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/biz/ - Business & Finance

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16852816 No.16852816 [Reply] [Original]

https://www.federalreserve.gov/newsevents/pressreleases/files/other20190805a1.pdf

"The Board of Governors of the Federal Reserve System (Board) has determined
that the Federal Reserve Banks (Reserve Banks) should develop a new interbank 24x7x365 realtime gross settlement service with integrated clearing functionality to support faster payments in
the United States"

>> No.16852837

Ripple was never going to be used for its alleged purpose, they scammed thousands of normies and boomers which was their intention all along. So in that regard it was a massive success.

>> No.16852841

FUCKING NOOOOOO

Oh wait, private banks will never use some shitty government version of a system the private sector could do better and more globally.

>> No.16852958
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16852958

>>16852841
>>More than 100,000 users in nearly 10,000 organizations leverage FedLine Solutions for delivery of payment and information services.

https://www.frbservices.org/fedline-solutions/index.html

>> No.16852976
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16852976

>>16852841
https://www.federalreserve.gov/newsevents/pressreleases/other20190805a.htm

Pic related

>> No.16853484

>>16852841
holy fuck an actual retard

>> No.16853526

>>16852816
It’s called fednow. They already have been talking with ripple about it.