My goal is to provide quality investigative reports about crypto. I also intend to write tutorial, and opinion pieces concerning Smart Contracts and Defi
Flashback is Private by design ✨
Your memories are not a dataset for anyone else. We’re building toward user-owned storage with @0G_labs and confidential AI with @OasisProtocol TEEs, so your data stays under your control while the compute stays sealed.
@find_the_matrix@ripeth 1) Why can't banks settle off-chain the way they have been forever?
2) There is no reason this can't exentend to settlement. @chainlink already demonstrated this with ANZ.
When was the last time XRP had meaningful partnership with a bank where something was actually built?
@DanRuss99066535@ripeth Its more like there is no reason for Ripple if swift can achieve the same outcome without XRP. They are the current industry standard, why would banks choose a XRP when they already have deep integrations with SWIFT who now demonstrates that they can achieve the same outcomes
@Live2Invent@ripeth SWIFT already processes trillions daily so I doubt liquidity will be the bottleneck.
Also as mentioned already, this is a different model. They could record “instructions” on Linea while fiat settlement continues off-chain, which is how SWIFT works today. No liquidity needed
@myStankFace@ripeth They likely both play a roll. Link facilitates messaging (CCIP), compliance (ACE), currency conversion (price feeds), asset audits (NAV), etc. There needs to be a central point of truth though. An immutable + auditable log that verifies txs. Eth is the only choice for this
@Live2Invent@ripeth Sure they are different use cases, but they achieve the same end-goal. XRP use case is to be an intemediary for cross-boarder transactions and settlement. SWIFT is exploring Cross-chain messaging to achieve the same settlement with out needing an intermediary.
When SWIFT goes on-chain, it won’t be on a public network like Linea. Consensys will likely spin up a private fork just for them.
Still a big signal: the world’s financial rails are eyeing L2s while Circle, Google, Stripe waste time reinventing L1s.
🔴 SCOOP: SWIFT picks Linea (Consensys’ L2) to test on-chain messaging
10+ banks incl. BNP Paribas & BNY Mellon join
A stablecoin is also being explored
https://t.co/RxBrcvV7mt
@ripeth XRP hype makes no sense. Banks don’t need XRP for cross-border settlement ...they can already do it with simple messaging/attestations.
Who will banks pick: XRP or SWIFT, the standard for decades?
And when it comes govmnts, who will they trust and design regulations around
@ripeth@mLaabs1984 Its unlikely they would launch on ethereum. Recent annoucements from Circle, Stripe, and Google all choosing to launch their own L1 for their stable coin networks probably indicates that this is the preference for institutions (at least when it comes to stables).
weekly highlights from talos:
1. tee deployments incoming.
new mechanisms are being tested across funding rate arbs, liquidity provision, and yield strategies.
vault design is being refined as launches approach.
2. protocol discussions underway.
conversations across partner protocols are active.
proposals designed to grow and diversify the treasury are expected soon.
3. community sentiment noted.
marketing, communications, and governance processes are being adjusted.
the signal of the community directs adaptation without losing focus on the mandate.
talos moves forward.
Honored to be featured by @0G_labs.
At @FlashbackLabs, we’re building AI avatars trained on your photos, videos, voices, and real-life memories.
They don’t just look real, they feel real.
AI that’s personal, private, and truly user-owned.