I see this all the time, XRP new currency for banking! Send 100M for 0.30cents!!
But why wouldnt US Gov just make a blockchain for Gold and Silver and just have it regulated by a treasury to keep a balance/tally of total gold & Silver divided by number of treasury 'dollars' to represent a solid currency.
Who in their right mind would trade an ounce of Gold for XRP which is already circulated, & owned by other people already? You may as well just give away your gold. Cause somebody else beat you to it.
There is no way in my mind that this is the plan for future currency. There has to be a treasury to buy and sell the gold for a currency. It should be blockchain to track it. But why not just make a new system from scratch or use BRICS?
Does this chain of 'logic' not make sense to anybody else?
XRP seems useless to me in a Gold & Silver environment.
The thing that is missing from the crypto discussion is privacy. XRP, BTC, or any other blockchain being supported by any government or corporation is fully transparent, making it difficult, expensive, or outright impossible to use anonymously. This makes it not fungible and therefore not money.
They don't want people making transactions that can't be traced to a specific ID. That's why privacy coins have been essentially banned from all major exchanges. Monero is the top privacy coin but there are a lot of other promising ones out there, even ones that support tokenization, smart contracts, and even stablecoins.
Look into the Midnight crypto
Can make some or all of the data private at will.
Smart contracts in typescript.
Uses ZK Snarks
Will be airdropped to any holders of major blockchains.