why 35 000 xrp is still going to happen
tuesday may 31st matt hamilton who is currently the director of developer relations at bittenser
explained why the dollar xrp digital asset was able to remain among the top 10 crypto
assets by market capitalization welcome to the rich club channel if you like this video
don't forget to like it and subscribe to the channel do you think the analysts are right
about xrp write the answers in the comments giving away 500 xrp at the end of the week
one random subscriber will receive xrp coins take a look at the instructions in the comments section
all you need to do is write the word xrp watch the video to the end to like and subscribe from
february 2021 to september 2021 hamilton worked at ripple as director of developer relations
and from september 2021 to march 2022 he was the chief attorney of the california fintech company
hamilton's comments about xrp were made in response to the following tweet by cardano fan
victor duran who was a social media manager at nft maker i don't know anything about ripple dollar
xrp except that it aims to make cross-border payments cheaper but is it really being used
i'm curious how did he keep his position in the top ten no dx no smart contracts no nft and he's
in an ongoing lawsuit with the sec hamilton told duran that the reason xrp remains in the top 10
is because it works the reason why xrp remains in the top 10 is because it works he does what
it says on the jar xrp ledger is still the best blockchain for payments and value transfer
it is decentralized secure fast cheap scalable and well tested withstood the test of time speaking of
ripple two of the six keynote speakers at the recent banking for xero conference may 30th to
31st 2022 in bucharest romania or from ripple anthony welfare senior advisor cbdc europe and
global partnerships james wallace ripple x vice president for central bank and cbdc engagement
here are some photos from the conference courtesy of mary hall senior head of product marketing
at cbdc solutions at ripple at anthony welfare from ripple explains hashtag cbdc today at the
banking for xero conference ripple's james wallace takes the stage at the banking for zero conference
in bucharest to discuss cbdc innovations with at ripple solutions as for ripple and its interest in
helping central banks around the world with their cbdc projects it is worth noting that on february
11th the digital euro association dea announced that it was delighted with the new partnership
with the fintech firm ripple the digital euro association dea is a think tank specializing in
central bank digital currencies cbdc stable coins crypto assets and other forms of digital money
its mission is to contribute to public and political discourse through research
education and providing a platform and community for policy makers technologists and economists
to discuss topics related to digital money he strives for independence and excellence striving
to set the agenda and shape policy encouraging new ideas and foresight in the field of digital money
in a blog post published on february 11th the dea began with a story about ripple's experience with
central bank digital currencies cbdc ripple one of the leading providers of enterprise
blockchain solutions and cryptographic solutions for cross-border payments has recently developed
a blockchain-based infrastructure to support cddc and among other things is collaborating with the
central bank of bhutan to help implement their cbdc pilot project ripple is also a member of the
digital pound foundation and continues to expand its cbdc efforts worldwide jonas gross chairman
of the digital euro association said the following we are very pleased that thanks to the partnership
with ripple we can expand the technological experience of the dea community as more and
more cbdc projects around the world reach advanced stages cbdc technology design will play a key role
for policymakers in the near future whereas in previous years the focus was on research and
james wallace ripple's vice president of central bank engagement said we are pleased to join the
digital euro association as a supporting partner to further develop our work in the field of cbdc
the dea works in europe and in global markets to stimulate the development and growth of cbdc
and in particular the digital euro ripple has invested heavily in the cbdc world with a team
of 40 people around the world helping to develop and provide solutions for cbdc and stable coins we
look forward to working with the dea to continue our work on the cbdc over the next few months
in a blog post published on march 3rd 2021 ripple reported that more than 80 percent of the world's
central banks are actively exploring some form of government-backed cryptocurrency and that a
wide range of central bank digital currencies cbdc will eventually appear ripple stated that
the existing public blockchains cannot meet the needs of cbdc because the central bank requires
more confidentiality of transactions and control over its currency than a public registry can offer
which means that it will most likely prefer to create a cbdc on a private basis a registry that
can also work at the required scale also he mentioned that compatibility is crucial
in addition interoperability will be crucial the ability of a private ledger to connect to the
existing global financial infrastructure as well as to other cbdc's and other digital currencies
in fact in its innovation program for 2021-22 the bank for international settlements has identified
interoperability for cross-border payments as a top priority for cbdc ripple's proposed solution
to this problem is the cbdc private ledger which uses the same distributed ledger technology as
the xrp ledger which means that it is built for payments and designed to issue currencies
xrp can then serve as a neutral bridge asset for the unhindered movement of value between cbdc
and other currencies ripple further stated that transactions in the cbdc private ledger will
be inexpensive reliable and fast initially it will process tens of thousands of transactions
per second tps with the potential to scale to hundreds of thousands of tps over time
since then ripple has been engaging with central banks around the world to better understand their
goals and evaluate how a private cbdc registry can help achieve them one of the creators of xrpl and
the technical director of ripple david schwartz sent out the following tweet after this blog post
xrpl has been running smoothly for more than eight years and billions of dollars are at
stake cbdc private ledger provides transaction confidentiality and security controls combined
with the reliability and solvency of xrpl the best of both worlds and monica long general
manager of ripple x ripples initiative to create an open platform for developers for money tweeted
on the same day matt hamilton who was director of developer relations at ripple x at the time
explained a few things to members of the xrp community the public ledger is created for
payments and it was built almost a decade ago long before banks knew how they would use blockchains
this gives the best of both worlds a private blockchain for interbank transactions but linked
to a public one for interbank transactions each custodial exchange bitstamp binance kraken gemini
coinbase etc is a private book just run the closed source software it's the same but open source and
decentralized within this organization about six months later ripple announced a partnership with
the central bank of the kingdom of bhutan a landlocked country in the eastern himalayas
according to the blog post the main idea of this partnership is to help the central bank of bhutan
also known as the royal monetary authority use the ripple cbdc solution for a phased pilot launch of
the central bank's digital currency cbdc the current price of xrp for today you can see
yourself on the screens and the trading volume for 24 hours is one two nine four four three six zero
six five us dollars we are updating our xrp price in us dollars in real time xrp has dropped four
eight percent in the last 24 hours do you think xrp will be able to win the court and restore its
former price write the answers in the comments that's it for today thank you for watching this
video to the end if you liked it then don't forget to like it and subscribe to the channel