Ripple XRP ADS Were Trolling, Don't FUD XRP Because It's MORE Than A Gas Token, AI Takes More Jobs

Added: 2026-05-09

[00:00:00]I mean, Ripple Treasury has been on a tear. And uh, by the way, the other thing people don't know, part of the reason why we did the uh, the XRP and Ripple Treasury ads on the strip is, hey, hey everybody, it's Eddie from Tokyo. This is your cryptocurrency update from Japan. And that of course is Brett Garlinghouse, the CEO of Ripple, and Ellie Terret on stage at the XRP Las Vegas. So the answer about what motivated Ripple to plaster XRP all over the strip, have a listen.

[00:00:35]>> The the main competitor to Ripple Treasury is called Kyibba and they were doing their customer conference last few days here in >> Oh, very nice.

[00:00:43]>> Yeah, we a little trolling.

[00:00:48]>> Never heard anybody. We had we had some wrapped buses that said Ripple Treasury picking people up from the Kyrie conference.

[00:00:57]>> And I knew I knew that word Kyrie because it was in my 2019 video. Yes. When I covered the fact that they were a Ripple partner at that time.

[00:01:11]This is a video that I did in February 2019.

[00:01:16]And it's kind of amazing how well a previous partner now becomes somebody that they want to troll. So yes, I I I know that these treasury companies are really important and I was covering back then that Ripple's ecosystem was growing and expanding with a treasury partner but you know they have chosen to go with G Treasury and now what was a formal partner is now a formable competitor.

[00:01:48]And allow me to be honest for a second.

[00:01:51]I was actually complaining to somebody who I know in the space, very famous.

[00:01:56]That person will go unnamed. And I was just saying that it felt like trolling to me. It just felt like trolling. And I had wished Ripple had taken the high road. I'm just being quite honest with you. I thought that uh showing XRP all over the strip uh during the Bitcoin conference was a form of trolling. And I am just not for this huge tribalism.

[00:02:22]It's just not me. I have never seen it as an as an advantage or something that is good for the ecosystem in general.

[00:02:32]But this person who I was maybe complaining to a little bit said, "Oh, no, no, no. You're not seeing it correctly." As a matter of fact, that rivalry, this is according to this person, is going to play out in a very advantageous way, especially when Bitcoin maxis discover what Flare Networks has done and is continuing to do for the digital asset for the digital asset XRP. Yes, they are bringing of course a blast of increased ecosystem value as an undeniable essential capital asset. And so the FOMO will occur according again to this person who's seeing it through a whole completely different light that the FOMO into flare will occur because being less important, yes, is real. I saw a lot of people kind of futing XRP and the ledger and Ripple saying that the only reason why there was participation from the ledger with this Onondo Kexus by JP Morgan, Mastercard and Ripple in their completion of the first crossborder crossbank redemption of tokenized US treasuries that's a mouthful uh was only because Ripple demonstrated how such uh cheap gas fees can be achieved by using the ledger. And yes, yeah, that gas fee is very low. But let me tell you that the gas fee is deterministic, which is very different than a gas fee that fluctuates with congestion. So that is a huge benefit.

[00:04:23]And the 3 to 5 second settlement is also very very fast. It's not the fastest in the industry and it doesn't need to be the fastest. It's fast enough. It also has the built-in issuance technology and trust lines versus smart contract complexity. And thirdly, the original XRP ledger design is simple. It's predictable when it comes to token flows. So yes, there are going to be use cases like this where the fit is perfect. And speaking of JP Morgan, well, they tick most of the boxes when it comes to crypto adoption. Yes, of all the institutions that are listed here in this Bitwise graph, I can tell you that crypto trading and custody along with private crypto funds, crypto ETFs, crypto enabled payments and tokenization.

[00:05:23]JP Morgan is the only one that ticks every single one of those boxes. The XRP Ledger Foundation, which has needed a kickstart for a very long time, is I think finally going to get it. There are three new faces that are part of the XRP Ledger Foundation team, and they are just fabulous choices. One of those new faces is Vet. And I think if you are in this XRP community, you know of him to some degree. And I just want to tell you that Krypton Writer, who is one of his co-host on the Monday episodes they do together, released a new video about an hour ago to congratulate him and also give him a platform to talk about how he sees his role. It's a fantastic video.

[00:06:15]I'm going to put a link to it in the description of this video. Brett Mullen will still be the executive director and he has been working formally with Ripple for nearly nine years I think it is. He will oversee the uh entire foundation team with their operations and partnerships. And then we have Dennis Angel. He's going to have the chief technology officer role. And as it says here, yes, his fingerprints are all over the XRP ledger already. Dennis is one of the most prolific contributors to the XRP ledger code base and has been deep in protocol work for years. Yeah, I really I've had the honor of meeting him in person a couple of times. What a brain. These are the kinds of brains that can really take the ledger to the stratosphere.

[00:07:09]Renee Hushen, which I probably mispronounced. I'm sorry if I did.

[00:07:15]Renee, I don't know. I think it's either Dutch or maybe it's I don't know possibly kind of a a French Belgian name. I just don't really know for sure.

[00:07:26]But I do see that you are now going to handle the financial coordination across the entity and bring that operational backbone to where the team can focus on building. That's fantastic.

[00:07:40]Now, changing gears just a little bit.

[00:07:42]You know, I love to talk about SBI, and here's just a little bit of information that you can pack into your back pocket.

[00:07:50]Did you know that SBI's Japan loan comparison site, which is called Eloone, uh is connected to Ripples's Chris Larson? Yes, he originally started the US company Elo. And it was Soft Bank, the SBI predecessor that invested in Chris Larson's e- loan company late in the '9s and then launched Eloone in Japan with a licensed joint venture. And SBI Group later took control and still operates it today. Isn't that interesting? So, you always want to know that Mr. tow has not only been around for a long time in the background and he is going to be instrumental in going forward as well. And one more tidbit of development that is occurring to show how the financial institutions are starting to seriously participate. It was in July 2025 that Ripple chose BNY, this is the Bank of New York, Melon to serve as the primary reserve custodian of the RLUSD stablecoin. They are doing so because they want to leverage its deep technology stack and enterprise solutions enabling the digital asset ecosystem to really really thrive. Now today we learned that BNY which has 59 trillion assets under management is moving into the UAE to first custody Bitcoin and Ethereum. Now if you were to take a guess how much do you think annually BNY spends on its technology?

[00:09:38]How about if I told you that their yearly tech spend was $4 billion US?

[00:09:47]That's why they have a strong innovation edge. Much of that technology is in AI.

[00:09:54]And you just can't ignore that every crypto CEO laying off staff in 2026 is citing AI. Now, analysts say that it's because of the bare market, but the uncomfortable truth is both are right.

[00:10:09]The Defiant came out with this news that Coinbase announced major staff cuts, slashing another 14% of its workforce.

[00:10:19]That's about 700 employees. And the CEO, Brian Armstrong, said that the shift to an AI native model is where they're going. But you also have to weigh in that Coinbase revenue dropped 26% as trading volumes have hit an 18month low.

[00:10:40]All right everybody, don't forget to watch this video with Vet and until next time, do take care for now. Bye bye.