What’s up, guys? I hope you are all having
a fantastic day today. This week has been quite eventful, and we have seen massive
price action happen. We already know that XRP is about to hit five massive
figures, and that will be about it in today’s video. But before we get into
that, let’s roll that beautiful intro. As always, welcome back to Money Side- your
favorite crypto news channel. If you are new here, welcome to the XRP fam. Hit that ‘subscribe’
button and turn on your notifications so that you don’t miss out on our daily crypto news updates.
Now, back to today’s video, we are going to kick things off with this tweet here from
He tweeted saying, “$10,000 XRP… just saying!” Everything
is right there in front of our faces, but still, so many people don’t seem to believe
that XRP will one day reach these prices. However, the question shouldn’t be about if XRP will hit
$10,000 in the future, but when it will. What should be necessary is the time frame for exactly
when XRP could hit these price levels. Is it a month from now? Probably years? Or even decades?
Moving on from that, we have this tweet from @MathewLINY that says, “Congress is being made
aware of National security issues about SWIFT Payment Network. 1. Cost 2. Speed 3. Vulnerable
to Cyberattacks 4. Lack of interoperability with new systems. #Ripplenet names as an alternative
with a few others.” We talked more about this in yesterday’s video, so I won’t dwell much on
that, but this is quite fascinating to see. We have talked about people taking their funds
to cold storage, and now, things are escalating really fast.
In fact, people have started to
notice that something weird is cooking up with Binance. We have this tweet from @CrptoWhale that
says, “Binance is the last place I’d ever store my funds. They will likely exit scams or be shut down
in the near future. Don’t ignore the red flags: -Multiple CEO’s/executives resign
– Linked to Tether Fraud -Dozens of regulators issue warnings
– Investigated by DOJ, IRS, CFTC, etc.” And this guy right here knows what
he is talking about. Just yesterday, we got this tweet from @BrianBrooksUS that says,
“Greetings #crypto community. Letting you all know that I have resigned as CEO of @BinanceUS. Despite
the differences over strategic direction, I wish my former colleagues much success. Exciting new
things to come!” As we can see, yet another CEO has resigned from Binance. These are all the red
flags that Crypto Whale is warning us about. Guys, let’s get those cold storage wallets and secure
our investments. Better to be safe than sorry. Now, we have this tweet from @Ripple that says,
“Everyone, everywhere should be able to sell, buy, or transfer #NFTs on the #blockchain of
Learn how our new partnership with @mintable_app plans to leverage #XRPL to deliver a
seamless experience for NFTs” As we can see, they shared this link to an article they shared earlier
last month on their partnerships with Mintable. It says, today, we’re excited to announce our
investment in Mintable, an NFT marketplace that allows users to seamlessly create, buy, and
sell digital items using fiat or cryptocurrency. As tokenization launches into the mainstream, we
believe the ability to digitally sign an asset, sell it on a blockchain, and receive real income
from its subsequent sales will create the tipping point for widespread crypto adoption. In 2020
alone, consumers spent $54 billion on non-fungible tokens (NFTs)–and this is only the beginning. NFTs
have the long-term potential to accelerate the creator economy, inspire new business models and
open access to broader participation in the modern financial system. The growth and development of
NFTs will start with marketplaces building upon Layer-1 protocols to support these transactions
at scale, but high platform fees act as a barrier to further accessibility and monetization.
Everyone, everywhere should be able to mint, sell, buy, or transfer NFTs on the blockchain of
their choice—but making this a reality requires building a multi-chain future:
where each blockchain network is optimized for a specific use case to provide
developers with more flexibility.
This shift will inevitably inspire cross-chain interoperability
that allows the right chain to be used at the right time to create the best user experience.
That is why we are so excited about consumer marketplaces like Mintable, which today announced
$13 million in Series A funding to expand its platform support for more blockchains.
CEO and founder Zach Burks is on a mission to unlock mass consumer adoption of NFTs with
an intuitive NFT marketplace that abstracts the underlying complexity of blockchain and
minted 700,000 items in the past year. The XRP Ledger (XRPL)—with its innate performance
advantages and built-in decentralized exchange (DEX)—is ideally suited to deliver a seamless
experience for NFTs. In order to reach the next stage of growth, Mintable plans to integrate with
the XRPL so creators can securely, sustainably and efficiently sell their works. This is also true
for users who wish to purchase NFTs and resell them. The Federated Consensus algorithm – core to
the design of XRPL – ensures low-cost transactions and positive implications for sustainability.
By being able to cut transaction (“gas”) fees down to $0.0004 on XRPL, Mintable recognizes
the opportunity to offer a differentiated user experience that provides a competitive advantage
in comparison to other marketplaces.
In fact, the XRPL consumes only about 790,000 kWh per year
and is already carbon neutral, which is far more efficient than proof-of-work networks that consume
around 66 TWh of energy per year. In a nutshell, its environmentally friendly attributes will
allow billions of NFTs to be minted, bought and transferred on the XRPL in a sustainable way.
We couldn’t be more excited to work with our friends at Mintable to provide creators and
developers with a best-in-class experience and bring more participants into the blockchain
ecosystem with NFTs.
To learn more about Mintable, visit https://mintable.app/ or
follow on Twitter @mintable_app.” Further, we have this article from
cryptotellastory.com that says, “Ripple (XRP) to Soon See DeFi, Smart
Contracts, and Federated Sidechains.” Ripple confirms that federated sidechains are
coming. The implementation will vastly enhance the use circumstances of the XRP Ledger, together
with including DeFi, NFT, and sensible contract capabilities. “You requested, we listened. We’ve
launched Federated Sidechains to the #XRPLedger with the intention to benefit from the energy of
the #XRPL on a sidechain that acts as its personal #blockchain. Study new use circumstances like
native #DeFi capabilities and sensible contracts.” Whereas the corporate confirms cross-border
payments stay its “bread and butter,” federated sidechains will open up a world of prospects for
Ripple going into the longer term. What’s extra, hypothesis is mounting that Ripple has its eye
on an even bigger prize. Particularly utilizing sidechains to seize the central financial
institution digital foreign money (CBDC) market. Ripple CTO explains why sidechains are
In the latest interview with YouTube channel Pondering Crypto, Ripple CTO
David Schwartz defined federated sidechains as: “The overall thought is to reinforce the
utility of the XRP Ledger by primarily having extra ledgers that kind of, actually, sit to
the facet of it.” The consideration behind this idea is to separate performance over completely
different chains. That means the main chain, which is used for funds in Ripple’s case,
stays fast and low-cost to make use of. “For those who attempt to put all the things
on a single chain, what occurs is the chain will get gradual and it will get costly,
and it degrades the power of individuals to make use of it for easy funds.” Schwartz
mentioned they may have constructed sensible contracts and so forth., into the mainchain.
However, neither he nor the XRP group would have accepted that as a result of being “the
perfect digital asset for funds” actually issues. The central financial institution digital foreign
money play. Ripple introduced a pilot challenge for CBDCs in March of this yr. This
challenge relies on the XRP Ledger, which has over eight years of historical past as a
dependable, safe, and highly scalable cost system. Nevertheless, catering to central banks
provides transaction privateness and extra management than a typical public ledger.”
What’s extra fascinating is the interoperability facet of this challenge.
Ripple says these
non-public ledgers are capable of joining with current legacy infrastructure and one
another. This presents an intriguing prospect when enthusiastic about
cross-border settlements occurring on the identical community through sidechains.
“We’re additionally engaged on a recent strategy the place Central Banks will be capable of
being a part of a community of CBDC Ledgers that allows full settlement interoperability, whereas
permitting every member to retain their financial and technological independence.” Whereas right
now’s announcement didn’t point out CBDCs, it’s exhausting not to put two and two collectively.”
Guys, now let’s take a look at the charts! XRP worth $0.78 USD and this it's my
forecast how XRP will repeat these movement to way to $20 USD.
Don't missing this
cryptocurrency in your big radar in the next up. Big news are put XRP for the next big reset in
the Global Economic Forum to make XRP the adoption for the history of money and Global Financial
System. And also, Banks are ready to use XRP. And just 1% of the world population know it. Don’t
underestimate this guys! As always trade safely! Please keep in mind, We are not a licensed
financial advisor. All videos on this channel are intended for entertainment purposes only.
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