XRP Update: Real Business vs Speculation

Hodor

Hodor

I blog about Ripple & XRP. FULL DISCLOSURE: All views are my own. I do not work for Ripple; I am not a professional financial analyst, and the majority of my crypto holdings are XRP.

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We've all felt it.

When the cryptomarket moves suddenly in the wrong direction, there's degrees of emotion involved, and in a market where most of the choices reflect prices based only on speculation, that's understandable.

Me? I've been trading in digital assets since 2013.

Before I discovered XRP, I traded in various cryptos, including Bitcoin. And I've seen the emotions that go along with the heights of confidence and the depths of despair. And I've been surprised - very surprised - with how each time fate deals the cryptomarket a setback, it seems to climb back higher than its previous records.

Look at what's happening now, when cautious optimism is battling with fear; 2018 was not so long ago, and the market is still jittery.

But for those that own XRP, times are changing.

We do not depend on the 'kindness of luck.' We've chosen the one digital asset with the best performance metrics. We've chosen the one digital asset with the most powerful championing organization. We've chosen the one digital asset with the fastest-growing online community. We've chosen the one digital asset used by banks and remittance processors.

And ultimately, we've chosen the one digital asset that will be used for real business.

It's this profound difference that will carry the day. The bear market of 2018 was too early for utility-based demand to emerge, but make no mistake that XRP will distinguish itself from the pack, and it will be measured and discussed by thought leaders in a way that Bitcoin never was; the entire market is changing, refocusing on what it will take to reach the next level of digital asset adoption, and the path is becoming more clear with each passing day.

Ripple News

The mainstream press is preoccupied with Facebook, and its plans for a stablecoin named 'Libra.'

We really can't blame them, as anything with Facebook in the title seems to garner a large amount of public interest; and after the publishing of the Libra whitepaper, there has been a surge in mainstream reporting about cryptocurrency.

This trend continued on July 18แต—สฐ, with CNBC interviewing Brad Garlinghouse about Libra, along with the associated topic of crypto regulation:

Here's a few quotes from Brad Garlinghouse:

"๐˜š๐˜ฆ๐˜ค๐˜ณ๐˜ฆ๐˜ต๐˜ข๐˜ณ๐˜บ ๐˜”๐˜ฏ๐˜ถ๐˜ค๐˜ฉ๐˜ช๐˜ฏ ... ๐˜ช๐˜ฏ ๐˜ฐ๐˜ณ๐˜ฅ๐˜ฆ๐˜ณ ๐˜ง๐˜ฐ๐˜ณ ๐˜ต๐˜ฉ๐˜ฆ๐˜ด๐˜ฆ ๐˜ต๐˜ฆ๐˜ค๐˜ฉ๐˜ฏ๐˜ฐ๐˜ญ๐˜ฐ๐˜จ๐˜ช๐˜ฆ๐˜ด ๐˜ต๐˜ฐ ๐˜ฃ๐˜ฆ ๐˜ถ๐˜ด๐˜ฆ๐˜ฅ ๐˜ธ๐˜ฆ๐˜ญ๐˜ญ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ต๐˜ฐ ๐˜ฃ๐˜ฆ ๐˜ต๐˜ข๐˜ฌ๐˜ฆ๐˜ฏ ๐˜ข๐˜ฅ๐˜ท๐˜ข๐˜ฏ๐˜ต๐˜ข๐˜จ๐˜ฆ ๐˜ฐ๐˜ง, ๐˜ช๐˜ต ๐˜ฉ๐˜ข๐˜ด ๐˜ต๐˜ฐ ๐˜ฃ๐˜ฆ ๐˜ฅ๐˜ฐ๐˜ฏ๐˜ฆ ๐˜ช๐˜ฏ ๐˜ข ๐˜ณ๐˜ฆ๐˜จ๐˜ถ๐˜ญ๐˜ข๐˜ต๐˜ฐ๐˜ณ๐˜บ-๐˜ค๐˜ฐ๐˜ฎ๐˜ฑ๐˜ญ๐˜ช๐˜ข๐˜ฏ๐˜ต ๐˜ธ๐˜ข๐˜บ.

๐˜ž๐˜ฆ ๐˜ค๐˜ข๐˜ฏ'๐˜ต ๐˜ฆ๐˜น๐˜ฑ๐˜ฐ๐˜ด๐˜ฆ ๐˜ฎ๐˜ฐ๐˜ณ๐˜ฆ ๐˜ณ๐˜ช๐˜ด๐˜ฌ; ๐˜ข๐˜ฏ๐˜ฅ ๐˜ธ๐˜ฉ๐˜ฆ๐˜ต๐˜ฉ๐˜ฆ๐˜ณ ๐˜ช๐˜ต'๐˜ด ๐˜ต๐˜ฆ๐˜ณ๐˜ณ๐˜ฐ๐˜ณ๐˜ช๐˜ด๐˜ฎ ๐˜ง๐˜ช๐˜ฏ๐˜ข๐˜ฏ๐˜ค๐˜ช๐˜ฏ๐˜จ; ๐˜ธ๐˜ฉ๐˜ฆ๐˜ต๐˜ฉ๐˜ฆ๐˜ณ ๐˜ช๐˜ต'๐˜ด ๐˜ฎ๐˜ฐ๐˜ฏ๐˜ฆ๐˜บ ๐˜ญ๐˜ข๐˜ถ๐˜ฏ๐˜ฅ๐˜ฆ๐˜ณ๐˜ช๐˜ฏ๐˜จ; ๐˜ต๐˜ฉ๐˜ฆ๐˜ด๐˜ฆ ๐˜ข๐˜ณ๐˜ฆ ๐˜ต๐˜ฉ๐˜ช๐˜ฏ๐˜จ๐˜ด, ๐˜ต๐˜ฉ๐˜ข๐˜ต, ๐˜ง๐˜ณ๐˜ฐ๐˜ฎ ๐˜ช๐˜ต๐˜ด ๐˜ค๐˜ฐ๐˜ณ๐˜ฆ, ๐˜™๐˜ช๐˜ฑ๐˜ฑ๐˜ญ๐˜ฆ ๐˜ณ๐˜ฆ๐˜ข๐˜ญ๐˜ญ๐˜บ ๐˜ฉ๐˜ข๐˜ด ๐˜ฃ๐˜ฆ๐˜ฆ๐˜ฏ ๐˜ง๐˜ฐ๐˜ค๐˜ถ๐˜ด๐˜ฆ๐˜ฅ ๐˜ฐ๐˜ฏ ๐˜ฎ๐˜ข๐˜ฌ๐˜ช๐˜ฏ๐˜จ ๐˜ด๐˜ถ๐˜ณ๐˜ฆ ๐˜ธ๐˜ฆ'๐˜ณ๐˜ฆ ๐˜ฑ๐˜ข๐˜ณ๐˜ต๐˜ฏ๐˜ฆ๐˜ณ๐˜ช๐˜ฏ๐˜จ ๐˜ธ๐˜ช๐˜ต๐˜ฉ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฆ๐˜น๐˜ช๐˜ด๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜ด๐˜บ๐˜ด๐˜ต๐˜ฆ๐˜ฎ.

๐˜›๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ ๐˜ช๐˜ด ๐˜ข ๐˜ฉ๐˜ถ๐˜จ๐˜ฆ ๐˜ฐ๐˜ฑ๐˜ฑ๐˜ฐ๐˜ณ๐˜ต๐˜ถ๐˜ฏ๐˜ช๐˜ต๐˜บ ๐˜ต๐˜ฐ ๐˜ค๐˜ฉ๐˜ข๐˜ฏ๐˜จ๐˜ฆ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ธ๐˜ข๐˜บ ๐˜ง๐˜ช๐˜ฏ๐˜ข๐˜ฏ๐˜ค๐˜ช๐˜ข๐˜ญ ๐˜ด๐˜บ๐˜ด๐˜ต๐˜ฆ๐˜ฎ๐˜ด ๐˜ธ๐˜ฐ๐˜ณ๐˜ฌ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ช๐˜ด ๐˜ท๐˜ฆ๐˜ณ๐˜บ ๐˜ฃ๐˜ฆ๐˜ฏ๐˜ฆ๐˜ง๐˜ช๐˜ค๐˜ช๐˜ข๐˜ญ ๐˜ต๐˜ฐ ๐˜ค๐˜ฐ๐˜ฏ๐˜ด๐˜ถ๐˜ฎ๐˜ฆ๐˜ณ๐˜ด, ๐˜ฃ๐˜ถ๐˜ด๐˜ช๐˜ฏ๐˜ฆ๐˜ด๐˜ด๐˜ฆ๐˜ด, ๐˜ฆ๐˜ต๐˜ค...

... ๐˜‰๐˜ถ๐˜ต ๐˜ข๐˜จ๐˜ข๐˜ช๐˜ฏ, ๐˜ช๐˜ต'๐˜ด ๐˜ฏ๐˜ฐ๐˜ต ๐˜ค๐˜ฐ๐˜ฎ๐˜ฑ๐˜ฆ๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜ธ๐˜ช๐˜ต๐˜ฉ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฃ๐˜ข๐˜ฏ๐˜ฌ๐˜ด.

๐˜ ๐˜ฐ๐˜ถ ๐˜ฌ๐˜ฏ๐˜ฐ๐˜ธ, ๐˜‹๐˜ข๐˜ท๐˜ช๐˜ฅ ๐˜”๐˜ข๐˜ณ๐˜ค๐˜ถ๐˜ด ๐˜ค๐˜ข๐˜ฎ๐˜ฆ ๐˜ฐ๐˜ถ๐˜ต ๐˜ธ๐˜ฉ๐˜ฆ๐˜ฏ ๐˜ฉ๐˜ฆ ๐˜ข๐˜ฏ๐˜ฏ๐˜ฐ๐˜ถ๐˜ฏ๐˜ค๐˜ฆ๐˜ฅ ๐˜“๐˜ช๐˜ฃ๐˜ณ๐˜ข, ๐˜ข๐˜ฏ๐˜ฅ ๐˜ด๐˜ข๐˜ช๐˜ฅ '๐˜ต๐˜ฉ๐˜ช๐˜ด ๐˜ด๐˜ฑ๐˜ฆ๐˜ญ๐˜ญ๐˜ด ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฆ๐˜ฏ๐˜ฅ ๐˜ฐ๐˜ง ๐˜ž๐˜ฆ๐˜ด๐˜ต๐˜ฆ๐˜ณ๐˜ฏ ๐˜œ๐˜ฏ๐˜ช๐˜ฐ๐˜ฏ.' ๐˜›๐˜ฉ๐˜ข๐˜ต ๐˜ธ๐˜ข๐˜ด ๐˜ข ๐˜ฉ๐˜ถ๐˜จ๐˜ฆ ๐˜ค๐˜ข๐˜ญ๐˜ญ ๐˜ต๐˜ฐ ๐˜ข๐˜ค๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ต๐˜ฐ ๐˜ฃ๐˜ข๐˜ฏ๐˜ฌ๐˜ด ๐˜ข๐˜ณ๐˜ฐ๐˜ถ๐˜ฏ๐˜ฅ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ธ๐˜ฐ๐˜ณ๐˜ญ๐˜ฅ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ฉ๐˜ข๐˜ท๐˜ฆ ๐˜ฃ๐˜ฆ๐˜ฆ๐˜ฏ ๐˜ธ๐˜ข๐˜ต๐˜ค๐˜ฉ๐˜ช๐˜ฏ๐˜จ ๐˜ฃ๐˜ช๐˜จ ๐˜ต๐˜ฆ๐˜ค๐˜ฉ ๐˜ฑ๐˜ญ๐˜ข๐˜บ๐˜ฆ๐˜ณ๐˜ด ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ต๐˜ฉ๐˜ฆ๐˜บ'๐˜ณ๐˜ฆ ๐˜ง๐˜ฆ๐˜ข๐˜ณ๐˜ง๐˜ถ๐˜ญ ๐˜ข๐˜ณ๐˜ฆ ๐˜จ๐˜ฐ๐˜ช๐˜ฏ๐˜จ ๐˜ต๐˜ฐ ๐˜ค๐˜ฐ๐˜ฎ๐˜ฆ ๐˜ช๐˜ฏ๐˜ต๐˜ฐ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ด๐˜ฑ๐˜ข๐˜ค๐˜ฆ.

... ๐˜ž๐˜ฆ ๐˜ฏ๐˜ฆ๐˜ฆ๐˜ฅ ๐˜ณ๐˜ฆ๐˜จ๐˜ถ๐˜ญ๐˜ข๐˜ต๐˜ฐ๐˜ณ๐˜บ ๐˜ค๐˜ญ๐˜ข๐˜ณ๐˜ช๐˜ต๐˜บ. ๐˜ ๐˜ฎ๐˜ฆ๐˜ข๐˜ฏ, ๐˜ฆ๐˜ท๐˜ฆ๐˜ฏ ๐˜ธ๐˜ฉ๐˜ข๐˜ต ๐˜บ๐˜ฐ๐˜ถ ๐˜ด๐˜ข๐˜ธ ๐˜ง๐˜ณ๐˜ฐ๐˜ฎ ๐˜๐˜ข๐˜ค๐˜ฆ๐˜ฃ๐˜ฐ๐˜ฐ๐˜ฌ ๐˜ธ๐˜ช๐˜ต๐˜ฉ ๐˜“๐˜ช๐˜ฃ๐˜ณ๐˜ข; ๐˜ต๐˜ฉ๐˜ฆ ๐˜ธ๐˜ฉ๐˜ช๐˜ต๐˜ฆ๐˜ฑ๐˜ข๐˜ฑ๐˜ฆ๐˜ณ ๐˜ข๐˜ณ๐˜ต๐˜ช๐˜ค๐˜ถ๐˜ญ๐˜ข๐˜ต๐˜ฆ๐˜ด ๐˜ข ๐˜ฑ๐˜ญ๐˜ข๐˜ฏ ๐˜ฐ๐˜ง ๐˜จ๐˜ฐ๐˜ช๐˜ฏ๐˜จ ๐˜ต๐˜ฐ ๐˜š๐˜ธ๐˜ช๐˜ต๐˜ป๐˜ฆ๐˜ณ๐˜ญ๐˜ข๐˜ฏ๐˜ฅ ๐˜ต๐˜ฐ ๐˜ฉ๐˜ข๐˜ท๐˜ฆ ๐˜ช๐˜ต ๐˜ณ๐˜ฆ๐˜จ๐˜ถ๐˜ญ๐˜ข๐˜ต๐˜ฆ๐˜ฅ ๐˜ฐ๐˜ถ๐˜ต ๐˜ฐ๐˜ง ๐˜š๐˜ธ๐˜ช๐˜ต๐˜ป๐˜ฆ๐˜ณ๐˜ญ๐˜ข๐˜ฏ๐˜ฅ; ๐˜ข๐˜ฏ๐˜ฅ ๐˜ข๐˜ญ๐˜ต๐˜ฉ๐˜ฐ๐˜ถ๐˜จ๐˜ฉ ๐˜ต๐˜ฉ๐˜ฆ๐˜บ ๐˜ฉ๐˜ข๐˜ท๐˜ฆ๐˜ฏ'๐˜ต ๐˜ด๐˜ฑ๐˜ฐ๐˜ฌ๐˜ฆ๐˜ฏ ๐˜ต๐˜ฐ ๐˜ต๐˜ฉ๐˜ฆ ๐˜š๐˜ธ๐˜ช๐˜ด๐˜ด ๐˜ณ๐˜ฆ๐˜จ๐˜ถ๐˜ญ๐˜ข๐˜ต๐˜ฐ๐˜ณ, ๐˜ ๐˜ต๐˜ฉ๐˜ช๐˜ฏ๐˜ฌ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ธ๐˜ข๐˜ด ๐˜ต๐˜ฉ๐˜ฆ ๐˜ณ๐˜ช๐˜จ๐˜ฉ๐˜ต ๐˜ต๐˜ฉ๐˜ฐ๐˜ถ๐˜จ๐˜ฉ๐˜ต ๐˜ฐ๐˜ง '๐˜ฉ๐˜ฆ๐˜บ... ๐˜ต๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ'๐˜ด ๐˜ณ๐˜ฆ๐˜จ๐˜ถ๐˜ญ๐˜ข๐˜ต๐˜ฐ๐˜ณ๐˜บ ๐˜ค๐˜ญ๐˜ข๐˜ณ๐˜ช๐˜ต๐˜บ ๐˜ช๐˜ฏ ๐˜š๐˜ธ๐˜ช๐˜ต๐˜ป๐˜ฆ๐˜ณ๐˜ญ๐˜ข๐˜ฏ๐˜ฅ.' ๐˜ˆ๐˜ฏ๐˜ฅ ๐˜ ๐˜ต๐˜ฉ๐˜ช๐˜ฏ๐˜ฌ ๐˜ต๐˜ฉ๐˜ฆ ๐˜œ๐˜š, ๐˜ช๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ญ๐˜ข๐˜ต๐˜ฆ ๐˜ฏ๐˜ช๐˜ฏ๐˜ฆ๐˜ต๐˜ช๐˜ฆ๐˜ด, ๐˜ค๐˜ณ๐˜ฆ๐˜ข๐˜ต๐˜ฆ๐˜ฅ ๐˜ค๐˜ญ๐˜ข๐˜ณ๐˜ช๐˜ต๐˜บ ๐˜ข๐˜ณ๐˜ฐ๐˜ถ๐˜ฏ๐˜ฅ ๐˜ฉ๐˜ฐ๐˜ธ ๐˜ต๐˜ฉ๐˜ฆ ๐˜๐˜ฏ๐˜ต๐˜ฆ๐˜ณ๐˜ฏ๐˜ฆ๐˜ต ๐˜ด๐˜ฉ๐˜ฐ๐˜ถ๐˜ญ๐˜ฅ ๐˜ฃ๐˜ฆ ๐˜ณ๐˜ฆ๐˜จ๐˜ถ๐˜ญ๐˜ข๐˜ต๐˜ฆ๐˜ฅ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ด๐˜ฐ ๐˜ ๐˜ต๐˜ฉ๐˜ช๐˜ฏ๐˜ฌ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ด๐˜ข๐˜ฎ๐˜ฆ ๐˜ต๐˜ฉ๐˜ช๐˜ฏ๐˜จ ๐˜ค๐˜ข๐˜ฏ ๐˜ฉ๐˜ข๐˜ฑ๐˜ฑ๐˜ฆ๐˜ฏ ๐˜ข๐˜ณ๐˜ฐ๐˜ถ๐˜ฏ๐˜ฅ ๐˜ฃ๐˜ญ๐˜ฐ๐˜ค๐˜ฌ๐˜ค๐˜ฉ๐˜ข๐˜ช๐˜ฏ.

๐˜›๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ ๐˜ข๐˜ณ๐˜ฆ ๐˜ด๐˜ฐ๐˜ฎ๐˜ฆ ๐˜ข๐˜ณ๐˜ฆ๐˜ข๐˜ด ๐˜ธ๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ ๐˜ต๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ'๐˜ด ๐˜ฏ๐˜ฐ๐˜ต ๐˜ค๐˜ฆ๐˜ณ๐˜ต๐˜ข๐˜ช๐˜ฏ๐˜ต๐˜บ, ๐˜ฃ๐˜ถ๐˜ต ๐˜ต๐˜ฉ๐˜ฆ ๐˜ด๐˜ฆ๐˜ค๐˜ณ๐˜ฆ๐˜ต๐˜ข๐˜ณ๐˜บ ๐˜ช๐˜ด ๐˜ณ๐˜ช๐˜จ๐˜ฉ๐˜ต: ๐˜ˆ๐˜ต ๐˜ต๐˜ฉ๐˜ฆ ๐˜ค๐˜ฐ๐˜ณ๐˜ฆ, ๐˜ต๐˜ฉ๐˜ฆ ๐˜ง๐˜ถ๐˜ฏ๐˜ฅ๐˜ข๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต๐˜ข๐˜ญ ๐˜ง๐˜ช๐˜ฏ๐˜ข๐˜ฏ๐˜ค๐˜ช๐˜ข๐˜ญ ๐˜ณ๐˜ฆ๐˜จ๐˜ถ๐˜ญ๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ๐˜ด ๐˜ข๐˜ณ๐˜ฐ๐˜ถ๐˜ฏ๐˜ฅ ๐˜’๐˜ ๐˜Š, ๐˜ฐ๐˜ณ '๐˜ฌ๐˜ฏ๐˜ฐ๐˜ธ ๐˜บ๐˜ฐ๐˜ถ๐˜ณ ๐˜ค๐˜ถ๐˜ด๐˜ต๐˜ฐ๐˜ฎ๐˜ฆ๐˜ณ,' ๐˜ข๐˜ฏ๐˜ฅ ๐˜ˆ๐˜”๐˜“, '๐˜ข๐˜ฏ๐˜ต๐˜ช-๐˜ฎ๐˜ฐ๐˜ฏ๐˜ฆ๐˜บ ๐˜ญ๐˜ข๐˜ถ๐˜ฏ๐˜ฅ๐˜ฆ๐˜ณ๐˜ช๐˜ฏ๐˜จ;' ๐˜ต๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ ๐˜ฉ๐˜ข๐˜ด ๐˜ต๐˜ฐ ๐˜ฃ๐˜ฆ ๐˜ข ๐˜ญ๐˜ฆ๐˜ท๐˜ฆ๐˜ญ ๐˜ฑ๐˜ญ๐˜ข๐˜บ๐˜ช๐˜ฏ๐˜จ ๐˜ง๐˜ช๐˜ฆ๐˜ญ๐˜ฅ ๐˜ฃ๐˜ฐ๐˜ต๐˜ฉ ๐˜ง๐˜ฐ๐˜ณ ๐˜ฏ๐˜ฆ๐˜ธ ๐˜ฆ๐˜ฏ๐˜ต๐˜ณ๐˜ข๐˜ฏ๐˜ต๐˜ด ๐˜ข๐˜ด ๐˜ธ๐˜ฆ๐˜ญ๐˜ญ ๐˜ข๐˜ด ๐˜ญ๐˜ฆ๐˜จ๐˜ข๐˜ค๐˜บ ๐˜ฆ๐˜ฏ๐˜ต๐˜ณ๐˜ข๐˜ฏ๐˜ต๐˜ด."

It was a powerful interview, and served to add additional clarity onto Brad Garlinghouse's multi-tweet that he'd sent out directly after Steven Mnuchin's press conference on July 15แต—สฐ.

My take on this topic is that there is very little appetite for trusting Facebook enough to give them a 'pass' on traditional bank requirements such as AML or KYC, and that the US, among a list of other countries, is going to hold Facebook accountable for these regulatory requirements.

Ripple, on the other hand, has years of practical experience navigating these same regulatory requirements, and my guess is that banks, corporates, and remittance processors know and understand this key difference, as well as the regulators that are familiar with blockchain technology and the major players involved.

Even though the interview may not have contained many surprises, it was still an effective and high-profile communication from Ripple's CEO, and I recommend XRP fans listen to what was said.

SWELL 2019 Taking Shape

SWELL 2019 is more well-defined, and the official website has been updated with a new look and feel, along with fresh information about the agenda during the two-day annual conference.

It was February of this year when Amy Hirth, Ripple's Head of Global Events confirmed that Singapore would be the next destination city for SWELL, and the site has been updated with that theme. The conference will take place over a Thursday and Friday, November 7แต—สฐ and 8แต—สฐ.

Like prior years, the event will feature a concept of 'FlashTalks' along with traditional presentations. In prior years, Ripple has dramatically announced the keynote plans for its SWELL Conference, and I expect this year will be consistent; thus far we don't know who these specific speakers will be.

If you want to attend personally this year, the site also has a link to request an invitation: https://swell.ripple.com/#

Boubyan Bank

Boubyan Bank is a Kuwaiti Islamic bank with 44 branches throughout the oil-rich country. ยน ยฒ

Ripple has been making enormous progress in the Middle East, and Boubyan Bank is the latest to join RippleNet; on July 18แต—สฐ, the bank announced that they'd joined the network. Several news sites covered the announcement, which quoted officials from the bank, including the Deputy CEO of the bank, Abdullah Al-Tuwaijri, who indicated that Boubyan Bank will soon begin to offer fund settlement to any location worldwide by using RippleNet.

The announcement was fantastic news, and adds one more bank to the growing list of banks that have added RippleNet to their technology stack.

Thanks to XrpCenter (Twitter avatar) for his update on Boubyan Bank.

Coil

A little over a month ago, Coil advertised a new program for content creators that have decided to help pioneer its platform. The promotion is called the "Coil Boosting Pilot," and it will continue throughout it's 'boosting period:'

Boosting Period Coil

Coil explained a bit more on their blog about the program:

"๐˜˜๐˜ถ๐˜ข๐˜ญ๐˜ช๐˜ง๐˜บ๐˜ช๐˜ฏ๐˜จ ๐˜ค๐˜ณ๐˜ฆ๐˜ข๐˜ต๐˜ฐ๐˜ณ๐˜ด ๐˜ธ๐˜ช๐˜ญ๐˜ญ ๐˜ฑ๐˜ฆ๐˜ณ๐˜ช๐˜ฐ๐˜ฅ๐˜ช๐˜ค๐˜ข๐˜ญ๐˜ญ๐˜บ ๐˜ณ๐˜ฆ๐˜ค๐˜ฆ๐˜ช๐˜ท๐˜ฆ ๐˜ฃ๐˜ฐ๐˜ฐ๐˜ด๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜ฑ๐˜ข๐˜บ๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต๐˜ด ๐˜ฐ๐˜ฏ ๐˜ต๐˜ฐ๐˜ฑ ๐˜ฐ๐˜ง ๐˜ต๐˜ฉ๐˜ฆ๐˜ช๐˜ณ ๐˜ณ๐˜ฆ๐˜จ๐˜ถ๐˜ญ๐˜ข๐˜ณ ๐˜ฆ๐˜ข๐˜ณ๐˜ฏ๐˜ช๐˜ฏ๐˜จ๐˜ด ๐˜ง๐˜ณ๐˜ฐ๐˜ฎ ๐˜Š๐˜ฐ๐˜ช๐˜ญ. ๐˜๐˜ฏ๐˜ช๐˜ต๐˜ช๐˜ข๐˜ญ๐˜ญ๐˜บ, ๐˜ธ๐˜ฆ ๐˜ธ๐˜ช๐˜ญ๐˜ญ ๐˜ด๐˜ฆ๐˜ฏ๐˜ฅ ๐˜ฃ๐˜ฐ๐˜ฐ๐˜ด๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜ฑ๐˜ข๐˜บ๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต๐˜ด ๐˜ฐ๐˜ฏ ๐˜ข ๐˜ฎ๐˜ฐ๐˜ฏ๐˜ต๐˜ฉ๐˜ญ๐˜บ ๐˜ฃ๐˜ข๐˜ด๐˜ช๐˜ด, ๐˜ฃ๐˜ถ๐˜ต ๐˜ต๐˜ฉ๐˜ฆ ๐˜ง๐˜ณ๐˜ฆ๐˜ฒ๐˜ถ๐˜ฆ๐˜ฏ๐˜ค๐˜บ ๐˜ฎ๐˜ข๐˜บ ๐˜ฆ๐˜ท๐˜ฐ๐˜ญ๐˜ท๐˜ฆ ๐˜ฐ๐˜ท๐˜ฆ๐˜ณ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ค๐˜ฐ๐˜ถ๐˜ณ๐˜ด๐˜ฆ ๐˜ฐ๐˜ง ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฑ๐˜ช๐˜ญ๐˜ฐ๐˜ต."

While the original participants such as myself had already benefited from the first round of payments, Coil's second payment was sent out to me, the original participants, and the new program members on July 17แต—สฐ to the delight of many content creators.

If you're curious to learn more, or would like to sign up for the program yourself, read more about it in Coil's official blog: https://coil.com/p/coil/Coil-s-Boosting-Pilot-for-Creators/n8aqDrVti

Puma Browser

The Puma Browser is a privacy-focused web browser being built by a team of developers led by Yuriy Dybskiy and Sergiy Dybskiy.

Coil has decided to work with the team at Puma to integrate Coil and enhance its functionality as it's used on iOS devices; while browser plugins work too, a close collaboration with a browser development team is much more beneficial to a platform such as Coil.

On July 16แต—สฐ, the Puma official Twitter account sent out an update:

Tweet From Puma Browser Team

The link in their first tweet navigates to the Apple iOS app store, where the Puma browser is available for download.

This is great progress for Puma, and for the Coil subscribers who would like to read Coil articles over iOS devices. Congrats to the team at Puma on their latest deployment.

DWeb

DWeb - short for 'Decentralized Web' - bills itself as more than a conference. Its official site indicates:

"๐˜‹๐˜ž๐˜ฆ๐˜ฃ ๐˜Š๐˜ข๐˜ฎ๐˜ฑ ๐˜ช๐˜ด ๐˜ข ๐˜ง๐˜ฐ๐˜ถ๐˜ณ-๐˜ฅ๐˜ข๐˜บ ๐˜ณ๐˜ฆ๐˜ต๐˜ณ๐˜ฆ๐˜ข๐˜ต ๐˜ง๐˜ฐ๐˜ณ ๐˜ฅ๐˜ณ๐˜ฆ๐˜ข๐˜ฎ๐˜ฆ๐˜ณ๐˜ด ๐˜ข๐˜ฏ๐˜ฅ ๐˜ฃ๐˜ถ๐˜ช๐˜ญ๐˜ฅ๐˜ฆ๐˜ณ๐˜ด. ๐˜๐˜ฐ๐˜ณ ๐˜ต๐˜ฉ๐˜ฐ๐˜ด๐˜ฆ ๐˜ธ๐˜ฉ๐˜ฐ ๐˜ธ๐˜ข๐˜ฏ๐˜ต ๐˜ต๐˜ฐ ๐˜ค๐˜ณ๐˜ฆ๐˜ข๐˜ต๐˜ฆ ๐˜ข ๐˜ž๐˜ฆ๐˜ฃ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ช๐˜ด ๐˜ฎ๐˜ฐ๐˜ณ๐˜ฆ ๐˜ฐ๐˜ฑ๐˜ฆ๐˜ฏ, ๐˜ฑ๐˜ณ๐˜ช๐˜ท๐˜ข๐˜ต๐˜ฆ, ๐˜ด๐˜ฆ๐˜ค๐˜ถ๐˜ณ๐˜ฆ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ง๐˜ถ๐˜ฏ. ๐˜ˆ ๐˜‹๐˜ฆ๐˜ค๐˜ฆ๐˜ฏ๐˜ต๐˜ณ๐˜ข๐˜ญ๐˜ช๐˜ป๐˜ฆ๐˜ฅ ๐˜ž๐˜ฆ๐˜ฃ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ช๐˜ด ๐˜ญ๐˜ฐ๐˜ค๐˜ฌ๐˜ฆ๐˜ฅ ๐˜ฐ๐˜ฑ๐˜ฆ๐˜ฏ ๐˜ง๐˜ฐ๐˜ณ ๐˜จ๐˜ฐ๐˜ฐ๐˜ฅ. ๐˜‹๐˜ž๐˜ฆ๐˜ฃ ๐˜Š๐˜ข๐˜ฎ๐˜ฑ ๐˜ช๐˜ด ๐˜ข ๐˜ฑ๐˜ญ๐˜ข๐˜ค๐˜ฆ ๐˜ธ๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ ๐˜ฅ๐˜ช๐˜ท๐˜ฆ๐˜ณ๐˜ด๐˜ฆ ๐˜ฑ๐˜ฆ๐˜ฐ๐˜ฑ๐˜ญ๐˜ฆ ๐˜ค๐˜ข๐˜ฏ ๐˜ง๐˜ณ๐˜ฆ๐˜ฆ๐˜ญ๐˜บ ๐˜ฆ๐˜น๐˜ค๐˜ฉ๐˜ข๐˜ฏ๐˜จ๐˜ฆ ๐˜ช๐˜ฅ๐˜ฆ๐˜ข๐˜ด ๐˜ข๐˜ฃ๐˜ฐ๐˜ถ๐˜ต ๐˜ต๐˜ฉ๐˜ฆ ๐˜ต๐˜ฆ๐˜ค๐˜ฉ๐˜ฏ๐˜ฐ๐˜ญ๐˜ฐ๐˜จ๐˜ช๐˜ฆ๐˜ด, ๐˜ญ๐˜ข๐˜ธ๐˜ด, ๐˜ฎ๐˜ข๐˜ณ๐˜ฌ๐˜ฆ๐˜ต๐˜ด ๐˜ข๐˜ฏ๐˜ฅ ๐˜ข๐˜จ๐˜ณ๐˜ฆ๐˜ฆ๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต๐˜ด ๐˜ธ๐˜ฆ ๐˜ฏ๐˜ฆ๐˜ฆ๐˜ฅ ๐˜ต๐˜ฐ ๐˜ฎ๐˜ฐ๐˜ท๐˜ฆ ๐˜ง๐˜ฐ๐˜ณ๐˜ธ๐˜ข๐˜ณ๐˜ฅ."

In fact, the retreat is located on a farm overlooking the Pacific Ocean, nearby San Francisco. It's a convenient location, because I'm guessing that most of the developers attending the multi-day gathering live around the Bay area.

The gathering started in 2016, and takes its work very seriously. The theme for 2018 motivated entrepreneurs and other attendees to follow-through on the ideas, echoing concepts from Larry Lessig, the founder of Creative Commons: ยณ

"... ๐˜ต๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ ๐˜ข๐˜ณ๐˜ฆ ๐˜ง๐˜ฐ๐˜ถ๐˜ณ ๐˜ณ๐˜ฆ๐˜จ๐˜ถ๐˜ญ๐˜ข๐˜ต๐˜ฐ๐˜ณ๐˜ด ๐˜ฏ๐˜ฆ๐˜ฆ๐˜ฅ๐˜ฆ๐˜ฅ ๐˜ต๐˜ฐ ๐˜ค๐˜ฉ๐˜ข๐˜ฏ๐˜จ๐˜ฆ ๐˜ด๐˜ฐ๐˜ค๐˜ช๐˜ฆ๐˜ต๐˜บ: ๐˜ต๐˜ฆ๐˜ค๐˜ฉ, ๐˜ต๐˜ฉ๐˜ฆ ๐˜ญ๐˜ข๐˜ธ๐˜ด, ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฎ๐˜ข๐˜ณ๐˜ฌ๐˜ฆ๐˜ต๐˜ด ๐˜ข๐˜ฏ๐˜ฅ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฏ๐˜ฐ๐˜ณ๐˜ฎ๐˜ด."

The retreat advertised Adrian Hope-Bailie, Head of Services at Coil, as one of its speakers, and published an in-depth profile (I'd call it a short biography) of Stefan Thomas.

The profile by Shannon Wu provided background on Stefan Thomas including his early 'Bitcoin years', and summarized his professional history after joining Ripple as well, ending with his thoughts about Coil and the topic of scaling.

Here is the one excerpt from Shannon Wu's article that I found most interesting:

"๐˜ˆ ๐˜ฃ๐˜ช๐˜จ ๐˜ต๐˜ข๐˜ฌ๐˜ฆ๐˜ข๐˜ธ๐˜ข๐˜บ ๐˜ช๐˜ฏ ๐˜ฉ๐˜ช๐˜ด ๐˜ค๐˜ฐ๐˜ฏ๐˜ต๐˜ณ๐˜ช๐˜ฃ๐˜ถ๐˜ต๐˜ช๐˜ฐ๐˜ฏ๐˜ด ๐˜ต๐˜ฐ ๐˜ฅ๐˜ฆ๐˜ค๐˜ฆ๐˜ฏ๐˜ต๐˜ณ๐˜ข๐˜ญ๐˜ช๐˜ป๐˜ฆ๐˜ฅ ๐˜ต๐˜ฆ๐˜ค๐˜ฉ๐˜ฏ๐˜ฐ๐˜ญ๐˜ฐ๐˜จ๐˜บ ๐˜ฉ๐˜ข๐˜ด ๐˜ฃ๐˜ฆ๐˜ฆ๐˜ฏ ๐˜ข๐˜ฏ ๐˜ถ๐˜ฏ๐˜ฅ๐˜ฆ๐˜ณ๐˜ด๐˜ต๐˜ข๐˜ฏ๐˜ฅ๐˜ช๐˜ฏ๐˜จ ๐˜ช๐˜ฏ ๐˜ฉ๐˜ฐ๐˜ธ ๐˜ค๐˜ฐ๐˜ฎ๐˜ฑ๐˜ญ๐˜ฆ๐˜น๐˜ช๐˜ต๐˜บ ๐˜ค๐˜ข๐˜ฏ ๐˜ค๐˜ณ๐˜ฆ๐˜ฆ๐˜ฑ ๐˜ถ๐˜ฑ ๐˜ฐ๐˜ฏ ๐˜ธ๐˜ฆ๐˜ญ๐˜ญ-๐˜ช๐˜ฏ๐˜ต๐˜ฆ๐˜ฏ๐˜ต๐˜ช๐˜ฐ๐˜ฏ๐˜ฆ๐˜ฅ ๐˜ด๐˜ฐ๐˜ง๐˜ต๐˜ธ๐˜ข๐˜ณ๐˜ฆ ๐˜ข๐˜ณ๐˜ค๐˜ฉ๐˜ช๐˜ต๐˜ฆ๐˜ค๐˜ต๐˜ด ๐˜ข๐˜ฏ๐˜ฅ ๐˜ฎ๐˜ข๐˜ฌ๐˜ฆ ๐˜ข ๐˜ฑ๐˜ณ๐˜ฐ๐˜ซ๐˜ฆ๐˜ค๐˜ต ๐˜ช๐˜ฏ๐˜ค๐˜ณ๐˜ฆ๐˜ข๐˜ด๐˜ช๐˜ฏ๐˜จ๐˜ญ๐˜บ ๐˜ฅ๐˜ช๐˜ง๐˜ง๐˜ช๐˜ค๐˜ถ๐˜ญ๐˜ต ๐˜ต๐˜ฐ ๐˜ฎ๐˜ข๐˜ฏ๐˜ข๐˜จ๐˜ฆ.

๐˜”๐˜ข๐˜ฏ๐˜บ ๐˜ฅ๐˜ฆ๐˜ท๐˜ฆ๐˜ญ๐˜ฐ๐˜ฑ๐˜ฆ๐˜ณ๐˜ด ๐˜ธ๐˜ช๐˜ญ๐˜ญ ๐˜ฉ๐˜ข๐˜ฑ๐˜ฑ๐˜ช๐˜ญ๐˜บ ๐˜ฃ๐˜ถ๐˜ช๐˜ญ๐˜ฅ ๐˜ค๐˜ฐ๐˜ฎ๐˜ฑ๐˜ญ๐˜ฆ๐˜น ๐˜ต๐˜ฆ๐˜ค๐˜ฉ๐˜ฏ๐˜ฐ๐˜ญ๐˜ฐ๐˜จ๐˜บ ๐˜ข๐˜ด ๐˜ญ๐˜ฐ๐˜ฏ๐˜จ ๐˜ข๐˜ด ๐˜ต๐˜ฉ๐˜ฆ๐˜บ ๐˜ง๐˜ฆ๐˜ฆ๐˜ญ ๐˜ต๐˜ฉ๐˜ฆ๐˜บ ๐˜ฉ๐˜ข๐˜ท๐˜ฆ ๐˜ข ๐˜จ๐˜ฐ๐˜ฐ๐˜ฅ ๐˜ฉ๐˜ข๐˜ฏ๐˜ฅ๐˜ญ๐˜ฆ ๐˜ฐ๐˜ฏ ๐˜ช๐˜ต. ๐˜‰๐˜ถ๐˜ต ๐˜ต๐˜ฉ๐˜ช๐˜ด ๐˜ฐ๐˜ง๐˜ต๐˜ฆ๐˜ฏ ๐˜ฎ๐˜ข๐˜ฌ๐˜ฆ๐˜ด ๐˜ช๐˜ต ๐˜ท๐˜ฆ๐˜ณ๐˜บ ๐˜ฅ๐˜ช๐˜ง๐˜ง๐˜ช๐˜ค๐˜ถ๐˜ญ๐˜ต ๐˜ต๐˜ฐ ๐˜ฑ๐˜ณ๐˜ฆ๐˜ฅ๐˜ช๐˜ค๐˜ต ๐˜ฉ๐˜ฐ๐˜ธ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ด๐˜บ๐˜ด๐˜ต๐˜ฆ๐˜ฎ ๐˜ธ๐˜ช๐˜ญ๐˜ญ ๐˜ฃ๐˜ฆ๐˜ฉ๐˜ข๐˜ท๐˜ฆ ๐˜ถ๐˜ฏ๐˜ฅ๐˜ฆ๐˜ณ ๐˜ญ๐˜ฐ๐˜ข๐˜ฅ, ๐˜ง๐˜ฐ๐˜ณ ๐˜ช๐˜ฏ๐˜ด๐˜ต๐˜ข๐˜ฏ๐˜ค๐˜ฆ ๐˜ธ๐˜ฉ๐˜ฆ๐˜ฏ ๐˜ข ๐˜ญ๐˜ฐ๐˜ต ๐˜ฐ๐˜ง ๐˜ฎ๐˜ฐ๐˜ฏ๐˜ฆ๐˜บ ๐˜ช๐˜ด ๐˜ข๐˜ฅ๐˜ฅ๐˜ฆ๐˜ฅ ๐˜ช๐˜ฏ๐˜ต๐˜ฐ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฆ๐˜ฒ๐˜ถ๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ โ€” ๐˜ข ๐˜ณ๐˜ฆ๐˜ค๐˜ช๐˜ฑ๐˜ฆ ๐˜ง๐˜ฐ๐˜ณ ๐˜ฅ๐˜ช๐˜ด๐˜ข๐˜ด๐˜ต๐˜ฆ๐˜ณ.

๐˜š๐˜ต๐˜ฆ๐˜ง๐˜ข๐˜ฏ ๐˜ค๐˜ฐ๐˜ฏ๐˜ต๐˜ฆ๐˜ฏ๐˜ฅ๐˜ด ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ฅ๐˜ฆ๐˜ท๐˜ฆ๐˜ญ๐˜ฐ๐˜ฑ๐˜ฆ๐˜ณ๐˜ด ๐˜ด๐˜ฉ๐˜ฐ๐˜ถ๐˜ญ๐˜ฅ ๐˜ฃ๐˜ฆ ๐˜ฎ๐˜ฐ๐˜ณ๐˜ฆ ๐˜ฉ๐˜ถ๐˜ฎ๐˜ฃ๐˜ญ๐˜ฆ ๐˜ช๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ข๐˜ฎ๐˜ฃ๐˜ช๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ฐ๐˜ง ๐˜ธ๐˜ฉ๐˜ข๐˜ต ๐˜ต๐˜ฉ๐˜ฆ๐˜บ ๐˜ข๐˜ณ๐˜ฆ ๐˜ต๐˜ณ๐˜บ๐˜ช๐˜ฏ๐˜จ ๐˜ต๐˜ฐ ๐˜ฃ๐˜ถ๐˜ช๐˜ญ๐˜ฅ, ๐˜ข๐˜ฏ๐˜ฅ ๐˜ฏ๐˜ฐ๐˜ต ๐˜ฑ๐˜ถ๐˜ด๐˜ฉ ๐˜ต๐˜ฉ๐˜ช๐˜ฏ๐˜จ๐˜ด ๐˜ต๐˜ฐ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ข๐˜ฃ๐˜ด๐˜ฐ๐˜ญ๐˜ถ๐˜ต๐˜ฆ ๐˜ฎ๐˜ข๐˜น๐˜ช๐˜ฎ๐˜ถ๐˜ฎ, ๐˜ฃ๐˜ถ๐˜ต ๐˜ฃ๐˜ถ๐˜ช๐˜ญ๐˜ฅ ๐˜ช๐˜ฏ ๐˜ข โ€œ๐˜ค๐˜ฐ๐˜ฎ๐˜ฑ๐˜ญ๐˜ฆ๐˜น๐˜ช๐˜ต๐˜บ ๐˜ด๐˜ข๐˜ง๐˜ฆ๐˜ต๐˜บ ๐˜ฎ๐˜ข๐˜ณ๐˜จ๐˜ช๐˜ฏโ€ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ข๐˜ท๐˜ฐ๐˜ช๐˜ฅ๐˜ด ๐˜ต๐˜ฉ๐˜ฆ๐˜ฎ ๐˜จ๐˜ฆ๐˜ต๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜ฐ๐˜ท๐˜ฆ๐˜ณ๐˜ธ๐˜ฉ๐˜ฆ๐˜ญ๐˜ฎ๐˜ฆ๐˜ฅ ๐˜ข๐˜ด ๐˜ต๐˜ฉ๐˜ฆ ๐˜ด๐˜บ๐˜ด๐˜ต๐˜ฆ๐˜ฎ ๐˜จ๐˜ณ๐˜ฐ๐˜ธ๐˜ด."

These subtle realizations that can be valuable to entrepreneurs in the blockchain technology space; building applications that may 'go viral' is challenging enough. When money is added to the mix, it can spell complexities that were difficult to anticipate in the beginning.

These sorts of wise perspectives are why I am confident in the ecosystem being built around XRP; there is little substitute for the real-world experience that the team at Coil and other Xpring companies bring to bear on the problems they are attempting to solve.

XRP News

One of the strongest points about XRP is the strength of its championing organizations.

I've written about this in the past, expounding on the enormous benefits from Ripple's ability to promote both XRP and its various use cases through the expanding Internet of Value (IoV). In addition, Xpring companies - those that have received an investment of value from Ripple through its initiative - have provided an enormous boost to utility as well, even though only a year has passed since the program start date.

So you may wonder about the latest news; the forming of a new non-profit organization to help organize efforts around the XRP Community Fund:

XRP Community Fund

The XRP Community Fund was started by a donation from Wietse Wind and several other XRP Community members, when they received bug bounties from exchanges and other XRP ecosystem stakeholders. It's already been used to finance the creation of a payment plugin.

To formalize the process, and to establish a more permanent organization to oversee what could be material amounts of community investment in the future, a small group based in the Netherlands has decided to found a nonprofit to help administer the fund and to provide a central community organization that can coordinate and channel community-based development on the XRP Ledger.

The nonprofit foundation will have eight original board members with voting privileges, including:
@WietseWind
@Mr_HvD
@Tom_Kuster
@HammerToe
@bob_way
@CinnappleFun
@haydentiff
@Hodor

The foundation has three directors, as prescribed by Dutch law:
@WietseWind
@Mr_HvD
@Tom_Kuster

Therefore, these three directors will each have a 'signing weight' of 2 for releasing XRP funds, and the rest of the board members will have a 'signing weight' of 1. The quorum will be 5 votes, so that the three directors can use funds at their discretion to pay the bills of the foundation, etc, and the remaining 5 members, including me, can override these directors on other matters if necessary.

The composition and organization of the Community Fund Board will proceed with these rough checks and balances for the time being.

Note: If you're wondering what I'm referring to about the concepts of 'signing weight' and 'quorum,' please refer to the documentation for a multi-signature wallet here: https://xrpl.org/known-amendments.html#multisign

While the new organization is relatively small, it has the potential of growing as large as other crypto-sponsoring nonprofit foundations. It's great to have yet one more motivated and determined group helping to champion XRP adoption, and I'm honored to be a part of it.

XRP Addresses

XRP is different than other networks in some respects; one of these differences is that it requires a reserve amount for each wallet, as a type of spam prevention.

This requirement is effective, but it has resulted in many exchanges opting to have just one wallet, and then separate their customers' accounts using the 'tag' system.

A tag is a small data element for each transaction that takes place on the XRP Ledger. When large exchanges accept XRP deposits, they normally require the sender to specify a specific tag number that will then correlate to a specific person.

This approach allows the exchange to avoid creating thousands of wallets, but it also can result in confusion from those looking to trade in XRP. If they were previously used to Bitcoin, for example, they may not understand that they must specify two fields when sending XRP, not just one, especially if it's to an exchange.

After years of watching this play out, Nik Bougalis from Ripple proposed the usage of a new field outside of the XRP Ledger, that would combine both fields, so that the end-user would only need to remember one address:

Nik Bougalis Tweet

The conversation that subsequently took place between Nik Bougalis and other prominent XRP Community developers was tracked at the XRP Community Github repository for those interested in how the conversation and ultimate 'first try' from Wietse Wind developed:
https://github.com/xrp-community/standards-drafts/issues/6

This new derived address will contain both the XRP account address and the tag number for the specific account, but the group was (initially) not clear on the best approach for what the result should look like.

Wietse Wind, the developer of the XRP Tip Bot, decided to bring this concept to fruition after a few weeks of debate, and created code for automatically creating the new combined field, and for de-coding it as well:

Wietse Wind Tweet

The code he created can be reviewed at the following Github repository:

https://www.npmjs.com/package/xrpl-tagged-address-codec

Wietse Wind has also created a website to demonstrate these concepts, which is currently under development.

This is a great innovation, and as long as enough exchanges and other network stakeholders adopt the code, it should prove to simplify the end-user experience in managing XRP, and reduce the occasions where exchanges have to field customer complaints arising from forgotten tag numbers.

Kudos to both Nik Bougalis, Wietse Wind, and all of the XRP Community developers involved in the initial discussion; this approach has the potential of easing adoption, preventing unfortunate mistakes, and generally making custody of XRP easier.

TOML File Specification

MDuo13 is the XRP Chat avatar for Rome Reginelli, who has overseen much of the formal documentation about the XRP Ledger. He's also developed several tools that are frequently used by developers, and has interacted with the community many times over the course of the last few years.

On July 12แต—สฐ, he published a blog explaining a new proposal for a 'TOML File' to be used by validator operators.

It's a voluntary approach for letting other validator operators know more information about the person or organization in charge, and their motivations for running the node. Here is one quote from his blog:

"๐˜›๐˜ฉ๐˜ฆ ๐˜น๐˜ณ๐˜ฑ-๐˜ญ๐˜ฆ๐˜ฅ๐˜จ๐˜ฆ๐˜ณ.๐˜ต๐˜ฐ๐˜ฎ๐˜ญ ๐˜ด๐˜ฑ๐˜ฆ๐˜ค๐˜ช๐˜ง๐˜ช๐˜ค๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ฑ๐˜ณ๐˜ฐ๐˜ท๐˜ช๐˜ฅ๐˜ฆ๐˜ด ๐˜ข ๐˜ง๐˜ญ๐˜ฆ๐˜น๐˜ช๐˜ฃ๐˜ญ๐˜ฆ ๐˜ด๐˜ต๐˜ข๐˜ฏ๐˜ฅ๐˜ข๐˜ณ๐˜ฅ ๐˜ง๐˜ฐ๐˜ณ ๐˜ท๐˜ฐ๐˜ญ๐˜ถ๐˜ฏ๐˜ต๐˜ข๐˜ณ๐˜ช๐˜ญ๐˜บ ๐˜ฑ๐˜ถ๐˜ฃ๐˜ญ๐˜ช๐˜ด๐˜ฉ๐˜ช๐˜ฏ๐˜จ ๐˜ช๐˜ฏ๐˜ง๐˜ฐ๐˜ณ๐˜ฎ๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ข๐˜ฃ๐˜ฐ๐˜ถ๐˜ต ๐˜ธ๐˜ฉ๐˜ฐ ๐˜บ๐˜ฐ๐˜ถ ๐˜ข๐˜ณ๐˜ฆ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ธ๐˜ฉ๐˜ข๐˜ต ๐˜บ๐˜ฐ๐˜ถ'๐˜ณ๐˜ฆ ๐˜ฅ๐˜ฐ๐˜ช๐˜ฏ๐˜จ ๐˜ธ๐˜ช๐˜ต๐˜ฉ ๐˜ต๐˜ฉ๐˜ฆ ๐˜Ÿ๐˜™๐˜— ๐˜“๐˜ฆ๐˜ฅ๐˜จ๐˜ฆ๐˜ณ."

He's also published a tool for others to use to read and display the TOML information from their own site or a third-party site: https://xrpl.org/xrp-ledger-toml-checker.html

I agree with his proposal; even though the TOML file is not cryptographic proof of identity, it's one more piece of information that could be useful for new validator operators to construct their UNLs in the future; One of the goals of continued decentralization is for the XRP Ledger to be able to support multiple recommended UNLs, and these sort of developments will have a positive impact on the future state of the network.

NYC Meetup Complete

@DevNullProd is the Twitter account for a team that operates a data intelligence website called 'Dev Null Productions.'

The site became well-known throughout the XRP Community after one of its developers published the 'Wipple' site, which has many unique visualizations and reports about the state of the XRP Ledger.

The team behind the site recently organized a meetup in New York City on July 16แต—สฐ at a restaurant called Tanner Smiths. They also shared some pics afterwards on Twitter:

DevNull Tweet

For those that may have missed out on the first meetup, @DevNullProd indicated that:

"๐˜ž๐˜ฆ'๐˜ณ๐˜ฆ ๐˜ฑ๐˜ญ๐˜ข๐˜ฏ๐˜ฏ๐˜ช๐˜ฏ๐˜จ ๐˜ฐ๐˜ฏ ๐˜ฅ๐˜ฐ๐˜ช๐˜ฏ๐˜จ ๐˜ต๐˜ฉ๐˜ฆ๐˜ด๐˜ฆ ๐˜ฐ๐˜ฏ ๐˜ข ๐˜ฃ๐˜ช-๐˜ฎ๐˜ฐ๐˜ฏ๐˜ต๐˜ฉ๐˜ญ๐˜บ ๐˜ฃ๐˜ข๐˜ด๐˜ช๐˜ด. ๐˜•๐˜ฆ๐˜น๐˜ต ๐˜ฐ๐˜ฏ๐˜ฆ ๐˜ธ๐˜ช๐˜ญ๐˜ญ ๐˜ฃ๐˜ฆ ๐˜ช๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ ๐˜š๐˜ฆ๐˜ฑ๐˜ต๐˜ฆ๐˜ฎ๐˜ฃ๐˜ฆ๐˜ณ ๐˜ต๐˜ช๐˜ฎ๐˜ฆ-๐˜ง๐˜ณ๐˜ข๐˜ฎ๐˜ฆ!"

It's good to see more XRP meetups start to happen around the world, especially in the major metropolitan areas where large numbers of XRP fans can mingle and connect with each other.

Bitrue

Bitrue just celebrated it's one-year anniversary, having gone live in July of 2018:

Bitrue Tweet

The exchange has made it a point to work closely with the XRP Community, which is a wise move considering the massive interest in XRP that's been reported by other platforms, including eToro. Bitrue decided early on to use XRP as a base currency pairing on its exchange, and has followed up by conducting multiple customer promotions and a 'Power Piggy' program that rewards XRP holders for storing their XRP at the exchange.

On July 19แต—สฐ, the exchange sent out an official notification that they were now also running their own XRP validator:

Bitrue Tweet Validator

For exchanges, wallets, and other applications that interact with the XRP Ledger, running a validator allows them to configure their services against their own technology stack instead of relying on the availability of the XRP validators that Ripple makes available to the public. As more exchanges and other XRP stakeholders decide to run a validator, the strength and resiliency of the entire network expands.

Congratulations to Bitrue on their one-year anniversary, and on their recent decision to run an XRP Validator.

AMA with Curis Wang

In addition to celebrating their one-year anniversary, Bitrue is also hosting an 'Ask Me Anything' (AMA) session with their CEO, Curis Wang:

AMA Curis Wang

In a follow-up over Twitter DM (direct message), Bitrue informed me that their plan is to have a 'live' tweetstorm on Twitter to track the questions and conversations.

In addition, they indicated that some participants whose questions are used may be rewarded with XRP; it's an added incentive for some in the XRP Community to participate and listen to what Curis Wang has to say about XRP, Bitrue, and the cryptomarket.

Coingate

Another business that runs their own XRP Ledger validator is Coingate.

Coingate is a massive crypto payment processor, with connections to a large number of merchants worldwide. Their software allows businesses to accept cryptocurrencies as payment from their customers; it has functions that allow vendors to convert these payment amounts immediately to Euros or US Dollars. The company also offers other services as well, including integration with international wire, SEPA bank transfers, and debit cards. โด

In February of this year, I wrote about how Coingate had added support for XRP, and how they'd also decided to run their own XRP validator.

On July 19แต—สฐ, the platform sent out an official notification that they were now offering 'cash back' on purchases using XRP:

CoinGate Tweet

The team communicated with me over Twitter DM and indicated:

"๐˜š๐˜ต๐˜ข๐˜ณ๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜ฐ๐˜ฏ ๐˜”๐˜ฐ๐˜ฏ๐˜ฅ๐˜ข๐˜บ, ๐˜ข๐˜ญ๐˜ญ ๐˜ต๐˜ฉ๐˜ฐ๐˜ด๐˜ฆ ๐˜ธ๐˜ฉ๐˜ฐ'๐˜ญ๐˜ญ ๐˜ด๐˜ฑ๐˜ฆ๐˜ฏ๐˜ฅ ๐˜Ÿ๐˜™๐˜— ๐˜ข๐˜ต ๐˜ฐ๐˜ถ๐˜ณ ๐˜ท๐˜ฆ๐˜ฏ๐˜ฅ๐˜ฐ๐˜ณ๐˜ด ๐˜ธ๐˜ช๐˜ญ๐˜ญ ๐˜จ๐˜ฆ๐˜ต ๐˜ด๐˜ฐ๐˜ฎ๐˜ฆ ๐˜Ÿ๐˜™๐˜— ๐˜ฃ๐˜ข๐˜ค๐˜ฌ (๐˜ต๐˜ฉ๐˜ช๐˜ด ๐˜ต๐˜ช๐˜ฎ๐˜ฆ 3%) ๐˜ต๐˜ฐ ๐˜ต๐˜ฉ๐˜ฆ๐˜ช๐˜ณ ๐˜ธ๐˜ข๐˜ญ๐˜ญ๐˜ฆ๐˜ต๐˜ด ๐˜ข๐˜ง๐˜ต๐˜ฆ๐˜ณ ๐˜ฆ๐˜ท๐˜ฆ๐˜ณ๐˜บ ๐˜ด๐˜ช๐˜ฏ๐˜จ๐˜ญ๐˜ฆ ๐˜ฑ๐˜ถ๐˜ณ๐˜ค๐˜ฉ๐˜ข๐˜ด๐˜ฆ ๐˜ต๐˜ฉ๐˜ฆ๐˜บ'๐˜ญ๐˜ญ ๐˜ฎ๐˜ข๐˜ฌ๐˜ฆ."

The promotion is good for any purchase between $10 and $10,000 dollars' worth of XRP. The pay-back is provided to the customer in XRP, up to a maximum of 80 XRP. To learn more about it, or if you're curious about how to process a payment with the cash-back option, refer to the company's official blog here: https://blog.coingate.com/2019/07/xrp-cashback/

The other interesting tidbit provided by Coingate was an interesting graphic about how XRP payments have risen to become one of the most popular payment methods on their platform:

Coingate Tweet

The amazing point to me is the last one; 42% of the vendors accepting crypto opted to keep the XRP in its original form. It's a testament to how XRP is quickly achieving recognition as the standard in payments, as well it should; it's one of the only cryptos that can support deterministic settlement in real-time, while others like Bitcoin and Ethereum require users to wait for multiple confirmations that can take over an hour.

Thanks to Coingate, and it's great to see a payment processor offer an incentive like this to those using crypto for payments.

The Digital Asset for Business

XRP is the standard for real-time settlement. It's the standard for speed and scalability. And its ecosystem of tools sets the standard for interoperability.

This combination is a powerful characteristic that financial institutions are looking for when it comes to large-scale payment processing.

In addition, those of us that own XRP benefit from knowing that the most effective and powerful championing organizations are building out the components of the network, and coordinating its expansion into industries that may show explosive new growth over the next year.

To keep up to date on all of the news affecting XRP, subscribe to my blog on Coil; and don't forget to support other writers, musicians, artists, and video bloggers in the XRP Community!

XRP-Symbol-VERYSMALL-2

Artwork and Photography: Thanks to NESA by Makers

References

  1. https://boubyan.bankboubyan.com/en/ways-to-bank/branches/
  2. https://en.wikipedia.org/wiki/Boubyan_Bank
  3. https://dwebcamp.org/about/
  4. https://support.coingate.com/en/1/what-does-coingate-do

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Hodor

Hodor

I blog about Ripple & XRP. FULL DISCLOSURE: All views are my own. I do not work for Ripple; I am not a professional financial analyst, and the majority of my crypto holdings are XRP.

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