#ICYMI enterprises looking to conduct business abroad can increase cross-border transaction speeds while lowering settlement costs with #blockchain.
Ripple's Brendan Berry shares his thoughts on #crypto as a B2B cross-border payment solution on @pymnts. https://t.co/EZwqb8mMXd
We're experiencing a seismic shift in finance.
While cross-border payments are traditionally costly and slow, Ripple's @_b_berry tells @FinancialTimes how #blockchain helps solve these challenges and drives a new era of global payments networks. https://t.co/0X3zH60aXs
The market is on fire 🔥
#XRP#RIPPLE#ALTCOIN
Get my:
🟣Plan for this Bear Market
🟣Plan for the next Bull Run
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In the analog world, it's all about offense. In the digital world, it's all about defense. Bitcoin has the strongest computing network in the world🤔
@APompliano
The claim that FedNow is not the first step toward a CBDC would be more easily digestible were we not aware of the Biden administration’s steady barrage of hostile broadsides against cryptocurrencies.
Between 2008-22, the Fed partnered with a handful of big banks to print $10 trillion-ten centuries of wealth in 15 years — a bonanza for the Banksters.
Cryptocurrencies like Bitcoin give the public an escape route from the splatter zone when this bubble invariably bursts. So the White House is colluding with the banksters to keep us all trapped in the bubble of profiteering and control.
In his Feb. 8 post on Pirate Wires, Nic Carter @nic_carter describes how the White House has organized bankers to participate in a sophisticated, widespread crackdown to destroy the crypto industry. Carter describes 15 incidents where President Biden has weaponized FDIC, OCC + DOJ to force crypto-friendly banks to close their doors to crypto firms since Dec. 3. The recent crackdown on crypto blocks exit ramps, removes alternative rails, and strengthens government control over both the financial and political systems.
We should be wary since CBDCs are the ultimate mechanisms for social surveillance and control. As Balaji Srinivasan @balajis says, “The distinction between FedNow and a CBDC is important from a technical standpoint, but not from a civil liberties standpoint.” Balaji compares FedNow to “a virus that has evolved to evade recognition by changing its sequence without really changing its function."
🇺🇸 Florida Governor: Fed's digital currency payment system “is ceding the power of our financial freedom to a central bank which does not have our interests at heart.” 👏
The Fed just announced it will introduce its “FedNow” Central Bank Digital Currency (CBDC) in July. CBDCs grease the slippery slope to financial slavery and political tyranny.
While cash transactions are anonymous, a #CBDC will allow the government to surveil all our private financial affairs. The central bank will have the power to enforce dollar limits on our transactions restricting where you can send money, where you can spend it, and when money expires.
A CBDC tied to digital ID and social credit score will allow the government to freeze your assets or limit your spending to approved vendors if you fail to comply with arbitrary diktats, i.e. vaccine mandates.
The Fed will initially limit its CBDC to interbank transactions but we should not be blind to the obvious danger that this is the first step in banning and seizing bitcoin as the Treasury did with gold 90 years ago today in 1933.
Watch as governments, which never let a good crisis go to waste, use Covid-19 and the banking crisis to usher in a new wave of CBDCs as a safe haven from germ-laden paper currencies or as protection against bank runs.
https://t.co/Ncmq3tWjz6
My new draft article discusses whether the Federal Reserve has authority to reject account and payment services requests from eligible financial institutions. TLDR: They don’t. Forthcoming in the @IowaLawReview https://t.co/qj4FmLggr0