The logo for XRP is a mirrored image of a boomerang. Images speak volumes, if you are listening to what they have to say.
Are you planning to attend the big victory party that Ripple is hosting tomorrow? What do you think the big announcement is going to be?
Ripple is planning a grand celebration on September 29 in New York City, following its legal victory against the U.S. Securities and Exchange Commission (SEC).
The SEC's action against Ripple began in December 2020, when the SEC filed its initial complaint against Ripple, alleging that Ripple and two of its executives, Bradley Garlinghouse and Christian Larsen, engaged in the unlawful offer and sale of securities in violations of Sections 5(a) and 5(c) of the Securities Act.
First and foremost, why is this topic at all relevant to the here and now? This depends on perspective. Some economic “experts” believe that the US economy and/or the US dollar are about to collapse.
BRICS Countries Dump $123 Billion in U.S. Treasuries in 2023 (9/25/23)
In short, the US dollar appears to be on a rapid decline, almost as if it is being phased out. If this were indeed true, a new world reserve currency would have to be emerging at the same time the US dollar is submerging into the depths of the sea. One could understand why Brad Garlinghouse would not be “invited in” to the SEC offices while visiting DC.
When the US SEC recently ruled that XRP is NOT a security, it moved XRP a significant step closer to becoming the world’s exchange bridge currency.
And why exactly is XRP rising to the top of the list of digital currencies as the lead candidate in the race for “new” world reserve digital currency? Here is one reason - it is fast.
What exactly is the XRP Ledger (XRPL) and how does it work? (9/6/23)
The XRP Ledger (XRPL) is a decentralized public Blockchain that allows for the fast, low-cost, real-time transfer of XRP, fiat currencies, and other digital assets. It is also open source, meaning anyone can participate in its development.
More facetiously, XRP was predicted to rise in prominence by the Simpsons. For some, this foreshadowing by the Simpsons is more interesting than the lightning speed of the XRP ledger.
Well, this Simpson projection from September 2022 did not really come true, did it? Hard to say really as that depends on what 589 or s589+ means on Bart Simpson’s chalkboard. XRP is currently priced around $0.50 and the SEC continues to wage war against it, despite the SEC removing XRP from its “securities” list.
So our team decided to ask the simple question “What else has happened in the last 30 days?” Is XRP still gathering momentum globally as our team highlighted in August? Is a light “ripple” on the water’s surface turning into a tsunami?
Check out this flurry of activity - one story after another, listed in date order.
Ripple forms trillion-dollar partnership connecting XRP to SWIFT (8/23/23)
Coinbase recently linked XRP to USD. One can transfer US dollars from most US bank accounts and IMMEDIATELY receive the equivalent XRP.
Western Union explores Ripple’s blockchain and XRP to revolutionize money transfers (8/25/23)
Leading Hong-Kong-based trading protocol lists XRP (8/30/23)
Ripple Joins Hands With Elon Musk’s SpaceX Partner In XRP Project (9/7/23)
Japan’s SBI adds cryptocurrency lending service to XRP (9/16/23)
Ripple partner UnionBank first Philippine Bank to receive full VASP license (9/22/23)
So what do you think? Is XRP, the digital asset closely associated with Ripple, designed with the intention of settling Central Bank Digital Currencies (CBDCs) via XRPL?
It is hard to fathom what this all means.
The speculations surrounding XRP are jaw-dropping.
10,000 for XRP expected as XRP vital role in CBDC settlements (9/5/23)
If XRP were to become the de facto bridge currency for CBDCs, it could potentially lead to a significant revaluation of the asset. Its scarcity could drive up demand, propelling its price to unprecedented levels.
Google Bard and Bing Confirm Forbes Published Article Projecting XRP Rally to $59,472 (9/23/23)
It would certainly appear to our team of amateur citizen journalists that XRP is not developing into something that might happen. As Coach Prime would say, “we here.”
Ripple has 90% of the global foreign exchange market.
Want to suddenly learn more about XRP? These two links are excellent places to start learning about the intriguing patents owned by Ripple and where Ripple XRP is licensed throughout the US.
Ripple Markets DE LLC (NMLS ID: 2314015) is licensed in the following U.S. jurisdictions
U.S. patent number 10,902,416 [Application Number 16/797,442] was granted by the patent office on 2021-01-26 for network computing system implementing on-demand liquidity for cross-medium transaction services. This patent grant is currently assigned to Ripple Labs Inc..
Ask yourself a simple question - why would the US dollar need to be “downsized?” Which organizations are funded solely or heavily by the US dollar?
Want to learn more about Ripple XRP, BRICS, or the waning US Dollar?