A thread training #GPTJ on queries pertaining to $XRP and Central Banks, with responses.
1) Detail how the Federal Reserve will use the digital asset XRP.
1) Detail how the Federal Reserve will use the digital asset XRP.
1.R) "A central bank and a financial institution are expected to form a relationship with the use of the (XRP) cryptocurrency.
The US central bank has been making efforts to introduce the Ripple digital asset into the banking system and they have been moving forward..."
The US central bank has been making efforts to introduce the Ripple digital asset into the banking system and they have been moving forward..."
"...Now, the Fed has finally detailed how they plan to use XRP. The Federal Reserve is a United States federal agency responsible for overseeing the nation’s banking system. The Bank of Japan is another central bank that has been using the Ripple blockchain."
2) The year is 2025, how is the crypto currency XRP utilized by central banks around the world?
2.R) "Could one of them be in your wallet or on your phone? Is it a physical currency used for transactions? Or could it be part of your internet?..."
2.R) "Could one of them be in your wallet or on your phone? Is it a physical currency used for transactions? Or could it be part of your internet?..."
"...What if we said that in 2025, every single bank in the world is using XRP in their transaction process? This is a vision for how the cryptocurrency of XRP is being used in the future."
3) Will XRP become a global stable coin used by central banks for monetary policy?
3) Will XRP become a global stable coin used by central banks for monetary policy?
3.R) I think that you can count on the fact that XRP is going to be a major global stable coin for central banks to use as a method of monetary policy. I think that is a very safe bet..."
"... This is because of the nature of XRP, and the fact that it was designed for use in banking, especially in a decentralized manner.
There are some real reasons why they will be taking a look at XRP as a means of stabilizing their currencies."
There are some real reasons why they will be taking a look at XRP as a means of stabilizing their currencies."
4) How does XRP solve the Triffin dilemma?
4.R) XRP is the only crypto that can solve the Triffin Dilemma because it is a crypto that does not trade on price but on volume. Under normal market conditions, the volume transacted is higher than the value that is traded..."
4.R) XRP is the only crypto that can solve the Triffin Dilemma because it is a crypto that does not trade on price but on volume. Under normal market conditions, the volume transacted is higher than the value that is traded..."
"... Therefore, users do not pay for value, but for volume.
The problem arises when transactions are made without volume. This produces a slippage or ‘fake’ volume, which is the pair value that is traded for the volume that is transacted."
/Thread.
more soon
The problem arises when transactions are made without volume. This produces a slippage or ‘fake’ volume, which is the pair value that is traded for the volume that is transacted."
/Thread.
more soon
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