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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
Blog URL: https://coil.com/p/Hodor/XRP-Limitless-Scale/MfAIXnQiD XRP can scale to unlimited heights. Find out more, along with my breakdown of the latest pivotal news about the US Federal Reserve's decision to build "FedNow:" 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐍𝐞𝐰𝐬: The Federal Reserve decides to 'build their own' with the latest news about a new system called FedNow. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: MoneyGram conducts its quarterly earnings call and discusses their Ripple deal in depth; ChainTalk interviews Tomohiro Yamaguchi; and an XRP fan analyzes Ripple's UBRI initiative. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Coinfield and Omni c
“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
From the fed announcement yesterday, she said: “The Federal Reserve provided a joint account to enable the private-sector operator to offer real-time payments. Moreover, today we are announcing our intent to explore the expansion of Fedwire Funds Service and National Settlement Service operating hours to support the efficiency of the joint account structure for the private-sector real-time gross settlement (RTGS) service and provide broader benefits. That said, the joint account structure, with its requirement of prefunding and settlement on a private ledger, is fundamentally different fr