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This could break the entire economic system. This seems like a great chance to use the algo trading of Mudrex.

Banks aren't going to use BCH

Real suspicious timing, XRP could prolly be do high % by now( +ve of course)

Hey everyone, I'm an economist who got into crypto back in 2011/2012 when i was looking for nonmonopolized (competitively issued) currencies for research. I was trying to answer the question, "Do free banking structures yield greater macroeconomic efficiency relative to monopolized currencies?"

I've been involved ever since, mostly with btc and eth (when it was eventually released). I've been around the block a few times and have some wild stories from it (like the bitfinex hack).

Happy to answer questions, or at least try, because most crypto people are as insufferable as legacy/institutional finance bros.

Very sus.

Kinda feels like one of those stand off power plays. They called Ripples' relocation bluff, raised them a damning law suit and smugly muttered, "Move", while watching their most valuable asset sweat half its bodyweight.

Though they've kinda taken their ball and gone home seeing as Jay and his minions jumped ship straight after. Very suspect, indeed.

While this may take a while to be adopted it could be huge. If we get kin/usdt pairs on big exchanges and our banks handle usdt it will really ease the flow of $’s in and out of the ecosystem.

Remember when banks issued deposit certificates backed by gold and silver? Yea me neither, but this could be a return to that where each bank has their own stable coin, backed by Bitcoin or Ethereum. The price discovery could be insane.

Ripple, the company, can cry me a river. I’m sorry for all the investors. My hope is the SEC will force Ripple to burn their XRP holdings.

This is good for BCH

Finally I can live without fiat now

Hmm is bch considered a stablecoin now? The way I interpret this and I might be wrong, banks will be allowed to transact in stable coins (of which value is thethered to a fiat currency) so not good for bch, btc.. maybe good for eth since stablecoins can be built upon ethereum.

A legal stablecoin is going to suck the air out of Tether.

Expect high levels of printing -> purchasing BTC/ETH -> cashing out in other venues by Finex insiders in the days to come.

This is what the Stellar blockchain in a nutshell.

https://twitter.com/oskararnarson/status/1346234510959136769?s=20

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LISTEN to what he says. SEC is basically doing what he said a year ago.

I think we reddit hugged this site to death

All i'm hearing is....buy more xrp!!

Bullish!

SEC is sus

KIN is not a stable coin, and isn’t a platform for one to be built as far as I’m aware.

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No bueno link???

Question: Why would a bank utilize a volatile asset like XRP and not a basic stable coin like USDC or one of their own making?

This could be a huge shake up in the payment processing space, moving away from Visa, MC, and the other big players.

Calling Nano...

I agree timing is suspicious.