🌸Eri ~ Carpe Diem
@sentosumosaba
The @CantonNetwork, with its 600+ institutions, "marks a new phase" for @sbigroup.
1.@CantonNetwork: For complex financial transactions & cross-border securities for institutional investors.
2.@Ripple: Payments
3. SBI Ripple Asia: XRPL
4.@solana (r3 rollup): Stablecoin issuance/distribution (JPYSC), tokenized RWAs (bonds, funds, real estate, etc.), cross-border settlement, institutional on-chain services, and related payment infrastructure, explicitly on Solana.
https://t.co/HpOhBigLCa
127 likes 9K views
Patrick L Riley ᐰ
@Acquired_Savant
If you missed yesterday's $XRP announcement, this is what I was referring to.
Most people still don't get the significance, so allow me to elaborate:
During SEC v. Ripple Labs it surfaced that there were 1,700 NDA's between Ripple and other companies. A lot of people speculated that those NDA's pertained to banks.
Yesterday's announcement is not Speculation. Ripple publicly confirmed not just 1,700, but 13,000 banks connected through their system where $12.5T flows.
Putting that into perspective, there are 4,336 registered 'Banks and Savings Institutions' in the United States. There are also 4,287 'Credit Unions'. Many of these institutions are international throughout Western civilization.
That means that Ripple is now promulgated into almost every western (anglo-society) banking institution. That is where the $12.5T number comes from.
But you don't care about that right? You want to know what it will do for the price of XRP. Let's go apply the Bakkes Pipeline (Stock to flow) model:
If 20,000,000,000 $XRP move $12.5 Trillion annually the average price per $XRP is $625. That $589 number and the chart I've shared many times do not look so far out of reach now, do they?
There is hopium, and then there is this 👇
2.9K likes 289.1K views