/biz/ - Business & Finance

>>53498724
QNT is not suited for CBDC but works on the interoperability side, (private xrp ledgers are suited),

>>53498724

Didn’t ripple meet with the Bank of England a few days ago? Plus they just signed to do a euro coin. Probably gonna be them

> ISO20022 tokens
This is how I know every single xrp chud is a literal fucking retard. None of them can program. It’s xml you mongs. Any “l1” that worries about application layer data formatting is a scam.

>>53498724
We won't realistically see any major XRP price movement until 2025 - 2026. That's when CBDCs will be implemented. Be prepared for the lawsuit with the SEC to drag on for years. I'm hoping we can still get involved in the next bullrun and see $0.50 EOY.

>>53498891
>worries about
I agree in part. But I don't think the people running the XRPL were "worried" about it. They simply made sure it was up to the standard which is incredibly simple.

>>53498891
It could be XLM. Even HBAR. Anyone can be chosen at this point.

>>53498957
ie markets. It’s application layer formatting nothing more.

>>53499005
Obviously. You have no clue what you’re talking about. Holy shit.

>>53499005
he means Extensible Markup Language not xlm the token you fucking retard

>>53499020
>>53499051
>>53499056
I don't know what that even is. I'm not that smart so please be gentle.

>>53499105
Then you should stop making threads about things you have no fucking idea about. Better yet, consider suicide so that doesn't happen again.

>>53498891
swift is also just a literal instant messenger anon. Any XRP chads who have actually done their own research would be able to tell you to think of XRP in terms of a combination of XML and instant messenger. The thing is, you would never see bank enterprises use AOL instant messenger for their business, they used a purpose built creation for their needs. Same with XRP, its been purpose built for banks to simplify money remittances.

>>53498891
>Any “l1” that worries about application layer data formatting is a scam
Well yes, SWIFT is a centralized peice of shit everyone who’s been paying attention to what’s happening understands this. Even the former SWIFT CEO said SWIFT is scrambling to be relevant with GPI, and it’s disastrous at best since nobody wants to comply/are already working and have been working for years with other initiatives.

Its LINK
>inb4 CLL don't work on CBDCs
ITS LINK! IT JUST IS OK?!?!

>>53498724
Biz will seethe when XRP is chosen and does a 100x over night

ATOM unfortuantely. check em

>>53498724
>wallet
w-w-we went to s-s-sibos too

>>53498724
I’m hearing CPH from down the grapevine just met with Thomas Moser of the BIS who’s worked with the Cypherium team extensively. Don’t think he was supposed to say anything he was drunk at Davos kek. Told me the CPH interoperability solution blows everything out of the water. https://finance.yahoo.com/video/inside-swiss-national-banks-wholesale-154330546.html

>>53500172
You mean these guys?

https://twitter.com/cypheriumchain/status/1493159814565933064

>>53498724
Two more weeks goyim

>>53498724
My money are on Strax they did hinted multiple times that they working on GBP stable coin and working with the regulators actively and even sit in some gov consulting group.

>>53500219
Yeah, looks like some chunk hustle shit at first glance but my gut tells me something is brewing https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4219738

>>53500373
>CPH interoperability solution
What exactly do you think this is? You think its something they cooked up all by themselves or they going to be using the same protocol that Swift likes to call CCIP?

>>53500431
I’m trusting Moser on this one bro you do you https://www.cypherium.io/digital-currency-interoperability-framework-dcif/

>>53500526
Are you a dunce? What protocol do you think CPH is leveraging? Hint, Its the same oracle network

https://twitter.com/CypheriumChain/status/1493159907423571972

>>53498724
It's actually not as bullish as you think to be awarded a PoC by a central bank, especially for a CBDC. Most if not all of them are going to be shelved and the ones that deploy are going to have trouble getting adopted. Even China, who has no red tape issues that we have in the West, is having problems getting people to use CBDCs. On top of all that they usually only give you a few hundred thousand dollars in funding and then tie up the majority of your dev team for years. It's way more likely that a private company will push this stuff into the mainstream because there's less stigma and bureaucracy attached to it.

>>53500945
Look around you - the stage is being setup already for integrating CBDCs in everything we do. Look at Apple Pay and Samsung Pay, Look at Venmo, Paypal, and Zelle. These are all functionally operating like a CBDC and it will be extremely easy to implement it as people are accustomed to these practices already.

XRP is the standard. Non-XRP holders on suicide watch :D

rolling for id

>>53501042
China has all of those things and they still can't get people to use the digital Yuan even with a complete asymmetry of control. It's going to come from the private sector and not a central bank.

>>53501042
If a man didn't know better, he might be inclined to think the conspiracy theorists were right and that societies were controlled by secret cabals that operate subtly and with long time horizons.

I'm glad that's not the world we live in.

>>53500945
based everchad knows exactly whos going to lead the vanguard

>it's my shitcoin I'm a bagholder of
>pump my bags chumps

>>53501138
I want to agree with you, but what about the sec vs ripple labs lawsuit? If the sec wins then it will no doubt go after every single crypto with the exception of the various bitcoin forks.
How would the private sector deal with every shitcoin from eth to rdd getting banned from u.s. retail being able to use them? Keep in mind the u.s. consumer accounts for roughly 20% of global gdp.

its doge

its chainlink

>>53502460
It really is Chainlink. Wykyk

>>53502374
The most likely outcome of that case is settlement or the imposition of monetary damages for violating securities regulations. Keep in mind that the SEC's goal is regulatory capture, not completely destroying a developing technology sector that is important to the US. And the SEC is just agency, banking regulators will be coming in with a vengeance over the next year or two as well. Some projects are already implementing solutions at the protocol level in anticipation of this and the ones that aren't will get what they deserve for being delusional about where the winds were blowing.
As for the private industry, there are already compliant, regulated projects launching programmable tokens that are not traded on the open market like CBDCs. They're easily able to integrate with other private companies and introduce the products without consumers even knowing that they're using them in some cases.

>>53500684
Kek

Why would a bank bug up crapple instead of just licensing the hyperledger tech for their own CBDC? Never heard a single clear example from crippletards that didn't involve flat earth tier conspiracies.

So it all begins in London..

>>53498724
Sorry Chudcels, its BSV

>>53498724
It’s Fantom.

>>53504066
checked
https://committees.parliament.uk/writtenevidence/40059/html/

>>53504159

fucking chainshit lmao

>>53498724
Probably matic because the PM is a pajeet just like almost every megacorp executive now. It's the only reason matic keeps getting adoption. Racial nepotism.

>>53498840
https://www.bankofengland.co.uk/research/fintech/proofs-of-concept/ripple
>published 2017

>>53499831
Can link settle transactions?

>>53504760
elites prefer to settle in blood. christian blood is the most valuable

The Bank of International Settlements recently held a G20 CBDC contest for Indonesia.
Siriuschain won, beating out ripple, stellar and Mastercard.
Don't think they applied here but it's interesting to watch these develop.

>>53498724
do we know what time it's announced?

>>53498915

This lawsuit has dragged on for years and is going to be over in less than 60 days.

>>53506777
Checked

>>53498891
Phrases terminology and lexicon of words you may recognize but don’t know for fud fabricated by a bored holder yes I’ve seen and done this before verification not required

GUYS GUYS GUYS

>>53498891
>Any “l1” that worries about application layer data formatting is a scam.
sounds like you know what you are on about, tell us anon, what is the other layer in a modern computer program and why do you differentiate the two? you know nothing

Holy shit it's starting

>>53504050
>So it all begins in London..
City of London. Never forget that this city state independent of the United Kingdom is what rules the financial world.

>>53507709
Whats starting?

>>53508081

>>53508081
although technically it's a county of England it's older than the UK itself

>>53508113
The king has no sovereign power in the City of London, therefore it's not part of the nation of England in any way.

>>53508130
>The king has no sovereign power in the City of London
True
>it's not part of the nation of England in any way.
It is a county of England though

bump
any announcement yet?

>>53508430
it just says the award will be made today, doesnt necessarily mean there'll be an announcement

>>53498724
wow! so all thesse darpa/intelligence assets/plants gonna pretend to compete fo dem big gubmint tax dollahs, while putting the final nail in the coffin of humanity. reminds me of joogle and lifelog. now they are biotech and rypto startups. moderna was one as well

Now watch how it's some literal who company that has some level of smelly conflict of interest and xrp retards look retarded again. Assuming cripple labs is awarded it, it won't be xrp that you hold.

>>53508430
yes

>>53501138
>t. propaganda consooooomer
digital yuan has been the standard already a la wechat pay for years
even the literal homeless have wechat QR codes linked to their accounts
even in rural villages
people will accept paper money for things but in 99.9% of cases they prefer to just deal with wechat pay

I'm assuming it should be shown on their main twitter account.

>https://twitter.com/digitalpoundfdn

>>53510044
that twitter has nothing to do with the government. its basically a ripple shill account. nice try.

>>53506777
Checked and my overlay chart confirms

>>53501042
a CBDC cuts out retail banks, banks who currently hold the power of currency creation. you think they are just going to give that up?

>>53510142
>retail banks, banks who currently hold the power of currency creation
what?

>>53504066
>>53504159
it makes absolutely no sense to use pow for a cbdc retards

>>53510209
commercial banks are the ones creating money. every time they make a loan, that money is created out of thin air

>>53504066
>https://nchain.com/resources/events-and-webinars/
The royalty will literally have to bend the Masonic knee to BSV

>>53510227
https://bsvblockchain.org/news/unlocking-the-potential-of-central-bank-digital-currencies

https://twitter.com/chainlink/status/1620423713429811206
https://cointelegraph.com/news/uk-native-stablecoin-integrates-into-18-000-atms-nationwide

>>53510776
>delusional shitcoiner says
a cbdc will never run on bsv

>>53510943
cope chud

>>53510974
ever heard of ESG being a thing these days? they'll never use a PoW blockchain, you cope.

>>53511043
ok greta

>>53510933
"Poundtoken is the sole issuer of the GBPT ($GBPT) stablecoin. Poundtoken states that its stablecoin GBPT is fully backed in pound sterling at all times, with monthly attestations provided by auditor KPMG."

Guess who provides Proof of Reserves for Poundtoken? Go on, I'll give you one guess....

NoLinkers BTFO

>>53498724
I hope they choose those that can build good apps to preserve the privacy of transactions.

>>53510974
Remember when CW said all crypto was a scam? Youre in the same boat dude.

>>53511106
>Poundtoken
Regulated out of “the British isles” aka the Isle of Man.. sorry but thats not good.

>>53508493
What part of eXchange Rate Peg don’t you understand

It’s not link.

Although that doesn’t really matter, because any CBDC is going to require interoperability before it sees widespread adoption.

>>53512252
>because any CBDC is going to require interoperability before it sees widespread adoption.
*qnt enters the chat*

>>53513448
Yes, buy quant.

>>53513448
>>53513470
What's it like being completely stupid?

>>53513543
Flare rapes this hard

>>53513588
Oh no! He's stupid too!

XRP bros its happening

>>53498724
>entirely proprietary
>closed source
>every aspect of function unverifiable for the user
just trust us goyim.

>>53498724
So who was the winner?

>>53498724
>built for CBDC

>>53514054
Somebody answer this man!

token not needed

>>53498724
Hey Hey guess what?!

You don't have to use CBDCs!
This is your chance to not be enslaved to the globohomo banking system!
Tell everyone you know.
Don't be a bootlicker.

rang rang.....any answer yet?

Nothing ever happens

>>53514692
Some people will absolutely have to use them but they won't be rolled out universally, they'll mainly start with people on welfare.