The American Federal Reserve recognizes Ripple Improves Speed and Transparency of Global Payments
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?
If the federal reserve approves of it,then you know it; a scam.
End #whiteslavery
https://steemit.com/defundisrael/@bitcoin1488/4y9kzx-defund-israel#@steemitboard/steemitboard-notify-bitcoin1488-20170804t114920000z
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.
Then it will be also be manipulated like gold to save the dollar or even use speculation that it could replace the dollar driving the price up then with all the tricks of crashing it /wiping it out causing put options or whatever way Soros and the likes do it, (be used as blackmail by Rothschildillians)to be cashed in by the currency manipulators. Also could use it as official cryptocurrency shutting down the rest of them through confiscation /seizure as they wouldnt be legal tender. In fed we trust not hardly- the main reason why cryptocurrency is gaining steam despite all the marketing scams. In the end if the Fed pushes it/pumps it will be controlled by the Rothschilds.Arguement than war.
I agree @bitcoin1488. It's not best idea to mix the federal reserve and banks with cryptocurrencies
Can't even buy cryptocurrency on the internet outside US. #Bankrupt #nationofslaves
"The central idea here is that these cryptocurrencies operate on a strictly decentralized, peer-to-peer network — no crony plutocrats in a government agency, big bank, or any other sort of Fed administration have the power to regulate (read: manipulate) these kinds of currencies."
https://www.outsiderclub.com/could-digital-gold-backed-currencies-save-the-dollar-bitcoin-virtual-currency-inncoin-cryptocurrency/1121
Also there would be an endless supply that would cause banksters to get rich off fees/rates in a WEIMAR like way.Exchanges would have to be federally insured or seized.Either way the fed would own the exchanges. Any way you look at it the Fed wants to take cryptocurrency down to their level of deviant corruption.
https://medium.com/@CryptoIQ.ca/some-thoughts-on-fedcoin-a-fed-backed-cryptocurrency-df986d0f2221