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XRP EDWARD SNOWDEN NO ONE WILL BE ABLE TO BUY XRP AFTER THIS! | XRP NEWS TODAY! - YouTube
Channel: XRP Daily
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is edward snowden warning xrp holders
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what does this mean is ripple not the
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cryptocurrency people should be going
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for well keep on watching this video to
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find out more so that you don't miss out
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on an excellent opportunity to win a
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giveaway of 25 xrp tokens at the end of
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this month hey guys welcome back to xrp
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daily the best spot for your daily dose
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of everything xrpn cryptocurrency in
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today's video we will talk about xrp and
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what edward snowden thinks of
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cryptocurrencies and warns xrp holders
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so be sure to stay focused if you are
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new to the channel be sure to subscribe
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to the channel and turn on post
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notifications by hitting the bell so you
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never miss any of our uploads and also
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enter our giveaway now with the intro
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out of the way let's get into our topic
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for today edward snowden became known in
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2013 when he leaked highly classified
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information uncovering numerous global
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surveillance programs warned about the
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dangers of cbdc's
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former cia and nsa subcontractor and
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whistleblower edward snowden who
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recently published an opinion article
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concerning central bank digital
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currencies or cbdc's continued to
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discuss the danger behind their adoption
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on twitter
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according to the famous privacy advocate
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cbdc's are the newest danger cresting
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the public horizon designed to usher the
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state's ultimate financial control
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while ironically commenting on dr eswar
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prasad's opinion piece published in the
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new york times in july 2021 in which the
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professor of trade policy at cornell
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university presented the so-called
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digital dollar in a positive light
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snowden said that the fed could use
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cbdc's for casually annihilating the
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savings of every wage worker in the
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country if they don't spend them fast
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enough
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most of your money exists not as
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something folded in your wallet but as
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an entry in a bank's database faithfully
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requested and rendered beneath the glass
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of your phone if someone else gets to
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decide if and how you can spend it is it
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yours wrote the famous whistleblower in
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his opinion piece published on the 9th
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of october while pointing out that the
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adoption of cbdc proposes a direct
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threat to financial independence and
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freedom
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snowden who was known to be a fan of
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decentralized cryptocurrencies such as
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bitcoin warned that those should not be
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confused or compared to cbdc's which are
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according to him here to ransom our
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future instead a cbdc is something
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closer to being a perversion of
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cryptocurrency or at least of the
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founding principles and protocols of
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cryptocurrency a crypto fascist currency
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entered into the ledgers on opposite day
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expressly designed to deny its users the
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basic ownership of their money and to
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install the state at the mediating
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center of every transaction he wrote
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edward snowden's revelations became an
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international issue that strained
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relations between the world's
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governments today snowden is living in
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moscow russia under temporary asylum the
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exact place where snowden is living has
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not been revealed for his safety edward
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snowden is a bitcoin and cryptocurrency
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enthusiast but stated multiple times
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that cryptocurrencies are not as secure
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and private as mass media often tries to
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frame it according to a leak by framed
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whistleblower edward snowden the nsa is
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reportedly monitoring the bitcoin
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blockchain to identify users on the
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distributed network according to the
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report the nsa has been monitoring the
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internet activities of bitcoin users
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since 2013 through a program with the
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code name oak star and yet the new leak
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suggested that with moneyrocket which is
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another subprogram under oakstar the nsa
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may be moving closer to pinpoint users
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who initiate a cryptocurrency
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transaction
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snowden's twitter post comes after
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stories in recent days about the biden
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administration's six trillion dollar
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stimulus measures to bring back a better
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america
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six trillion dollars this is good for
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bitcoin said snowden with all that said
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ripple xrp is one of the most recognized
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yet most controversial cryptos in the
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market this is due to a combination of
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its use case in banking and ambiguity as
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to whether it is a secure platform or
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not
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the controversies around its
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relationship with ripple are so huge
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that it came under the radar of the u.s
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securities and exchange commission
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xrp trading volume soared to 4.4 billion
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dollars in quarter two xrp is the sixth
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largest cryptocurrency by market
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capitalization it recorded a massive
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spike in trading volume in quarter two
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this year climbing to over 4.4 billion
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dollars comparatively its trading volume
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in quarter one was 2.2 billion a 98
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increase in the second quarter and
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you'll be surprised to know that xrp
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remains one of the largest
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cryptocurrencies by market cap even
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after going through all of the hurdles
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of an sec lawsuit in fact in early april
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2021 xrp rallied rocketing past the
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dollar mark and almost hitting two
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dollars for the first time since 2018.
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furthermore the ex-nsa consultant and
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whistleblower edward snowden has called
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a cbdc a crypto-fascist currency mainly
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designed to deny people the primary
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ownership of their money in a tweet
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snowden said the cbdc would put the
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state at the center of every transaction
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in disagreement with the founding
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principles and protocols of the virtual
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currency the cryptocurrency was
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developed as a decentralized currency
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free from the control of any single
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authority it was designed to remove
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financial institutions like banks from
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the process of trading and investment
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while cryptocurrency has made rapid
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gains this year some people are still in
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doubt due to an absence of an underlying
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asset or government backing many
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governments are moving cautiously to
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give it the status of a legal tender
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they say they are studying the evolving
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technology and developing their cbdc
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which a sovereign guarantee will back
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snowden said a cbdc is a perversion of
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cryptocurrency or at least the founding
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principles and protocols of it a crypto
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fascist currency expressly designed to
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deny you the basic ownership of your
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money by installing the state at the
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center of every transaction the tweet
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shared a link to snowden's newsletter
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titled your money and your life he
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opened strongly against the potential
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use cases of cbdc's including the belief
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that a cbdc will be the representation
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of the digital dollar snowden said
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rather i will tell you what a cbdc is
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not it is not as wikipedia might tell
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you a digital dollar after all most
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dollars are already digital existing not
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as something folded in your wallet but
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as an entry in a bank's database
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faithfully requested and rendered
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beneath the glass of your phone moreover
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snowden who now resides in russia after
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leaking the nsa data to the media and
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escaping from the us has criticized and
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appreciated cryptocurrency
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so is xrp a good investment now
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xrp remains a good crypto investment as
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major financial institutions are
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adopting ripple when a product adoption
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rate is high it means the value of an
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asset will grow hence xrp is an
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excellent choice for thematic investors
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who buy digital currencies based on a
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top-down investment approach to
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diversify their portfolios
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xrp's low price has opened up an
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affordable entry and investment
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opportunity with higher returns in
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addition the use of xrp across the
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ripple network for ultra quick currency
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transfers at a lower fee further
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strengthens its position the vast
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acceptance of ripple net at over 100
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multinational banks increasingly proves
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its credibility there has been much
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controversy about the lawsuit focusing
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on whether xrp is a security or simply a
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cryptocurrency as the sec alleges if it
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is a security then it must be registered
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with them as one the sec has never
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classified the top two cryptocurrencies
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bitcoin and ether as securities however
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they are decentralized and not owned by
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one entity this is not the case with xrp
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to draw a brief conclusion edward
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snowden has a somewhat optimistic
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opinion of cryptocurrency as a
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phenomenon according to snowden other
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cryptocurrencies which appear to be more
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suitable for payment solutions because
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of transparency security and transaction
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speed like xrp can experience a
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substantial boom in the next few years
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however according to snowden bitcoin
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should make every effort to develop if
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its creators want to call their
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brainchild a global benchmark xrp is one
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of the most commonly utilized
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cryptocurrencies for payments outside of
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bitcoin and ethereum so it's logical
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since it's convenient for payments xrp
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allows you to send money almost
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instantly and at practically no cost
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well guys that's all we have for you
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today what are your thoughts on this is
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snowden right get involved and let us
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know in the comments down below if you
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guys like this video then be sure to
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