So, how long for XRP to become this bridge and the price to be set up at high values? weeks, months, years? We are already waiting 7+ years, just a reminder.
Check your history...anything of value, computers, gold to paper, paper to credit cards, tv, internet, etc takes 20 years for mass adaption....things are moving exponentially nowdays so it seems it will be quicker on this one....7 years is nothing....check google or amazon
Keep dreaming bc that’s not what is going to happen. Nothing gets set HIGH Price As the ecosystem develops on XRPL and as STORAGE DEMAND for XRP (not just utility) increases it will gradually increase the value Storage demand comes not from bridging currencies but from the DEMAND to SUPPLY XRP as LIQUIDITY an as COLLATERAL in XRPL AMM and Lending protocols along with other DeFi and Institutional use cases Im sorry you were sold a false narrative about XRP but the faster you can realize that the path XRP is on is very different the better understanding you’ll have and secondly once you realize it’s not about NUMBER GO UP to generate wealth the sooner you’ll recognize additional opportunities Just my two cents Not financial advice just the cold hard truth
You have been in this space for 7 years but your comments is just like a newbie 😅asking price prediction you don't know what you hold you can't connect the dots dude?. I'm sad for you, I've been in this space for only 3 years but I knew what I'm holding. Even DeFi/AMM the vast majority who are holding XRP don't have an idea what DeFiAMM is all about.😅😅 DEEP DIVE TO YOUR OWN RESEARCH FOLKS 20:52
It's always just around the corner. And when it does not come to pass, there are 20000 excuses for it not having happened, and another 20000 reasons why it is now just moments away. Rinse and repeat.
You missed out the fact that ripples RLUSD will initially operate on the XRPL and ETH. It has to operate on rails but in both use cases XRP would be available to use for bridging! This is a game changer in the evolution of where these markets are going inline with upcoming stable coin regulation 😮
Xrp is strictly a swapping tool. But from my understanding the value of the xrp ( liquidity) must be equal to or higher than what assets are being swapped or it won’t work. Example only there is about 10 billion in liquidity on xrpl. If I send 20 billion into xrpl for the swapping? It won’t work. But as more and more banks, businesses use the xrpl the liquidity shall increase and the price of xrp. Conclusion: value of the xrp must be equal or greater than the assets being swapped. If billions or trillions are being swapped daily on xrpl? Than value of xrp needs a high value to cover all the transactions.
To me if I was a TH-camr, if you already have some bags packed for XRP, I wouldn’t buy no more I would diversify into the other coins. It took a bloodbath why XRP needs to finally prove itself. They got the strongest fundamentals in the world, but they’re still not proving themselves, so yes own some but please diversify..like Bitcoin and others and actively trade...don’t keep listening to these people saying bye-bye by XRP forever I own quite a bit but it still does not prove itself and they have quite a big supply billions and billions that could be sold on top of us at any time, but the fundamentals are great, but pleased diversify. managed to grow a nest egg of around 2.3Bitcoin to a decent 17Bitcoin....At the heart of this evolution is Whitney Eston , whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment.
Building a good investment portfolio is more complex so I would recommend you seek Whitney support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams...
The best signal provider in the market. Knowledgeable and level-headed, with no losses unlike some other traders who recently jumped on the bandwagon..
Lewis ive said it. Ripples strategy is to phase out xrp straticically without heavy reprocussions. Xrp 4 years ago was the tech... now? So they can keep xrp but shift focus to their ipo then readjust how their payment system is actually going to work. Ive always said a stable coin needs to be invented before they started all this narrative. One of the reasons i do not like btc or eth. I like ripple and BG m, but my suspicion is xrp is being dropped.
I wondered that too. Is there any evidence that it will be dropped? I was thinking there are to many retail investors with XRP for them to let it become to big.
Xrp is the native coin/token/gas of the XRPL. So anything that moves on XRPLedger uses XRP. Much like anything that is done on the Ethereum virtual machine (EVM) needs ETH. When you use USDT or USDC on Ethereum you need to burn ETH to move it. Same for XRPL.
Right and Financial institutions do not use the XRPL they use the ILP Ledger. XRP was suppose to be the "Bridge Currency" and on "Demand Liquidity" that is used by the Financial institutions using XRapid. Now with the Launch of RLUSD whats to stop it from becoming that bridge currency?
Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Yes! I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family and life ahead of me.
A stable coin that allows xrp to be used on multiple platforms gives more use case and allows for xrp to be used on projects built like flare finance allowing xrp to be the transaction fees but in order to maintain a long term use case the price of xrp to handle trillions not even considering the quadrillions that would potentially move on the ledger a minimum 50k set price is the only way xrp lasts as long if not longer than the current system.
XRP and the other ISO coins will be tied to commodities. The Brics will set it up to where each country has a primary coin tied to its biggest export kinda like say Venezuela will export oil and they may decide that Quant is the one tied to Oil and that will have its own price. I can’t see any other way for this to play out.
So what your saying is all the countries coins must be iso coins? There are very few iso coins. Less than 10 I think. So only 10 coins world wide will be used?
Am right in saying that this stable coin could help the price of XRP? As Ripple have plenty of customers to use RUSD and when that RUSD is transferred, XRP would be used as the bridge currency.
the most important feature was missing in the list what makes a currecny: stable in value . when the currency losing that it losing the acceptance. that what happening in Argentina right now ( 2024). until the value of any crypto fluctuates that much it wont be accepted as currency.
Yo Lewis thanks for your videos. It help a lot. I have a question..... How is the value of the XRP token valued. For example If the total XRP market cap is for example 1 Trillion Dollar and there is 100 Billion XRP each XRP token is worth 10 Dollar. So how will the XRP price increase. ... Does this make sense to you. There must be some other formula that is you that causes the XRP token price to increase the scarser it get. Do you know or under stand it?
I'm confused if it's backed by a dollar making it only worth 1 dollar. David S even said it can't be 1 dollar ... we would run out too soon with the amount of money that gets transferred and moved around in a day.. month .. heck a year even.. and the burn rate even though its small but over time that burn rate would kick up.. we only have what, 100bil right? with only 49 bill in circulation. I just can't make this add up in my head help me, please.
yeah, but the pump and dump of XRP is in seconds. It doesn’t need a lot of money in XRP. It’s on demand liquidity. institutions are not holding XRP as a reserve currency. They have their own reserve currency. It’s just a vehicle to transport it equal value. Very efficient and fast so there’s no value change between currencies.
Great suggestion! A market recap is definitely on the list-thanks for the nudge. Stay tuned, and in the meantime, feel free to check out insights on my Instagram: instagram.com/lewis.w.jackson/.
I really appreciate the dedication in each video you post. Despite the economic recession, I still thank you for the level-headed financial advice. I started crypto investment with $4,345 and since following you for few weeks now, I’ve gotten $18,539 in my portfolio. Thanks so much Elizabeth Wesley
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
the dollar is suposed to be backed by Gold. ZIM just introduced a gold back currency and there is pressure wold wide to back the FIAT system with assets. My prediction.... XRP will become a stable coin used for world wide payments..... BRICS is already a power house and refuse to use the dollar. 30 more countries have applied to join and use their own method of payment which will be asset based. XRP has a volatility to it now , but we have been in a massive testing phase iron out all glitches.
Stable Coin is only for settlement but to bridge al transactions s XRP via XRPL and all ledger of the different Blockchain company are Interoperable to each other seamlessly.
The inflationary money we have nowadays was NOT made by the governments, but by the central banks! Who now control the governments too, which all are in huge debt with them.
I picture Ripples Stablecoin as a trailer where you load the value and the XRP token as the vehicle that moves the value. The new Stablecoin should be backed by the dollar while the XRP token should be backed by gold. RUSD or USDX would be great either way.
Thank you very much for this Lewis. This made made perfect sense. It's also now clear why XRP hasn't moved. I think we were all hoping that XRP would be the vehicle to move currency between nations. Which is why the speculation of the value went into some wild numbers. So that part is really disappointing. If their plan is use it for Tokenizarion, then it's use case is lost. Ondo is the one, since Blackrock chose it. This was very disappointing to hear, but I'm so glad you laid out the facts so I can pivot out of XRP before the last leg of the bullrun
Hey, I don’t think I’ve seen you here before-welcome! If you ever have questions or need help, let me know. The best place to reach me is on Instagram: instagram.com/lewis.w.jackson. By the way, here are some of my audience’s favourite videos you might find helpful: Everything You Need To Know About XRP In 19 Minutes: th-cam.com/video/Vft2k67glj8/w-d-xo.html How Much XRP Do You Need To ACTUALLY Retire: th-cam.com/video/i3c5jTRAD7M/w-d-xo.html You’ll See This When God Knows You’re Ready To Hear It: th-cam.com/video/ERaH1i2-nRc/w-d-xo.html Thanks for being part of the community! - Lewis
Interesting watching this with the benefit of time passing..., would you still say the same today regarding XRP 'NOT' backing RLUSD...? (sorry Lewis they didn't choose your preferred label)... 🤷♂
Hey i am new to any of these but 1 guy told just buy it, Shall i buy it 1000 dollar worth and worry not about and how much will it be after 10 years from now
100% there will be a market for a US digital stable coin. Big portion of the world moving over to the BRICS. So US will need something. But as things move digital, We not working with old swift system. Few clicks with a mouse & digital money transferred. So why would XRP be needed for bridge currency?
Thank you Lewis. I have a question though, If a house is tokenised on the xrp ledger, does that mean if the house is valued at say $500,000 does that mean $500,000 worth or xrp will be locked up so to speak? TIA.
All it would be is a title deed stored on the blockchain with the name of the owner on it (If i wanted the house, I pay you 500K in anything of value and the name of the title deed is changed to my name instantly). So if i wanted to pay you in 500K worth of tokenized cheese, I'll send that to a escrow service and only after the contracts are signed and digitized do you receive the cheese and my name is on the title deed as the new owner).
@@johnnochard4974 All you're doing is giving someone digital ownership with physical access (Unless you have a climate controlled room for 250 wheels of cheese). Anything of value that's tokenized can be used as payment (If the seller accepts).
fantastic but then does that mean 1. trading pairs is a form of tokenisation 2. does that mean a Xrp: Rusd (rlusd) trading pair is a posiibility and if so does that mean 3 its a 1:1 value 1 Xrp = 1 rlUsd thanks great information as always
very interesting but the only thing that I don't understand is: let's suppose that during the first transaction from GBP to XRP, XRP costs 5 dollars. The recipient receives his XRP and he wants to exchange it in EUR but maybe in that moment XRP can worth 5,1 dollars or 4,9 for example. isn't a problem this change of value? every transactions someone can lose ore earn some money, even if we are talking about a very small quantity there's same a difference...
@@PierangeloBuonarroti123 i think thats why xrp is called a instant settling system and the way the public blockchain works. Ones the transaction is done, i think the price cant change anymore, as the transaction is pear to pear, without going threw a 3rd party like an exchange for example
After watching 100+ videos about XRP, I still don't understand what would make the value skyrocket like some folks think it will. I hold about 100 xrp, and when the end of the lawsuit is imminent, I might buy some more. I don't think the price is going to go down... Not one person has made a case for it going "to the Moon" in plain English. Useful for banks? Yes. Valuable? I don't see it.
Confirmed to be called RLUSD for Ripple Labs but CEO etc call it "real USD" =) I agree with the sentiment that its a bit frustrating to hold XRP at the moment, however it seems institutions and others really want to buy at this .50 +- 5% mark.
Excellent tutorial to better understand the difference between XRP and Ripples stablecoin RUSD. Thanks Lewis. Keep on doing your excellent work!
Its the most frustrating coin to hold,
🤡
Only when u dont know what u hold
I’ll take them off your hands. Send them to mr
lol. Yup. Just hold and chill. 👍
Then earn money while holding it via defi
The best single word I’ve heard to describe XRP is “Equivalency”
Papexnova to $15 this bull run for sure 🔥🔥
What is de contract address of Papexnova.??
I enjoyed that. Thank you. That was very enlightening.
So, how long for XRP to become this bridge and the price to be set up at high values? weeks, months, years? We are already waiting 7+ years, just a reminder.
Check your history...anything of value, computers, gold to paper, paper to credit cards, tv, internet, etc takes 20 years for mass adaption....things are moving exponentially nowdays so it seems it will be quicker on this one....7 years is nothing....check google or amazon
Keep dreaming bc that’s not what is going to happen. Nothing gets set HIGH Price
As the ecosystem develops on XRPL and as STORAGE DEMAND for XRP (not just utility) increases it will gradually increase the value
Storage demand comes not from bridging currencies but from the DEMAND to SUPPLY XRP as LIQUIDITY an as COLLATERAL in XRPL AMM and Lending protocols along with other DeFi and Institutional use cases
Im sorry you were sold a false narrative about XRP but the faster you can realize that the path XRP is on is very different the better understanding you’ll have and secondly once you realize it’s not about NUMBER GO UP to generate wealth the sooner you’ll recognize additional opportunities
Just my two cents
Not financial advice just the cold hard truth
You have been in this space for 7 years but your comments is just like a newbie 😅asking price prediction you don't know what you hold you can't connect the dots dude?. I'm sad for you, I've been in this space for only 3 years but I knew what I'm holding. Even DeFi/AMM the vast majority who are holding XRP don't have an idea what DeFiAMM is all about.😅😅 DEEP DIVE TO YOUR OWN RESEARCH FOLKS 20:52
It's always just around the corner. And when it does not come to pass, there are 20000 excuses for it not having happened, and another 20000 reasons why it is now just moments away. Rinse and repeat.
@@Bread_Garlichouse Agree.
Where to buy that Papexnova ?
If Papexnova has the growth as it has atm then no doubts it will dominate the industry
Thank you for the job here. Normal people can't understand what we are try to say. I just feel myself lonelier.
🤣
Spot on, great help and commentary on RUSD AND XRP love it
This is super helpful to clarify and understand. thank you
You missed out the fact that ripples RLUSD will initially operate on the XRPL and ETH. It has to operate on rails but in both use cases XRP would be available to use for bridging!
This is a game changer in the evolution of where these markets are going inline with upcoming stable coin regulation 😮
Xrp is strictly a swapping tool. But from my understanding the value of the xrp ( liquidity) must be equal to or higher than what assets are being swapped or it won’t work. Example only there is about 10 billion in liquidity on xrpl. If I send 20 billion into xrpl for the swapping? It won’t work. But as more and more banks, businesses use the xrpl the liquidity shall increase and the price of xrp. Conclusion: value of the xrp must be equal or greater than the assets being swapped. If billions or trillions are being swapped daily on xrpl? Than value of xrp needs a high value to cover all the transactions.
Thanks for clearing that up
It wont do anything to the price when XRP is highly manipulated .
Every token is highly manipulated. The entire market is.
Usdt is the market maker and whitewash everyone usdt is now or soon gone non compliant to mica regulations
So tether vs beta test coin isnt manipulated????
To me if I was a TH-camr, if you already have some bags packed for XRP, I wouldn’t buy no more I would diversify into the other coins. It took a bloodbath why XRP needs to finally prove itself. They got the strongest fundamentals in the world, but they’re still not proving themselves, so yes own some but please diversify..like Bitcoin and others and actively trade...don’t keep listening to these people saying bye-bye by XRP forever I own quite a bit but it still does not prove itself and they have quite a big supply billions and billions that could be sold on top of us at any time, but the fundamentals are great, but pleased diversify. managed to grow a nest egg of around 2.3Bitcoin to a decent 17Bitcoin....At the heart of this evolution is Whitney Eston , whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment.
I heard her strategies are really good, How do I reach your Coach/mentor...
She's mostly interacts on Telegrams, using the user-name...
@WhitneyEston
Building a good investment portfolio is more complex so I would recommend you seek Whitney support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams...
The best signal provider in the market. Knowledgeable and level-headed, with no losses unlike some other traders who recently jumped on the bandwagon..
But how does the value of xrp goes up ?
Smartcontracts
@@Lucaaaa710
The XRPL cannot do on-chain smart contracts.
Thank you again, Lewis!
Lewis ive said it. Ripples strategy is to phase out xrp straticically without heavy reprocussions. Xrp 4 years ago was the tech... now? So they can keep xrp but shift focus to their ipo then readjust how their payment system is actually going to work. Ive always said a stable coin needs to be invented before they started all this narrative. One of the reasons i do not like btc or eth. I like ripple and BG m, but my suspicion is xrp is being dropped.
I wondered that too. Is there any evidence that it will be dropped? I was thinking there are to many retail investors with XRP for them to let it become to big.
@@Quantumfuturestrader At the same time, xrp is the backbone of ripple, dropping xrp would put investor confidence to zero
Xrp is the bridge to any token or stable coin
Thank you for a very clear and simple breakdown. Like many other people in the space I was worried about that too. Now I understand finally.
Thank you for making this easy to understand. It was great!
Xrp is the native coin/token/gas of the XRPL. So anything that moves on XRPLedger uses XRP. Much like anything that is done on the Ethereum virtual machine (EVM) needs ETH. When you use USDT or USDC on Ethereum you need to burn ETH to move it. Same for XRPL.
Right and Financial institutions do not use the XRPL they use the ILP Ledger. XRP was suppose to be the "Bridge Currency" and on "Demand Liquidity" that is used by the Financial institutions using XRapid. Now with the Launch of RLUSD whats to stop it from becoming that bridge currency?
Jumping in to the Papexnova with y'all 🐸🚀
Excellent explanation!
Thanks but I still don’t see why 6 a second transfer time in XRP is not stable enough? And have we left cross border payments to the new stable coin
XRP XLM XDC are a perfect examples of being calm like a bomb... Simply a matter of time till it changes lives!
A decade, maybe.
@@woofolliesmydog8628 by 2030 xrp will be $10
Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
Yes! I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family and life ahead of me.
Lewis 🔥 video love it , if your content is breaking stuff down you do amazing brother love it
Great video... thanks you so much for explaining!!
Thank you for that excellent breakdown.
Your drawings really helped thx
A stable coin that allows xrp to be used on multiple platforms gives more use case and allows for xrp to be used on projects built like flare finance allowing xrp to be the transaction fees but in order to maintain a long term use case the price of xrp to handle trillions not even considering the quadrillions that would potentially move on the ledger a minimum 50k set price is the only way xrp lasts as long if not longer than the current system.
Hi lewis ,will there be a airdrop for xrp holders
Social media all saying XRP going to sore which usually means the opposite.
it's been 7 years.... 7 years social media has been saying this.
@ThePeacemaker848 So many whales in XRP... not to mention it's own owners.... They will keep taking profits and hold down the price.
Good clear info. Thank you
XRP and the other ISO coins will be tied to commodities. The Brics will set it up to where each country has a primary coin tied to its biggest export kinda like say Venezuela will export oil and they may decide that Quant is the one tied to Oil and that will have its own price. I can’t see any other way for this to play out.
So what your saying is all the countries coins must be iso coins? There are very few iso coins. Less than 10 I think. So only 10 coins world wide will be used?
BRICS will not use a California company’s token.
Super helpful video! Doesn't Circle have a product comparable to XRP that's just as good, like XLM or XDC?
Every country will have its stable coin backed by thier own currency xrp can bridge them. ? or is xrp bridging the CBDC`s
Thank you Lewis for educating me about Crypto Currency in general
You made everything crystal clear. Thank you so much!
Am right in saying that this stable coin could help the price of XRP? As Ripple have plenty of customers to use RUSD and when that RUSD is transferred, XRP would be used as the bridge currency.
Ripple will sell billions of escrow XRP in order to build the pool of USD to back Ripple’s RLUSD.
But wasn’t Xrp meant to be the cross border transaction token? Banks won’t use Xrp if they can use RUSD
the RLUSD can settle on the x r p Ledger- people forget the Ledger is the 'secret sauce'
Lewis, FYI, it's RLUSD not RUSD, Real USD (RLUSD).
Who is ripple first bank?
No banks are using XRP at scale.
Morning Lewis, the way you explain the XRP stable coin means that XRPs value will be between $20- $50 then what happens to XRP can't be cheap.....JEFF
Thank you MR. Jackson
And XRP value ?? as your heading suggests ?.
the most important feature was missing in the list what makes a currecny: stable in value . when the currency losing that it losing the acceptance. that what happening in Argentina right now ( 2024). until the value of any crypto fluctuates that much it wont be accepted as currency.
Great video, Lewis. Are you holding xrp still, what triggers your sell points?
Mbridge will replace xrpl or are they working together please do a video on that. BRICS will be adopting Mbridge platform.
Yo Lewis thanks for your videos. It help a lot. I have a question..... How is the value of the XRP token valued. For example If the total XRP market cap is for example 1 Trillion Dollar and there is 100 Billion XRP each XRP token is worth 10 Dollar. So how will the XRP price increase. ... Does this make sense to you. There must be some other formula that is you that causes the XRP token price to increase the scarser it get. Do you know or under stand it?
understand that price sets the market cap not the other way around then it makes sense
@@deanskidmore4495 Thanks
Nice vlog yet again 👍
This is what I have been saying for years. XRP has a globally functional use. Its just a matter of time before it goes way up in value.
No one uses XRP.
@@tz6516 oh dear oh dear 🤦
good video
I'm confused if it's backed by a dollar making it only worth 1 dollar. David S even said it can't be 1 dollar ... we would run out too soon with the amount of money that gets transferred and moved around in a day.. month .. heck a year even.. and the burn rate even though its small but over time that burn rate would kick up.. we only have what, 100bil right? with only 49 bill in circulation. I just can't make this add up in my head help me, please.
yeah, but the pump and dump of XRP is in seconds. It doesn’t need a lot of money in XRP. It’s on demand liquidity. institutions are not holding XRP as a reserve currency. They have their own reserve currency. It’s just a vehicle to transport it equal value. Very efficient and fast so there’s no value change between currencies.
@whogothit thank you
Will XRP be worth more the RLUSD?
Crystal clear explanation Lewis, thank you 😊
so the whole of the forex market then?
How does tokenization prevent the problem of fiat currency's continued expansion without added value?
Thoughts on the TPS dropping to 8 on the ledger these last few months? Same as it was 7 years ago
Should do a recap for current market situation
Great suggestion! A market recap is definitely on the list-thanks for the nudge. Stay tuned, and in the meantime, feel free to check out insights on my Instagram: instagram.com/lewis.w.jackson/.
Still aren't there better solutions to tokenization of assets than xrp?
I really appreciate the dedication in each video you post. Despite the economic recession, I still thank you for the level-headed financial advice. I started crypto investment with $4,345 and since following you for few weeks now, I’ve gotten $18,539 in my portfolio. Thanks so much Elizabeth Wesley
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
I'm new at this, please how can I reach her?
The first time we had tried, we invested $1400 and after a week we received $5,230. That really helped us a lot to pay our bills.
Why does it feel like we will all be over 100 years old before any of this happens?
Lewis - do you get paid to talk about xrp ?
if rusd goes 20x, what does that mean for xrp?
How you feeling for 4th December Lewis? Feeling good bro?
Awesome and informative clip
the dollar is suposed to be backed by Gold. ZIM just introduced a gold back currency and there is pressure wold wide to back the FIAT system with assets. My prediction.... XRP will become a stable coin used for world wide payments..... BRICS is already a power house and refuse to use the dollar. 30 more countries have applied to join and use their own method of payment which will be asset based. XRP has a volatility to it now , but we have been in a massive testing phase iron out all glitches.
How is Papexnova better than anything else right now?
Stable coins don't solve friction issues they are 1$ for 1$ not 10 k each and does not operate out side issuers realm
Stable Coin is only for settlement but to bridge al transactions s XRP via XRPL and all ledger of the different Blockchain company are Interoperable to each other seamlessly.
@@XassetshodlRPyes
So when moving rusd from one wallet to another rusd wallet, will that move be using xrpl?
CBDC/ STABLE COins Whats the diff
Hi Lewis - Im trying to understand how XRP created the initial 100 billion tokens using a pre-mining strategy. That sounds pretty convenient!
This case that is going to trial on Brad in California is surely going to affect XRP price and Ripple as a company, how concerned are you about this ?
So if all currencies go through xrp. Wouldn’t it be xrp is the stability and all others fluctuate around it.
But what I took away from this is that xrp isn’t targeted at, “all the money” any more.
Good point
In 3 days, all the frustrated ppl will cry.
The inflationary money we have nowadays was NOT made by the governments, but by the central banks! Who now control the governments too, which all are in huge debt with them.
What does it all mean for the price of XRP? Will the XRP price go up over time, how far it can go?
I picture Ripples Stablecoin as a trailer where you load the value and the XRP token as the vehicle that moves the value. The new Stablecoin should be backed by the dollar while the XRP token should be backed by gold. RUSD or USDX would be great either way.
A well timed video for RLUSD, one day before it was announced
Thank you very much for this Lewis. This made made perfect sense. It's also now clear why XRP hasn't moved. I think we were all hoping that XRP would be the vehicle to move currency between nations. Which is why the speculation of the value went into some wild numbers. So that part is really disappointing. If their plan is use it for Tokenizarion, then it's use case is lost. Ondo is the one, since Blackrock chose it. This was very disappointing to hear, but I'm so glad you laid out the facts so I can pivot out of XRP before the last leg of the bullrun
Did that drawing pass the Cowey test?
Hey, I don’t think I’ve seen you here before-welcome! If you ever have questions or need help, let me know. The best place to reach me is on Instagram: instagram.com/lewis.w.jackson.
By the way, here are some of my audience’s favourite videos you might find helpful:
Everything You Need To Know About XRP In 19 Minutes: th-cam.com/video/Vft2k67glj8/w-d-xo.html
How Much XRP Do You Need To ACTUALLY Retire: th-cam.com/video/i3c5jTRAD7M/w-d-xo.html
You’ll See This When God Knows You’re Ready To Hear It: th-cam.com/video/ERaH1i2-nRc/w-d-xo.html
Thanks for being part of the community!
- Lewis
Interesting watching this with the benefit of time passing..., would you still say the same today regarding XRP 'NOT' backing RLUSD...? (sorry Lewis they didn't choose your preferred label)... 🤷♂
Hey i am new to any of these but 1 guy told just buy it,
Shall i buy it 1000 dollar worth and worry not about and how much will it be after 10 years from now
@@nitaigauranga4586 do half snd half
100% there will be a market for a US digital stable coin. Big portion of the world moving over to the BRICS. So US will need something. But as things move digital, We not working with old swift system. Few clicks with a mouse & digital money transferred. So why would XRP be needed for bridge currency?
It's been pretty stable at 50 cents..
Thanks for the update. I bet those Papexnova token holders aren't too worried about the markets.
Thank you Lewis. I have a question though, If a house is tokenised on the xrp ledger, does that mean if the house is valued at say $500,000 does that mean $500,000 worth or xrp will be locked up so to speak? TIA.
All it would be is a title deed stored on the blockchain with the name of the owner on it (If i wanted the house, I pay you 500K in anything of value and the name of the title deed is changed to my name instantly).
So if i wanted to pay you in 500K worth of tokenized cheese, I'll send that to a escrow service and only after the contracts are signed and digitized do you receive the cheese and my name is on the title deed as the new owner).
@@nonnegotiable2777 That's a lot of cheese Lewis. Thanks for clarifying.
@@johnnochard4974 All you're doing is giving someone digital ownership with physical access (Unless you have a climate controlled room for 250 wheels of cheese).
Anything of value that's tokenized can be used as payment (If the seller accepts).
@@johnnochard4974 On your bike!
Makes no sense , Only have to send RLUSD , no need to bridge anything , the RLUSD does the bridging .
fantastic but then does that mean 1. trading pairs is a form of tokenisation 2. does that mean a Xrp: Rusd (rlusd) trading pair is a posiibility and if so does that mean 3 its a 1:1 value 1 Xrp = 1 rlUsd thanks great information as always
very interesting but the only thing that I don't understand is: let's suppose that during the first transaction from GBP to XRP, XRP costs 5 dollars. The recipient receives his XRP and he wants to exchange it in EUR but maybe in that moment XRP can worth 5,1 dollars or 4,9 for example. isn't a problem this change of value? every transactions someone can lose ore earn some money, even if we are talking about a very small quantity there's same a difference...
@@PierangeloBuonarroti123 i think thats why xrp is called a instant settling system and the way the public blockchain works. Ones the transaction is done, i think the price cant change anymore, as the transaction is pear to pear, without going threw a 3rd party like an exchange for example
Bro didn’t you get your crypto jacked ?
fix your mic echo please....
Am i the only one who have to crank the volume up to max to hear your videos ?
Yes
It’s low on my end
Hi now predict xrp value
Great video, but the bots in this comment area are ridiculous!
After watching 100+ videos about XRP, I still don't understand what would make the value skyrocket like some folks think it will. I hold about 100 xrp, and when the end of the lawsuit is imminent, I might buy some more. I don't think the price is going to go down... Not one person has made a case for it going "to the Moon" in plain English. Useful for banks? Yes. Valuable? I don't see it.
Confirmed to be called RLUSD for Ripple Labs but CEO etc call it "real USD" =) I agree with the sentiment that its a bit frustrating to hold XRP at the moment, however it seems institutions and others really want to buy at this .50 +- 5% mark.