@conversationswithevan: Replying to @buttman how settlements work and why no serious member of the financial system will choose to use anything other than dollars/dollar equivalents (for now) to settle payments and remittances. XRP is too volatile to be a bridge currency, and the network is effectively owned by Ripple—so that won’t fly. Will they use Open USD? Tether? RLUSD? Or something else? — #learn #crypto #stablecoin #xrp #money

user83920482680 :

The escrow ripple has is the reason why XRP is great. It will help them control the price. When it’s high enough to be utilized they can sell or hold to keep the price stable. Currently they control it but only until the clarity act passes. Then they have to give most of it up. Where do you think it’s going to go 🤔. Hint: 🇺🇸

Frank :

It’s amazing this needs to be explained

Seanlastof8boyz :

who is paying for you to provide all this opposition to XRP???

Miles2Milestones :

Real question- although minute, different stablecoins do have a slight difference in valuation. Does settling directly through stablecoins take more time than settling with xrp?

Jman :

XRP is neutral. got it backwards.

BenSlavin :

So you do know there are other currencies other than dollar?

Alantris :

An interesting perspective, XRP is not meant to become stablecoin, it's meant to actually carry all value. There are 100Trillion money in circulation today, of that is translated to xrp, it will be 1000 per XRP and 10 drop of xrp is 1 cent. Meaning XRP is the global currency, stablecoin is the local denominator, every transaction in xrpl is 10 drop = 1 cent, and soon, instead of thinking USD value to XRP is volatility, XRP itself becomes the fix value, and trad money everywhere will be valued against xrp.

user3991312358171 :

The price volatility of xrp over 3 seconds is probably less that the value changes of the dollar on stablecoins over a day or two!

mmarple7 :

Evan is smashing it again! 🥰🥰🥰

buttman :

Yesterday, yes, but AUS dollar is more than a peso in Mexico. So your argument, thank you. I does not hold any water. They will still need to use a bridge currency to exchange their value. The US dollar is not going to hold a negative balance because of the Iraqi Duran. They need to have the bridge currency, and that's XRP.

pensuad :

which crypto do you hold?

Trj8573 :

all companies evolve over time. you always speak like companies have never had to change and or adapt to markets and technologies or what there clients require.

TheUpheaval :

You should check out xrpvaluation.info on this. Specifically DvP on non dollar cross currency cross bloc atomic settlement. And there aren’t enough stablecoins in the world to handle even three weeks of global payment volume. Check out BIS latest report on stablecoins. They have showed they won’t scale

Byrd Smith :

Martin :

Wrong

jrock140 :

You have so much information on the subject matter👍. I still struggle on what to invest in and how that will make money for me and my family

user3991312358171 :

What about bridging between stablecoins and shares/stocks, what about bridging derivatives with stablecoins, what about bridging pounds for dollars etc, what about bridging property assets for stablecoins. You have missed out a huge section of blockchain networks bridging requirements?

buttman :

JPMorgan will not want to hold stablecoins from Mexico. They will not want to hold stablecoins from every country that they trade with So that's why xrp is so important. It can move money within seconds without the country. Having to hold the currency, they're trading with

infinitecrypto :

so wrong

TeMpTek :

💯 Perfectly explained as usual .... Good stuff

BDAWG1AOA :

BS

user34308349875 :

Ich bezahle 💕💰

Hubi :

Xls66?

Neal :

UST has entered the chat 🥲