Can XRP Replace Money with Bank Meltdowns - Big Retail Loses - FED Turning Dollars into Digital Currency (CBDC)
Last week was eventful in the finance world. Amid growing concerns over bank meltdowns and the Federal Reserve's plan to convert dollars into digital currency, there were a few very significant developments.
First, Silicon Valley Bank UK gave millions of pounds in bonuses to its employees, just after being rescued by HSBC for a nominal £1. This move has generated criticism and controversy as many believe that the bank should have used the money to stabilize its finances. Then we saw midsize banks in the US ask for government insurance on all deposits for two years, to protect against potential losses due to increasing bank failures.
In other news, the well known XRParcade, an XRP Centric News website dedicated to XRP cryptocurrency news and updates, announced that it will be shutting down. The reason cited was the high costs associated with maintaining the site.
A Massive $1 Million BET offered by entrepreneur and investor Balaji Srinivasan that the price of Bitcoin will increase in the next 90 days. He has set impressive odds of 40:1, given his belief that hyperinflation could render the US dollar nearly worthless.
The latest developments over the past weeks have raised concerns over the stability of traditional banking and the potential of cryptocurrency to replace money in the future - could it be XRP!
***
*SUPPORT ON THE CHAIN*
JOIN THE CHANNEL
https://otc.one/join
OTC MERCH
https://onthechain.shop
BUY US A COFFEE
https://otc.one/buy-us-a-coffee
Support ON THE CHAIN
https://otc.one/support
--------------
*ON THE CHAIN*
SUBSCRIBE TO THE OTC PODCAST:
Subscribe to our other Youtube Channel:
https://otc.one/onthechain
On The Web:
https://onthechain.io
Follow OTC on Twitter:
https://otc.one/otc
Join On The Chain Community on Twitter
https://twitter.com/i/communities/1599435678995062788
Join our FREE Telegram Roundtable channel:
https://t.me/onthechain_roundtable
--------------
*JEFF*
Follow Jeff on Twitter:
https://otc.one/jeff
--------------
*CHIP*
Follow Chip on Twitter:
https://otc.one/chip
Listen to Chip's music
http://nojoyyet.com
--------------
*DISCLAIMER:*
_All opinions expressed by content contributors that appear on OTC are solely expressing their opinions and do not reflect the opinions of OTC, its affiliates, or sponsors. Content contributors may have previously disseminated information on a social media platform, website, or another medium such as a podcast, television, or radio.
OTC, Content Contributors, Affiliates, or Sponsors are not obligated to update or correct any information. The content contributors are sharing the information which they believe to be reliable. OTC, its affiliates, or sponsors cannot guarantee the accuracy of the opinion shared, and viewers, readers, and listeners should not rely on it.
Opinions expressed are not financial advice. Please consult a licensed financial advisor before making any financial decisions. You must research before you invest in anything. Do not invest based on what someone else is doing or not doing, or based on other people's opinions._
#XRP #Ripple
No comments:
Post a Comment