Anders L 🏁 Profile picture
Feb 11 4 tweets 1 min read
Isn’t it funny how BTC and Ether are the only coins given legal clarity in the US, when the IMF just recently came out with a report harshly criticizing proof of work and also proof of stake.
Then the SEC sued the favourite of IMF, BIS, WEF, CB, claiming it to be a security.

Why? Well... Ripplenet & XRP removes the need for correspondent banking, which is a huge revenue source for a few mega banks.
The BIS clearly understands the need to remove correspondent banking, for the sake of the planet (it will benefit everyone except very, very few).

That’s why Carsten talks about starting ”with a clean slate.” CBDCs settlement through a bridge asset, open standards. The future.
To fully remove correspondent banking you have to start from scratch. They will not do it willingly... especially Wall Street, especially those who control it.

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More from @X__Anderson

Jan 9
Why I'm super bullish on $XRP right now.

It was confirmed that when they mention instant settlement, that has to include XRP in Ripplenet. I wasn't sure if that could achieved with traditional nostro/vostro but apparently not. It HAS to include XRP settlement.

1/6
Finastra has a solution called "Ripplenet via Fushion Total Messaging" where Finastra's customers can implement Ripplenet. finastra.com/sites/default/…

It's clear that emphasis is on instant settlement. It thus has to mean settling using XRP.

2/6
That is the big selling point as you see being highlighted. Finastra as we know it is huge. 10,000 customers. 90 of the World's largest banks are Finastra customers. They have over 10,000 employees.

"with a target processing time of one million transactions per hour."

3/6
Read 7 tweets
Jan 8
I believe Gilbert Verdian understands the large financial institutions and their needs from the inside... and this being what separates Quant from other projects.
A programmer, security expert with experience from huge institutions.

Even in the case of Ripple, he met them first in 2013 when they were working with Westpac.. and he saw the isdues they had connecting with the bank systems. 1/3
Perhaps in Ripple you had software guys who didn’t really know how the banks operated.

Overledger making it seamless for banks and enterprises to connect their existing systems with blockchain/DLT. Following regulations and adhere to high security standards. 2/3
Read 4 tweets
Apr 11, 2021
SWIFT, R3: $XRP, $XDC

Internal R3: $XDC bridges to external $XRP

R3 + Xinfin is not new.

Dec 5, 2018 $XRP + R3 Corda Settler announced: r3.com/press-media/r3…

Jan 30, 2019: SWIFT + R3 Partnership: cnbc.com/2019/01/30/swi…

Feb 9, 2019: Xinfin + R3: pymnts.com/news/b2b-payme… ImageImageImage
April 18, 2019: pr.com/press-release/…

Transformer + XinFin. To translate SWIFT messages.

Follow the timeline. Surely all just coincidences, right? 🐇 Image
Just putting the obvious here. As most of you know: Image
Read 4 tweets
Jan 9, 2020
1/
This is my Ripple conspiracy theory and their big connections with central banks and the IMF.

I’m just going to be blunt. Maybe I’m right.. maybe I’m wrong.. but I don’t believe the largest banks like Citi really likes Ripple that much, along with XRP..
2/
Reason I’m saying this is firstly because Asheesh Birla has said Citi told them that they are their enemy on a meeting.

Why I think this is so? Ripple along with XRP brings disruption... the flow of funds won’t be controlled by the largest banks with Ripplenet
3/
and settlement through XRP. These giant banks take out large fees for smaller banks to hold nostro for them.

A bank like Citi can then control the flow of funds and make money doing so. Control as well as fees. Very high barriers of entry for these nostro holding
Read 11 tweets
Oct 3, 2019
1/
Warning: Very speculative.

This is how I could imagine SWIFT playing the game: Even though it is a cooperative of banks it seems they are working in competition to Ripple. Gottfried creating SWIFT gpi instead of working with Ripple is one example.
2/
The issue for SWIFT is that Ripple offers the full package, could entirely replace SWIFT. It seems SWIFT gpi has become a lot more competitive to xCurrent lately. A fire was lit under their ass by Ripple.
3/
What Ripple offers that no one else can offer is on-demand liquidity. This is the future, nostro vostro will die out, it's just a matter of time.

This is why I find it likely SWIFT would want to use Corda Settler with XRP to gain this massive advantage.
Read 9 tweets
May 15, 2019
1/15
When #xrp starts being used as a bridge asset as a standard it will be the perfect investment for any savvy investor. Why?

Consider first an investment into stocks. Stocks have over the last hundred years proven to be a great investment, averaging something like
2/15
a 7% yearly return on average adjusted for inflation. But stocks are volatile and companies often fail. They are a high risk investment. Many unforseen events can bring down the business.

Now, consider XRP. Imagine an ecosystem for XRP is being developed.
3/15
This may take some time. At this moment payment providers are using xRapid but banks are not really live yet. Regulations are not clear.

It is thus still risky. Imagine in the future, all regulations are passed and XRP enjoys a good traffic from banks.
Read 15 tweets

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