Drew

Exactly. But I was thinking, wouldn't that be an interesting way to start building the infrastructure to use an IOU on XRP, without letting the cat out of the bag- jpmorgan coin that is.

I’ve thought about this a lot over the last couple years. My mind goes to a model much like the model of thermodynamics Energy is not created Not destroyed And always heading toward entropy So what’s different with liquidity in a corresponding bank model vs. Ripples model? After all, liquidity comes from somewhere, right. So from ware does xrp’s liquidity come from and where is it parked. I guess my current thinking is that value is parked when providing liquidity to xrp – but not in the redundant fashion corresponding banking parks value- each bank having its own NOSTRO VOSTRO account agreements with every bank it has a relationship with. Instead, market makers provide liquidity xrp at the exchange – dare I say, in a more centralized fashion; a more efficient fashion. Just my 2xrp – but I’m just a landscaper so, grain of salt.

"growing excessively large as the result of spam or malicious usage." Not because a design limitation exists. You've got to pay to play: good thing.

https://www.coindesk.com/saudi-arabia-uae-aim-to-cut-payments-costs-with-common-digital-currency

https://www.businesswire.com/news/home/20190125005164/en/Mastercard-Earthport-PLC-Announce-Terms-Recommended-Cash

https://www.centralbanking.com/awards/3979966/payments-and-market-infrastructure-development-reserve-bank-of-australia Update on NPP by RBA

Ive always thought this was the direction Catalyst was taking https://www.cutoday.info/Fresh-Today/Catalyst-Corporate-Ripple-Partner-To-Give-CUs-Access-To-Blockchain-Payments So, whats next i ask, domestic value?

I guess my quandary is more along the lines of the stable part. How do you build a "stable coin" without it being a walled garden?

That happens on the fiat side but my understanding - depending on the type of wallet, hosted or non hosted, xrp is xrp. I may be wrong.

Couldn't any "jurisdiction" create a stable coin on the xrp ledger and with trading boots, trust and arbitrage mechanisms, pin it to that "jurisdictions" fiat value? Thoughts...

https://tokenpost.com/Mongolias-capital-city-to-launch-blockchain-based-money-transfer-services-via-Terra-partnership-1070 Founded by Daniel Shin, Terra is a new project that aims to create a price-stable digital currency. In August 2018, it raised $32 million in a seed fundinground that received support from Binance Labs, OKEx, Huobi Capital and Arrington XRP Capital, among others.

ILP could connect all types of ledgers, an infinite amount. But how and when do the ledgers settle? If they settle with xrp, im happy. The ways, and different ways this may actually happen is the mind bending thought.

Add Stripe to the mix - https://www.prnewswire.com/news-releases/cross-river-bank-partners-with-stripe-to-power-the-marketplace-economy-with-push-to-card-payments-300775260.html

https://techcircle.vccircle.com/2019/01/09/amazon-testing-its-own-upi-handle-for-new-payments-product-report Looks as though Amazon has a relationship with Axis Bank. Axis uses X Current

I was thinking Ripple may be pals with ACI, as Tehold has suggested. I failed to point that out....