Ivy Zprávy

While it might take a while to see the types of enormous gains that Ripple achieved, there's no doubt that IVY has massive upside potential. Some might think this is simply because it has a similar type of use case to Ripple but that isn't the whole picture.

The reason that Ripple has done extremely well despite many in the cryptocurrency community not being wholly supportive of it, is that it has filled a niche of being a bridge between cryptocurrency technologies and traditional financial systems. It is a cryptocurrency that existing banks and systems can more easily understand and use. And in the early stages of wider cryptocurrency acceptance and adoption, these types of use cases are very important.

Ripple and IVY are not attempting to replace existing financial systems, which are supported by huge amounts of money and influence, and instead are trying to create a cryptocurrency-based tool that banks can use to improve their efficiency and performance. And by including a far larger number of data points for each financial transaction than Ripple, IVY places itself in a very good position for widescale adoption by the existing banking sector.

Does anyone else have any thoughts on the importance of cryptocurrencies, in the initial stages at least, integrating with existing systems rather than trying to replace them outright?

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Hi All Is there any unofficial telegram group or other place for discussion now that the official chat is closed down? Cheers

Ivy closed its official Telegram group without warning today with the message below.

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This feels like unceremonious cutting off communication between token holders (there had been no official news in there this year), and I feel token holders now need an un-official place to gather and chat. How's everyone doing, and what are you thinking?

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The message:

"In the spirit of creating a sustainable business that drives value for our tokenholders, we want to take our communications to the next level in efficiency and responsibility. As a result, we are moving away from some of the online communication techniques that have become commonplace among crypto companies and instead focus on channels of communications where we know exactly who we are speaking to (KYC), and ensure we meet compliance and regulatory standards with a high regard for professional etiquette.

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These improvements and updates to our communications approach serve to protect Ivy as a business and all of our community members as individuals and tokenholders. As a result, as of 7:15pm PST on Friday February 15th, we have shutdown our Official Ivy Telegram Channel."