Until this morning, few people knew that Ripple would host a private summit of central bank officials at Carnegie Hall in New York City. It’s hard to believe Ripple news of that magnitude can fly beneath the radar, but that’s what happened.

If you believe that blockchain technology means the end of traditional banking (as many cryptocurrency fanatics do), then this news is meaningless.

Who cares if Ripple wins the trust of central banks? They’re toast anyways.

However, if you don’t believe the global financial system will melt away before.

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