The American Federal Reserve recognizes Ripple Improves Speed and Transparency of Global Payments

in #cryptocurrency8 years ago

The Federal Reserve have recognized Ripples as a proposal for having faster payments solutions as it improvesthe speed and transparency of global payments.

This information has appeared in the roadmap the Federal Reserve has made, with the help of McKinsey, to get better the actual situation and get ready for the near future.

You can find the whole information in their site https://fasterpaymentstaskforce.org

The exact information they give about Ripple is the following (Taken from https://fasterpaymentstaskforce.org/wp-content/uploads/faster-payments-task-force-final-report-part-two.pdf)

FASTER PAYMENTS SOLUTION PROPOSALS

I've never been a huge fan of Ripple, as it doesn't align with the main pillars blockchain was designed, but I have to recognized this may give Ripple a second new opportunity.

What do you think about?

Sort:  

That's a very clever conclusion :-) But the meaning of my post was that if the federal reserve approves it, probably it'll go up. But as I said, I am not a fan at all of Rippley. There are many more projects more interestings and with better intentions.

I agree @bitcoin1488. It's not best idea to mix the federal reserve and banks with cryptocurrencies