reSee.it - Tweets Saved By @NCashOfficial

@NCashOfficial - Nick | Crypto Crusader

Let's go down the rabbit hole of the Bank of England & #Ripple PoC from over 6 YEARS AGO. "It means nothing today, it's 6 years old" This is what most will think, but the truth is that #ISO20022 originally launched in 2004. These things take time. Let's dive in 🧵👇🏼 https://t.co/rWgHYQOFYB

@NCashOfficial - Nick | Crypto Crusader

So the original PoC from 6 years ago explored some great things around the RTGS system. The full focus was on synchronization between two different real-time gross settlement systems with two different currencies. https://t.co/ZANBDuvYAj

@NCashOfficial - Nick | Crypto Crusader

Now once you open the actual PDF document, this is where things become a little more interesting. They had detailed key objectives and one is of course responding to the lack of liquidity when making payments. This is a significant objective and you may ask why. https://t.co/1CVYLM4TCw

@NCashOfficial - Nick | Crypto Crusader

It's significant, because at the bottom of the document it confirms that the Bank of England & #Ripple will continue to explore liquidity solutions. You will be hearing/seeing liquidity being brought up quite a bit going forward. https://t.co/XNmTiCNSmM

@NCashOfficial - Nick | Crypto Crusader

Here is the consultation paper posted April 29th, 2022 regarding the roadmap for RTGS 2024 plans. Now look at the second image of what they are fully focused on. Is this where @quant_network comes into play mixed with @Ripple? APIs, Synchronization, Liquidity Generation https://t.co/Ffg4eqHVBv

@NCashOfficial - Nick | Crypto Crusader

These are their plans to address liquidity generation. This is very interesting at a time where we do have the #Ripple liquidity hub launching, which could 100% include $XRP now that it's cleared. #XRP is showcased one of the most liquid assets in this space. https://t.co/fGz107mEwY

@NCashOfficial - Nick | Crypto Crusader

Now is when things get pretty wild. This screenshot includes a section on why liquidity is so important (kind of self explanatory), but look at the wording. "Liquidity Bridges can release trapped liquidity (capital) and reduce the funding costs of cross-border payments." https://t.co/NaPkDSgMUP

@NCashOfficial - Nick | Crypto Crusader

It's also interesting that this is coming from the FSB, why? Look at the tweet I made regarding the connections to the FSB with #Ripple https://t.co/9X0v43g9ZZ They literally let Ripple comment on the global crypto regulatory framework while in the middle of a lawsuit.

@NCashOfficial - Nick | Crypto Crusader

Now let's explore the updated response paper from February of this year. The new core RTGS platform is launching in 2024 (Summer) into November of 2024. This system settles over $950B and at times upwards of $1.2T per day. https://t.co/MnTK5uCJkG

@NCashOfficial - Nick | Crypto Crusader

Further down in the article we are seeing the FSB being referenced yet again for their October 2020 research on enhancing cross-border payments. Again key words, "cheaper, faster, and safer" which is on par with what #Ripple is doing. I also included the FSB's report. WORDING https://t.co/9vG9Ty5EgX

@NCashOfficial - Nick | Crypto Crusader

Even in the FSB's report the wording reads as if #Ripple is writing the article. This is in coordination with the CPMI, who are the institutions included on the CPMI? Let's take a look. How many of these names are tied back to #Ripple? I can name a few. https://t.co/WYRm0qBGpm

@NCashOfficial - Nick | Crypto Crusader

Going back to the Bank of England document, here is some great insights on the payment revolution happening. Again focusing on the RTGS API platform with synchronization and reducing current frictions in cross-border payments *cough* *cough* #Ripple / $XRP https://t.co/0PqXnmFsGf

@NCashOfficial - Nick | Crypto Crusader

We also get introduced to their rCBDC plans (retail CBDC) Again frictions in settlement mentioned, Atomicity (atomic settlement) and various other benefits. Then they mention DLT PoCs, #Ripple gets highlighted here (2023) - 6 years ago is not too long ago I guess 🤫 https://t.co/tZMB7uLFcw

@NCashOfficial - Nick | Crypto Crusader

Box B addresses improved cross-border payments. Major year mentioned in 2027 for this to really ramp up in terms of innovation. Things are starting to align with this. We know the G20 instructed the FSB with global crypto regulations by the end of 2025. https://t.co/Rxsl0SuL0o

@NCashOfficial - Nick | Crypto Crusader

Now we get a much more in-depth view into the priority areas and the groups assisting in this development. FSB, CPMI, IMF, & the World Bank all have ties right back to #Ripple and $XRP also comes up in many IMF and World Bank documents 👀🤫 https://t.co/OilX4K5L3m

@NCashOfficial - Nick | Crypto Crusader

It seems as though this major innovation will begin in the UK with the central bank (Bank of England). With all the connections back to #Ripple & $XRP, it's hard to imagine they won't be a part of this innovation. https://t.co/EAJJsjZLaM

@NCashOfficial - Nick | Crypto Crusader

Key timeline to follow is the Summer of 2024 into November of 2024 for this new RTGS system to go fully live. Everything is coming together for the UK to usher into the digital age of finance. Still think these #Ripple documents are "too old" to consider being a big deal? $XRP https://t.co/x8jslr5Hdn