“Our life is frittered away by detail. Simplify, simplify.”-Henry David Thoreau-
Central Banks discussing XRP for CBDC's
Good news have been going around lately with respect to XRP as we approach the end of the investigation filed by the SEC with regards to whether XRP is a security of Ripple or not. Something which is pretty clear was just a political move to take any potential investor's curiosity away from XRP. The fact that some exchanges like Coinbase decided to delist XRP forced the price of XRP to come tumbling down towards 0.20$, something which has surely discouraged many investors. For those who read in between the lines and now the true value of XRP and it's usecase around the world this was just taken as a perfect opportunity to stock on more XRP.
In a new document revealed by the CPA Australia- a professional accounting organization in Australia- it shows how Central Banks have been discussing the usability of XRP as an intermediary for a CBDC(Central Bank Digital Currency). Extracted from the document itself:
"Ripple and XRP enjoy the trust of many banks as a model for CBDC's because it is highly centralized and is based on a permissioned network where only certain network nodes can validate transactions, as opposed to decentralized and permissionless Bitcoin and Ether."Source
Although we already knew many Central Banks where getting ready to adopt the new Digital Currency technology, this is still great news as we get a chance to peer inside the discussions of Central Banks and the future of payments.
While many individual investors are being forced out of XRP with the delisting on many exchanges, big players and Central Banks know the amazing capabilities of XRP as a means of exchange between national currencies and the extremely low fees required to settle transactions(~0.0002$).
Mathew 13:9-169 Whoever has ears, let them hear.”
10 The disciples came to him and asked, “Why do you speak to the people in parables?”
11 He replied, “Because the knowledge of the secrets of the kingdom of heaven has been given to you, but not to them.
12 Whoever has will be given more, and they will have an abundance. Whoever does not have, even what they have will be taken from them.
13 This is why I speak to them in parables: “Though seeing, they do not see; though hearing, they do not hear or understand.
14 In them is fulfilled the prophecy of Isaiah: “ ‘You will be ever hearing but never understanding; you will be ever seeing but never perceiving.
15 For this people’s heart has become calloused; they hardly hear with their ears, and they have closed their eyes. Otherwise they might see with their eyes, hear with their ears, understand with their hearts and turn, and I would heal them.’
16 But blessed are your eyes because they see, and your ears because they hear.