solodeji Posted August 6, 2019 Share Posted August 6, 2019 https://todaysgazette.com/fednow-implementation-has-no-adverse-effect-on-xrps-utilities-analyst-clarifies/ Ripple as a payment company that uses its digital token XRP in cross-border remittances has quite made a host of moves to remain technically relevant in its field, and such has so far been fruitful Link to comment Share on other sites More sharing options...
fednow Posted August 7, 2019 Share Posted August 7, 2019 (edited) No one is talking about the private company that has an account with the FED. Please fast forward, and listen carefully to the 29:03 part of this link.. or the 52:01 part of Alex Cobb's livestream, this is where Esther George (The president of the federal reserve bank of kansas) talks about how "we have a single provider for that service..." and, " Making sure that they had access to a special account at the the federal reserve...". I feel these pieces of information have been overlooked throughout media outlets. In my opinion, this is Huge! am I the only one to notice the gravity of these statements? lets put it out there Content Creators. I should be Thanking you for all you do already, so Thanks you. Edited August 7, 2019 by fednow adding link cryptoxrp 1 Link to comment Share on other sites More sharing options...
Guest Posted August 7, 2019 Share Posted August 7, 2019 7 hours ago, fednow said: we have a single provider for that service... Yes most interesting. It’s not clear who that private entity is, but it’s not impossible that it IS Ripple. No guarantee of that though... it could be Swift GPI or any of the big players really. At the very least it is clear that interoperability is important and central to the new service. So even if it is not Ripple as the central settlement provider there will be an interface for Ripplenet to use as part of this service. So the end game in this area is ok no matter which way it goes I think. Link to comment Share on other sites More sharing options...
Archbob Posted August 7, 2019 Share Posted August 7, 2019 (edited) They are most likely talking about The Clearing House. TCH has been serving banks for almost 2 years and the FED does work with them. I've mentioned them several times in my videos. Edited August 7, 2019 by Archbob Link to comment Share on other sites More sharing options...
cryptoxrp Posted August 9, 2019 Share Posted August 9, 2019 When you think about the Fed and The Clearing House then ABA Payments and the link with Ripplenet is in the picture... Link to comment Share on other sites More sharing options...
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