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  • Little bit of a thought experiment to help clear up the noise and doubts in the day to day ups and downs.

    This is the lifetime of BTC. Focus on the blue line uptrend. Forget the spikes above the blue line and forget the dips below it. The fact of the matter is BTC is still in a beautiful and massive uptrend. There will be massive spikes and massive dips but the lesson here is regardless of all that noise BTC is still chugging along upwards slow and steady.



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    • Bitcoin reach all time high!!

      Sent from my SM-G950F using Tapatalk

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      • Visa Enters The $125 Trillion Global Money Transfer Market With New Blockchain Product

        Visa is launching a blockchain product to help businesses transfer money faster and more cheaply.
        © 2016 BLOOMBERG FINANCE LP
        Visa seems to do everything on a massive scale. Last year, it moved $11.2 trillion over its payment rails across more than 200 countries for purchases ranging from cups of coffee to cars. Now it’s eyeing an even bigger market: cross-border, business-to-business (B2B) transactions, where banks transfer money on behalf of corporate customers. Visa says it’s entering a $125 trillion market and using distributed ledger technology—software where transactions must be confirmed by multiple computers on a network to be considered final—to make these payments faster, cheaper and more transparent.

        Most cross-border payments are done through the Society for Worldwide Interbank Financial Telecommunication, or Swift, a Belgian organization started in 1973 that counts 11,000 financial institutions as members. But its legacy system has inefficiencies. Because few banks are connected directly to each other, a payment that originates in Kansas City and is bound for Nairobi might have to stop at banks in New York and London before reaching its final destination, with each bank extracting a fee. It’s also difficult to track the transfer’s progress and predict how much it will cost, including what foreign exchange rate you’ll get.

        In 2017, Swift launched a new service, gpi, to speed transactions and transparency. With this product, nearly all transactions settle within 24 hours, says Harry Newman, head of banking at Swift. So far, 3,500 banks have signed up, and they move $300 billion a day over the service, roughly half of Swift’s total daily volume. Visa's new product aims to connect banks more directly, lowering the cost of money transfers.
        VISA
        Visa is also making transactions faster and more transparent with its newly launched B2B Connect product, says Kevin Phalen, Visa’s global head of business solutions. Its newly launched distributed ledger software facilitates direct bank connections. Financial institutions can also see payment fees upfront. Transactions settle quicker, in one to two days. The B2B Connect rails are new, so Visa isn’t leveraging the ubiquitous credit card rails it has spent decades building and maintaining. But it is leveraging its vast experience in areas like complex payments, cybersecurity and compliance. YOU MAY ALSO LIKE

        Phalen’s team created Visa B2B Connect using distributed ledger technology because it provides more transparency and traceability than a typical state-of-the-art database, he says. They used Hyperledger Fabric, the blockchain software developed in part by IBM and hosted by Linux, to build it, and it has taken two years to launch. Unlike cryptocurrency-based blockchains including Bitcoin and Ethereum, Visa’s product isn’t decentralized, since the payments giant has complete control over it. Visa made Forbes’ first-ever Blockhain 50 list earlier this year.

        Visa B2B Connect is focused on facilitating high-value B2B transactions of about $15,000 and up, which represents a roughly 10% chunk of the $125 trillion cross-border market, Phalen says. It’s partnering with FIS, a Jacksonville-based payment processor and financial technology provider to more than 20,000 financial institutions. That will give Visa access to FIS’ rich set of bank clients, who can choose to use B2B Connect for payments if they wish.

        Why doesn’t a company like FIS, with its valuable distribution network, want to build a product like Visa B2B Connect on its own? “FIS has at times looked at introducing new networks into the market, but in most cases, we play the role of the integration partner that helps financial institutions participate in networks,” says Raja Gopalakrishnan, FIS’ international head of banking and payments.

        Comment


        • Originally posted by boricuarage79 View Post
          Visa Enters The $125 Trillion Global Money Transfer Market With New Blockchain Product

          Visa is launching a blockchain product to help businesses transfer money faster and more cheaply.
          © 2016 BLOOMBERG FINANCE LP
          Visa seems to do everything on a massive scale. Last year, it moved $11.2 trillion over its payment rails across more than 200 countries for purchases ranging from cups of coffee to cars. Now it’s eyeing an even bigger market: cross-border, business-to-business (B2B) transactions, where banks transfer money on behalf of corporate customers. Visa says it’s entering a $125 trillion market and using distributed ledger technology—software where transactions must be confirmed by multiple computers on a network to be considered final—to make these payments faster, cheaper and more transparent.

          Most cross-border payments are done through the Society for Worldwide Interbank Financial Telecommunication, or Swift, a Belgian organization started in 1973 that counts 11,000 financial institutions as members. But its legacy system has inefficiencies. Because few banks are connected directly to each other, a payment that originates in Kansas City and is bound for Nairobi might have to stop at banks in New York and London before reaching its final destination, with each bank extracting a fee. It’s also difficult to track the transfer’s progress and predict how much it will cost, including what foreign exchange rate you’ll get.

          In 2017, Swift launched a new service, gpi, to speed transactions and transparency. With this product, nearly all transactions settle within 24 hours, says Harry Newman, head of banking at Swift. So far, 3,500 banks have signed up, and they move $300 billion a day over the service, roughly half of Swift’s total daily volume. Visa's new product aims to connect banks more directly, lowering the cost of money transfers.
          VISA
          Visa is also making transactions faster and more transparent with its newly launched B2B Connect product, says Kevin Phalen, Visa’s global head of business solutions. Its newly launched distributed ledger software facilitates direct bank connections. Financial institutions can also see payment fees upfront. Transactions settle quicker, in one to two days. The B2B Connect rails are new, so Visa isn’t leveraging the ubiquitous credit card rails it has spent decades building and maintaining. But it is leveraging its vast experience in areas like complex payments, cybersecurity and compliance. YOU MAY ALSO LIKE

          Phalen’s team created Visa B2B Connect using distributed ledger technology because it provides more transparency and traceability than a typical state-of-the-art database, he says. They used Hyperledger Fabric, the blockchain software developed in part by IBM and hosted by Linux, to build it, and it has taken two years to launch. Unlike cryptocurrency-based blockchains including Bitcoin and Ethereum, Visa’s product isn’t decentralized, since the payments giant has complete control over it. Visa made Forbes’ first-ever Blockhain 50 list earlier this year.

          Visa B2B Connect is focused on facilitating high-value B2B transactions of about $15,000 and up, which represents a roughly 10% chunk of the $125 trillion cross-border market, Phalen says. It’s partnering with FIS, a Jacksonville-based payment processor and financial technology provider to more than 20,000 financial institutions. That will give Visa access to FIS’ rich set of bank clients, who can choose to use B2B Connect for payments if they wish.

          Why doesn’t a company like FIS, with its valuable distribution network, want to build a product like Visa B2B Connect on its own? “FIS has at times looked at introducing new networks into the market, but in most cases, we play the role of the integration partner that helps financial institutions participate in networks,” says Raja Gopalakrishnan, FIS’ international head of banking and payments.
          XRP killer ^

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          • Bitcoin Soars Above $9K - It's Mostly Institutions Now

            https://www.zerohedge.com/news/2019-...stitutions-now

            Comment


            • Originally posted by TrapsBrah View Post

              OK bro. 21 million bitcoins ever in existence and a population of 7 billion plus people if it becomes a reserve currency like gold then you can bet your ass it will be huge. If you value it in terms of scarcity like gold the price was calculated at 5 million dollars a piece. It's better than gold which is why it was already priced higher than one ounce of gold earlier this year.

              Bitcoin is faster and cheaper than bank wire transfers that alone is huge.
              That's right

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              • And the fomo begins


                Ripple has agreed to enter into a strategic partnership with MoneyGram (NASDAQ: MGI), one of the world’s largest money transfer companies. Through this partnership, which will have an initial term of two years, Ripple would become MoneyGram’s key partner for cross-border payment and foreign exchange settlement using digital assets. In conjunction with the partnership, Ripple has agreed to provide a capital commitment to MoneyGram, which enables the company to draw up to $50 million in exchange for equity over a two-year period.

                The partnership with Ripple will focus on the xRapid product, a solution for on-demand liquidity, which reduces reliance on pre-funding by enabling money to be sent from one currency and instantly settled in the destination currency. It leverages XRP, the native digital asset of the XRP Ledger, as a real-time bridge between the sending and receiving currencies. XRP remains the most efficient digital asset for settlement with transaction fees at just fractions of a penny, compared to other digital asset fees of about $30 per transaction. Similarly, the average transaction time for XRP is two to three seconds with other top digital assets ranging from 15 minutes to an hour.

                “As the payments industry evolves and matures, it’s imperative that we continue to improve our platform and provide the most effective solution to get funds from point A to point B,” said Alex Holmes, MoneyGram Chairman and CEO. “Through Ripple’s xRapid product, we will have the ability to instantly settle funds from US dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management.”

                MoneyGram operates globally in the $600 billion global remittance market, serving millions of customers in more than 200 countries and territories, supporting multiple currencies. Today, MoneyGram relies on traditional foreign exchange markets to meet its settlement obligations, which require advance purchases of most currencies. Through this strategic partnership, MoneyGram will be able to settle key currencies and match the timing of funding with its settlement requirements reducing costs, improving its balance sheet efficiency and reducing risk.

                “This strategic partnership will enable MoneyGram to greatly improve its operations and enable millions of people around the world to benefit from its improved efficiency. This is a huge milestone in helping to transform cross-border payments and I look forward to a long-term, very strategic partnership between our companies,” said Brad Garlinghouse, CEO of Ripple.

                Comment


                • Money gram stocks go up 150% withing hours of the partnership

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                  • And xrp hardly moving ahaha shit coin

                    xrp bought a dogshit company who's stock has plummeted the last 5 years down to nothing and they are calling this a "partnership". ahahah

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                    • Originally posted by Bouncer View Post
                      And xrp hardly moving ahaha shit coin

                      xrp bought a dogshit company who's stock has plummeted the last 5 years down to nothing and they are calling this a "partnership". ahahah

                      Sent from my moto g(7) using Tapatalk
                      im ready for that brand new honda civic

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                      • Well it seems to be a dream for everyone but anyway cryptocurrency is in its early stage where it wide adoption just started and if this keeps going without any hurdle then it takes no time to fultiff the same dream, so probably it is worth buying btc as it someday definitely plunge to a new high.

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                        • The future of crypto totally depends on the Bitcoin adoption the more popularity it gains the altcoins will start following the same pattern.I can predict the future of Bitcoin to a new level but when that dream comes true no one knows.

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                          • Originally posted by mrvyasidea View Post
                            The future of crypto totally depends on the Bitcoin adoption the more popularity it gains the altcoins will start following the same pattern.I can predict the future of Bitcoin to a new level but when that dream comes true no one knows.
                            don't be so sure about alt coins. we saw something very different the past few months. btc goes up alts dump, btc goes down alts dump harder. i think people are realizing there really isn't much in terms of an actual company behind these alts. BTC on the other hand is seen as a digital gold by a large part of the crypto community but more importantly it's seen that way by wallstreet as well. thats where the big money is and wall-street has it's eye on BTC and BTC alone. alts are not even a discussion.

                            i'm not saying alts go to zero. they will always be there for traders to pump and dump back and forth. but in terms of them actually being used by the masses... not gonna happen IMO..

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