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@RippleXrpie - JackTheRippler ©️
BOOOOOOOOOOOOOOOOOOM!!! Final Pretrial Conference on 4/16/2024 Ripple Makes Major Move, Unlocks Second Batch of 500 Million #XRP From Escrow today. It seems like SETTLEMENT is on the way! 🚀📈 https://t.co/nlzCjk0ADp
@RippleXrpie - JackTheRippler ©️
BOOOOOOOOOOOOOOOOOOM!!!! The US dollar will lose its world reserve currency status and #XRP will become a world reserve currency. That is Ripple's GOAL! 🚀📈 https://t.co/H2zLa5mytK
Video Transcript AI Summary
There is a possibility that multiple world reserve currencies can exist simultaneously. Many countries are becoming disillusioned with the US dollar as the reserve currency and are open to trying something else. One potential scenario is if countries realize that the US dollar will not remain the reserve currency forever. Similar to banks, smaller banks would not want to use a system built by their biggest competitors. Likewise, nations would prefer their currency to be the world reserve currency, but realistically, only a few countries could achieve this. Therefore, some countries might prefer a currency that nobody can control rather than one controlled by their rivals. The challenge lies in getting everyone to agree on an alternative.
Full Transcript
Speaker 0: Do you believe that there can existing world reserve currencies to, I mean, to to simultaneously exist? I I do, and I think that could happen. I think it's quite realistic that a lot of the world is just done with the dollar as the reserve currency. I and I think that there's a lot of places that are are willing to try something else. And, you know, one of my One of my scenarios, and I don't think again, I don't think it's gonna play out quickly, but, like, one of my wild case success scenarios for a digital asset is if countries start to realize that the US dollar is not gonna be the reserve currency forever.
Other things are gonna be the reserve currency. And And the same thing that we saw with banks. Like people when I when we started selling software to banks, people would say to me, you know, why would a bank use something that, like, You guys were selling them when they could use something that was, like, made by banks. And what they didn't realize is that, you know, only, like, 10 banks in The country, in the on the planet are Deutsche Bank, HSBC, Credit Suisse, JPMorgan Chase, like the ones who would build a system that the entire planet would run on. For the rest the banks, that's 6,000 smaller banks.
Those are their biggest, strongest competitors. Those are the entities they hate the most. They would not wanna use the system Built and maintained by them because it's gonna be biased in favor of them, their biggest and strongest competitors. And I think the same thing could happen to nations. Like, every nation would love for their currency to be the world reserve currency.
That's helped the US, you know, that's grown the US economy unquote, unquote, unfairly by leaps and bounds for decades, and every other country would be like, yeah, we'd like to have the world's be the world's reserve currency. But the only countries that could possibly pull it off is the US holding its position, You know, maybe the EU, maybe Russia, you know, maybe maybe 1 or 2 others, but realistically, most countries know that if there's gonna New world reserve currency that's a country's currency, it's not gonna be them. And so they might actually prefer a currency that nobody can control to one that's controlled by their largest geopolitical rivals. And so that's like what I think is the biggest possible success scenario for for the for digital for, you know, for digital assets? If these countries are like, okay, well, the US dollar can't hold on forever.
But it's not gonna be our currency because no one's gonna wanna repeat the US dollar scenario. You know, nobody but the EU wants the EU to replace the dollar. Right? Nobody but Russia wants the ruble to replace the dollar. Nobody but China who wants the, you know, the yuan to replace the dollar.
So maybe they could settle on a currency that nobody control, could control rather than 1 controlled by their most powerful geopolitical rivals. So if you want a success scenario, that's the one that I think is the most likely. But the money question is, how do you get everybody to agree? Well, I mean, they might agree on they might agree if the alternative is that their geopolitical rivals force Some new replacement for the dollar that that's not, you know, that that that just or if they just replace, you know, the old boss with a new boss. If the choice is no boss, you know, if If that happens to make a bunch of cryptocurrency people rich, I don't think that's gonna they're gonna see that.
It's too much of a minus. That's good. Yeah. It's great talking to you guys. I I got 1 question.
Just 1 quick question, David. One moment. Thank you, David. It's kind of
@RippleXrpie - JackTheRippler ©️
Look at this "GLITCH" or this the real price? $9,868 per #XRP
@RippleXrpie - JackTheRippler ©️
BOOOOOOOOOOOOOOOOOOOOOOM!!!! First domestic CBDC transaction on the #XRPL in Palau Cross border settlement soon: CBDC --> #XRP --> CBDC PALAU --> America
Video Transcript AI Summary
The speaker discusses scanning a QR code and mentions an amount of 4.60. They mention that the network speed affects the process and that you can refresh the page to see the changes. They also mention adding 468 to the previous amount. The video ends with a final amount of 682.
Full Transcript
Speaker 0: Okay. So 460. So scan. Scan the QR code, and then scan the QR code. 4.6.
4.6 amount. 4.60. 68. Hi. K.
Usually, this, slow. Is it it's just how quick the network is. Money cents. And on your side actually, you see that? You can refresh it.
That was 682. We would have plus 468. Oh, 5. There you go.