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During the 2008 financial crisis, the UN and china were pushing for an SDR bail out. The special drawing right is world money it’s a basket of currencies by the largest economies and when nations need to be bailed out the SDR is another layer of debt that will provide liquidity under a crisis scenario. Janet Yellen has recently gave her support for 650 billion in SDRS.

Ripple and Ant Financial were part of the IMFS advisory board for digital currencies. Ripple has acquired 40% of a company in the asean region called “tranglo” and is now a ODL partner.
Tranglo was announced in nov 2019 as a ripplenet customer and has reach to 18 countries including China, India, Singapore and the Philippines.
Tranglo is partnered with transferwise, Alipay, and wechat pay. “As part of the partnership, Tranglo will facilitate seamless cross-border remittances to users of Alipay”
“Alipay and Finablr, a partner of the blockchain-based payments platform Ripple, will also work on digital gifting and driving efficiencies together through the Alipay Blockchain Information System.”

Alipay tried to purchase money gram and the president of the US intervened? US Presidents don’t just intervene in remittance business. So, what’s happening here? It’s a chess board, the IMFS sdr IS KEY. China and The USA know we are going to be bailed out by the IMF at one point and the alliances and partnerships that are made will determine who uses the payment networks, there is a war for the high ground.

Payment networks today are walled gardens, US Presidents are interfering because data is the new oil. The walled gardens need to be under the jurisdiction of the nations that use the walled gardens. I

The IMFS advisory board that included ripple and ant financial were working on derisking, when a sudden network of correspondent banking relationships collapse around the world. The underdeveloped nations no longer have a relationship with developed nations. The g7 currencies have clearinghouses between fiat that has demand like the USD and the Chinese renambi. But what about the exotic currencies? How do these nations survive when the banking relationships shut down? There is a reason ripple has been focused on exotic corridors. I believe the the g7 nations will have clearinghouses for dominant currencies and xrp will bridge exotic currency to the dominant currencies, SDRS to undeveloped nations.

The dollar is going to lose reserve status and will be replaced with the SDR. The spending is getting out of hand and the inflation narrative is present. THIS IS INTENTIONAL. The g7 currencies will be walled gardens in a basket and to reach the developing nations the neutral bridge asset is key.

Layers upon layers of distributed and permissioned ledgers that act as a nation infrastructure. Secure systems That has critical information available on the web but impossible to hack. The new infrastructure has been built and it’s distributed. Tokenized assets, cash, valuables will be hosted on the web and accepted in these walled gardens. In this world there is enormous opportunity for the neutral bridge asset as well as other cryptos.

The US is going to have a sovereign debt crisis and the IMF is going to issue SDRs to aid in liquidity. We are starting to see this happen with Yellen. correspondent banking in exotic currencies is shutting down due to cost. What if there is a way for the sdr to reach these exotic corridors? It’s clear that the folks at the IMF and World Economic Forum are fond of Ripple. What if there is a plan during the next crisis? cardano vechain bitcoin xrp news today