Ripple Labs likes to boast about its growing network of clients – financial institutions that supposedly use xCurrent or xRapid. Ripple claims this network of clients, the RippleNet, counted over 100 members by the end of 2017.
Continue reading “Ripple Only Had One Real Client In 2017”Ripple’s Jordan Belfort Moment
Ripple is a private company, therefore, it doesn’t have to disclose anything it does. But why does it behave like a public one?
Continue reading “Ripple’s Jordan Belfort Moment”Ripple’s Dirty Little Secret: xRapid Uses SWIFT
Ripple Labs has been advertising its new solution, xRapid, hand over fist. It’s supposedly much cheaper, faster and better than the competition, namely SWIFT. This is hard to believe, since xRapid itself needs to use SWIFT.
Continue reading “Ripple’s Dirty Little Secret: xRapid Uses SWIFT”How Ripple Reinvented Banking
In mid-2017, Ripple Labs finally had the wind in its sails. A few months earlier, it had secured a $50 million Series B funding round, and was starting to get high on the crypto vibe. But most importantly of all, it had finally come up with its master plan for disrupting banking.
Continue reading “How Ripple Reinvented Banking”RippleNet Isn’t A Network And Never Will Be
After the release of JP Morgan’s JPM Coin, Brad Garlinghouse, Ripple Labs’ CEO, was quick to criticise the new cryptocurrency for being closed-ended and for JP Morgan’s internal use only. Ripple Labs, on the contrary, prides itself in having established an open standard, with a network of users they call “RippleNet”. In reality, RippleNet is everything but a network, and will never be, because Ripple Labs doesn’t understand KYC and AML requirements.
Continue reading “RippleNet Isn’t A Network And Never Will Be”Building A Fraud Case Against Ripple
Ripple Labs is fighting a legal battle to prevent XRP being labeled as a security, trying to dodge the long arm of securities law. If it were to fail, Ripple would become a poster child for securities fraud class action lawsuits. However, lawyers could get Ripple’s ass served to them even without resorting to securities fraud – simply because Ripple’s methods for promoting the virtues of its XRP coins look shaky at best.
Continue reading “Building A Fraud Case Against Ripple”Ripple’s Public Relations Tricks
XRP, the coin that Ripple Labs created and then gave to itself (and its founders), posted spectacular returns in 2017, going from $0.006 to over $2. The coin rose in parallel with an aggressive PR campaign from Ripple Labs. Let’s see what were the claims that they made throughout the year, and compare them to what was really going on.
Continue reading “Ripple’s Public Relations Tricks”Ripple’s Circular Business Model
Ripple is notoriously secretive about its revenue model. Many suspect that the only way it makes money is by selling its stash of XRP coins. The company never bothered to dispell this suspicion. In fact, it never even revealed how much its products and services cost.
Continue reading “Ripple’s Circular Business Model”Nvidia’s Wild Ride On The Crypto Rollercoaster
Nvidia ($NVDA) was the top performing stock in the S&P500 index in 2016, rallying a whopping 227%. 2015 and 2017 weren’t bad either, as the stock went up by 66% and 82%, respectively.
The story of Nvidia’s amazing rise, and subsequent fall, is a tale of wishful thinking, unintended consequences, and, of course, cryptocurrency mining.
Continue reading “Nvidia’s Wild Ride On The Crypto Rollercoaster”Ripple’s Nostro / Vostro Trick
Ripple claims that banks will use its technology to perform fast cross-border transfers. When that comes, they will need to buy XRP coins, and that’s why XRP coins are valuable. In reality, Ripple doesn’t stand a chance, and it must know it. It’s argument that XRP coins are worth anything at all, is a flat-out lie.
Continue reading “Ripple’s Nostro / Vostro Trick”