💢 BRILLIANT add to the conversation regarding money moving in digital currency. You'll want to save this for your understanding. This is from Gary, Admin Extraordinaire 6.21.24
💢Gary: XRP will be the bridge that money is transferred with. You just won’t see it. Right now we send money by CashApp, or Venmo, or GoFundMe. How does my money reach you using these apps? They use what’s called a bridge to transfer those funds. XRP=BRIDGE. That’s how XRP will be involved.
You will never see it. Money is transferred between your same-bank accounts by a ledger. The QFS is a ledger for your new funds. Moving money from bank to bank, like your QFS account to your Chase account will use XRP to make that move.
When that time comes, only banks will have XRP. Our profits will come from the sale of our XRP to those banks. When you currently use your debit or credit cards to purchase something and they use Stripe, or Applepay, they swipe your card. Those types of bridges will be XLM, so I’m told. Hope that helps.
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