/biz/ - Business & Finance

>>29983694
who cares, man. don't give him your energy. and don't bring that negativity in here please, there's enough of that everywhere else.

>>29903855
it's just ridiculous. right now, they have ties to:
the head of the OCC
the head of CFTC
the secretary of the treasury
the newest elected member of the Fed (Chris Waller, who was head of research for the St Louis Fed when they were researching digital currency and the director said Ripple fulfills blockchain's promise)
https://www.newsbtc.com/news/federal-reserve-bank-vp-acknowledges-ripple-bitcoins-original-ledger/

https://ripple.com/insights/5-questions-for-st-louis-fed-economist-david-andolfatto/

not to mention one of the former members of Ripple's Board of Directors, Craig Phillips, helped Steven Mnuchin draft legislation about digital currency

and the whole ISO20022 thing

>>29886407
Puth worked at JPM, Gensler at Goldman Sachs (in fact he was their youngest partner ever), but I bet they know each other

https://www.coindesk.com/usdc-stablecoin-issuer-centre-hires-wall-street-veteran-david-puth-as-ceo

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

speaking of Goldman Sachs, they are using Volante to develop their cloud payments infrastructure
https://www.prnewswire.com/news-releases/volante-technologies-collaborates-with-goldman-sachs-to-launch-digital-transaction-banking-in-the-cloud-301136066.html
and Volante is using Ripple tech AND XRP
https://www.volantetech.com/document-downloads/iscs1GYVQiqRqSoGoe7h-vol-pay-ripple-processor-module-uk-final-pdf

Volante is also helping develop the FedNow payment platform for the Federal Reserve (alongside Temenos and ACI, two other Ripple partners) and it will run on ISO20022 (which Ripple is helping to develop as well)

>>29832821
>ISO20022 in logo

>>28957566
i think what will lead to XRP becoming the standard is still a ways off- namely, the adoption of Ripple as the official bridge currency between central bank-issued digital currencies such as the digital dollar, digital yen, digital euro. Those currencies still have to be rolled out yet, which won't happen until at least November of this year.

The fact that Ripple was awarded the patent for on-demand liquidity all but guarantees its prominent role in the new digital economy though, and the fact that a fucking Ripple VP is on the Board of Directors (!!) for the organization making FedNow (!!!) which is ISO20022 compliant (and Ripple helps run that as well) is just ridiculously bullish.

In the meantime, XRP will start to get used for cross-border payments and real time gross settlements by remittance companies and banks. What's holding back that institutional adoption right now is this SEC lawsuit.

tldr XRP is the standard but won't hit $2k until governments start using it, in the meantime i think we can reasonably expect $X or $XX prices as it starts to get used more and more

>>28881028