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  1. Here is an idea, Instead of burning xrp, I suggest Ripple to write an option contract to gift Fed around 30 billion xrp as a exchange of Fed’s commitment to provide the public liquidity of xrp, for all the business and banks to use. The current US debt is about 22 trillion, 22,000,000,000,000 / 30,000,000,000 = 733 If Fed sells the gifted xrp in the average price of $733/xrp, US can pay off the debt completely and protect the dollar from collapsing. And xrp can strengthen its use case as a dollar’s life saver. This is a very good chance for the Fed to solve the global liquidity problem in the most democratic way possible. This scenario is win win for everyone, it benefits the government, private business, and the citizens of the world. This kind of chance doesn’t come by often. Digital asset can literally save the country if they adopt the asset in the right way. What do you think of the suggestion Ripple?
  2. was just reading through Fed's report published on aug/5/19 (https://www.federalreserve.gov/newsevents/pressreleases/files/other20190805a1.pdf) And found this: Page 33, when some commenters expressed concern that a single private-sector operator would serve as a single point of failure in the faster payment market. "This diversity inherently creates significant coordination challenges that, along with the high fixed costs necessary to develop RTGS services for faster payments, are likely to limit the number and type of entrants in the market. Indeed, only one private-sector RTGS service for faster payments has been established in the nearly six years since the Federal Reserve launched the SIPS initiative and articulated the goal of a ubiquitous, safe, and efficient faster payment system. Comments received by the Board support the expectation that this service is likely to remain the sole private-sector provider of RTGS services for faster payments in the United States." According to the report, SIPS, Strategies for Improving the U.S. Payment System, initiated Faster Payment Task Force team of around a dozen of start up companies, and only one has been established. So, can anyone help me guess the name of the only company that has been "established" out of the start up since the launch of SIPS? That's the company that will serve US with the new RTGS service.
  3. “Banks behind the private payments system are worried about a big, public-sector rival. The Fed, by law, doesn’t seek to make a profit but has to cover its costs by charging banks for the services it provides. In this case, it would have to show it can break even on creating and running the updated system. The big banks fear this would cause the Fed to compete for customers by offering volume discounts to users, which would force them to follow suit. The banks also say they were blindsided, arguing they developed their instant-payments system under the assumption the Fed wouldn’t compete with it. While the Fed hasn’t taken a public position about who should be involved in modernizing the payments system, it launched a task force in 2015 that rounded up competing technical proposals from the private sector.” -Wall Street Jornal It has publicized that Fed is not public about who out of the candidates provides the technology support yet. But it looks like one of the team is supporting the core tech to Fednow for sure. I believe utilizing open public digital asset (xrp) is the most democratic and capitalistic way to provide liquidity globally. I hope Fed is heading the right way. https://www.google.ca/amp/s/www.wsj.com/amp/articles/banks-confront-fed-on-faster-financial-payments-11564911000
  4. Alright guys, its been a hell of a week for Ripple and crypto in general. We are witnessing the beginning of a banking revolution- its only going to get crazier as we head into 2020. PART 1: Let me start this post by telling you a conversation I had with my mother, an executive loan officer and branch manager of a regional bank in the south: After the usual mother/son conversation, I asked her how her job was going since she just came back from family leave. APPARENTLY.... "The top executives are freaking out. The projections for loan income are completely off due to the FED announcement." If you're not in the US, basically the central bank wants to lower interest rates next month. The effect? Here is an excerpt from a Yahoo Finance article: https://finance.yahoo.com/news/fed-interest-rate-cut-horizon-121512567.html So, US banks will be struggling to make the quota for this fiscal half because the banks projected the rate to actually increase rather than decline. This meant that many banks gave adjustable rate loans to borrowers in hopes that the prime rate would increase over time. PART 2: Responses from other banks have ranged from nonchalant to panic As you can imagine, banks want to keep a lid on their panic state. Most have released statements that say they were prepared for the rate decline. Some are in denial and think the FED will call back on its majority vote to cut the rate https://www.cnbc.com/2019/06/20/one-major-bank-is-holding-the-line-saying-the-fed-wont-cut-rates-this-year.html Once Goldman Sachs executive went all the way to say smaller banks are screwed https://www.bloomberg.com/news/articles/2019-06-20/goldman-sachs-executive-says-legacy-retail-banks-are-screwed Based of the conversation with my mother, I would agree that the banks are concerned and stand to lose a lot of money. PART 3: ENTER CRYPTO- Libra is announced, and the Moneygram Move Okay so, unless you live under a rock, the news this week has been amazing. Facebook announces Libra under much criticism. The announcement had a few effects: Whether you love it or hate it, it has helped bring crypto into the spotlight this week. All press is good press for crypto, that much is true. Regulators have sprung into action. Already making statements about the regulation of Libra and crypto in general. (See quotes below) https://www.apnews.com/ee872c2a79494a1183866bd1dc9c9083 https://www.cnbc.com/2019/06/20/facebook-libra-cryptocurrency-faced-with-central-bank-warnings.html https://cryptonews.com/news/fatf-decides-to-tighten-crypto-regulation-report-4092.htm There are plenty of other quotes, but i think this suffices. A final effect is that banks will be looking for an alternative or an edge against their competitors. Ripple and Xrapid already exist and has gone through extensive trials over the past 5 years. Brad Garlinghouse has already made the statement that Ripple has has a "record week" due to the Libra Announcement: BOOM- Thank you, Facebook. Ripple is also in the spotlight for the Moneygram Deal. MoneyGram's Stock rose over 150% and huge announcements for new corridors were made as moneygram is expanding their footprint in India. Ripple is making other moves as SBI Remit and SCB Thailand are featured in their Paying Forward promo videos (check twitter, i'm too lazy at this point to embed them lol) Conclusion TLDR: Banks are hurting from the potential FED rate drop and crypto appears this week to banks as a way to cut costs. The financial transformation is on the horizon and is approaching fast! If your read all that, congratulations. You're amazing!
  5. So I was thinking that Xpring will lead to Ethereum being an after thought in the crypto market. Knowing the capabilities of Xpring we know it can do more than Ether and has a huge backing already when you add in Ripple's partners. How does this equal the death of Ethereum though? My thoughts are we know the sec is constantly scrutinizing Ether and could say it's a security. This would kill every dapp on the platform. Coin creators would be livid and would want to sue the SEC because of this. But what if they had a better option? Enter Xpring. The XRP ledger can hold any coin or token today. It doesn't matter what platform it's on and it can be easily added to the ledger with its current value. So why is this a possibility? Ripple's partner The United States Federal Reserve. To maintain a semblance of control they need an asset they can 'trust 'and that isn't Ether. I see them kicking Ether to the curb and have Xpring scoop up every dapp and token on the Ethereum platform. Imagine all that value coming into Xrp almost overnight. I find this outcome highly probable given the current circumstances. Thoughts?
  6. Here is Ripple's proposal regarding FED Task Force's project regarding faster payments. A post by JK (initial response though is that its a joke), led me to check out Ripple's proposed use-case to the FED regarding faster payments and interoperability. Their main purpose is to: “identify and evaluate alternative approaches for implementing safe, ubiquitous, faster payments capabilities in the United States.” https://fasterpaymentstaskforce.org/meet-the-task-force/mission-and-objectives/ One of their main goal is to: "recommend, establish, and enforce cross–solution rules and standards that aid in achieving the core faster payments ecosystem goals of broad adoption; safety, integrity, and trust; and interoperability. These cross–solution rules and standards would encompass a set of baseline requirements that enable payments to move securely and reliably between solutions, and to ensure end users have predictability and transparency in certain key features pertaining to timing, fees, error resolution, and liability." https://fasterpaymentstaskforce.org/goals-and-recommendations/faster-payments-rules-standards-and-baseline-requirements/ The Member Rosters are: https://fedpaymentsimprovement.org/faster-payments/about-the-task-force/roster/ (Including representatives from Visa, Mastercard, etc.) Formation Team Member List: https://fedpaymentsimprovement.org/wp-content/uploads/governance-framework-formation-team-roster.pdf (Non-Bank Providers members are: (Lou Anne Alexander, Early Warning Services, Kevin Christensen – SHAZAM Network, Matthew Friend – Visa, Inc., Andrea Gilman, Mastercard, Steve Ledford – The Clearing House (TCH), Gene Neyer – Finastra, Deborah Phillips – Jack Henry & Associates, Bradley Wilkes – WingCash LLC) As I found out, a lot of payment platforms submitted their proposals to FED Task Force to be assessed by McKinsey & Company. Here's the list of all proposals including Ripple (lower part, with pdf download): https://fasterpaymentstaskforce.org/effectiveness-criteria-and-solution-proposals/ Question is: Did Ripple succeed said proposal? I guess we'll find out once the FED Task Force publish their conclusions by mid-December 2017... Further reading: @Hodor made a blog regarding FED Task Force:https://xrphodor.wordpress.com/2017/07/22/fed-faster-payments-task-force-recommendation-ripple-in-everything-but-name/
  7. http://bit.ly/2xYi71W I guess it's due to Coindesks internal sensorship policy that they barely name Ripple and in the end even try to frame Ripple a little bit as 'not seeking partnerships' (as that's actually Ripples middlename in comparisson to other cryptocurrencies) but hey, doesn't matter, I see yet another authority that is waking up, seeing and broadcasting the market opportunity of Ripple.. we are getting really close now..?
  8. "The Faster Payments Task Force has effectively achieved its mission, and was disbanded with the publication of its Final Report. However, there is much work yet to be done. As I’ve mentioned, within its Final Report, the Faster Payments Task Force listed 10 recommendations for the industry to pursue to support its goal for faster, more secure, ubiquitous payments by 2020. With the Fed’s support, the governance framework initiative described in the first recommendation is already underway, with other industry efforts expected to commence in the near future. The Fed is actively evaluating requests the task force made of the Fed in its recommendations, such as supporting 24/7/365 settlement, and in the coming weeks will publish its next steps for advancing payments system improvements in alignment with the desired outcomes described in its Strategies for Improving the US Payment System paper."
  9. https://fedpaymentsimprovement.org/save-the-date-for-the-faster-payments-task-force-live-broadcast/
  10. http://www.livebitcoinnews.com/federal-reserve-faster-payment-sites-ripple-video-showcases-future-banking/
  11. This is just confirmation that Ripple in the running, and a chance to check out their direct competition as pertains to this particular area. There are some noteworthy entries, but Ripple is by far and away a market leader. It is worth noting that some of these competitors are openly looking to end BTC.....as crypto investors we would be wise to remember that this party could all be over in one regulatory swipe. Unlikely, yes, but don't put all your eggs in one basket. https://fedpaymentsimprovement.org/faster-payments/capability-showcase/
  12. So I found in a discussion where someone linked an article (and I think link was broken) but the individual referenced statistics in the article, alleging that an insane amount of money is moved by the fed, treasure etc every month....for the life of me I can not find the thread, I've tried going through my history link by link and no dice.... This is in an effort to better understand the market cap #'s and better estimate what a mature XRP value might be. help? TIA, Chris from Texas
  13. I could have overlooked it, but I did not see this get posted. The FED's Faster Payments Report - Jan. 2017 https://www.federalreserve.gov/newsevents/press/other/US-path-to-faster-payments-pt1-201701.pdf
  14. http://www.coindesk.com/is-the-federal-reserve-keeping-its-blockchain-plan-close-to-the-chest/?utm_content=buffer21aa9&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
  15. http://www.wsj.com/articles/fed-expected-to-outline-approach-to-monitoring-fintech-1480935601
  16. From the fed's paper: https://www.scribd.com/document/333308566/Distributed-ledger-technology-in-payments-clearing-and-settlement#from_embed?content=10079&ad_group=Online+Tracking+Link&campaign=Skimbit%2C+Ltd.&keyword=ft500noi&source=impactradius&medium=affiliate&irgwc=1 Here is the coindesk coverage: http://www.coindesk.com/federal-reserve-central-bank-distributed-ledger-research-paper/ Looks like interledger is taking the place it deserves as an equalizer in the financial industry.
  17. The Fed is simply a score keeper:
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