Citi announced today that it has successfully processed live transactions on SWIFTS’s blockchain-based ledger. As the first U.S. bank to conduct live native ledger transactions, @Citi has collaborated with First Abu Dhabi Bank and OCBC. https://t.co/tOYvbIYZDh
🚨 JUST IN:
🇺🇸 TREASURY SECRETARY SCOTT BESSENT SAYS THE U.S. WANTS TO BREAK DOWN REGULATORY BARRIERS HOLDING BACK #BITCOIN AND CRYPTO.
HE SAYS WASHINGTON IS CONSIDERING REFORMS TO UNLOCK THE FULL POTENTIAL OF AMERICA’S CAPITAL MARKETS.
CLARITY ACT ALMOST HERE
A new @BIS_org Working Paper 1374 explores using the XRP Ledger #XRPL to secure official economic data. The experimental prototype anchors data hashes into XRPL memos for instant, tamper-proof verification. (No policy endorsement implied) 1/2 https://t.co/0R6R25EMUJ
No the government is not going to take your XRP
That would require an act of Congress
Like the Gold confiscation act of 1933
It is Not happening because it literally doesn’t need to.
It is a tech that is designed to be bought and sold at scale
This notion is completely idiotic
when you survived 5 years of market abuse, ftx, luna, melania, libra, celebs launching coins, 3ac, cz jail, china bans, germany selling, mt. gox unlocks, wars, tariffs
and somehow made it to altseason
the older you get the more you realize that this game called life is all about who can bend the most rules to their will and get away with it without any consequences
Jesus... the entire AI buildout is to monitor every transaction in the financial system so banks can settle overnight liquidity transfers using netting instead of gross payments.
This drops the actual cash necessary for daily interbank settlements by 95%-99% @SantiagoAuFund
But wait.. there's more 😏
Per the US Faster Payment Council: domestic payment providers have been highlighted to promote 'inter-collaboration' to support G20 targets 🎯
Ripple & Stellar mentioned ✅️
$XRP $XLM