swift_post Posted August 1, 2020 Share Posted August 1, 2020 International Group of Finance Leaders Says Ripple’s XRP Remittance Network Leapfrogs Traditional Banking System The Daily Hodl has an interesting report of a report... DIGITAL CURRENCIES AND STABLECOINS Risks, Opportunities, and Challenges Ahead by the Group of 30. Not sure who they are but they seem to have a few finance and economics experts amongst them. Ripple gets a mention. "COORDINATING THE INTRODUCTION OF GLOBAL OFFICIAL-SECTOR STABLECOINS Carney (2019) has raised the question of whether a globally coordinated “systemic hegemonic currency” could dampen the spillover shocks associated with the dominance of the US dollar as a reserve currency. A systemic hegemonic currency could, for example, be a stablecoin backed by a basket of deposits at different central banks. It is possible that such a stablecoin could be valuable for cross-border payments, serving a function similar to that offered in the private sector by Ripple, a real-time gross settlement system, currency exchange, and remittance network whose digital currency, XRP, leapfrogs slow and expensive correspondent banking." https://group30.org/images/uploads/publications/G30_Digital_Currencies.pdf mandelbaum 1 Link to comment Share on other sites More sharing options...
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