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Hello this is Matt on the moon Lambo Channel are you ready to see the moon Lambo wood chipper put into use it's Been a while since I've had to use it But coindesk they continue to exist so I'm going to make sure I keep the damn Thing around because they will continue To publish a bunch of nonsense as the Years pass about both Ripple and xrp Because reasons here's the latest Headline full of nonsense which got Slammed by Brad Garland house I'm going To show you what he had to say in just a Second here but here's the headline from Coindesk what does Ripple stable coin Mean for XR xrp you might read that Headline and think um wow maybe this is Going to be some sort of insightful Piece maybe I'm going to learn something From this if you think that you are Mistaken because this is flaming hot Garbage it is a dumpster fire of an Article that is exactly what this is It's incredibly biased and the author Has done crap like this before it's got A a a clear bias writing as though it's Some sort of you know insightful Editorial no absolutely it is not and so I read this article initially yesterday And as I was going through it like every One to three sentences I paused and I Just had to like stop there and think About the nonsense I was reading and Then I was just replying quietly in my
Own head I basically as I read the Article had my own little private Moon Lambo video I wish I could have just Somehow magically recorded that and put It on the Weber Nets but instead I'm Going to reread it uh having not read This since yesterday and I'm going to Share with you my thoughts on the flight And I'm sure that pretty much all of It's going to come rushing back because My God this article really burned my Biscuit son but before going further I Do want to be clear I do not have a Financial background of any kind I am Not offering Financial advice and you Definitely should not buy or sell Anything because of anything I say or Right I'm just an Enthusiast who enjoys Making YouTube videos about crypto Related topics but just as a hobby and Just for fun now Brad Brad Garing House's response to this article Resulted in other crypto articles being Written including this one from you Today titled Ripple CEO lashes out at Coindesk over embarrassing article uh Here's one from the Crypt basic Ripple CEO hits back at coindesk criticism of Stable coin initiative so it's all over At this point some of you undoubtedly Have heard about this Kur fuffle by now But uh take a look at this just to give You another example here because this This piece was written by Daniel um
Who by the way is the here's his little Profile on coindesk he is the uh our a Deputy manager editor there there's him Right there and uh just to show You I told you he's written a bunch of Crap like this before here's an example Uh from June of last year I just came Across it from a quick Google search uh This is June 13th 2023 by Daniel uh Ripple does not care whether xrp is Sufficiently decentralized there you go XR xrp what who cares who cares let's Have it as centralized as possible right That's Ripple's position except for real World evidence demonstrates that is not The case in fact you know from the time I came into this point xrp the XP Ledger Has become way more decentralized uh Largely in part because of Ripple they Took Ripple took their validators many Of their validators offline as there Were more participants within the xrp Ecosystem as it got bigger and healthier It became more decentralized this flies In the face of actual f facts logic Reason data all that and so the headline Here again this is the new one what does Ripple stable coin mean for xrp and as I'm reading through this just keep Recalling to yourself that this this Right here this is why we cannot have Nice Things oh no no no no before I want to Share with you what Brad Garling house
Had to say first oh yeah I want to do in This order so here's what Brad Gar House Ripple CEO had to say to put it mildly It's embarrassing for coindesk it's Embarrassing for the industry but as Arur who by the way arer is the guy up Here here uh he's the CEO and founder of XP Market this is who he was responding To because he had his own push back Against this he says but as arur points Out these are the kinds of people a Deputy editor holding the whole industry Back childish Antics masquerading under What should be a credible brand that Leads coverage of the crypto industry Yeah should be a credible brand they're One of the most well-known unfortunately When it comes to crypto news but there's A reason we here in the P Community Called coindesk fud desk because they Fud everything having to do with xrp so I wrote to Garland house and said I just Read the coindesk article and it's a Flaming dumpster fire of hot garbage so Many inaccuracies and misrepresentations Of reality and I also wrote to coindesk When they shared this article and I Wrote you should be ashamed of this Tripe you call Journalism they're not though they're I Just they should be they're not so Anyway the article reads follows Ripple Has declared the death of Xrp well to be fair to be accurate
Ripple CEO Brad garlinghouse has said The exact opposite when announcing the Silicon Valley crypto mainstate would Launch a US dollar Peg stable coin later This year folks there you go the first Sentence Ripple has declared the death Of xrp couldn't even it couldn't be Couldn't even be could be further away From the actual truth now of course this Guy doesn't understand xrp the xrp Ecosystem or how Ripple is positioning Xrp as a bridge currency and why a Stable coin wouldn't couldn't do the Same thing he doesn't understand that That you know cryptocurrency that is uh Decentralized would be better suited Than for for some use cases than a a Centralized stable coin there are Different trust implications there's Counterparty risk with a stable coin he Doesn't understand any of that and as Far as it pertains to Ripple's specific Use case and I went to Great depth Yesterday in a video that I published so I won't go too in depth here but I I Ripped to to shreds the idea that this Stable coin Ripple will be launching is Going to hurt xrp it's the opposite it's Going to help xrp and it's also not Going to replace xrp as a bridge Currency and you know these people don't Seem to understand well they can just Use the the stable coin for this and I I Mentioned this yesterday in a video I
Was like well you can use if you're if You're transferring value to somebody That's already in crypto you're in Crypto your friends in crypto say They're in a different country you don't Need Ripple you don't need on demand Liquidity you don't need Ripple payments You don't need Money Gram you you don't Need any remittance firm what you can do Is send your xrp or a stablecoin or Bitcoin if you want your transaction to Be slower and more costly or E pick pick Your coin pick your H part whatever you Can take your your your Co coin of Choice stable coin or not xrp send it to Your friend in another country and then They just they just sell it and cash out From their exchange on the other country You don't even need a remittance firm so We and crypto got that but what about The rest of the world because we're only 4% of humans roughly four to 5% of Humans have ever owned crypto at any Point in time what about the other 95 96% of humans well good for them that Xrp is being used in the guts of ripplet So if if if an odl customer uh has has One of their customers a consumer a Retailer retailer type just send send a Transaction they don't know how the Payment flow Works they don't know that Xrp is getting used in the background They don't know why it's cheaper and Faster it just is they have no idea but
They don't need to know how it works we Don't have to onboard them into crypto And ripple is the only company on the Planet that is doing this Literally there is no other company even Trying to do this with a stable coin or Anything Else so because one of the benefits is You don't have to onboard people in the Crypto it just works with Legacy Finance Why then would Ripple need to create a Stable coin to replace xrp when it Literally does the same thing it makes No sense that guy does Understand it and a lot of people in the Xrp community too forget that you know The stable coins They're they're not going to do the same Thing xrp is doing even as Ripple Applies it because uh you don't the Point is you don't have to onboard new Crypto users like that's one of the Points this guy doesn't understand any Of this I'm sorry folks I'm like two Sentences in and already all so like That's why as I was reading this article Yesterday I was it took me a while Because I had my own little Moon Lambo Video in my head just like yelling at This Guy oh my god really steams my Vegetables anyway this uh this numbnut Continues and he writes but in the grand Scheme of things xrp's usefulness is
Dwindling sorry xrp Army it's my job to Speak it how it is now folks obviously This flies in the face of reason you can Talk about and use now he focusing larg On Ripple if you want to look at that on Demand liquidity usage obviously has Been increasing but look at actual Metrics on The xrp Ledger what has been Happening for over a decade we've been Trending up in terms of even developer Activity which is pretty impressive Considering there isn't L one smart Contract functionality obviously the Rest of the world agrees with him that's In the world of crypto because xrp is One of only three coins that has always Been in the top 10 coins by market cap For its entire existence with the other Two being Bitcoin and eath but that's it What he doesn't seem to recognize this He doesn't understand amendments being Past increasing utility automated Marketer makers he not aware of this and Why automated market makers are useful On other blockchains as well is he going To deny that any of this is useful is he Going to deny that xrp ledger has the First ever the world first ever built-in Decentralized exchange does he like that On other Chains It's just not good here Because it's The xrp Ledger or because He's a biased uh bias little breath one Of these xrp derangement syndrome folks Maybe that's why is that so I'm sorry
He's saying sorry xrp arm it's your job No you're not you're you're spewing your Bias without facts and you should be Embarrassed Brad Garin house is right You should be Embarrassed my God then he continues Unfortunately the Ripple stablecoin Expected later this year will apparently Be backed one to one by cash equivalents Including US dollar deposits US Government bonds and other lowrisk Investments according to the company's Announcement the idea is reportedly to Create a more trustworthy alternative to Assets like tether and cires usdc indeed As many others have pointed out the $150 Billion stable coin Market is crowded But it's also highly lucrative got to Pause right there right to to be clear That number the fact that he's calling It crowded right now this is going to be Hilarious a decade from now when it's It's like over a trillion dollars2 Trillion dollar three Trill who knows What the number is going to be when the Stable coin Market is in the trillions And he's saying it's crowded at 150 Billion that's like saying when Bitcoin Was $10 oh man that's way too high it Was just like a dollar the other day oh Man that is going to age like a fine Milk you idiot Stick anyway dumbass continues tether
The first and largest stable coin that Uh that currently dominates the market Is essentially being used as a cash cow To fund tether CEO Paulo Ard doino's Many wild Ambitions from AI to Decentralized messaging it's possible Facing as much as a$2 billion fine from The US Securities and Exchange Commission Ripple is looking for a new Proven Revenue Source Garling house is Apparently unfazed by the crowded Competition telling CNBC in the future The stable coin Market will look Different certainly based on size uh Yeah he's right and you're wrong duh and Why shouldn't Ripple always look for new Uh for new revenue streams shouldn't a Business that grows dabble and other Stuff well I'll tell you this as a Business owner I I started my own Business in 2010 and I've been growing It with one of my brothers the whole Time and I will tell you this as we've Grown we've had more opportunity to get Into new revenue streams why shouldn't Ripple do this their strategy it's not In response to A2 billion potential fine To the US from the US Securities uh Securities Exchange Commission which by The way isn't going to happen I don't Believe that for a moment it's it's not Because of that he's just asserting that Because he wants to be a little control On the internet what's actually going on
Is Ripple is getting into all sorts Everything crypto if you ask Brad Garland house what what is Ripple the Company he won't say what he his answer Isn't the same as what it would have Been five years ago back then it would Have been something along the lines of Uh you know a fin tech company moving Money around blah blah blah that whole Thing uh no now he would say something Along the lines of uh Ripple is a a Company that helps uh Enterprise Entities engage in all things CRI it' be Something to that effect he he'd word it Much more quently of course but uh but That that would be the Message if you're on the Enterprise Level then yes we have Solutions free Which is why they bought Medico in May Of last year for $250 million or so I Think it was May of last year Anyway because they do they do custody They're getting into all things Crypto that's the point why is why is Evolving and growing and hiring more People how can you possibly stay with a Straight face that this is some sort of Uh negative response to potential fines From the SEC case I it's you can't I Can't take this guy seriously it's xrp Derangement Syndrome anyway then he continues Unfortunately in many ways Ripple's Existing business model selling
Financial Services based around its xrp Ledger as well as on demand liquidity And ripple net protocols is falling Short although Ripple has seen some Success forming Partnerships it seems Increasingly clear legitimate financial Institutions do not want to take on the Volatile current risks of working with Unpegged digital Assets Now folks that Is not true uh Ripple first of all has Literally hundreds of customers uh for For that segment what they're their Initial Core Business anyway and as far As the odl side of it now they're a Private company they don't have to show Us everything they're doing nor would I Expect it and that's perfectly fine but We've heard from their customers their Customers that use odl they they praise It now you'll see there's one coming up Here that stopped using it but wait till You see the reason they stopped using it It's hilarious Um it's not what you think they didn't It's not even bad um but uh but as far As the this them falling short here that Just doesn't make any sense and this Idea of financial institutions not Wanting to use a volatile currency no This was debunked like I don't know five Years ago probably like 2019 I want to Say the math was done it's actual math Showing that getting in and out of xrp Which settles in 3 to 5 seconds is way
Less risky than having uh You know using like a or going through The traditional Financial system to Convert from one fiat currency to Another when you're talking about um you Know this chain of bilateral Bank Transactions uh the amount of volatility While much more narrow bandwidth barely Anything to speak of at all over a Prolonged period of time it's actually Way more substantial than having Exposure to xrp for a period of 3 to 5 Seconds when it settles and also the Financial institutions don't even have To hold xrp themselves they don't there Are ways around that you don't have to So that's a non-issue anyway this guy Doesn't know what he's talking about Which is why I'm shredding this oh I Can't wait to put this damn thing in the Moon Lambo wood Cher it's going to be a Delightful anyway this piece of trash Continues over Ripple's decade plus History it often seemed better at Building Community the xrp Army and Being a crypto cause taking the SEC to Court Over The crucial question of Whether tokens are securities it's been Less successful at Building Products Companies and individuals actually want To use uh that's I just got to ask here What has Ripple done to build the Community it's so laughable people jump Into crypto and if they think that
They're that the xrp token makes sense Because it's technologically sufficient And can solve problems There's an actual Ecosystem around it great that's why I Jumped in and I acknowledge absolutely That of course ripples a part of it and They're the most well-known of Builder On top of the xrp Ledger fine but so What what did the fact that they're Building what did they do to to build Community in fact I remember and for Those of you that have been around about As long as me you might recall this they Actually did hire somebody uh to Interface with the community back in I Want to say 2018 I have to go back and Look that up and that person was with Ripple for I can't it was a very short Period of time might have been like a Matter of months and then that person Was gone that was that was Ripple's Attempt to engage and grow the what They're calling here the xrp army that Was it that was it after that they they They gave up that was It and I don't even care if they do like If they were to do that and persist in Fact I don't know if they hired somebody They were trying to hire somebody Recently I know that for a similar role That's fine like I have no problem like I would encourage them if they want to Be a part of the xrp ecosystem and help To grow great but they haven't been
They've been too busy building stuff What a bunch of garbage this is peace Continues Nobody is using xrp itself as the method Of payment just like nobody is really Using Bitcoin much for that Colombia Business professor and former paxo Stable coin fund manager Austin Campbell Said in a direct message now folks that Is literally not true all I all I'd have To do to prove to the contrary is point Him in the direction of some of Ripple's Odl customers well it's now known as Ripple payments but uh utilizing xrp as A bridge currency and we don't know all Of them but we know some of them and They've spoken publicly about it so Nobody I'm sorry nobody's using xrp what About Ripple's actual customers using it On a daily basis what about them but They're not us so this is a lie it's Literally a lie and it's on their Website because reasons well it's Because of xrp derangement syndrome Let's be Real pece continues of course that isn't Totally true diameter pay CEO David Lighton said he partnered with ripple on An early pilot experiment of xrapid Rebranded as Ripple odl to send Remittances between the US and the Philippines while he no longer uses that Particular service he does use the Ripplet messaging platform for some
Crossbank transactions which doesn't Rely on xrp Ripple has sort of a Best-in-class data structure most of the Banks are kind of behind lighton said It's a good product but they don't Really sell it that much anymore I think That they're sort of keeping it alive For their legacy clients it's not Entirely clear C to me why that is okay So there you go a customer former Customer well they're still using Ripplet for for messaging not using the Xrp side of it for settlement apparently From what he said here but he says it's A good product still well why do you Stop using that then well they do come Back to that uh it's just it's it's Barely further in the article so it's Going to be on your screen a second if It's not already uh this is why this is So hilarious this is the worst example That this editor here that I use that Word loosely um because just he's just Being a Troll he's more of a troll uh This is the worst customer response that He could find and this this customer is Saying yeah it's a good Product think about it it's on your Screen right there this is what this is What the troll for from coindesk wrote Here you know he he put the quote in There from the C the former odl customer It's a good Product isn't that
Something and so as far as the rest of What he says you know it's not in Entirely clear to me why that is well Well yeah you don't work at Ripple why Would they be telling you the ins and Outs of like how the sausage is made how Stuff is progressing sales meetings all That stuff why would they why would you Know you're not supposed to know I'm not Supposed to know I'm not part of Ripple peace continues lighton said he Stopped using odl when he left the Consumer remittance business but found It also to be a useful product there we Go one sentence later there we go I knew It was coming up real Quick he stopped using a liquidity not Because it didn't work he's praising it He said it's a good product it's a Useful product this is the worst that This troll author could find here they Stopped using xrp as a bridge currency Because their business left the consumer Remittance business so of course they Don't need It you know if you if you run a Hamburger shop and then uh you know and You sell some hot dogs too if you stop Selling hamburgers it doesn't mean There's something wrong with the Hamburger meat it means you don't need It anymore because you've exited the Market What do you see how ridiculous this
Is and this is the worst that they got By the way this is the worst they could Find my God so anyway peace continues it Helped him manage currency Risk by Providing real-time settlements for Small tokenized trades it's not entirely Clear how all of that has been put Together because I'm not currently using It but it's reasonable to say there's Some value added because it helps firms Reduce their cost of working capital he Said there we go so wait a minute xrp is Dead none of Ripple's customers use it Except for you found a customer that you Thought was talking trash but then they Say oh it actually helps them didn't we Just show a few paragraphs up nobody is Using xrp there there was that part There was that quote um well I don't Need to go I just read it so I don't Need to rehash all I literally just did It but obviously you just saw the part Where they're claiming yeah nobody's Using it I don't know the financial side Of ripples business H it's not going so Hot well you just debunked yourself you Idiot you Dam fool what are you doing Here it's funny at least it's obviously Funny so we got we got that at least you Know Silver Lining this this idiot stick Makes it makes makes for Lalls oh what a good time I mean I'll Tell you what if you haven't yet uh Gotten some poppy corn maybe you want to
Go pause this video get yourself some Popcorn poppy up some poppy corn come on Back Ki kick up your feet wi get toesy Wes get all comfy and then proceed with The rest of the video because the rest Of it is also going to be a veritable Hoot where the hell was I Even it's a good time folks it's a good Time um yeah okay it was right here uh However many of Ripple's higher profile Partnerships have fallen through santand There one of the largest banks in the EU Put Ripple on ice after the bank Realized using xrp wouldn't work for its Customers needs a stored relationship With money gram ended due to the Increasing costs associated with Crossborder xrp payments and the need For money gram to form third party Relationships with crypto exchanges in Dispersed regions okay I don't remember Admittedly the the part having to do With santand there and I meant to look That up for recording I forgot about That uh it doesn't matter there's enough To shred this video is going to be long Enough as is anyway but as far as money Gram that would there was an agreed upon Departure that otherwise wouldn't Occurred had the SEC not jumped in this Is well publicized to make it out to be Anything else oh it's another failed Failed partnership no that's not what The hell happened here the SEC ruined it
And so they mutually agreed to exit and Then money money gr went on to do other Stuff I don't know if they're ever Coming back at this point they things Have evolved within their company and They partnered up with Stellar since Then so the SEC did that doesn't mean That there's some sort of problem with Ripple or what they're doing with xrp Make it out to be something else though Anyway pce continues money Graham Terminated the deal with ripple no That's not that's not what happened it Was agreed upon in fact money Graham per The terms of the deal they couldn't have It was a multi-year contract they Couldn't terminate it Ripple had to Agree yeah makes sense with the SEC and They they It was friendly handshake okay Well we can R visit this later perhaps And that was it that's literally not True what they said here so I'll just Read it again though money Graham Terminated the deal with ripple which Invested $30 million in the remittance Giant in 2019 to use ripplet after a Class action lawsuit was filed by Shareholders alleging money Graham could Have been aware that xrp could have been Deemed a security and thus impact money Graham's bottom line the question of Whether xrp is a security won't really Be answered until Ripple's four-year Legal battle with the SEC ends after
Appeals folks another complete in Accuracy uh judge Torres declared that Xrp is not a security I don't even need To explain you the specifics on that I Know that I know that you guys know and Attorney Jeremy Hogan after this Happened he happily reported that he's Like he's like honestly the SEC can't Even appeal that because it's dicta it's Not something that which means so it's It's something that judge Torres added In it's not something something Specifically that judge Toros is even Required to rule on it just obviously She saw how horrendous what the SEC has Been doing is and she felt uh motivated To speak as as on that specific which She didn't have to do but she went out Of her way to say yeah this thing's not A security she absolutely did and Further even the SEC said yeah we're not Going to seek a pellet review of this That's how they ordered it meaning They're not going to appeal that Particular decision but they also can't So of course they said that but this Guy's claiming that xrp doesn't have Legal Clarity oh okay so it's not clear Then could you please tell me you idiot Stick why coinbase and every other Exchange in the United States relisted Xrp most of them the very same day I'm Sorry there's not Clarity here what a Lying
Liar peace continues right now it's a Complicated situation judge Anala Torres Found last year that xrp is not a Security by default specifically when Traded on exchanges but it does Represent an investment contract when Ripple sells the token to qualified Investors folks do be clear here I know I'm preaching to the choir you guys know This stuff xrp itself is never a Security it depends on the nature of Specific transactions and you you look Take a look at the howi we test but he Continues he says and that's the rub for Years Ripple has essentially funded Itself by selling quarterly tranches of Xrp for hundreds of millions of dollars To investors the SEC alleged that Ripple And two of it Executives raised over $1.3 billion from the sale of xrp Through unregistered Securities Offerings about $77 million of which in Institutional sales was found to violate Section five of the Securities act can I Just pause here to note he's going Through lawsuit stuff do you guys Remember the name of the article let me Just read it again what does Ripple Stable coin mean for xrp we're talking About the lawsuit now this guy just he Just wants to up a storm about Anything having to do with ripple or xrp Like that's it why are you getting into The that has nothing to do with the damn
Stable coin you intellectually dishonest Turd the gr's my gear son Let's Get Back Down wherever the hell is where was I Where where was I somebody tell me raise Your somebody out there listening raise Your hand and tell me where I am it's it On the Screen uh yeah here we go this is it Right here okay then he continues it's Unlikely no matter the appeals process That that activity will be able to Continue on the same scale it's hard That's literally not true folks I've Already talked about this in so many Videos and some Executives from Ripple Have talked about that including David Schwarz there are there are many ways to Skin a cat there's all sorts of ways to Continue uh the functionality of odl and God forbid they actually couldn't do With xrp which isn't the case for any And that' be just for quarters touching The United States anyway uh you could Use a different cryptocurrency anyway if Necessary but that's not necessary you Know it's it's literally Not and I don't want to go forur I'll be Too far you know outside the scope of This video to go in that further but I Have gone in depth on that in separate Videos this guy is just making crap up He's lying to anyone that will read this That is exactly what is happening Here so he says uh
Again um it's unlikely no matter what The appeals process that the activity Will be able to continue on the same Scale no it's going to increase in scale Because there's utility anyway Anyway it's hard to get a sense of Ripple's financials as a private company But in many quarters leading up to the SEC suit these programmatic sales Represented a decent chunk of Non-bottleneck has claimed in the past That it has over has had over 200 Clients for ripplet from central banks And financial institutions across over 40 countries but often beyond the Initial announcement that companies will Be using xrp for crossb liquidity there Is very little indication how often Ripple's financial services are actually Used often times the pilots are just Internal and not used for Consumer Facing applications so there's some just Making up so he's already saying uh this Information uh it's you know private Heeld company we don't know what it is But I know he's saying I know that a lot Of the time it's actually just a pilot And it never ends up going into Production version with them but see he Know so we don't know because they're a Private company but even though they're A private company he Knows make it make sense that doesn't Make any damn sense this is stupid St t
O l p i d Stupid so beyond that so yeah initial Announcements there there have been a Number of those haven't there and that's Great happy to see it I I I'm a fan of Ripple I'd like to I'd like to see them Continue to find success for sure of Course but uh why should they provide Regular updates on their customers Behalf and why should the customers Speak about their own internal Businesses and what's happening with xrp Like once the announcements out there What kind of update are you looking for Why are you expecting regular updates That doesn't make any damn Sense anyway this dumbass continues and He Says Bank doar Omar's second largest bank for Instance announced it would use ripplet In 2021 and offers customers the option to Deposit up to omr 1,000 to deposit Accounts in India instantly through Ripple but that is the only mention on The bank's website many others including Payments apps and remittance Services Make no mention of ripple at all on Their corporate sites oh okay so the one That you cited there it's on their Website because they're using Ripple Services aren't they but you need you Need them to like tweet at you or
Something what the hell is your Malfunction and and then the rest why Understand when you're talking about if You're if you're talking specifically About Ripple payments um and you may be Thinking of xrp as a bridge currency These Ripple's customers I I understand Some of them will mention on their Website they don't need to because it Doesn't matter to their customers they Are selling to their customers the end User the enduser doesn't know anything About the plumbing and they don't need To they don't need to know if xrp is Being a used as a bridge currency for Their transactions what's with this Expectation that it would be listed on The damn website you damn Fool peace continues lighton said he'd Consider using odl again if it was a Good enough commercial proposition and That if he could get comfortable with The Regulatory and compliance risks but When it comes to financial services There's a lot of up and downstream Relationships that do internal risk Ratings to figure out whether to work With you that aren't yet comfortable With crypto so there you Go if there's a regulatory issue it's Not with ripple R xrp it's with Conservative Financial Industries not Feeling comfortable with crypto broadly Speaking that's it that's it so he
Acknowledges it there but look at the Rest of the framing of this article this Piece of trash I mean I encourage you to Print this up on a soft paper and use it As toilet paper uh because then it would Actually be useful to someone right but Look at what he's actually saying here They're not comfortable with that the Framing says no xrp is trash Ripple's Usage of xrp is trash nobody likes it But but then he says That peace continues it's really a tough Environment right now to do something Cool and sexy he said I'm a regulated Entity my top loyalty is to our Anti-money laundering obligations asked Whether he'd be more comfortable using Stable coins or stable coin Based Services lighton said he's even more Hands-off there following the the Federal Reserves novel activity Supervision program instituted last Summer which dialed up the heat on Entities using stable coins now so look And I can't speak to that uh I'm not Operating in the world of of Finance I'm In the world of crypto sure and I'm a YouTuber in the world of crypto super Duper um as as far as that goes if Anything assuming that guy's right Though uh because as far as I can tell He's just given his honest perspective On this Uh you know if that's the case the like
Ripple stable coin it's not like this is Some sort of threat to xrp as I Highlighted so many reasons why it's the Case obviously but he he's kind of Saying no so if that's the case if That's how most are going to perceive This then that it's just another thing To be aware of and Consider anyway continues there's some Brilliant ideas behind stable coins the Problem is no one is really sure how to Regulate them lion said he mentioned That PayPal is allowed remittances Through its P USD stable coin on its Western Union like platform Zoom which Might be an Avenue that Ripple goes down To be fair Ripple's xrp based Financial Tools are largely meant to work in the Background oh now he recognizes it just Like I was saying largely meant to work In the back so he wanted it on the Website but now he's like oh it's this Supposed to be in the background then Why would it be on the website what are You doing and then he says though many Would still likely prefer Financial Rails built on Fiat rather than a free Floating currency now the fact he's Saying that shows that he doesn't know What in the ever loving hell he's Talking about Banks if they are going to utilize xrp As a bridge currency they don't even Have to hold it they literally don't
Have to hold it it's just used as a Bridge takes 3 to 5 Seconds to settle The rails that matter to the banks pick Your remittance firm they're already in Place and they're kyc and AML Compliant they just Are the the bank wouldn't care for a Second about 3 to five especially if a Market maker is taking on the the the Risk in terms of volatility And I'm not privy to the nature of you Know the like the exact nature of how Transactions uh flow exactly because That's that's just confidential Ripple Information and fine but either way we Already know that the financial firms They don't have to that's the point they Don't have to own xrp it doesn't even Have to be on the Books so what the hell is it matter What's he talking about they'd rather Use a free FL rather than a a free Floating currency What if if he's basically saying yeah We'd rather the B 'd rather just you Know use Swift and never progress at all Just that 1970s that's not even that's Fine we we don't need to there's Solution right here they don't need it They don't care about that right What peace continues and I think we're At yeah we're at the end here finally in Fact Ripple soon to be competitor circle Issuer of the second largest stable coin
Went through a number of corporate Re-evaluations going from a peer-to-peer Payments platform to a Bitcoin wallet Before it landed on the stable coin Business maybe that is the natural Crypto Li ccle so there you go that's The end of the piece of trash now think About everything that I just covered and Then go back to the title which is what Does Ripple stable coin mean for xrp They didn't even answer the question not Once in the entire article did they say What a stable coin would mean for xrp Not once not one damn time this guy just Wanted to up a storm and he picked A random title that had nothing to do With the actual content of the article You know what we call that we call that Clickbait when you have a title of Something that does not represent the Content in whatever it is that you're Putting out whether it's a blog or it Could be a YouTube video it doesn't Matter whatever you're doing if if you Put a headline up there you put a title Up and that does not represent the Actual content of whatever you're Putting out that is the definition of Clickbait that is what it Is what a piece of trash and so consider This now placed in the infamous Moon Lambo wood chipper and let us never ever Ever speak of it again again I'm not a Financial adviser you should not buy or
Sell anything because of anything I say Or right that would be a very very very Bad idea until next time to the Moon Lambo
