Once the Ponzi scheme of Tether is revealed, all cryptos will be essentially worthless. If you don’t know about Tether you better educate yourself very, very quickly.
Yeah, I expect others to delist it. Coinbase did it long ago. I think they want to eventually lock out the public because they really only want banks to use it.
Kind of like what they did with gold back in the day.
Executive Order 6102 required all persons to deliver on or before May 1, 1933, (33 is the magic number) all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve in exchange for $20.67 (equivalent to $433 (33 is the magic number) in 2021)[5] per troy ounce. Under the Trading with the Enemy Act of 1917, as amended by the recently passed Emergency Banking Act of March 9, 1933 (33 is the magic number), a violation of the order was punishable by fine up to $10,000 (equivalent to $209,000 in 2021),[5] up to ten years in prison, or both.
I like Gemini because it is located in USA and subject to New York financial laws. Foreign exchanges with no oversight scare the hell out of me. Happy hunting!
I mean, I would hold on an exchange anyway, i’d hold on a ledger or something.
XRP is recognized internationally, America is the only hold out due to the Ripple vs SEC.
But if Ripple wins their case XRP will be the first crypto with legal clarity.
Besides we’re you worried about laws when you bought your bitcoin?
When I bought my Bitcoin I had to make a deal on local bitcoins with a stranger and had to send them an email money transfer and hope they didn’t take the money and run.
OK thanks. I was trying to find out if Truist Bank was one of them; they are among the 10 largest banks in America right now. Can't seem to find that information... although when I go to their website, it's up and running and says nothing about being down for maintenance.
I just searched the web, could find if they went down. I think they're staggering it. March 2023 all banks have to accept ISO 20022 payments and by 2025 all banks need to be fully ISO 20022 compliant
So what does ISO 2022 Compliant really mean? Digital currency? Social credits? I'm not familiar with that ISO stuff except in the engineering world where everyone was adopting ISO engineering standards back before the turn of this century.
This guy is going down the rabbit hole. He also advocates for staking your crypo with an insured bank when they get in to the scene more down the road (maybe with Polysign) and you'd get a percentage of earnings every year on your XRP instead of just selling it one time, which is more ideal.
You know I have always been hesitant to buy crypto but today just to be part of the dream I went ahead and bought 137 xrp coins and 304 xlm. I know it’s not a lot didn’t even spend a hundred. It was hard to buy xrp as it’s not offered everywhere. My son is managing it for me bc it’s something he is into. His favorite crypto is Matic he has most in that one but also many others.
I used to have a massive stash of xrp. Sold it off couple years ago.
Even if everyone adopts it for ISO2022 what's the point? It's going to be regulated to hell and by using it we'll be strengthening the stranglehold over our us. Stack monero instead
It's for financial services to send money between each other. I doubt people will use it to buy coffee.
The fact that it'll be regulated means companies and institutions will be cool with using it. Businesses and stuff like to do business with things that can be insured and sued.
Tricky to say now that all these exchanges are going cray cray.
In Canada I buy it through CoinSquare.com - they're insured now, I've never had any probelems with them but I always buy and then put it directly in to my Ledger Nano.
If you don't have a hardware wallet, get one or at least use Xumm on your phone or something. Don't keep it on the exchange or you could lose all your crypto like FTX people.
UpHold is another one I heard you can buy from. Also BitGet and Bitrue.
Another thing you could do is buy a crypto you know you could buy and have it converted using a service like https://changelly.com/
You can't quickly send silver all over the world in 4 seconds. Would you want your business being held up because your payment is in silver and you have to wait days and days for the recipient to get your silver and then wait for them to verify it's real?
I mean you can operate on the idea that we're heading in to total collapse and you'll have to chip a pieces of silver off to buy goods but how long do you think people will put up with that?
But yeah, when they re-evalute silver you'll make money.
I'd rather you made more money.
$380.29 USD buys you 1020 XRP. You need 20 XRP to hold your account on your Ledger Nano.
A below $500 investment isn't going to ruin you and if XRP goes to $1000, $5000, $10,000 and you're able to stake 1000 XRP for 12% a year with a bank/polysign and you get $1,200,000 a year. It'll make your silver look like ginger beer man.
Why is this being promoted?? XRP is ripple the crypto created by and for banks which has none of the features that made Bitcoin great. Think and research carefully before putting any hard earned 💰 into this.
There's that number again...
https://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf
Check page 17.
Once the Ponzi scheme of Tether is revealed, all cryptos will be essentially worthless. If you don’t know about Tether you better educate yourself very, very quickly.
at the same time I think the Ripple/SEC case will end and people will flood their money and convert their cryptos in to XRP.
Gemini Exchange delisted XRP.
Yeah, I expect others to delist it. Coinbase did it long ago. I think they want to eventually lock out the public because they really only want banks to use it.
Kind of like what they did with gold back in the day.
https://en.wikipedia.org/wiki/Executive_Order_6102
Executive Order 6102 required all persons to deliver on or before May 1, 1933, (33 is the magic number) all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve in exchange for $20.67 (equivalent to $433 (33 is the magic number) in 2021)[5] per troy ounce. Under the Trading with the Enemy Act of 1917, as amended by the recently passed Emergency Banking Act of March 9, 1933 (33 is the magic number), a violation of the order was punishable by fine up to $10,000 (equivalent to $209,000 in 2021),[5] up to ten years in prison, or both.
I like Gemini because it is located in USA and subject to New York financial laws. Foreign exchanges with no oversight scare the hell out of me. Happy hunting!
I mean, I would hold on an exchange anyway, i’d hold on a ledger or something.
XRP is recognized internationally, America is the only hold out due to the Ripple vs SEC.
But if Ripple wins their case XRP will be the first crypto with legal clarity.
Besides we’re you worried about laws when you bought your bitcoin?
When I bought my Bitcoin I had to make a deal on local bitcoins with a stranger and had to send them an email money transfer and hope they didn’t take the money and run.
Worried about safety not laws.
Buy a ledger nano, don’t keep your crypto on an exchange. You’ll be okay.
I could not make out the names of the 17 banks, it was such a blurry video. Anyone have an actual LIST of these banks?
https://twitter.com/Rohitku24694375/status/1593873403836239873?s=20&t=ffQI2W53yp1sI2bjhMASiA
It's people informally posting screen caps on twitter.
OK thanks. I was trying to find out if Truist Bank was one of them; they are among the 10 largest banks in America right now. Can't seem to find that information... although when I go to their website, it's up and running and says nothing about being down for maintenance.
I just searched the web, could find if they went down. I think they're staggering it. March 2023 all banks have to accept ISO 20022 payments and by 2025 all banks need to be fully ISO 20022 compliant
So what does ISO 2022 Compliant really mean? Digital currency? Social credits? I'm not familiar with that ISO stuff except in the engineering world where everyone was adopting ISO engineering standards back before the turn of this century.
It’s the new messaging world stand banks will use to talk to each other.
https://en.m.wikipedia.org/wiki/ISO_20022
Basically any messaging system that is ISO 20022 compliant can be used by a bank to send information to each other.
Basically instead of using SWIFT banks will use ISO 20022 compliant tech.
Here’s a list of cryptos that are ISO20022 compatible. Check PAGE 17:
https://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf
The company that utilizes XRP is called Ripple, they’re currently being sued by the SEC because they say XRP is a security.
Thank you, Sir Saturday, this information is gold. Appreciate it.
No prob, check out this guy's video he covers daily XRP/Ripple news, you could check his most popular videos see anything that might stick out to you:
https://www.youtube.com/@WorkingMoneyChannel
This guy is going down the rabbit hole. He also advocates for staking your crypo with an insured bank when they get in to the scene more down the road (maybe with Polysign) and you'd get a percentage of earnings every year on your XRP instead of just selling it one time, which is more ideal.
https://www.youtube.com/channel/UCmrU1HFPpy5DfUySK6okqEA/videos
You know I have always been hesitant to buy crypto but today just to be part of the dream I went ahead and bought 137 xrp coins and 304 xlm. I know it’s not a lot didn’t even spend a hundred. It was hard to buy xrp as it’s not offered everywhere. My son is managing it for me bc it’s something he is into. His favorite crypto is Matic he has most in that one but also many others.
Cool, watch for June 13th. The SEC is supposed to release the Hinman emails.
https://cryptopotato.com/as-the-ripple-v-sec-june-13th-deadline-approaches-commission-deletes-hinmans-bio/
I suspect they'll settle their case with Ripple instead of releasing the emails which willl put the SEC in a bad light.
I used to have a massive stash of xrp. Sold it off couple years ago.
Even if everyone adopts it for ISO2022 what's the point? It's going to be regulated to hell and by using it we'll be strengthening the stranglehold over our us. Stack monero instead
It's for financial services to send money between each other. I doubt people will use it to buy coffee.
The fact that it'll be regulated means companies and institutions will be cool with using it. Businesses and stuff like to do business with things that can be insured and sued.
How do you buy XRP now?
Tricky to say now that all these exchanges are going cray cray.
In Canada I buy it through CoinSquare.com - they're insured now, I've never had any probelems with them but I always buy and then put it directly in to my Ledger Nano.
If you don't have a hardware wallet, get one or at least use Xumm on your phone or something. Don't keep it on the exchange or you could lose all your crypto like FTX people.
UpHold is another one I heard you can buy from. Also BitGet and Bitrue.
Another thing you could do is buy a crypto you know you could buy and have it converted using a service like https://changelly.com/
Uphold
Pretty sure my silver will weigh the same.
And it will be money long after those banks are gone.
A wise man would diversify.
You can't quickly send silver all over the world in 4 seconds. Would you want your business being held up because your payment is in silver and you have to wait days and days for the recipient to get your silver and then wait for them to verify it's real?
I mean you can operate on the idea that we're heading in to total collapse and you'll have to chip a pieces of silver off to buy goods but how long do you think people will put up with that?
But yeah, when they re-evalute silver you'll make money.
I'd rather you made more money.
$380.29 USD buys you 1020 XRP. You need 20 XRP to hold your account on your Ledger Nano.
A below $500 investment isn't going to ruin you and if XRP goes to $1000, $5000, $10,000 and you're able to stake 1000 XRP for 12% a year with a bank/polysign and you get $1,200,000 a year. It'll make your silver look like ginger beer man.
I'm not sending any money anywhere .
And I'm not buying any shitcoin........
A friend of mine owns hundreds of millions of XRP coins. I hope he’s right. I’d like to know a multi billionaire.
https://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf
Check page 17.
What's the 17th letter of the alphabet?
Why is this being promoted?? XRP is ripple the crypto created by and for banks which has none of the features that made Bitcoin great. Think and research carefully before putting any hard earned 💰 into this.
Why would the banks want to use Bitcoin which is pretty much controlled by China?
What makes Bitcoin great? The mining?
Can you afford food and heat and running a computer 24/7 as a bitcoin node?
Great risk comes great reward.
Why would I care what the banks want, if I can use decentralized crypto instead?
So you admit XRP is a great risk?
To make money?
XRP is decentralized.
Because who’s going to accept it? Does it have legal clarity?
Think how long Bitcoin has been around. Have you really seen Main Street adoption?
Not really. I mean you can’t go in to any store and buy something with it.
The banks want their system to have legal clarity between them selves before countries decide what crypto they want to use.
If you want the digital cash future Bitcoin was promising, maybe look in to XLM.
It has great risk baked in! They’re being sued by the SEC! The open and shut case has been going on for 2 years.
I mean Jim Cramer is telling you not to buy XRP!
https://youtu.be/2EkM1EzonxM
That’s risk!