Could XRP Reduce Reliance on Legacy Payment Systems

[00:00:00]Hello, as with you always, this is Rich doing another video today on XRP.

[00:00:08]So, I hope you're all having a wonderful day today, wherever you are in this great great world. We're going to talk about XRP. And I got to start with this new XRP stake revealed by Colorado-based Wealth Manager. All of a sudden, we're starting to find out who has exposure to XRP.

[00:00:32]A Colorado-based wealth manager has disclosed a new investment in the Canary XRP ETF. It is yet another institutional firm that has gained exposure to XRP through recently launched exchange traded funds. According to a form 13F-HR filed with the US SEC on July 17th, Gallaer Capital Management reported holding 86,744 shares of the Canary XRP ETF. And I think a lot of these institutions that are already getting exposure to XRP, they're going to increase their exposure when the price of XRP breaks out. It's nice to see who's holding though. Ever accumulates 470 million XRP, targets NASDAQ listing via spa merger. The reason I wanted to mention this is because Ever North, they want to accumulate 1 billion XRP. They want to hold 1% of the entire XRP supply. And I've been waiting to see when they increase their holdings as well. And I want to see what happens with that NASDAQ listing. Also, could XRP price reach $20? Here's what would need to happen. So, the first thing they talk about is the market cap.

[00:02:02]And I hate when they do that because market cap really doesn't matter to cryptocurrency like XRP. But then they go on to talk about institutional utility would need to drive XRP demand.

[00:02:17]XRP ETFs could help but would not be enough alone. How do they know it won't be enough? Think about all of a sudden there's ETF FOMO and hundreds of millions of dollars start flowing into those ETFs and those ETF filers, they have to lock away XRP to match the ETFs that they're selling. So, they don't know if the ETFs alone would be enough.

[00:02:46]Ripple's business expansion could increase XRP utility. tokenization could become XRP's biggest long-term opportunity.

[00:02:58]When it comes to tokenization, I think the sky is the limit for XRP. I'm telling you now, because tokenization, once that momentum starts, it's not going to disappear. They literally want to tokenize everything around us. And in a recent video, I even talked about how XRP Ledger could capture 70% of the tokenization market. And if that was to happen, we would be looking at a $10,000 XRP. But tokenization is just going to be one driver for the price of XRP.

[00:03:38]Ripple secures EUwide MA clearance, gaining passporting across 29 countries.

[00:03:44]I meant to mention this in a video recently because this is big. This now tells you the EU is ready for Ripple.

[00:03:54]The EU is ready for XRP. And the reason that they gave that approval is because they know they're going to utilize Ripplet and XRP when it comes to moving the digital euro. But the but ma rules aren't playing out the way they thought.

[00:04:12]Breaking 70% of EU crypto withdrawals are now going to self-custody wallets.

[00:04:18]Not to me regulated platforms. Binance CEO confirmed it. The EU built the most comprehensive crypto regulation in the world and users responded by leaving the regulated system entirely. This is the outcome Brussels didn't model. Mika was designed to bring crypto under control.

[00:04:41]Instead, it pushed 70% of capital into wallets no regulator can touch. Cash banned above 10,000 euro. Bitcoin tracked above a€,000 euro. Privacy coins delisted. 90% of crypto firms eliminated. The EU squeezed harder. the users squeezed out into self-custody and beyond reach. I think the same thing is about to happen here in the United States as well because whenever they try to regulate something, it means they want to try to control something. And most people got into crypto because they don't like control at all. Most people don't want regulations. The only reason I think regulations is a good idea is because without regulations, we would never see mass adoption. We would never see institutional adoption. And if you really want XRP to reach those price levels like $1,000 or $10,000, you'd need regulations first. But you see how it's playing out in the EU already.

[00:05:55]The XRP retail price retail purge is complete. They just admitted it. Now, this is an older clip, but this is when people realized that XRP was never meant for retail. Take a listen.

[00:06:11]>> Many people are using cryptos just to buy and sell and make quick gains out of it. Does it hurt the growth of cryptocurrencies? That usage for for for a quick butt.

[00:06:22]>> So, I mean, it's it's kind of chicken and egg. You have to create a marketplace and right now we have about 150 200 exchanges around the world that trade on XRP. Uh a lot of it as you say is very shallow trading by individuals and that is not the use case that we are pursuing. What we are pursuing is the use of XRP as a financial asset by sophisticated institutions as a bridging uh mechanism.

[00:06:46]So does this hurt or harm? Well, it creates a lot of noise and uh you know, we certainly don't want that much noise.

[00:06:54]Uh but we're waiting and for example, this last quarter uh the bulk of XRP sales were to institutional investors and as this transitions away from retail to institutions will start to use it for wholesale um you know financial usage that's when >> they are literally telling you that XRP was never meant for retail. We are the noise that they want to eliminate. And it's the same reason that the price of XRP is sitting where it is right now.

[00:07:27]It's the same reason that XRP tends to go sideways for long periods of time.

[00:07:32]They want to make you frustrated. They want to make you quit. They want you out before it happens. But they built XRP right out of the gate for institutional adoption, not retail adoption. Now, I believe since that clip was made, I think some things have changed. Even Brad, he now talks about micro payments.

[00:07:55]He talks about AI payments that are already happening as well. But it's more geared towards not only crossber payments, it's now domestic payments and beyond. But yet, they still want retail out. When you fully understand the difference between payment and settlement, you will go out and buy XRP.

[00:08:19]And here is an AI explanation of each for your convenience. Payment, the instruction or process of transferring value claims from payer to pay.

[00:08:32]Authorizing a bank transfer, card swipe, or broadcasting a crypto transaction.

[00:08:38]It creates or updates a payment obligation. That's like the messaging system. Settlement, the actual final transfer of the underlying money or asset that invocably discharges the obligation. This is when funds move between banks, usually via central bank reserves or achieve onchain finality. Not financial advice, just free speech. I like that. So, think about like this. What is Swift? It's only messaging. It all it does is send a message saying that this transaction is happening. That's it. You still need something to settle that transaction and move that value from point A to point B.

[00:09:28]Now, Ripple created a system that is both messaging and settlement all in one. So now as time goes on and banks realize, hey, we don't have to have all these fees, we don't ha customers, they don't want these fees anymore. They also don't want to wait 3 days for the money to show up on the other end. What do you think they're going to do? They're going to start to use the alternative there.

[00:09:56]Otherwise, their customers will use the alternative without them. That's how Ripple will capture Swift over the coming years. Binance Coach sends critical warning to XRP investors. Take a listen to this. Over the next 3 years, this will wreck more crypto portfolios than anything. There's a massive controversy going back and forth between DTCC Group and XRP. Not the DTCC Group and XRP or Ripple, but the influencers going back and forth. Some are saying DTCC group is deeply connected to XRP and then there's a whole group attacking saying that XRP has nothing to do with DTCC group. There's a group saying that Swift is integrated with XRP and there's a group fighting saying XRP has nothing to do with Swift. This is the number one thing that will absolutely wreck your portfolio. I'm going to be the bearer of bad news.

[00:10:51]>> I'm going to tell you this. ignore all of these claims because you know from what you've seen over the last couple of years and even if you're new to crypto, you see what's going on with XRP already. So he is right. You have two separate groups on social media right now. You have people saying that XRP is never going to go above $10. XRP is not going to be used by DTCC. Swift will never use XRP and so on. Then you have another group who brings the receipts and shows you the documentation that states that proves that the DTCC will use XRP and that Swift will also use XRP.

[00:11:41]But you can't let it drive your investment. In other words, you got to ignore all the noise. Know what you know. You did the research also, I'm sure, before you became an XRP holder.

[00:11:56]So, stick to what you know. And it doesn't matter what most people are saying because it's all retail speculation to begin with. And there's a lot of AIdriven content out there also.

[00:12:08]And a lot of this AIdriven content, it's just madeup content because what does the AI model do? It scour the internet and then it comes up to with an answer to your question. So, it could also be manipul manipulated to some point. You know what XRP was built to do? That's what you need to know.

[00:12:33]Will blockchain make Fed lose control?

[00:12:35]Take a listen to this.

[00:12:37]>> How much control will central banks lose once blockchain tech is rolled out in mess? They won't lose any control. I don't think they just won't have control over XRP. the Fed won't have the control that they currently have today over other countries. They won't be able to implement sanctions and like affect monetary policy. We'll also, you know, be sovereign where we don't have to do things that are in the interest of the rest of the world that might be in the disinterest of the people here domestically in the US based on monetary policy to make sure that, you know, things are okay in the status quo and that won't be leverage anymore. So, you could look at that as loss of control if you wanted to for the US. But I think the US, you know, dollar denominated stable coins are going to continue to push the dollar to, you know, be one of the high highest used currencies and continue to sit in that position along with some of the other large countries that are coming up, China and Russia and a few others.

[00:13:26]>> He summed up a couple of things there.

[00:13:28]Number one, what blockchain will do is it'll eliminate the sanctions and that's what most countries want already. It's the same reason they keep pushing away from the US dollar and a lot of countries are also pushing away from Swift. It's why XRP is a great asset for the bricks countries because the bricks, they don't want to deal in dollars at all and they absolutely don't like the Swift system. So, if there's an alternative, that's what they're going to use. He also mentioned stable coins and how the dollar will stay dominant.

[00:14:03]The whole idea of a stable coin is to take the dollar into places that it has never gone before. And at the same time, that strengthens the US dollar because we have countries that no longer want the dollar to begin with. So now we got to find new users for the US dollar.

[00:14:23]Same thing with tokenizing the debt.

[00:14:25]They want to take the debt into places where they could open up a new buy, a whole new market of buyers for the US debt because nobody wants our debt anymore either.

[00:14:37]Senator Mark Warner on the Clarity Act.

[00:14:40]This is probably one of the greatest clips that came out of that entire meeting. Take a listen.

[00:14:46]>> I just because I do want you to hear this. You know, is one bipartisan group still trying to get a Clarity Act done?

[00:14:53]Um, we we touched on this briefly. You would not want a Clarity Act that increased the ability of illicit finance to take place suddenly with the blessings of law, would you?

[00:15:06]>> Um, well, thank you, Senator. I mean, it's vital that the Clarity Act provide tools.

[00:15:10]>> Could you speak a little closer on >> It's vital that the um that the Clarity Act provide rules and tools for the Treasury Department um and the administration to be able to counter elicit finance. Well, you would be concerned if the Trump Department of Justice with technical assistance said that the the standard proposed by industry and some of my Republican colleagues would actually make it easier for illicit finance to take place. This has just happened the last couple days.

[00:15:37]We That would concern you, wouldn't it?

[00:15:39]>> It it would be concerning. Yes, Senator.

[00:15:40]>> Good. Um, I continue to work with you and and and the secretary, you know, I want this done and I am tired of being in crypto hell, but we got to do it in a way that doesn't make this circumstance worse. I want America to lead in digital assets, but if we get it wrong, uh, the downside ramifications could be huge as well.

[00:16:01]>> He doesn't want to. He's tired of being in crypto. Hell, right now, here's the problem. without regulations in crypto. There's way too many rug pulls still going on. There's a lot of coins being created that absolutely do nothing. And we need a major flush in the crypto space. If you really want the price of XRP to break out to new all-time highs and price discovery and way past that to three digits and beyond, we have to have regulations.

[00:16:34]And when he said crypto hell, I think it's because they're tired of what's going on with this entire Clarity Act, it's like why don't they just stop listening to the banks, stop listening to the crypto space, get this done, get it across the president's desk, and get it signed into law? Because if you're that frustrated, now's the time to do that. But the problem is they listen to too many people outside of Washington because all their pockets are filled with that outside money. So of course those people will always have a voice in Washington. They'll always have a voice when it comes to creating the laws of the land. But we're XRP holders. No matter how this plays out, we get rich in the end one way or another. And until it happens, stay patient, stay positive, and let's get rich together. With that said, I'm going to wrap up this video. I want to thank you all for watching. I appreciate all of you. I'll see you in the next one. Have a great night.