Anders 🏁🌏
@X__Anderson • 119,605 subscribers
Digital asset researcher. https://t.co/mFXDJLW9qc Focus On Utility. I AM Not A Financial Advisor.
Videos
The video below is from a former Ripple employee who was responsible for XRP markets and building liquidity. If you want to understand why Ripple holding so much XRP is massively beneficial to Ripple and XRP adoption in general, you need to watch the video. So in other words, this is not just some theory I made up myself but based on statements from Ripple employees. Miguel's main points: 🔹 Thanks to Ripple's large XRP holdings they can lend XRP to professional market makers at great rates, which is really hard to do with Bitcoin. 🔹 If there's a cross-border corridor that's not competitive enough (liquid enough) in terms of the cost going through that corridor in Ripple payments (ODL), Ripple can incentivise usage by covering the cost difference. Their large XRP and large balance sheet can really help here. Over time, the corridor should become liquid enough with enough volume going through that Ripple will no longer have to subsidise usage in the corridor. 🔹He also spells it out for anyone wondering: "The more liquidity, the more utility, in theory, over time, the more valuable XRP will be." So utility is directly correlated to XRP price (someone might have to hear this, even though it may seem obvious... but not to XRP haters).
Anders 🏁🌏77,788 views • 1 year ago
The picture is becoming clear in what Ripple is building. Global banking and financial infrastructure, much larger than just cross-border transactions. Reminds me of a document from 2016 where Ripple explains their vision that includes XRP as collateral and a point of interchange to "every other financial instrument." I don't think this vision has changed at all, especially considering what Schwartz said recently in an interview (down below 👇). Similar to nostro accounts being replaced with a single XRP pool (xPool someone?)... but just much larger in scale!
Anders 🏁🌏31,185 views • 4 months ago
Scott Bessent, United States secretary of the Treasury under Donald Trump, calling for a "new Bretton Woods" in June of 2024 in this interview. "I could see in the next few years that we are going to have to have some kind of a grand global economic reordering, there's something on the equivalent of a new Bretton Woods" And now we're seeing a global trade war going on. "The Bretton Woods system required countries to guarantee convertibility of their currencies into U.S. dollars to within 1% of fixed parity rates, with the dollar convertible to gold bullion for foreign governments and central banks at US$35 per troy ounce of fine gold" It doesn't take a lot of imagination to consider countries having to sit down and negotiate a new type of global trading system between countries. The more of a crisis that develops from these trade wars, the higher the chance, IMO.
Anders 🏁🌏15,436 views • 1 year ago
No more content to load