Profound and extravagant network of payment processing that right now the Federal Reserve instituted something called fednow that seems a little similar to the xrp network Ripple net is the network of xrp that’s how it works and the way it works is instead of you sending from point A to point B You send any Fiat or any crypto into the Ripple net into the network of different Financial providers including Banks MoneyGram financial institutions and then they convert any of your Fiat or crypto into any Fiat or crypto native to where it’s being sent and that is the power of Ripple net And within what I just mentioned there’s a lot of intricate details but that is the quick 60 second of it recently there is a massive lawsuit from the SEC against Ripple and the lawsuit essentially says that Ripple xrp they launched the security this lawsuit I believe is a coordinated Effort from the government to try to con control and maintain cryptocurrency and you could see that this control of cryptocurrencies currently happening with the demise of a lot of banks specifically banks that work with crypto currencies silvergate bank and Signature Bank among others it’s really disgusting what’s happening But recently there is some news about xrp the lawsuit is moving forward as planned there’s new regulation in South Korea that can actually benefit xrp if you didn’t know 90 plus percent of xrp’s business is out of the United States only a small part is in the United States and a lot of that out of the United States business is actually in Asia so this new South Korean regulation is probably going to help xrp to grow besides for the regulations of Korea I actually have a video it’s a one minute video where the chief legal Counsel of coinbase was answering a question he was being interviewed by a social influencer and he says hey would you relist xrp on coinbase and it’s a quick one minute interview I’m gonna play it in just a moment and this essentially outlines how coinbase would relist xrp again it does xrp need Coinbase no it doesn’t will it help yes tremendously because coinbase essentially is the gold standard for Central exchanges that is the first exchange that everybody goes to and then finally we have this movement of cbdc’s we have the movement of fed now instant payments and you could just see which Direction right everything is going xrp that has a you know Ripple corporation on top of it kind of makes it easier for financial institutions to work with a corporation as opposed to just take a crypto because there’s somebody some entity that can be held responsible and that can help with Transactions I know nobody wants to hear this but this decentralization of cryptocurrency is not happening centralization of cryptocurrency and I’m not saying that’s what I want I’m saying that’s where it’s going and I’m not saying that xrp is Central or decentral I’m not saying anything I’m just saying everything’s Leading towards a certain point where cryptocurrency and whatever Niche that cryptocurrency is used for needs to be integrated into the broader General market and xrp has an extremely unique case everything being used in Ripple net relies on xrp for all of the conversions and the instant finality instant payments finality for xrp Ledger Is sub five seconds transaction fees sub 1 Penny environmentally friendly scalable 1500 transactions per second and they are introducing smart contracts they do have a little bit of defy although the main gist of xrp is exactly what I just said cross-border payments in three days from now ISO 222 is going to launch which is a messaging language for cross-border payments that Swift is going to adopt and a lot of other financial institutions as I mentioned before ISO 222 is not inherent with any blockchain it can be used dapps can be built on top of your blockchain that use this Messaging language and ripple and consequently also stellar are both on the board of this ISO 222 compatibility so it’s going to be very very interesting I’m going to go over to my desk in just a moment and I’m going to show you the videos that I was Talking about I started a series where I buy 50 a day DCA into various different cryptocurrency projects I have bought xrp in this DCA series and I’m on a path I’m on a road I’m honed and pinpointed to get to a one million dollar cryptocurrency portfolio and in doing so I DCA today I will be buying 50 worth of xrp because of what’s happening with the economy because of what’s happening with financial institutions I believe xrp should be in everybody’s portfolio whether xrp wins or loses this next lawsuit should not really affect it too much if They win fantastic they grow in the United States market and they could expand exponentially essentially the US market is probably as big as the entire Market that they have right now even though 90 of their work is outside of the US market xrp is not sold on coinbase I use kucoin If you want a link to kucoin I have it down below in the description easy to buy I buy all my cryptocurrencies pretty much for this series Uncle coin and if you want to support the channel three dollars a month I have Channel membership the link is down below to Channel membership I would definitely greatly appreciate it let me go over my desk and play this really really cool interview from coinbase legal counsel so let’s say in the scenario the the ruling from the judges in favor of Ripple will coinbase then say make the assessment You know what it looks like uh things are moving in the direction of xrp and ripple and so forth re-list xrp or a restart training it’s possible um it would all of course depend upon the basis for the ruling um the judge’s legal reasoning our assessment of whether or not an appeals Court would affirm that decision so A lot’s going to depend on the the particulars of how that court rules I know that’s not going to be terribly satisfying to some um but you know we do have a responsibility as a publicly listed company to to to to tread carefully Um in this area and and with respect to any token that’s the subject of federal court litigation but I’m very very eager as much as anyone else to see how the court rules and um what I can say is uh as soon as we have that ruling uh we Will we will put it into our process to see if of if we need to revisit our listing decision besides for that amazing interview shout out shout out to The Host this is a story from South Korea Ripple here’s how xrp might benefit from South Korea’s incoming regulatory guidelines xrp is the sixth Largest cryptocurrency by market capitalization and might stand to gain from South Korea’s incoming regulatory clarity ninety percent of Ripple’s business according to Raul advani director of policy for APAC region is conducted outside of the United States with a sizable Chunk in Asia specifically South Korea the demand for Speedy settlements and Immediate access to funds has led to a growth in the use of Ripple remittances particularly the on-demand liquidity service that uses xrp in the APAC region recently the Financial Service Commission of South Korea published rules for identifying which digital assets would be designated security tokens and hence come under regulatory Applications to financial scrutiny to financial securities and a strong step towards providing such regulatory Clarity digital assets would be classified as Securities or stos if they provide investors a stake in the running of the company Grant investors the right to dividends or residual property or make sure the issuer attributes profits Generated from the business to investors after being approved by the South Korean Parliament the necessary revisions to the capital markets act to recognize stos are anticipated to be finalized in the first half of 2023 free and implemented in 24 and this explains how xrp stands to gain from the regulatory Clarity the upcoming digital assets basic act which is presently being evaluated by the South Korean National Assembly will regulate digital assets that do not fall within the definition of the SEO such as payment tokens being a payment token the xrp might not be considered a security token or be Subject to the Future digital asset basic act as I said xrp has a lot of things going for it and although the market cap is already really really big it’s kind of like investing into Bitcoin now I’m not comparing Bitcoin to xrp but what I’m saying is you’re investing into Bitcoin even though the market cap is so big well xrp has an extremely unique use case and as xrp can be relisted on coinbase as xrp can Coast on The Regulators it’s funny that I’m saying this outside the borders of the United States xrp has a lot of value and Although the market cap is already really high it definitely has a lot of more room to grow and if you want a utility-based cryptocurrency then xrb can be definitely a play for you I’m going to show you how I buy it on kucoin if you want a link it’s down in the Description this is cool coin right here click the little trade click spot trading it’s going to bring you over here over here in the top left hand side instead of BTC click on it and click X xrp click xrp usdt click xrp usdt over here on the bottom right click market And press how much you want to buy I’m gonna buy fifty dollars because that’s my BCA and boom bought myself xrp Ripple guys I want to tell you one thing and seriously keep it clean in between because hygiene is very important and I’ll see you on the next one [Laughter] I JUST BOUGHT 136 XRP COINS! XRP COINBASE RELISITNG! I WILL BE A CRYPTO MILLIONAIRE! let me explain USEFUL LINKS: Please join the Discord: https://discord.gg/K67PAbcc9B KUCOIN EXCHANGE: https://www.kucoin.com/r/af/rJZTYYF BINANCE US: binance.pxf.io/AoxMmD BYBIT EXCHANGE: :bybit.pxf.io/15nd1B GEMINI EXCHANGE: :gemini.sjv.io/a1vAyb KRAKEN EXCHANGE: kraken.pxf.io/gbMXD0 M1 FINANCE LINK: m1finance.8bxp97.net/TeamADAMBERGMAN CANVA LINK: partner.canva.com/oemLLW Please enjoy 15% off CRYPTOFORCHANGE APPAREL: https://www.etsy.com/shop/CRYPTOFORCHANGE?coupon=TEAMADAMBERGMAN Visit any one of my 5 channels: CRYPTO CHANNEL #1 : https://www.youtube.com/c/TheAdamBergmanShow_is_for_me CRYPTO CHANNEL #2: https://www.youtube.com/channel/UCurtEn9rkb-9s93YtKqQkNQ STOCK CHANNEL: https://www.youtube.com/c/ADAMBERGMANSMONEYMAKERS REAL ESTATE CHANNEL: https://www.youtube.com/c/ADAMBERGMANSREALESTATETIME PASSIVE INCOME/SIDE HUSTLE CHANNEL: https://www.youtube.com/channel/UCfoj0aEg3lYnxkofpHdznfA #xrp #xrpnews #xrpripple I am not a PROFESSIONAL nothing I say is advice.I am just an entertainer and educated myself.Im learning and am in no way teaching or advising.SEEK professional help if you want advice as this is just for entertainment purposes.Nothing I state or express should be considered professional advice.This channel is intended for educational and entertainment purposes only.All content contained within is just my own opinion and experience.
I do not advise that you buy sell trade or hold any digital asset of any kind.
You should always consult with your own finical advisor before making any investment decisions source.
