In the latest pivotal news for the future of FINTECH

https://en.cryptonomist.ch/2023/09/19/fed-role-ripple-xrp-crypto-instant-payments/


The Federal Reserve (FED) recently disclosed the launch of its dedicated instant payments division within the FedNow system. This revelation has sparked considerable interest in the financial markets, as it appears that an official report has highlighted the importance of Ripple crypto (XRP) in the context of instant payments.

Moreover, according to an official report, it appears that Ripple crypto (XRP), a major cryptocurrency, has a crucial role in this new payment system.
In the context of the Federal Reserve's announcement, it emerged that XRP will be used to facilitate the blockchain part of the FedNow payment service, a factor that confirms XRP's important position in the world of cryptocurrencies and financial technologies.
Indeed, the document released by the Federal Reserve highlighted that XRP will be the main vehicle for ensuring the transparency and efficiency of their blockchain-based payment infrastructure.
The Federal Reserve's announcement sparked considerable excitement among the cryptocurrency community and blockchain enthusiasts, as it strengthens the legitimacy and acceptance of cryptocurrencies in mainstream financial institutions.


XRP, with its transaction speed and liquidity features, seems to be an ideal choice to enable instant payments in the FedNow system.

XRP, with its transaction speed and liquidity features, seems to be an ideal choice to enable instant payments in the FedNow system.
This development could also pave the way for greater adoption of XRP in other parts of the financial sector, as well as promote greater awareness of cryptocurrencies among the general public.
Ultimately, the Federal Reserve is laying the groundwork for a new era of instant payments, and XRP will be at the center of this transformation. It remains to be seen how this partnership will develop over time and what benefits it will bring to the world of payments and cryptocurrency.

Haha no

Viper16jr said:

---

In the latest pivotal news for the future of FINTECH

https://en.cryptonomist.ch/2023/09/19/fed-role-ripple-xrp-crypto-instant-payments/


The Federal Reserve (FED) recently disclosed the launch of its dedicated instant payments division within the FedNow system. This revelation has sparked considerable interest in the financial markets, as it appears that an official report has highlighted the importance of Ripple crypto (XRP) in the context of instant payments.

Moreover, according to an official report, it appears that Ripple crypto (XRP), a major cryptocurrency, has a crucial role in this new payment system.
In the context of the Federal Reserve's announcement, it emerged that XRP will be used to facilitate the blockchain part of the FedNow payment service, a factor that confirms XRP's important position in the world of cryptocurrencies and financial technologies.
Indeed, the document released by the Federal Reserve highlighted that XRP will be the main vehicle for ensuring the transparency and efficiency of their blockchain-based payment infrastructure.
The Federal Reserve's announcement sparked considerable excitement among the cryptocurrency community and blockchain enthusiasts, as it strengthens the legitimacy and acceptance of cryptocurrencies in mainstream financial institutions.


XRP, with its transaction speed and liquidity features, seems to be an ideal choice to enable instant payments in the FedNow system.

XRP, with its transaction speed and liquidity features, seems to be an ideal choice to enable instant payments in the FedNow system.
This development could also pave the way for greater adoption of XRP in other parts of the financial sector, as well as promote greater awareness of cryptocurrencies among the general public.
Ultimately, the Federal Reserve is laying the groundwork for a new era of instant payments, and XRP will be at the center of this transformation. It remains to be seen how this partnership will develop over time and what benefits it will bring to the world of payments and cryptocurrency.

---

I'm just curious, where's the uncited "official report"?

Or does all news, To be believed, just need to cite uncited "reports" to suck in the unwashed?

Viper16jr said:

---

TxAG#2011 said:

---

Just a bunch of suppositions from some obscure article with nothing to back it.

The only value Ripple has is it keeps people on the hook for the next thing, just like this. I honestly don't know how people can't see it. Not that it's necessarily bad as it means there's an endless supply of drones to dump on.

---

I agree 100%... amazing how people can't see it...

https://www.kitco.com/news/2023-03-01/Ripple-is-working-with-more-than-20-countries-on-CBDC-plans-Brooks-Entwistle.html

https://bitcoinist.com/already-13-african-countries-utilize-ripple-xrp/

https://dailyhodl.com/2020/02/14/ripples-xrp-remittance-network-now-live-in-25-countries-across-the-globe/

https://dailyhodl.com/2020/10/10/ripple-says-global-payments-network-live-in-55-countries-and-95-currency-pairs-with-xrp-remittances-running-in-five-regions/

https://ripple.com/customers/

https://cointelegraph.com/news/ripple-sbi-expands-ripple-remittance-tech-to-vietnam-indonesia-and-philippines

---

Which of these was the uncited official report from the OP article?

Viper16jr said:

---

TxAG#2011 said:

---

Just a bunch of suppositions from some obscure article with nothing to back it.

The only value Ripple has is it keeps people on the hook for the next thing, just like this. I honestly don't know how people can't see it. Not that it's necessarily bad as it means there's an endless supply of drones to dump on.

---

I agree 100%... amazing how people can't see it...

https://www.kitco.com/news/2023-03-01/Ripple-is-working-with-more-than-20-countries-on-CBDC-plans-Brooks-Entwistle.html

https://bitcoinist.com/already-13-african-countries-utilize-ripple-xrp/

https://dailyhodl.com/2020/02/14/ripples-xrp-remittance-network-now-live-in-25-countries-across-the-globe/

https://dailyhodl.com/2020/10/10/ripple-says-global-payments-network-live-in-55-countries-and-95-currency-pairs-with-xrp-remittances-running-in-five-regions/

https://ripple.com/customers/

https://cointelegraph.com/news/ripple-sbi-expands-ripple-remittance-tech-to-vietnam-indonesia-and-philippines

---

Which of these was the uncited (super duper) official report from the OP article?

BDS is a real thing... just like TDS

FedNow instant payments service -> Moves through new SWIFT standards -> which are the new ISO20022 standards within SWIFT -> supported by FINTECH crypto projects which provide "utility" for the new standards.

Building bridges for the liquidity bridge.

FedNow:
https://explore.fednow.org/resources/technical-overview-guide-4.24.pdf

SWIFT for dummies:
https://www.swift.com/swift-resource/184556/download?force_download=1

ISO20022:
https://www.iso20022.org/

Payments members list:
https://www.iso20022.org/payments-seg-member-list

How it works:
https://ripple.com/solutions/cross-border-payments/

SWIFT is actually a separate system than Ripple.

The system doesn't actually need the Ripple token to work.

Please explain why the Ripple token has any value.

Is the XRP token supposed to provide liquidity?

Quote:

---

SWIFT is actually a separate system than Ripple.
That you Cpt. Obvious?

The system doesn't actually need the Ripple token to work.
Somewhat correct, because the "old" SWIFT system can't use it or any other utility tokens; which is why SWIFT is implementing new ISO 20022 standards for cryptographic receipts. The Federal Reserve Banks require messages exchanged with FedNow Service to be cryptographically signed.

Please explain why the Ripple token has any value.
It's a bridge currency, bridging transactions between cross-border payments; it removes the need for both parties of the transaction to provide liquidity for the settlement.

---

TTUArmy said:

---

Is the XRP token supposed to provide liquidity?

---

Yep.

TxAG#2011 said:

---

Please explain why the Ripple token has any value.

---

One example:

"HSBC customers can now pay their mortgage loans using various cryptocurrencies, including Bitcoin (BTC), Ripple (XRP), and several other meme coins."

https://en.coin-turk.com/hsbc-enables-mortgage-loan-payments-with-cryptocurrencies-including-bitcoin-and-ripple/?utm_source=rss#038;utm_medium=rss&%23038;utm_campaign=hsbc-enables-mortgage-loan-payments-with-cryptocurrencies-including-bitcoin-and-ripple

Viper16jr said:

---

TxAG#2011 said:

---

Please explain why the Ripple token has any value.

---

One example:

"HSBC customers can now pay their mortgage loans using various cryptocurrencies, including Bitcoin (BTC), Ripple (XRP), and several other meme coins."

https://en.coin-turk.com/hsbc-enables-mortgage-loan-payments-with-cryptocurrencies-including-bitcoin-and-ripple/?utm_source=rss#038;utm_medium=rss&%23038;utm_campaign=hsbc-enables-mortgage-loan-payments-with-cryptocurrencies-including-bitcoin-and-ripple

---

That's your example? That's why it has value?

That is a lousy reason, and doesn't actually give it any value as it was all pre-mined on a printing press.

Please provide a better example.

Did you zoom right over this?

"Please explain why the Ripple token has any value."

It's a bridge currency, bridging transactions between cross-border payments; it removes the need for both parties of the transaction to provide liquidity for the settlement.

TxAG#2011 said:

---

Viper16jr said:

---

Did you zoom right over this?

"Please explain why the Ripple token has any value."

It's a bridge currency, bridging transactions between cross-border payments; it removes the need for both parties of the transaction to provide liquidity for the settlement.

---

I saw that. That's very cool that it can do that, my bank can do it also.

That said. How does that make the token valuable? If I own Ripple token, and somebody uses it to provide liquidity, what does that get me?

---

Please explain how your bank does it.

"How does that make the token valuable?"
-It frees up the liquidity requirements for banks, value add for the banks. Ask your bank if they'd like to get rid of their liquidity requirements for settlements.

"If I own Ripple token, and somebody uses it to provide liquidity, what does that get me?"
-It's no different than a stock, buy low, sell high. Get it?

Here are the use cases, liquidity among others:
Micropayments
With XRP, micropayments are possible without needing a third party such as a credit card company. This could be used for things like pay-per-view content or microtransactions.
E-commerce
XRP could be used to facilitate fast and cheap payments for online purchases.
Banking
XRP could be used by banks to settle cross-border payments quickly and cheaply.
Remittances
XRP could be used to send money home quickly and affordably by migrants working abroad.
P2P lending
XRP could be used to facilitate peer-to-peer lending, making it possible to borrow and lend money without going through a bank.
Insurance
XRP could be used to pay out insurance claims quickly and efficiently.
Supply chain
XRP could be used to track and manage supply chains, ensuring that goods are delivered on time and as expected.
Smart contracts
XRP could be used to create and execute smart contracts, which are agreements that self-execute when certain conditions are met.

Viper16jr said:

---

TxAG#2011 said:

---

Viper16jr said:

---

Did you zoom right over this?

"Please explain why the Ripple token has any value."

It's a bridge currency, bridging transactions between cross-border payments; it removes the need for both parties of the transaction to provide liquidity for the settlement.

---

I saw that. That's very cool that it can do that, my bank can do it also.

That said. How does that make the token valuable? If I own Ripple token, and somebody uses it to provide liquidity, what does that get me?

---

Please explain how your bank does it.

"How does that make the token valuable?"
-It frees up the liquidity requirements for banks, value add for the banks. Ask your bank if they'd like to get rid of their liquidity requirements for settlements.

"If I own Ripple token, and somebody uses it to provide liquidity, what does that get me?"
-It's no different than a stock, buy low, sell high. Get it?

Here are the use cases, liquidity among others:
Micropayments
With BTC, micropayments are possible without needing a third party such as a credit card company. This could be used for things like pay-per-view content or microtransactions.
E-commerce
BTC could be used to facilitate fast and cheap payments for online purchases.
Banking
BTC could be used by banks to settle cross-border payments quickly and cheaply.
Remittances
BTC could be used to send money home quickly and affordably by migrants working abroad.
P2P lending
BTC could be used to facilitate peer-to-peer lending, making it possible to borrow and lend money without going through a bank.
Insurance
BTC could be used to pay out insurance claims quickly and efficiently.
Supply chain
BTC could be used to track and manage supply chains, ensuring that goods are delivered on time and as expected.
Smart contracts
BTC could be used to create and execute smart contracts, which are agreements that self-execute when certain conditions are met.

---

FIFY and BTC is already being used for all but maybe 2-3 of those categories. It may be all of them for all I know.

I think the more important question is what about XRP makes it best equipped to do those things? Multiple currencies make those claims.

Viper16jr said:

---

In the latest pivotal news for the future of FINTECH

https://en.cryptonomist.ch/2023/09/19/fed-role-ripple-xrp-crypto-instant-payments/


The Federal Reserve (FED) recently disclosed the launch of its dedicated instant payments division within the FedNow system. This revelation has sparked considerable interest in the financial markets, as it appears that an official report has highlighted the importance of Ripple crypto (XRP) in the context of instant payments.

Moreover, according to an official report, it appears that Ripple crypto (XRP), a major cryptocurrency, has a crucial role in this new payment system.

In the context of the Federal Reserve's announcement, it emerged that XRP will be used to facilitate the blockchain part of the FedNow payment service, a factor that confirms XRP's important position in the world of cryptocurrencies and financial technologies.

Indeed, the document released by the Federal Reserve highlighted that XRP will be the main vehicle for ensuring the transparency and efficiency of their blockchain-based payment infrastructure.

The Federal Reserve's announcement sparked considerable excitement among the cryptocurrency community and blockchain enthusiasts, as it strengthens the legitimacy and acceptance of cryptocurrencies in mainstream financial institutions.


XRP, with its transaction speed and liquidity features, seems to be an ideal choice to enable instant payments in the FedNow system.

XRP, with its transaction speed and liquidity features, seems to be an ideal choice to enable instant payments in the FedNow system.
This development could also pave the way for greater adoption of XRP in other parts of the financial sector, as well as promote greater awareness of cryptocurrencies among the general public.
Ultimately, the Federal Reserve is laying the groundwork for a new era of instant payments, and XRP will be at the center of this transformation. It remains to be seen how this partnership will develop over time and what benefits it will bring to the world of payments and cryptocurrency.

---

I will start this by saying I don't have a dog in this hunt as I don't remember what Ripple even is. Having said that they are not listed as a Certified Service Provider for FedNow so we will need a more legitimate source than some random article from the internet.

What is the document released by the Federal Reserve that designates Ripple as a CSP for this?

Nothing on the Fed site about this. I've searched with Ripple and XRP. Don't see an article.

Viper16jr said:

---

TxAG#2011 said:

---

Viper16jr said:

---

Did you zoom right over this?

"Please explain why the Ripple token has any value."

It's a bridge currency, bridging transactions between cross-border payments; it removes the need for both parties of the transaction to provide liquidity for the settlement.

---

I saw that. That's very cool that it can do that, my bank can do it also.

That said. How does that make the token valuable? If I own Ripple token, and somebody uses it to provide liquidity, what does that get me?

---

Please explain how your bank does it.

"How does that make the token valuable?"
-It frees up the liquidity requirements for banks, value add for the banks. Ask your bank if they'd like to get rid of their liquidity requirements for settlements.

"If I own Ripple token, and somebody uses it to provide liquidity, what does that get me?"
-It's no different than a stock, buy low, sell high. Get it?

---

Ah ok, so you obviously don't have an answer. Ripple is definitely not "no different than a stock" and it's ridiculous to even imply. The entire circulating supply was pre printed out of thin air. There is no staking mechanism, so even in the remote possibility it could ever generate enough fees there is no way for the ripple holder to receive rewards.

The Ripple token is effectively useless except for the reason I stated previously, exit liquidity to dump on mindless drones.

It's an official report. You don't believe the report? It's official.

Viper16jr said:

---

TxAG#2011 said:

---

Viper16jr said:

---

Did you zoom right over this?

"Please explain why the Ripple token has any value."

It's a bridge currency, bridging transactions between cross-border payments; it removes the need for both parties of the transaction to provide liquidity for the settlement.

---

I saw that. That's very cool that it can do that, my bank can do it also.

That said. How does that make the token valuable? If I own Ripple token, and somebody uses it to provide liquidity, what does that get me?

---

Please explain how your bank does it.

"How does that make the token valuable?"
-It frees up the liquidity requirements for banks, value add for the banks. Ask your bank if they'd like to get rid of their liquidity requirements for settlements.

"If I own Ripple token, and somebody uses it to provide liquidity, what does that get me?"
-It's no different than a stock, buy low, sell high. Get it?

Here are the use cases, liquidity among others:
Micropayments
With XRP, micropayments are possible without needing a third party such as a credit card company. This could be used for things like pay-per-view content or microtransactions.
E-commerce
XRP could be used to facilitate fast and cheap payments for online purchases.
Banking
XRP could be used by banks to settle cross-border payments quickly and cheaply.
Remittances
XRP could be used to send money home quickly and affordably by migrants working abroad.
P2P lending
XRP could be used to facilitate peer-to-peer lending, making it possible to borrow and lend money without going through a bank.
Insurance
XRP could be used to pay out insurance claims quickly and efficiently.
Supply chain
XRP could be used to track and manage supply chains, ensuring that goods are delivered on time and as expected.
Smart contracts
XRP could be used to create and execute smart contracts, which are agreements that self-execute when certain conditions are met.

---

Anything behind that official report I keep asking about?

It's okay to state that its made up by a marketer, to Chum the water.

There you have it.

If you like the fed, the state of things and their trends, xrp is your daddy.

Are you asking if I'm interested in gambling, now.

Have I owned xrp before? Very briefly, peak of 2017 craze.

Viper16jr said:

---

Adverse Event said:

---

Viper16jr said:

---

TxAG#2011 said:

---

Viper16jr said:

---

Did you zoom right over this?

"Please explain why the Ripple token has any value."

It's a bridge currency, bridging transactions between cross-border payments; it removes the need for both parties of the transaction to provide liquidity for the settlement.

---

I saw that. That's very cool that it can do that, my bank can do it also.

That said. How does that make the token valuable? If I own Ripple token, and somebody uses it to provide liquidity, what does that get me?

---

Please explain how your bank does it.

"How does that make the token valuable?"
-It frees up the liquidity requirements for banks, value add for the banks. Ask your bank if they'd like to get rid of their liquidity requirements for settlements.

"If I own Ripple token, and somebody uses it to provide liquidity, what does that get me?"
-It's no different than a stock, buy low, sell high. Get it?

Here are the use cases, liquidity among others:
Micropayments
With XRP, micropayments are possible without needing a third party such as a credit card company. This could be used for things like pay-per-view content or microtransactions.
E-commerce
XRP could be used to facilitate fast and cheap payments for online purchases.
Banking
XRP could be used by banks to settle cross-border payments quickly and cheaply.
Remittances
XRP could be used to send money home quickly and affordably by migrants working abroad.
P2P lending
XRP could be used to facilitate peer-to-peer lending, making it possible to borrow and lend money without going through a bank.
Insurance
XRP could be used to pay out insurance claims quickly and efficiently.
Supply chain
XRP could be used to track and manage supply chains, ensuring that goods are delivered on time and as expected.
Smart contracts
XRP could be used to create and execute smart contracts, which are agreements that self-execute when certain conditions are met.

---

Anything behind that official report I keep asking about?

It's okay to state that it's made up by a marketer, to Chum the water.

---

3 questions for you:

1. If you were privy to an official FED report that states XRP will be used to facilitate the blockchain part of FedNow payment service, would you finally buy some XRP?

2. Do you think the FED and its government counterparts would give the public plebes an XRP appetizer, so to speak?

3. Do you understand what the new standards are in ISO 20022 regarding cryptographic receipts?

Ripple isn't being sued anywhere else on the planet but in the good 'ol trustworthy USA.

In fact, here's an example of new blockchain payment rails. Japan's public is gobbling up XRP, as opposed to BTC or ETH.

---

That diagram is supposed to represent Japanese people hoovering up xrp? Is that right?

No, that diagram represents new payment rails utilizing FinTech.

As a result of Japan being open about which FinTech their large banks prefer, Japan's citizens are taking notice.

https://www.newsbtc.com/analysis/xrp/xrp-over-bitcoin/

https://thecryptobasic.com/2023/09/06/japan-financial-giant-confirms-to-use-xrp-for-international-remittance-services/

https://www.coinspeaker.com/sbi-bank-japan-ripples-xrp/

https://thecryptobasic.com/2023/07/29/financial-giant-sbi-showcases-xrp-usage-for-odl-remittances-in-japan-and-philippines/

The global financial system, network of Central Banks and banks, is adopting FinTech, something I'm sure you're aware of. ISO20022 messaging, within the SWIFT network, is implementing new standards for utilizing blockchain by way of capturing cryptographic signatures/receipts.

https://www.cryptopolitan.com/iso-20022-compliant-crypto-list/

https://www.frbservices.org/financial-services/fednow/prepare-for-fednow/iso-20022-what-you-need-to-know

https://aws.amazon.com/partners/success/ripple/

AWS Partner Profile: Ripple


RippleNet is a decentralized global network of banks and payment providers using Ripple's distributed financial technology, which provides real-time messaging, clearing,and settlement of financial transactions. Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless experience to send money globally.

Key Ripple products that enable RippleNet members include:

xCurrent- Process Real-Time Payments
Ripple's software, xCurrent, enables banks to differentiate themselves by offering new cross-border payments services while lowering their total cost of settlement. The solution is specifically designed to meet the needs of banks by fitting within their existing risk, compliance,and information security frameworks. Ripple's software is installed within the bank's infrastructure and is built to interface with the bank's systems using an API interface or through a translation layer that can consume traditional payment message formats to compress the integration time frame into weeks.

xRapid- Source On-Demand Liquidity
xRapid lets payment providers and other financial institutions minimize liquidity costs while improving their customer experience. Because payments into emerging markets often require pre-funded local currency accounts around the world, liquidity costs are high. xRapid helps to lower the capital requirements for liquidity. xRapid uniquely uses a digital asset, XRP, to offer on-demand liquidity, which lowers costs while enabling real-time payments in emerging markets. Built for enterprise use, XRP offers banks and payment providers an efficient, scalable, reliable liquidity option to service cross-border payments.

xVia Send Global Payments with a Single Integration
xVia is for corporations, payment providers,and banks that want to send payments across various networks using a standard interface. xVia's simple API requires no software installation and enables users to send payments globally with transparency into the payment status and with rich information, like invoices, attached.

RippleNet Use Cases
By joining RippleNet, banks, payment providers, exchanges, and corporates can address many commercial use cases,including:

• e-Invoicing
• International supply chain payments
• Global currency account
• Real-time cashpooling
• International bill pay
• Real-time remittances and international P2P payments

RippleNet Members
Ripple collaborates with financial institutions worldwide; more than 100 financial institutions have joined RippleNet, including:

• Santander (USA)
• Canadian Imperial Bank of Commerce (Canada)
• Kotak Mahindra Bank (India)
• Ita Unibanco (Brazil)
• IndusInd (India)
• InstaReM (Singapore)
• BeeTech (Brazil)
• Zip Remit (Canada)
• LianLian (China)
• RAKBANK (U.A.E.)
• IFX (U.K.)
• TransferGo (U.K.)
• Currencies Direct (U.K.)
• Airwallex (Australia)
• SEB (Sweden)
• SBI Remit (Japan)
• Siam Commercial Bank (Thailand)
• Krungsri (Thailand)

I love all these obscure articles that don't really say anything more than fancy buzzwords. You know the people writing those are paid shills right? Also one of them is from 2019 lmao

Viper16jr said:

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Good morning heckler, I see you're back at it. Do you consider your heckling from 2019 obsolete? Just trying to understand your infantile reasoning for crediting or discrediting timelines.

---

I'm still waiting on offishul report from the OP.
Official report release date?
Official report release date.

So, just moving past the official report, then.

No wonder you're not into bitcoin.... discernment required.