TR 02.01


Ripple has been building out sophisticated payment software, that leverages blockchain to allow low cost, rapid transactions of any currencies between two or more ledgers since its founding in 2012 - though its predecessor RipplePay was originally conceived in 2004.

This software is used by over 75 commercial partners - like UBS, American Express and Santander - to reduce their payment costs, time, and failure rates. It has experienced volumes of 15k transactions/second and can apparently match Visa at 50k transactions/second. There is a small 0.00001 XRP transaction fee to avoid the network being spammed, but otherwise, XRP is not the currency being sent in the transactions.

However, the same technology can use XRP as the currency and this saves further costs. But this isn’t happening right now. Banks and payment providers just use the tech to move fiat around. Yet it has risen 10X over the last few weeks, to a market cap of ~$85billion.

I find it interesting that XRP has perhaps the greatest chance of becoming a global currency (not bitcoin), because it is centralised, run by a respectable entity, and will not build anonymity into the network. But this is not the libertarian crypto dream the sector often harks on about - it is ‘just’ a back office technology improvement to the existing system.

Happy New Year!



Australian banks are freezing customer accounts that have received funds from exchanges and have been flagged as associated with crypto.




Last week highlights:

  • Bitdegree raised $22m for a blockchain-powered online education platform with token scholarships & tech talent acquisition.

  • Bankex raised $67m for a blockchain platform that enables the creation of smart assets.

  • SingularityNET raised $36m for a decentralized platform for the AI economy.

  • Gladius raised $12.5m for a decentralized solution to protect against DDoS attacks.


  • Skara - January 23, 2018 - A multi-award winning game with a token at its heart.

  • OILSC - January 3, 2017 - Blockchain-based platform to manage oil and gas waste.

  • Gamblica - January 10, 2017 - Blockchain casino.



Dubai International Blockchain Summit - Dubai, United Arab Emirates - January 8, 2018

d10e Exploring the Future - Cayman Islands  - January 27-30, 2018

World Crypto Economic Forum - San Francisco, USA - January 15-16, 2018

CoinFestUK 2018 - Manchester, United Kingdom - April 4, 2018

James Roy PoulterComment