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This is not true whatsoever. Chainlink (Sergey) was just at the Whitehouse during the GENIUS Act, shaking hands with Trump while Ripple wasn't even invited. Chainlink is partnered with SWIFT, JP Morgan, Fidelity, Euroclear, UBS, Coinbase, ANZ, the DTCC, Mastercard, Citi, etc. etc. XRP/Ripple doesn't come close to that.
Yeah if you use NZD as locl currency then AUD option will fit into you. I guess if you join the kraken and go on with the deposit, gou could might see AUD as a option. If you select and proceed it you can choose the PayID option. It will give you a formatted information of account to deposit, and you can easily make a bank transfer to that account And I just found out that PayID is basically only for AUD in Australia, so you might not have a PayID account as a New Zealander, but there's some NZ banks that offers this service. I easily found out a bank called ANZ, offering this sevice. I dont know their reliability but do a search and I think you will get more banks that supports PayID
XRP is absolutely not replacing SWIFT. SWIFT is already well integrated into blockchain using Chainlink and going live with their 11,500 member institutions in November. The banks, like JP Morgan, are already testing tokenized US treasuries with their own digital network systems using projects like Chainlink and Ondo, and also building their own deposit tokens. Others, like Citi, Euroclear, ANZ, BNY Melon, BNP Paribas, UBS, the DTCC are all already testing through SWIFT as well.
>hundreds of partnerships like SBI and what else? All those big banks like tranglo(lol) Santander who stopped using it, and Bank of America who secretly uses it but have never publicly stated they continued usage after they showcased the live demo from 2019? Ripple’s entire image is just smoke and mirrors, all marketing, no substance. It’s honestly sad how many people still fall for it, especially when Chainlink is out here doing the real work with Swift, the DTCC, now West Pac, JP Morgan, ANZ, do I go on?
Don't recall exactly. I set up the account with macquarie specifically to deposit my super contributions into an exchange. They refused to make my deposits after the first one, so I just swapped to ANZ. They just wanted to confirm with me over the phone that I was not being scammed, and then I was good to go.
Macquarie recently changed their policy. I had to move my SMSF to ANZ because they refused to transfer to swyftx.
You don’t even need to go into a branch I on ramped 50k a day to an exchange via 25k via the ANZ app and $25k via internet banking. I could have applied for a higher daily limit also but was fine doing the on ramping over a few days.
I bank with ANZ and they have no issues at all. I also have a SMSF setup and the bank acct for that is also with ANZ. After their fraud team worked out my transactions and patterns where legit they have no issue at all with me sending money to and from multiple exchanges both personally and for my SMSF.
Banks are blocking crypto transfers under the guise of “security,” but what they’re really doing is trying to mitigate capital flight so they can keep your money on deposit and profit from it. Australian bank accounts are free to open, so set up multiple accounts and shop around, no bank is immune to policy shifts, especially in a bull market. If a bank green-lights your exchange deposit then blocks you a second time, escalate straight to AFCA. I’ve won five AFCA payouts over unethical conduct, treating them as settlements, then moving my funds to another bank and on to the exchange. Banks don’t care about your goals, they just want to hold onto your cash. Start by trying new-generation offerings like ANZ Plus or ING. You’ll need reliable on, and off-ramps whenever you buy or sell, so keep opening accounts until you find ones that actually work.
A couple of pointers; ANZ works at relatively lower daily transfers, and BoM works if you schedule the transfers.
You could try moving to one of the big 4. I banked with CommBank and ANZ, never had any issues.
I use an ANZ plus account purely for depositing my AUD to kraken Pro. you have to disable an option in the settings which will allow you to deposit money to various crypto providers, but once thats done you can easily transfer money.
ANZ allows me to deposit to coinspot
>Profiting from something that will ultimately fail. So you think you are smarter than the banks? I know I'm not. I'm just following where the money is going. I don't care about what a tiny subset of crypto natives think. They are less than 1% of the population. Every bank in the world will likely run their own chain. JP morgan - Kinexy. BlackRock - securitize. BNY Mellon, Goldman - Canton. BoA - Paxos Trust (permissioned stable network). ANZ - ADDX. Lloyds - WaveBL. DTCC - composerX (hyperledger).
As I said before. Settlement is cheap and easily replaceable. What is the value add when the DTCC runs it's own chain? https://www.dtcc.com/digital-assets/composerx There isn't one. Chainlink however, is baked into the system. https://www.dtcc.com/dtcc-connection/articles/2024/may/16/smart-nav-pilot-report-bringing-trusted-data-to-the-blockchain-ecosystem >But feeding in data is not the same as final settlement. Chainlink is more than that. A lot more. Which you already know. XRP / XDC / Hbar are just blockchains. They are all easily replaceable. Every bank will run it's own chain... JP morgan - Kinexy. BlackRock - securitize. BNY Mellon, Goldman - Canton. BoA - Paxos Trust (permissioned stable network). ANZ - ADDX. Lloyds - WaveBL. And every single one of those chains will be completely interopable utilising CCIP. https://www.visa.com.sg/content/dam/VCOM/regional/ap/singapore/global-elements/documents/interim-report-e-hkd-pilot-programme-phase-2.pdf And every public chain in existence can fight it out for what is left, probably just retail users. How do these chains compete? They do the only thing they can. Decrease gas fees. Which will trend to zero.
>which is slower, costs more, isnt geopolitically neutral and required Nostro/vostro and prefunding... so yea, not the same thing at all. go ahead and use stablecoins to move thai baht into egyptian pound. the current spread on the XRPL via ILP is 1 ten thousandths of a penny This is completely inaccurate. What do you not understand about [atomic settlement? ](https://www.ledgerinsights.com/dlt-atomic-settlement-netting-an-hour/)Its the instant settlement of a transaction. Stablecoins can be issued and redeemed on-chain without banks holding reciprocal accounts, eliminating the need for "Nostro/vostro". > go ahead and use stablecoins to move thai baht into egyptian pound [https://www.visa.com.sg/content/dam/VCOM/regional/ap/singapore/global-elements/documents/interim-report-e-hkd-pilot-programme-phase-2.pdf](https://www.visa.com.sg/content/dam/VCOM/regional/ap/singapore/global-elements/documents/interim-report-e-hkd-pilot-programme-phase-2.pdf) ANZ and central bank of hong kong had no issues with their PvP transaction involving two different stablecoins lol >geopolitically neutral XRPL is not geopolitically neutral lol
I declared it dead when they released their plans for an EVM chain. Then when the issued a stable and then when they bought hidden road. A "bridge currency" is a XRP meme from 2017 before stablecoins and defi. Financial institutions can settle crossborder payments through interoperable stablecoins (or other tokenized RWAs, as seen below) without requiring a volatile intermediary asset like xrp. If you think im joking then heres your proof. [DvP swap from Jp morgan](https://www.prnewswire.com/news-releases/chainlink-kinexys-by-jp-morgan-and-ondo-finance-team-up-to-bring-bank-payment-rails-to-tokenized-asset-markets-302455268.html). This is a delivery vs payment swap. Ondo’s tokenized Treasury fund (OUSG) was swap for USD via J.P. Morgan’s Kinexys. This is also unique because its private to public chain. [PvP swap ANZ with VersaVault](https://www.visa.com.sg/content/dam/VCOM/regional/ap/singapore/global-elements/documents/interim-report-e-hkd-pilot-programme-phase-2.pdf) This is a payment vs payment swap. This is when the settlement of one digital currency is made simultaneously with another asset in a cross-chain transaction. Two different stablecoins are used here too These all used chainlinks CCIP via because its actually the future of WEB3, not Ripple/XRP. Oracles are the missing piece for banks and chainlink basically has a monopoly on it.
>XRPL is oracle agnostic even though it has an L1 oracle built in, any oracle can be used on the XRPL, any XRPL dev can use CCIP for their use case like how Band Protocol and DIA oracles are being used. lmao no, XRPL devs definitely cannot use [CCIP](https://docs.chain.link/ccip/directory/mainnet), they cant even use chainlink oracles. >What, except for the ones who are? lol SBI remit isnt a bank and no tier-1 bank will ever use it. Most who tested it never even used XRP. >you must not understand how greed works then, of course they would if it meant they pay less and make more from a company whose VC and board members are a who’s who of respectability and success. Payment companies that want rails to hard to reach corridors with on and off ramps that have deep liquidity is who wants Ripple’s products. Of course they wouldn’t. It’s not about money, it’s about risk, regulation, and control. No bank is going to run its settlement infrastructure on a speculative token managed by a startup company thats already been sued by the SEC lol. Nobody cares who’s on Ripple’s board when compliance officers and regulators are the ones calling the shots. While you’re busy hyping up XRP, you missed the fact that Swift is already integrating blockchain into its legacy systems, which completely undermines your argument. Banks have also achieved atomic DvP and PvP settlements too (without ripples help). [DvP swap from Jp morgan](https://www.prnewswire.com/news-releases/chainlink-kinexys-by-jp-morgan-and-ondo-finance-team-up-to-bring-bank-payment-rails-to-tokenized-asset-markets-302455268.html) [PvP swap ANZ with VersaVault](https://www.visa.com.sg/content/dam/VCOM/regional/ap/singapore/global-elements/documents/interim-report-e-hkd-pilot-programme-phase-2.pdf) >Ripple is developing an EVM chain because smart contracts on the main net makes zero sense, The whole things makes no sense since Defi and stablecoins. This is their pivot out in the open for you and you still have your blinders on. > Ripple offers an enterprise software suite Not very good software though. Banks can create their own private chain very easily as we have seen with JP Morgan. Every bank with have their own private chain and will connect through CCIP (Swift) to any public or private chain integrated. > Ripple *stock* imo is undervalued. Yikes. Ripple is not who you think it is.
Yeah you’re wrong. [visa posted this a few days ago.](https://www.visa.com.sg/content/dam/VCOM/regional/ap/singapore/global-elements/documents/interim-report-e-hkd-pilot-programme-phase-2.pdf) They used a private chain and public chain and two stablecoins, one from ANZ and one from the central bank of Hong Kong. Looks like they didn’t need a bridge currency and relied on CCIP from chainlink. Xrp is just another public chain in a sea of many. They’re not guaranteed anything.
Yeah I’m hoping the fraud dept at ANZ know me well enough by now with the amount of transactions I sent to Independent Reserve! I drained my full super balance in about a week! I used Tax on Chain and they were great. From initial contact to setup and rollover took about 4 weeks. Great communication and they know their stuff. I had heard Grow are good also. I guess do you research and see where you land. Fees are comparable between the two so it may come down to gut feel / personal preference
Pretty normal for ANZ fraud team to block initial transfers to an exchange. As you found out, once you jump through the hoops, they’ll let it through. Who did you use for the SMSF setup / accounting? I’ve heard Grow SMSF is good.
This gets mentioned a lot. But why would institutions care when they are running their own chains? JP Morgan; kinexy. BNY Mellon, Goldman; Canton BoA; Paxos Trust (permissioned stable network) ANZ; ADDX Lloyds; WaveBL. DTCC; composerX
I've deposited to various exchanges from ING, ANZ plus and ME bank and never had an issue with any of them
NAB seem ok. Had nothing but headaches from ANZ and CBA aren’t even interested in meeting halfway. Had no dramas with NAB transferring small amounts but they did get funny on my first big transfer and shut me out. It was frustrating but I didn’t mind when I found out that they assumed it was dodgy and stopped it on the spot. Answered a few questions and I guess when they were happy I was doing it of my own volition, they unlocked everything. Took less than an hour from start to finish. Have made 2 more biggish transfers since with no hassles.
>I disagree that “every bank will run its own chain”. JP Morgan; kinexy BNY Mellon, Goldman; Canton BoA; Paxos Trust (permissioned stable network) ANZ; ADDX Lloyds; WaveBL There is plenty of evidence. You just aren't looking for it. 2-3 chains won't win. All chains will lose equally.
Don't know of any way to have the 25k shield limit increased. ANZ seem to be fine with using the V2 account as a pure SMSF account and being used for Crypto.
So using anz shield or voice id could not get that 25k limit upped at all? Did you find ANZ ok with knowing your SMSF would be investing in crypto? I have shortlisted my bank choices to either ANZ or Suncorp. I already bank with ANZ so it may be easier to set up. The 25k daily limit will not be terrible I guess it’s just the lump sum rollover from my existing fund and then allocating that to an exchange to purchase I would rather do in larger chunks but after that I would not be hitting that limit again anyway so would not be an issue.
No just ANZ in general you can only transfer 10k/day via the web but you can do up to 25K/day via the app. I had a bit of a delay on the first transfer to coinspot but after that every transfer has been instant. Interest on the V2 account is paid quarterly so I am still waiting to see if there are any other fees or t/c's that make you miss out on the interest.
Is that 25k daily limit for investing in general or specific to crypto? I asked chat gpt about banks and it seems to think ANZ is not crypto friendly and has a 10k per month limit sending money to exchanges???
I have a ANZ V2 plus ok which has been ok so far but I don’t like the 25k daily transfer limit. Shop around. Keen to see what others you find.
ANZ was fine but drew the line at Travelex!
I was also wondering this a few weeks ago. ANZ had temporarily locked my card as I was purchasing BTC from random vendors. However I raised a fuss and they called me to check that I wasn't being stupid with my security and once I assumed them I knew what I was doing they put special conditions on my account to stop it from being clocked again. I think they're about as crypto friendly as you can get for the main banks.
Chainlink is integrated throughout a majority of crypto and is a crucial piece. Coinbase, Hedera, Aave, Arbitrum, Ripple, Solana, Tron, on and on... are all partnered with or integrated with Chainlink. Then, they have a massive reach into traditional finance, bridging the gap with crypto. They're partnered with SWIFT, Fidelity, The DTCC, UBS, Citi, JP Morgan, BNY Melon, BNP Paribas, Edward Jones, ANZ, Franklin Templeton, Trump's World Liberty Financial, the Central bank of Brazil, etc. SWIFT is going live in production with Chainlink later this year for their 11,500 financial institutions.
I just found out ANZ has $10k limit in my first 24 hrs! Need to open sever bank access I suppose.
Pretty much everything tied to crypto uses Chainlink (LINK). Coinbase uses them, XRP uses them, HBAR is partnered with them, AAVE and basically all of Defi uses them. Same with TradFi now. They're partnered with SWIFT and are going in production this year for their 11,500 financial institutions. Partnered with Fidelity, US Bank, Citi, JP Morgan, Franklink Templeton, BNY Melon, USB, BNP Paribas, ANZ, etc. Trump's WLF uses them and has purchased millions of LINK. The central bank of Brazil is using them alongside Microsoft for their CBDC. The list goes on and on. That's a network effect that outpaces almost every other crypto out there and should last a long time.