Let's get ready for this perfect storm.
Remember why we are here.
Change takes time and finally its going to be our time.
God bless all and may us prepare.
Remember why we are here.
Change takes time and finally its going to be our time.
God bless all and may us prepare.
φXeRaPhiMφ
Executive Order on Ensuring Responsible Development of Digital Assets
I’m going to list out key aspects that stood out to me and appear indirectly relevant to the XRPL and it’s methodologies. Feel free to discuss and also point out things I may have missed.
Monetary authorities globally are also exploring, and in some cases introducing, central bank digital currencies (CBDCs).
XRPL is positioned well for CBDCs with the native currency, XRP, being a neutral bridging asset.
We must reinforce United States leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets. The United States has an interest in ensuring that it remains at the forefront of responsible development and design of digital assets and the technology that underpins new forms of payments and capital flows in the international financial system, particularly in setting standards that promote: democratic values; the rule of law; privacy; the protection of consumers, investors, and businesses; and interoperability with digital platforms, legacy architecture, and international payment systems.
Such as Ripple, the private company, developing RippleNet as a direct and more efficient competitor to SWIFT. Additionally ODL utilizing XRP to further enhance the efficiency of the entire flow of money. If only the SEC would stop being corrupt…
The United States has a strong interest in promoting responsible innovation that expands equitable access to financial services, particularly for those Americans underserved by the traditional banking system, including by making investments and domestic and cross-border funds transfers and payments cheaper, faster, and safer, and by promoting greater and more cost-efficient access to financial products and services.
Again… XRPL… RippleNet… ODL…
Any future dollar payment system should be designed in a way that is consistent with United States priorities (as outlined in section 4(a)(i) of this order) and democratic values, including privacy protections, and that ensures the global financial system has appropriate transparency, connectivity, and platform and architecture interoperability or transferability, as appropriate.
XRPL was built with interoperability at its core while having the first ever DEX. It has pathfinding and many other features that makes it a breeze to transfer various different assets with minimal friction.
A United States CBDC that is interoperable with CBDCs issued by other monetary authorities could facilitate faster and lower-cost cross-border payments and potentially boost economic growth, support the continued centrality of the United States within the international financial system, and help to protect the unique role that the dollar plays in global finance.
CBDCs seem to be a hot topic. Ripple has been ahead of the curve when they started pushing for them well on the XRPL over a year or two ago.
Technology-driven financial innovation is frequently cross-border and therefore requires international cooperation among public authorities. This cooperation is critical to maintaining high regulatory standards and a level playing field. Uneven regulation, supervision, and compliance across jurisdictions creates opportunities for arbitrage and raises risks to financial stability and the protection of consumers, investors, businesses, and markets.
Such as the SEC’s absurd overreach and corruption? The rest of the world already seems XRP as a currency. The SEC is virtually one of the only governmental entities in the world who says otherwise.
Monetary authorities globally are also exploring, and in some cases introducing, central bank digital currencies (CBDCs).
XRPL is positioned well for CBDCs with the native currency, XRP, being a neutral bridging asset.
We must reinforce United States leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets. The United States has an interest in ensuring that it remains at the forefront of responsible development and design of digital assets and the technology that underpins new forms of payments and capital flows in the international financial system, particularly in setting standards that promote: democratic values; the rule of law; privacy; the protection of consumers, investors, and businesses; and interoperability with digital platforms, legacy architecture, and international payment systems.
Such as Ripple, the private company, developing RippleNet as a direct and more efficient competitor to SWIFT. Additionally ODL utilizing XRP to further enhance the efficiency of the entire flow of money. If only the SEC would stop being corrupt…
The United States has a strong interest in promoting responsible innovation that expands equitable access to financial services, particularly for those Americans underserved by the traditional banking system, including by making investments and domestic and cross-border funds transfers and payments cheaper, faster, and safer, and by promoting greater and more cost-efficient access to financial products and services.
Again… XRPL… RippleNet… ODL…
Any future dollar payment system should be designed in a way that is consistent with United States priorities (as outlined in section 4(a)(i) of this order) and democratic values, including privacy protections, and that ensures the global financial system has appropriate transparency, connectivity, and platform and architecture interoperability or transferability, as appropriate.
XRPL was built with interoperability at its core while having the first ever DEX. It has pathfinding and many other features that makes it a breeze to transfer various different assets with minimal friction.
A United States CBDC that is interoperable with CBDCs issued by other monetary authorities could facilitate faster and lower-cost cross-border payments and potentially boost economic growth, support the continued centrality of the United States within the international financial system, and help to protect the unique role that the dollar plays in global finance.
CBDCs seem to be a hot topic. Ripple has been ahead of the curve when they started pushing for them well on the XRPL over a year or two ago.
Technology-driven financial innovation is frequently cross-border and therefore requires international cooperation among public authorities. This cooperation is critical to maintaining high regulatory standards and a level playing field. Uneven regulation, supervision, and compliance across jurisdictions creates opportunities for arbitrage and raises risks to financial stability and the protection of consumers, investors, businesses, and markets.
Such as the SEC’s absurd overreach and corruption? The rest of the world already seems XRP as a currency. The SEC is virtually one of the only governmental entities in the world who says otherwise.
φXeRaPhiMφ
Executive Order on Ensuring Responsible Development of Digital Assets
Within 180 days of the date of this order, the Director of the Office of Science and Technology Policy, in consultation with the Secretary of the Treasury, the Secretary of Energy, the Administrator of the Environmental Protection Agency, the Chair of the Council of Economic Advisers, the Assistant to the President and National Climate Advisor, and the heads of other relevant agencies, shall submit a report to the President on the connections between distributed ledger technology and short-, medium-, and long-term economic and energy transitions; the potential for these technologies to impede or advance efforts to tackle climate change at home and abroad; and the impacts these technologies have on the environment. This report shall be coordinated through the interagency process described in section 3 of this order. The report should also address the effect of cryptocurrencies’ consensus mechanisms on energy usage, including research into potential mitigating measures and alternative mechanisms of consensus and the design tradeoffs those may entail.
XRPL is carbon neutral since it uses a Federated Consensus algorithm and was built with scalability and sustainability in mind.
Again, as per my disclaimer at the top none of this is directly related to the XRPL. However it appears that a lot of the key focuses in this order lines up with the core principals the XRPL was built on and the main problems it solves such as interoperability/bridging different currencies (both physical and digital), energy efficiency, mechanisms to responsibly handle payments, and so on so forth.
XRPL is carbon neutral since it uses a Federated Consensus algorithm and was built with scalability and sustainability in mind.
Again, as per my disclaimer at the top none of this is directly related to the XRPL. However it appears that a lot of the key focuses in this order lines up with the core principals the XRPL was built on and the main problems it solves such as interoperability/bridging different currencies (both physical and digital), energy efficiency, mechanisms to responsibly handle payments, and so on so forth.
“Why No One from Ripple to Russia Has Been Able to Topple the SWIFT Monopoly” https://www.forbes.com/sites/jasonbisnoff/2022/03/08/why-no-one-from-ripple-to-russia-has-been-able-to-topple-the-swift-monopoly/amp/
Forbes
Why No One From Ripple To Russia Has Been Able To Topple The SWIFT Monopoly
While SWIFT’s role in the Russian invasion of Ukraine may be new, competitors from rogue nations to crypto nerds trying to circumvent the NATO dominated bank messaging system are far from new.