Doq Holliday
@doqholliday
29 December, 02:11
It appears that the following is happening:
Every bank is going to have to adopt digital assets plain and simple.
Ripple team knew this.
Banks either play ball or they die. They have huge problems anyway with gold and silver reserves. They play ball by commiting to digital wallets and the conversion protocol for fiat into digital.
So when the banks utilize CBDCs (Central Bank Digital Currencies) or some other token for smaller banks, they will need a protocol to convert FIAT into digital to be stored in customers digital wallets.
Because these are all tokens on the blockchain they will have to use a blockchain based protocol.
Well, just look at the fees with BTC, ETH. There’s no question this conversion protocol is going to be done using XRP due the .0001 fee.
Oh and by the way, XRP is not only built for this but is also using the ISO20022 standard whereas other tokens aren’t.
Are you grasping magnitude of this yet?
Every bank is going to have to adopt digital assets plain and simple.
Ripple team knew this.
Banks either play ball or they die. They have huge problems anyway with gold and silver reserves. They play ball by commiting to digital wallets and the conversion protocol for fiat into digital.
So when the banks utilize CBDCs (Central Bank Digital Currencies) or some other token for smaller banks, they will need a protocol to convert FIAT into digital to be stored in customers digital wallets.
Because these are all tokens on the blockchain they will have to use a blockchain based protocol.
Well, just look at the fees with BTC, ETH. There’s no question this conversion protocol is going to be done using XRP due the .0001 fee.
Oh and by the way, XRP is not only built for this but is also using the ISO20022 standard whereas other tokens aren’t.
Are you grasping magnitude of this yet?
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1776 Life
@pacu44
29 December, 09:16
In response Doq Holliday to his Publication
Like to learn about XRP, can someone point a noob in a direction?
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The Plan: The Level Playing Field - YouTube
XRP Donation and Tips: rPEPPER7kfTD9w2To4CQk6UCfuHM9c6GDY Destination tag 7758015Caution: Not Financial Advice. Subscribe to X22 Report and X22 Report Spotli...
10:35 AM - Dec 29, 2021
In response 1776 Life to his Publication
Only people mentioned by Blayone in this post can reply
1776 Life
@pacu44
29 December, 11:11
In response Bonfire Guy to his Publication
thank you
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