ECB

The Meaning of Christine Lagarde’s Prisoner Video

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Stay locked in Patriots

Lagarde has a bandage on her face. The wired microphone is not tucked inside her shirt but hangs awkwardly in plain view. Around her neck is a pearl necklace with 17 beads. On the table is an owl sculpture. The camera zooms in on her face as if inspecting and displaying it. She reads from … Read more

XRP Ledger and Birth of Institutional Stablecoins

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XRP Ledger

In 2019 I sat in a closed meeting in London that I will never forget. It was held in a private consultation room at the Bank of England’s Threadneedle Street complex. Present were senior representatives from Barclays, Santander, Deutsche Bank, BNP Paribas, and a policy advisor from the ECB’s Directorate General for Market Infrastructure. Ripple’s … Read more