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Welcome back to the show everybody check Out these headlines here we've all heard The catchphrases flip the switch Big Bang cut over and everybody's like yeah Well nothing's happened well let me ask A question would it matter to you if Swift was Now using those Terms I thought so somebody roll that Beautiful [Music] [Applause] Intro digital perspectives with Brad KES Come on [Applause] In welcome back to the show you can Follow us on Twitter Youtube and dig Prospectives decom for exclusive content At the top of the screen $ 2.54 trillion Market cap for crypto the market is off By 4.6% uh 63,500 Plus for Bitcoin right Now 3,300 Plus for ethereum 103.1 Billion plus market cap for tether 60 Cents for xrp off by 1.6 on the 24 off By 2.6 on the 7day range of price vary Quickly between 61 cents on the bottom 65 cents on the top we are at the bottom Range right now the entire movie excuse Me the entire Market is moving in the Wrong direction but we will keep an eye On it take a look at this rate quickly Here I want to remind you about the Future of digital assets benefit dinner Where you can have private dinner with
Brad garlinghouse Michael Arrington John De The Honorable chrisan Carlo and Others and let me tell you something Dai Is going to be there that's right the Digital asset investor the goat himself And myself will be at this dinner and we Are going to have a wonderful time and I Hope you will get a ticket because Here's the beautiful part you can get a Charitable donation to the digital Chamber which is the digital Chamber of Commerce the rebranding and you can help Support them and it's a tax write off so This is just a beautiful way to have Private dinner with Brad and all these Other incredible guests as well as have A charitable donation to help the fight To stop the crypto ban on Capitol Hill And help perryan and the crew over there As well as get something for yourself And have a tax donation in the process And a tax right off so so don't mess Around and get your ticket general Admission ticket before they run out get A room right at the MGM Grand stay at The facility it's a beautiful facility We love it over there and they have some Of the best dining in restaurants you Can imagine the food and all the shops That they have there's so much to do It's its own little city and you can go Right from your room to the conference It's going to be a wonderful time now Today is a very special day because
Automated market makers go live today Yes I'm super excited because forever More the way The xrp Ledger was Yesterday it'll never be the same going Forward from today it is that remarkable What's happening ladies and gentlemen And I I cannot wait to see as this all Comes together and develops if it comes Together without any issues which it Shouldn't have and I'm sure if it does They'll be worked out over time but as It develops I have to wonder how this Will look to the eyes of a regulator you Know let's us not forget the way the Eyes of the regulator is now seeing Ethereum much different from proof of Stake to proof of work or proof of work To proof of state but here we see uh CTO David Schwarz debuts trading bot based On xrp Ledger automated Market maker he Said I spent two weekends implementing a Trading bot that uses an algorithm That's as close to The xrp Ledger Automated Market maker algorithm as Possible to trade on centralized Exchanges here's it's trading salana and Then he shows it down here trading uh More clearly in salana with the font Change and then eth and then Bitcoin and Salana and eth so this is really cool And then somebody says is it profitable From vet and then David says it's too Early to say with high confidence but it Looks like we it would make about 11%
Per year whoa but it's really hampering By the trading fees it has to pay you Can see from the log that it can it Can't take advantage of smaller price Movements and so misses a lot of Volatility so with that uh Angie asked Down here David what's the ultimate Advice for someone diving into the world Of amm For the First Time eager to join The action David says I would say to go Slow especially given the automated or The xrp ledgers amm implementation is Brand new to handling real value it's Going to be here for a long time so no Rush to dive in first minute and that's How I've been approaching this as well Super excited about this but I want to Learn about it and if I do decide to do It I want to make sure that I'm using Something that's an acceptable test size For myself so in other words whatever I Decide to use if it doesn't work work Out for me I'm not going to be upset Because I already planned on making that Investment regardless of it going well Or not so maybe that's something you Guys want to consider As you move into It too super excited but to add to this Whole automated market makers going live Today not only will David Schwarz be on Stage but this is why I tell you this is Going to be one of the most important Conferences you're ever going to attend Because of the timing of it all this is
Not a mistake listen you know automated Market makers going live here we're Going to have Moy Finance on stage at Xrp Las Vegas they're going to be Participating in automated market makers Because they're set up for it right now So you know we're going to hear from Somebody who can offer that to people on Stage at xrp Las Vegas not to mention The fact we're going to hear from David Schwarz even further about what he's Going to learn between now and may about The autom automated market makers and Any new features that he's excited about Of the ever expanding ledger so I cannot Wait I you guys can tell how excited I Am I hope you get your ticket in come It's going to be a wonderful time However this guy says it right here he's Talking about a white swan not a Black Swan and he says just like we do here on The channel That White Swan would be Regulation that and so if we were to get A market structure bill in the US which I think is one of probably the biggest White swans that could happen to our Industry is just regulatory Clarity on Whether certain tokens or Securities or Commodities how they should operate what It takes to be an ATS venue I think That's a big unlock and if you can get Some of the larger market participants The fidelities and the black rocks and Some of the larger custodians behind a
Market structure Bill uh then I think You really start to see this real world Asset narrative get some legs in a way That it hasn't and and I think that's a 100 100% spot on that's what we've been Saying here right and you know what we Know that we're closer than ever in the United States because we've heard all The all the people talk about a Janet Yelling just recently a couple weeks ago Said that crypto or stable coins are a National security issue well that's not Something that Congress can turn a blind Eye to you just don't get to willy-nilly Turn your blond turn your head to National Security risk or issues right They have to be dealt with so look at This really quickly here is City and Brazilian Development Bank have joined The hyperledger foundation to work Collaboratively on fostering Enterprise Grad services and solutions using Blockchain technology when you go into This first of all we know City and Brazil has deep relationships with uh Ripple and we know here the hyperledger Foundation is a global ecosystem for Enterprise blockchain for anybody that's Not aware of that uh technology which Currently has 134 supporting members so It's a giant Foundation of a bunch of Traditional financial institutions like Banks and what have you as well as new Payment providers like Ripple and others
Right so I just wanted to share that Right now this is being built with which Is an open source ethereum client so I Wanted to make that clear for everybody And you have to wonder how does this Shake out if we see ethereum end up Becoming a security uh we know what a Hurdle it was going to be for ripple Over xrp to not be used if it ended up Being Security in the payments world so You have to wonder how this will be Working out if it goes that way will This city Brazilian Development Bank Continue to work with uh ethereum's Clients Uh you know what I mean or will they Have to move to other Protocols and meanwhile we see here Longtime Ripple partner th's payment has Announced an expanded strategic Partnership with you guessed it visa Love hearing this this move deepens ties With visa to expand digital wallet Access across Asia and Africa with Visa Directs push to card feature payouts to Over 190 countries and territories are Streamline this collaboration Taps into The surging popularity of digital assets Expected to reach 60% Global adoption by 2026 wow by leveraging thun's vast Network and visas expertise this Partnership aims to revolutionize Global Money movement catering evolving Consumer demands in an increasingly
Digital World well said there and no Issue there right because there was no Free pass yeah we did it the Oldfashioned way we earned it yeah That's right and then here I want to Bring you in at about uh to at about a Minute 15 here let me bring this in and You're going to hear inside of the European Parliament this is the woman From Standard Chartered Bank here Telling you about the yearslong Relationship with ripple when it comes To crypto Assets in this new technology Towards crypto assets I think standard Charted is is is maybe a slight outlier Here in that our Fe we do have live Crypto asset initiatives and I'm talking Crypto assets here not tokenized um Traditional assets we already have a Live crypto asset custodian and a live Crypto asset um brokerage and exchange Again through our Santa chart Adventures Arms and we will soon be launching Crypto asset custody um in Dubai as well Um and the reason for that we don't Necessarily think crypto assets is the Endgame we are sort think aligned with Other with other peers in that we do Think tokenized traditional assets is is Is more the endgame but the learning That we've gone through as an Institution through getting these crypto Asset um initiatives off the ground and Frankly that's where the liquidity is at
The at the moment and and hence there is Some commercial opportunity there the The learning that we've gone through From a risk management perspective is um Is really quite something and I think About our first foray into crypto assets Which was our first investment in Ripple In 2016 and our our whole risk Management framework in regards to Digital assets has has incrementally Enhanced year on year the learning that We've gone through has been um hugely Hugely valuable and we hope sort of sets Us up in in pretty good stead so I think The um what so the the point I'm coming To is the the Regulatory attitudes and I think the Political um rhetoric around crypto Assets and digital assets is is actually Possibly more important than the actual Ulation itself um we have not yet come Across any genuine regulatory blockers That have prevented us from moving Forward in the Endeavors that we we want To explore and there you have it and They don't have any hurdles in front of Them because they've been partnered with Ripple since 2016 Ripple is obviously on the final Leg of getting that legal finality in Every different area of the case you Know there's only the one little area Left here so uh we're going to get that Clarity ladies and gentlemen that's
Happening okay judge Torres said xrp in And of itself is not a security let's Keep that in mind as we move forward Then here's the big socket to me punch Today it's coming from Wrath of common And Swift ladies and gentlemen wow today Swift proposed a shared Ledger you know Like the one that we hear the bis talk About all the time a unified Ledger Uhhuh that one uh for payment data using Blockchain technology they suggest their Transaction manager discussed the Benefits DVP it's heady stuff this Discussion is sure to raise lots of Questions for xrp Ledger and ripple fans Let's get into it because he's Absolutely right the need for Rich data In their shared Ledger par Paradigm the Concept of a new Universal shared Ledger For digital payments and assets is Gaining interest as a way of Transforming how transactions are Recorded and settled when combined with A messaging layer a shared Ledger could Create a powerful proposition capable of Supporting the rich structure data Exchange needed for transactions in Regulated assets or money now going back Through this it talks about the uh bis As we covered here the annual economic Report for 23 and its blueprint for a Future of monetary system envisioning uh Uh a new type of financial Market Infrastructure a unified Ledger we've
Covered this multiple times which could Capture the full benefits of Tokenization other industry bodies have Also been exploring the potential of a Shared Ledger monetary authority of Singapore for which Ripple is also a Partner with right ain't that funny it's Global layer one gl1 initiative to Facilitate seamless crossb transactions Using an open Digital infrastructure Other notable initiatives include IMF we Know they have a relationship and Certainly well aware of Ripple and the Work being done by a broad set of banks In regulated liability networks and we Know that these are the big deep Networks for the banks on the back end Rlns regulated liability Network so what Is a shared Ledger excuse me the concept of a shared Ledger represents a shift in the way Financial systems book or books or Records are kept it says today's Financial institutions financial markets Infrastructures record transactions Separately on their own databases use a Messaging structure to reconcile Instruction or construct positions Across different records of value now it Goes on to say here and you're going to Love this all right stay with me here Iso20022 based on message uh based Messaging layer will enhance the shared Ledger proposition by offering a payload
Of Rich structured data to fulfill Adjacent functions that are essential to Completion of any regulated Financial Transactions in an instant and Frictionless way now this reminds me Exactly of Xrp Ledger what Ripple have been doing And the market infrastructure they've Been building for over a Decade does it Not listen to this part this is where it Sounds very now it does not say in here For clarity it does not say Ripple or Xrp Ledger but knowing what we've known For years and years and years how can we Not watch this and say this could Possibly be a relationship with XL XL Xrp Ledger or Ripple obviously directly And then xlm and Stellar as well right So but but listen to this part this Part's pretty remarkable operating on a Real-time 247 basis a such a shared Ledger would uh could offer Instantaneous movement of value and Native Atomic settlement for delivery Versus payment which is what D versus p Is Right payment versus payment Transactions while reducing the need for Reconciliation between finan Institutions getting rid of that Friction there could also be an Opportunity to build additional services On top of the shared platform which is Why I believe the xrp Ledger has been
Waiting to get that final legal Clarity Before doing such a thing but I'm I'm I'm injecting my own speculation here as You know so now here we look at this Defining the future of tokenization one Way the future of tokenization could be Realized is with a big bang transition Towards a shared Ledger Paradigm Alternatively it could take the form of More gradual path and multiple shared Ledgers coexisting with traditional Systems now that absolutely sounds like The xrp Ledger to me because the xrp Ledger according to what I've learned And in conjunction with the interledger Protocol would allow multiple shared Ledgers blockchain distributed Ledger Technology as well as coexists with Traditional payment systems that exist Today so that sounds very similar and I Don't know many other protocols that Have that kind of capability so it's Just one of a few but again to speak to This a shared Ledger is what makes sense To me because it's a multi-world ledger Or multi-world Ledger jeez I can't even say it it's a Multi- lger world after all right say That five times fast I I can't maybe you Can but nevertheless this looks a lot Like where we want to go and I remind Everybody with big bang transition Remember Victoria Cleveland long-term Partner to the bank of
England she told us a big bang cut over In 2019 2020 but then the pandemic Happened Right what else do we know James Wallace Told us that embridge is in fact uh The Xrp Ledger is in fact one of those Pilots of embridge if not the pilot of Embridge and we know that xrp serves as A bridge currency in that model and it Serves by connecting multiple ledgers And why would you connect multiple Ledgers to The xrp Ledger because it has A decentralized Exchange M Drop that's where we are then I want to Leave you with this we're going to Listen to Mr Christian Carlo today tell You about how you could get that done Between the government and a private Enterprise a quas he like government Involvement take a listen this is Remarkable our proposals I think is a Quite simple one and that is that there Be a Independent um uh um Enterprise and now it can be a quasi Governmental there there's certainly a Role for strict standards and government Uh role in this but having been in the Government knowing how difficult it is To actually do technological innovation In government being a representative of Government that couldn't build a medical Website that's right uh and after three
Tries eventually went to the private Sector to get it done if this has really Got to be built if it's going to be Built on time and built it's got to be Built with private sector Involvement I don't think you can say it Any better and obviously if you don't Know this is The Honorable Christian Carlo former cftc ch chairman as well as The co-founder of the digital dollar Project and again this man is going to Be on stage at xrp Las Vegas why are we Having him there because I certainly Understand that this is the greatest Financial paradigm shift in the history Of mankind and it cannot be overstated And we are going to bring that to a head At xrp Las Vegas and the conversation We're going to have is going to be much Deeper on exactly what he's talking About here about that public private Relationship and what it will take to Help ensure that the US dollar is Dominant for the next 100 150 years to Go all right look we're going into the Freedom Zone not Financial advice or me Or anyone else I hope you will join us You're going to want to be inside of Here we're going to jump down into this Ethereum eth gate business and what's Going on here and we're going to hear From one of the powerful investigators And slews in this area you know because Of censorship issues I just I don't feel
Comfortable digging into these topics Any more on social media so we're going To do it here in the freedom Zone you Can join us at dig prospectives decom All you got to do is click the freedom Zone button and come on In all
