Forwarded from RVhighlights
Forwarded from RVhighlights
Forwarded from RVhighlights
David 'JoelKatz' Schwartz
@JoelKatz
"Ripple has 300+ bank partnerships, but after 13 years, shouldn't there be billions in daily on-chain volume?" I think there are a number of reasons why institutions have historically preferred to use digital assets off chain rather than on chain. I think we're close to changing that because institutions are starting to see the benefits of moving on chain. But I agree it has been very slow. Even Ripple can't use the XRPL DEX for payments yet because we can't be sure a terrorist won't provide the liquditity for payment. Features like permissioned domains will address this. "If XRP is volatile, why use it over stablecoins for transfers?" There are use cases where volatility isn't a minus, or is even a plus. Generally, for most digital assets the general view is that the upside is worth more than the downside, so as long as you aren't very risk averse, holding it is not really a disadvantage. "If volatility is not an issue because it’s a bridge currency, what is the incentive to hold it?" A bridge currency only works if someone is holding it so that you can get it precisely when you need it. But I think that in practice if you don't know what asset you will need to hold next, you may hold the dominant bridge currency because it should be cheaper to exchange into whatever you happen to need next. "Are bridge currencies still necessary when stablecoins will cover most pairs in the future?" If one stablecoin wins, then no. You would just use that stablecoin as the bridge currency. But I don't think one stablecoin can win for several reasons, including that a stablecoin can only be stable relative to one particular fiat currency and will always have jurisdictional ties. If we're in a multi-stablecoin world, it still makes sense to have a bridge asset that serves the long tail of tokenized securities, loan portfolios, and so on. "Why would giants like BlackRock use XRPL for tokenization instead of building their own blockchain? (Robinhood uses Arbitrum and plans their own)" I'm not sure how much that will really matter so long as we have interoperability and asset portability. Multiple chains are a good form of scalability as well. But I think the best way to see why they might is to ask the same question about Circle -- why don't they launch USDC only on their own blockchain? You can see why that's obviously silly. I think the same kind of logic will apply to tokenized real world assets over the next year or two. "Geopolitical risk. Why would foreign countries trust a US based private company payment network?" If you're asking about XRPL, it's not really US based. It has never discriminated against any particular participant and if it ever started to, I would hope people would stop using it. If you mean Ripple's enterprise payment products, we have separately licensed entities in many jurisdictions. But obviously, you're not going to see it in North Korea or Cuba any time soon and their might be, in some cases, pushback to a US company having some control over, say, payments between Pakistan and Saudi Arabia. We build trust and we make hay where the sun shines.
2:39 AM · Jul 30, 2025
@JoelKatz
"Ripple has 300+ bank partnerships, but after 13 years, shouldn't there be billions in daily on-chain volume?" I think there are a number of reasons why institutions have historically preferred to use digital assets off chain rather than on chain. I think we're close to changing that because institutions are starting to see the benefits of moving on chain. But I agree it has been very slow. Even Ripple can't use the XRPL DEX for payments yet because we can't be sure a terrorist won't provide the liquditity for payment. Features like permissioned domains will address this. "If XRP is volatile, why use it over stablecoins for transfers?" There are use cases where volatility isn't a minus, or is even a plus. Generally, for most digital assets the general view is that the upside is worth more than the downside, so as long as you aren't very risk averse, holding it is not really a disadvantage. "If volatility is not an issue because it’s a bridge currency, what is the incentive to hold it?" A bridge currency only works if someone is holding it so that you can get it precisely when you need it. But I think that in practice if you don't know what asset you will need to hold next, you may hold the dominant bridge currency because it should be cheaper to exchange into whatever you happen to need next. "Are bridge currencies still necessary when stablecoins will cover most pairs in the future?" If one stablecoin wins, then no. You would just use that stablecoin as the bridge currency. But I don't think one stablecoin can win for several reasons, including that a stablecoin can only be stable relative to one particular fiat currency and will always have jurisdictional ties. If we're in a multi-stablecoin world, it still makes sense to have a bridge asset that serves the long tail of tokenized securities, loan portfolios, and so on. "Why would giants like BlackRock use XRPL for tokenization instead of building their own blockchain? (Robinhood uses Arbitrum and plans their own)" I'm not sure how much that will really matter so long as we have interoperability and asset portability. Multiple chains are a good form of scalability as well. But I think the best way to see why they might is to ask the same question about Circle -- why don't they launch USDC only on their own blockchain? You can see why that's obviously silly. I think the same kind of logic will apply to tokenized real world assets over the next year or two. "Geopolitical risk. Why would foreign countries trust a US based private company payment network?" If you're asking about XRPL, it's not really US based. It has never discriminated against any particular participant and if it ever started to, I would hope people would stop using it. If you mean Ripple's enterprise payment products, we have separately licensed entities in many jurisdictions. But obviously, you're not going to see it in North Korea or Cuba any time soon and their might be, in some cases, pushback to a US company having some control over, say, payments between Pakistan and Saudi Arabia. We build trust and we make hay where the sun shines.
2:39 AM · Jul 30, 2025
X (formerly Twitter)
David 'JoelKatz' Schwartz (@JoelKatz) on X
@andreijikh "Ripple has 300+ bank partnerships, but after 13 years, shouldn't there be billions in daily on-chain volume?"
I think there are a number of reasons why institutions have historically preferred to use digital assets off chain rather than on chain.…
I think there are a number of reasons why institutions have historically preferred to use digital assets off chain rather than on chain.…
Forwarded from BRICS News
JUST IN: 🇷🇺⚽️ FIFA President Gianni Infantino calls to lift ban on Russia from its football tournaments.
"This ban has not achieved anything, it has just created more frustration and hatred."
@BRICSNews
"This ban has not achieved anything, it has just created more frustration and hatred."
@BRICSNews
Forwarded from BRICS News
Forwarded from ❤️🔥Blazen Animals❤️🔥 (Blazen Herb)
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It's time to wake up! 🤭
Forwarded from ❤️🔥Blazen Animals❤️🔥 (M🤩lanie 💛 🧡 ❤️)
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Good Morning ❤️
Forwarded from 🎶 W.H.Grampa🎸
Did you know Hillary Clinton's brother .. Tony Rodham .. died two months prior to Jeffrey Epstein being found dead ...
W.H.G.
W.H.G.
Forwarded from BioClandestine
The fact that our elections are so insecure, is batshit crazy.
The winner of the US Presidential election gains control of the most powerful military ever known to man, and the Dems want this process to remain insecure…
Our elections should be the most secure on the planet.
The winner of the US Presidential election gains control of the most powerful military ever known to man, and the Dems want this process to remain insecure…
Our elections should be the most secure on the planet.
Forwarded from SantaSurfing
EPSTEIN RECENT DOCUMENT DROP 1/31/2026
BARACK OBAMA - There are 75 website pages (with about 10 links in each page) on Barack Obama!!!
I haven't even started going through these pages yet!
https://www.justice.gov/epstein
The Media - CRICKETS!!!
BARACK OBAMA - There are 75 website pages (with about 10 links in each page) on Barack Obama!!!
I haven't even started going through these pages yet!
https://www.justice.gov/epstein
The Media - CRICKETS!!!
www.justice.gov
Epstein Library
Forwarded from Insider Paper
JUST IN - Norway crown princess's son pleads not guilty to four counts of rape https://bit.ly/4qeDJxG
Follow @InsiderPaper for more news
Follow @InsiderPaper for more news
Forwarded from Insider Paper
BREAKING - Kremlin warns of 'dangerous' moment as US-Russia nuclear treaty set to expire https://bit.ly/46tjFjP
Follow @InsiderPaper for more news
Follow @InsiderPaper for more news
Forwarded from Insider Paper
JUST IN - WHO appeals for $1 bn for world's worst health crises in 2026 https://bit.ly/4tdDntR
Follow @InsiderPaper for more news
Follow @InsiderPaper for more news
Forwarded from Insider Paper
JUST IN - US tanker approached by Iranian gunboats in Strait of Hormuz https://bit.ly/4keXoMg
Follow @InsiderPaper for more news
Follow @InsiderPaper for more news
Forwarded from Jon Dowling @ www.chakra17coffee.com (JD)
Just as we suspected, Israel is involved and wants to strike the Bashar power plants in Iran where the Ayatollah is secretly located.
@JonDowling
@JonDowling