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This is now a competitive advantage for #ripple, further their entire management team has been working with #SEC, #banks, and governance teams for years. Another advantage. I'm hard pressed to think they are not comfortable with each other at this point in the game. Not #Libra 6/
We literally supply the world with US dollars. A strong dollar is having bad effects for other countries (World is in a global recession, soon to be a great depression here if we keep printing the world's currency). Why? The dollar is weakening, and that's not good for 2/
us as importers ( weak dollar = paying more for goods imported to USA). How do you solve this issue? When demand for dollars is high, but US production is low, and we import a majority of our goods and you don't want to ruin your economy to benefit another? 3/
#CBDCs with a bridge asset #XRP. This gives countries autonomy of their curriences back. Makes the playing field even. #Ripple created a solution that has immense positive effects for society. #Ripple also pushed the envelope of structuring a business around such an asset. 4/
There was, until the #SEC lawsuit no clear reason why no other company ( #Facebook #Libra #Diem) would not choose to also come into this field ( #Ripple is a $10B+ company) and seek profits. Now there is a reason to stop. 5/
This is now a competitive advantage for #ripple, further their entire management team has been working with #SEC, #banks, and governance teams for years. Another advantage. I'm hard pressed to think they are not comfortable with each other at this point in the game. Not #Libra 6/
When faced with the lesser of two evils, you punish one to set an example for the others #Facebook. This is a stage of acceptance for #SEC and #OCC. But also if the case settles on a large fine it will enshrine #Ripple as a monopoly bridge currency...7/
based in a country of the world's reserve currency, with USA based relationships that span worldwide because of this. #FirstmoverStatus that comes with a hefty legal fight I'd say is a #win, especially when those fighting can afford the lawyer fees and potential fines. 8/
I'm more optimistic now than I was in college in 2014 studying econ and accounting in the library when I first read the #Ripple paper, learning about nostro accounts,and could invision such a thing freeing unused capital for the greater good of the less fortunate in the world 9/
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