BOE chief Mark Carney is no stranger to digital assets and has now been calling for the dollar to be replaced by a ‘Green cryptocurrency’.
Of course, we are biased but anyone who knows just a little about digital assets knows XRP is the greenest crypto in terms of energy consumption.
The dollar’s influence on global financial conditions could similarly decline if a financial architecture developed around the new digital currency & it displaced the dollar’s dominance in credit markets. By reducing the influence of the US on the global financial cycle, this would help reduce the volatility of capital flows to emerging market economies. If the share of trade invoiced in a digital currency were to rise, shocks in the US would have less potent spillovers through exchange rates, and trade would become less synchronized across countries
Brad Garlinghouse said Bitcoin uses 1% of the total global energy supply, this ‘holy shit moment’ as he called it eliminates bitcoin as eco-friendly.
XRP is 1000 times cheaper than Bitcoin, 1000 times faster, in fact it beats all other digital assets in terms of energy demands and being green…
Many feel Carney will take over Christine Legarde’s old job at the IMF once his term at the BOE ends on January 31st, 2020.
However, the date of Carney’s departure could now be pushed back due to Brexit being pushed back to that specific date.
The BBC understands that Egyptian-born Dame Minouche Shafik is the current government’s favoured candidate to succeed Mark Carney when his term ends in January of next year. However, the government feels it would be inappropriate to name a successor to one of the most important economic posts in the UK before the results of the election on 12 December
The current favorite to fill Carney’s powerful shoes, Dame Shafik is the current director at the London School of Economics and political science.
Although it is unclear regarding her stance on XRP specifically, it is well known for her knowledge of AI and future Fintech innovations.
Since Carney’s warm, outspoken views of crypto as a sensible and timely replacement for regular fiat currencies, Carney’s U.N. pals now agree.
It is simply a matter of time before the next economic crisis, some say it is imminent but almost all experts agree when it hits it will be apocalyptic.
What is needed is a Global Green New Deal that combines environmental recovery, financial stability and economic justice through massive public investment in decarbonizing our energy, transportation and food systems while guaranteeing jobs for displaced workers and supporting low carbon growth paths in developing countries… through the transfer of appropriate technologies
United Nations
Far more important than finance, we face a global ecological catastrophe if we do not act fast to stop climate change and the destruction it will bring.
If currencies went digital and used XRP as a bridge, literally trillions tied up in Nostro would become available for private enterprise and investment.
We would then see a level playing field for global banking, more liquidity, waves of innovation and job creation, visionaries like Carney know this.
Former IMF head, Christine Legarde has taken over the reins at the ECB and has quite a task ahead to change its financially doomed trajectory.
Lagarde is a huge fan of the same innovations Carney says are essential for financial evolution and survival and it is likely she will tokenize the EURO.
A prolonged economic slowdown with low or even negative interest rates could wreak havoc on the sector, the consultancy said, as it faces threats from a raft of small fintech startups and bigger technology companies looking to enter banking or payment businesses. A third of banks globally are unlikely to survive a serious economic downturn and must radically revamp their business models, management consultancy McKinsey said in a report on the industry on Monday
It is generally accepted that XRP will become the new global standard currency and act as the bridge between international banking transactions.
It also stands to reason that XRP will take over SWIFT it is just a matter of time, when these factors become reality XRP will skyrocket to silly prices.
