Latest / The Paul Barron Crypto Show / BRICS Unit Token Reveal Today?️‍🔥 XRP Incoming?🚀

Transcript

BRICS Unit Token Reveal Today?️‍🔥 XRP Incoming?🚀 · The Paul Barron Crypto Show

• 0:05
  Speaker 1: We're going to dive into what's happening within the bricks
• 0:08
  Speaker 1: nations and of course what could happen possibly in the
• 0:11
  Speaker 1: blockchain community as well. It's gonna be a good one.
• 0:14
  Speaker 1: You don't want to miss this one at all. My
• 0:16
  Speaker 1: name is Paul Bahre. Welcome back in the tech path.
• 0:18
  Speaker 1: I do want to thank our sponsor today and that
• 0:20
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• 0:22
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• 0:25
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• 0:42
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• 0:44
  Speaker 1: Trust Capital for your CRYPTOIRA. All right, So I want
• 0:47
  Speaker 1: to get into a few points here and I want
• 0:49
  Speaker 1: to just show something to you guys quickly. This is
• 0:52
  Speaker 1: the current chart of gold and this will show a
• 0:56
  Speaker 1: little bit of importance here. But I'm going to go
• 0:58
  Speaker 1: back here. We're on the daily Let's go back here
• 1:00
  Speaker 1: to June of this year, where gold was pretty much
• 1:03
  Speaker 1: at the standstill up almost twenty percent. Now that's a
• 1:06
  Speaker 1: pretty unusual rise in an asset like gold that has
• 1:10
  Speaker 1: been very stagnant over the years, but of course this
• 1:13
  Speaker 1: year twenty twenty four definitely has started to move. And
• 1:16
  Speaker 1: when you look at gold in general and you kind
• 1:19
  Speaker 1: of consider world currencies, world currencies have been lasting for
• 1:22
  Speaker 1: about one hundred years each, so world reserve currency since
• 1:25
  Speaker 1: fourteen fifty. France held it from seventeen twenty to eighteen fifteen,
• 1:29
  Speaker 1: Great Britain came in from eighteen fifteen to nineteen twenty,
• 1:32
  Speaker 1: and then of course the US came in in nineteen
• 1:34
  Speaker 1: twenty one. But of course in nineteen seventy one that was,
• 1:38
  Speaker 1: of course when Brenton Woods happened and we flipped over
• 1:41
  Speaker 1: to the US dollar standards opposed to the gold stand Now,
• 1:44
  Speaker 1: why does all that matter. There's a lot happening right
• 1:47
  Speaker 1: now within the Bricks nations and what could be starting
• 1:51
  Speaker 1: to implicate a handful of chains tokens that could be
• 1:55
  Speaker 1: revealed today literally as we're recording this. So a lot
• 1:58
  Speaker 1: starting to move, for sure. This is what's going on
• 2:01
  Speaker 1: right now Bricks. This is the sixteenth Bricks Summit happening
• 2:04
  Speaker 1: right now today, second through the twenty fourth right over
• 2:08
  Speaker 1: there in Kazan, and within that you look at a
• 2:10
  Speaker 1: couple of the things that they have announced. One of
• 2:13
  Speaker 1: the things that they announced was this right here, and
• 2:15
  Speaker 1: that was bricks pay has been tested. This was of
• 2:19
  Speaker 1: course tested within the event itself. Mainly it's like a
• 2:22
  Speaker 1: debit card in essence, or maybe even a gift card
• 2:24
  Speaker 1: where you load it up, but you can be able
• 2:26
  Speaker 1: to use this further into what they're doing, and they
• 2:30
  Speaker 1: set up some spots where you can actually go in
• 2:32
  Speaker 1: and purchase things. So this is again getting back to
• 2:34
  Speaker 1: that would maybe compare this similar to PayPal okay, where
• 2:38
  Speaker 1: you use a credit card of a regular debit card
• 2:41
  Speaker 1: to load up a PayPal account and then you can
• 2:43
  Speaker 1: start transacting on it, use it for even crypto or PYUSD.
• 2:48
  Speaker 1: Very similar function with what bricks is trying to do.
• 2:52
  Speaker 1: The difference is bricks is doing this outside of the dollar,
• 2:57
  Speaker 1: so outside of the US dollar system, and there's reason
• 3:00
  Speaker 1: for that. Of course, we've seen the sanctions against Russia,
• 3:03
  Speaker 1: and of course those sanctions have been enacted over the
• 3:05
  Speaker 1: last several years, and of course the US taking action
• 3:09
  Speaker 1: on seizing those assets, which I think continues to push
• 3:11
  Speaker 1: these guys into a very interesting spot. So it's fairly easy.
• 3:15
  Speaker 1: You get into your phone number, Verify, you get some
• 3:18
  Speaker 1: face ID, the account is set up. You're using a
• 3:21
  Speaker 1: credit card right there or a debit card to set
• 3:23
  Speaker 1: it up pretty well and easy. Linking a card drop
• 3:27
  Speaker 1: it in kind of reminds you of stuff that you
• 3:30
  Speaker 1: already do out there today, right Venmo. You know, of
• 3:33
  Speaker 1: course what we're seeing with PayPal, etc. Not that this
• 3:36
  Speaker 1: is necessarily mind boggling, it's not at all. What I
• 3:39
  Speaker 1: think is interesting is where Bricks starts layering in their
• 3:43
  Speaker 1: monetary system. So one of the things I want to
• 3:46
  Speaker 1: focus on here is their pay consortiums area of focus.
• 3:49
  Speaker 1: This is what they're meeting about today. So you've got
• 3:52
  Speaker 1: bricks pay there, pay B to B and then this
• 3:55
  Speaker 1: one right here says issue under discussion. I don't know
• 3:58
  Speaker 1: if you guys can see that. I'll zoom in on
• 4:00
  Speaker 1: it right there. It's called bricks Unit. That's the one
• 4:02
  Speaker 1: that is essentially under discussion right now. So the Unit
• 4:06
  Speaker 1: token and the Unit foundation. This essentially is the ecosystem,
• 4:09
  Speaker 1: and this is going to essentially be seeded with one
• 4:13
  Speaker 1: thousand bitcoin to start and there it is we raise
• 4:16
  Speaker 1: one thousand bitcoin to roll out of the MVP. One
• 4:18
  Speaker 1: other note is that this is going to be backed
• 4:21
  Speaker 1: also by forty percent gold and local currency, So think
• 4:24
  Speaker 1: of that as a CBDC for whatever one of those
• 4:26
  Speaker 1: countries or thirty countries. And the idea is that you
• 4:30
  Speaker 1: have to hold the gold physically within the country to
• 4:33
  Speaker 1: be able to participate in this unit. So that is
• 4:36
  Speaker 1: essentially the valuation underneath the unit token. We'll find out
• 4:40
  Speaker 1: most likely from the findings from the bricks meetings today.
• 4:44
  Speaker 1: All right, so on this tweet it says future looks
• 4:46
  Speaker 1: bright for gold. Gold of course would be what is
• 4:49
  Speaker 1: backing the unit token and then the existing currency of
• 4:54
  Speaker 1: that particular country. So you can kind of see some
• 4:56
  Speaker 1: of the ones listed here and including gold right there
• 4:59
  Speaker 1: at the b So where this is all writing is
• 5:02
  Speaker 1: within a private blockchain, and the idea is behind and
• 5:06
  Speaker 1: it's called in Bridge, and the idea was this is
• 5:08
  Speaker 1: all developed by the Bank for International Sediments BIS. So
• 5:11
  Speaker 1: this is a good example of where this is going
• 5:13
  Speaker 1: to live. Now I want to go over to a
• 5:15
  Speaker 1: clip real quick that we'll give you guys some insights
• 5:18
  Speaker 1: on this. This will get into a little bit around
• 5:20
  Speaker 1: how bricks and how it's really going to work with
• 5:24
  Speaker 1: this new unit of measure. Take a look.
• 5:26
  Speaker 2: We've agreed in principle to a new system called the
• 5:29
  Speaker 2: Unit that will be traded over Project Mbridge. Now the
• 5:33
  Speaker 2: unit will be forty percent gold and sixty percent bricks
• 5:36
  Speaker 2: plus local currencies. The gold that will be used to
• 5:40
  Speaker 2: make the unit token and the sixty percent basket of
• 5:44
  Speaker 2: local bricks currencies will all be put into ESCRO accounts
• 5:48
  Speaker 2: to create the unit token within the borders of the
• 5:53
  Speaker 2: countries that possess it. So all of these countries will
• 5:57
  Speaker 2: have their own monetary autonomy, their own central bank digital
• 6:00
  Speaker 2: currencies like the digital you want, the digital ruble, the
• 6:03
  Speaker 2: digital real. There won't be a central common bricks currency,
• 6:07
  Speaker 2: but a central settlement currency free from the Western or
• 6:11
  Speaker 2: the Swift intervention. And if indeed it comes to settling
• 6:17
  Speaker 2: for things like energy, they will use the new token
• 6:21
  Speaker 2: called the unit. This is why the central banks are
• 6:24
  Speaker 2: buying the hell out of gold, using the suppression of
• 6:27
  Speaker 2: the Western market to run cover for it. And more importantly,
• 6:31
  Speaker 2: this is why just in the simple Google search, thirty
• 6:34
  Speaker 2: central banks have repatriated their gold within the last two years,
• 6:37
  Speaker 2: and there's a lot more, but there's no other reason
• 6:39
  Speaker 2: for the BIS to reclassify gold Tier one and to
• 6:42
  Speaker 2: tell all of these central banks quietly buy it and
• 6:46
  Speaker 2: bring it home. Where there's smoke, there's fire. The need
• 6:49
  Speaker 2: for these countries to continue to hold dollars and or
• 6:52
  Speaker 2: treasuries dies that day, and that becomes the moment where
• 6:56
  Speaker 2: things start to rapidly accelerate. So it's as big of
• 7:00
  Speaker 2: a deal is anything I've ever seen, and the lack
• 7:02
  Speaker 2: of talking about it, the lack of any Western media
• 7:06
  Speaker 2: discussion of it, is criminal in my opinion. Now, granted
• 7:09
  Speaker 2: nothing has been decided.
• 7:11
  Speaker 1: Now there could be a scenario where what Checkner is
• 7:14
  Speaker 1: talking about there is kind of almost a doomsday event
• 7:17
  Speaker 1: that could be happening for both the Western world and
• 7:20
  Speaker 1: what could be rising out of bricks doesn't mean that
• 7:22
  Speaker 1: this is going to replace the dollar, but it could
• 7:24
  Speaker 1: push the US in a lot of the Western countries
• 7:27
  Speaker 1: into moving to an alternative ecosystem outside of the US
• 7:31
  Speaker 1: dollar as we see gold starting to rise as a standard.
• 7:34
  Speaker 1: So with all of that being said, you have to
• 7:36
  Speaker 1: kind of look at what they've got on their agenda,
• 7:38
  Speaker 1: which is bricks. Clear as this next one says possibly soon.
• 7:41
  Speaker 1: So this could happen today. It may not, but this
• 7:43
  Speaker 1: would be an interstate digital settlement across a border security stone.
• 7:47
  Speaker 1: Now this could be someone like a chain Link, could
• 7:49
  Speaker 1: be Ripple. Likelihood, I'm thinking more likely it could be Ripple.
• 7:54
  Speaker 1: You look at what Ripple is doing. They're joining the
• 7:56
  Speaker 1: BIS task fork. Remember we just talked about the bi's
• 7:58
  Speaker 1: task Force for cross payments and this was a task
• 8:01
  Speaker 1: force that was issued. Let me kind of zoom in
• 8:04
  Speaker 1: on that. There is Ripple right there. Now, Swift is
• 8:08
  Speaker 1: in there, you know, TCCH is in there. There's a lot.
• 8:11
  Speaker 1: But the question will be is how does bricks start
• 8:15
  Speaker 1: to move into this. Now, remember there are thirty countries
• 8:17
  Speaker 1: right now. This could accelerate into forty fifty sixty. And
• 8:20
  Speaker 1: one of the reasons again goes back into what Scheckner said,
• 8:23
  Speaker 1: and that is that these countries become their own central bank,
• 8:26
  Speaker 1: their own unit of measures. That is a big deal
• 8:29
  Speaker 1: going into the investment markets. Ripple also has a ridiculous
• 8:32
  Speaker 1: amount of bank partners across the globe, could make this
• 8:35
  Speaker 1: a lot easier for many many countries to get involved
• 8:38
  Speaker 1: as well. I'm going to go to another tweet right here,
• 8:40
  Speaker 1: this is chain Links, and well, hey, we're excited to
• 8:42
  Speaker 1: announce the industry wide corporate and Actions initiative, and they're
• 8:46
  Speaker 1: talking about Euroclear, Swift and all of these institutions. Chain
• 8:49
  Speaker 1: Link could be trying to position and parlay into this,
• 8:53
  Speaker 1: but I think that maybe this goes more toward the
• 8:56
  Speaker 1: line of Ripple. All right, so that gives you a
• 8:58
  Speaker 1: little bit of a summary there on what's happened on bricks.
• 9:00
  Speaker 1: We still don't know necessarily how this is going to
• 9:02
  Speaker 1: play out. However, we're going to try to get Scheckner on.
• 9:04
  Speaker 2: To talk about this.
• 9:06
  Speaker 1: He seems to be one of the experts on how
• 9:08
  Speaker 1: this is going to utilize across the bricks nations, what
• 9:11
  Speaker 1: they're going to use it as a monetary system. So
• 9:13
  Speaker 1: stay tuned for that. Make sure and subscribe to the show.
• 9:15
  Speaker 1: If you're not that way, you'll least you guys will
• 9:17
  Speaker 1: get some notifications. Let's chimp over to XRP. Now XRP.
• 9:21
  Speaker 1: Remember this was a big announcement for Snap for meta
• 9:25
  Speaker 1: mask and this of course opened up thirty million active
• 9:27
  Speaker 1: users on meto mask. Now of course a click away
• 9:30
  Speaker 1: from using XRPL. This is another big advantage. You take
• 9:33
  Speaker 1: a look at that and also the wallet growth. Let
• 9:35
  Speaker 1: me go over here to the santiment data and you'll
• 9:37
  Speaker 1: notice thirty seven almost thirty six thousand unique XRP wallets active,
• 9:41
  Speaker 1: highest day since July sixteenth. Almost four thousand new xorp
• 9:45
  Speaker 1: wallets created in a single day, so that was a
• 9:48
  Speaker 1: big jump up. You can kind of see just the
• 9:50
  Speaker 1: growth there. The cause of that, of course means that
• 9:53
  Speaker 1: we're seeing a lot of meme cooin activity. This again
• 9:55
  Speaker 1: is first Ledger, so you can go in and check
• 9:58
  Speaker 1: a little bit more about the coins over on XRP.
• 10:01
  Speaker 1: These are the ones. This is just a sort by
• 10:03
  Speaker 1: market cap real quick, just so you guys can get
• 10:05
  Speaker 1: a screenshot of some of the ones that are out
• 10:07
  Speaker 1: there within the ecosystem. But when you look at the
• 10:09
  Speaker 1: blockchain today, meme coins of course are on the front
• 10:13
  Speaker 1: end of it in terms of growth, earnings, rewards, all
• 10:16
  Speaker 1: that is happening. Whoever controls the mean cooin ecosystem is
• 10:20
  Speaker 1: what controls the narrative at that particular time. When you
• 10:23
  Speaker 1: take a look at what's happening on First Ledger, you
• 10:25
  Speaker 1: can kind of see a little bit here of one
• 10:27
  Speaker 1: that we think might end up exploding again just tied
• 10:30
  Speaker 1: into Swift. This is not Swift the international exchange system.
• 10:36
  Speaker 1: This is Swift, the meme coin. So everybody's perfectly clear.
• 10:40
  Speaker 1: So that could be one that's jumping as well. There's
• 10:42
  Speaker 1: just a lot that could start to really move here.
• 10:45
  Speaker 1: All right, So I want to go into the gaming
• 10:47
  Speaker 1: narrative of this and this, and I know you guys
• 10:49
  Speaker 1: are seeing this, well that's XRP, or excuse me, that's Avalanche.
• 10:52
  Speaker 1: But this could roll into XRP as well. Here's an
• 10:55
  Speaker 1: example of off the grade. This is by guns and
• 10:58
  Speaker 1: the number of transactions just a very short period of
• 11:00
  Speaker 1: time twenty four hours, four point five million. This thing
• 11:03
  Speaker 1: is almost flipping base. We've never seen a game go
• 11:07
  Speaker 1: at this speed. This is seven days October seventh through
• 11:09
  Speaker 1: the fifteenth. So massive opportunity here of seeing the impact
• 11:14
  Speaker 1: on many of these ecosystems. So how does that play
• 11:17
  Speaker 1: into XRP. Remember this is a battle Royale, Okay, going
• 11:20
  Speaker 1: back to gaming. Lastly, here, of course is a men.
• 11:23
  Speaker 1: This is CEO of Avalanche talking about how they just
• 11:26
  Speaker 1: onboard as many actual users that there are sole holding address.
• 11:30
  Speaker 1: So in a very short period of time, those transactions
• 11:33
  Speaker 1: have flipped Solana, which again, more kudos to Avalanche everything.
• 11:38
  Speaker 1: They're doing a lot of activity and this is just
• 11:40
  Speaker 1: one project one game out there doing this. Now, granted
• 11:44
  Speaker 1: it's probably one of the best ones out there. It's
• 11:46
  Speaker 1: you know, leading the charts in terms of gaming in general,
• 11:48
  Speaker 1: especially from a web three game. So again, how does
• 11:51
  Speaker 1: this play into XRP. This is a battle royale game,
• 11:54
  Speaker 1: meaning off the grid. Well, we've had a little bit
• 11:58
  Speaker 1: of the insight on this before. Don't forget that Future
• 12:02
  Speaker 1: Verse who's been on our show this of course is
• 12:04
  Speaker 1: Monica Long, who is now on the Future Verse board
• 12:08
  Speaker 1: and this is the current president of Ripple. One thing
• 12:11
  Speaker 1: to remember with Future Verse is this is one that
• 12:14
  Speaker 1: has a lot more brand eyep. So there is a
• 12:17
  Speaker 1: ton of opportunity here from a battle Royale but also
• 12:20
  Speaker 1: to be able to expand on the gaming side of this.
• 12:22
  Speaker 1: So again, big opportunity here for XRP to kind of
• 12:25
  Speaker 1: leverage in. Now. I know this is kind of a
• 12:28
  Speaker 1: detachment away from where we started on bricks, but I
• 12:30
  Speaker 1: want to show you the connection into culture, into global
• 12:33
  Speaker 1: currency and who could be the winners out there. XARP
• 12:36
  Speaker 1: continues to be another winner. I want to go to
• 12:39
  Speaker 1: a quick this is a quick clip that kind of
• 12:42
  Speaker 1: shows a little bit more about Ready Verse. Take a
• 12:44
  Speaker 1: look Off the Grid is happening here now.
• 12:47
  Speaker 2: I don't see anything in the Future Verse ecosystem that
• 12:50
  Speaker 2: even comes close in competition. So what do you say
• 12:53
  Speaker 2: to that?
• 12:54
  Speaker 3: First of all, awesome that Off the Grid is done
• 12:57
  Speaker 3: as well as they have. We're doing something different. Future Versus,
• 13:01
  Speaker 3: an eighteen month old company, built all of the underlying
• 13:05
  Speaker 3: infrastructure and systems to bring the vision of open gaming
• 13:08
  Speaker 3: to life in a way that no one else has.
• 13:12
  Speaker 3: And so you might think we're further behind, but we're
• 13:15
  Speaker 3: way further ahead because the hard work is all of
• 13:18
  Speaker 3: that underlying stuff building the game on top of that
• 13:21
  Speaker 3: that's been done a million times before. And I think
• 13:23
  Speaker 3: Open's got every chance of being at least as successful
• 13:29
  Speaker 3: as Off the Grid has been, and some chants have
• 13:33
  Speaker 3: been extremely successful. As a mainstream game ip that people
• 13:38
  Speaker 3: already know in love, we don't have to teach people
• 13:40
  Speaker 3: about Ready Player one, and it's going to showcase new
• 13:45
  Speaker 3: flavor of Battle Royale along with this open technology, and
• 13:48
  Speaker 3: so we're very hopeful that, you know, come next year,
• 13:52
  Speaker 3: people will get to see this. This isn't ten years away,
• 13:55
  Speaker 3: you know, we're starting to get out there. We showcase
• 13:57
  Speaker 3: prompt Opier Permissionless in the in the wild with real
• 14:01
  Speaker 3: people playing it. People had fun, but we are doing
• 14:05
  Speaker 3: something quite different. Yeah, and eighteen months is not a
• 14:08
  Speaker 3: long time matter.
• 14:09
  Speaker 2: Yeah, good, all right.
• 14:12
  Speaker 1: So that was of course Aaron McDonald of Future Verse,
• 14:14
  Speaker 1: and like I said, we've had him on the show before.
• 14:16
  Speaker 1: We've dove into future Verse very extensive. I think it's
• 14:19
  Speaker 1: probably many many months ago, so I think a lot
• 14:21
  Speaker 1: of people are already aware of this, but definitely on
• 14:24
  Speaker 1: the fast track right now in terms of opportunity here
• 14:27
  Speaker 1: for an XRP gaming ecosystem to come out. Now, we
• 14:31
  Speaker 1: are going to dive in a lot deeper on this
• 14:33
  Speaker 1: bricks topic because I think this is one that's a
• 14:35
  Speaker 1: bigger event that could affect things like Bitcoin ethereum, a
• 14:39
  Speaker 1: lot of these public blockchains and how that plays out.
• 14:42
  Speaker 1: But we will be getting more into that as things
• 14:45
  Speaker 1: start to come out, So make sure and stay tuned
• 14:46
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• 14:48
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• 14:50
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• 14:52
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• 14:53
  Speaker 3: It's very easy.
• 14:54
  Speaker 1: Join me on Twitter. Out there at Paul Baron, We'll
• 14:57
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