What is up good people, Jungle Inc Here. Hope you’re having a good day. Now I got a great question yesterday in the comments of the last video. Someone asked why doesn’t SWIFT just build their own blockchain system to compete with Ripple. I think its a valid point. But when we look at all of the work that Ripple has done just to get to this point.
Tons of money, years on engineering time and partnership building. They have some of the brightest minds in this field and it still has been a battle. It is unlikely that swift would be capable of doing such a thing. To start from scratch would be too time-consuming and I don’t think they have the capital or the expertise to pull that off.
If they were going to use a digital asset for cross border settlement their best bet would be Ripple’s systems. I just think its a matter of time until the world is ready for digital assets when regulations are in place and the On-Demand Liquidity system is ramped up to scale. Now I just read an article by U-Today. Its titled Ripple XRP is in for Explosive Growth Prominent Venture Investor Tim Draper says. Now Tim is most noted for his investments in things like Skype, Twitter, Coinbase, Tesla and a slew of other major investments. He also purchased the seized Bitcoin from the Silk Road creator.
So this dude understands tech and blockchain. And he is seeing what all of us are seeing. Quoting from the article ” A Bitcoin and Investment guru Tim Draper predicts the calm before the storm for the price of XRP, as to call Ripple developer’s actions wrong is impossible. Looking at three-time growth of Bitcoin over the past 5 months one would expect a similar result from XRP. The company is actively developing, expanding the sphere of influence.
Enlisting the support of large financial institutions and constantly improving the technology of transfers.” Boom! Come on in as my buddy Brad Kimes would say. We see Ripple is building value. No one is doing more. It’s not sensible to say none of that matters. The market will catch up with the rest of us soon enough. We have the most useful digital asset, with the biggest partners, it has been put into play for practical use.
There really is no debate. The price of XRP will run its just a question of when. I gotta tell you I understand peoples frustrations. I see the same complaint time and time again. More good news but the price drops even further. I saw someone yesterday say its 100 percent speculative based. The utility will never matter. And in the very short term day to day they may be absolutely correct. That’s important to remember if you’re a trader.
But if you’re an investor who is going after monster Bentley Time Empire starting type of gains it couldn’t be farther from the truth. To start with the good news is fairly subjective, isn’t it? If you have a big stack of Bitcoins is it good news when xRapid transactions are on the rise. If your Holding XRP like your life depended on it and have no other holdings, do VET partnerships announcements cause you to run out and pump fiat into the market.
The hardcore crypto enthusiast is so tribalistic no announcement or news is going to move them off their mark. The news only affects new money. It’s like a presidential election we are going after the undecided vote. Yes, we need to keep our base our community engaged and interested in XRP, but we need the cash flows of the next generation of crypto investors to flow into our digital asset. How are they going to pick where to put their money.
Most of us (not all of us) but most of us are products of the 2017 bull run. That is what captivated our imagination and our attention. Our new cash flows pushed the price of XRP from .006 to 3.80. The ones of us that were crazy enough to stick around and keep buying and keep holding into the eye of the storm have maintained the price of XRP at levels many times above the starting price of .006. It likely will never return to those levels. That opportunity is a thing of the past.
Someday so will the 20 and 30 cent price levels be gone forever. I don’t pretend to know when that someday is but it is coming. So the question is what will be the catalyst that makes the everyday person jump into this market. The one that has forgotten all about this invisible coin nonsense.
They have moved on with their lives. I did it many times myself with bitcoin. I would see the price shoot up say to myself man I missed the chance of a lifetime and then I would go back to whatever I was doing. We don’t know what that catalyst is, but we know its coming.
What project where you attracted to in 2017 and 2018. The same project that has got exponentially more exciting and even closer to a global takeover of the financial system. What will be the catalyst that makes institutions start to pour money into digital assets? It’s going to happen sooner than later.
They aren’t building all of this infrastructure for anything. The Fidelities the SBI’s their not stupid. They’re not making a random bet out of anywhere. They have all of the data that we don’t have access to. Major financial institutions are building institutional-grade custody solutions. There’s a reason for that. They are not slowing down.
The stage is being set. It’s just a question of when. What will be the catalyst that makes institutions start using digital assets in a significant way? We are starting to see this for sure, but when will everyone use blockchain solutions for their everyday operations. You can google any company in the world you want. Put their name, crypto and pdf in your google search.
To act you will find some type of executive handbook that is attempting to prepare their organizations leaders for the coming revolution. Like us, they know the day is coming it’s just not here yet. And as you look over the crypto landscape and try to decide, what will be the digital assets that institutions will use and invest in. We are talking about a higher level of investor. Who is used to analysing defined measurable? They are not going to get bogged down by myopic thinking.
They are not hobbiest clinging to a living system of miners. We know XRP is likely to be the first crypto used by institutions because it is being used today. If it works at scale, we can expect the expansion of this technology to be historic in nature. Part of our problem is we can see the future so clearly, it seems like it is already here. xRapid or On Demand Liquidity is not the standard. No one is going to give you credit for almost having a great system.
We have to scale this system up and get more serious volumes running threw the network. Until then there is a great risk we will never get to scale. Only with great risk comes great reward, but we understand this tech and the people that are steering us towards that eventual reality. That’s what makes the future seem so clear for us, but the rest of the world will wait until its too late.
Until ODL is the standard and XRP is fairly expensive. And like a conquering hard coming home from a foreign invasion, we will have our coffers stuffed and our future secured. Now I just read this article from AMB Crypto and it’s titled:” Ripple exec claims there’s a huge opportunity in the Middle East I think this is a huge opportunity for growth in this region and also legitimacy.
Ripple describes their activities in the Middle East as replacing the plumbing with post-internet era plumbing. Quoting from the article “The same financial institutions can be instant, error-free and make sure they can provide that service in a very transparent manner.” Now that’s important if you pay attention to the quote.
Every other blockchain system is looking to replace the financial system. Ripple wants to make the existing system better and more efficient with the attributes of XRP as a bridge. Change is coming one way or the other. Either a big tech solution like Facebook Libra or something from other major players like Amazon or Google will be the future or they will use Ripple’s solution which keeps the current players in place but makes their service world class.
Continuing with the article ” I think there’s a huge opportunity. If you look at the ecosystem in the US, it has large domestic markets, VC funding and companies can experiment with the regulatory framework that exists today. The same opportunity exists in the Middle East.
It is the largest remittance market in the world” So one of the most accepting regions to this new technology is also the biggest. They need to make fast and cost-effective payments. Furthermore, they need a secure payment system that is free from political control. This should be a region where we see explosive growth over the next few years.
Now, a lot of times I make fun of some of the smaller ODL customers. That really showcased the real-world use case of XRP. I act like they are merely a stepping stone to the big leagues but that may not be the case.
Some of these entities will be able to compete and scale up due to being able to operate on a level playing field with everyone else. That’s kinda the point of the whole operation. And we see that happening with Bitso. I think I got that right its not the soup its Bitso. Now they have been able to acquire 750K customers in a very short time and now they have received funding from Coinbase and Ripple themselves.
They are looking to expand past Mexico and into surrounding areas of Latin America. Just like the Middle East, this is an area that has a lot of volume flowing in and out of the region. It can be an area where XRP can help firms like Bitso grow exponentially. This technology is going to improve existing businesses and create a new business that the old system could not service due to cost constraints. Bitso is the perfect warning to the established players in the financial market.
XRP is the future, you better get on board. Now I want to end with a little YouTube talk. I could jibber jabber all day about YouTube, but I try to keep the discussion on task about XRP. But Anytime I change something that has to do with making revenue off the channel I try to disclose that to you. We have built this Jungle Inc family together. It’s only right. Now you may not know but YouTube has a code of conduct.
And it essentially states that a YouTube should try to pelt each and every view with endless affiliate links. Further, a youtuber should pack a video with as many advertisements as possible to try to squeeze each and every bit of revenue from the viewer. Now myself, I have always felt that a single ad at the beginning of a video is sufficient. If you want to make more money just to get more views. No need to torture the viewer with endless adds.
First and formost I’m really a YouTube consumer more than anything. I understand how mid-video ads are really annoying. I have never used them in the past. Well, if you’ve noticed lately I have been including mid-video ads. And it’s not the few extra sheckles that YouTube pays me for this. As it turns out YouTube pushes your video out to way more people if you follow their code of misconduct and include an additional mid-video adds. So by including the mid-video add I am able to reach twice as many people. I appreciate you putting up with this annoyance it really helps the channel out. Hopefully, we can at least get some Rippel commercials playing or something.
As always please like please subscribe. The Revolution will be televised. Right here on Jungle Inc.
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