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📯 THE CRYPTO KING IS CROWNED ! 🤴📯THE CRYTPO GAME OF THRONES !!!💀🤑🤑
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Ceo of bank of America states that they move trillions in payments, “if you think about what cryptos are trying to solve move money across borders. Bank of America is a ripplenet partner they are on the global payments steering group. Due to regulations they are not allowed to engage and the stance is you have to ask before you can use by the way don’t ask. This is a very telling response, cross border payments is acknowledged as a pain point, boa is willing to lean in but have to wait for regulators, they are a ripplenet partner.
A bifurcation or a divide in the monetary system, he thinks China will use gold to stabilize their currency. Swift will be a target for cyber warfare and the reaction will be to update to a blockchain based system the US has done its part to push for this new system. He states this is a game of thrones a dangerous game where each player is looking to be the king and sit on the throne.
Fund managers like dawn Fitzpatrick are risk averse, ripple will have clarity in the next six months and when they do the institutions will be able to invest. Investing in platform like polysign is indicative of what’s to come.
It has happened extremely quickly over the last year, ODl has light up the rails and there are 25 countries a huge percentage of the volume running through xrp. As more volume runs through the xrpl the more xapps get built on the xrpl and attracts new projects and developers. It is a network that is expanding the more expands the more network effects it will have.
Andreeson and Horowitz looks for where talent is headed and the companies that have the most talent that is where they invest. Ripple has 731 employees with 167 Job openings. Brooks Entwistle came from Goldman Sachs, Rosie Rios came from the US treasury, Zoe Cruz came from Morgan Stanley, James Wallis came from IBM.
XRP was suppressed this bull run. The markets are forward looking, projects appreciate due to the capital, talent, and businesses adopting a protocol. Brooks Entwistle is telling you ODL volume is warming up in 25 countries, Developers and entrepreneurs that want to build something for utility will see liquidity as a strength. This was not priced in due to the risks of the lawsuit.
Dawn Fitzpatrick thinks the new frontier is fractional ownership the application of tokenization. This is something liquidmarket place is doing with the collectible market. Tokenizing collectibles where all users have the ability to co own collectibles that were once out of reach.
Trillions of dollars poured into crypto as well as some of the brightest and most talented entrepreneurs and developers. They are dedicated to this space and are motivated to see this world flourish.
#btc #xrp #ripple
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