@vincentkennedy been thinking more about this.

Will the banks have to use XRP to perform yield farming for their customers? Is that the only competitive way to do it? How else would they do it?

Is that why the banks are trying to buy up as much XRP as possible right now?

VK, been thinking more about this.

Will the banks have to use XRP to perform yield farming for their customers? Is that the only competitive way to do it? How else would they do it?

Is that why the banks are trying to buy up as much XRP as possible right now?

IMO it’s a simple equation when you realize money supply is going to decrease. Banks need to offer interest / farming payout competitive enough to get customer deposits. they will no longer be able to rely on mortgages, other loans, reverse repo facility, interest rate arb FFR vs customer rate, fractional reserve, etc.
balance sheet for them has to find income somewhere, and so it has to come from yied farming. more customer deposits means they are able to deploy more in farming as a function of reserve requirements. obviously holding XRP today is not only a capital gain if the % move happens that’s expected, but also is a “cost of doing business” and should almost be considered a liability on their books (and ours) like real estate or other property needed to do business.

if you’re a contractor, a front end loader or skid steer is a depreciating asset / liability that you’d rather buy inexpensively, no?
(1/2)

XRP to the moon? !!

XRP to the moon? !!

I have been following Whiplash347 on Telegram and he is teaching us about The Stellar network and how it will become the Peoples network of Digital currency in the New Quantum Financial System! The news of it is global as I have been researching for 1 year now and on my second year. As a newbie, lost some money, but, learned how to research each token/coin/stock on the network, I have done better, discretion is key. There is also an exchange to get into stocks of global corporations for less than pennies. We have been told that the stock market will fold into the Stellar Network. The wallet is called LOBSTR. XRP is being sacrificed at this time for regulation ISO20022 to come in to keep the riff raff out! XRP will be King as it still has 95% being traded overseas. US has it on hold in SEC untill all is taken care of. They tried to destroy XRP while letting Ethereum slide by. XRP Ripple=cross border payments for countries/banks! XLM/Stellar=peoples network! All be Asset backed!

Careful with WhipLash.

VK, Farms? or Redemption Centers? I've not heard "farm" at all..
My understanding is we will be making a Redemption Center appt (we will be allowed 2 up front)
First one is to bring proof all of your owned assets (ie Cash, Current Bank acct statement, House Deed, 401K, include your Silver/Gold/Metals etc) for your personal RV, we must sign the NDA of the RV amount being returned in increments and depending on your age and retirement status for RV amount.
You will bring 3 forms of your Identify ie, DL, Passport, SS card, AND 3 address verification ie, Utility bill, house deed, lease papers, auto reg/insurance etc.
Second visit is to confirm everything and update any info missing at first appt. Create your QFS ID for ISO20022 $$ Wallet and voter ID
All will be similar to our current ATM cards but will only be with Banks (Wells Fargo, NFCU and most small local CU) are the only ones I know of that signed the ISO20022 Agreement.
Chase, Citibank others did NOT agree to sign. Am I cl

I think you have some bad info. You should join Ed of Ocala’s currency room on Telegram. He’s getting the process updates straight from Treasury. No deeds, 401k, coins/metals are involved in the RV. They have all the docs/info you need.
https://t.me/+6JgVbyv_e9I5YmUx

I’ve not heard “farm”, either. 🤷🏼‍♀️🤔

thanks VK. Having followed xrp intently for 1.5 years now it is obvous that it is being set up to be an integral part of the coming new financial system. while i look forward to profiting from this knowledge i am also disturbed by xrp/ripple’s association with the WEF and other DS actors. can you opine on this? have the patriots coopted a DS plan?