Ripple/XRP-Ripple Partner News,USDTether Out Or In?, Ripple=Standard Chartered & VISA

Ripple/XRP-Ripple Partner News,USDTether Out Or In?, Ripple=Standard Chartered & VISA

welcome back to the show everybody well
is tether out or is tether in what’s it
going to be we’re going to take a look
at it and guess what else we got Ripple
partner news it’s going to make you
smile somebody roll that beautiful
[Music]
[Applause]
intro digital perspectives with Brad KES
come on in
welcome back to the show everybody you
can follow us on Twitter Youtube and dig
prospectives decom for exclusive content
at the top of the screen $22.59 trillion
market cap the market is up 1.7% Bitcoin
66,500 plus 3200 Plus for ethereum 110
billion plus market cap for tether and
xrp at the number eight spot slipping
back down one on the market cap at 54
sets right now up 0.2 on the 24 and up
11.5 on the 7 day oh I like that and
ranging between 54 and 56 cents we’ll
keep an eye on it but I tell you what I
like the way this is looking strong like
bull is how I’m seeing it this morning
uh don’t make me buy more xrp cuz I did
all this whole dip I’ve been buying just
all through it don’t tell Mrs backup
either but I’ve been buying the damn dip
and at 55 cents it’s looking nice like
you know maybe I just I don’t know maybe
I get a little more it’s two for a
dollar
that’s how I’m seeing it that’s a that’s
a sale isn’t it all day long yeah look
we got a lot to get into I can’t get my
needle stuck I want to start right here
because this really points to why I’m in
this space right there’s many people in
this space for many different reasons
and they’re all great and I love it but
this is how I got in this space and this
is ultimately why I’m here because of
the problems you’re going to hear Ray
doio talk about in this
clip great I thank you for your time um
my question is do you believe there is
an actual uh currency currently
challenging the US dollar as the Global
Currency and if yes which one would that
be is there any realistic air to the
throne
no but listen I think we’re entering a
we are entering an era where all
currencies are going to be
bad and it’s an ugly
contest in other words is it the euro is
it the yen is it the REM andb okay is it
gold gold is a currency that’s right is
it
Bitcoin okay there’s going to be a void
in my opinion because of this nature of
this debt debt is currency if you’re
holding um a currency you’re holding a
debt instrument that’s right and so be
given the dynamic that we talked about
we have a debt problem I believe here
and so the question is what is an
alternative a currency is a medium of
exchange or a storeold of
wealth I think the dollar will remain a
medium of
exchange but it won’t be effective as a
storeold of wealth
and so that’s where we think okay what
are the elements of a storeold of wealth
well one of the elements of a storeold
of wealth is that you have to be able to
transfer it to somebody in another
country who will accept it so it’s got
to move around okay so it’s not a
storeold uh a currency is not a real
estate oh so how do you trans and what
will be accepted all around the
world is so that is what the question is
going to be I think I think gold will
stand as the best of that but Bitcoin
and others are going to their you know
what are their issues and we will be in
a void as to what that is because the
basic problem is that you can’t trust
Central Bankers I mean they’re all in a
bind they all have too much debt they
all have that bind so who’s going to
withstand it they compete with each
other when one devalues if the dollar
devalues the others are going to want to
devalue because they going to be under
uncompetitive so I think that that’s the
nature of our circumstances that is the
nature of our circumstances and you
can’t sum it up any better why I’m in
this
space and a part of that
competition to race to prove that you
could be a worthy
competitor as a reserve
currency that competition has already
begun
just like there was a 14 15E period
before the US dollar was chosen as the
world Reserve currency where it had to
compete to become strong to even be a
contender on the list for a replacement
to the
pound this is the moment we’re
in and what I hear Ray doio saying here
that the US dollar won’t be very good
for a storeold of value but it’ll still
work as a medium of exchange
well that sounds like
hyperinflation in Disguise is what that
sounds like to me you’ll still be able
to use it to make transactions but you
won’t want to hold it because it won’t
be worth a damn dayto
day and that speaks to the larger
Narrative of stable coin legislation
being so very very important because of
what I’ve talked about about building a
new use case for dollars and
treasuries to soak up the hyperinflated
money coming back home to the US because
the world is moving to a new Financial
system because as Ray doio just
said it’s at the doorstep of all the
central bankers and that aligns with
what we have said from this channel from
day
one it was a real estate default swap
crisis in the last crisis 0809 it is a
money crisis in
2024 which means it is at the doorstep
of the central banker and they have no
other means printing money won’t fix it
this
time it’ll continue to harm
it that’s why stable coin legislation is
so important to
me here we see the current
SDR is limited by the US dollar
and this is coming from a report from JP
Morgan
2024 abandonment of the US dollar as a
reserve currency caused by a crypto
Challenger yes this is a report right
here by JP Morgan which was not intended
for the general public retail
distribution institutional wholesale
professional clients and qualified
investors
only yeah how about that one
and here inside the
report rapid abandonment of USD is key
Reserve currency sounds like what Ray
was talking
about you could use it as a medium of
exchange but the storeold of value isn’t
going to be what it was right a
challenger to USD from either crypto or
an alternative fiat currency now I think
that the Challenger will be the
complement and that’s xrp
meanwhile the brics Coalition explores
creating a crypto stable coin for global
trade
settlements you have to wonder if Ripple
may be helping out in that regard seems
how they have so many connections to so
many of the countries in the bricks
Coalition and I remind people Ripple to
launch a US dollar stable coin taking on
the1 15 billion stable coin Market
that’s currently dominated by tether and
circle
listen to what Joe or uh David Schwarz
known as Joel Katz on Twitter says back
in 2015 went asked about this question
see is it possible that just as the USD
is the reserve currency of the world
right now against what a lot of people
would like to see is it possible that
the USD could eventually be the reserve
currency of the Ripple protocol Ripple
Network it’s certainly possible there
you have it and here we are watching it
unfold not in in 2015 but
2024 Ripple is going to launch a US
dollar stable coin on ethereum and The
xrp Ledger it will be
massive let’s listen to the latest here
from Tony Edwards from thinking crypto
who’s got a new book out rethinking
crypto make sure you get that and listen
to this right here from Cody Carbone
from the digital chamber you had Senator
Kristen gilbran and Cynthia lumus put
together a stable coin regulation Bill
tell us about that lumus and gilbran
have worked on stable coin legislation
for several years now this is something
that they truly worked on themselves
there is some discrepancies between this
bill and the house bill the way they
regulate State issuers non-bank issuers
versus the house effort is different
they both try to preserve the Dual
banking system they added about a 100
pages in this effort on what happens if
a stable coin issuer fails I think this
is directly um in response to some of
the bank failures back in March of 2023
when some of the stable coin issuers
lost their Peg I think it signals that
there is a real motivation to get stable
coin legislation moving forward now that
we have a house product and a senate
product now all we need to do is get
them together and get something enacted
you heads that’s 100% on point right
there and shout out to Cody who will be
on stage at xrp Los Vegas don’t mess
around ladies and gentlemen get your
tickets before it is too late now let’s
do this right here presentation of Micah
literally says the exact opposite of
what you are saying there is a
contention moment here and lo and behold
Elizabeth’s right in the middle of it
tether can meet the requirements of
Micah regulation which is anticipated to
be enforced starting by the end of this
year 2024 to to adhere to this
regulation tether must thoroughly
examine Micah guidelines particularly
focus on the definitions of key let me
just finish the rest of this uh finish
the uh let me find my spot
here H starting December particularly
focusing on the definition of key such
as transactions and means of exchange
tether has already initiated adjustments
to its compliance procedures by
collaborating with regulatory bodies in
European Union and thirdparty audit
firms these Partnerships aim to furnish
evidence and transparency regarding
tether’s reserves indicating proactive
approach to Regulatory Compliance so now
coming back to uh let’s see if we can
get this uh tweet here to Micah Micah uh
says here Smoke Dog shares this since
usdc and USD te are no longer pegged to
the US dollar and their value is
supported by other assets as well
technically they do not meet the
definition of an e-money token under
Micah so at the very least some things
are going to have to change if they’re
going to be compliant under Micah right
but that is all because we know that
also it has been referenced by Monica
long that Ripple has shifted its on
demand liquidity operations to USD
tether or stable coins broadly because
they don’t want it touch us customers
touching xrp while the case is still
underway uh Elizabeth publicized this
change on social media and long stressed
the importance of using legally approved
stable coins for future transactions
within the us but the problem is is that
is tether technically a legal asset in
the
US that’s the that’s the question right
that’s the question this is where the
plot thickens right here from xrp drops
not long ago last
month tether world’s largest stable coin
with a market cap ization of more than $
100 billion would not be classified as a
stable coin under the proposed
cftc taxonomy here in the United
States not to
mention this guy talking about tether
being used for illicit activity just
last week the Wall Street Journal
reported how Russian Smugglers use the
stable coin tether to evade sanctions on
Russia’s War Machine tether’s a quote
key step in the chain unquote of ilicit
transactions one Smuggler said close
listen to this Russia increasingly in
addition we’ve seen Russia increasingly
turn to Alternative payment mechanisms
including the Sable coin tether to try
to circumvent our sanctions and continue
to finance its war machine that is
deputy secretary to the US Treasury
Wally Ado right
there and Elizabeth waren plant if you
want to be more specific pafic right so
the problem is is that you know look I
don’t know what happens to teller I’ve
been saying this and asking this
question for a long time about tether
does it get Unwound is it get shut down
or does it get forced under presedential
regulation as Elizabeth is
suggesting how do you make tether kyc
AML and CFT compliant when they haven’t
been for more than a decade I don’t know
the I I do not pretend to know the
answer to this I know others do but this
is why I asked a question a very real
question here will tether remain or will
it be forced
out and if they did wouldn’t that solve
a lot of problems for the Gary genders
of the world who would love to see this
space go away because if they squash
tether the money from tether could flee
into usdc and ripple stable
coin so your treasuries are going to get
used if you’re concern is the US
treasuries they’ll go somewhere they
won’t be sold off and just fall through
the floor they’ll just run into another
stable
coin so then the question remains from
there if they were to go after tether to
the point of shutting it
down wouldn’t that get rid of 90 plus
per of the crypto market and the only on
and offramp into those little piddly a
coins that a lot of people put claiming
they’re supporting developers but
they’re really just pumping tokens and
just cloaking it with the idea that
they’re trying to elevate the space for
developers right oh what a racket what a
racket it has
become we’ll see where all this goes but
I tell you there is still more to go
here because I have said this clearly
and I say it again today because I think
it’s obvious from the conversation
that’s happening here which isn’t bad I
think we’re trying to all find out
exactly where tether Falls at the end of
the day because right now it’s quite
clear to people on Capitol Hill that
tether is on the outside of
Regulation as far as they’re concerned
and isn’t that who we need to be
concerned
about I mean with respect I mean I
certainly appreciate all the people
involved in this conversation’s
insights Ripple included but at the end
of the day it’s the legislators and The
Regulators we really need to hear
from we can all sit around and talk
about what we think but let’s talk about
this Ripple news Ripple Partners you
know triango just to remind you going
through this news as a reminder Ripple
partner triango uses xrp in realtime
transactions right that one down that’s
nice visa and Standard Charter
collaborate to facilitate crossb
payments B2B come on in yeah and both of
those are direct and indirect
relationships to Ripple as well I love
it it you love it we all love it
Standard Charter joins voices with them
in that crossb effort and they go on in
here to talk about how that
relationship’s going to work it doesn’t
mention Ripple but we know we know as I
can show you a lot of people are new to
the space Visa acquired Ripple partner
currency Cloud for $925 million back in
2021 that’s right they were preparing
for the moment that is coming back in
2021 Standard Charter back zodiac
custody joins Ripple own Medico Global
crypto storage Network all the
connections are there and then Ripple
partner thunes acquires
tillia to further expand into the US
market it operates under Licensing in 48
states in territories provided Payment
Solutions provides Payment Solutions for
a wide range of digital environments
including online gaming and Virtual
Worlds that’s what’s going on in the
world of Ripple and xrp and stable coin
coins and the digital asset space
broadly and you know it right here if
you haven’t gotten your ticket ladies
and gentlemen we’re now 8 days away this
is the time to do it ticket sales are
supposed to go up tomorrow but I have
gotten so many messages from people
asking me can I just wait a couple days
and you know what I’m hearing you and I
love
you and I’m postponing that we’re not
raising the price if you’re going to get
get your ticket get it today I want all
of you to be there get your ticket but I
tell you it is very real I may have to
stop selling tickets based on the room
size because there’s other events
happening around us and I honestly if
I’m being honest I am pleasantly
surprised that we have sold as many
tickets as we have because I did not
know that we would do that right and it
is a happy problem to have and it is
because everyone has responded so well
and kind to want to come and I want you
guys to come so we are postponing the
ticket raise
because the the response has been
overwhelming and you know what I I love
you guys I think you guys are amazing
and I want as many of you to be there as
possible that’s that’s what I want I
want us all to be there together because
like Ray doio pointed out this is the
moment we’re in and this conference is
themed exactly around the topic that Ray
D one of the largest investors in the
world one of the most successful
investors in the history of the world is
saying is the theme of our conference
it’s a new era of finance that we’re
moving into ladies and gentlemen and it
would really be amazing to be able to
meet you at xrp Las Vegas in eight days
I can’t believe it oh by the way special
announcement future of digital asset
benefit dinner I’ve got a 25% off coupon
so this disc code rather so you can have
private dinner and meet brag Garling
house in person and guess what else
special breaking
announcement this just in there’s going
to be a live band performance and it’s
going to be off the chain ladies and
gentlemen yes we have musicians flying
in and coming in from California and
they are remarkable and I will be
performing on stage after Brad Ging
house is live uh fireside chat with a
remarkable artist Ronnie Nash who is
just absolutely incredible and we are
going to rip the roof off so if you
haven’t got your ticket for the
fundraiser click that button right here
and go get it because when you click it
it’ll take you right to the Future
digital assets uh benefit dinner and
look at here look at all the great
people Brad garlinghouse John Deon
Michael Arington uh Christian Carlo
Eleanor terret Congressman Wy Nichols
going to be there now too I’m going to
be there performing digital asset
Investor’s going to be there Mrs
backup’s going to be there listen this
is going to be a remarkable time and
this event will sell out and I know
there’s only a few days left and I tell
you there’s not that many seats left
either so if you’re coming you better
get your ticket ladies and gentlemen
that’s what we’re doing I’ll catch all
of you in the freedom Zone not Financial
advice to me or anyone else we’re going
inside right now come and join us come
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I’m not a Licensed financial advisor. All videos on this channel are for educational purposes only.You should not buy,sell,or invest in any asset based on what I sayin these videos.You should know that investing