Yves Mersch: Convergence of Bitcoin and Financial Market ...

The Case for Investing in Ripple (XRP)

I wrote this article in December when XRP was still below 30 cents USD... in you alls opinion has anything changed?
I'll go first:
1) I no longer see XRP as a simple "hedge" trade against regulation but a great investment in its own right 2) My only concerns lie with what regulators would classify XRP as (I.e. Bitcoin Cash is a currency... XRP more of a source of liquidity... so IF regulators disguise the difference would that be good or bad for us? would the difference create more uncertainty and thus less institutional investment?
The Case for Investing in Ripple (XRP)
December 1st, 2017
Hedging Bitcoin with Ripple (XRP) Bitcoin (BTC) has been on a monster run. Hopefully you caught the ride up when Bitcoin broke out of the ascending channel in early November (see Bitcoin Breakout). In life great success has both its benefits and its draw backs, the same is true for Bitcoin. The Bitcoin run is not over in the long-term (although the “blow off top” recently at $11,400 is a short term top), but the volatility is increasingly attracting the attention of regulators. Uncertainty and unease, among skeptics, over the use and stability of Bitcoin will continue to grow as price appreciates. At a certain point Bitcoin may come under pressure if banks and regulators make a concerted effort to reign in the coming disruption. This is why we must identify hedges to our Bitcoin (BTC) exposure. The case for investing in Ripple (XRP) has several attributes, but the best way to conceptualize the investment is the old saying, “if you can’t beat them, then join them.”
Why Invest in Ripple (XRP)? The Ripple (XRP) use case is described on their website:
Today the world sends more than $155 trillion* across borders. Yet, the underlying infrastructure is dated and flawed. Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally.
XRP is the cryptocurrency that gives RippleNet the functionality described above.
Ripple is a partner to the banks, not a disruptor like Bitcoin. Banks will need to develop an offering that can compete with Bitcoin. Several banks and venture capital firms have already invested in Ripple. Ripple has also been hiring prominent former regulators. I know that seems like crony capitalism, but if you used morality as an investment guide then you’d be righteous but also penniless.
Even current regulators are urging banks to develop better offerings to compete with Bitcoin (see ECB’s Yves Mersch: Banks Need Faster Payments to Counter Bitcoin).
Is Ripple (XRP) Currently a Buy? Yes. The chart below shows the asset is currently breaking out of a “bull flag” formation. It is time to diversify and invest in Ripple (XRP).
If you need a better understanding of where to purchase Ripple (XRP) or other crypto assets, refer to How to Invest in Cryptocurrencies.
As always CoinSavage is here to help, see the Token Report section for a report with price target. Members receive chart analysis with weekly updates.
Invest Savagely.
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ECB's Nowotny: Bitcoin unstable, too vulnerable to speculation

This is the best tl;dr I could make, original reduced by 51%. (I'm a bot)
VIENNA - European Central Bank governing council member Ewald Nowotny warned against accepting bitcoin as an official payment method, saying the digital currency lacked stability and was too vulnerable to speculation.
Many governments around the world are considering how to regulate and classify bitcoin BTC=BTSP, whose value surged in June to hit a record just shy of $3,000.
In April, the Japanese government recognized bitcoin as legal tender as part of efforts to use financial technology to stimulating the economy.
Bitcoin has fallen 20 percent since its record high in June but is still 245 percent over the past year.
Bitcoin can be traded on exchanges in the same manner as stocks and bonds.
The ECB is doing "Experimental work" with the same ledger technology that underpins bitcoin but it needs further research before considering adopting it, ECB executive board member Yves Mersch said in April.
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Post found in /europe and /Economics.
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CryptoKitties Takes Over Ethereum DiaspoRDC Officiel - YouTube ECB tells Banks to embrace instant payments to beat Bitcoin at Conference - Ripple in Attendance!

New innovations based on distributed ledger technology (DLT) and blockchain have brought about wide-spread euphoria. Their use to create “cryptocurrencies” or “virtual currencies” (VCs) – to denote their lack of legal recognition – is often touted as something that could fundamentally change the financial sector. Mersch called on EU regulators to bring Libra under their remit, adding that international cooperation is required to counter the perceived risks of the crypto project. Finally, he called on Europeans not abandon the “safety and soundness of established payment solutions and channels in favor of the beguiling but treacherous promises of Facebook’s siren call.” "Mersch is talking about the Bitcoin blockchain," he explains. "Ethereum is already much faster (15 seconds) and much cheaper to use.” De Vries also points out that the comparison between the ECB's TIPS system and the blockchain isn't ... Yves Mersch: Money and private currencies - reflections on Libra Speech by Mr Yves Mersch , Member of the Executive Board of the European Central Bank, at the ESCB Legal Conference, Frankfurt am Main, 2 September 2019. European Central Bank (ECB) executive board member Yves Mersch has said bitcoin poses a threat to economic stability if financial infrastructure institutions get involved with the cryptocurrency. In an interview with a German daily Börsen-Zeitung, Mersch said that bitcoin’s trading volume is currently “comparatively low” and is therefore not an issue for monetary policy at present.

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CryptoKitties Takes Over Ethereum

ECB’s Yves Mersch: Banks Need Faster Payments to Counter Bitcoin Bitfinex Liquidates Margin Orders at the Bottom Prices Yahoo Finance Adopts New Crypto Functionality into Its platform Edible Planet is a non-profit cooperative that facilitates access to a broader, more diverse selection of fresh fruits, vegetables, berries, herbs and flower... “Digital transformation of the retail payments ecosystem” Yves Mersch, a member of the ECB’s executive board, was dismissive of these digital tokens but he urged commercial banks to provide ... Les vidéos du site Abondance : moteurs de recherche, référencement naturel, et SEO ! Informer tous les congolais de la République Démocratique du Congo (RDC) dispersés à travers le monde