As for CredEarn loans sent out last night, for those keeping score: XRP price says 29 cents (they round to the penny now, no more fractions). That is an improvement over 26 on the 1st, 19 on July 15, and 17 cents on July 1. Six months ago, we got locked in at a price of 33 cents on XRP, so we still are working our way back to that. I might add, MS, since we discussed this two weeks ago, the only principal I have not seen returned to Uphold yet is that XRP. If I had let it roll, it would already be in a new three-month loan (with simple monthly interest, not the all-at-the-end daily compounded interest I want for all my ladder rungs).
I actually got to chat with CredEarn after only waiting 10 minutes for a reply. I did not ask them when I was going to get my XRP back; figure tomorrow, Monday at the latest. I asked them to make it possible to roll the six-month compounded loans into new six-month compounded loans without having to take the money back for two weeks to avoid rolling into a three-month loan. So far not happening, but I said to put me down as a valued customer asking for that change.
FYI additional CredEarn strike prices for 8/15/2020: BCH 295.54 and LINK 16.75 (So I already missed out on another 15%; that is OK, I still have 40% of my holdings riding that balloon.)
As for instant transfers to Uphold, MS, no, you cannot then transfer it elsewhere for three days. You can trade USD for cryptos, euros, etc., but not transfer the money back out immediately. That is understandable. Maybe you could stake holdings to CredEarn on the 1st and the 15th right away. I did not do that. The money I moved the last few days is going towards my September 1 rung(s). In seven days, I will already be ready to set up my next UPUSD loan for then. Only question is whether I buy more Cardano and then loan a percentage of it out, along with half my LTC and some LBA.
My excitement about the seemingly instant transfers came from my thinking maybe that speed was because banks were finally using modern 21st Century technology, maybe something facilitated by crypto, maybe even that it was thanks to the people at Ripple.
My new goal in life is to be interviewed by Chantel Elloway. When that happens, my comments will be story, observation, opinion, maybe even enthusiasm. What I say will never be instructions on how you should risk your money. Same goes for these posts.
