Crypto updates with an emphasis on what impacts this space.Attention paid to the top assets by market cap with a special focus on XRP 💧,☀️ & 75,000_j.Deaton
FedNow payments will support only domestic payments between U.S. depository institutions (roughly 10,000).
Liquidity arrangements are available to those who use a joint account at a Reserve Bank for transfers.
Cross-border with ISO 20022 for the feds projected to be March 2025.
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I guess Cramer didn't catch Fed Governor Bowman's speech👇last week in Little Rock.
"We have also been told that banks have observed their deposits flowing to nonbank crypto-asset firms and, understandably, would like to stem that outflow👉by offering the services themselves."
Exactly. Reminds me of the ISO 20022 Hype & the R3 XRP Hype. Check out @XRP_OWL vid today too. There are 90+ solutions being showcased for the mix of options. This 2023 FedNow launch has nothing to do with cross-border flows.
David's transcribed presentation: Many have not read it 👉in full.
Line 79: (XRP) "won't solve the last mile problem, but will help with interoperability and concentrating liquidity so enterprises don't have to be keep funds in every payment system." 1/2
https://t.co/QCDQJWuzAg
Oh yes. I could see Emi working her magic from San Fran with Japan last week!
(What may surprise you is I speculated!🤯😂)
View my video made exclusively for @genfinity LightHouse Report created on August 22 that dropped today for free public access.
https://t.co/3LQ87BmQQj
👀Recently 2 key @ripple r's spoke about TOKENIZATION of Real World Assets👀
The Payers article with @AntonyWelfare pointed out: WEF projects "10% of the world’s GDP will be tokenised by 2027".
Today @navinblockchain spoke in Abu Dhabi & again, tokenization was IN FOCUS. 1/2
"Ripple has several pilots in the progress for CBDCs, including the Royal Monetary Authority (RMA) of Bhutan and the Republic of Palau." - @AntonyWelfare
Several: More than two and fewer than many. 😉 In progress.
https://t.co/VqLGkhgOFh
👀As of August 31 Azimo, an XRP ODL enabled payments co. stopped their person-to-person remittances due to being acquired by @Papaya_Global (pivoting biz)
Customers are pointed to use @remitly who is powered by @ThunesPayments - a big Ripplenet User
https://t.co/3hbuE0VOJO
A message is being repeated across the space.
"All financial instruments will live on Blockchains, and be TOKENIZED, and that would create this platform of innovation"
Jannah Patchay, leading policy @digitalpoundfdn & CITIBank Tony McLaughlin, MD Emerging Payments.
Sept. 6 '22
Announced Today🎉#XRP ODL Exchange @Bitso uses Crypto Cross-Border Payment Tech to help Canadian remittance company @AfrichangeHQ expand to Mexico.
"...confirming one of the most successful use cases of crypto technology: cross-border payments.”
- Bitso
https://t.co/JCpo2orWk5
👀Huge 👉INDUSTRY news.
🤯The amendment will allow XRPL users to Deposit, Withdraw, and Govern on an AMM Instance (Pool).
Thank you @ShortTheFOMO for bringing my attention to the importance of this back in May.
#ApexDevSummit
What about #XRP?
"It's being used"
"The probability is, is that the value of the chain increases significantly"
"It's a big play, it's a real play and it has its niche"
👀Testimony of Gary Gensler (13 pages) Sept 15
"I have asked staff, in working to register crypto security intermediaries, to recommend a pathway to allow both the crypto security and crypto non-security tokens to trade versus or alongside one another"
https://t.co/CsT3lHOiS4
Chamber of Digital Commerce submitted their amicus brief for the SEC v Ripple case. Clip is @PerianneDC giving an update today on a twitter live.
No position taken, despite "arguing" oranges are the same as #XRP and not a security. 😟So why wouldn't they take a position then?