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Andrew Pearce 🇦🇺 🏁 Profile picture
Andrew Pearce 🇦🇺 🏁
@darwonboy
May 16, 2022 • 10 tweets • 2 min read
With the rumours of Ripple possibly moving to London getting around, my mind started ticking over. Imagine this as a scenario:
SEC succeeds in classifying XRP as a security in the USA and Ripple moves to London to continue their business. JPM coin becomes the wholesale US dollar CBDC and USDC becomes the retail facing digital US dollar.
Both of these US Dollars only function within the "walled garden" of the USA and any other country that decides to use the US Dollar instead of their sovereign currency.