/biz/ - Business & Finance

>>51491170
>your FedNow account has been seized due to thoughtcrime

I'm so pumped

>>51491170
>the service will provide interbank clearing and settlement that enables funds to be transferred from the account of a sender to the account of a receiver in near real-time and at any time, any day of the year.
>The FedNow Service will be designed to maintain uninterrupted 24x7x365 processing with security features to support payment integrity and data security
>The first release of the FedNow Service will also include optional features: fraud prevention tools
>The target release date for the service is May to July 2023

So 2023 is the make it year for link

>>51491170

All of them? How does this change anything?

>>51491332
all payment crypto are dead like bitcoin cash and nano

>>51491431

Well, those coins are already pretty dead. But what exactly do you think fed now does to compete with them?

Is wire transfer expensive, slow or something in murica? Why this is needed.

>>51491483
yes, yes

>>51491170
>chainlink

>>51491170
>Monero
Other than illicit purchases and giving more money to Israel under the table monero has no actual usecase retard

>>51491519
you just described 2, which is more than most crypto

>>51491526
Legal use cases

>>51491483
Swift is 35 burgerbux, can be at least a few days.
Automated Clearing House (echecks) is fuzzy. The notification can be within the day, The delay is remittance from the bank. Coinbase holds onsite for 9-12 days for ACH to clear. ACH is free though.

The federal govt will have to use the bsv blockchain for their fiat shitcoin Kek
>https://www.cbdc-conference.com/agenda
Past cbdc conference had Nchain present. Craig Craig Wright is the Founder/ Chief Scientist at nChain. CBDCs will be hosted on BSV blockchain. The only proof of work blockchain that can scale and provide cheap tx fees

>>51491170
Buy CPH now.

>>51491305
LINK bull run from Oct - April/May

>>51493227
Proof of Work garbage. It wont be used by alot of people because its PoW and its inferior to the other ISO coins Fed Now will use.

>>51493227
why is there no discussion on cph, won't it moon with this FedNow news?

>>51493286
What's the issue? I thought PoW was better than PoS?

>>51493443

You've answered your own question

>>51493461
No, they are both crap. Your problem is that you have been brainwashed into a narrative of only two choices PoW or PoS. But the ISO like XRP or XLM dont use either of those. They are cheaper to transact, faster and greener.

The best solution will win in the end and its not PoW.

>>51493538
I thought cph was a hybrid?

how the fuck has nobody mentioned that Fednow runs on the ISO20022 digital payments messaging interoperability standard that Ripple sits on the governing council of (the only digital asset company to do so)

or that the Fed's public-facing entity for FedNow development, the Faster Payments Council, has not one but TWO Ripple VPs leading it
https://thecoin.news/articles/ripples-craig-dewitt-becomes-vice-chair-us-faster-payments-council-1639837297329
https://twitter.com/bankxrp/status/1202692574106009600?lang=en

or that a former Ripple board of directors advisor just got appointed to the Federal Reserve specifically to oversee the deployment of digital assets like FedNow
https://blockworks.co/former-ripple-advisor-michael-barr-will-supervise-the-federal-reserve/

you guys really have no idea what's coming, do you. it's kind of funny. cheers from /xsg/

>>51493538
good post
ALGO is also good and will be involved in this system (which makes sense because it was created by MIT and the Boston Fed)

>>51493833
Stop telling people, they had 33 years to learn.

>people who don't understand the concept of trustless

>>51493833
>Mom! Ripple got out of his containment thread again!

>>51491170
neither bitcoin nor chainlink have truly meaningful use cases lol

>>51491928
>The only proof of work blockchain that can scale and provide cheap tx fees
kek

Bullish for BTC and LTC. FedNow is goy token with no freedom. True, pure cryptocurrency will shine now.

>>51493274

>>51491170
Bitcoin was created for the sole purpose of bypassing central bank fuckery

>>51496241
But Monero is the only coin that can actually do it.

>>51491170
HBAR BROS WE GONN MAKE IT and chainlink can come along for the ride but everyone else can piss off

>>51491170
>basically fedzelle
>not blockchain
>won't phase out ACH
God damn I'm so tired of this. There is no reason in the year of our lord 2000 plus 22 we still need to be waiting days for fund settlement when technologies literally exist that can do it in 10 seconds for a nickel and can't be double spent, reversed, and etc gay shit.

>>51491170
XRP

>>51493274
>>51493274
kek thats a pretty good meme

>>51491170
>we deleted your bank account because we didnt like the tweet you tweeted, sorry!

>>51491305
lol you been saying that every single year LMAO

>>51493443
>go to cypherium website
>click on Team to learn more about senior leadership
>it's just a medium article with some recent hire developers and community managers
>go to their linkedin
>leadership not listed anywhere here either
>pic related
Yeah, I'm not touching this shit. Smells like a chink scam through and through.

>>51493538
does the mechinism used place direct manipulation of the system beyond the reach of any human? if not then PoW is better.

>>51496765

>>51496765
what about ROSE?