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"a digital asset, backed in physical gold could replace the dollar more easily than actual physical bars of gold could" - Bloomberg Markets and Finance - July 2020
Presented by ? The first FI who shorted the f##k out of BTC, the one and only, CME Group
CME Ventures which is one of earliest Ripple investors presents via Bloomberg this video where they show us a gold-backed economy could be on the way. But a gold-backed economy in a digital age, so a digital currency backed by gold
So how do you get a digital gold interoperable with the the worlds' FI ?
Well, as funny as it get, there is such a thing being developed for almost a decade
As Ripple CTO Stefan Thomas said in 2017 they build a : "gold that you can teleport into any vault in the world instantly"
OK cool, u made digital bars of gold, great. But how will centrals banks agree to back your digital asset with the gold they bought in massive quantity this past decade…
Well that's simple, and only one blockchain/DLT "startup" do this thing. You work with them, hand in hand.
Exemple : you can invite 12 of them for a party……

Or you aim higher and go play with the IMF
Now you made a digital "gold-like" asset
You met with central banks and IMF
They know your product is "digital gold-like" that can be interopable + you have a tool that enable On Demand Liquidity
So now how you become interoperable with their systems ?
Well 2 years after meeting those big guys that use SWIFT to move the money they create around the world, you integrate their own payment standard and work with them to assure full interoperability
At the same moment, you already integrated and tested your product On Demand Liquidity with some big players (ex : MoneyGram Int., etc..)
And they showed impressives surges in earnings and performances in stockmarket aswell (cf. Thread #MGIBelievers)
So you have a liquidity tool in a financial crisis
This liquidity tool is powered by your digital gold backed asset
You cost sh## in remittance fees
Central banks know the power of your product and you got integrated in their private club, their money transfer system aka SWIFT
So I am not saying that i know for sure XRP will be the digital gold, i'm just a nurse you know
All i'm saying is; if there is a digital gold incoming, some guys are in a better position than others
#xrpcommmunity #XRP #Ripple
And i'll pass on the partnerships, the escrows, the ODL in details, the ties to regulators, the SEC node on XRPL, the cloud, R3/Corda/etc.. Was just to sum up few facts in a FUD time like this
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