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Strategies & Market Trends : Blockchain and Cryptocurrencies

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To: flashforward2009 who wrote (7257)	3/17/2025 2:00:00 PM
From: Elroy	Read Replies (1) of 7596

Ok, but...... Venmo does instant person to person money transfers. If the world's banks were to replace SWIFT with a new more efficient transfer system, do you think they would all adopt a privately developed (and largely mined) crypto, or should all the world's banks just spend a $10 million and develop the same thing as XRP, and the new same thing would not be largely pre-mined, and the banks would own the technology and the native tokens? Outsourcing something as significant as a SWIFT replacement is a major deal. I doubt banks will make themselves dependent on an external privately created cash transfer system which is (what, 80%+???) owned by the XRP original developers. Do it yourself banks!

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