ChatGPT thoughts about XRP

(This page contents are generated with ChatGPT using multiple prompts. If you start asking the right questions you might get overall understanding where this is finally going)

1. Introduction

   • Overview of XRP and its Relevance

2. XRP Ledger (XRPL) Features Beneficial for Banks

   • Fast and Low-Cost Transactions
   • On-Demand Liquidity (ODL)
   • Decentralization and Security
   • Interledger Protocol (ILP)
   • Comprehensive Payment System Integration

3. Specific XRPL Features

   • Automated Market Maker (AMM)
   • Clawback
   • Decentralized Identity (DID)
   • Multi-Signature Support
   • Account Delete
   • Hooks (Smart Contracts)

4. Importance of Standardization in Banking

   • ISO 20022 and Its Impact
   • Benefits of Standardization for Financial Institutions

5. Adoption of XRP, XRPL, and ISO 20022

   • Current Adoption Trends
   • Potential Obstacles to Global Adoption
   • Future Prospects and Considerations

6. Impact of Regulatory Clarity and Ripple vs. SEC Lawsuit on XRP

   • Current Situation and Market Impact
   • Potential Outcomes and Effects
   • Institutional Adoption and Investment
   • Broader Implications for the Cryptocurrency Market

7. Potential Customers for XRP

   • Banks and Financial Institutions
   • Payment Service Providers
   • Remittance Companies
   • Corporations and Businesses
   • Central Banks and Government Institutions
   • Cryptocurrency Exchanges and Wallets
   • Individual Consumers

8. Potential Demand and Price Impact if Major Banks Adopt XRP

   • Increased Demand for XRP
   • Price Impact of Increased Demand
   • Network Effects and Ecosystem Growth
   • Broader Economic and Market Considerations

9. Conclusion

   • Summary of Key Points
   • Future Outlook for XRP and the Financial Ecosystem

1. Introduction

XRP, developed by Ripple, is a digital asset designed for efficient cross-border payments. The XRP Ledger (XRPL) offers several features beneficial for banks and financial institutions.

2. XRP Ledger (XRPL) Features Beneficial for Banks

The XRP Ledger (XRPL) offers a suite of features that can significantly benefit banks in implementing new financial systems. Here’s a summary of the key features:

1. Speed and Efficiency

• Fast Transactions: XRPL can settle transactions in 3-5 seconds, providing near-instantaneous fund transfers.
• High Throughput: The ledger can handle up to 1,500 transactions per second, making it suitable for high-volume financial operations.

2. Low Cost

• Minimal Transaction Fees: Transaction costs on the XRPL are typically fractions of a cent, making it cost-effective compared to traditional banking fees.

3. Decentralization and Security

• Consensus Protocol: The XRPL uses a unique consensus algorithm instead of proof-of-work, ensuring transactions are validated efficiently and securely.
• Robust Security: The network's design protects against double-spending and other types of fraud, ensuring the integrity of transactions.

4. Interoperability

• Interledger Protocol (ILP): Facilitates seamless transactions across different ledgers and payment networks, allowing banks to connect diverse financial systems.
• Support for Multiple Currencies: XRPL can handle multiple currencies, making it easier for banks to manage cross-border transactions.

5. Tokenization

• Custom Tokens: Banks can issue their own tokens on the XRPL, representing fiat currencies, commodities, or other assets, enabling new financial products and services.
• Smart Contracts: While not as extensive as those on platforms like Ethereum, XRPL supports basic smart contract functionality through features like Escrow and Payment Channels.

6. Regulatory Compliance

• Built-in Compliance Tools: Features such as the Decentralized Exchange (DEX) allow for Know Your Customer (KYC) and Anti-Money Laundering (AML) processes to be implemented, aiding regulatory compliance.

7. Scalability

• Future-Proofing: XRPL's design allows for scaling without significant changes to the core protocol, ensuring that the system can grow with increasing demand.

8. Environmental Sustainability

• Low Energy Consumption: Unlike proof-of-work blockchains, XRPL's consensus mechanism is energy-efficient, making it an environmentally friendly choice.

9. Transparency and Traceability

• Immutable Ledger: All transactions are recorded on a public ledger, providing transparency and an auditable trail for compliance and operational needs.

Use Cases for Banks:

• Cross-Border Payments: Faster and cheaper international transactions compared to traditional systems like SWIFT.
• Liquidity Management: Efficiently manage liquidity through the use of XRPL’s native digital asset, XRP, which acts as a bridge currency.
• Digital Asset Issuance: Issue and manage digital assets, such as stablecoins, securely on the XRPL.
• Decentralized Finance (DeFi): Explore DeFi opportunities through XRPL’s decentralized exchange and tokenization capabilities.

By leveraging these features, banks can enhance their financial systems with improved efficiency, lower costs, enhanced security, and better regulatory compliance, positioning themselves for future financial innovations.

3. Specific XRPL Features

Specific features of the XRP Ledger (XRPL) that provide significant utility for banks:

Automated Market Maker (AMM)

• Liquidity Provision: XRPL's AMM allows users to provide liquidity to pools and earn fees from trades, enhancing market liquidity.
• Dynamic Fee Adjustments: The AMM can adjust fees dynamically based on market conditions, improving trading efficiency and reducing slippage.
• Built-in Arbitrage: Encourages arbitrage opportunities, maintaining fair pricing across the market and ensuring liquidity pools are balanced.

Clawback

• Asset Recovery: This feature allows issuers to recall issued tokens under certain conditions, providing a safety mechanism for financial institutions to manage risks and errors.
• Regulatory Compliance: Helps banks comply with regulatory requirements by enabling them to reclaim tokens in the case of fraud or legal enforcement.

Decentralized Identity (DID)

• Secure Identity Management: XRPL supports Decentralized Identity (DID), allowing banks to create and manage secure, verifiable digital identities for their clients.
• Enhanced Privacy: Clients can share only the necessary information with third parties, enhancing privacy and data protection.
• Interoperability: DIDs on XRPL can interoperate with other identity systems, providing a unified approach to digital identity across platforms.

Payment Channels

• Scalable Micropayments: Enable fast, off-ledger transactions for micropayments, reducing the load on the main ledger and increasing transaction speed.
• Conditional Payments: Payments can be conditioned to only execute under certain criteria, useful for complex banking operations and smart contract applications.

Escrow

• Timed Transactions: Escrow allows banks to set conditions for releasing funds, such as a time delay or fulfillment of certain criteria, ensuring secure and predictable fund transfers.
• Conditional Transfers: Facilitates complex financial agreements by ensuring that funds are only released when specified conditions are met, which is crucial for trade finance and other banking operations.

Decentralized Exchange (DEX)

• Built-in Exchange: XRPL’s DEX enables banks to trade currencies and assets directly on the ledger, providing liquidity and price discovery without relying on external exchanges.
• Multi-Currency Support: Facilitates seamless conversion between different currencies and assets, making cross-border transactions more efficient.

Federated Sidechains

• Custom Blockchain Networks: Federated sidechains allow banks to create their own blockchains linked to the XRPL, enabling tailored solutions for specific use cases while benefiting from XRPL's security and interoperability.
• Isolation of Transactions: Sidechains can operate independently, providing privacy and control over specific financial operations, while still being able to interact with the main XRPL.

Pathfinding

• Optimized Routing: The pathfinding algorithm finds the most efficient route for transactions, reducing costs and time, especially for complex multi-currency transactions.
• Improved Liquidity Utilization: By identifying the best paths for liquidity, banks can optimize their asset management and reduce capital requirements.

Issued Currencies (IOUs)

• Custom Token Issuance: Banks can issue tokens (IOUs) representing fiat currencies, commodities, or other assets on the XRPL, facilitating new financial instruments and services.
• Trust Lines: Establish trust lines between accounts to manage credit and ensure secure issuance and redemption of tokens.

Key Management & Multi-Signature

• Enhanced Security: Multi-signature (multi-sig) accounts require multiple approvals for transactions, adding an extra layer of security for high-value or sensitive transactions.
• Access Control: Banks can implement granular access control mechanisms to manage permissions and reduce the risk of unauthorized transactions.

By leveraging these advanced features, banks can enhance their financial systems' capabilities, security, and efficiency, offering innovative services to their clients while meeting regulatory and operational requirements.

4. Importance of Standardization in Banking

Standardization is crucial for banks and financial institutions as it ensures interoperability, efficiency, and compliance across various systems and markets. Let's look at how standardization, specifically the ISO 20022 standard, impacts the banking and financial sector and how the XRP Ledger (XRPL) aligns with these needs.

Importance of Standardization for Banks and Financial Institutions

1. Interoperability

   • Seamless Communication: Standardization allows different financial systems to communicate seamlessly. ISO 20022, for example, provides a common language and model for financial data, enabling disparate systems to interact efficiently.
   • Global Reach: Facilitates cross-border transactions by ensuring that financial messages are understood universally, reducing friction in international payments.

2. Efficiency

   • Streamlined Processes: Standardized protocols reduce the need for custom integrations, streamlining processes and reducing operational costs.
   • Faster Transactions: Improves transaction speed by minimizing errors and manual interventions, leading to quicker processing times.

3. Compliance

   • Regulatory Alignment: Helps institutions meet regulatory requirements by ensuring that transactions and data handling comply with international standards.
   • Audit and Reporting: Simplifies audit processes and enhances transparency, making it easier to track and report financial activities.

4. Risk Management

   • Reduced Errors: Standardized formats reduce the likelihood of errors in transaction processing, enhancing the reliability of financial operations.
   • Enhanced Security: Standard protocols often include robust security measures, protecting against fraud and cyber threats.

ISO 20022 Standard

ISO 20022 is an international standard for electronic data interchange between financial institutions. It covers a wide range of financial services including payments, securities, trade services, cards, and foreign exchange transactions.

Key Features of ISO 20022:

• Rich Data: Supports comprehensive and structured financial information, enabling detailed data exchange.
• Flexibility: Can adapt to various financial products and services, ensuring long-term relevance.
• Extensibility: Allows for updates and enhancements without disrupting existing systems.
• Global Adoption: Increasingly adopted worldwide, becoming the de facto standard for financial messaging.

XRPL and Standardization

The XRP Ledger (XRPL) aligns with standardization needs through its features and design principles:

1. Support for ISO 20022

   • Compatibility: XRPL is designed to be compatible with ISO 20022, facilitating seamless integration with existing banking systems that adhere to this standard.
   • Rich Data Handling: Can handle complex and rich data formats required by ISO 20022, ensuring detailed and accurate financial messaging.

2. Interledger Protocol (ILP)

   • Interoperability: ILP, used by XRPL, enables interoperability between different ledgers and payment networks, adhering to standardized protocols for cross-network transactions.

3. Regulatory Compliance

   • Built-in Tools: XRPL provides features like Clawback and compliance checks, helping banks meet regulatory standards and requirements.
   • Transparency: The immutable ledger ensures transparent and auditable records, aligning with compliance and reporting standards.

4. Enhanced Security and Reliability

   • Consensus Algorithm: Ensures secure and reliable transaction validation, reducing risks associated with financial transactions.
   • Multi-Signature: Supports multi-signature accounts for enhanced security and access control, crucial for regulatory compliance.

Conclusion

Standardization, particularly through ISO 20022, is vital for banks and financial institutions as it promotes interoperability, efficiency, compliance, and risk management. The XRP Ledger (XRPL) supports these needs by aligning with ISO 20022 standards, offering advanced features for secure, efficient, and compliant financial operations. By adopting XRPL, banks can enhance their ability to operate in a globally interconnected financial system, providing better services and maintaining regulatory adherence.

5. Adoption of XRP, XRPL, and ISO 20022

The adoption of XRP, the XRP Ledger (XRPL), and the ISO 20022 standard by banks and financial institutions is progressing, but there are still some obstacles that need to be addressed for widespread global adoption. Here’s an overview of the current status and the challenges faced:

Current Adoption

ISO 20022 Adoption

• Global Transition: The global financial industry is actively transitioning to ISO 20022, with major initiatives led by SWIFT, the European Central Bank (ECB), and the Federal Reserve targeting full migration by 2025.
• Payment Systems: Many payment systems worldwide are adopting ISO 20022, including Target2 in Europe, Fedwire in the United States, and CHAPS in the UK.

XRP and XRPL Adoption

• Use in Cross-Border Payments: Ripple, the company behind XRP, has been working with financial institutions and payment providers to use XRP and XRPL for cross-border payments. RippleNet, which utilizes XRP, has been adopted by several banks and financial institutions to improve the efficiency of international transactions.
• On-Demand Liquidity (ODL): Ripple's ODL service uses XRP to source liquidity during cross-border transactions, reducing the need for pre-funded nostro accounts.

Obstacles to Global Adoption

Regulatory Uncertainty

• Regulatory Clarity: One of the main obstacles is the lack of regulatory clarity regarding digital assets like XRP. Different countries have varying regulations, and ongoing legal proceedings, such as the SEC’s case against Ripple, add to the uncertainty.
• Compliance Requirements: Banks need to ensure that using digital assets complies with their jurisdiction's regulations, including AML (Anti-Money Laundering) and KYC (Know Your Customer) requirements.

Integration with Legacy Systems

• Technical Integration: Banks often rely on legacy systems that can be challenging to integrate with new technologies like XRPL. The transition to ISO 20022 also requires significant upgrades to existing infrastructure.
• Interoperability: Ensuring seamless interoperability between XRPL and other financial networks and systems remains a technical challenge.

Market Adoption and Liquidity

• Market Volatility: The volatility of digital assets, including XRP, can be a concern for banks, especially in terms of managing liquidity and risk.
• Liquidity Providers: For XRP to be used effectively in cross-border payments, there needs to be sufficient liquidity and a network of liquidity providers willing to facilitate transactions.

Awareness and Education

• Knowledge Gap: There is still a knowledge gap in understanding how blockchain technology and digital assets can be integrated into traditional banking operations. Banks need to invest in education and training for their staff.

Security and Trust

• Trust in Technology: Building trust in new technologies like blockchain and ensuring they meet security standards is crucial for adoption. Any perceived security vulnerabilities can deter banks from adopting these solutions.

Future Prospects

Despite these challenges, the prospects for adopting XRP, XRPL, and ISO 20022 look promising:

• Regulatory Developments: As regulatory frameworks become clearer, banks will have more confidence in adopting digital assets. The resolution of legal cases and clearer guidelines from regulators will be crucial.
• Technological Advancements: Ongoing technological improvements in blockchain and payment systems will address many integration and interoperability issues.
• Increased Adoption: As more financial institutions successfully implement these technologies, it will create a ripple effect, encouraging others to follow suit.
• Collaboration: Partnerships between fintech companies, blockchain providers, and traditional financial institutions will drive innovation and adoption.

Conclusion

While there are significant obstacles to the global adoption of XRP, XRPL, and ISO 20022, progress is being made. Overcoming regulatory, technical, and market challenges will require coordinated efforts from industry stakeholders, including regulatory bodies, financial institutions, and technology providers. As these challenges are addressed, the potential benefits of faster, cheaper, and more efficient financial transactions will drive further adoption.

6. Impact of Regulatory Clarity and Ripple vs. SEC Lawsuit on XRP

The outcome of the Ripple vs. SEC lawsuit and the resulting regulatory clarity will significantly impact XRP and its adoption by banks and financial institutions. Here’s a detailed look at how these factors affect XRP:

Impact of Regulatory Clarity

Current Situation

• Regulatory Uncertainty: The SEC lawsuit against Ripple, filed in December 2020, alleged that Ripple conducted an unregistered securities offering by selling XRP. This lawsuit created significant regulatory uncertainty around XRP’s classification as a security or a commodity.
• Market Impact: This uncertainty led to several exchanges delisting XRP, a drop in its market value, and hesitation among institutions to adopt or invest in XRP due to potential regulatory risks.

Potential Outcomes and Effects

• Positive Outcome for Ripple: If Ripple were to win the lawsuit or reach a favorable settlement, it would likely clarify that XRP is not a security, which would:
  • Boost Confidence: Increase confidence among investors and institutions, leading to potential relisting on major exchanges and an increase in XRP’s market value.
  • Encourage Adoption: Remove legal barriers, making banks and financial institutions more comfortable using and investing in XRP, potentially accelerating its adoption for cross-border payments and other financial services.
• Negative or Mixed Outcome: If the outcome is unfavorable, where XRP is deemed a security, Ripple might face penalties and additional regulatory requirements, leading to:
  • Increased Compliance Costs: Ripple and any institutions using XRP might need to comply with stringent securities regulations, which could limit its appeal and usability.
  • Market Hesitation: Continued hesitation among exchanges and financial institutions to list or use XRP due to regulatory burdens.

Permission for Banks and Institutions to Invest

Legal and Regulatory Compliance

• Regulatory Approval: With clear regulatory guidelines, banks and institutions can ensure they comply with legal requirements when investing in or using XRP, reducing the risk of penalties and legal issues.
• Investment Vehicles: Regulatory clarity could lead to the creation of more financial products involving XRP, such as ETFs, mutual funds, and other investment vehicles, making it easier for institutions to include XRP in their portfolios.

Institutional Adoption

• Risk Mitigation: Clear regulations help institutions mitigate risks associated with holding and using digital assets, making XRP a more attractive option.
• Mainstream Integration: Institutions are more likely to integrate XRP into their payment systems and financial products, leveraging its efficiency and cost-effectiveness for cross-border transactions and liquidity management.

Broader Implications for the Cryptocurrency Market

• Precedent Setting: The resolution of the Ripple vs. SEC case could set a legal precedent for how other cryptocurrencies are regulated, influencing the broader market and potentially leading to more defined regulatory frameworks for other digital assets.
• Market Stability: Regulatory clarity generally leads to greater market stability, as investors and institutions have a better understanding of the rules and risks involved, potentially leading to increased market participation and growth.

Conclusion

The outcome of the Ripple vs. SEC lawsuit and subsequent regulatory clarity are critical for the future of XRP. A positive resolution would likely increase confidence, reduce legal risks, and encourage banks and institutions to invest in and adopt XRP, significantly boosting its market presence and utility. Conversely, an unfavorable outcome could impose regulatory burdens that might limit its adoption and appeal. Regardless, the case's resolution will play a pivotal role in shaping the regulatory landscape for digital assets and their adoption in traditional financial systems.

7. Potential Customers for XRP

Estimating the potential number of customers for XRP involves looking at various segments of the financial and payment ecosystems where XRP and its underlying technology can be applied. Here are the main categories and their potential customer bases:

1. Banks and Financial Institutions

Global Banks

• Total Number: According to the Bank for International Settlements (BIS), there are approximately 5,000 banks globally.
• Potential Adoption: Even if a fraction of these banks adopt XRP for cross-border payments and On-Demand Liquidity (ODL), it would constitute a significant number of customers.

Regional and Community Banks

• Regional Banks: Thousands of regional banks worldwide could benefit from more efficient cross-border payment solutions.
• Community Banks: Smaller community banks, particularly those with international remittance services, might also adopt XRP.

2. Payment Service Providers

• Total Providers: The global payment service provider industry is vast, with hundreds of major providers and many smaller ones.
• Major Players: Companies like Western Union, MoneyGram, and PayPal are key targets for Ripple’s technology. Ripple has already partnered with some of these providers.

3. Remittance Companies

• Global Market: The global remittance market involves hundreds of companies facilitating international money transfers, especially in regions with high remittance flows like Southeast Asia, Africa, and Latin America.
• Adoption Rate: Remittance companies stand to gain significantly from reduced transaction costs and faster settlement times, making them prime candidates for XRP.

4. Corporations and Businesses

• Large Corporations: Multinational corporations engaged in cross-border trade and needing efficient payment solutions represent a sizable market.
• SMEs (Small and Medium Enterprises): SMEs engaged in international trade and e-commerce can also benefit from Ripple’s solutions.

5. Central Banks and Government Institutions

• Central Bank Digital Currencies (CBDCs): While not direct customers in the traditional sense, central banks exploring or implementing CBDCs might use XRP for cross-border interoperability.
• Government Agencies: Agencies involved in financial oversight, economic development, and international aid could leverage Ripple’s technology for more efficient financial operations.

6. Cryptocurrency Exchanges and Wallets

• Exchanges: Hundreds of cryptocurrency exchanges globally could list XRP, facilitating its trade and use.
• Wallet Providers: Wallet providers offering storage and transaction services for cryptocurrencies would include XRP as part of their supported assets.

7. Individual Consumers

• Crypto Enthusiasts: Millions of individual consumers invest in and use cryptocurrencies. XRP, being one of the major cryptocurrencies, has a significant potential user base among these individuals.
• General Public: As awareness and usability of XRP increase, especially through apps and services integrating XRP for payments and remittances, the general public’s adoption could grow.

Total Potential Customers

Summarizing the potential customers across these segments:

1. Banks and Financial Institutions: Thousands of global, regional, and community banks.
2. Payment Service Providers: Hundreds of major and numerous smaller providers.
3. Remittance Companies: Hundreds globally.
4. Corporations and Businesses: Thousands of multinational and SME businesses.
5. Central Banks and Government Institutions: A few hundred institutions.
6. Cryptocurrency Exchanges and Wallets: Hundreds of exchanges and wallet providers.
7. Individual Consumers: Millions of crypto enthusiasts and potential general public users.

While it's difficult to provide an exact number, the potential customer base for XRP spans tens of thousands of institutional clients and potentially millions of individual users globally. The adoption by each segment depends on various factors, including regulatory clarity, technological integration, and market dynamics.

8. Potential Demand and Price Impact if Major Banks Adopt XRP

If every major bank were to start using XRP for cross-border payments and On-Demand Liquidity (ODL), it would likely have significant positive effects on the demand and price of XRP. Here’s a detailed analysis of the potential outcomes:

Increased Demand for XRP

Cross-Border Payments

• Liquidity Needs: Banks would need to hold XRP to facilitate cross-border transactions, increasing the overall demand for the cryptocurrency.
• Transaction Volumes: With more banks using XRP for payments, transaction volumes on the XRP Ledger (XRPL) would rise, further driving demand.

On-Demand Liquidity (ODL)

• Liquidity Provision: ODL uses XRP to source liquidity in real-time for cross-border transactions. Increased adoption by banks would amplify the need for XRP to maintain sufficient liquidity levels.
• Nostro/Vostro Accounts Replacement: By replacing traditional pre-funded nostro/vostro accounts with XRP, banks could optimize their capital usage, increasing their demand for XRP as a bridge currency.

Price Impact of Increased Demand

Market Dynamics

• Supply and Demand: With a fixed supply of 100 billion XRP (and a significant portion locked in escrow by Ripple), increased demand would likely lead to higher prices due to the supply-demand imbalance.
• Market Speculation: Anticipation of widespread adoption by major banks could lead to speculative buying, driving prices up further.

Institutional Investment

• Long-Term Holding: Banks and financial institutions holding XRP for operational needs would reduce the circulating supply available for trading, contributing to price increases.
• Investor Confidence: Increased institutional use would boost investor confidence, potentially attracting more retail and institutional investors to buy and hold XRP, driving prices higher.

Network Effects and Ecosystem Growth

Enhanced Utility

• Transaction Efficiency: Greater use of XRP would highlight its transaction speed and cost efficiency, reinforcing its utility and attractiveness to other potential users.
• Ecosystem Development: More banks using XRP could spur the development of additional financial products and services built on the XRPL, further increasing demand and usage.

Positive Feedback Loop

• Adoption Cycle: As more banks adopt XRP, the positive feedback loop of increasing demand and higher prices could encourage even more institutions to consider using XRP, perpetuating the cycle of growth.

Broader Economic and Market Considerations

Regulatory Environment

• Regulatory Clarity: Widespread adoption by major banks would likely necessitate clear regulatory frameworks, providing further legitimacy to XRP and potentially reducing market volatility.
• Global Standardization: As banks adopt XRP for cross-border payments, it could become a global standard, further entrenching its position in the financial ecosystem and stabilizing its demand and price.

Conclusion

If every major bank were to adopt XRP for cross-border payments and ODL, the demand for XRP would likely surge, leading to a significant increase in its price. The combination of heightened liquidity needs, reduced reliance on pre-funded accounts, and increased transaction volumes would drive up demand. Additionally, widespread adoption would enhance investor confidence, attract new users, and create a positive feedback loop that could further boost XRP's price. However, this scenario also depends on achieving regulatory clarity and overcoming any technological or integration challenges that banks might face.

9. Conclusion

XRP and the XRPL offer significant benefits for cross-border payments and financial services. The outcome of regulatory clarity and adoption by financial institutions will play a crucial role in its future. If adopted widely, XRP could see increased demand and higher prices, positioning it as a key player in the global financial ecosystem.

Toughts from my personal quantum processor (not AI)

Solving the biggest money moving problem: Cross-Border payments. Done with the banks, helps them to reduces costs and settlement times.

SEC lawsuit is the only obstacle for adoption. Lawsuit has already given the clarity for XRP, it is NOT a security. Ongoing lawsuit is still a "red flag" for financial institutions, they are not allowed to touch it. Finally every lawsuit comes to end.

BIS, WEF, IMF, G20, EU, BRICS... every group is working with tokenization, regulations, CBDC/stablecoins and digital ID.

BIS outcomes with the Finternet visions

ISO20022 timeline, adoption on 2025

ETF's Bitcoin, Ethereum... what is next on the line? Of course its dogs and cats with funny hats, good luck with those.

but but but the price... xrp done "nothing" in 7 years, its dead. What if, just what if... Big group of fintect companies, banks and regulators have been building an infrastructure for new financial system in co-operation. Is it so hard to believe? It is written on the walls, you just need to see it.

Eyes on the fucking prize, not on the current price. It is planned to be used by BIG financial institutions, retail investors speculations does not move it. But the trillions it is meant for, might do something for the price.

[Not financial advice]

Bitcoin with improved speed, cost and scalability. Bitcoin without mining. Banks got their own moneys they don't need that 🌽, but they need global network to move money around. The VALUE is in the protocol!

BUY, HODL and STFU

J.Kauppi 22.5.2024