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RippleRicky

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About RippleRicky

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  1. Good! Let the Zerps depreciate until Q4 so I can bag up tons more!
  2. @ADingoAteMyXRP Exactly I completely agree with you! Read the article I just posted above,. Steve Ledfords tone 100% makes it sound like TCH is NOT happy with the Fed's Decision.
  3. This article with TCH's Steve Ledford, the Senior Vice President for product and strategy at TCH basically shows his discontent and misery surrounding the FEDNOW choice and IMO, I don't believe TCH will be the winner here folks! http://www.digitaltransactions.net/its-official-the-fed-is-jumping-into-real-time-payments-with-fednow/
  4. @Hodor absolutely man, I know you’ve done a lot of digging and knew you could make legitimate sense of it. Either way I see it all as a very positive outlook. 🙌🏼
  5. @Finesse My bad, I should have clarified. The actual executive order 13772 that the President signed was February 2017 but yes you're correct, the report came later.
  6. I realize this is from 2017 but I don't remember ever seeing this ??? Correct me if I am wrong.
  7. Then I read this in the report which coincides with Bank Of England Proof Of Concept with Ripple. Here is the Proof Of Concept link and it's feedback https://www.bankofengland.co.uk/research/fintech/-/media/boe/files/fintech/ripple.pdf?la=en&hash=75E5F445230B8A2B794C208D29619A3E33F1FFE7&hash=75E5F445230B8A2B794C208D29619A3E33F1FFE7 "The United Kingdom’s Transition to Faster Payments One such system, the U.K. Faster Payments Scheme, is worth looking at in more detail as its transition could provide an interesting comparison to the current U.S. payments system. The U.K. Faster Payments Service (FPS) was created as an entirely new infrastructure on a directive from the government, and went live in 2008.466 Prior to the implementation of FPS, the U.K. had a payment rail network that was very similar to the current U.S. system. The U.K. large value Real-Time Gross Settlement system, CHAPS, is very similar to Fedwire and CHIPS. The U.K. batched electronic payment transfer network, Bacs, is very similar to the U.S. ACH networks.467 The process to build and implement FPS took about three years, from directive to an operational system.468 The United Kingdom first considered options to speed up account to account payments through systems that were already operational. While they considered speeding up Bacs to same-day service, or promoting more usage of CHAPS for lower value payments, problems of ultimate speed and cost to the consumer, respectively, pushed them to choose the path of creating a brand new infrastructure.469 The FPS system authorizes and clears transactions in real time, but settlement is still deferred and done through the Bank of England’s three daily settlement cycles, as was done prior to FPS. The most recent annual data from FPS shows that the service is growing the fastest of any form of electronic payment in the United Kingdom, having logged 16% growth between 2016 and 2017." "One notable difference between the U.K. FPS and a potential U.S. faster payments system is the ability for widespread adoption. Since the U.K. banking system is more concentrated than the U.S. banking system, a U.S. system would need to be reachable by a larger number of banking institutions to benefit all consumers, and the cost to operate the system would have to be borne by a greater number of institutions which could lead to higher costs of implementation and maintenance. While the United Kingdom provides an example for implementation of a faster payments network, many of these issues may have different outcomes in a U.S. system."
  8. Executive Order 13772- Check this out!---Executive order REPORT from Steve Mnuchin of the US Treasury to the President - (Mods, please move if necessary , thank you) Then while you're reading this press Ctrl-F and type in Ripple and you will see Ripple and R3 as two of the many firms listed as "Participants in the Executive Order Engagement Process" https://home.treasury.gov/sites/default/files/2018-07/A-Financial-System-that-Creates-Economic-Opportunities---Nonbank-Financi....pdf The report title is- "A Financial System That Creates Economic Opportunities Nonbank Financials, Fintech, and Innovation Here is the actual Executive Order 13772 Link but the reports and its contents are what we care about. The order is just a confirmation of telling us that Change is upon us. https://www.whitehouse.gov/presidential-actions/presidential-executive-order-core-principles-regulating-united-states-financial-system/ @Hodor Check this out-What do you think of this?
  9. @Cooliozxrp Don't hate celebrate...it's inevitable so why be negative?
  10. Article Below. Feedback? https://ethereumworldnews.com/banco-santander-to-expand-ripple-xrp-powered-payment-platform-to-more-european-countries/
  11. This would be so fu*&^%$ HUGE and its only a piece of the pie folks. FX markets and speculation...we're talking a moon shot for the books!
  12. When I hear “infrastructure” I can’t help but chuckle and think ...”RippleNet”
  13. Here is the Video from Lael Brainard. https://www.hostedmicrosite.com/fpiforum
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