XRP CREATES A LOT OF BENEFITS

As we all know that Web3 cryptocurrencies are the new wave of cryptocurrencies that are based on making the decentralized vision of Web3 a reality. These Web3 technologies make use of blockchain technology and smart contracts to give people control over their data and make transactions without relying on third parties. Ripple's Sendi Young shared what crypto and Web3 mean for the financial leaders at the CFOC global summit.

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I think Web3 is just the more evolved expanded phase of where we live more in between those virtual and physical realities processed by several technologies and not b just blockchain. What we are seeing basically sort of triples from institutions. If we consider it about 3 to 4 years ago, it would have been a very difficult thing to talk about with the banks, and payment service providers, and having a digital asset in your payment will be talking about benefits. Presently, it become more accepted across many sectors because of all of its benefits.

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Just like the XRP which is the native coin of the XRP ledger, it is very suitable for all kinds of payment. XRP creates a lot of benefits for everyone, not for payment providers. We got a tweet from Ripple today that 90 of the central banks are considering CBDC, up from 80& last year. This growth has the potential to change the financial industry for the better.

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According to a tweet by the house of the judiciary, a recent report suggests SEC officials are making use of off-channel communication platforms to carry out official business and failing to follow federal record-keeping statutes. The regime of the SEC chairman Gensler has been full of regulatory hypocrisy and inconsistency. Unfortunately, Gary Gensler does not hold himself to the same transparent standard that he places on the private sector.