This guy is going down the rabbit hole. He also advocates for staking your crypo with an insured bank when they get in to the scene more down the road (maybe with Polysign) and you'd get a percentage of earnings every year on your XRP instead of just selling it one time, which is more ideal.
I have never gotten into crypto, so this most likely won't affect me. The reasons I didn't get into it was that I could never quite see how it operates. It's not a "currency" in the strict definition of the word, it doesn't act like currency, and seemed that its "value" was something not determined by backing in anything.
It’s the new messaging world stand banks will use to talk to each other.
https://en.m.wikipedia.org/wiki/ISO_20022
Basically any messaging system that is ISO 20022 compliant can be used by a bank to send information to each other.
Basically instead of using SWIFT banks will use ISO 20022 compliant tech.
Here’s a list of cryptos that are ISO20022 compatible. Check PAGE 17:
https://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf
The company that utilizes XRP is called Ripple, they’re currently being sued by the SEC because they say XRP is a security.
Thank you, Sir Saturday, this information is gold. Appreciate it.
No prob, check out this guy's video he covers daily XRP/Ripple news, you could check his most popular videos see anything that might stick out to you:
https://www.youtube.com/@WorkingMoneyChannel
This guy is going down the rabbit hole. He also advocates for staking your crypo with an insured bank when they get in to the scene more down the road (maybe with Polysign) and you'd get a percentage of earnings every year on your XRP instead of just selling it one time, which is more ideal.
https://www.youtube.com/channel/UCmrU1HFPpy5DfUySK6okqEA/videos
I have never gotten into crypto, so this most likely won't affect me. The reasons I didn't get into it was that I could never quite see how it operates. It's not a "currency" in the strict definition of the word, it doesn't act like currency, and seemed that its "value" was something not determined by backing in anything.
What if the banks accepted the crypto because it was compatible with their network?