WORLD’S BIGGEST BANKS LAUNCHING CBDC ON XRP!!! (XRP Adoption is here)

discusses the European Central Bank’s (ECB) digital euro innovation platform and its potential connections to XRP.

Here’s a summary and highlights:

• Digital Euro Innovation Platform: The ECB has engaged 70 market participants, including fintech companies, banks, and payment service providers, to explore payment methods for a digital euro.
• Ripple and Crypto Connections: The list of participants includes several Ripple partners, such as Sub Bank, Quant, and CoDi. The video also mentions that the Bank of France has explicitly stated a preference for using XRP as a basis for issuing a digital euro, having tested the XRP ledger for various use cases.
• XRP’s Role in CBDCs: The speaker suggests that Quant and Ripple are leading companies in CBDC technology, and their combination could be what the ECB is looking for. Morgan Stanley also views XRP as a potential alternative to traditional payment systems like SWIFT, citing benefits such as reduced settlement times, increased speed, and decreased risk of fraud.
• Future of Finance and XRP: The video touches on the need to upgrade financial infrastructure to ISO 20022 and leverage blockchain technology to secure assets, especially with the rise of quantum computers. It emphasizes that distributed ledger technology (DLT) is currently the most tested solution for banks and institutions.
• X (formerly Twitter) and Payments: X is planning to release a payment system later in the year, with an official “XMoney” account already created.
• Political Opposition to Stablecoins: Ripple’s top lawyer, Stuart Alderoty, criticized Senator Warren for attempting to block a stablecoin bill, highlighting a perceived inconsistency in supporting CBDCs while opposing stablecoins.
• XRP Price Predictions: The speaker believes that when banks start using XRP, its price could reach significant levels, such as $100, $500, or even $1,000 per XRP.
• Ripple’s Philanthropy: Ripple is contributing $25 million to support US classrooms and teachers, encouraging viewers to donate to the cause through Brad Garlinghouse’s Twitter account.