Post
Topic
Board Altcoin Discussion
Re: Why is Ripple price going mad right now?
by
PirateButtercup
on 17/12/2014, 14:25:10 UTC
The Bitcoin bridge is built into he pathfinding algorithm. There is also a PayPal bridge now. Some gateways like RippleUnion in Canada have a bank account bridge.

Calling this a pump and dump is a kinda silly. Go to Ripple Charts - Value - Value Trends and then look at the fiat deposits that have been happening around the globe. Ripple is being tested to replace ACH/SEPA/SWIFT as the fundamental rails for moving currency. Then the banks sign on....merchants go where the money is and consumers can't complain about being able to send any amount of money to anyone anywhere in any currency for free (ish).

In terms of the Japanese, it depends on the time of you look at that chart. I've seen the Europeans swell, the South Koreans, the Chinese....it varies every day. Here is this morning's chart. You can compare to yours take just a little earlier. There are so many millions of dollars flowing in from dozens of gateways around the world that it's gonna change by the hour.



...and the only real "Jed Effect" is that he quits every project he starts with in a year or so.