The Currency Analytics
By Steven Anderson
Garlinghouse stated, “Wait a minute, just use the dollar” “I don’t understand what problem that solves.”
This he stated when he was talking about the Stable coins from JP Morgan that has been pegged to the USD.
He further tweeted, “As predicted, banks are changing their tune on crypto. But this JPM project misses the point – introducing a closed network today is like launching AOL after…
He further went ahead questioning if Citi, Bank of America, or PNC might have any interest in the JPM coin and “The answer’s no.”
He concluded with a complaint that if we have all of these different coins pegged to stable coins, we will be back to square one due to lack of interoperability.
Garlinghouse implies there is no real use case to JPMCoin.
XCurrent from Ripple is the longest available and most adopted product from Ripple being used for cross border payments.
If a Nostro Vostro arrangement has been made between banks, xCurrent will be able to build balances on both ends within seconds.
Small organizations pay their big Brethren to make use of these international transaction systems, therefore the small and mid-size banks are left with no other option than to…
Nearly 5 trillion dollars are dormant in several accounts across the world thereby typing up the capital in dormant accounts.
XRP is volatile, and FIAT is volatile as well. Since the risks of rate fluctuations are too high in certain currencies, banks do not encourage nostro-vostro relationships…