Saudi Arabia's central bank signs blockchain deal with Ripple

in cryptocurrency •  7 years ago  (edited)

More good news for the Ripple ecosystem.

Now I personally think a blockchain should be more de-centralised, but value proposition of faster and cost effective overseas money transfers is a great blockchain application.

The news that Saudi Arabia's central bank is looking into Ripple gives it more credibility. This while Moneygram and Western Union are testing Ripple's tech to modernise their business.

I am excited to see what the future brings for ripple.

Saudi Arabia's central bank signs blockchain deal with Ripple

g00se.

cryptocurrency crypto blockchain ripple xrp
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    4 votes
    5
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!
    Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    I dunno if I like Ripple. It feels like something built by the banks for the banks. Why do you feel a blockchain should be more centralised?

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      [-]
        ·  7 years ago 

      Well I read a good theory once that Ripple, Stellar, etc. was designed and built to exchange via ICO BTC for something of less worth, allowing the banks to hoard BTC. I don't think a blockchain should be centralized, but I do believe that the current money transfer system is broken. Unfortunately both BTC and ETH are a little expensive on transactions and too slow.

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00
        [-]
          ·  7 years ago 

        Cool I suggest edit your article. You can update an article after publishing it if you click edit. In your article you said:"Now I personally think a blockchain should be more centralised, but value ..." :)
        Just saying. I think ethereum will get faster when they implement sharding, I also think bitcoin transaction fees are allot less now and with lighting payments things will get better in terms of transaction speed.

        Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

        • Disagreement on rewards
        • Fraud or plagiarism
        • Hate speech or trolling
        • Miscategorized content or spam

        Submit
        $0.00
          1 vote
          [-]
            ·  7 years ago 

          Hahaha only saw that now. Edited thanks!

          Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

          • Disagreement on rewards
          • Fraud or plagiarism
          • Hate speech or trolling
          • Miscategorized content or spam

          Submit
          $0.00
            2 votes
            [-]
              ·  7 years ago 

            Congratulations @crypticg00se! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

            Award for the number of upvotes

            Click on any badge to view your own Board of Honor on SteemitBoard.
            For more information about SteemitBoard, click here

            If you no longer want to receive notifications, reply to this comment with the word STOP

            Upvote this notification to help all Steemit users. Learn why here!

            Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

            • Disagreement on rewards
            • Fraud or plagiarism
            • Hate speech or trolling
            • Miscategorized content or spam

            Submit
            $0.00