Ripple owners got some cold water thrown on them, according to Taylor Hatmaker. Over the weekend ripple was the big mover, and it was based on a rumor of Coinbase adding it. This is the second time, Ripple has been a victim of the rumor mill. I hear on the third time charges will be filled. One thing to say about Coinbase, they are not afraid to come out and shoot down a rumor where it stands. Unlike 50 Cents or did he lose that to his creditors.
But back to the Ripple thing, due to its centralized system, a lot of people believe that is why they are getting the green light by banks. Makes sense, if there is a issue then you have someone to talk too. Imagine if Chase sent 4 billion to B of A and someone messed up the address, who do you talk to on a decentralized system?
News keeps coming out on Ripple signing up bank after bank, curious to see how many continue to sign up. I feel this is going to be the first big adoption of the blockchain tech by the business world.
I think Ripple has advantages and disadvantages. In this case, it's advantages are also advantageous to centralized institutions. So that's why it's being promoted more by banks.
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All I can simply say is don't panic
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very good post, lots of people waiting for other interesting news news.
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Ripple is doing a great job of getting into the banks and business sector. Just a few weeks ago it was announced that western union was looking to use Ripple to speed up transfers. The more Ripple gets adopted the bigger the market share they will see. So much potential still to come with Ripple.
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Wow wonderful post
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Actually the exact scenario you mentioned of someone sending millions to the wrong account just occurred the other day, I believe it was $6 million and was indeed a bank. lol
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If this is the first step then I'd better get on board. I'm new and a little shall I say "bullish" lol. I just have my lil ole steem coins. Maybe this is a sign to branch out and take chances.
Great info...and funny.
Joy
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Very nice post
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Is it really tru that banks are jumping on board with ripple? If they are this could be a huge move and it could lead to ripple mooning
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Great post!! I appreciate all of the information and I plan to be putting together a post about Ripple in the near future. If you get a chance, check out my post I just made about Nexus. I would be interested in your feedback. Thanks!! #Upvoted
https://steemit.com/bitcoin/@cool-mike/nexus-the-future-of-cryptocurrency
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I TRUSTED this Coin and loose almost my 75% money. Even this currency is good then other currency. This is working good with government banks so this is genuine currency.
Advantage of this coin is that this time this is very less transfer charges as compared to other currencies.
I don't know when this starts recovering.
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If Chase sent $4 billion to BofA and someone messed up the address, who do you talk to on a decentralized system? I say "sum num na!" translated - sucks to be you! F%$k the banks!
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