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    XRP IS NO ORDINARY CRYPTO! – DID RIPPLE REPLACE SWIFT 5 YEARS AGO? – REMEMBER THIS 2021 $10K GLITCH?



    XRP IS NO ORDINARY CRYPTO! – DID RIPPLE REPLACE SWIFT 5 YEARS AGO? – REMEMBER THIS 2021 $10K GLITCH?

    XRP IS NO ORDINARY CRYPTO! – DID RIPPLE REPLACE SWIFT 5 YEARS AGO? – REMEMBER THIS 2021 $10K GLITCH?

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    This video is about XRP. This video is about XRP and Ripple. Huge XRP update you need to see.
    XRP Update, Ripple Update, Ripple XRP News: Latest News

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    Hey, I am Rich from Common Sense Crypto, bring you crypto news & information regarding the cryptocurrency market. The content on my channel will focus on news, common sense, insights and overall guides regarding XRP, Bitcoin, Ethereum, HBAR, & various altcoins.

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    22 Comments

    1. @CommonSenseCryptoYT on

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    5. @SSGJohn on

      Ripple Prime utilizes both RLUSD and XRP to provide institutional-grade trading, settlement, and financing services. [1, 2]

      How They Are Used Together
      While both assets are central to the platform, they serve distinct, complementary roles: [1, 2, 3]
      * RLUSD (Stablecoin):
      * Collateral: Used as the primary stable collateral for cross-margining and derivatives, such as BTC options on Bullish.
      * Settlement: Provides a predictable, dollar-pegged asset for settling trades instantly on the XRP Ledger (XRPL) and Ethereum.
      * Liquidity Pair: Acts as a foundational trading pair for other digital assets within the prime brokerage system.
      * XRP (Cryptocurrency):
      * Bridge Asset: Facilitates fast, low-cost liquidity for cross-border and multi-asset transfers.
      * Collateral Expansion: Under recent updates from CEO Mike Higgins, XRP is being deployed as institutional collateral alongside Bitcoin and Ethereum.
      * Native Ledger Utility: As the native asset of the XRPL, it powers the underlying infrastructure where Ripple Prime settles high-volume transactions. [1, 2, 3, 4, 5, 7, 8, 9, 10, 11]

      Core Integrated Features
      1. Cross-Margin Efficiency: Institutions can hold both XRP and commodities (like gold or oil) within a single margin framework, often using RLUSD as the unified collateral to back these positions.
      2. OTC Spot Trading: Clients can execute Over-The-Counter (OTC) spot trades for both assets directly through the platform.
      3. Institutional On-Ramp: By combining a regulated stablecoin (RLUSD) with a high-speed bridge asset (XRP), Ripple Prime provides a dual-track for firms to manage treasury and trading risk.

    6. @SSGJohn on

      Ripple connects to the Depository Trust & Clearing Corporation (DTCC) through strategic leadership overlaps and joint institutional blockchain pilot programs.While Ripple does not own or govern the DTCC, the two companies interact through several specific institutional channels.🏛️ Former Leadership AlignmentThe primary connection stems from a major leadership overlap.Donald Donahue: The former Chairman and CEO of the DTCC joined the Ripple Labs advisory board.Strategic Role: Donahue joined Ripple to guide its regulatory compliance and help traditional banks adopt blockchain infrastructure.🌐 Digital Asset Working GroupsRipple and the DTCC interact through industry-wide financial technology consortiums.Tokenization Pilots: Both organizations participate in financial working groups to explore how tokenizing real-world assets (RWA) can speed up settlement times.Interoperability Standards: Ripple collaborates with institutional platforms to align the XRP Ledger with standard banking rules, which directly overlap with the DTCC's push into digital assets.🔄 Shared Financial Rail GoalsBoth entities serve the same fundamental purpose but use different technology.DTCC Infrastructure: The central clearinghouse for the vast majority of U.S. securities transactions.Ripple Cross-Border Network: A decentralized network built to clear and settle international bank payments instantly.The Synergy: Traditional clearing firms use Ripple's technology to reduce the capital liquidity requirements typically managed by clearinghouses like the DTCC.

    7. @SSGJohn on

      The DTCC has indeed filed a patent related to using cryptocurrencies like XRP and XLM to create a digital liquidity token system. 
      Here's a breakdown of what that means:
      * Patent Focus: The patent, titled "Systems, Methods, and Storage Media for Managing Digital Liquidity Tokens in a Distributed Ledger Platform," outlines a framework for tokenizing liquidity across various asset classes.
      * Role of XRP and XLM: XRP and XLM are explicitly listed as compatible networks within this cross-ledger liquidity framework. They are structurally supported within the system's modular bridge architecture, not just mentioned in passing.
      * Reasons for Choosing XRP and XLM: The patent suggests that XRP and XLM are chosen because they offer low latency, minimal cost, and high-speed transactions, making them suitable for real-time liquidity functions and cross-chain interoperability.
      * Implications: This patent indicates a strategic move by the DTCC towards leveraging blockchain technology to modernize financial infrastructure. It suggests that networks like XRP and Stellar could play key roles in facilitating real-time settlement and efficient cross-border payments within a tokenized system.
      * Potential for Integration: The patent also points to the possibility of integrating regulated stablecoins and other digital assets onto these networks to enhance liquidity and programmability. 
      In summary, the DTCC's patent related to a digital liquidity token system, with its specific inclusion of XRP and XLM, demonstrates the organization's interest in exploring and potentially utilizing these cryptocurrencies for large-scale financial applications.

    8. @SSGJohn on

      XRP and XLM are both cryptocurrencies designed to revolutionize cross-border payments, but they have distinct approaches and target audiences.  
      XRP (Ripple):
      * Focus: XRP's primary focus is on institutional use and bank-to-bank transfers. It aims to improve the efficiency of cross-border payments for large financial institutions.
      * Technology: XRP operates on the XRP Ledger, a permissioned blockchain network controlled by Ripple. It utilizes the Ripple Protocol Consensus Algorithm (RPCA), which relies on a network of trusted validators to confirm transactions.
      * Advantages:
      * Faster and Cheaper Transactions: XRP transactions settle in seconds with minimal fees compared to traditional methods.
      * On-Demand Liquidity (ODL): XRP serves as a bridge currency, enabling financial institutions to reduce the need for pre-funded accounts in multiple currencies.
      * Institutional Adoption: Ripple has partnered with numerous banks and financial institutions globally to enhance cross-border payments.
      * Challenges:
      * Regulatory Uncertainty: Ripple has faced legal challenges regarding XRP's classification as a security.
      * Centralization Concerns: Some critics argue that XRP's centralized nature, controlled by Ripple, is a drawback. 
      XLM (Stellar Lumens):
      * Focus: XLM, on the other hand, prioritizes financial inclusion and accessibility for individuals and small businesses, particularly in developing regions.
      * Technology: Stellar operates on a decentralized, open-source networkpowered by the Stellar Consensus Protocol (SCP). SCP uses a federated Byzantine agreement model, emphasizing decentralization and transparency.
      * Advantages:
      * Low Transaction Fees: XLM transactions have extremely low fees, making them suitable for micropayments and remittances.
      * Speed: XLM transactions are typically confirmed in 3-5 seconds.
      * Financial Inclusion: Stellar aims to provide financial services to the unbanked and underbanked populations.
      * Partnerships: Stellar has partnered with various organizations, including MoneyGram and IBM, to expand its reach and impact.
      * Challenges:
      * Lower Market Adoption: While Stellar has gained traction, it lacks the same institutional backing as XRP.
      * Regulatory Landscape: Like other cryptocurrencies, Stellar faces challenges navigating international financial regulations. 

      Both XRP and XLM offer fast, cost-effective solutions for cross-border payments compared to traditional methods. However, their specific use cases and target markets differ, making them suitable for different needs within the evolving global financial landscape.

    9. @SSGJohn on

      The problem with people is they want money now, but they don’t see the big picture. Literally, everybody’s talking about ripple have went up in price and they have done anything which it takes time to blink the entire plumbing system. They gonna turn on the hot water at your house when they haven’t finished building the house, putting all the plumbing together ripple has bought most companies and put itself in the financial system all over the place so he has to use for clearing for every financial needs but since circus come out of the woodwork and the DTCC says it’s not gonna just use one. Crypto everybody say ripple is down. It’s not going up. It’s all over for them, but don’t realize who sitting on a damn board or near a board or have a company that’s into the system already while everybody’s playing checkers and chess Ripley is playing for chess in the background quietly

    11. @keithbox7407 on

      Love your content Rich. I believe XRP will hit higher digits much sooner. I think AI with expedite this much more quickly. Just my thoughts.

    12. @RussellYardley on

      It would not surprise me if XRP is used by Swift. But what does surprise me is how no-one is accusing Ripple of a massive deception which has wrecked tens of thousands of retail investors. And watch how suddenly Circle is suddenly acquired by Ripple when it actually happened a couple of years ago. Ripple is lying about everything.

    14. @Cryptowelder on

      Bro xlm, xrp, nothing has or is breaking out #1 until they go past all time highs, thats what a breakout is, what you call a break out ISNT a breakout of anykind

    16. @codingispower1816 on

      Ripple is taking over swift? Really? If they did is XRP not being used???? If it were then xrp would be a high price right? So NO ripple didn't replace swift……or they arent using xrp for settlement like they said they would…..total bull $hit

    22. @kiptolentino on

      You only get so many chances to be early to something that’s actually good. I’ve missed them before. This time, with Cadwiin, I’m not hesitating.

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