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Ripple XRP: Could Hong Kong & Thailand’s CBDC Plan Thwart Ripple And XRP?

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10 Comments

  1. If banks are going to use their own coin its more of a power grab that doesnt solve something.

    They could set up their
    Own exchanges but the question still lies who wants a Santader UK coin when the other bank will want a Barclays one. To move between them I think the transactions need to settle.

    If banks hopd them we are back to nostro again

  2. Im not sure the CB of USA will trust the CB of China will trillions of CBDCs, it would fundamentally have the same issues as FIAT, the only way free world trade would work is with a decentralised coin on a level playing field.

  3. I think there is a valid point here. If a CBDC sucessfully does what XRP does, in all aspects, then they will use it. I do not believe XRP is the only one., out right. Others are probably silently being developed. But XRP is the first and solves the problems.

  4. Central Bank emoney will be central to that banking group. Inter Bank management. Makes sense balancing books. Not to be used for cross border payments. 👍🏿

  5. Bitcoin = a social experiment.
    XRP = the vehicle for interchange between all future digital currencies, primarily CBDC's on the XRP ledger.
    CBDC's = will attempt to eliminate cash and will flow between currencies/Countries and run on XRPL.

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