Banks and financial institutions are adopting it whilst others are already using it, and most if not all will use XRP in time.
The speed of transactions of XRP is in seconds compared to 3- 5 business working days.
Some interesting potential possibilities that have been discussed in the community about XRPS future….
- XRP will become the world’s currency reserve.
2. Ripples XRP escrow or a large percentage will be signed over to the IMF or the World Bank.
3. XRP will become the global standard for the exchange of value through the Internet of Value web.
The McKinsey assessment gave high marks to Ripple and in light of Ripple being elected to the Federal Reserve’s Faster Payments Task Force Steering Committee and their close workings, with high-level officials across the world plus the Bank of England testing it for six months it is easy to see as the months unfold and more and more institutions come on board that XRP could become the world currency reserve in the future.
Ripple’s approach to adoption is:
1. Get the banks to use their ledger software to send fiat money (without necessarily requiring XRP), instead of the SWIFT way. This step is important because it doesn’t radically change the way banks do things today, but it does give them some very valuable tools and real-time information about their money transfers. This is what most Ripple-partnered banks are talking about when they say they are using Ripple’s products. What also comes with this software is a Ripple feature called xRapid, which leads us to step.
2. Once banks are integrated, they will have the choice of using XRP via Ripple’s xRapid feature. They don’t have to, but they will want to in the end.
The first step puts the option to use XRP right in front of the banks. While at this time XRP may seem irrelevant to their existing infrastructure, it will be easy to start using XRP.
Why would a bank want to use XRP then?
- It would take very little effort to start using the integrated xRapid feature.
- They would save an additional 30% on transfer fees.
- Their competitors are using it, undercutting them and taking business away.
- Eliminates Nostro accounts.
Using XRP eliminates the need for Nostro Accounts
Billions and billions of dollars are sitting in foreign bank accounts that are required for swift and even Ripple’s messaging software can be recouped and reinvested by the banks, allowing them to make billions more from that money and not only will that money be freed up, but money that is currently locked in-transit for 3–5 days during swift transactions, trillions of dollars, will also be freed up so the recipient can spend that money again immediately.
Instead of just a transaction per week, that same money can be re-used for potentially thousands of transactions a week and millions upon millions of transactions in a year.
Disclaimer: This is for discussion and educational purposes only. We do not provide any projections or guarantee, investment advice and no information or material on the TitanXRP.com is to be relied upon for the purpose of making an investment or other decisions. You should thoroughly review any information with your financial, legal and tax advisor and conduct such due diligence as you and they deem appropriate.
What makes Titan XRP different is that it does not matter if the market is buying or selling, we adjust our strategies accordingly to profit both ways. Our traders are professional traders and have between 10 -20 years experience each and have traded across a broad variety of financial instruments and worked in various different institutions.
Our core strength lies in our Management team who have a long sustaining bond of many years with each other which fuels the ability to navigate the business with a very high degree of synchronicity coupled with the diverse skills and extraordinary abilities of each member creating a unique powerhouse dynamic of unstoppable measures.
Titan XRP have a lock up period of 1 year with a 30 day notice period and after that only 30 days notice needs to be given if you wish to withdraw your funds.
Why do you have a Lock up Period?
The reason for a lock up period is to safe guard the fund not just for Titan XRP but all clients including yourself. The fund needs a period to grow and gain momentum. If everyone is withdrawing their profits every month the fund will not grow and spin wheels and stay stagnant thus everyone’s profit will be very minimal.
In essence you should view the fund like a savings account that accumulates interest.
We accept payment for TXDM in Ethereum.
To enable mass adoption to the general public to keep this a simple process as possible we have pegged USD to ETH conversion rate to our interface at $5 dollars per token with $100 buy-in during the pre-token sale later rising to $250 in the Initial token offering phase.
Everyone understands dollars but not cryptocurrency and one of the aims of this Fund is to make it simple for everyone to understand as cryptocurrency and blockchain is more geared to developers and technologically savvy people rather than the general public and often times it can become confusing and complicated for a person who is new to the crypto industry to get their heads around.
Fluxtutaions in cryptocurrency can be rather volatile, for example, if one client bought 1 ETH for $200 but the price dropped 1 week later to $100 during the token sales, then some clients would benefit more than other clients and we believe that to be unjust and unfair to clients who have bought in at a higher price and therefore we have priced it in USD.
When a client puts in the number of tokens they are purchasing in the interface on our buy token page https://titanxrp.com/token it connects with Metamask and converts 100 dollars on Metamask if buying 20 tokens for example into Ethereum, which saves the client a lot of trouble of looking up conversions of ETH to their currency.
When cashing out Tokens we make payments in the form cryptocurrency or of SEPA, SWIFT, International Bank transfers & Wire transfers.
A release contract agreement will be sent to you signed by us and for you to also sign and return with the tx hash number once it is verified then the tokens are to be sent by you to escrow and once the escrow service has both Tokens and Profits and is satisfied that everything is correct they shall release your profits to you and the tokens back to us.
For withdrawals of over 20,000 KYC must be provided by you for AML purposes.
Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network. Smart contracts permit trusted transactions and agreements to be carried out among disparate, anonymous parties without the need for a central authority, legal system, or external enforcement mechanism. They render transactions traceable, transparent, and irreversible.
*Legal disclaimer – Please see risk disclosure in the buy token section. Everything on this website is for educational purposes only and is not financial advice or a guarantee. You should do your own due diligence before making any decisions and seek proper legal and financial advice.
It is normal for any stock, currency or cryptocurrencies etc to rise and fall as part of its cycle. The key is to know when the right time to enter and exit is using proper risk management because you can not get it right 100% of the time all the time and hedging risk by diversifying into different instruments and profitable forward-thinking industries and projects with real-life uses.
The old saying what comes up must go down and what goes down must go up again rings true.
Most often times you hear about people who trade who are new lose money. This is because they do not use proper risk management and often over leverage themselves due to emotions and financial circumstances putting them under pressure which makes them get emotional and cloud their judgement so they get caught in the fear cycle when they are losing and become over emotional and exit at the wrong time or become too euphoric when they see they are in profit and overextend due to of lack of experience or exit too early with hardly any profit from fear of loss or listening to the news which often portrays FUD which makes them exit too early or in loss.
This is where having Seasoned traders comes in because they are not driven by emotions or by news events or world events but rather analysis.