India is at a defining moment in its history. Its clear they are wary of giving up monetary control, but they must go digital to keep pace with China in the region.
“Thailand-India corridor, which requires handovers across a chain of correspondent banks, could cost 12%. Or $24 on a $200 transfer. Expenses pile up as sending institutions must maintain idle liquidity with correspondent banks in foreign countries, earning little and running the risk of currency depreciation. Cryptography is helpful in such situations. Establishing ownership of funds with hard-to-crack secrets bypasses the need to establish trust with costly pre-funded accounts.”
Ripple: Policy Framework for Digital Assets in India
“India is at an inflection point in fintech innovation. The country’s government and policymakers have the opportunity to foster responsible adoption of new digital asset and blockchain technology by creating transparent, principles-based regulatory frameworks that support it. ”
China’s Crypto Is All About Tracing — and Power
“Chinese consumers have bypassed both computers and credit cards to embrace mobile payment apps, which have gone on to spawn large money-market funds investing in high-yielding wealth-management products. This has led to the accumulation of risks in opaque shadow banking. Bringing them out in the open requires a leg up for traditional lenders in payments, an area where financial technology has left”
Ripple: Saudi Arabian Monetary Authority expects to save $400 billion a year
“A report by the Monetary Authority of the Kingdom of Saudi Arabia (SAMA) highlights the benefits of implementing Ripple’s payment system”
Japan Should Urge US to Hurry Up With Digital Dollar Says Fisco Exec
“Japan may need to rely on the United States to have some influence over the development of digital currencies.”
Ripple XRP: Chris Larsen Gives us the Path to XRP Millions!!!
https://www.youtube.com/watch?v=XQJQiUpDKac
Jungle Inc The Lost Episode:
Redefining Money/Value Will Be Key During Financial Crash
https://www.youtube.com/watch?v=wJQfz08ktyI&t=259s
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