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Asen4XRP

Look whats on the IMF website!

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5 minutes ago, ErikNL said:

I can see the link to the program, but can't open the PDF.
https://www.imf.org/en/News/Seminars/Conferences/2018/11/24/joint-cbs-imf-adb-regional-seminar-on-fintech 

Can anyone tell us what's interesting about it?

This part, xCurrent symbols:

bilde.thumb.png.9b9a1594e8527cdfdf54e3f7bd126d9f.png

Edited by mandelbaum

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Wasn't there a taskforce in where any company/fintech could propose their solution to the IMF? I think this simply is Ripples offered solution, which doesn't say it's going to be used. Just their contribution. There are probably other companies offering their solutions.

At my company we do these intakes with external companies once every few years. They can send us a whitepaper or presentation with how they think they can solve a problem and eventually we make a choice between them.

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Pacific Financial Inclusion Programme 
http://www.pfip.org/our-work/work-streams/financial-innovation/

Ripple has long-standing interactions with both Westpac and Commonwealth Bank of Australia, which is interesting because the Australian Government contributes finances the PFIP programme, along with with United Nations Development Fund and a couple of other lofty entities. 
https://www.afr.com/business/banking-and-finance/westpac-anz-trial-ripple-payments-but-big-four-reluctant-on-bitcoin-20150605-ghhmsq

IBM and Stellar were clearly targeting the same Pacific corridors, announced in October '17, so obviously financial inclusion is viewed by a number of players in the space as an enticing route to market. The fact that Ripple is a major contributor to the Mojaloop programme for African nations is another nod in that direction.
https://www-03.ibm.com/press/nz/en/pressrelease/53303.wss

Perhaps the IBM/Stellar/KlickEx Group solution is just not mature enough to solve the friction points that they intend to solve. That would make some sense considering how many entities need to collaborate to build a working solution (not to mention the fact they'd have to trust Jed McCaleb). Ripple is a single entity that is laser focused on solving these issues, has commercial-grade software that already been brought to market and is gathering pace in terms of adoption and reach.

Clearly Ripple's xCurrent solution has beaten IBM/Stellar to the punch - and the document on the IMF website hints that Pacific Island Central Banks may intend to use xCurrent to solve these financial inclusion issues. That's good for XRP holders, as it's quite an isolated set of nations (high-friction for cross-border payments and remittances), so they may seek to use digital assets to open up their economies to broader, frictionless trade. 

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1 minute ago, xippix said:

Exactly. If you dig deeper you'll find more documents from more companies. These are simply contributions of solutions by different 3rd parties to the IMF in where they offer their services. It's not saying IMF chose one or the other (yet).

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4 hours ago, Asen4XRP said:

Check out the following Presentation on Ripple and XRP on IMF website and the 3 dayes starting this Sunday on page 6. What do you all make of it?

 

https://www.imf.org/~/media/Files/Conferences/2018/cbs-imf-adb-joint-seminar/samoa-session2-sagar-sarbhai.ashx?la=en

Where do you got it from? How did you find the link ? 

Edited by Talinos

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6 hours ago, Tripple said:

Says "Samoa Session 2" in the URL. Looks like Ripple is going after the corridors that IBM and Stellar claimed to have on lock down.

Interesting that it's on the IMF website. Perhaps Samoa (or a number of Pacific islands) could be exploring the option of using XRP as a currency, which the IMF would then be able to hold. 

that reminds me of the video posted couple weeks back of Brad and an IMF Rep (can't remember who) on stage fielding questions via a Powerpoint.   They both "laughed" when a question proposed to them was  "if the IMF will ever hold digital assets."  Th IMF Rep, carefully watching his words, stated in order for the IMF to hold a digitial asset/currency, a country would have to adopt it first.

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17 minutes ago, Babelly said:

that reminds me of the video posted couple weeks back of Brad and an IMF Rep (can't remember who) on stage fielding questions via a Powerpoint.   They both "laughed" when a question proposed to them was  "if the IMF will ever hold digital assets."  Th IMF Rep, carefully watching his words, stated in order for the IMF to hold a digitial asset/currency, a country would have to adopt it first.

Yup, remember it...was a nice staged scene!!!;)

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