/biz/ - Business & Finance

looks like RSR is done. PayPal is partnering with Paxos, which has its own stablecoin.

>>20512076
Are you Styxhexenhammer666?

>>20512076
doesn't feel like much like a dip desu but what do I know i'm so in the green on this I wouldn't notice if it tanked 50%. Are the sub 1c days really over? what a ride this has been

>>20512094
WTF IT'S REAL
https://www.coindesk.com/paypal-picks-paxos-to-supply-crypto-for-new-service-sources-say

>>20512158
Same... I'm up 365%. Don't really care about a small retrace (6% atm)

>>20512076
I... I let myself down. I was not strong enough. I saw the double rejection at 0.014 and sold expecting a dip.
I...

>>20512094
It wasn't announced that they'd be partnering with PayPal.

>>20512339
It says so in the article, an official statement next week.
Question is how do we get rich off PAX by then.

>>20512364
PAX is a stable coin.

>>20512364
You're retarded. PayPal can't use RSR because they're too deep in the US legal system to encompass the scope of the project. RSR is also backed my PAX just by the way. PayPal isn't a competitor for what RSR is trying to achieve.

> decentralized coin that isn't backed by the US dollar
> paypal

pick one retard

>>20512475
>>20512516
shut up let these new fags dump so I can keep buying their bags!

>>20512076
RSR tards comparing it to XRP are delusional. Their protocol is retarded and it is unfit to be used in a global market.
I do believe they have a future, it’s just that the remittance market is done. It lacks the gigachad scalability/liquidity XRP has. Case is closed. Nostro/vostro is going all into RippleNet and I predict half of /biz/ will commit sudoku.
Continue shilling me on this coin though, I’m buying all banker coins this year. World is going digital and banker coins are going to moon violently.

>>20512516
Do you think RSR will be $1 EOY?

>>20512542
delusional underage newfag

>>20512542
I highly doubt that. Maybe in a year or two.

any discord groups for rsr?

>>20512475
PAX is a stablecoin.
So is RSV/RSR
Do you not see the issue.
The Paypal connection was one of the biggest selling point of this project.

>>20512562
Whatever dork.

>>20512542
No but the project has a long road and they're incredibly active. I encourage you to read about it and see if it's something you can get behind.

>>20512076
$1 EOY

>>20512605
RSV is a stable coin. RSR is not

>>20512629
RSR has no utility without RSV.
Do you not understand that Paypal isn't going to use RSV?
Without Paypal RSV/RSR is just another stablecoin trying to get shitholes to use it.

>>20512605
Peter Thiel =/= PayPal and he still backs it. It fits a different niche.

>>20512633
So what? Netflix is already using it in Venezuela. If it goes well it could be used for other subscription services. The sky is the limit.

>>20512605
>The Paypal connection was one of the biggest selling point of this project

It really wasn't, though.

>>20512651
Which niche? The Venezuelan socialist nation niche?

>>20512662
HAHAHAHAHA

Seriously though, let's not all start pretending the paypal connection wasn't shilled here from day one as the main success factor to RSR.

Lmao at satsgang larp fags using the paxos news as the new fud for RSR, paypal will have tons of cryptos listed and different stablecoins, including RSV. You're not scaring anyone you cucks lmao just kys already

this is fucked. the paypal connection was 80% of the selling point.

>>20512662
Seriously, I thought of that speculative "partnership" as icing on the cake. Wasn't even a thought when I first invested, at all.

>>20512700

You're being larped on hard if you believe paxos will be the only crypto available on paypal lmao

>>20512658
Netflix has no affiliation with the reserve rights project. The team issued a statement saying they could redeem a netflix giftcard with RSV.

>>20512675
Are you gambling shills?

>>20512696
I'm not trying to FUD. I want to make informed decisions. Please do tell, why would you assume PP is going to use various stablecoins? Why would they not invest in and use one trusted stablecoin for their crypto transactions?
Please don't let RSR threads devolve into the same immature shitposting as AMPLthreads. Just answer the fucking question.

>>20512730
At the very least this is a case for its interoperability since RSV is governed by RSR.

>>20512748
do you know how on cashapp you can buy and sell crypto? paypal wants in on that market GG

>>20512748

Because they want traction and momentum. Furthermore, paypal transactions are already supported by the Reserve app, people already deposit money through paypal. The gateway will be seamless and since it's going to be fully decentralized, paypal won't see a legal barrier in adding Reserve, seeing their main vision from the early days was to serve third world countries, something Reserve is doing now efficiently, and which is why paypal co-founders invested in the project in the first place. Why use multiple stablecoins ? For the same reason Binance, Coinbase, do so. Diversification never hurts. No CEO in this space is retarded enough to rely on one solution when he can attract users from many platforms into his by listing different projects.

>>20512777
c h e c k e d
oh bb its a triple

>>20512777
The thing is that PAX is offering a platform to do so. PAX as platform would enable PP to allow costumers to buy/sell various cryptos PAX as a stablecoin would be the intermediary.

>>20512801
>and which is why paypal co-founders invested in the project in the first place

Thiel has NOTHING to do with PP anymore

>>20512819

Thiel was part of the early vision of Paypal to serve third-world countries efficiently but that idea was abandoned after Paypal became a heavily regulated entity and a registered bank in luxembourg. The idea of tapping into that market remains within Paypal as the team actively talks about it, even in the recent Davos conferences. Nothing changes. People are trying too hard to discredit this project but all they offer are limited analysis plagued by assumptions and larps, it's getting cringey. Lmao

PAX OVERTAKEN

PREPARE FOR LANDING IT WILL BE A SWIFT ONE

>>20512801
I commend you for spelling it out for him, but I wouldn't have. A tiny amount of focus applied to understanding Reserve using Google would've yielded this info but, clearly he just wanted one of us to cough up the alpha...

dip is just starting

>>20512819
does it even matter at the end of the day if paypal and pax aren't even competing against rsv?
>centralized stable coin pax
>decentralized stable coin rsv

>>20512883

Exactly, but hey paxos is the new fud to get the cheap RSR, satsgang larpers are playing their last cards lmao, if they just bought in and rode the train with us they would already be richer.

>>20512909
fuck off now with your bastard friends none of what you shill is legit

N.ia - token not needed
l.x - all you insider fucks got millions for free
d.g - same Oddgems even involved GOT few $100k each for promoting a shitcoin

list goes on once a SPECTRE bastard is on a project = team is paying them

>>20512883
The thing is that PP integration was the main pump focus. What does RSR have now? You really think we're gonna go to 1USD because some socialist inflation shithole uses it?
You really think normie adaptation will come out of nowhere, when no big financial institutions use it?

>>20512309
pick yourself back up ranger.. we have to keep fighting

>>20512973

Nah you go fuck yourself with your shit larps lmao no one believes you nor takes you seriously. Stay poor faggot, maybe you'll get in on the next ATH like the cuckold you are. lmao

>>20512983
I don't care if rsr hits $1000 I'm not selling
>the point is to arb your fat stacks not cash out

>>20513054
want wallets anon?

>>20513012
I.. I can't, chief

>>20513059
Hey man, I wish you the best. I enjoyed RSR more than any other shitcoin in the last two years. I'm cashing out a nice 2.5x and if I can do that on half of my investments I'll make it one day, too.

Just dumped mine with a nice return. Depending on how things develop I might come back.

>PayPal announces two weeks ago they are getting into crypto
>all the sudden its critical to rsr

Yawn

>>20513073
Thats sergeant first class to you cadet

>>20512540
XRP? did you just wake up from a coma boomer? that shit has been dead for 2 years.

>>20512605
weak FUD.. they are so desperate they are going to grab on to any thread they can to FUD RSR. Let them try and fail. Moon mission will resume shortly.

>>20512675
never heard shit about paypal until a little speculation the last few days. you seem desperate

>>20512983
nice try SPECTRE but you aren't convincing anyone that PayPal speculation ever mattered.

PayPal wasn’t my motivation for going in on RSR.

Decent white paper, good long term vision and not just some twats in their mothers basement trying to create a PnD.

They did well to get the VC’s on board that they have, and that being the case, seasoned Venture Capitalists like PT know when there’s a profit to be made, but also where they can make it happen.

I mean.. the only other reason would be to ensure it doesn’t ruin another investment...

sorry RSR holders, it's over. dump your bags and go invest in SXP or RLC or BNT or something likely to make gains in coming weeks

>>20513393
Poor FUD.

By all means swing, but anyone who has spent their time looking at the project will know that RSR is a buy and forget for a while.

It was never going to move mountains this early on

Jesus, a token so much breathes the wrong way and some of you shit yourself