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by tal8d 1956 days ago
> To be completely clear, not all of today’s cryptocurrencies will be supported on our network ... What are we looking for?

> ...privacy and security of consumers’ information — the same level of security people have come to expect in their credit cards.

Well that is a low bar, so OK.

> ...strict compliance protocols will be needed, including Know Your Customer...

Woops, suddenly we aren't talking about a currency - we're talking about another licensed money transmitter.

> To reach our network, crypto assets will need to offer the stability people need in a vehicle for spending, not investment.

So some kind of pre-mined and centralized token system... hmmm, I wonder which poison pill they're talking about... could it be anything besides ripple?

3 comments

One wouldn’t expect them to use Ripple, given the current SEC investigation.

It could be Stellar XLM, but I haven’t heard any specifics in Stellar groups.

lol, it is oddly comforting to take a break for a few years and then come back to find that ripple is still the Wile E. Coyote of the space. Fingers crossed for some kind of Frankenstein ZuckBuck.
Definitely a stablecoin, perhaps USDC
mastercard stablecoin