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Understanding FedNow, Ripple, and XRP Dynamics

Feb 10, 2025

Lecture on FedNow, Ripple, and XRP Interconnections

Introduction

  • Topic: Exploration of connections between FedNow, Ripple, and XRP.
  • Additional Points: Addressing community debates between XLM and XRP.

Background

  • XLM vs XRP Debate:
    • Stellar Builders X account criticized XRP for focusing on lawsuits.
    • Stellar XLM's connection with XRP: Initially funded by XRP ecosystem.
    • Personal decision to convert XLM to XRP due to lack of perceived value in XLM.
    • Disagreement with XLM founder’s political contributions.

Personal Stance

  • Reasons for Moving to XRP:
    • Fundamental similarities between XLM and XRP.
    • Disaccord with XLM founder's political moves.
    • Belief in XRP’s potential and the extensive network and partnerships.
    • Future focus on XRP, HBAR, and other cryptocurrencies.

US Government and XRP

  • FedNow and Ripple:
    • Ripple partners with 27 out of 37 FedNow certified service providers.
    • FedNow's goal: Integrating 10,000 banks and institutions.
  • RippleNet and Partners:
    • SBI Holdings, a major Ripple partner.
    • 57 early adopter organizations for FedNow grew to 142 providers.
  • Early Adopters and Participants:
    • 41 financial institutions, 15 service providers, USA Department of Treasury.

Ripple’s Influence

  • Certified Service Providers:
    • US Faster Payments Council, Faster Payments Task Force.
    • ACI Worldwide Corp supports Ripple, synonymous with DLT.
    • Alacrity and AWS partnerships.
    • BNY Mellon’s involvement with Ripple.
    • Ripple technology preferred over Bitcoin and Ethereum in some sectors.

Potential Developments

  • Future of FedNow and Ripple:
    • Speculation on Trump’s influence on the Federal Reserve and Ripple’s role.
    • Ripple poised to step in if FedNow is abolished.

Additional Information

  • Engagement and Offers:
    • Encouragement to engage in discussion.
    • Promotions related to trading on BTCC.

Conclusion

  • Call to Action: Encourages sharing thoughts on the analysis and exploring further opportunities with XRP.
  • Sign-off: Promotion of bonuses and reduced fees on BTCC.