create account

advanced mode

Royal Bank of Canada: XRP and Ripple save banks 46% in costs by tradewonk

View this thread on steemit.com
View on official site
· @tradewonk ·
$60.82
Royal Bank of Canada: XRP and Ripple save banks 46% in costs
![Skærmbillede 2018-09-11 kl. 09.31.23.png](https://cdn.steemitimages.com/DQmP3GwGauMDTna7XDGWDujAB4BKCBJxqc3xAKmwXybM53H/Sk%C3%A6rmbillede%202018-09-11%20kl.%2009.31.23.png)
<sub>Image source: [images.google.com](https://images.google.com/)</sub>

The Royal Bank of Canada has released a report stating that Ripple's various technologies, including the XRP Ledger, can save banks and financial institutions time and money. The report says banks with ripple or XRP can save an average of 46% on costs per transaction.

Back in February 2016, the Royal Bank of Canada (RBC) announced that it was working on a new proof-of-concept based on ripple technologies. The purpose of the proof of concept was to evaluate how Distributed Ledger technology could affect different areas of the Bank's business when it is more widely implemented. The Royal Bank of Canada is the largest bank in Canada with more than 16 million clients.

According to the [report](https://ca.rbcwealthmanagement.com/documents/211470/211491/Imagine+2025.pdf/18e06baf-41c4-44f3-8a05-ca4a28b7de20) now released, Ripple can eliminate the problems of the referral industry by eliminating middlemen, as well as reducing costs and increasing transparency. Remarkably, the Royal Bank of Canada refers not only to the xCurrent (not using the XRP token) payment solution, but also explicitly to the XRP ledger technology, where the XRP token serves as the bridge currency, for increased liquidity for banks to create.

______________________
<center><sub>*Don't miss out on my next post! Follow me @tradewonk / [tradewonk.com](www.tradewonk.com)*</sub></center>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
json_metadata{"tags":["trading","investing","crypto","cryptocurrency","ripple"],"users":["tradewonk"],"image":["https://cdn.steemitimages.com/DQmP3GwGauMDTna7XDGWDujAB4BKCBJxqc3xAKmwXybM53H/Sk%C3%A6rmbillede%202018-09-11%20kl.%2009.31.23.png"],"links":["https://images.google.com/","https://ca.rbcwealthmanagement.com/documents/211470/211491/Imagine+2025.pdf/18e06baf-41c4-44f3-8a05-ca4a28b7de20","www.tradewonk.com"],"app":"steemit/0.1","format":"markdown"}
created2018-09-11 08:25:57
active2018-09-14 13:12:21
last_payout2018-09-18 08:25:57
depth0
children8
net_rshares0
vote_rshares0
children_abs_rshares0
cashout_time1969-12-31 23:59:59
max_cashout_time1969-12-31 23:59:59
total_vote_weight0
reward_weight10,000
total_payout_value47.292 SBD
curator_payout_value13.527 SBD
author_rewards65,141
net_votes53
root_authortradewonk
root_permlinkroyal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
allow_repliestrue
allow_votestrue
allow_curation_rewardstrue
beneficiaries[]
root_title"Royal Bank of Canada: XRP and Ripple save banks 46% in costs"
pending_payout_value0.000 SBD
total_pending_payout_value0.000 STEEM
author_reputation106,468,080,428,203
promoted0.000 SBD
body_length0
reblogged_by[]
author_curate_reward""
vote details (54)

vote your-acct "tradewonk" "royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs" 100 true
post_comment your-acct "re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20181018t105349659z" "tradewonk" "royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs" "" "your reply.." "{}" true

View on official site
@bankthecrypto ·
$0.09
No one can stop the cryptocurrency revolution
👍  , , , ,
json_metadata{"tags":["trading"],"app":"steemit/0.1"}
created2018-09-11 08:42:36
active2018-09-11 08:44:03
last_payout2018-09-18 08:42:36
depth1
children1
net_rshares0
vote_rshares0
children_abs_rshares0
cashout_time1969-12-31 23:59:59
max_cashout_time1969-12-31 23:59:59
total_vote_weight0
reward_weight10,000
total_payout_value0.067 SBD
curator_payout_value0.018 SBD
author_rewards93
net_votes5
root_authortradewonk
root_permlinkroyal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
allow_repliestrue
allow_votestrue
allow_curation_rewardstrue
beneficiaries[]
root_title"Royal Bank of Canada: XRP and Ripple save banks 46% in costs"
pending_payout_value0.000 SBD
total_pending_payout_value0.000 STEEM
author_reputation51,995,686,211,357
promoted0.000 SBD
body_length0
reblogged_by[]
author_curate_reward""
vote details (5)

vote your-acct "bankthecrypto" "re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20180911t084208022z" 100 true
post_comment your-acct "re-bankthecrypto-re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20181018t105349661z" "bankthecrypto" "re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20180911t084208022z" "" "your reply.." "{}" true

View on official site
@tradewonk ·
Agree!

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
json_metadata{"app":"partiko"}
created2018-09-11 08:44:03
active2018-09-11 08:44:03
last_payout2018-09-18 08:44:03
depth2
children0
net_rshares0
vote_rshares0
children_abs_rshares0
cashout_time1969-12-31 23:59:59
max_cashout_time1969-12-31 23:59:59
total_vote_weight0
reward_weight10,000
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
author_rewards0
net_votes0
root_authortradewonk
root_permlinkroyal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
allow_repliestrue
allow_votestrue
allow_curation_rewardstrue
beneficiaries[]
root_title"Royal Bank of Canada: XRP and Ripple save banks 46% in costs"
pending_payout_value0.000 SBD
total_pending_payout_value0.000 STEEM
author_reputation106,468,080,428,203
promoted0.000 SBD
body_length0
reblogged_by[]

vote your-acct "tradewonk" "tradewonk-re-bankthecrypto-re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20180911t084402707z" 100 true
post_comment your-acct "re-tradewonk-tradewonk-re-bankthecrypto-re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20181018t105349662z" "tradewonk" "tradewonk-re-bankthecrypto-re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20180911t084402707z" "" "your reply.." "{}" true

View on official site
@postpromoter ·
re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20180911t092503055z
You got a 15.34% upvote from @postpromoter courtesy of @tradewonk!

Want to promote your posts too? Check out the [Steem Bot Tracker website](https://steembottracker.com) for more info. If you would like to support the development of @postpromoter and the bot tracker please [vote for @yabapmatt for witness!](https://v2.steemconnect.com/sign/account-witness-vote?witness=yabapmatt&approve=1)
json_metadata{"app":"postpromoter/2.1.0"}
created2018-09-11 09:25:03
active2018-09-11 09:25:03
last_payout2018-09-18 09:25:03
depth1
children0
net_rshares0
vote_rshares0
children_abs_rshares0
cashout_time1969-12-31 23:59:59
max_cashout_time1969-12-31 23:59:59
total_vote_weight0
reward_weight10,000
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
author_rewards0
net_votes0
root_authortradewonk
root_permlinkroyal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
allow_repliestrue
allow_votestrue
allow_curation_rewardstrue
beneficiaries[]
root_title"Royal Bank of Canada: XRP and Ripple save banks 46% in costs"
pending_payout_value0.000 SBD
total_pending_payout_value0.000 STEEM
author_reputation12,722,279,234,199
promoted0.000 SBD
body_length0
reblogged_by[]

vote your-acct "postpromoter" "re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20180911t092503055z" 100 true
post_comment your-acct "re-postpromoter-re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20181018t105349665z" "postpromoter" "re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20180911t092503055z" "" "your reply.." "{}" true

View on official site
@spyder896 ·
Crypto is the future man !!

Posted using [Partiko Android](https://steemit.com/@partiko-android)
👍  
json_metadata{"app":"partiko"}
created2018-09-11 13:31:33
active2018-09-11 13:31:33
last_payout2018-09-18 13:31:33
depth1
children0
net_rshares0
vote_rshares0
children_abs_rshares0
cashout_time1969-12-31 23:59:59
max_cashout_time1969-12-31 23:59:59
total_vote_weight0
reward_weight10,000
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
author_rewards0
net_votes1
root_authortradewonk
root_permlinkroyal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
allow_repliestrue
allow_votestrue
allow_curation_rewardstrue
beneficiaries[]
root_title"Royal Bank of Canada: XRP and Ripple save banks 46% in costs"
pending_payout_value0.000 SBD
total_pending_payout_value0.000 STEEM
author_reputation383,144,563,327
promoted0.000 SBD
body_length0
reblogged_by[]
author_curate_reward""
vote details (1)

vote your-acct "spyder896" "spyder896-re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20180911t133131124z" 100 true
post_comment your-acct "re-spyder896-spyder896-re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20181018t105349666z" "spyder896" "spyder896-re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20180911t133131124z" "" "your reply.." "{}" true

View on official site
@steem-ua ·
#### Hi @tradewonk!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your **UA** account score is currently 4.624 which ranks you at **#1584** across all Steem accounts.
Your rank has improved 1 places in the last three days (old rank 1585).

In our last Algorithmic Curation Round, consisting of 271 contributions, your post is ranked at **#194**.
##### Evaluation of your UA score:

* Some people are already following you, keep going!
* The readers like your work!
* Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!


**Feel free to join our [@steem-ua Discord server](https://discord.gg/KpBNYGz)**
json_metadata"{"app": "beem/0.19.54"}"
created2018-09-11 20:17:21
active2018-09-11 20:17:21
last_payout2018-09-18 20:17:21
depth1
children0
net_rshares0
vote_rshares0
children_abs_rshares0
cashout_time1969-12-31 23:59:59
max_cashout_time1969-12-31 23:59:59
total_vote_weight0
reward_weight10,000
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
author_rewards0
net_votes0
root_authortradewonk
root_permlinkroyal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
allow_repliestrue
allow_votestrue
allow_curation_rewardstrue
beneficiaries[]
root_title"Royal Bank of Canada: XRP and Ripple save banks 46% in costs"
pending_payout_value0.000 SBD
total_pending_payout_value0.000 STEEM
author_reputation12,917,150,791,403
promoted0.000 SBD
body_length0
reblogged_by[]

vote your-acct "steem-ua" "re-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20180911t201719z" 100 true
post_comment your-acct "re-steem-ua-re-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20180911t201719z-20181018t105349668z" "steem-ua" "re-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20180911t201719z" "" "your reply.." "{}" true

View on official site
@horpey ·
**[Trade.io](https://trade.io)** the most secure Crypto exchange platfrom with promo read more https://steemit.com/tradeio/@horpey/horuqhw-trade-io-a-secured-flagship-crypto-exchange
json_metadata{"tags":["trading"],"links":["https://trade.io","https://steemit.com/tradeio/@horpey/horuqhw-trade-io-a-secured-flagship-crypto-exchange"],"app":"steemit/0.1"}
created2018-09-12 08:02:36
active2018-09-12 08:02:36
last_payout2018-09-19 08:02:36
depth1
children0
net_rshares0
vote_rshares0
children_abs_rshares0
cashout_time1969-12-31 23:59:59
max_cashout_time1969-12-31 23:59:59
total_vote_weight0
reward_weight10,000
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
author_rewards0
net_votes0
root_authortradewonk
root_permlinkroyal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
allow_repliestrue
allow_votestrue
allow_curation_rewardstrue
beneficiaries[]
root_title"Royal Bank of Canada: XRP and Ripple save banks 46% in costs"
pending_payout_value0.000 SBD
total_pending_payout_value0.000 STEEM
author_reputation36,486,394,368,030
promoted0.000 SBD
body_length0
reblogged_by[]

vote your-acct "horpey" "re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20180912t080235383z" 100 true
post_comment your-acct "re-horpey-re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20181018t105349670z" "horpey" "re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20180912t080235383z" "" "your reply.." "{}" true

View on official site
@nvest ·
Good thing for the crypto world @tradewonk.
json_metadata{"tags":["trading"],"users":["tradewonk"],"app":"steemit/0.1"}
created2018-09-12 11:04:36
active2018-09-12 11:04:36
last_payout2018-09-19 11:04:36
depth1
children0
net_rshares0
vote_rshares0
children_abs_rshares0
cashout_time1969-12-31 23:59:59
max_cashout_time1969-12-31 23:59:59
total_vote_weight0
reward_weight10,000
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
author_rewards0
net_votes0
root_authortradewonk
root_permlinkroyal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
allow_repliestrue
allow_votestrue
allow_curation_rewardstrue
beneficiaries[]
root_title"Royal Bank of Canada: XRP and Ripple save banks 46% in costs"
pending_payout_value0.000 SBD
total_pending_payout_value0.000 STEEM
author_reputation4,423,618,897,055
promoted0.000 SBD
body_length0
reblogged_by[]

vote your-acct "nvest" "re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20180912t110433719z" 100 true
post_comment your-acct "re-nvest-re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20181018t105349671z" "nvest" "re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20180912t110433719z" "" "your reply.." "{}" true

View on official site
@pheonixdown-dee ·
Very interesting! Love to see more adoption!
👍  
json_metadata{"tags":["trading"],"app":"steemit/0.1"}
created2018-09-14 13:12:21
active2018-09-14 13:12:21
last_payout2018-09-21 13:12:21
depth1
children0
net_rshares0
vote_rshares0
children_abs_rshares0
cashout_time1969-12-31 23:59:59
max_cashout_time1969-12-31 23:59:59
total_vote_weight0
reward_weight10,000
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
author_rewards0
net_votes1
root_authortradewonk
root_permlinkroyal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
allow_repliestrue
allow_votestrue
allow_curation_rewardstrue
beneficiaries[]
root_title"Royal Bank of Canada: XRP and Ripple save banks 46% in costs"
pending_payout_value0.000 SBD
total_pending_payout_value0.000 STEEM
author_reputation13,587,388,993
promoted0.000 SBD
body_length0
reblogged_by[]
author_curate_reward""
vote details (1)

vote your-acct "pheonixdown-dee" "re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20180914t131224793z" 100 true
post_comment your-acct "re-pheonixdown-dee-re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20181018t105349673z" "pheonixdown-dee" "re-tradewonk-royal-bank-of-canada-xrp-and-ripple-save-banks-46-in-costs-20180914t131224793z" "" "your reply.." "{}" true


created by @roadscape