Four of the biggest Australian banks now using Ripple. Foreshadowing as a test bed for other global banks around the world.Part 3.Final by skytronia

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vincentb · @skytronia · Feb 11 '18 (edited)

$1.89

Four of the biggest Australian banks now using Ripple. Foreshadowing as a test bed for other global banks around the world.Part 3.Final

_*Continuation from parts 1 and 2. Final part 3. Please refer to both previous post for more information*_

<div class="pull-right">https://steemitimages.com/DQmX2BvLJyvvFdCLstwZu9Edkgcid9VZndw8aTRnX9E3PUs/fuchcs.png</div>

# What Ripple will bring to the table in regards to Australian banks and how global banking has had a keen eye on developments here over the last two years.Continued. # 

* Ripple presents banks with a compelling long term value proposition and the ability to reach out globally.
* Ripple offers infrastructure technology that enables banks to move and transfer fund instantly and directly to other banking institutions around the world, optionally sourcing liquidity from third party liquidity providers in a way that is both transparent  and confirmable.
* Ripple  minimizes the risk of settlement  and allows bank the opportunity consolidate nostro accounts , resulting in lower total cost for transaction settlements.
* Over 75 banks around the world have now jumped on the Ripple band wagon. So as of January 2018, these banks will start to interact. 
### This is Ripples real ability? To act as an interface between the old world of banking and the  evolving  new world of future banking! 


* Finally. The exciting potential of all this new technology lies not only in the cost savings to banks and how it can extract those savings  but to the creation of future business models and  a completely new way of conducting business into the future.

I would like to quote a statement made by a follow Steemian @nathen007
 
"Ripple is an interesting example of an interface between the old and new. I read many hard core crypto geeks guffawing at its attempt to get into bed with the traditional financial institutions but in my opinion that's a good thing as it proves the technologies usefulness and acceptance into modern financial practices."

![maxresdefault.jpg](https://steemitimages.com/DQmP2sb5LiPXqi4mVTwkRLQZmk94czLPeMjVsECxms4oskm/maxresdefault.jpg)

I will not do an in depth market price prediction but will give you a figure that was arrived at by my own researched based on a multiple of predictions site and averaging those figures to determine what I believe the value of RIPPLE at the end of 2018 will be.
![FotoJet7.jpg](https://steemitimages.com/DQmRCtKVXnTb9LNLKLdfU6ets3rVice9uzNKKgFKw7NGNxW/FotoJet7.jpg)

https://www.finder.com.au/ripple-price-prediction-2018-is-it-too-late-to-buy-ripple

https://www.ripplecoinnews.com/ripple-xrp-price-predictions

https://coincheckup.com/coins/ripple/predictions

https://australianfintech.com.au/westpac-says-rba-issued-digital-currency-would-boost-blockchain/

https://www.fool.com/investing/2017/12/17/5-big-banks-currently-testing-ripples-blockchain-t.aspx

http://www.abc.net.au/news/2017-08-03/cba-risks-massive-fines-over-law-breaches/8770992

http://www.abc.net.au/news/2017-12-14/cba-bows-to-the-inevitable-but-will-it-be-enough/9257482

https://ia.acs.org.au/article/2015/australia-s-banks-are-suddenly-into-cryptocurrency0.html

Images sourced from pixabay and fotojet.

<div class="pull-left">https://steemitimages.com/DQmQUZrPM2wgTqiwzQ6YbF7fnW51jZrMaBQ4zL3MuS172bP/mainnow.gif</div><div class="pull-right">https://steemitimages.com/DQmUdPChaP2RcmwsS6hHWSDDcZmxunbWxpcQSvXHEo5QwoG/FINALONE.gif</div>

👍 ipromote, mercurybot, allaz, marinkata, cheetah, skytronia, adam.dina, sixfrom49, takemyupvote, leadmotivation, pulsar, tuanduong44, shallownpedantic, bekoilham

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@abasinkanga · Feb 11 '18

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@skytronia · Feb 11 '18

Thanks

properties (22)

@allaz · Feb 11 '18

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You got a 0.95% upvote from @allaz courtesy of @skytronia!

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@skytronia · Feb 11 '18

Thanks

properties (22)

@skytronia · Feb 11 '18

Thanks

properties (22)

@skytronia · Feb 11 '18

Thanks

properties (22)

@cheetah · Feb 11 '18 (edited)

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.scribd.com/doc/300187509/Xrp-Cost-Model-Paper

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@skytronia · Feb 11 '18

THANK YOU

properties (22)

@ipromote · Feb 11 '18

re-skytronia-four-of-the-biggest-australian-banks-now-using-ripple-foreshadowing-as-a-test-bed-for-other-global-banks-around-the-world-part-3-20180211t070951901z

You got a 4.42% upvote from @ipromote courtesy of @skytronia!
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@skytronia · Feb 11 '18

Thanks

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@mercurybot · Feb 11 '18

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You got a 0.86% upvote from @mercurybot courtesy of @skytronia!

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@skytronia · Feb 11 '18

$0.05

Thanks

👍 bigpanda

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@nzfxtrader · Feb 11 '18

$0.14

There is indeed a lot happening with Ripple, very positive things. 
If you read about massive firms/corporations using or speaking positively over Ripple you can bet the value will be going up. Firms don't just get involved with things that have no long-term future!

👍 nzfxtrader, skytronia

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@skytronia · Feb 11 '18

How true. Don't think companies and banks would talk up anything unless it has a positive impact on the bottom line. Trying now to build a position on Ripple. Its inevitable that its value will climb considerably.

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@worldofsport · Feb 11 '18

$0.21

Banks should look into OMG, but then again, OMG will be making them obsolete

👍 worldofsport, mojorisin, skytronia

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@skytronia · Feb 11 '18

Seriously like that coin. I think that the banking sectors will want control, hence its interest in Ripple.The Asia countries will adopt OMG as a means to make payments directly without the need for banks. I can imagine  the impact that OMG will have once it becomes more main stream.

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