Absolutely insane…

Ripple vs SEC Lawsuit: Tensions Rise as Ripple Prepares Response to $2 Billion Penalty — SEC to submit sealed reply brief on May 6 and parties can file motions until May 20. https://t.co/hQyJRJQHFa

;)…..

Thats an important step because of the saving’s aspect so he should know or at least know the person who does.

Thanks amigo— been here for 7 years though but good to see others getting excited.

I find this interesting in customers having individual wallets that can be used with company POS systems like restaurants.

Thumbs up!

OV Loop can be used as POS system? Yes, I get it as restaurants are so integrated that changing to a new system can seriously jack things up.

What restaurant is interested in using this new POS system? Is it a chain or family restaurant? You can use OV Loop as a POS system? It sounds interesting for both the merchant and the customer. I know many restauranteurs who tell me Toast is a good system but there merchant fee is 4% — its too high and have passed on it because of it. If a restaurant doesn’t need to use the system as a POS then how else could it benefit from it?

Also, hearing Japan and real time payments screams XRP.

If XRP gets implemented into merchant use then this is good news.

Fill us in when you get some free time….

Lets go!

Ripple apes….hehehe!

Thank you for your sentiment—I appreciate that. I’ve slowed down a lot on sharing but pop up every once in a while.

I’ve become frustrated like many other XRP holders but Im still holding. If it wasn’t for the suit we would’ve been in the multi dollars a long time ago. At the time XRP flipped ETH twice but once the suit was filed the MOMO was destroyed. Funny how ETH blew up after the Hinman speech—its corruption at its finest.

Ripple is a threat as their under every rock you turn over and them coming under assault by the SEC is no accident and everyone knows it. I don’t see this going to trial and believe they’ll settle. Im eager to read Ripples response in the next few weeks.

A possible scenario here is the SEC getting their hands on some of the escrow. Gensler revealed in one of his MIT classes how the game really works.

The SEC ain’t walking away empty handed but Im not seeing the judge approving such a hefty fine as the suit was filed for $1.3B and now SEC wants 700k more?

I believe they’re going to come to a settlement as I can’t imagine the SEC wanting this to go to trial because it would bring Hinman, Clayton and everything else back into the limelight. The SEC is insane if they want to take this to trial as it will expose their corruption even more.

If Im right and settlement goes down all bets are off. XRP’s regulatory clarity will be set in stone—its going to be goodnight Irene. Ripples response in next few weeks will be very telling about which way this goes.

The exodus that’s happening from $XRP is occurring at a critical juncture. People who are selling are getting caught up in the narrative and faces are going to melt ESPECIALLY for those who joined the exodus.

Ripple selling $XRP has never been a secret as every crypto does it just like how every public company does it. They’re allowed to sell 1% every quarter according to the average daily volume (ADTV). This isn’t a new practice—hating on Ripple for selling XRP is like hating on the Ethereum Foundation for selling ETH to build out their ecosystem and double their run way.

Don’t get caught up in the narrative as Ripple didn’t come this far just to be stopped by a hefty fine. This is almost over. HODL.

Hey! Whats up amigo….good to hear from you.

The real facists are the globalists—wake up already and stop watching MSM.

The end is near as the SEC requests Judge Analisa Torres to approve final judgment against Ripple in XRP lawsuit. It ain’t gonna be no $2B: https://coingape.com/sec-ask-judge-torres-for-final-judgment-in-ripple-xrp-lawsuit/

Yes, Elon was right….

The SEC pushing for a $2B fine is not a matter of law but of corruption. It shows how bad the legal battle has really become between the SEC and Ripple.

The SEC is being weaponized and if one listen to Genslers MIT classes you’ll find some very interesting statements about how they game really works.

The judge has showed that shes not on board with letting the SEC strong arm Ripple. This isn’t going to turn out the way they want it to. The SEC proposal includes $876M in disgorgement, $198M in prejudgment interest and a $876M civil penalty.

Ripples chief legal officer, criticized the SEC move to ask for $2B and says their responding by next month. Corrupt agency whose trying to sideline Ripple from the game. Hinman. SEC. JPM. ETH. Emails. Fraud. Lies.

There he is! I knew you were here somewhere….

Go XRP!

We’re veterans….lol.

Lets go!!

Yes!

Were all in!

Yoda is still here waiting in the shadows—held strong and loaded through the storms. Over the 7 years Ive been here I’ve had wonderful opportunities to lower my average which I significantly did. If I sold now I would do extremely well but I didn’t wait this long to do extremely well. Im here for the tsunami…..its still coming.

Go XRP!

I made large on this and got out at $95 and stopped following this. I haven’t looked up who their merging with but if this shot up to $120 when DWAC launched then a merger can cause a nice spike. If you’ve been following this what’s your opinion on taking position to ride the wave here?

DWAC changes to DJT tomorrow?

Thumbs up….

Unreal I should of sold at $2 and now Im stuck

Ive heard many say XRP will be backed by gold but that doesn’t make any sense to me because XRP is a bridge asset. It looses all its scalability, speed, decentralization if it got pegged. It defeats the entire purpose of the goal in having all value run on the XRPL.

Having stable coins though pegged to gold collateralized by XRP on the XRPL aligns with the overall goal. Its like XRP would act as a large reserves vault for everything running across the XRPL.

Commodity backed stable coins by gold is unfolding—the bill for it has not been voted on yet (see link below). The financial war of having all value run on its blockchain is real and brings the battle between ETH and XRPL to mind.

Thats what the lawsuit against Ripple is really about as they are a threat to JPM who is behind ETH. In comparison to efficiency, speed, cost, cross offers, conversions and pairing for the best rate ETH loses against the XRPL.

PS: Many like to bring up XLM with XRP as well because of their history together and because they are fork of the XRPL and are connected to IBM.

Stable coins offer instantaneous processing as well as stability in pairing against fiat currencies and the only two digital currencies that fall into that category is XRP and XLM.

Nobody knows how this story ends or who will be the king of the hill but if a gold backed stable coin gets implemented onto the XRPL its going to be the start of a major transfer of value onto the XRPL.

LINK:

When Gold Backed Stable Coin? “Commodity Backed Stablecoins”

“Its Stable Because The Value Of It Represents One Ounce Of Gold” -Warren Davidson Speaking On A Possible amendment to HR 4766 “Stablecoin Act Of 2023” #XRP #RippleXRP
(Circa 2023) pic.twitter.com/cRZs8Xo3DR

— 𝙈𝙚𝙩𝙖𝙈𝙖𝙣 𝙓 ™ (@MetaMan_X) November 20, 2023

Both scenarios make sense, and no, its not like credit default swaps or any other derivatives. No debt system here—only the Internet of Value system.

I lean towards the second scenario I mentioned because its a two tier system and it makes perfect sense for XRP to back an asset (gold) backed stable coin on the XRPL as collateral.

Funny how you say you don’t understand but still speak in an absolute that XRP will “never” be a stable coin even after I shared what CTO Schwartz said and what the Capco document stated so yes XRP could very well back a gold backed stable coin on the XRPL.

What does this mean? It means in this scenario XRP would be classified as a stable coin, “but in a different way”, because it would be “backing” a gold backed stable coin on the XRPL.

This is a plausible scenario as Ripple already launched a platform on the XRPL for stable coins just last year. The writing is on the wall and we may very soon see a gold backed stable coin on the XRPL.

You said if you have CBDC’s you don’t need XRP for cross border payments because you just send the CBDC and it will just get converted to local currency? How will it get converted? Ill wait…

What technology do you think the order books use for cross conversions, pairings and offers for CBDC’s? CBDC’s just don’t convert and pair currencies like how XRP does. This is disruptive technology and the utility of this technology is what’s used to make it happen. Whose utility though? Thats the question….

Why would Ripple launch a CBDC platform for the development of CBDCs if their technology isn’t needed for CBDC’s?

LINKS:

Ripple Launches CBDC Platform for the Development of CBDCs and Stablecoins: https://www.businesswire.com/news/home/20230518005115/en/Ripple-Launches-CBDC-Platform-for-the-Development-of-CBDCs-and-Stablecoins

Ripple reveals 8 countries building CBDCs on XRP Ledger: https://finbold.com/ripple-reveals-8-countries-building-cbdcs-on-xrp-ledger/

CBDC Platform - Comprehensive, Stable, and Secure: https://ripple.com/solutions/central-bank-digital-currency/

:)!!

Very nice! Hope you’re doing well and good to see you’re still here.

On the heels of World Bank categorizing XRP as a stable coin and now auto bridging? This is native to the XRPL meaning its built into the ledger (layer one) and any automated market maker can use this (watch video below).

This makes XRP even more liquid then it already is with better cross offers, conversions and pairing with the best rate with anything else thats out there.

This is next level bridging and is why it enhances liquidity. Although this has been a tough hold Im not going anywhere. Its clear what they’re aiming for and if they succeed things will change overnight.

LINK:

XRP is used as the 𝙤𝙣𝙡𝙮 bridge currency in the Autobridging feature of the XRP Ledger.

New proposal XLS-60D aims to set Autobridging, to be considered by 𝙙𝙚𝙛𝙖𝙪𝙡𝙩 to bridge issued currencies via XRP

The XRPL AMM can use Autobridging too!

What's Autobridging again?👇🏼 pic.twitter.com/FNCOdzOIWE

— Vet 🏴‍☠️ (@Vet_X0) February 18, 2024

Hey old friend—I hope you’re well and Im still holding as well and keeping my chips on XRP black. Holding a good amount of XLM as well but my largest holdings is XRP.

Go XRP!

This is speculation based on the World Bank categorizing XRP as a stable coin as well as what Ripples CTO David Schwartz stated in an interview. Its worth noting that since 2012 no stable coin has ever been on the XRPL. I don’t think thats by accident.

Two scenarios here. Lets say for the first scenario XRP becomes a neutral stable coin for cross border transactions for CBDC’s.

Well, it can’t be cheap because you cant be using hundred of millions of XRP to send CBDC’s all around the world so it would have to be pegged to an asset like gold or to a basket of currencies.

A second scenario would be using cryptocurrencies themselves to back a stable coin. Schwartz says XRP could be used to “back” a stable coin. This means you would have a stable coin pegged to whatever asset or currency its pegged to and XRP. It would be a two tier system that would use a cryptocurrency as collateral.

Schwartz explains XRP being used in a different form like this and described it as a different unit of account but it would still be considered a stable coin because it would be backing a stable coin.

This scenario would make CBDC’s attractive enough for the public to accept as a form of payment. It would be having a two tier system for the stablecoin that would be used to send CBDC’s all around the world.

TWITTER LINK:

To clarify the conclusion I’ve come up with Capco doc regarding XRP as a stablecoin, we look at David Schwartz XRP backed stablecoin further in detail. It’s not XRP that will be backed but XRP that’ll back the stablecoin. stablecoin is still XRP but w/a different unit of account! https://t.co/NamPXPmSFP pic.twitter.com/A75Juy4Yq5

— Mickey_B_Fresh☀️🪝 (@MrFreshTime) May 11, 2020

It wouldn’t be based on the Worlds Bank Currency. The World bank categorized XRP and XLM as stable coins. The price of a stable coin is based on whatever they peg it to. My point is that if they used XRP as a stable coin they would have to price it high and peg it to whatever necessary to have it at that price.

Oh my no. A stable coin for the world bank would not be $1 because of how much XRP it would take to send $100M lets say so were talking a high stable coin price. At $100 price it would take 1M XRP to send $100M from Bank of America to the World Bank and that still sounds like too much XRP. The higher the price the less XRP is needed.

Sean McBride, who earlier served as a director at Ripple, hinted that XRP could evolve into a stablecoin amid World Bank recognition. Why hasn’t Ripple ever allowed a stable coin on the XRPL? This is very interesting and may soon grow legs.