XRP as a payment option

[Reuben]

Valve should add the XRP token as a payment option, I won't bore you with the whitepaper (it's easily searchable) but here's a few bullet-points in favour of such a cryptocurrency being added as a payment option on Steam.

• Ripple, the parent organisation behind the token, has many partnerships with reputable banks and institutions.
  
• XRP can act as a stablecoin.
  
• Ripplenet has anti-money laundering and know your customer features, it's also many times faster than the Bitcoin network, has extremely low fees, and aims to be part of the solution to replace the aging, slow and unreliable SWIFT cross-border payments system.
  
• Having a cryptocurrency payment option on Steam would make purchases a lot more faster and convenient for many people.
  
• XRP is the only cryptocurrency with legal clarity in the U.S.

The reason why Bitcoin was removed as a payment option on Steam was because of the high fees, price volatility and fraudulent activities, something that doesn't exist for XRP.

[Reuben]

Publicado originalmente por The Living Tribunal:

Publicado originalmente por ReubenUKGB:

Valve should add the XRP token as a payment option, I won't bore you with the whitepaper (it's easily searchable) but here's a few bullet-points in favour of such a cryptocurrency being added as a payment option on Steam.

• Ripple, the parent organisation behind the token, has many partnerships with reputable banks and institutions.
  
• XRP can act as a stablecoin.
  
• Ripplenet has anti-money laundering and know your customer features, it's also many times faster than the Bitcoin network, has extremely low fees, and aims to be part of the solution to replace the aging, slow and unreliable SWIFT cross-border payments system.
  
• Having a cryptocurrency payment option on Steam would make purchases a lot more faster and convenient for many people.
  
• XRP is the only cryptocurrency with legal clarity in the U.S.

The reason why Bitcoin was removed as a payment option on Steam was because of the high fees, price volatility and fraudulent activities, something that doesn't exist for XRP.

That sounds amazing. I'm sure you will not have any issues converting that into a currency that Valve supports.

You make snide comments now but when CBDCs come, a significant portion of the system will be using Ripplenet to convert to other digital currencies such as USD to GBP, so why not support XRP directly as well.

I say a portion of the system because there's a whole ecosystem of utility tokens that aim to do similar things but don't directly compete, such as XLM and XDC.

[Mad Scientist]

Publicado originalmente por ReubenUKGB:

You don't know better, as shown by your statements, you've completely ignored my points.

They don't accept crypto and they don't intend on bringing it back, you have no point(s) due to that. It's clearly not welcome by the CEO nor users that know better. Stop trying to market monopoly money that's not accepted here, it's not going to work.

[Reuben]

Publicado originalmente por Mad Scientist:

Publicado originalmente por ReubenUKGB:

You don't know better, as shown by your statements, you've completely ignored my points.

They don't accept crypto and they don't intend on bringing it back, you have no point(s) due to that. It's clearly not welcome by the CEO nor users that know better. Stop trying to market monopoly money that's not accepted here, it's not going to work.

My points address the reasons why they stopped accepting Bitcoin.

You have no idea what positions Gaben Newell holds, he's a billionaire, he's most likely diversified his portfolio to guarantee generational wealth and a part of that probably dabbles in cryptocurrencies with a future. He wouldn't have it all in a bank, that's just silly having your capital being eaten up by inflation, especially with the amount of wealth that he obviously has.

[Mad Scientist]

Publicado originalmente por ReubenUKGB:

Publicado originalmente por Mad Scientist:

They don't accept crypto and they don't intend on bringing it back, you have no point(s) due to that. It's clearly not welcome by the CEO nor users that know better. Stop trying to market monopoly money that's not accepted here, it's not going to work.

My points address the reasons why they stopped accepting Bitcoin.

You have no idea what positions Gaben Newell holds, he's a billionaire, he's most likely diversified his portfolio to guarantee generational wealth and a part of that probably dabbles in cryptocurrencies with a future. He wouldn't have it all in a bank.

They made their position extremely clear.

You're free to use crypto based payments to who accepts them, which isn't here.

[fluxtorrent]

Publicado originalmente por ReubenUKGB:

Publicado originalmente por eram:

yes you pay the fee to turn it into usable money

What about the untapped market of the unbanked? I bet Valve can also save a significant amount in transaction fees using Ripplenet, compared to conventional payment processors like VISA and MasterCard.

not worth the risk, not worth the effort

[Komarimaru]

Publicado originalmente por ReubenUKGB:

Publicado originalmente por Mad Scientist:

They don't accept crypto and they don't intend on bringing it back, you have no point(s) due to that. It's clearly not welcome by the CEO nor users that know better. Stop trying to market monopoly money that's not accepted here, it's not going to work.

My points address the reasons why they stopped accepting Bitcoin.

You have no idea what positions Gaben Newell holds, he's a billionaire, he's most likely diversified his portfolio to guarantee generational wealth and a part of that probably dabbles in cryptocurrencies with a future. He wouldn't have it all in a bank.

Actually, we do.
https://decrypt.co/93981/gabe-newell-half-of-bitcoin-transactions-on-steam-were-fraudulent

He doesn't want NFt or crypto on Steam. It's a pyramid scheme, and always will be. And XRP has nothing legal in the USA for currency. It was actually still frowned upon when it was shown it broke securities laws.

So, will never happen. Scam money isn't welcome on Steam as it stands right now. If it had any legal backing, you could cash it out easily and use that to make purchases. But you can't. You pay fees, and wait, and wait and wait. Welcome to scam money.

[Reuben]

Publicado originalmente por Mad Scientist:

Publicado originalmente por ReubenUKGB:

My points address the reasons why they stopped accepting Bitcoin.

You have no idea what positions Gaben Newell holds, he's a billionaire, he's most likely diversified his portfolio to guarantee generational wealth and a part of that probably dabbles in cryptocurrencies with a future. He wouldn't have it all in a bank.

They made their position extremely clear.

You're free to use crypto based payments to who accepts them, which isn't here.

Publicado originalmente por fluxtorrent:

Publicado originalmente por ReubenUKGB:

What about the untapped market of the unbanked? I bet Valve can also save a significant amount in transaction fees using Ripplenet, compared to conventional payment processors like VISA and MasterCard.

not worth the risk, not worth the effort

Publicado originalmente por Komarimaru:

Publicado originalmente por ReubenUKGB:

My points address the reasons why they stopped accepting Bitcoin.

You have no idea what positions Gaben Newell holds, he's a billionaire, he's most likely diversified his portfolio to guarantee generational wealth and a part of that probably dabbles in cryptocurrencies with a future. He wouldn't have it all in a bank.

Actually, we do.
https://decrypt.co/93981/gabe-newell-half-of-bitcoin-transactions-on-steam-were-fraudulent

He doesn't want NFt or crypto on Steam. It's a pyramid scheme, and always will be. And XRP has nothing legal in the USA for currency. It was actually still frowned upon when it was shown it broke securities laws.

So, will never happen. Scam money isn't welcome on Steam as it stands right now. If it had any legal backing, you could cash it out easily and use that to make purchases. But you can't. You pay fees, and wait, and wait and wait. Welcome to scam money.

You're just skim reading, I've already covered why these aren't concerns for XRP.

Where's it shown that Ripple broke securities laws, the Judge ruled that XRP is a commodity. Are you talking about the discrepancy in offering XRP to institutions, because that's a small piece of the pie and what you'd call nitpicking.

I can offramp my crypto right now and have it be deposited to my bank as fiat with literally no fees incurred, if there are any, we're talking pennies. Exactly the same as a VISA or MasterCard transaction, if not cheaper.

[Komarimaru]

Publicado originalmente por ReubenUKGB:

Publicado originalmente por Mad Scientist:

They made their position extremely clear.

You're free to use crypto based payments to who accepts them, which isn't here.

Publicado originalmente por fluxtorrent:

not worth the risk, not worth the effort

Publicado originalmente por Komarimaru:

Actually, we do.
https://decrypt.co/93981/gabe-newell-half-of-bitcoin-transactions-on-steam-were-fraudulent

He doesn't want NFt or crypto on Steam. It's a pyramid scheme, and always will be. And XRP has nothing legal in the USA for currency. It was actually still frowned upon when it was shown it broke securities laws.

So, will never happen. Scam money isn't welcome on Steam as it stands right now. If it had any legal backing, you could cash it out easily and use that to make purchases. But you can't. You pay fees, and wait, and wait and wait. Welcome to scam money.

You're just skim reading, I've already covered why these aren't concerns for XRP.

Where's it shown that Ripple broke securities laws, the Judge ruled that XRP is a commodity.

I can offramp my crypto right now and have it be deposited to my bank as fiat with literally no fees incurred, if there are any, we're talking pennies.

Then do it. Go on. No need to support scam money if you can cash it out so quick and easy.

First you complain about fees and the unbanked, to say you can do it for pennies and into your bank.

Kinda ousted yourself there, didn't ya?

No one legit, supports scam currency.

[fluxtorrent]

They are always "not concerns" until they are. EVERY other crypto made the same claims, what makes you any less of a joker?

Publicado originalmente por ReubenUKGB:

I can offramp my crypto right now and have it be deposited to my bank as fiat with literally no fees incurred, if there are any, we're talking pennies.

Then you already have no problem and no need for steam to change anything

[Reuben]

Publicado originalmente por Komarimaru:

Publicado originalmente por ReubenUKGB:

You're just skim reading, I've already covered why these aren't concerns for XRP.

Where's it shown that Ripple broke securities laws, the Judge ruled that XRP is a commodity.

I can offramp my crypto right now and have it be deposited to my bank as fiat with literally no fees incurred, if there are any, we're talking pennies.

Then do it. Go on. No need to support scam money if you can cash it out so quick and easy.

Even with 5% APR, I don't see the value of keeping significant cash reserves in a bank compared to other ways to grow money.

Publicado originalmente por fluxtorrent:

They are always "not concerns" until they are. EVERY other crypto made the same claims, what makes you any less of a joker?

Publicado originalmente por ReubenUKGB:

I can offramp my crypto right now and have it be deposited to my bank as fiat with literally no fees incurred, if there are any, we're talking pennies.

Then you already have no problem and no need for steam to change anything

Unlike most other crypto projects, Ripple has in the past or currently is employing persons with significant clout in the financial world and has already formed partnerships with significant financial institutions around the world. These aren't basement dwellers who decided to make a BEP20 meme token one day with the full intention to rugpull. They've been around for a decade making credible advancements in the industry.

I'm not a swing trader, I hold for long periods of time. Having a route of payment that has significantly less steps involved is only an upside for the consumer and more reason to use the platform.

[fluxtorrent]

lol yes, people should bank on "clout" that worked well for bankman-fried.

Drink less koolaid

By your own admission, it's a commodity, not a currency. Steam isn't in the business of trading commodities or "bartering"

[Reuben]

Publicado originalmente por fluxtorrent:

lol yes, people should bank on "clout" that worked well for bankman-fried

Drink less koolaid

I don't understand this rebuttle, how was SBF a significant player when he's barely been alive for so long. I never even heard of FTX until a couple of months ago. I'm talking about people who have been at the top of various government entities and corporate boards.

Publicado originalmente por fluxtorrent:

By your own admission, it's a commodity, not a currency. Steam isn't in the business of trading commodities or "bartering"

It wasn't long ago when Valve did except commodities such as Bitcoin, XRP solves the issues of Bitcoin. We'll go back to an asset-based economy where currencies are once again backed by various commodities soon anyway, as the debt-based economy has nearly run its course. CBDCs like the USD (a currency) backed by gold (a commodity) again.

[fluxtorrent]

Publicado originalmente por ReubenUKGB:

Publicado originalmente por fluxtorrent:

lol yes, people should bank on "clout" that worked well for bankman-fried

Drink less koolaid

I don't understand this rebuttle, how was SBF a significant player when he's barely been alive for so long. I never even heard of FTX until a couple of months ago. I'm talking about people who have been at the top of various government entities and corporate boards.

Because that DEFINITIVELY makes them trustworthy.

Well, suckers like you are born every minute. But hey if YOU didn't hear about it then obviously it wasn't significant.

Definitely doesn't mean anything that FTX literally held 1/4 of the total xrp

[Komarimaru]

Publicado originalmente por ReubenUKGB:

Publicado originalmente por Komarimaru:

Then do it. Go on. No need to support scam money if you can cash it out so quick and easy.

Even with 5% APR, I don't see the value of keeping significant cash reserves in a bank compared to other ways to grow money.

Publicado originalmente por fluxtorrent:

They are always "not concerns" until they are. EVERY other crypto made the same claims, what makes you any less of a joker?



Then you already have no problem and no need for steam to change anything

Unlike most other crypto projects, Ripple has in the past or currently is employing persons with significant clout in the financial world and has already formed partnerships with significant financial institutions around the world. These aren't basement dwellers who decided to make a BEP20 meme token one day with the full intention to rugpull. They've been around for a decade making credible advancements in the industry.

I'm not a swing trader, I hold for long periods of time. Having a route of payment that has significantly less steps involved is only an upside for the consumer and more reason to use the platform.

Nothing you said was actually true, sadly. Ripple is a scam, with the company holding over 50% of the "Shares" of it. It's been tanking in value just as every other crypto, and been going down non stop since 2017 with a tiny jump in 2021 to sink again.

It's literally a pyramid scheme you buy into, and try and get others to buy into, why would anyone with fiscal responsibility in their life waste their money on it?

I get more out of my 401k lol

[Reuben]

Publicado originalmente por fluxtorrent:

Publicado originalmente por ReubenUKGB:

I don't understand this rebuttle, how was SBF a significant player when he's barely been alive for so long. I never even heard of FTX until a couple of months ago. I'm talking about people who have been at the top of various government entities and corporate boards.

Because that DEFINITIVELY makes them trustworthy. Trust but verify.

Well, suckers like you are born every minute. But hey if YOU didn't hear about it then obviously it wasn't significant.

Definitely doesn't mean anything that FTX literally held 1/4 of the total xrp

You must approach life as a scam and take no chances. Trust but verify.

Crypto is lost everyday as people forget their details, this is no different from lost stock investment accounts, there's a whole industry around recovering such accounts too. Deflation in crypto is only a good thing for the holders.

Publicado originalmente por Komarimaru:

Publicado originalmente por ReubenUKGB:

Even with 5% APR, I don't see the value of keeping significant cash reserves in a bank compared to other ways to grow money.


Unlike most other crypto projects, Ripple has in the past or currently is employing persons with significant clout in the financial world and has already formed partnerships with significant financial institutions around the world. These aren't basement dwellers who decided to make a BEP20 meme token one day with the full intention to rugpull. They've been around for a decade making credible advancements in the industry.

I'm not a swing trader, I hold for long periods of time. Having a route of payment that has significantly less steps involved is only an upside for the consumer and more reason to use the platform.

Nothing you said was actually true, sadly. Ripple is a scam, with the company holding over 50% of the "Shares" of it. It's been tanking in value just as every other crypto, and been going down non stop since 2017 with a tiny jump in 2021 to sink again.

It's literally a pyramid scheme you buy into, and try and get others to buy into, why would anyone with fiscal responsibility in their life waste their money on it?

I get more out of my 401k lol

I think you must be trolling, you can't go on about pyramid schemes and then say you've got a 401k.

https://youtu.be/8knd1R4YTZY?feature=shared