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Opportunity to do XXX. XRP, XLM, and XYO for Tesla spatial. Plus DOGE and USDC or RLUSD.
It’s an international bridge currency that allows cross border payments in a matter of seconds with very small fees. The system in place now has huge costs and requires banks to keep different currencies in stock for transfers. Once it is widely adopted by banks along with RLUSD stablecoins, it will revolutionize global payment systems. This has been in the works for the better part of a decade and many things are falling in to place finally. Don’t let the naysayers fool you saying this has no utility and is just your average shit coin meme. They just haven’t done their research.
tldr; Ripple’s XRP Ledger decentralized exchange (DEX) has processed over $1 billion in cryptocurrency swaps since its 2024 launch, with $400 million in January alone, averaging $17 million daily, according to Ripple CEO Brad Garlinghouse. He highlighted the platform’s growth as a key milestone for Ripple, alongside the RLUSD stablecoin and efforts to secure regulatory approval for XRP-based ETFs. The SEC has approved Bitcoin and Ether ETFs, but XRP ETF applications remain pending. Ripple focuses on enterprise blockchain applications, with the XRP Ledger supporting a decentralized exchange and automated market maker. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Exchanges should really get their asses in gear and use RLUSD. High conversion/transfer fees and extremely long wait times will be a thing of the past.
As far as I understand it, When it comes to transactions, the idea is banks can save a ton of money off heavy fees and a lot of time on slow transfers - small banks pay bigger banks a lot of money to do transfers, and the bigger banks have large amounts of foreign currencies so they can facilitate the exchanges… (sometimes transfers might require a chain of currencies etc.) but if banks can use XRP they can have XRP instead of many other currencies in reserve, so there is value in them holding it for liquidity - they will still charge fees and make money, but they can be more competitive with lower costs and faster transfers… (on demand liquidity) But XRP also has many other features, like tokenisation or the ability for organisations to build their stablecoin/token and move it via XRP… Remember dial-up internet? Slow, limited, expensive…. On the efficiency front, No mining is a big perk… I only realised recently that once all Bitcoin is mined, it will still require mining to move (mining is currently using close to the power the entirety of Argentina or Sweeden use) … once miners are not getting rewarded with new Bitcoin, fees might increase drastically to make it feasible Here is a list of perks : Speed & Efficiency - 3-5 second transactions Low Fees – Fractions of a cent per transaction Scalability – 1,500+ TPS, with potential for 65,000 TPS Energy Efficiency – No mining, 99% less energy use than BTC On-Demand Liquidity (ODL) – Instant cross-border payments Tokenisation – Supports real-world asset (RWA) tokenisation Decentralisation – Increasing validator diversity Regulatory Clarity – ruled not a security by a federal judge... They have a ton of financial licenses as well to partner and utilise with companies all over the world Adoption & Partnerships – Used by banks and institutions (financial rails rather than rivals) Instant Payments / Micropayments Stablecoin Issuance – XRPL supports native stablecoins Anti-Spam Mechanism – XRP fees prevent network spam Multi-Currency Support – XRPL’s built-in decentralised exchange (DEX) XRP is also deflationary, so more cannot be printed… (unlike ETH / SOL / USD) … when XRP is burnt in a transfer, it is lost - the fee doesn’t go to ripple. It is just burnt By getting in earlier, there is more potential for high-percentage growth…. Market cycles are still likely to affect prices/sentiment… but there is more volatility. Once something is a sure investment, its biggest potential can be lost… So why XRP? Ripple has been building connections and networks with companies/institutions for over a decade and is coordinating with many of the most prominent players out there - they are actively working with other crypto projects as well (like ONDO and HBAR) … I like the collaborative mentality - Ripples RLUSD is backed by more than 100%, and they share monthly audits. They have identified that to work with finance, they need to regulate to the highest level. Their vision is very big, and it will be interesting to see where the future takes this…
As far as I understand it, When it comes to transactions, the idea is banks can save a ton of money off heavy fees and a lot of time on slow transfers - small banks pay bigger banks a lot of money to do transfers, and the bigger banks have large amounts of foreign currencies so they can facilitate the exchanges… (sometimes transfers might require a chain of currencies etc.) but if banks can use XRP they can have XRP instead of many other currencies in reserve, so there is value in them holding it for liquidity - they will still charge fees and make money, but they can be more competitive with lower costs and faster transfers… (on demand liquidity) But XRP also has many other features, like tokenisation or the ability for organisations to build their stablecoin/token and move it via XRP… Remember dial-up internet? Slow, limited, expensive…. On the efficiency front, No mining is a big perk… I only realised recently that once all Bitcoin is mined, it will still require mining to move (mining is currently using close to the power the entirety of Argentina or Sweeden use) … once miners are not getting rewarded with new Bitcoin, fees might increase drastically to make it feasible Here is a list of perks : Speed & Efficiency - 3-5 second transactions Low Fees – Fractions of a cent per transaction Scalability – 1,500+ TPS, with potential for 65,000 TPS Energy Efficiency – No mining, 99% less energy use than BTC On-Demand Liquidity (ODL) – Instant cross-border payments Tokenisation – Supports real-world asset (RWA) tokenisation Decentralisation – Increasing validator diversity Regulatory Clarity – ruled not a security by a federal judge... They have a ton of financial licenses as well to partner and utilise with companies all over the world Adoption & Partnerships – Used by banks and institutions (financial rails rather than rivals) Instant Payments / Micropayments Stablecoin Issuance – XRPL supports native stablecoins Anti-Spam Mechanism – XRP fees prevent network spam Multi-Currency Support – XRPL’s built-in decentralised exchange (DEX) XRP is also deflationary, so more cannot be printed… (unlike ETH / SOL / USD) … when XRP is burnt in a transfer, it is lost - the fee doesn't go to ripple. It is just burnt By getting in earlier, there is more potential for high-percentage growth…. Market cycles are still likely to affect prices/sentiment… but there is more volatility. Once something is a sure investment, its biggest potential can be lost… So why XRP? Ripple has been building connections and networks with companies/institutions for over a decade and is coordinating with many of the most prominent players out there - they are actively working with other crypto projects as well (like ONDO and HBAR) … I like the collaborative mentality - Ripples RLUSD is backed by more than 100%, and they share monthly audits. They have identified that to work with finance, they need to regulate to the highest level. Their vision is very big, and it will be interesting to see where the future takes this…
And You dont just use RLUSD because?
Sure it is. USDC is already compliant, RLUSD isn't.
In this fórum you have a lot of xrp haters, so I don’t know if it’s the best subreddit to ask your questions about xrp. I think you will be beter asking chat Gpt or similar. But xrp is not the currency, it’s the system! For payments, the currency is RLUSD and xrp is for makung the transaction.
Centralised VC shit, RLUSD will be the way...
Tbh I would avoid USDT and potentially go with a different stable coin instead that meets the mica compliance like USDC or RLUSD… people are saying tether doesn’t have the reserves to back what they say they can and can’t pass an audit - could depeg - especially if it gets kicked out of the US
XRP was deemed not a security by a federal judge and the Howey test, lol, so you’re incorrect Nvidia stock shed 17% on Monday and erased $589 billion from its market cap, the worst single-day loss of market value ever Vast portions of the stock market are incredibly overvalued Why wasn't Tether brought down under Biden and the SEC? Tether has been kicked out of Europe, and many believe it doesn't have the funds backing what it says it does… a huge risk of debugging and crashing…, and whistleblowers have been talking about it for months/years… Meanwhile, Ripples RLUSD is more than 100% backed by USD and regulation compliant - with monthly audits, publicly available - Billionaires and lobbyists infect both sides (Otherwise, maybe you could have dealt with things like stricter gun control a little better) The US likes to see itself as the leader of the free world, but it is dismally behind on a lot of issues and is actively moving towards an authoritarian oligarchy - it seems like there are a lot of deep seeded issues to combat
Didn't see this, my bad. CBDC = Central Bank Digital Currency. This is a token that is programmed and managed by central banks. Programmable money. An inevitable reality, as much as some may dislike it. Not everyone has the ability to deal with the likes of crypto. RLUSD = Ripple Labs US Dollar. This is an L2 stablecoin primarily established on the XRPL and Ethereum networks. L2 just means that it does not exist on its own chain. It instead exists and operates on either the XRPL or Ethereum chains, using their respective native tokens (XRP and ETH) to fuel the transactions.
Have you not heard of RLUSD?
tldr; The XRP token experienced a 50% rally in January, outperforming Bitcoin and Ether. This surge is attributed to positive regulatory developments, including Ripple Labs receiving approval for its RLUSD stablecoin from the NYDFS and securing money transmitter licenses in Texas and New York. Technical patterns suggest a potential breakout above $4, with indicators like Bollinger Bands signaling an imminent move. However, traders should be cautious of a possible bull trap below $2.95, with $3 being a key support level. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; In Q4 2024, the XRP Ledger (XRPL) saw significant growth, with XRP's market cap increasing by 246% QoQ, surpassing BTC, ETH, and SOL. Ripple launched its USD-pegged stablecoin, RLUSD, and the XRPL Foundation was incorporated in France. The XRPL's native token, XRP, became the fourth largest crypto asset by market cap. The network's transaction fees are burned, adding deflationary pressure. The XRPL supports various assets and functionalities, including a DEX and AMM, but does not natively support smart contracts, though plans for their introduction were announced. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Yes, Tether is a scam. Backed by bitcoin, which is backed by Tether. The 2 trust worthy stablecoins are Circle’s USDC and Ripple’s RLUSD. Europe has figured out that if Tether ever gets audited to show their reserve assets it will show that it’s one big ponzi.
Another know it all 🤣 Think it's You who needs to do a whole Lot research on XRP XRP Ledge RLUSD and what's the other one? blanking out 👀🇺🇸🤣
The xrp that ripple holds DOES NOT give them any control over the protocol. RLUSD is being launched on ethereum. And cardano. Also, it uses “Buidl” as a liquidity pool Blackrock USD institutional digital liquidity. The power is not centralized with Ripple. The power is given to the liquidity providers. You can add whatever asset you want to a liquidity pool, or an automated market maker, and then YOU are a liquidity provider. Could you do that with the Fed? Tl:dr You don’t know what you’re talking about.
I'm totally fine with the XRPL integrating with CCIP if that means adoption of XRP, that would be an awesome outcome for me tbh. If Ripple and Chainlink can partner to bolster adoption of RLUSD, then XRP doesn't seem that farfetched.
RLUSD is barely relevant in the grand scheme of things, hell it's barely relevant even when focusing just on stablecoins. The total supply is only $70,000,000. Circle has literally minted that much just in the last 8 hours...
RLUSD is the way !
My buddy asked if he should buy some RLUSD. lol. At least he’s trying.
Saying ripple is xrp is like saying Microstratgey is Bitcoin - or the United States government is United States Dollars Clearly you have not done any research into why people hold USDT, USDC RLUSD or the other 150+ stable coins in the world. A CBDC Would be issued by the GOVERNMENT... So maybe you think you are actually living in Rippleland 😜 Xrp is not centralized - anyone who is telling you it is either is just making up whatever they want, not doing their research or straight up acting in bad faith
- stablecoins are not inherently CBDCS - Ripple is a fintech company - XRP is not Ripple: it is a decentralised, open-market cryptocurrency for liquidity and cross-border payments. - RLUSD: A stablecoin on the XRP Ledger, privately issued and backed by USD reserves, maintaining a 1:1 value with fiat USD. - CBDCS: Central Bank Digital Currencies issued by governments or central banks
It’s a very relevant comparison when it’s such a long time frame… (as some claim BTC is the only long-term investment possibility). If you want something more recent, if anyone bought in the last 2 years, they would also massively outperform… the previous 90 days. XRP is up 520 %, BTC is up 55% BTC falls short on a lot of its original goals and purposes - it’s slow and expensive to move but has found far greater value as a digital gold/store of value (ironically, other crypto projects add far greater value and utility to BTC - BTC can be sent over the XRPL exceptionally fast at a fraction of the cost And Ripple benefits from no CBDC - making their own RLUSD more attractive (Especially when something like a tether fails to meet the standards and can’t pass an audit, the tether gets kicked off European exchanges and is at risk of collapse.) which will hit the entire crypto market hard if it happens… I have BTC and other cryptos as well… I just don't put all my eggs in one basket and trash everything else
Yes. Ripple’s RLUSD and Circle’s USDC are more than enough to handle the global stable coin market.
XRP’s utility isn’t necessarily tied to buying and burning it but rather more of a gas and security backend for any transactions that happen on XRPL. For example, recently, Ripple Labs launched $RLUSD, their own stablecoin backed and pegged to $1. Any transaction with $RLUSD will take place on either ETH Mainnet or XRPL. If it’s taking place on XRPL, XRP is being burned on the backend while facilitating the transaction for a very minute fee.
transactions using RLUSD runn on XRP network thus have XRP network gas fees raising the volume and demand for XRP
Tether is the globally dominant stablecoin. EU regulations don't like that it isn't audited (or audited well, idk how to explain this much). RLUSD has the audits, transparency and backing that tether lacks. Circle back to Tether being the most used global stablecoin.. EU's market liquidity is at risk with these regulations, tether still doesn't have proper (required...) licensing to meet EU standard. They are deadlined for Dec 30th. A lot of exchanges still haven't responded to the deadline news and continue to support tether. While some exchanges have already delisted it for the EU. This whole process will pretty much bleed into the early months of 2025, but the timing also plays into RLUSDs favor. Someone correct me if I'm wrong on anything here, I'm new to keeping up with XRP myself.
RLUSD just dropped and USDT is getting shutdown in europe. hmmmmmmm
It missed the bull run because it was targeted and sued by the federal government and lost. Not only that but it was delisted from nearly all exchanges and still hit $1.96 and held top 10 market cap status. XRP is a rank. Now there are pending ETFs submitted, RLUSD is launched and the lawsuit, which has nothing to do on where or not it’s a security now, will be dropped.
With the Midnight privacy L2 layer and RLUSD stable coin coming next year, I'm hoarding more ADA: Can see £4 easily by mid 2025.
which stablecoin? could it be the newly minted, newly regulated RLUSD?
Wdym in the meantime? RLUSD is live.
I think RLUSD is pretty much primed to take its place
Dive into the financial frontier where the dance of numbers and charts tells a tale of two very different worlds: the traditional stock markets and the anarchic crypto markets. Both arenas employ the art of **technical analysis** to predict price movements, but the crypto landscape? It’s like riding a rollercoaster through the Wild West. With minimal regulation, the price swings in cryptocurrency markets are not just wild; they’re downright bucking bronco level, offering exhilarating highs and stomach-dropping lows. In this digital gold rush, where every trader is akin to a cowboy with their crypto lasso, the lack of regulatory oversight has kept the big institutional investors at bay. They’re cautious, waiting in the wings for the sheriff—regulation—to bring some order to this chaotic town. Just last week, we saw a significant milestone with RLUSD, the first stablecoin to earn regulatory approval, hinting at a potential shift towards a more civilized crypto market. Now, Bitcoin, the original digital outlaw, has long been the king of this wild terrain. But here’s the twist: despite its fame, Bitcoin’s utility is as limited as a one-horse town, and I reckon it’s set to see a decline as the big money, with its preference for stability and utility starts to enter the fray. My money’s on the up-and-comers like XRP, XLM, and ETH. These are the new sheriffs in town, with the potential to bring faster, more efficient transactions and broader utility, possibly taming the wild crypto west into something resembling the structured dance of traditional stock markets. But until then, buckle up; the ride in crypto land is as unpredictable as a saloon brawl on a Saturday night.
I see your point. My bad. I’m gambling on doge going up so I can break even On it and get out of memes for this cycle. I believe XRP has real potential giving ripples partnerships and relationships with institutions being built up over the years. Also now RLUSD has been released, which goes hand in hand with each other, will strengthen the network and use cases. Hedera, from what I’ve read is going to be used to tokenise real world assets and has gained attention from big institutions as well. Although not a prominently marketed. Happening under the radar so to speak. Ethereum, as I feel it’s a continually evolving asset which is being used worldwide and seems like a reasonable and stable choice. SUI, looks very promising as a future candidate with its console release, growing market and high adoption rate. Statistically is a very strong contender to Solana. Chainlink, I believe is a safe investment choice due to its proper use cases and I believe it has a good future ahead. Does that answer the question? I understand crypto is a gamble and I’m prepared for the risks it involves. But I know there are some very intelligent people who know a lot more than I do. Advice and opinions are good to hear. More scope and guidance are necessary for growth.
[Look at this genius trying to explain why holding RLUSD on a CEX is the prudent way to "invest"](https://np.reddit.com/r/XRP/s/zpb7fhuyAn)
Go to my original post and you'll find someone literally asking "why not" but RLUSD.
Lol, what are you flaming me for? The SEC tried to argue that stablecoins are securities and the reason why I posted was because of the numerous posts and comments on the XRP subreddit that asked where they could buy XRP. There was a post, now deleted, of someone asking if it was smart for them to have traded a few hundred XRP for a few hundred RLUSD. If I can help to frustrate even one fraudster, I'm happy to be Captain "Obvious".
if you go to the XRP sub you will find idiots aping into RLUSD
No regulations WILL happen not if, and once they do XRP will be positioned as the settlement token of choice, not only due to speed and efficiency, but also the regulatory wins like the Ripple decision and NYDFS approval of RLUSD.
Right and I responded with something that had nothing to do with RLUSD, and then you refused to engage any further. It just sounds like you're arguing in bad faith.
Whatever it is, you can also use ChatGPT to supplement your learning especially for things you don’t understand. For example, “What is the difference between RLUSD and XRP? How exactly is Ethereum meant to be adopted”