hello folks you have reached the
cryptocurrency portal and today we're
going to go over a bunch of information
about ripple in general and there's a
few articles that have popped out of me
and I want to go through them with you
and solicit your feedback and see what
you think so any if you have any
comments about any of these articles
please put your comments or questions in
the comment section below
so the first article I want to go over
is this one where it says ripple reveals
new details on mysterious crypto
currency trading platform now I find
this interesting because the leading
indicator of what a company is going to
do is usually in their job postings they
may not do a press release about what
the product is they may not do a press
release about what they're doing on
go-forward basis but sometimes they need
to hire the people to get them ready
before the press release goes out so
those are usually leading indicators so
check this house as new information on
ripples next generation crypto trading
platform continues to trickle out via
the companies job postings now ripple is
currently looking for a liquidity staff
software engineer to join the project's
team according to the application the
enterprise-grade distributed trading
platform will provide real-time access
to crypto markets and products than in
the separate job posting opening for an
engineering manager states the new
trading platform will be integrated with
ripples
XRP powered cross-border payment
solution on-demand liquidity or Odile
which was their former ex rapid product
which they've rebranded over the last
year ripples chief technology officer
David Schwartz who by the way is one of
the most brilliant people I've ever seen
on my or listened to on a YouTube
channel so go find him on YouTube and
just check him out he's incredibly
knowledgeable and as a pure genius in
this space what he says that the company
is pushing to make it easy for anyone to
launch asset backed tokens on the XRP
ledger however it remains unclear
exactly how the trading platform will
work with odl now ripple continues to
target
or use cases for the xrp ledger
acquiring the logos Network in September
of last year to help the payments
startup create decentralized finance
platforms on the ledger
now ripples also seeking a project man
product manager for a separate
initiative announced late last year
called ripple net home now the San
francisco-based startup says I don't
think there's startup anymore they've
been around for seven years and they're
they've been positioned well in terms of
their a balance sheet they have mature
capital funding of two hundred million
dollars in values them a ten billion
dollars now so I wouldn't I don't think
there's startup anymore
they say the product is designed to give
financial institutions on its network a
hub they can use to analyze data on
their fiat and XRP transactions as well
as connect participants with one another
the product manager is tasked with
writing feature specs for the product
and communicate directly with the
engineering team about development so
moving along so the next article I want
to go over is just ripple and XRP how
they powered 179 million dollars in
cross-border remittances obviously this
is one of the first use cases for XRP in
general and it looks like they're moving
forward ripple is and having a lot of
success and this is an exponential
55,000 percent increase so Mexico's
largest crypto currency exchange fit so
is reporting massive growth in the
volume of its cross-border transactions
utilizing ripple and XRP the company's
co-founder and president Dana Vogel says
the remittances are rising exponentially
in recent months now his quote is on the
side of bit so we have seen an
exponential increase in the processing
of remittances through the technology of
ripple XRP and bit so in April we
processed over 4.3 billion pesos in
remittances between April 2019 in April
2000 and 2000 K so full-year the volume
of bit so remittances grew from seven
point four eight million cases or
$320,000 to four point three seven
billion
and pesos or 179 million so that's an
increase of fifty five thousand eight
hundred and thirty seven percent math
can do anything sometimes to paint a
rosy picture but that's that's a huge
increase the largest crypto exchange in
Mexico relies on ripples on demand
liquidity solution ODL to power it's
borderless transactions using XRP as a
bridge currency the remittance platform
works by converting a fiat currency in
one country to XRP and sending the
digital asset to a corresponding crypto
exchange in another country where it's
then swapped back to fiat in march
that's so executive barbara gonzales
Briseno said that the solution offers
tangible benefits and the quote here is
we usually tend to see that a
transaction as we're seen through odl
used to cost more than five times what
it's actually costing them right now
another one is settlement which is
almost immediately which you don't see
by any means in the traditional
financial system bits om ripple first
partnered in october august of 2018 two
months before if ripple officially
launched ODL for its commercial using
commercial applications
all right so continue along with ripple
first off if you have any comments about
those two articles just put your
comments in the comment section below we
can get a little discussion going and
also i'm gonna put in the comment
section below since this video is about
ripple in general and XRP but ripple has
them as a company they had a 200 million
dollar venture capital infusion the end
of last year valuing the company at ten
billion dollars so with that said i'll
put that in the comment section below so
you can check that out and I'll put it
at the end of this video as well but on
this this one here this article ripple
co-founder says bitcoin is a perfect
storm of technology but XRP is superior
so ripple co-founder Chris Larson says
Bitcoin sparked a movement that will
have a profound profound impact on the
world of finance I took completely agree
I always tip my hat to Satoshi Nakamoto
whomever that is he or she or if it's
government in general tip my hat to them
because they created I've actually done
a video reviewing the original bitcoins
white paper by Satoshi Nakamoto I'll
actually put that in the comment
sections below as well so check that out
but we always have to tip our hat to
Bitcoin and Satoshi Nakamoto for just
starting this revolution and now these
other kryptos follow so back to Chris
Larson in a new interview on ripples
Block Stars podcast Larson talks about
the early days of cryptocurrency and
says that BT sees birth in the aftermath
of the 2008 financial crisis was perfect
timing and his quote is I think the
thing with Bitcoin was it was the right
technology hitting at the right economic
time that's really what I think was the
breakout moment Bitcoin had that perfect
storm of a fundamentally new technology
decentralized which was something that
other projects couldn't do or didn't do
Larson also talks about the early days
of ripple and the XRP ledger he says
that XRP was designed to be a better BTC
with a primary focus on energy
efficiency obviously you have to mine
BTC right now and there's always the
energy consumption that comes behind
mining for Bitcoin and of course with
with ripple or XRP the digital asset
it's already been pre mind of 100
billion already so there's no energy
being used to mine there all right so
the quote here is before there was a
company the idea was can you build a
better Bitcoin I think we were all
fascinated by Bitcoin but it had
problems and I think the biggest problem
the people that were attracted to the
XRP project thought was Bitcoin just
uses enormous amounts of electricity
that can't be sustainable long term
model I do believe there's going to be a
core group of digital assets that will
be successful
I think Bitcoin will be one of them and
I agree it's gonna be a store of value
even maybe it will have other use cases
but even if it doesn't I'll be a store
of value long term that will rival gold
the subject to bitcoins energy
consumption is a hotly debated topic in
the crypto community that's true because
I definitely see a lot of that
out there in the Twitterverse - in June
of last year coin shares released a
report showing 75% of bitcoins mining is
powered by renewable energy down from
77.8%
however the amount of energy used by the
leading cryptocurrency per year is
roughly on par with the total yearly
consumption in Finland interesting - to
compare it like that that's according to
the Cambridge Bitcoin electricity
consumption index while that's a very
specific index the Cambridge Bitcoin
electricity consumption index I'm sure
they don't have a lot of rivals Larsen
says his vision for the end game of
digital assets is an open system that
allows anyone in the world to send money
to an in an instant with extremely low
fees and I think they're starting to do
that and prove that with their
cross-border remittances and payments
and the quote here is an internet of
value is going to be an open
decentralized system with accessibility
to all if you listen to Bill and Melinda
Gates Foundation they have calculated
those 2 billion people in the developing
world need to be able to send value as
little as 50 cents in a way that's
economical and today's world that's just
impossible and that's what ripple is
working on with their XRP solution so
continuing along here ripple positioning
crypto asset XRP to play key role in
gaming game-changing transformation of a
hundred and forty billion dollar
industry ripple says one of the biggest
investments to date is designed to use
XRP to transform the 140 billion dollar
video game industry so what's
interesting is I'm not a gamer myself
however I know that the gaming industry
is incredible it has so many people in
it and they are loyal to gaming so if
somehow ripple could position XRP to
leverage into the gaming industry I
think that is a game changer so back in
March of last year ripples investment
arm spring allocated 100 million dollars
to help the gaming company Forte bring
blockchain games to the mainstream
alright so in a blog post
Ripple's says watching is truly
game-changing for the gaming industry
and investments in design to convince
companies to funnel in-game purchases of
virtual goods using the technology and
the quote here is Forte's community
focus platform arms developers with the
necessary tools and services that make
it easy to integrate blockchain
technology in game economies enabling
more equitable business models deeper
player engagement in an entirely new
types of digital interactions now one of
the key innovations of blockchain
technology is its ability to unlock new
economic and creative opportunities for
players and game developers but for the
most that technology is extremely
difficult to assess its access use and
deploy ripples says that Forte's tech
will utilize the crypto asset XRP to
power gaming economies and focus on
cross chain compatibility to make it
easy for developers to get up and
running the quote here is forte
leverages the intelligent protocol ILP
are open source protocol for conducting
transactions across and different block
chains in combination with ILP the
company utilizes the digital asset XRP
to maximize cross chain interoperability
security and Inter asset liquidity Forte
co-founder Brett Siler says blockchain
technology has the power to dramatically
simplify complex game Ian's economies
behind-the-scenes and the quote here is
creating game economies with multi-sided
participation open markets and increased
transparency
offer a potent solution to the challenge
of the complexity playing game
developers that result in stagnant
economy design back in March Forte
revealed hi-rez Studios netmarble
magic anyway and deca games are the
latest developers to join its network of
industry partners so Forte it looks like
is putting more under their umbrella
continuing along here about ripple a lot
of information coming
about them from the ripple executive
says ten top banks will hold or trade
digital assets in five years with XRP
and crypto poised to play crucial role
so ripples global head of banking says
she believes some of the world's biggest
banks are gearing up to hold and trade
digital assets in an interview interview
with next and tech margin gelatine says
the current banking infrastructure is
far too slow and inefficient at
processing cross-border payments
financial institutions she says are
beginning to see blockchain technology
as the solution and her quote here is
our contribution to this digital era is
building an infrastructure that helps
financial institutions get closer to
this reality of instant convenient
payments when you look at the aging
infrastructure that is in place today in
order to transfer money around the world
this is very close to a fossil system
there is a trust established between
members of these systems but you still
have a lot of inefficiencies of in terms
of cost our customer base realizes and
recognizes inefficiencies and they look
at the blockchain as a technology that
can inherently diminish the operational
cost and speed up the scale up to bring
new services in competition with
established organizations gelatine says
the ongoing global pandemic is
accelerating the transition to a digital
society pushing banks to move towards
instant payments and explore the
potential of central bank digital
currencies so true with all this going
on in the world with the pandemic it's
probably helping Ripple with her
cross-border payments and it is
propelling all those discussions
worldwide about central bank digital
currencies or CB DC's which I've done a
few videos about CBC so if you want to
check those out throw on my channel as
well I'll probably probably put a CDC
video in the comment section below as
well if you want to check that out she
expects ten of the top twenty largest
banks in the world to hold or trade
digital assets
in the next five years in addition she
says crypto assets like XRP are poised
to help banks bridge disparate central
bank digital currencies that lack
interoperability that's key right there
it's kind of inside baseball but that's
very key right there she says in
addition she says the crypto assets
alike XRP are poised to help banks
bridge not getting away but bridge to
spare at Central Bank digital currencies
that lack interoperability so her quote
is I think one lesson learned from this
pandemic is that we can do much better
payments and the current system is not
the most optimal way there are different
layers and the real consequence of kovat
19 is the fact that the use of cash is
declining because of health issues it's
so true imagine as you reflect back on
touching money and the the risks behind
that it just it might be a small risk
but it still makes you think about it
it's like I don't want to touch money
anymore this trend continues and you
need to somehow ship money somewhere
you're gonna see banks are going to have
more pressure on them to get to the more
digital world and it's pushing banks
towards this digital world that's true
this these these these projects and
ripple have been working so hard over
the last years in the north to show a
use case but now with this pandemic
going on in the world it this outside
force is propelling people to move or to
them digital way so it's crazy when you
look at all these angles then central
bank digital currencies is probably a
digital representation of money when
you're moving towards this system what
we see from central banks is there is
now an interest towards really
understanding how this can work how this
will work in terms of interoperability
between each of them in the more
international worlds that's probably
going to be digital currencies like XRP
which can play a role in terms of
playing a bridge between multiple or
different CBD seas and she says I think
these trends will continue and will be
reinforced in the coming years so again
new role and target
ripple targets Wall Street institutions
cryptocurrency traders and XRP
enterprises so this is more says ripples
creating a new role to expand its
presence among Wall Street institutions
and improve its narrative in the crypto
community in a new job posting the San
Francisco startup it's not really start
up again says it's looking for a
vice-president of marketing that's a big
role obviously the VP role the role is
designed to build ripples corporate
brand by threading the needle and
simultaneously targeting large players
in the world of finance and influential
participants in the world of
cryptocurrency so this is a different
job post in the other one we just spoke
about the person's three key character
charters will be operationally and
rapidly scaling ripples b2b business to
business marketing funnel billing its
corporate brand in a complex marketplace
comprised of very diverse audiences from
the Wall Street financial institution to
crypto influencers and the leading the
testing and expansion of ripples b2b to
consumer brand to people who sit and
receive money internationally the
opening is also designed to clarify the
connection between ripple and the crypto
asset XRP ripple says the new hire will
focus on the following building brand
awareness and shaping market perception
through global integrated campaigns in
partnership with our design and
corporate communications team while
developing our corporate narrative and
thought leadership platforms to
continuously increase our global market
leadership and clarify the relationship
between ripple and XRP so the last
article we want to go over is this one
Ripple gets ready for ISO to zero zero
to two what is that ripple claims to
have become the first blockchain focus
payments company to join the ISO two
zero zero two two standardization
committee future proofing its business
for the eventual arrival of the data
rich messaging protocol ripples move
follows testy exchanges between Swift
and the European Central Bank over the
surprise decision
by the interbank messaging network to
shift the iso:202 to migration D for
cross-border payments from November 2021
to the end of 2022 for ripple a closer
connection to ISO two zero zero two two
will help it drive interoperability with
global payment networks and add a sheen
of regulatory legitimacy to is
proprietary cryptocurrency XRP ripple
confirmed the move in a short statement
on its website and it's the quote is the
world is converging on a new global
standard ISO two zero zero two two the
de-facto global standard for modern
payments the quote here is to help
enable this next step in global
interoperability and meet the evolving
needs of our customers ripple is now
part of the ISO two zero zero two two
standards body the first member focused
on distributed ledger technology or DLT
so let me know in the comment section
below what you think of that article
there but just anything the video today
like I say I like in a discussion about
the crypto space so leave me any comment
or question in the comment section below
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will put those links to those videos in
the comment section below and the next
video coming up is going to be the 200
million dollar venture capital monies
that came into ripple and the ten
billion dollar valuation of that venture
capital deal and I did a little video
about that so that's the next video
coming out so thank you again for tuning
the cryptocurrency portal and I'll talk
to you real soon
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