Notices tagged with xrp
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!econusa US Treasury recommends exploring "Digital Dollar" #CDBC https://nu.federati.net/url/287868 [www usnews com]
While we cannot yet know whether a CBDC will happen or what form it will take, what is certain is that the growth of #cryptocurrencies is inspiring this global trend of investigation the creation of national CBDCs.
#Bitcoin #BTC
#Ethereum #ETH
#Ripple #XRP
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#ECB discusses cross-border payments. https://nu.federati.net/url/287239 [www ecb europa eu]
#Bitcoin #Cryptocurrency #BTC #Ripple #XRP
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In some ways, both of them have some resemblance to “the Hawala system”:{https://en.wikipedia.org/wiki/Hawala} … except that by buddying up with the banks, Ripple the #XRP #cryptocurrency promoter has to comply with government KYC and money laundering rules and rules against organized crime.
I’d say Hawalas, being often part-timers whose main business is something else, probably don’t have the time or resources to devote to compliance. (It isn’t enough not to allow criminals to transfer money; they also need to document their systems and certify their compliance.)
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https://ripple.com/files/ripple_consensus_whitepaper.pdf [ripple com] versus https://ripple.ryanfugger.com/Protocol.1.html [ripple ryanfugger com]
What is the relationship between the two forms of Ripple? Is the Ripple #XRP #cryptocurrency the same Ripple that is referenced in https://villages.io/ documents?
It seems that @jeffcliff@shitposter.club believes they are the same #Ripple … or at least that they derive from a common ancestor. I don’t know, though. By the time I first heard of Ripple, they were the cryptocurrency that was trying to buddy up to the big banks. (And now, their big thing is international payments … including through banks and other intermediaries.)
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By the way, in case you're not watching the #cryptocurrency space, the #SEC recently filed a suit against #Ripple Labs, the company behind the #XRP currency, for a massive unregistered securities offering. Ripple, naturally, denies that issuing XRP and selling it was a security. I believe just about every crypto exchange has delisted or at least suspended XRP due to this case.
https://www.sec.gov/news/press-release/2020-338 [www sec gov]
https://www.nasdaq.com/articles/ripple-responds-to-sec-lawsuit-over-xrp-sales-2021-01-29 [www nasdaq com]
https://nu.federati.net/url/279572 [www msn com]
https://www.scribd.com/document/492583369/FOIA-Letter [www scribd com]
(I think one potential lesson is not to pre-mine. Let the currency's users mine it, so that the originating entity isn't directly benefiting financially from new users. The other lesson might be to create the guiding organization as a strict non-profit or public-benefit org.)
#ETH #BTC
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#sonTwo tells me he has some #XRP, so he's going to try to change it to #Monero ( #XMR ). The thing with XMR is that was the currency that people were infecting other people's servers and even cellphones with miners to try and obtain. It tainted my view of Monero.
I still haven't found a cryptocurrency I feel comfortable with enough to buy, but XMR is definitely not likely to be the first.
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#sonTwo told me that Coinbase and other cryptocurrency exchanges are halting trading in XRP, the currency formerly called “Ripple”, after Ripple Labs, the company that issued it. https://www.coindesk.com/coinbase-suspends-xrp-trading
“... Crypto Rating Council, an organization launched last year to provide some clarity on which digital assets might resemble securities. The project assessed that XRP more closely resembles a security than a non-security, giving the asset a score of 4 out of 5 (5 being a clear security). The scores are not meant to serve as legal advice but represent member exchanges’ views on certain digital assets.”
#XRP #Ripple #cryptocurrency #cryptocoin #SEC #lawsuit
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
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