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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.
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Full transcript