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Ripple XRP: Will The UBS Coin Be A Real XRP Killer?

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10 Comments

  1. I travel to sweden twice a year. only thing I use is cash at stores, restaurants, taxis, and so on. cash works just fine there, and no merchant has ever told me no.

  2. Even USC would require an FX component. Imagine a bank making a payment between the US and UK. The UK bank uses sterling to buy USC from the pool. USC is sent across the network to a US bank. The US bank will want to redeem USC for dollars and so a currency exchange between Sterling and Dollars will have to take place somewhere. Why not just use XRP in the first place.

  3. Concerning UBS (aka USC) Coin, Project Finality
    https://www.ledgerinsights.com/nsd-whitepaper-blockchain-in-finance/
    It is found mid-way down in this article
    Project Finality- Tokens backed by cash held in the central bank's general reserve account and not enjoying central bank guarantees
    .

    They basically took funds held in a nostro account and deposit them with central banks' general reserve account. Never did away with need for nostro accounts.
    Given this info, USC (Utility Settlement Coin) is not a XRP killer.

  4. Hats off to bitcoin and everything they have added to the space. Its presence has been beneficial so far but the fact is that bitcoin will NOT return to $20,000 anytime soon, so holders and Speculators need to let go of the all-time high talk. It's a different market now so just appreciate btc for what it is. The only way to profit from bitcoin now is by trading it daily with a good strategy and taking out your gains. That's what I've been doing for months by using Derrick Thompson signals which is very effective for day trading and has been recommended severally by top traders on youtube. I've been able to double what I have in my blockchain wallet from 3. BTC to 12. BTC so far using his technique. If you're smart enough, I will advise you to take advantage of the market now by reaching out to him through his Telegram handle @Derrickthompsoninc for a better understanding of trading profitably.

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