In the future, XRP replaces SWIFT.
I may be incorrect, but then, something exactly like XRP will replace SWIFT.
XRP has partnered up with sooooo many banks/central banks all around the world. This would be essential for anything that replaced SWIFT. And, i see nothing in second place, nothing even close to the connections to banks that Ripple/XRP has.
Even the lawsuit from the SEC shows that XRP was singled out. (If the lawsuit was won by the SEC, XRP would be the only crypto with legal clarity. If XRP won, it would be shown to be in the right, legally. And the lawsuit came at the perfect time to keep XRP from going to the moon before Ripple/banks were ready for it.
And SWIFT NEEDS TO BE REPLACED!
SWIFT NEEDS TO BE upgraded
SWIFT to be dragged, kicking and screaming into the 20th century! (after that, we might discuss upgading to the 21st century) Some of the parts of SWIFT cannot be replaced. The software is so old, that it only runs on old computers, with old OS. Imagine an old truck held together by duct tape and bailing wire. Well, SWIFT looks worse.
We expect almost instant transactions when we go to the store and swipe our CC. But, if you go to a bank to wire money, it is at least a few days and a lot of money. And exchanging currencies is a pain, when it should be easy.
SWIFT has overstayed its welcome, and if it wasn't so profitable and had a stranglehold over all financial transactions, it would be gone, gone, gone.
But, the key thing is, SWIFT is VERY profitable, and so has lots of money to fight any newcomers.
But, but, we have entered the time when we have fairly stable internet and distributed ledger technology. It is only a matter of time before banks will just go around the blockades made by SWIFT.
If BRICS is real…
If BRICS is real, why haven't they called up Ripple and have a fully working, basket of currencies backed, BRICS currency?
Ripple with XRP has already worked out transacting in local currencies across borders. They have also, already worked out stable coins on the XRP blockchain. Soooo, why hasn't Putin just called them up and said we would like this system? Or just copy it.
All wars are bankster wars.
Including this "thing" in U-crane, and in GAZA. Including this war between China and The US.
Well, we are going to see XRP running the backbone of the financial world here soon. Which will mean a few things.
- XRP will be worth a LOT of fiat and/or stable coin.
- This split between Russia/China and the rest of the world will be shown to be true or false. Both have huge ramifications.
- The central banksters will be show to be behind XRP, as XRP is a huge step in destroying all small banks. (Bitcoin will destroy all the banks)
ETH or XRP for stablecoins?
Stablecoins are the name of the game for the near future.
Tether has so much money, that they just have sitting in bonds, earning interest for Tether.
Basically, Tether has doubled the money. Every dollar in Tether is an extra dollar in the bond market. And this is exactly what the failing bond markets need. The bond markets need someone to buy them all up.
Amazon will soon have a stablecoin. So will most of the big banks. The US dollar may even have a stable coin, which is a terrifying proposition.
The only questions are, how soon, and which blockchain? Will they be created on ETH or XRP?
A lot of people are trying to buy up enough ETH to control which transactions go into blocks. You have heard of ETFs that will stake the ETH, correct? That means the controlling entity of the ETF, will have a lot of control over the ETH network.
XRP is already setting up stablecoins for many countries. The transaction fees are smaller, well, until XRP moons, and ETH gets their act together to get more throughput.
I suspect that there will be several camps. And even some groups using other chains. And they will probably try to fight for dominance while trying to keep people from swapping. To keep people locked into their ecosystem. So, will seamless swaps be a feature of these stablecoins? Or will there arise a "black market" for stablecoin swaps?
A lot is happening in the world, and although it may look like every country is at every other country's throat, the reality is that banksters are playing a game of chess, with all of us as pieces.
If BRICS was real, i would be totally rooting for them, even though it would mean collapse of the dollar.
Anything that brings closer the banksters collapse, i pray daily for.
To show what i mean by this all being a chess game, it looks like The US is going to give up Taiwan for Brazil. A trade that should never happen if any of the stories on the MSM are true. But, it truly looks like its going to happen.
Sooooo, XRP is going to seriously go up in price. That is already planned out.
XRP is going to seriously crash in value. I think this happens after more people start to use bitcoin, and the XRP stablecoins/banks start to cut off people from their money.
People who look into the future see many people getting rich from XRP, like generational wealth, rich. And then they see them losing it all.