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This is when I'll be forced to abandon my #XRP/#XLM thesis...
Commercial Banks, Institutions and Corporations are relatively easy to on-board into new financial technologies. Their business models are for-profit, their systems are for-profit. Whatever makes sense to bring more profit, they will adopt assuming they're legally allowed to do so. Such Institutions generally operate cross-border with shallow allegiance to the nation in which may hold their head office. They're flexible and adaptive amongst themselves because they handle the risk to their bottom line.
But Central Banks are far different. Central Banks do not seek profit. They have very little room for flexibility. Their parameters for operating are rigid. They act based on multinational agreements, decades apart. They adapt and change infrequently. But we are in a season of change now. And while we see much advancement in Commercial side, Central Banks have yet to make their move. They are confined to clearing houses, RTGS interlinking, correspondent banking and FX markets. Central Banks require liquid currency markets to manage sovereign value transfer and wholesale settlement.
Since we're in a season of change, it is my conclusion that the existence of global reserve currencies with ties to nation-states will soon fade away. The world will not accept a repackaged national reserve currency in digital form. The only way to solve Triffins Dilemma and propel the world into the future is by introducing a super-sovereign currency that can feed the liquidity needs of the currency markets.
The problem and solution have been identified. And until I see a more fitting solution taking hold and nations aligning towards it, I see XRP and XLMs ultimate use cases still unrealized.
PS: Why I stay a duel XRP/XLM maxi is because the idea of complete reliance on a single ledger to provide liquidity for all currency markets is neither wise nor safe. Parallel redundancy is needed in the event one fails/glitches/bugs so that markets and in turn nations, have minimal disruption.



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