An eminent member of the XRP community, XRP Investing, commented speculation according to which there is a large secret book XRP (XRPL). The community member also addressed theories that The XRP price Negotiate $ 1,000 on this major private book.
Overview of the great secret book
In a X postXRP Investing said that there is a secret version of the Grand Book XRP where banks move billions of dollars anonymously are not a plot. The community has noticed with confidence that besides The Public XRPLThere is a “big private book CBDC”, which, according to him, announced as the private version of the XRPL in 2021.
XRP Investing said the cryptographic company had built this private Large xrp book specifically for central banks. He said he was deprived because these banks demand confidentiality, conformity and control. This large book allows them to emit digital central bank currencies (CBDC) without exposing their data or using XRP. The member of the community added that the large private CBDC book is suitable for wholesale and detail digital currency, not to public crypto trading.
Meanwhile, he said that Ripple confirmed that this large XRP book was real and isolated from the Public XRPL. XRP Investing also noticed that XRP was not used at all on the big private book. Indeed, Ripple released A blog article in 2021, announcing the pilot phase of a private version of the large open-source XRP book.
The Crypto company said that this private version of the large XRP book will provide central banks with a secure, controlled and flexible solution for the emission and management of digital currencies.
Ripple explained that he had chosen to make this version of the XRPL Private because a central bank requires more confidentiality and control of transactions on its currency than a large public book can only offer. As such, these banks would most likely choose to create their CBDC on a large private book, which they can also operate on a large scale.
XRP price differences on both books?
XRP Investing also addressed speculation that the price of the large private XRP book is different and is negotiated at $ 1,000. He noted that they were simply rumors that the director of technology at Ripple (CTO), David Schwartzhad stopped. As such, there is officially no double price for XRP on the two books. The member of the community reiterated that the big private book does not use XRP.
He noted that this development is important because it shows that Ripple’s private XRP book is not only a clone but a real use case for XRPL technology. The community member added that this positions cryptographic society at the heart of the CBDC infrastructure, which, according to him, is optimistic. This could increase The adoption of XRP In the long term, if these banks decide to use the native token to facilitate transactions.
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