIONS

Like HTTP (Hypertext Transfer Protocol) for building and sharing websites and SMTP (Simple Mail Transfer Protocol) for sending messages on the Internet, RTXP (Ripple Transaction Protocol), which was created by Ripple Labs, is free, open source software that standardizes rules and messages. RTXP is designed for trading and settlement of interbank payments over distributed networks. Ripple Labs calls RTXP email for money.

Existing interbank payment systems, money transfer companies, card networks, Earthport, clearinghouses, and exchanges are centrally designed, and provide messaging logic, business rules, dispute resolution, and risk management for participants. Ripple is not a payment system. Instead, it can be used to upgrade the movement of funds within any existing payment system’s settlement function or can be used in the creation of new competitors to legacy systems.

The aim is to reduce the marginal processing costs of financial transactions at the settlement level between businesses and consumers and between businesses and other businesses, particularly cross-border payments. Ripple can also facilitate currency exchange if transactions require that function.

RTXP-based accounting can be fully settled in seconds, allowing recipients instant access to funds. Currency exchange, if included, occurs at no extra charge. Banks operate Ripple software on their local servers to create a shared public database of account balances and offers to trade currencies.

All network participants can view the ledger. Changes to the ledger are agreed to by the network participants. Ripple Labs calls this process consensus. The global account balancing within the ledger is reconciled within seconds through decentralized transaction settlement created by Ripple Labs’ engineers.

Ripple users can hold balances in any currency or commodity, while sending payment instructions in another currency or commodity. The currency exchange is handled by entities Ripple Labs calls market makers, who advertise their bids and offers in order books and broadcast to the protocol the rates at which they will do business. Payment requests are routed to the best available rates using algorithms created by Ripple. Neither the sender nor recipient in a Ripple transaction needs to have a relationship with the market maker handling the currency conversion portion of the accounting.

Ripple Network transactions have counterparty risk in the same way legacy system transactions do. All instruments are claims against the issuer. What is novel about Ripple is that transactions are processed simultaneously, not sequentially. Ripple changes all accounts in a transaction at the same moment. There is no possibility that party A pays party B, but party B fails to pay party A.

Fiat money, the legal tender of any nation, enters the Ripple Network at a gateway, which is either a financial institution or a business such as a money transfer firm. Gateway firms redeem balances on the Ripple Network, converting Ripple currency back to fiat currency.

Ripple Labs, which is venture funded by Google Ventures, Andreessen Horowitz, IDG Capital Partners, and other investors, does not act as the central operator. Ripple Labs earns revenue from professional services delivered to network operators such as Earthport. And Ripple Labs also earns revenue from building software that connects RTXP to legacy systems. Clients integrate Ripple accounting into their payment systems.

DeZwarteRidder
0
quote:

Frederik C. schreef op 20 januari 2015 21:57:

[...]Wrong thread?

Former Chief White House Advisor Gene Sperling Joins Ripple Labs Board of Directors
www.marketwired.com/press-release/for...

"I am thrilled to welcome Gene to the Ripple Labs team," said Ripple Labs CEO Chris Larsen. "As a respected leader on economic issues, his experience and insights will be critical in building on our recent momentum gaining traction with financial institutions and network operators."
'I am thrilled'

Ik niet.....
Frederik C.
0
quote:

DeZwarteRidder schreef op 20 januari 2015 22:54:

Ik niet.....
Begrijp ik...!

Ripple On The Rise

While most coins in the crypto markets are experiencing a really sluggish bear market, there are a few that have gained serious traction last year on a bull trend. One of the most promising long term investments in the space is a crypto currency called Ripple (XRP).
Last month, XRP gained 430% in value! We haven’t seen that type of bull run since Bitcoin’s peak prices of last year. If you look at the charts you will see that the growth in price is showing steady upward movement.
www.dailytradingprofits.com/2521/ripp...
Frederik C.
0
Bill Gates ziet Ripple (mobile banking) als beter alternatief dan Bitcoin....WOW!!

Are you excited about the potential of Bitcoin in systems like these as a way to keep fees low and have the system work robustly in the global sense?
There’s a lot that Bitcoin or Ripple and variants can do to make moving money between countries easier and getting fees down pretty dramatically. But Bitcoin won’t be the dominant system. When you talk about a domestic economy, [you must have] the idea of attributed transactions, where if you sent it to the wrong person you can actually get the transaction reversed. [And a traditional system] doesn’t have this huge fluctuation where the value of your account is going up and down by a factor of two. We need things that draw on the revolution of Bitcoin, but Bitcoin alone is not good enough.
medium.com/backchannel/bill-gates-on-...
Frederik C.
0
World Economic Forum: 5 ways digital currencies will change the world

(...)Faster, cheaper bank transfers

The way banks move money today is archaic. International bank transfers can take up to a week, with correspondent banks and country-specific clearing houses involved at both ends. Even the cross-border sharing of payment data faces challenges and frictions. By using a digital currency such as bitcoin, bank transfers could be made instantly, cheaply and safely. In fact, such transfers could even happen without using new currencies. Ripple Labs, for which I am an adviser, supports a protocol that allows clients to transfer funds from one currency to another (say, dollars to euros) using a secure digital ledger. Their technology moves money around the globe in seconds by first finding the most efficient path between trading partners, where the path might consist of a series of transactions among foreign exchange traders who have accounts in a variety of banks, and then confirming all required transactions simultaneously.(...)
agenda.weforum.org/2015/01/5-ways-dig...
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