jed mccaleb returns to xrp xrp to 85 000 according to xrp ledger explorer xrp scan
ripple co-founder jed mccaleb has sold more than 450 million xrp tokens this year and still has
about 220 million tokens in his taco stand wallet 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 mccaleb is
said to have started working on ripple back in 2011 and was part of its founding team when the
firm launched in 2013 although he left it in 2014 to work on stellar xlm he received 8 billion xrp
tokens for his work role in the development and foundation of opencoin which was later renamed
ripple the entrepreneur receives funds on a fixed schedule and has made it clear through xrp talk
a forum for investors and supporters of xrp that he plans to sell the funds received
since he has already donated some of the funds to charities such as give directly the literacy
bridge and others since then he has been selling xrp periodically this month mccaleb sold about
464. 8 million xrp tokens which at the time of writing were worth more than 181 million dollars
the cryptocurrency is currently trading below zero dollars 40 after losing almost 60 of its value
over the past 12 months amid a broader sell-off in the cryptocurrency market it is worth noting that
mccaleb's large sales of xrp continued even after the cryptocurrency experienced a major sell-off
due to the u.s securities and exchange commission sisi lawsuit against ripple labs last year the
securities and exchange commission said ripple and two of its executives raised more than one dollar
three billion through an unregistered ongoing offering of digital asset securities on-chain
data showed that the whales in the xrp ledger registry having from 1 to 10 million dollars of
xrp on their wallets quietly accumulated tokens to such an extent that their assets increased by two
four percent over the past 11 days and now on six 12 of the cryptocurrency supply ripple the largest
holder of xrp confirmed its intention to become carbon neutral by 2030 at the end of last month
the saudi british bank sbb and hsbc have signed a memorandum of understanding mao to further
explore expanding cooperation in developing new foreign exchange services and real-time payment
capabilities for saab's business in saudi arabia hsbc holdings plc is a british multinational
universal holding company providing banking and financial services and the largest bank in europe
sabb the second largest bank in the country became one of the first banking institutions to
join the growing ripple net network they have been cooperating since 2018 our clients saudi citizens
and expatriates have important obligations that require the very best foreign exchange and
money transfer services and as the kingdom's most international bank we have a unique opportunity to
present the latest payment capabilities in saudi arabia said sabby managing director and ceo tony
cripps we are working with our associated bank hsbc to provide next generation foreign exchange
payment capabilities in the kingdom mr crips added the decision to sign the memorandum of
understanding was made in connection with a sharp increase in foreign exchange transactions in the
kingdom personal money transfers of expatriates from saudi arabia in 2021 reached the highest
level since 2015 while the value of money transfers made by saudis increased by almost
35 percent last year the relationship with sabb is important to the hsbc group and this memorandum of
understanding opens the door to expanding our ability to support more customers in managing
their international financial and money transfer needs with even greater ease said nuno mottos
hsbc chief executive this is also an opportunity to learn more about saab's innovations including
international wallets and how new technologies and payment networks are being used to improve
the quality of customer service at admister mottos the expansion of payment opportunities is a key
component of sab's five-year growth strategy and innovations in payment technologies are an
important element of the vision of saudi arabia for 2030 and the efforts of the financial sector
development plan aimed at making the kingdom less tied to the cash of society this memorandum of
understanding will further expand the cooperation between hsbc and sabb and support the two banks
desire to improve customer convenience and make their international payments and cross-border
banking operations faster easier and even safer mastercard ceo michael miback recently made some
interesting comments while answering a question during a panel discussion dedicated to the
discussion of central bank digital currencies cdbc the question was asked whether he thinks
that the swift network will exist in five years to which miback replied no which stunned many
swift is currently a monopoly when it comes to cross-border payments but its foothold
in this space is rapidly eroding with the introduction of blockchain and digital assets
instead the future is likely to focus on digital blockchain networks that will take on this role
as well as the growth of cdbc in financial systems during the discussion the future of cross-border
payments and the potential of cbdc in the financial system were discussed cryptocurrency was
also often mentioned other well-known panelists who attended the forum are also confident that
the relevance of the swift network is decreasing due to new failures however some thought that
five years might be too short a time and that the network would exist longer than that time
during the forum ibac was the only one who said that swift would be replaced in the near future
and this is very promising since he represents mastercard which is currently a leader in its
field this suggests that alternative networks such as ripple net may eventually play a more
important role when it comes to international payment systems of the future rus ceo of digital
asset believes that swift will be replaced by other efficient cross-border payment systems
in fact mastercard being a partner of ripple can consider it as a capable system to replace the
swift system the price of xrp bitcoin ethereum and other cryptocurrencies is in a consistently
narrow range after a large scale dropped two weeks earlier as the price consolidates whales
and ordinary investors consider these levels good for entering the market although there is
no certainty that the fall has ended against the background of the recent downturn in the market
the xrp ripple whales have become quite active again according to the online network data
provider sentiment xrp whales owning from 1 to 10 million coins are actively accumulating
sentiment wrote the whales of the xrp network owning from 1 to 10 million dollars of xrp
collectively accumulated and now hold the highest percentage of the asset supply for two months
this is the most active level of non-exchange holders and they currently own six
twelve percent of all dollar xrp the xrp cryptocurrency has adjusted more than 50
percent after a brutal market collapse and over the past two months at the time of publication
xrp is trading at zero dollars fortion is the sixth largest cryptocurrency in the world by
market capitalization 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