Reported about 4 hours ago
Ripple expresses support for a 'skinny' Federal Reserve payments account tailored for non-banks, which could potentially enhance financial efficiency while addressing traditional banks' worries about competition and stability risks. Chief legal officer Stu Alderoty believes this concept can offer banks some reassurance while allowing Ripple to access Fed payments directly, improving transaction speeds for its dollar-pegged digital currency, RLUSD. Although the proposal remains in prototype stages, it may change depending on ongoing discussions with banking institutions.
Source: YAHOO