SEC trying to slow down ripple/XRP progress via the lawsuit because it is a disruptive tech. that will kick their ass in terms of obsoleting the old system.
For example it will and already does (where used) effect X border fiat Xfers in 3 seconds which obsoletes SWIFT's 5 days! I personally sent some fiat to Europe recently and yes it was done end to end in 9 seconds using the exact same method that prior took days! They tried to make a chase coin but they just don't know how. XRP is waay more powerful / nimble than the rest of the top 10. So, be careful to just associate it with WEF/CBDC in your mind via some headlines. It is worthy of in depth study. Now its the only digital asset with some regulatory clarity. To simply say "it's bad" because Ripple does WEF stuff is like saying so n so good guy is bad just because they were at a repulsive summit. There's more to it than that.
To be honest, I saw that as well and it left a bad taste in my mouth. Then I had to think about doing business in general. If I had a business, would I do business with a WEF partner that could potentially put real value in my possession? If I had a shop, I would sell a cup of coffee to a liberal... or anyone walking in for that matter who wanted to buy a cup of coffee. I would treat everyone the same, with kindness and respect. Now, that is what I would do. I don't claim to know the intentions of Ripple, but it would make sense, if they were normies and they saw an opportunity to go to, and partner with an event that was crawling with the supposed power brokers and banksters of the world, that they would take that business opportunity. Business is business. I don't have to like the people I do business with. Free-market capitalism provides a method to exchange goods and services in a mutually beneficial way irrespective of personal beliefs.
The one thing that did give me hope about Ripple was the fact that the SEC was coming after them... You have to ask yourself, in a sea of crypto... why Ripple? Others have said it already but it is a revolutionary crypto that has a better-than-good chance of disrupting the old guard system with a mask that claims to be on their side.
The fact is, the petrol dollar is on its way out. What is going to fill that void? I don't see banks going away completely, and if there are banks, whatever fills that void (the accepted currency of the locality) will need bank-to-bank and cross-border transactions to go from the local medium to the foreign medium. The SWIFT system is on its way out as well. They can't keep up with cross-border transactions that all but eliminate nostro accounts and take 3 to 5 seconds to clear. Maybe the lords of SWIFT are coming up with something better... who knows. I read somewhere FedNow was a clunky failure so far.
So as of right now, Ripple's XRPL with XRP as the medium, is sitting pretty as a shiny new mechanism for banks to free up billions parked in accounts around the world allocated for clearing transactions (nostro accounts). If things accelerate (as they seem to be) banks will need solutions that Ripple has already solved.
I don't really look at this, being a medium of exchange, as a black or white, good vs evil issue. It's a medium of exchange. Ripple, the company, is like Visa or MasterCard and XRP is what they use instead of dollars. Side note, XRP can transact as fast as those processors as well. I don't really like Visa because of the stances they have taken in the past, but my small, local, and responsible (I checked) bank uses Visa. Visa provides value to its users and unfortunately in our world, we need the value that Visa provides its users. If I didn't want to participate in anything these money magicians (the FED and world banksters) did, I would have to refuse to use fiat and barter for everything or find something people will accept as payment besides dollars, which is not very realistic in today's world. I do think we are getting to that point, but as of right now, we are still in the system.
To exit the system, there will still need to be consensus, at least at a local level, and more realistically at a national level, of a medium of exchange. Gold, silver, and cryptos can fill those voids with more adoption. Gold and silver, however, are not as easy to carry around as crypto. We are just not there yet... but we are getting close. (Sheetz Gas Stations Will Accept Crypto) Down with the FED. Down with the IRS, SEC, and most if not all the ABC agencies in our GOV! God wins.
Also, XRP listed as a partner of BIS along with JPM, Mastercard etc the usuals. I have a good amount of XRP myself long before the deepshit bankers are been partnering the past year. I guess ill just see what happens. Or was the deepshit trying to shitifying XRP?
I read somewhere that Bitcoin was the token for that role. See how easy it is to fly a kite?
XRP is one of the means by which we wave goodbye to central banks. They are authorised to issue fiat currency, created by a button press, occasioned by a promissory note, which is lent out for profit by charging interest.
If you want to sell a car for 50 XRP (or for any amount of any other digitised token), and I agree to buy it at that price, what's it got to do with a bank? All crypto transactions are permanently recorded; they can't be altered or deleted, thanks to the Quantum Financial System.
This is not financial advice. Do your own research before entering in to any financial commitment. My money is where my mouth is. XRP - HODL*,
I seem to remember seeing a white paper on using crypto for international bank transactions, and there was a proposal that the currency be ISO certified. I went looking and Ripple was the only ISO certified crypto out there.
I've never understood the desire to own it for speculative purposes though. Ripple owns all the crypto. They can sell it whenever they want. Without scarcity the price is whatever they want it to be.
actually ripple owns about half of all XRP. But it's locked up in time release capsules so everyone knows when it might hit the market (or go directly to banks and skip retail). So no they absolutely cannot "sell it whenever they want". Among other things, It allows banks to not have to hold billions to facilitate currency exchange. There will be a liquidity crisis unlike the past. Ripple with it's XRP will be able to solve the crisis. The background work has been in the works for 10 plus years to get ready to "flip the switch" to the new system at the "right" time.
the money banks have to keep in reserve for exchange are called nostro vostro accounts. XRP will be a big part of the new system that in part will the need to hold money in various currencies. This will eliminate a lot of friction in the current system.
I haven't been following the whole XRP lawsuit, but can someone explain the implications on XRP itself? This just seems like something related to the CEOs and not the original SEC investigations on the coin itself.
Don't quote me on this, because I can't remember where I read it, but I could have swore XRP was supposed to be the crypto CBDC of the deep state.
SEC trying to slow down ripple/XRP progress via the lawsuit because it is a disruptive tech. that will kick their ass in terms of obsoleting the old system. For example it will and already does (where used) effect X border fiat Xfers in 3 seconds which obsoletes SWIFT's 5 days! I personally sent some fiat to Europe recently and yes it was done end to end in 9 seconds using the exact same method that prior took days! They tried to make a chase coin but they just don't know how. XRP is waay more powerful / nimble than the rest of the top 10. So, be careful to just associate it with WEF/CBDC in your mind via some headlines. It is worthy of in depth study. Now its the only digital asset with some regulatory clarity. To simply say "it's bad" because Ripple does WEF stuff is like saying so n so good guy is bad just because they were at a repulsive summit. There's more to it than that.
Ripple Labs is a WEF partner. You can see for yourself on the WEF website.
To be honest, I saw that as well and it left a bad taste in my mouth. Then I had to think about doing business in general. If I had a business, would I do business with a WEF partner that could potentially put real value in my possession? If I had a shop, I would sell a cup of coffee to a liberal... or anyone walking in for that matter who wanted to buy a cup of coffee. I would treat everyone the same, with kindness and respect. Now, that is what I would do. I don't claim to know the intentions of Ripple, but it would make sense, if they were normies and they saw an opportunity to go to, and partner with an event that was crawling with the supposed power brokers and banksters of the world, that they would take that business opportunity. Business is business. I don't have to like the people I do business with. Free-market capitalism provides a method to exchange goods and services in a mutually beneficial way irrespective of personal beliefs.
The one thing that did give me hope about Ripple was the fact that the SEC was coming after them... You have to ask yourself, in a sea of crypto... why Ripple? Others have said it already but it is a revolutionary crypto that has a better-than-good chance of disrupting the old guard system with a mask that claims to be on their side.
The fact is, the petrol dollar is on its way out. What is going to fill that void? I don't see banks going away completely, and if there are banks, whatever fills that void (the accepted currency of the locality) will need bank-to-bank and cross-border transactions to go from the local medium to the foreign medium. The SWIFT system is on its way out as well. They can't keep up with cross-border transactions that all but eliminate nostro accounts and take 3 to 5 seconds to clear. Maybe the lords of SWIFT are coming up with something better... who knows. I read somewhere FedNow was a clunky failure so far.
So as of right now, Ripple's XRPL with XRP as the medium, is sitting pretty as a shiny new mechanism for banks to free up billions parked in accounts around the world allocated for clearing transactions (nostro accounts). If things accelerate (as they seem to be) banks will need solutions that Ripple has already solved.
I don't really look at this, being a medium of exchange, as a black or white, good vs evil issue. It's a medium of exchange. Ripple, the company, is like Visa or MasterCard and XRP is what they use instead of dollars. Side note, XRP can transact as fast as those processors as well. I don't really like Visa because of the stances they have taken in the past, but my small, local, and responsible (I checked) bank uses Visa. Visa provides value to its users and unfortunately in our world, we need the value that Visa provides its users. If I didn't want to participate in anything these money magicians (the FED and world banksters) did, I would have to refuse to use fiat and barter for everything or find something people will accept as payment besides dollars, which is not very realistic in today's world. I do think we are getting to that point, but as of right now, we are still in the system.
To exit the system, there will still need to be consensus, at least at a local level, and more realistically at a national level, of a medium of exchange. Gold, silver, and cryptos can fill those voids with more adoption. Gold and silver, however, are not as easy to carry around as crypto. We are just not there yet... but we are getting close. (Sheetz Gas Stations Will Accept Crypto) Down with the FED. Down with the IRS, SEC, and most if not all the ABC agencies in our GOV! God wins.
Also, XRP listed as a partner of BIS along with JPM, Mastercard etc the usuals. I have a good amount of XRP myself long before the deepshit bankers are been partnering the past year. I guess ill just see what happens. Or was the deepshit trying to shitifying XRP?
Xrp was / is supposed to replace SWIFT. But I’m sure you know this.
As "awesome" the prospects are for XRP, I refused to own it because of this.
Either we go with cryptos that match our beliefs, or we are just as bad as Biden and all of the other traitors.
Vote with your money and holdings. No more selling out to these pieces of shit.
that is it. thank you
I read somewhere that Bitcoin was the token for that role. See how easy it is to fly a kite?
XRP is one of the means by which we wave goodbye to central banks. They are authorised to issue fiat currency, created by a button press, occasioned by a promissory note, which is lent out for profit by charging interest.
If you want to sell a car for 50 XRP (or for any amount of any other digitised token), and I agree to buy it at that price, what's it got to do with a bank? All crypto transactions are permanently recorded; they can't be altered or deleted, thanks to the Quantum Financial System.
This is not financial advice. Do your own research before entering in to any financial commitment. My money is where my mouth is. XRP - HODL*,
I seem to remember seeing a white paper on using crypto for international bank transactions, and there was a proposal that the currency be ISO certified. I went looking and Ripple was the only ISO certified crypto out there.
Algorand is another
Yea it seems like it’s THE crypto that is going to explode in amount.
I too did the research a while ago and it’s almost like they have a monopoly on crypto transactions with banks.
I've never understood the desire to own it for speculative purposes though. Ripple owns all the crypto. They can sell it whenever they want. Without scarcity the price is whatever they want it to be.
actually ripple owns about half of all XRP. But it's locked up in time release capsules so everyone knows when it might hit the market (or go directly to banks and skip retail). So no they absolutely cannot "sell it whenever they want". Among other things, It allows banks to not have to hold billions to facilitate currency exchange. There will be a liquidity crisis unlike the past. Ripple with it's XRP will be able to solve the crisis. The background work has been in the works for 10 plus years to get ready to "flip the switch" to the new system at the "right" time.
the money banks have to keep in reserve for exchange are called nostro vostro accounts. XRP will be a big part of the new system that in part will the need to hold money in various currencies. This will eliminate a lot of friction in the current system.
TITS. ARE. JACKED.
🦍🚀
Thanks for posting 📫
I haven't been following the whole XRP lawsuit, but can someone explain the implications on XRP itself? This just seems like something related to the CEOs and not the original SEC investigations on the coin itself.
https://ripple.com/insights/10-things-need-know-xrp/
There are 8 countries (including Russia, Japan, UAE, Hong Kong) building CBDCs based on XRP. https://finbold.com/ripple-reveals-8-countries-building-cbdcs-on-xrp-ledger/
Pretty sure the fed ended gold, lol
Fuck Ripple
Look into veritaseum
This is a good article and I'm hopeful it comes into being.
https://www.americanthinker.com/articles/2023/10/globalists_fear_spartacus_and_his_slave_rebellion.html
ELI5 for the non stock saavy