Ripple Wins Again , XRP Is 2nd Generation Bitcoin & ATWAS File

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Ignition sequence start 6 5 4 3 2 1 zero lift off we have a lift Off hey everybody this is the digital asset investor and we things are getting exciting for ripple they just are I’m going to continue a little bit of that conversation about um the standard custody purchase I think is my understanding but first I want to show you this net inflow in Bitcoin spot

ETF greater than three billion in a month Gold ETS achieved this in two years after launch literally fire Dynamite now this clip was going around uh here in the last day or so and it’s a great clip from Chris Larson I I want to say this is from way back like in May

Maybe even 2013 but it’s important because I keep telling you this is why I’m here I’m not here to chase all the little green candles or small companies that are doing this and that that’s not what I’m here for I’m here because Ripple’s No Ordinary company and xrp is no ordinary

Digital asset and the things that have been said since it’s Inception ask yourself this question who in a startup says these kind of things I’ve been saying it for years on this channel who says these kinds of things nobody does that’s why I’ve been so focused on

What they’re doing listen to what Chris Larsson was saying this is years back said in the past that you are doing for money what email did for communication do you think this is really going to take off to that extent you know we do we we when we look

At the world uh you see a world completely connected on an information web and that’s terrific that makes things tremendously efficient but what we don’t have is the sense of a value web payments the exchange of value is still pre- internet based on 40-Year-Old technology and so that’s very expensive

That really slows e-commerce lots of parts of the world don’t have the ability to make payments so this new technology that really is a second gen of Bitcoin enables now value to be exchanged in the same way that information is currently exchanged and that’s a big deal we think but do you

Think Chris that people are actually going to be comfortable using a kind of virtual currency I should ask you too how is what you’ve produced on the coin side on the digital currency side different from what bitcoin’s already doing so what Bitcoin set out to do is

Really build a new currency uh that had no Central Bank so in a way Bitcoin is sort of a way of storing value you Ripple is a completely different idea we’re using that the same breakthrough technology but we’re using it to build a currency agnostic value exchange or

Value web so you actually don’t need to adopt a new virtual currency to use Ripple you can use it with dollars Euro Yuan real uh anything you like that we have a math-based currency built into Ripple that is like Bitcoin but it really functions as an enabler so we

Think most people will use Ripple using their existing things of value like dollars or Euro US so to what extent Chris are you seeing push back I know one of the companies that you risk taking market share from is a company such as Western Union I

Mean this is a pretty regulated space to what extent are you facing headwinds like that so you’re absolutely right I mean you know law enforcement Regulators are right to be concerned about any new technology but we worked a lot with law enforcement we were just in DC this week

For example we work with pretory financial so uh we think that Regulators will if if you can express the potential of these to really help business and comrat and at the same time show that there’re actually more transparent systems for catching the bad guys and eliminating bad things that can happen

With financial systems we think that’s a win-win and we think that that is the case with these new exciting Technologies now I know you’ve done some successful fundraising andreon harwitz is just one of your more famous backers what are you doing with the money yeah so we’re using the money for

Ripple labs to really build a incredible team of software developers cryptographers Security Experts and Business Development folks that can bring on Banks and remittance companies and really mainstream uh Financial companies but it’s important to not so about 28 people now in San Francisco and growing rapidly important to not though

That Ripple Labs is really the uh company that is building the software and developing it Ripple protocol is a completely open- Source system it’s a public good anybody can use that we don’t control we don’t own it so it’s kind of two different roles kind of like

A red hat to Linux is a good analogy for ripple Ripple Chris before we let you go some people have critiqued the lack of friendliness or the lack of ease in using the site is that something that a you agree with and B if so that you’re seeking to

Remedy yeah you so we’ve been focusing to date on really building the network building the fundamental uh architecture to make it easier for other developers to build on top of Ripple Ripple is really like the pipes and the the foundation um they’ve been laying that Foundation for years and it feels like

They’re about ready to take that Foundation live now of course we had the announcement about uh Ripple they’ve signed a deal to acquire standard custody strengthening our product offerings and adding to our growing portfolio of regulatory licenses around the world all right now I thought it couldn’t have been said better than um

Mckl he goes by mckl xrp mckl says Ripple wins again when he was introducing his video I like that for a thumbnail thank you ml for this thumbnail this thumbnail sponsored by mckl uh Monica long um actually I forgot to do something I wanted to do I wanted to

Read to you something this is from this is from link to their they’ve just uh put Circle up on the platform as Circle prepares to potentially join the public market it’s imperative to understand the door for link to to invest will close soon as the IPO process continues to

Progress we will be unable to acquire additional shares of circle because a moratorium will be placed on private Market transactions with those Supply constraints private market prices will likely be forced up uh blockchain tech companies like Circle that are already in the public market have seen their valuation Skyrocket over the past 12

Months um some examples include coinbase UPS 161% micro strategy 188% Marathon digital Holdings up 366 Riot platforms up 191% additionally since Bitcoin ETS went live in January 8 new pool of investors have gained access to buy Bitcoin tracking funds these funds raked in about 2.8 billion in total net inflows

In just the first 21 days of trading according to Bloomberg um we’ve continued the investing alongside our members we’ve continued to make investments in circle at attractive prices making Circle accessible to our members for I won’t say the share price because I don’t know if I’m allowed to but once an IPO

Registration formally commences this window of opportunity will close so they’ve got it on the uh platform let me see if they added any um dates here okay this is going to be up the way they’re pricing is they’re they’re doing favorable pricing and there it’s going

To be up there until it’s going to expire at 8:00 a.m. Pacific Time on the 14th of February so check it out now back to Monica Long’s tweet as we integrate and by the way Ripple shares should be up there as well as we integrate custody more deeply

Into Ripple’s products we see clear Center with standard custody to complement our payments and custody offerings all in service of being a One-Stop shop to move convert and store value with blockchain crypto then Brad garlinghouse weighs in with standard custody will’ll be able to improve existing product offerings for our

Customers as well as explore new products and use cases all in a fully compliant way to dat Ripple has secured nearly 40 US money transmitter licenses MPI licenses from from Mas and vasp registration with Central Bank of Ireland and Counting now that reminds me remember when um this guy right here was

Talking about there was going to be a a an announcement related to money transmitter license Sean McBride X rippler says Ripple acquiring standard custody Ripple signed a deal to acquire standard custody a wholly owned subsidiary of poon we expect it to close in the coming months subject to regular

Approvals and standard uh closing conditions standard custody is a trust company with New York DFS limited purpose trust license 14 plus 14 money transmitter uh licenses which will add to our licensing portfolio and help broaden our product offerings and further strengthen our relationship with Regulators we expect this will complete

What we sought to accomplish with an acquisition of Fortress a US trust that would help enable our current and Future future products and services this as acquisition affords us the possibility to improve our current customer experience plus explore new complimentary products all in the service of our goal to become the

One-Stop shop for Enterprises looking to uh convert store and move value on the blockchain around the world Ripple provides Enterprise Solutions built on crypto infrastructure which encompasses Technology Solutions and Regulatory licenses and then Chad Stein Grabber had put a Standard Chartered this is uh apparently what their software looks

Like when you’re logged in um trading platform now he he added a clip here of uh Jack McDonald uh why is custody important in crypto he’s Jack McDonald and this clip is talking about standard custody I think for a lot of different reasons and we can differentiate between retail and institutions institutions in

Many cases have to use a qualified custodian uh as part of the custody Rule and the SEC is recently proposed some changes around that but using a qualified custodian if if you fall under the rubric of the uh registered investment advisor Act of 1940 then you have to use a qualified

Custodian I would ensure that there are uh the operational and client support teams that you would expect to see from an Institutional sside provider you want to ensure that the uh assets are insured even though it may not be a requirement it’s certainly a best practice and I

Also think just like in life we’re judged by the company we keep and so I would be looking at the other uh service providers Partners vendors uh that given custodians work with where uh given custodians for example get their uh Market data research from folks like Dar

Uh all who provide an excellent service and and we think are reflective of the quality that we and other qualified custodians have it’s standard C custody we’ built our business specifically to avoid any conflict so we are exclusively focused on providing custody and Escrow Services we don’t provide any trading functions

Or staking or lending or borrowing or Market making Etc and so I think as you watch this um industry unfold you will see more pure playay custodians like standard custody um be selected uh by the issuers and then we will work in concert with uh Market surveillance Partners to provide that very important

Surveillance sharing agreement that the that the Regulators seem to require one way or another tokenization is coming and it’s going to have a profound impact on on global markets as we know them and I think that custody will continue to be a Cornerstone of that there will be other services that

Complement it and it will happen slowly over time but it’s undeniable in in in our view that that custody around digital assets will play a key role going forward okay now Elanor terret uh is was showing a dialogue about the eth ETF coming Matt Hogan I think it’s probably we’ll get an

Eth ETF reasonably soon I think there’s a 5050 Chance by may but the bigger story is what’s going on with the Bitcoin ETFs this guy says this is just the beginning of a crypto asset Renaissance how about an xrp Renaissance that’s what I want on my thumbnail I

Like that phrase I’m going to put xrp Renaissance because of the recent Ripple purchase I think 5050 by May 75% by the end of the year Eric today will you sue the SEC again if they don’t approve the eth spot ETF we’ll have to wait and see

How it plays out we may have to look at the facts but I’d uh put the odds of approval at 5050 by may now we’re going to go we’re going to I have about three red files we’re going to flip through the red file and I’m going to show you a

Video that I I showed it yesterday but I’m going to talk I’m going to zero down and we’re going to kind of flip through the red file which is the all the worlds a stage file we’re going to do this in dip.com I’m the digital asset investor

I’m not an investment adviser this is for entertainment purposes only Please Subscribe hit the like button and tell your friends and family if you like looking at the taking a peek at the red file the all the world a stage file and you like looking at that thing then

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