XRP: FEDNOW LIQUIDITY CAN SEND IT TO $100 OVERNIGHT | Via : ISO 20022 IMPLEMENTATION
XRP: FEDNOW LIQUIDITY CAN SEND IT TO $100 OVERNIGHT | Via : ISO 20022 IMPLEMENTATION
XRP Is a chosen crypto thanks to the FedNow Service implementation of the ISO 20022 Standard that is interoperable with many industry participants including SWIFT. That is why some people think FedNow liquidity could send XRP to $100 overnight. The Federal reserve will decide when the that service is launched, whether it be in phases or all in one day according to FRBServices.org.
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According to the ISO 20022 Ecosystem and INATBA Founding Members list
XRP XDC ALGO - (XLM Hyperledger) & IOTA (QNT ISO TC/ 307) are all on that list
What is XRP?
To begin with, it’s important to understand the difference between XRP, Ripple and RippleNet. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database.
How does it work?
"XRP was created by Ripple to be a speedy, less costly and more scalable alternative to both other digital assets and existing monetary payment platforms like SWIFT.
RippleNet’s ledger is maintained by the global XRP Community, with Ripple the company as an active member. The XRP Ledger processes transactions roughly every 3-5 seconds, or whenever independent validator nodes come to a consensus on both the order and validity of XRP transactions — as opposed to proof-of-work mining like Bitcoin (BTC). Anyone can be a Ripple validator, and the list is currently made up of Ripple along with universities, financial institutions and others." According to CoinMarketCap
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