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XRP: Will it moon as the world bridge currency?
08-31-2022, 08:41 AM (This post was last modified: 08-31-2022 08:42 AM by Rako.)
Post: #1
Question XRP: Will it moon as the world bridge currency?
My relative explained the XRP mooning theory to me. In 2000, David Schwartz, the CTO of Ripple, was on a governmental "Internet Engineering Task Force". It had a digital item that it called XRP to move information, although this was not the current XRP coin.

Apparently, there is a move toward a Multireserve currency system instead of using the Dollar or Petrodollar as the currency that other countries use to trade with each other. Russia are ZImbabwe not using the dollar outside of its trade with the US. China announced that it will make its future trade with BRICS countries without using the US Dollar. India is making announcements like this already.

Meanwhile, inflation and cyber attacks are making a liquidity crisis for the US dollar. This creates a need for tokens for cross border payments that don't use the US dollar.

As a result, the US and other countries will need to transition to XRP for international payments. There is a 98% chance that they will do this, and that BIS will manage the escrow and distribution of XRP to central banks as liquidity.

There is a 98% chance that the Fed is going to announce that XRP is the solution to the liquidity crisis. Michael Barr is the VIce Chairman of the Fed, and he is also a past Ripple Executive. XRP will solve the liquidity crisis of BRICS countries not wanting to use the dollar.

The US will continue to perform its international deals in dollars, but there is a 98% chance that Russia or China won't continue to use the dollar while trading with the US.

The US will have a "Digital Dollar" and has made lots of announcements to that effect. The US will need XRP to go on top of its Digital Dollar. Judy Shelton, economic advisor to former President Donald Trump, said in a video lecture that she supports having a stable money and the gold standard, that that these are useful for a Unified Monetary System. She clicked Like on a Tweet saying "XRP The Standard".

The Fed announced a system of instant payments starting in September called "Fed Now." Fed Now provides a liquidity management tool that will allow participants and others to transfer funds. It uses Ripple's partner Volante and Volante's "Ripple Processor Module". Volante can use XRP and its Ripple Processor. The Federal Reserve's Pilot incorporates Ripple's partner's Volante's technology. The Fed Now website is here: https://frbservices.org



Here is how Volante's system uses Ripple:
[Image: DkGQUUNU4AEXN2d?format=jpg]

Fed Now uses ISO 20022, and all 63 central banks announced that they will use ISO 200222. There are only 5 tokens that are compliant with ISO 20022. So to be compliant, there is a 99.8% chance that the Fed and Central banks must use one of these five tokens, including XLM, XDC, Iota, and XRP. They would not use another one because it takes years to develop another token.

Meanwhile, the The Depository Trust & Clearing Corporation (DTCC) is using Blockchain technology for its settlements. DTCC mentions XRP in its press release talking about "expanding partnerships of virtual currency... XRP".

R3 is a provider for central banks for distributions. R3's Corda is the settler. R3 bought 1.04 billion XRP as a settlement currency. DTCC selected Corda as its technology. In a demo video, R3 said that it uses XRP's network.

Black Rock Investment is a top financial investment firm that hired Robby Mitchnick. He is a Ripple Executive who made the "XRP Calculator."

The "Group of 30" Thinktank's members include Augustin Carstens of the BIS. THe Group of 30 Thinktank has an article saying that "XRP leapfrogs slow and expensive" currencies in banking.

Visa and Mastercard and other financial companies announced that they will update their systems to be use ISO 20022, and they will use something like Ripplenet. Ripplenet is an XRP ledger, and XRP is the ledger's token. If people mint mint assets on a ledger, then the value of the ledger's native asset goes up. XRP is the native asset of XRP Ledgers. You can mint other things on the ledger, like Digital Dollars, but XRP gives liquidity to the whole ledger.

ISO 20022 demands a messaging compliant network and there are only 5 of those networks. Rupple, Swift, Visa are all members of ISO20022 as messaging organizations.

Countries agreed to promote ISO 20022, including the European Central Bank and DTCC. They need to find a token like XRP to value futures commodities, like with wheat as a commodity.

If countries choose XRP, its value with increase. Right now, XRP is only on banks' private ledgers, so it is locked up. But the Fed will flip the switch and make it go public, and then its value will increase. DTCC isn't using blockchains for derivatives currently. They have block chains on their private ledgers.

The SEC is suing Ripple, and this is stopping regulatory clarity about XRP. The lawsuit makes it so that retail customers can't buy XRP. December is the time for summary judgment on the case. If XRP is deemed a security, it will have to pay a fine. But the SEC has a node on the XRP ledger, so the outcome is predetermined in Ripple's favor.

================================================

The part in bold about central banks, the Fed, and Visa announcing that they will be ISO 20022 compliant, and how this demands that they will pick a token, and that this token must be compliant with ISO 20022 like XRP needs more fleshing out. It sounds like the strongest part of the case for XRP, but that also makes a customer try to look at this part of the argument more closely. What do you think?
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09-01-2022, 05:24 PM
Post: #2
RE: XRP: Will it moon as the world bridge currency?
like I said in the other thread.

RIPPLE tech being used is diff. from the RIPPLE COIN being worth something

for sure XRP tech is making waves and is a candidate for the underlying mechanism for the Central Bank Digital Currencies

I don't really get the big hoo ha with CBDC if it lowers transaction costs it would be good

if it's tied in to a new global reserve currency replacing USD that would be good
it would be bad if tied to social credit which I DO NOT SEE HAPPENING on a large scale.
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09-02-2022, 04:23 AM (This post was last modified: 09-02-2022 05:07 AM by Rako.)
Post: #3
RE: XRP: Will it moon as the world bridge currency?
(09-01-2022 05:24 PM)EVILYOSHIDA Wrote:  like I said in the other thread.

RIPPLE tech being used is diff. from the RIPPLE COIN being worth something

for sure XRP tech is making waves and is a candidate for the underlying mechanism for the Central Bank Digital Currencies
Help me out on this.
- The Fed and lots of Central Banks are announcing that they are going to be ISO 20022 messaging system compliant.

Quote:The Board confirmed that the new message format, ISO 20022, will be adopted on a single day as proposed last year, rather than in three separate phases. The Board also provided a new timeline for implementation based on review of public comments, with the new message format to be adopted on March 10, 2025.
https://www.federalreserve.gov/newsevent...20627a.htm

- Supposedly this means that they are going to use a token that is ISO 20022 compliant.
- Supposedly there are only 5 tokens that are ISO 20022 compliant (like XRP, XDC, XLM tokens...), and XRP is the best quality one.
- Supposedly it would take too long for banks to invent a new token.
- So supposedly this means with 98% certainty that the banks will pick XRP as their digital currency.

Where is the weakness in this set of logical arguments that almost guarantee that banks will pick XRP as their token. It feels like there is a weakness somewhere in there. For example, if the Fed and other central banks announce that they will be ISO 20022 compliant, does this really mean that they will pick a special ISO 20222 token for their transactions? Why can't they just be somehow compliant with the ISO messaging system without picking a special digital token?
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09-02-2022, 04:42 AM
Post: #4
RE: XRP: Will it moon as the world bridge currency?
(09-01-2022 05:24 PM)EVILYOSHIDA Wrote:  RIPPLE tech being used is diff. from the RIPPLE COIN being worth something
EY,
The presentation's colored part below says that Ripple tech being used results in the Ripple Coin being worth more:
Quote:Visa and Mastercard and other financial companies announced that they will update their systems to be use ISO 20022, and they will use a tool such as Ripplenet.

Ripplenet is an XRP ledger, and XRP is the ledger's token. If people mint mint assets on a ledger, then the value of the ledger's native asset goes up. XRP is the native asset of XRP Ledgers. You can mint other things on the ledger, like Digital Dollars, but XRP gives liquidity to the whole ledger.
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09-02-2022, 07:49 AM
Post: #5
RE: XRP: Will it moon as the world bridge currency?
Supposedly, SWIFT announced that it will be ISO 20022 compliant on November 21, and this supposedly means that they will have to use one of 5 cryptocurrency tokens for their ISO compliant messaging system. So this implies that SWIFT is going to use one of those tokens, with XRP being the best choice due to its fortes.

Does this sound right?
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09-07-2022, 03:21 AM
Post: #6
RE: XRP: Will it moon as the world bridge currency?
I got this response from the Business Payments Coalition:
Quote:Re:To comply with ISO 20022, do institutions like SWIFT have to use cryptocurrency Digital Ledgers?

BP
Business Payments Coalition

I am unaware of any country whose instant payment system uses DLT, although most use ISO 20022. There are a couple of countries exploring CBDC, which may or may not use DLT. You would need to follow up on a specific country’s planned implementation of CBDC to learn more.

[Image: image002.png?_uid=16767012&hid=1...0071543646]
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09-23-2022, 05:00 AM (This post was last modified: 09-23-2022 05:51 AM by Rako.)
Post: #7
RE: XRP: Will it moon as the world bridge currency?
I asked my relative why XRP hasn't gone up if companies are joining Ripplenet, because his talk was that if companies use Ripplenet, then XRP's value will go up because it's the native ledger for Ripple. XRP operates as the exchange layer for Ripplenet, he asserted. Plus, when companies mint assets on a ledger, the value of those assets go up.

One issue is that lots of companies it seems are signing up for Ripplenet. This would seem to imply that the value should go up on XRP, but XRP's value hasn't raised much in response. A Cryptocurrency News person on Twitter suggested that Ripplenet (a messaging system) and XRP are two different things, so that a company can use Ripplenet without using XRP. But he also seemed to agree that the value of the native token of a ledger goes up if the ledger is being used for good transactions. So can you use Ripplenet without using an XRP Ledger and without using XRP? The answer would seem to be Yes.

I see announcements of banks using Ripplenet. Are they using Ripplenet for real transactions, or just testing Ripplenet?
The answer seems to be that they are using Ripplenet for real transactions:
Quote:https://payspacemagazine.com › Cryptocurrency
Feb 5, 2020 — MoneyGram is using RippleNet's On-Demand Liquidity (ODL) service. It relies on the digital asset XRP as a real-time bridge

One claim is that there is a "settlement layer" of currency than something like Ripplenet or Xrapid uses to make its payments happen quickly. That is, two financial institutions have a fiat currency layer (like dollars) and then they can use a "settlement layer" with a digital currency to make their transactions happen quicker. Wouldn't this imply that using Ripplenet would make the value of XRP increase?

One hypothetical response to my question could be a claim that XRP's value hasn't gone up because XRP isn't being used on a public ledger, just on a private one. That is, financial institutions like R3 have bought XRP and are testing it out on Private Ledgers, but are not making their transactions directly in XRP. That is, companies are not buying products or services in exchange for XRP. They aren't buying 100 pounds of wheat for 100 XRP. This is because regulatory agencies haven't given the OK for making public exchanges in XRP. The Moon Theory is that an agency will "flip the switch" and allow exchanges in XRP.

But a different hypothetical answer could be that these companies that hold XRP and are said in online announcements may just be holding them on "private ledgers" and not actually using Ripplenet. That is, when we see someplace online that says that companies are partnering with Ripple or Ripplenet, or Amazon is partnering with Ripple (as the Amazon website says) or Ripplenet, the companies are not using Ripple services for real transactions. As a result, the price doesn't go up.

Fednow said that it will partner with Volante, and Volante uses Ripple as one of its plugins. And Fednow plans its launch in mid-year 2023. So wouldn't that mean that Fednow will be using Ripple's XRP indirectly in its transactions, making the value of XRP go up? Likewise, the Amazon website says that they are partnering with Ripple, and the webpage on Amazon making the announcement categorizes some of Ripple's services, including XRapid, which it says uses XRP. If Fednow uses Ripple or Amazon uses Xrapid, then would that entail that they must be using XRP?

Does this really make sense?
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09-24-2022, 06:34 PM (This post was last modified: 09-24-2022 06:34 PM by The Diet Butcher.)
Post: #8
XRP: Will it moon as the world bridge currency?
Ripple partying with Intl DJs.

[Image: b8c299e7817daeaa0ad23c32efcb5ca4.jpg]

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