RIPPLE LURKS AS R3 AND FNALITY, AKA ‘XRP KILLER’, POWER NEW FX SWAPS PLATFORM

[Scout]

Fnality has been dubbed ‘XRP Killer’. It was founded to create a cross-border settlement framework among participating banks that will utilize a fiat-pegged cryptocurrency.

https://financefeeds.com/ripple-lurks-as-r3-and-fnality-aka-xrp-killer-power-new-fx-swaps-platform/?fbclid=IwAR2kzTxLp8-uPeT_b7V-JJRhVprOJSkEseSBf194nLPnxyUIZlHTDFxKce8

 

This lawsuit has really crippled Ripple and slowed them down long enough for their competition to catch up.

Edited June 9, 2021 by Scout

[French]

https://en.wikipedia.org/wiki/Fnality_International

"Fnality International is an active member of the Enterprise Ethereum Alliance."

This is so f disgusting. Fair competition my ass.

[HAL1000]

Big boys games - this is about old money and the current powers that be V the new money, the SEC could have dropped this with GG as the new head, it didn't - so this is a titanic battle and WE are just spectators.

The SEC has been a tool of certain elites for a very long time, their corruption is now on trial, not ripple.

[Guest]

2 hours ago, Scout said:

Fnality has been dubbed ‘XRP Killer’. It was founded to create a cross-border settlement framework among participating banks that will utilize a fiat-pegged cryptocurrency.

https://financefeeds.com/ripple-lurks-as-r3-and-fnality-aka-xrp-killer-power-new-fx-swaps-platform/?fbclid=IwAR2kzTxLp8-uPeT_b7V-JJRhVprOJSkEseSBf194nLPnxyUIZlHTDFxKce8

 

This lawsuit has really crippled Ripple and slowed them down long enough for their competition to catch up.

I don't think this is an "XRP killer".

1. There will be many companies using digital assets for cross border transfers. XRP is one of many. 

2. This team is expecting to be live some time this year or early 2022. 

3. XRP can be used and is used today.

The internet of value will involve many participants ie., Google, Yahoo, Netflix, YouTube for the internet of information. 

[peanut56]

 It was founded to create a cross-border settlement framework among participating banks that will utilize a fiat-pegged cryptocurrency.

Another xrp killer pegged to fiat. Same story as the last, I don't remember how many xrp killers, over the years. I would take that idea with a grain of salt. 

[VanGogh]

4 hours ago, peanut56 said:

Another xrp killer pegged to fiat.

Yep' . . . walled garden. Not a full solution. Plus, doesn't eliminate the trust issue and dormant capital.

Edited June 9, 2021 by VanGogh

[WrathofKahneman]

1. Dodgy site that creates some strong narratives out of disconnected pieces. Who dubbed Fnality the "XRP Killer"?  Perhaps he took that line from yet another mishmash of words blog; https://insidebitcoins.com/news/ripple-killer-announced-by-big-banks

2. Fnality has been touted since computers first used punchcards and still they have no production. By all means, go load up on USC; the coin of the future! You will find most of the positive articles are from 2019.  They received $70m of funding then, the same year Ripple raised $200m.

3.  Check out this article from a more reputable source: Finteum has to launch an FX swaps trial without Fnality! https://www.ledgerinsights.com/natwest-deutsche-bank-blockchain-intraday-fx-swap-trial-finteum/

3. Intraday FX Swaps are not the original XRP target.  The target is remittance to build liquidity. These Finteum swaps still rely on a nostro/vostro setup where a lot of capital must be held.  The speed of the tx's can help banks in theory, but the capital must still be tied up.  

4. If you really want some good FUD, at least sound the alarm about the mCBDC the MAS is trying to launch. (and yet, CBDC's are perhaps the biggest threat to what Fnality is trying to do, not Ripple)

[brianwalden]

2 hours ago, WrathofKahneman said:

Dodgy site that creates some strong narratives out of disconnected pieces.

But enough about XRPChat, what do you think of the article?

[Neurotoxin]

2 hours ago, brianwalden said:

But enough about XRPChat, what do you think of the article?

LOL