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.
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.
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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