As a worldwide liquidity crisis threatens the foundation of fiat currency, all eyes are on the World Reserve currency, the US dollar. Today we are going to take a look at a bombshell connection between The Federal Reserves “FedNow” initiative and a handful of key firms that are pulling the strings. LET’S GET IT!

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Insert clip 3:00-3:06 (video clip) after “There is a killer on the loose”

There is a killer on the loose. A crypto killer. This one has been training for years. Waiting in the shadows of the deep state to pounce. Fednow has been hailed as a “crypto killer” by some and a CBDC by others, but in reality it’s neither. The flow of money needs an upgrade, to become faster and more agile in a fast-changing world, and Ripple, a blockchain company founded in 2012, is directly connected to many pieces of the Fednow mystery. For years we have seen Ripple building relationships with governments and institutions with a focus in on-demand liquidity, or ODL. ODL is a shadow empire and wasn’t really discussed in financial news until the arrival of record money printing in 2008, emergency relief funds, Hundreds of billions spent on the war in Ukraine, UN countries hoisting energy markets up in western Europe, and numerous IMF bailouts for countries like Sri Lanka that have been cast into civil unrest primarily over the cost of living and currency collapse. Speed and liquidity of cash has become a necessity for countries across the world.

Use 00:05-00:08 for “Sri Lanka part ((4374) Sri Lanka: thousands of protesters storm president’s official residence – YouTube)

Swift currently handles over half of the world’s high value cross border transactions, but has run into issues with high fees, speed, and lacks transparency on how much money will actually arrive at the other end. It also does not perform clearing or settlement services, which adds to the time delay that banks and customers experience. This outdated system has created a bottleneck within world markets and a Ripple effect that is felt profoundly in a digital economy. One of the key upgrades we have seen coming from Swift is the implementation of ISO 20022, a standard for exchanging electronic messages between financial institutions. Today, everything is expected to be lightning fast, and Ripple potentially has found a multi-trillion dollar problem to solve.

The payments program “Fednow” is tapping 91 different firms for payment processing and many openly use the blockchain tech of Ripple to give a dynamic facelift to the existing financial system. The most fascinating part of this seemingly standard upgrade is what you will find under the hood of this new machine.  An array of partnerships between Ripple and companies like Volante, Fidelity Instant Payment Services, Euronet, Finastra, and Cross River have been chosen by the federal reserve to put this plan into action. This web of connections dates back to 2014 when Crossriver partnered with Ripple, and now they all find themselves in a select group chosen to roll out the Fednow program. Volante and Ripple began building the Volpay Ripple integration in late 2015 which allows banks, treasuries, and payment platforms to send cross border payments instantly through Ripple’s blockchain based global payments network. The US dollar will be used in Fednow settlements, and these partners will utilize Ripple’s blockchain technology to settle transactions in real time.  The aim is to supercharge the speed of money and provide instant settled funds by combining the power of blockchain with existing clearing houses, and the banking infrastructure.

These firms are bringing the speed of the Ripple ledger to the Federal Reserve in a veiled CBDC type fashion, but Fednow is far from the CBDC markets have been anticipating. A true CBDC is a direct liability to the central bank that requires congressional approval; this has been estimated to take at least five years to develop and is still years out for the US. Instead, Fednow is a payments processor with focus on settling payments within the US market and will serve as a testing ground for the Fedwire program, which is coming in 2025 for international settlements. What we see taking place is a layering of on and off ramps for the government to use as entry points for ledger technology. Fednow is the first major step to actually begin this roll out in the US which is still, by far, the largest economy.

As Fednow prepares to roll out, Ripple still finds itself in a long standing and hotly contested lawsuit from the SEC, but this timing begins to make sense as you dig deeper into statements like what was said by the Faster Payments Task Force working with Ripple in 2017. “The legal status of a blockchain transaction has not yet, as far as I know, been ruled on by a court of law.  Until there is a challenge by an aggrieved party and a court rules in Ripples favor this remains an unsettled issue” Could this lawsuit be timed to provide clarity right before a public launch of Fednow? If not, why would the program be able to move forward with Ripple connected in any way? (00:50-00:55) spidermen pointing clip

As the White House works on the action plan in response to Uncle Joe’s recent Executive Order on Cryptocurrency Regulation framework, stablecoins and mixers have so far been the main targets of policy makers.  It’s not all bad for crypto in these conversations it seems, as a recent briefing from white house officials suggests “Some digital assets could help facilitate faster payments and make financial services more accessible, but more work is needed to ensure they truly benefit underserved consumers and do not lead to predatory financial practices.” While the average American runs and hides from crypto in this bear market, the government is courting a handful of crypto firms to rise into mainstream adoption. A new age of money is emerging, ISO 20022 will be fully integrated by the Federal Reserve in March 2025, and Fedwire will also go active for cross border global payments in March, 2025 creating a potential perfect storm for the next bull run.

Things are clearly bearish across the board for risk on assets at this exact moment in time, but major shifts in the financial landscape are happening right beneath our feet and Ripple stands to be an unspoken centerpiece for this massive financial upheaval. Reading between the lines on these connections will help the savvy investor position themselves correctly ahead of this shift in money. As of now the use of XRP within this new system remains unclear, but if Ripple can grasp operations with Domestic and international US payments there is no telling what this token is capable of.  If you’ve been stacking XRP or other ISO tokens in this recent crash, make sure to Check out our Ledger Deal to secure your crypto and you better have some popcorn ready for the future of blockchain, because it’s going to be one heck of a show.  That’s all I got. Be blessed. Bitboy out!