🤑 Why does Ripple’s relationship with the BIS matter?
📝 This Fordham document says it plainly:
❗️That placed Ripple inside the group whose standards central banks already follow.
🔜 There is a second, current connection.
Mojaloop Foundation, whose core software runs on Ripple’s Interledger Protocol, sits on the latest BIS Committee on Payments and Market Infrastructures list.
🎯 These connections indicate that one of the world’s most respected banking institutions is already familiar with Ripple’s technology.
As the BIS shapes the future of banking with new systems, they are more likely to draw on technology it already knows. 🚀
#Stellar
@QSIMedia
📝 This Fordham document says it plainly:
Only the BIS has the intellectual resources to study and solve international banking problems in a careful way.
Only the BIS output is being adopted in the world’s banking centers.
The BIS has even been proposed as a world senior financial regulator.
Ripple previously held a seat on the BIS payments taskforce that works on cross-border systems. 💸
❗️That placed Ripple inside the group whose standards central banks already follow.
🔜 There is a second, current connection.
Mojaloop Foundation, whose core software runs on Ripple’s Interledger Protocol, sits on the latest BIS Committee on Payments and Market Infrastructures list.
🎯 These connections indicate that one of the world’s most respected banking institutions is already familiar with Ripple’s technology.
As the BIS shapes the future of banking with new systems, they are more likely to draw on technology it already knows. 🚀
#Stellar
@QSIMedia