Quote from: joeyjojoshb on May 26, 2017, 02:42:59 AM

Quote from: Mrpumperitis on May 26, 2017, 02:12:45 AM

daaaamnnnn
may need to delay left for time being...

i just saw this a few min ago
https://www.reddit.com/r/Ripple/new/
https://ca.investing.com/news/stock-market-news/bank-of-canada-says-won't-use-blockchain-for-interbank-payment-system-126381
By Solarina Ho

TORONTO, May 25 (Reuters) - The Bank of Canada said on Thursday that its experiment with blockchain, or distributed ledger technology, showed it is currently not compatible with operating the country's centralized interbank payment systems.

The Bank's conclusion, published in a column in The Globe and Mail newspaper, comes after a year-long experiment in partnership with Payments Canada, which is responsible for the country's clearing and settlement infrastructure, and Canada's largest banks.

"The bottom line is that a stand-alone DLT wholesale system is unlikely to match the efficiency and net benefits of a centralized system," wrote Carolyn Wilkins, senior deputy governor of the Bank of Canada, and Gerry Gaetz, Payments Canada president.

"At its heart, there exists a fundamental inconsistency or tension between a centralized wholesale interbank payment system, as we have now, and the decentralization inherent in DLT."

Payments Canada clears a daily average of more than C$175 billion ($130.42 billion) through the wholesale interbank payment system, which is overseen by the Bank of Canada.

Blockchain, the technology that underpins digital currencies such as bitcoin, is a distributed record of data or transactions maintained by a network of computers without the need for approval from a central authority.

this isnt the end...its just one bank saying they wont use blockchain for time being...
again research and decide your next move carefully guys...
hopefully some good news will come aswell

This is huge. They do a 1/4 Trillion dollars of money PER DAY. This is the BANK OF CANADA. This is basically a country trying the technology and saying NO. NOT GOOD. SELL SELL SELL SELL

How long does it take to send and receive money from Canada to say Malaysia and vice-versa?

If it takes longer than 5 seconds, the need will still be there that XRP can solve.

Also, although it will be nice to have banks' support, there is also the general population that can use XRP without banks. So demand for XRP will still be there.

If your logic of a bank not accepting the technology (yet) is a call to sell, then you should sell all your other cryptocurrency holdings as well for the same reason.