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This Is INSANE, XRP In Escrow WILL NOT BE BURNED!? This IS ACTUALLY GOOD! [I'm SHOCKED] - YouTube
Channel: 24hrsCrypto
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lawsuit i think it's misguided in fact the聽
united states is the only country on the planet
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the idea that xrp is a security and has been聽
trained out there for eight years you know it's聽聽
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kind of like if it was a security i guess聽
we should have known that a long time ago聽聽
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so for people to really think about how to聽
use technology how to kind of think about聽聽
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kind of out-of-the-box approaches to聽
investments and really it's not just about聽聽
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it's not just about assessing value it's creating聽
value and again really being able to understand聽聽
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how these kind of exotic investments work whether聽
it is crypto whether it is thinking about getting聽聽
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into whether it's the metaverse et cetera these聽
pre-ipo opportunities i mean the time is now聽聽
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the absolute time is now welcome back ladies聽
and gentlemen to another episode three hours聽聽
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and quick balance thank you all my subscribers聽
for comments like i do appreciate every single聽聽
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one of you guys if your new channel gonna hit聽
that subscribe button on post notification we are聽聽
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giving away one thousand xrp until we reach sixty聽
thousand subscribers ten like subscribers are each聽聽
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going 100 xrp let's get right in today's episode聽
ladies and gentlemen grab the popcorn cause today聽聽
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i'm gonna go ahead and read out some pointers from聽
david schwartz okay that are gonna completely have聽聽
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you thinking and as i read this i want all you聽
guys to really think outside the box and think聽聽
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about all the math that we do and the way it's聽
all worded and the justification is just there聽聽
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but the vision that we have and david schwartz聽
has and the company the ripple's vision we all聽聽
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understand what's coming and one thing and i want聽
everyone's thoughts on this please and thank you聽聽
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they all see it right they all see these videos聽
of the 100 xrp 10 dollar xrp that thirty seven聽聽
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thousand five hundred dollar except it's funny聽
guys is it ken thirty seven thousand dollar xfp聽聽
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can it happen yes it can happen there there's you聽
can't say no to anything okay bitcoin went from聽聽
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zero to sixty nine 000 okay but about the聽
circulating supply that's where you guys are聽聽
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gonna get confused but today's video you guys are聽
gonna really think about what's happening here but聽聽
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what i was saying is don't you think that by聽
now there would have been someone that came out聽聽
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and actually put out a good solid justified聽
video of how and why xrp cannot reach a thousand聽聽
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dollars or ten thousand dollars or a hundred聽
dollars or fifty dollars or even ten dollars聽聽
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right and no one's stopping for anybody doing聽
that if somebody really saw that xrp can't聽聽
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go to 10 20 30 40 100 500 600 700 there would聽
be a video on it but there just isn't because聽聽
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mathematically mathematically you can't go around聽
it whatever avenue you go on you're gonna be wrong聽聽
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you're going to see the scalability of the ripple聽
network and what xrp has to do to xrp has to scale聽聽
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right but ladies and gentlemen let's get into聽
today's episode it's going to completely have you聽聽
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thinking and really seeing how big this is gonna聽
get where to a point i am even bookmarking these聽聽
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uh on my computer and ladies and gentlemen females聽
get ready because it's coming as you guys heard聽聽
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rosie rios the time is now these are the聽
investments okay that are taking place聽聽
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that are going to be completely wealth聽
transferring in the near future and let's聽聽
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get right into the bullish statement so the聽
question was if a bank uses its own token聽聽
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on the ripple network versus xrp will xrp play聽
any type of role in this type of transaction聽聽
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will these transactions be exchanged into xrp at聽
some point or will xrp have nothing to do with it聽聽
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and take a listen to this folks very i want聽
you guys to all think put on your thinking caps聽聽
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okay some other assets will play a role it won't聽
necessarily be xrp but there are good reasons to聽聽
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think it would be why would another asset play a聽
role imagine if i receive a million dollar payment聽聽
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from a bank in thailand and then i want to聽
wire that million dollars over a conventional聽聽
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us domestic payment system what does my bank do聽
with the thai banks token banks tokens can be used聽聽
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for payment and netting but they can't be used to聽
settle without millions of dollars being invested聽聽
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with no way to make revenue from that investment聽
we can be pretty sure banks aren't going to do聽聽
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this because they haven't done it you don't need聽
a blockchain or ripple to have a private token聽聽
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so why might xrp be the universal settlement聽
asset or at least capture a significant amount聽聽
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of the market well first why a settlement聽
asset at all because it concentrates liquidity聽聽
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this is why many international payments today go聽
through us dollars if you're going from singapore聽聽
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dollars to thai bot there's usually not enough聽
direct liquidity so you go through an intermediary聽聽
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and second why a digital asset rather than using聽
dollars because digital assets are universal聽聽
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anyone anywhere can hold xrp bitcoin or ethereum聽
and it's the exact same asset everyone else is聽聽
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holding they can transfer them anywhere in the聽
world in a short period of time they don't require聽聽
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a counterparty to hold them and they can't be聽
debased by any one government so lastly why xrp聽聽
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again several reasons xrp has a decent amount聽
of liquidity already beaten only by two or three聽聽
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others it provides full confirmation much faster聽
than any other major asset it supports much higher聽聽
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transaction rates than any other such asset it has聽
features such as a ledger escrow payment channel聽聽
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key rotation and managed multisign that optimize聽
it for this exact use case but most importantly it聽聽
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has ripple the company ripple holds more than聽
60 billion xrp so ripple can justify spending聽聽
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millions of dollars incentivizing institutions聽
and traders to make the pools of liquidity needed聽聽
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ripple is also committed to continuing to聽
innovate and deliver to keep xrp positioned聽聽
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specifically for this use case nobody is doing聽
that for any other asset so think about it this聽聽
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way so he is saying from us to thai okay let's聽
put it this way if we're gonna go from bitcoin聽聽
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to us bitcoin to uh thai we're still gonna聽
need something in the middle a universal聽聽
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settlement asset in the middle right so聽
what would happen ladies and gentlemen聽聽
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is bitcoin xrp xrp vice versa to usd right so聽
any other asset will still be leveraging the聽聽
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liquidity that's created by xrp and the value of聽
xrp and take a listen to this one this one had me聽聽
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i read this so many times i can't聽
believe i'm only seeing this now聽聽
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but this makes so much sense ladies and gentlemen聽
okay take a listen to this october 5th 2017聽聽
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david schwartz ripple's targeted use case聽
for xrp is settling international payments聽聽
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this will require a significant expenditure聽
of money to make it happen a key reason nobody聽聽
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has done something similar to date is simply聽
that there was no good way to make money at it聽聽
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because ripple holds so much xrp ripple can聽
capture a significant fraction of the value of any聽聽
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future increases in the price of xrp this gives聽
ripple a revenue model to justify the expenditures聽聽
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needed to position xrp as a settlement asset聽
and ladies and gentlemen take a listen to this聽聽
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ripples 60 plus billion okay so keep in mind聽
ripple's escrow is less than 50 billion now聽聽
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so at the time of writing uh it's we're going to聽
update this so ripples uh less than 50 billion聽聽
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xrp is ripple secret sauce the thing it has聽
that its competitors don't have that will聽聽
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allow it to spend tens of millions of dollars and聽
attract top talent to build high speed low cost聽聽
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cross currency settlement system and ladies聽
and gentlemen that is absolutely insane so聽聽
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they could just never ever touch the escrow and in聽
my opinion let me know what you guys think imagine聽聽
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the escrow was used as collateral and before聽
you guys say oh there's going to be you know聽聽
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just a private ledger for cbdc's and you know聽
jump to all these guns ladies and gentlemen聽聽
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nothing is set in stone yet you could still have聽
a private ledger but there you're not going to聽聽
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have two different values in xrp that is just聽
not how it's gonna work xrp is gonna be x or p聽聽
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one x or p is gonna be equal to one x or p if x聽
or p was gonna be valued at two different xrps聽聽
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then why don't we just go ahead and make xrp one聽
two three four five and just keep making different聽聽
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xrps but ladies and gentlemen we're talking about聽
a multi-trillion dollar company here this is not聽聽
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something small as you guys heard rosie rio is聽
in the beginning like she's a part of this the聽聽
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the talent that's in ripple and聽
the talent that we're attracting聽聽
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that's coming on board just take like let that聽
sink in ladies and gentlemen that is absolutely聽聽
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massive but with that being said let me know聽
what you guys think in the comments down below聽聽
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but this is gonna be one hell of a ride ladies and聽
gentlemen i am so excited for the xrp community聽聽
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and even the crypto community right now as聽
a whole but the xrp community is gonna be聽聽
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just something else very soon it is going to聽
be insane folks with that being said let me聽聽
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know what you guys think in the comments down聽
below this is very bullish this is very bullish聽聽
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um that being said we'll be back with another we聽
started building ripple net with the thesis that聽聽
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crypto liquidity would eventually be able to聽
support robust global payments large payments聽聽
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ripple net was designed so that customers seeing聽
the benefits of our fiat based network could flip聽聽
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the switch to odl once the market was mature聽
enough and this is exactly what's happening
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flip the switch
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and now a word from our聽
sponsors but i like hamburgers聽聽
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you know i like hamburgers and chicken wings
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