Fasten seat belts the cliff is approaching.
As Banks cant work with something where the price yo-yos all over the place they in the final stage of releasing there own cains.
A wholesale payments solution on blockchain
•2018 is the year of production for blockchains
•Systemic value of blockchainscan only be realised with cash “on-ledger”
•Cryptocurrencies and private sector e-cash initiatives have first mover advantage, but reduce transparency for Central Banks.
•R3 has a suitable solution for Central Banks to facilitate wholesale payments between known participants and advantage of blockchain
•R3 has a proven track record with groups of Banks and Central Banks
R3 and Ripple are in court as we all know.
R3 and Projects Jasper (Bank of Canada), Ubin (Monetary Authority of Singapore), LionRock (Hong Kong Monetary Authority)
For anyone who cares projects:
Jasper, Ubin, LionRock•Supported by: Bank of America, Merrill Lynch, CITI, Credit Suisse, DBS, HSBC, J,P,Morgan, MUFG, OCBC, Standard Chartered, UOB, SGX
•Led by the Monetary Authority of Singapore (MAS)
•No broadcast, need to know, uses point to point communication
•Confidential Identities, shared on a need to know basis
XRP will fall so hard on its arse. (Will be hilarious to watch)