Latest / The Paul Barron Crypto Show / Stablecoin Bill Passing!✅XRP MASSIVE WIN!🔥

Transcript

Stablecoin Bill Passing!✅XRP MASSIVE WIN!🔥 · The Paul Barron Crypto Show

• 0:05
  Speaker 1: The stable cooin bill has passed at least through the
• 0:08
  Speaker 1: initial phase. Today, we'll break it down for you. A
• 0:10
  Speaker 1: lot is happening right now. You want to stay tuned.
• 0:13
  Speaker 1: My name is Paul Barren. Welcome back in the tech path.
• 0:15
  Speaker 1: Let's get going here. I do want to thank our
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• 0:49
  Speaker 1: get started now. You guys, remember we did this video
• 0:52
  Speaker 1: last week and it was the stable cooin bill failing
• 0:56
  Speaker 1: failing to make it through, and of course the big
• 0:58
  Speaker 1: news was as you can.
• 0:59
  Speaker 2: See, let's just say right there, you know who that is.
• 1:03
  Speaker 1: That is none other than Senator Warren herself, and that
• 1:07
  Speaker 1: is all about stopping crypto. Well, another thing happened, and
• 1:11
  Speaker 1: that is right here the instant replay of just what
• 1:13
  Speaker 1: happened on the anti crypto crowd. Of course, we saw
• 1:16
  Speaker 1: the Genius Act go through and now a little bit
• 1:18
  Speaker 1: of fun here coming in from X. Let me go
• 1:21
  Speaker 1: to my clip because this will get into a little
• 1:23
  Speaker 1: bit of detail, because remember all of this has been
• 1:26
  Speaker 1: brewing up to getting a new vote on this.
• 1:30
  Speaker 3: Take a look, the use of cryptocurrency has exploded from
• 1:33
  Speaker 3: the margins to the mainstream. They offer the speed and
• 1:36
  Speaker 3: security of the blockchain. The bill will also create demand
• 1:39
  Speaker 3: for the US dollar and US treasuries, a good thing
• 1:42
  Speaker 3: for both our national security and our fiscal house. We're
• 1:45
  Speaker 3: going to once again vote to begin consideration of the
• 1:47
  Speaker 3: Genius Act, and I'm hoping that the second time will
• 1:50
  Speaker 3: be the charm we were here eleven days ago when
• 1:53
  Speaker 3: Democrats inexplicably chose to block this legislation. Stable Coin regulation
• 1:58
  Speaker 3: is a by part is an issue that is until
• 2:01
  Speaker 3: a week and a half ago when Democrats suddenly decided
• 2:03
  Speaker 3: to block it, just as we were getting ready to
• 2:07
  Speaker 3: have a debate on the floor. The bill brought up
• 2:09
  Speaker 3: a week and a half ago, is the exact same
• 2:12
  Speaker 3: bill the Democrats apparently now are willing to move forward on.
• 2:17
  Speaker 3: But at least we finally seem to be here ready
• 2:20
  Speaker 3: to take up this bill.
• 2:21
  Speaker 1: All right, So I think it's the exact same bill
• 2:23
  Speaker 1: in principle, but there are some nuances. We'll break those
• 2:26
  Speaker 1: down for you. Now, this is a clip where Elizabeth
• 2:29
  Speaker 1: Warren actually seems bullish on this.
• 2:34
  Speaker 2: Take a look.
• 2:35
  Speaker 4: Analysts expect that passing the Genius Act could grow the
• 2:38
  Speaker 4: stable coin market tenfold over just the next three years.
• 2:44
  Speaker 4: That would take a two hundred billion dollar market to
• 2:48
  Speaker 4: a two trillion dollar market. So here we are again.
• 2:53
  Speaker 4: What has changed in the bill since the last vote? Answer?
• 2:57
  Speaker 4: Not much. This week bill is worse than no bill
• 3:02
  Speaker 4: at all.
• 3:02
  Speaker 1: All right, a couple things she said within that clip.
• 3:05
  Speaker 1: There obviously two trillion, that's a pretty outlandish number that
• 3:09
  Speaker 1: would significantly improve the crypto market in general. But I
• 3:12
  Speaker 1: think the other thing if you look at the innovation
• 3:15
  Speaker 1: side of this, and that was the first clip that
• 3:17
  Speaker 1: kind of got into this, is that the United States
• 3:20
  Speaker 1: is now back on the playing field for innovation in blockchain,
• 3:23
  Speaker 1: which is going to find its way into payments, and
• 3:26
  Speaker 1: they're going to find their way into payments globally. So
• 3:29
  Speaker 1: having a true stable coin bill is better than what
• 3:33
  Speaker 1: we're faced with, which is all other countries being able
• 3:36
  Speaker 1: to come up and really compete with us. But that's
• 3:39
  Speaker 1: not really all of what she goes after. Of course,
• 3:41
  Speaker 1: her main theme has always been about fear mongering.
• 3:44
  Speaker 2: I've got another clip on that.
• 3:46
  Speaker 4: I am deeply concerned that this bill will directly lead
• 3:49
  Speaker 4: to the next financial meltdown. In twenty twenty two, two
• 3:54
  Speaker 4: of the largest stable coins failed to maintain their pegs.
• 3:58
  Speaker 4: If this bill passed, it will mean easier access to
• 4:02
  Speaker 4: money for terrorists and drug cartels for crooks. It is
• 4:08
  Speaker 4: a two for one, and we are virtually certain to
• 4:11
  Speaker 4: see another set of wild swings in cryptocurrency values.
• 4:17
  Speaker 1: Elizabeth Warren, I don't know who's giving her facts, because
• 4:21
  Speaker 1: the point is very simple. We've had no regulatory alignment.
• 4:24
  Speaker 1: There's been pretty much a full out war against crypto
• 4:28
  Speaker 1: in general. Yes, those kinds of instable markets will exist
• 4:33
  Speaker 1: when the United States doesn't step up and take control
• 4:36
  Speaker 1: of a major innovation hub like blockchain, and that is
• 4:40
  Speaker 1: the big issue here.
• 4:41
  Speaker 2: In fact, we would.
• 4:42
  Speaker 1: Probably spiral into a global potential problem if the United
• 4:47
  Speaker 1: States didn't do what they're doing right now around this
• 4:49
  Speaker 1: stable coin bill. So this is a big one, and
• 4:52
  Speaker 1: now she does have some concern around some of the
• 4:56
  Speaker 1: big things, and I would agree with this one point.
• 4:59
  Speaker 1: There's a very small area that I do agree on
• 5:02
  Speaker 1: with what she's talking about.
• 5:04
  Speaker 2: Listen to what she had to say.
• 5:06
  Speaker 4: If this bill passes, it will allow Elon Musk and
• 5:10
  Speaker 4: Mark Zuckerberg to issue their own money. The stable coin market,
• 5:14
  Speaker 4: will drain deposits from our local community banks. There will
• 5:19
  Speaker 4: be less funding available for small businesses and households all
• 5:23
  Speaker 4: across the country. These reasons, I urge my colleagues to
• 5:27
  Speaker 4: vote no on the Genius Act.
• 5:31
  Speaker 1: I believe that this actually protects the banking system, and
• 5:35
  Speaker 1: the reason for that is this gives the banking system
• 5:37
  Speaker 1: one more shot at becoming innovative and truly trying to
• 5:42
  Speaker 1: attract gen the millennials and also Gen z because that's
• 5:46
  Speaker 1: going to be the really critical demographic shift. If you
• 5:49
  Speaker 1: look at one of the statements in within this this
• 5:51
  Speaker 1: is directly from the bill. This is pretty much a
• 5:54
  Speaker 1: area of the bill that does protect against someone like
• 5:57
  Speaker 1: a zach or an elon of going into and trying
• 6:00
  Speaker 1: to control stable coins. The statement is very simple. A
• 6:03
  Speaker 1: permitted payment stable coin issuer may not provide services to
• 6:07
  Speaker 1: a customer on the condition that the customer obtained an
• 6:10
  Speaker 1: additional paid or product or service from the payment stable
• 6:13
  Speaker 1: coin issue, so or as subsidiaries and also additional services.
• 6:17
  Speaker 2: That are out there as well.
• 6:18
  Speaker 1: So it does protect against that, and I think that
• 6:20
  Speaker 1: is a factor going forward that is going to be critical.
• 6:23
  Speaker 1: That's one of the things I do agree with in
• 6:26
  Speaker 1: terms of stable coin issuance. The other thing that is
• 6:29
  Speaker 1: going to be interesting is it's going to be interoperable,
• 6:31
  Speaker 1: So this is going to promote compatibility with other stable
• 6:35
  Speaker 1: coin issuers. That's another factor that will continue to create
• 6:39
  Speaker 1: more market value overall, and hopefully they're learning from crypto
• 6:44
  Speaker 1: in general that interoperability is a good thing. Now that's
• 6:47
  Speaker 1: where the banks may get I guess maybe a little
• 6:51
  Speaker 1: bit sideswipe, but again it will depend on how banks
• 6:53
  Speaker 1: open up to this. That's the real next step. And
• 6:56
  Speaker 1: then the other thing is is if everybody's kind of
• 6:59
  Speaker 1: messing around in all of this, then the states actually
• 7:02
  Speaker 1: have the ability to go in and do something At
• 7:05
  Speaker 1: each individual state level, so states have the ability to
• 7:09
  Speaker 1: start to go in and apply some potential pressure in
• 7:12
  Speaker 1: this area. Now, this is where the vote actually went through.
• 7:17
  Speaker 2: Take a look. Make you feel good. Take a look
• 7:20
  Speaker 2: S one five A two A Bill to provide for
• 7:22
  Speaker 2: the Regulation of Payment stable Coins.
• 7:24
  Speaker 4: The clerk will call the role mister Crapo, mister Cruz,
• 7:28
  Speaker 4: mister Curtis.
• 7:30
  Speaker 2: The eyes are sixty six and the na's are thirty two.
• 7:34
  Speaker 1: The motion is agreed to the majority leader.
• 7:38
  Speaker 2: Mis President, I asked an Adams.
• 7:41
  Speaker 1: That's called defeat, bowing the head, crossing the yes. She's
• 7:45
  Speaker 1: been defeated finally, And I would say, though, if you
• 7:49
  Speaker 1: look at the list of who voted YEA, nay, there's
• 7:52
  Speaker 1: a handful many of you'll you'll recognize here. If you guys,
• 7:56
  Speaker 1: by the way, if you have some of these in
• 7:58
  Speaker 1: your district, an email call him up, thank them, tell
• 8:02
  Speaker 1: them that you've been.
• 8:03
  Speaker 2: Supporter of this. This is a big deal. But some
• 8:06
  Speaker 2: of the.
• 8:06
  Speaker 1: Ones that she was able to get to continuously. Schumer,
• 8:09
  Speaker 1: if you remember, remember he was kind of pro on
• 8:11
  Speaker 1: that crypto for Kamala and all that mess. That was
• 8:16
  Speaker 1: Schumer that was help initiating that, and of course he
• 8:19
  Speaker 1: bailed out of it. The other one that was kind
• 8:20
  Speaker 1: of interesting was Josh Holly. He also a Republican out
• 8:23
  Speaker 1: of Missouri. He also abstained, So somebody maybe findly O
• 8:28
  Speaker 1: how to talk with Josh Holly about this and where
• 8:30
  Speaker 1: that future might go further into what's happening on X.
• 8:34
  Speaker 1: Of course, here's the list all the candidates that had
• 8:37
  Speaker 1: the fair Shake support. Adam Schiff, Diego, Slotkin, Moreno voted yes.
• 8:43
  Speaker 1: So that's a good thing. Yes, that system works. Now,
• 8:47
  Speaker 1: this is the cool part is that with this all
• 8:50
  Speaker 1: this key hurdle right now, especially with this vote, sixty
• 8:53
  Speaker 1: to twenty nine means that it can't be filibustered. So
• 8:57
  Speaker 1: that is a huge We get the next vote and
• 8:59
  Speaker 1: it goes through, we have a stable bill in place,
• 9:02
  Speaker 1: and that will be huge for the market. All right,
• 9:05
  Speaker 1: let me go into the two items that are I
• 9:07
  Speaker 1: guess the bad items here. The first one is insured status,
• 9:10
  Speaker 1: so no FDIC, but we don't have FDIC right now
• 9:13
  Speaker 1: on stable coins as it is. The other thing that
• 9:16
  Speaker 1: plays into this is no interest. Now, this is a
• 9:19
  Speaker 1: big deal because most people are receiving that, but at
• 9:21
  Speaker 1: the same time a lot of people are still paying
• 9:23
  Speaker 1: on us dollar when you deposits which you do have
• 9:26
  Speaker 1: FDIC insurance on. However, I think that might actually be
• 9:29
  Speaker 1: changed up with the market structure, So as we see
• 9:32
  Speaker 1: this go through, market structure will be the next bill
• 9:35
  Speaker 1: and that I think will start to give us some
• 9:37
  Speaker 1: alignment because there's too much money for banks Wall Street
• 9:40
  Speaker 1: types as well as major companies to be able to
• 9:42
  Speaker 1: move to the next level on these profitabilities. Now where
• 9:46
  Speaker 1: does Ripple come into this, Well, a couple of things
• 9:48
  Speaker 1: are happening right now, as you guys know. If you
• 9:50
  Speaker 1: didn't catch our video yesterday, go watch it. But the
• 9:53
  Speaker 1: issue is the potential acquisition of Circle and whether this
• 9:57
  Speaker 1: goes for five billion six billion of what they're estimate
• 10:00
  Speaker 1: IPO was, or if it exceeds that, which I think
• 10:02
  Speaker 1: there's going to be a surplus there. And there's a
• 10:05
  Speaker 1: bit of a bidding war and there are people that
• 10:08
  Speaker 1: have some conspiracy theories as to why this might be
• 10:10
  Speaker 1: going on right here. Did Circle call its buddies Coinbase
• 10:14
  Speaker 1: to create a bidding war and drive the price up
• 10:17
  Speaker 1: even if they did, if that was a possibility, because
• 10:20
  Speaker 1: remember if Coinbase, and I mentioned this in the video yesterday,
• 10:23
  Speaker 1: if Coinbase was really serious about buying Circle. Wouldn't they
• 10:27
  Speaker 1: have already done it because they've had this relationship for
• 10:30
  Speaker 1: quite some time. So if that is the case, at
• 10:33
  Speaker 1: the end of the day, this is a benefit for
• 10:36
  Speaker 1: anybody that is the kind of distribution that Ripple or
• 10:40
  Speaker 1: coinbase has, no matter who wins this. So that is
• 10:43
  Speaker 1: another factor that is huge. Now, this is a very
• 10:48
  Speaker 1: interesting wrinkle in the whole issue, and this is all
• 10:52
  Speaker 1: about Senator Lummis and her staff, and this is of
• 10:54
  Speaker 1: course gardening house the CEO of Ripple. He's saying, Hey,
• 10:57
  Speaker 1: I've been trying to meet They're not taking our calls,
• 11:00
  Speaker 1: They're no longer, they're canceling our meetings. All of this
• 11:03
  Speaker 1: is really tying down to maybe a lot more integration
• 11:08
  Speaker 1: into the bitcoin ecosystem. Now why is this important and
• 11:11
  Speaker 1: how does this play out? Let me go to a
• 11:13
  Speaker 1: clip real quick and you'll see what I'm talking about.
• 11:16
  Speaker 5: I buy bitcoin and I hold bitcoin.
• 11:18
  Speaker 6: You buy bitcoin? Oh yeah, you have bitcoin?
• 11:20
  Speaker 2: I do.
• 11:21
  Speaker 6: How much bitcoin do you have? Well?
• 11:22
  Speaker 5: I only have I think five bitcoin, only five bitcoin.
• 11:26
  Speaker 5: But she bought them in twenty thirteen for about three
• 11:28
  Speaker 5: hundred dollars each, so she can now add a couple
• 11:31
  Speaker 5: of zeros to that number.
• 11:32
  Speaker 1: So nice little back there, I think. So we follow
• 11:36
  Speaker 1: along with where Senator Lummas is around the bitcoin ecosystem,
• 11:42
  Speaker 1: and when you go over to her website Lummas dot
• 11:44
  Speaker 1: Senate CoV just follow on down you can kind of
• 11:48
  Speaker 1: quickly understand where she's been connected and that, of course
• 11:52
  Speaker 1: her son in law Will Cole. You guys will probably
• 11:55
  Speaker 1: recognize that name. That, of course is an individual who
• 11:59
  Speaker 1: is a bit cooin maxi and has been involved in
• 12:01
  Speaker 1: bitcoin for quite some time. If you start to take
• 12:04
  Speaker 1: a look at some of this, he's also part of
• 12:07
  Speaker 1: and not a big proponent of Ripple. Brad garling House
• 12:10
  Speaker 1: has directed.
• 12:11
  Speaker 2: Hey, you should maybe look into this.
• 12:13
  Speaker 1: He's the head of product for a bitcoin payments company
• 12:15
  Speaker 1: and hate seeing ripple do well.
• 12:17
  Speaker 2: I would agree with that. I see all this happen
• 12:20
  Speaker 2: all the time.
• 12:20
  Speaker 1: Bitcoiners do not necessarily like any other token speriod, much
• 12:24
  Speaker 1: less XRP. Garling House himself has says ooh, thanks for
• 12:28
  Speaker 1: this information. Certainly in lighting enlightening that Will Cole is
• 12:32
  Speaker 1: related to Senator to Lumas, even though it's right there
• 12:34
  Speaker 1: on the front page. So I'm surprised that garling House
• 12:36
  Speaker 1: didn't know this, but that doesn't mean that it's the end.
• 12:40
  Speaker 1: And I've got another clip for you that'll be interesting here,
• 12:44
  Speaker 1: and that is Lummus being controlled maybe by bitcoin.
• 12:48
  Speaker 2: Maxi's take a look.
• 12:49
  Speaker 5: And my steps says how you can make your remarks
• 12:52
  Speaker 5: and then come back to vote, And I said, heck no,
• 12:56
  Speaker 5: I want to stay all morning being an honorary co host,
• 13:00
  Speaker 5: which means other people do all the work. Can I
• 13:03
  Speaker 5: just get to come and enjoy? And now your vision
• 13:08
  Speaker 5: from these past years is coming into full fruit and flower.
• 13:13
  Speaker 5: And it was truly a coincidence. Now, Michael Sailor, as
• 13:17
  Speaker 5: we all know, he has helped me understand this asset
• 13:21
  Speaker 5: and provided me with tools and mechanisms to help educate
• 13:26
  Speaker 5: my fellow senators. And we'll be using those Michaels as
• 13:29
  Speaker 5: the days and months come forward. And he made this
• 13:33
  Speaker 5: a pivotal investment strategy that has just turned to digital
• 13:37
  Speaker 5: gold left and right.
• 13:39
  Speaker 3: It's the world's most global, fault tolerant, unstoppable network. You'd
• 13:43
  Speaker 3: need trillions and trillions of computers to dentist network.
• 13:47
  Speaker 5: Michael Sailor, that may be one of the dozen best
• 13:51
  Speaker 5: presentations I've ever heard in my life. Today. I will
• 13:56
  Speaker 5: be reintroducing the Bitcoin Act.
• 14:01
  Speaker 1: All right, So clearly she's pro bitcoin, which is no problem.
• 14:06
  Speaker 2: In reality. We get this.
• 14:07
  Speaker 1: Yes, there are senators and congress people that are out
• 14:12
  Speaker 1: there that have a little.
• 14:13
  Speaker 2: Bit of a dog in the hunt.
• 14:14
  Speaker 1: It happens in the stock market, it happens in real estate,
• 14:16
  Speaker 1: it happens in almost everything.
• 14:17
  Speaker 2: Okay, I get that.
• 14:20
  Speaker 1: What is interesting is how this may play into a
• 14:23
  Speaker 1: very competitive lineup, and that is what's happening right now
• 14:26
  Speaker 1: with bitcoin in terms of payments there, as you guys know,
• 14:29
  Speaker 1: Stake and Shake officially announced they were accepting bitcoin.
• 14:32
  Speaker 2: Okay, no problem.
• 14:33
  Speaker 1: An issue though, is transaction fees and the ability to
• 14:38
  Speaker 1: be able to do transactions themselves. If you look at
• 14:40
  Speaker 1: just some of the cost around related to this.
• 14:43
  Speaker 2: This is the kind of promoting it out there.
• 14:45
  Speaker 1: Not a big promotion, which is kind of interesting, but
• 14:48
  Speaker 1: if you look at just cost overall, this is a
• 14:51
  Speaker 1: good example right here. Even though there wasn't a lot
• 14:54
  Speaker 1: of people that went in and did this, which is
• 14:56
  Speaker 1: not that big, was one hundred and sixty three transactional
• 14:59
  Speaker 1: zoom on that. Yeah, one hundred and sixty three transactions
• 15:02
  Speaker 1: on the first day.
• 15:03
  Speaker 2: Not a big deal, but Shake and Shake not.
• 15:05
  Speaker 1: A huge brand, but definitely a big enough brand that
• 15:07
  Speaker 1: they could have had a bigger rollout on this, So
• 15:09
  Speaker 1: that surprised me a little bit. The transaction fees are real.
• 15:12
  Speaker 1: This will be higher than traditional transactions. This is where
• 15:16
  Speaker 1: we have a problem with bitcoin as a payment architecture.
• 15:19
  Speaker 1: This is a thing we've talked about on this show
• 15:21
  Speaker 1: quite a bit. Further into that, if you just look
• 15:23
  Speaker 1: in general around the validity of the Lightning network and
• 15:28
  Speaker 1: it being able to actually succeed on a payment, this
• 15:31
  Speaker 1: is another big issue because it has not been able
• 15:33
  Speaker 1: to do that effectively at all, and nor I think
• 15:37
  Speaker 1: will it ever if it continues down the track it's
• 15:40
  Speaker 1: on right now. So that all of that being said,
• 15:42
  Speaker 1: here's a good example right here Lightning payment reliability. Even
• 15:45
  Speaker 1: at the lowest amount of transaction, it's still only ninety
• 15:49
  Speaker 1: percent of success rate versus almost zero percent when you
• 15:53
  Speaker 1: get into higher amounts. But again, the problem is that
• 15:56
  Speaker 1: all of this to improve, they even state it here,
• 15:58
  Speaker 1: the topology must shift. I don't think this necessarily can
• 16:01
  Speaker 1: make its way into payments, and we are talking about
• 16:04
  Speaker 1: a seismic shift that is about to happen in payments
• 16:08
  Speaker 1: with stable coins. Here's a good example of what Sailor's
• 16:11
  Speaker 1: talking about. Once you have all the bitcoin, I'll go
• 16:13
  Speaker 1: back to the future. The Loion Labs of course came
• 16:16
  Speaker 1: back and said, hey, the future is bright, Sailor, We've
• 16:18
  Speaker 1: been there. Only one problem is that the Lourian Labs is.
• 16:23
  Speaker 2: Working not with bitcoin.
• 16:24
  Speaker 1: They're working with different projects. And if you think about
• 16:28
  Speaker 1: this right now, Ethereum still runs the roost. But I
• 16:31
  Speaker 1: think the big ones that you got to look for
• 16:33
  Speaker 1: is when and if someone controls Circle, all of this
• 16:38
  Speaker 1: shuffling could change quickly. Let's take a look at Ripple
• 16:42
  Speaker 1: l USD also setting mostly within Ethereum. So good timing
• 16:47
  Speaker 1: here for both companies, I think, or both projects to
• 16:50
  Speaker 1: kind of go to the next level. Now, what's the
• 16:51
  Speaker 1: next phase, because this is where retail starts to move
• 16:55
  Speaker 1: and that is on the ISO twenty twenty two thing
• 16:58
  Speaker 1: that we've talked about before, and this is something where
• 17:01
  Speaker 1: retail seems to be ahead of the curve again and
• 17:06
  Speaker 1: I like that. Let's take a look at what is
• 17:09
  Speaker 1: coming down the pipeline.
• 17:11
  Speaker 6: The fed WY deadline for ISO twenty twenty two implementation
• 17:14
  Speaker 6: is coming up. It means US banks are going to
• 17:17
  Speaker 6: be able to communicate and more clearly, for the rest
• 17:19
  Speaker 6: of the world. The Federal Reserves FEDWY fund service is
• 17:22
  Speaker 6: the network that settles gross fund transfers between US banks.
• 17:26
  Speaker 6: It's a critical piece of financial infrastructure, all right.
• 17:30
  Speaker 1: So you know, we talked about this before many times
• 17:34
  Speaker 1: on the show, but it all happens here. Just around
• 17:37
  Speaker 1: the corner July fourteenth, the fedwire and all the fund
• 17:40
  Speaker 1: services for the US government will happen there. And if
• 17:42
  Speaker 1: you look at the list of companies that are within this,
• 17:45
  Speaker 1: let me kind of run into that because this is
• 17:47
  Speaker 1: kind of interesting. This is the list of the top
• 17:49
  Speaker 1: ISO twenty twenty two compliant coins. And you'll notice right
• 17:53
  Speaker 1: there XRP, Stellar, Lum's XDC network, Algoran, Iota Hadera, quant Cardono.
• 18:00
  Speaker 1: Two of them, XRP and XLM are also the members
• 18:04
  Speaker 1: of the standardization.
• 18:06
  Speaker 2: Body they created it.
• 18:08
  Speaker 1: You can start to see the writing on the wall
• 18:10
  Speaker 1: where this might go.
• 18:11
  Speaker 2: Lot brewing here for sure.
• 18:13
  Speaker 1: Don't forget that in Singapore, APEX twenty twenty five happens
• 18:17
  Speaker 1: over for Ripple. And this is something that I think
• 18:20
  Speaker 1: is important, and that is when you think about payments,
• 18:23
  Speaker 1: there is one thing especially in person payments.
• 18:27
  Speaker 2: That matters over everything, and.
• 18:29
  Speaker 1: That is the point of sale system. Many people will
• 18:32
  Speaker 1: point to the video that we did not too long
• 18:34
  Speaker 1: ago with this young chap and we broke down into
• 18:38
  Speaker 1: what he was trying to do. He was basically building
• 18:41
  Speaker 1: a point of sale system on XRP Ledger and that
• 18:45
  Speaker 1: was blowing my mind. First of all, he just won
• 18:48
  Speaker 1: again another one of their hackathons. This is a huge
• 18:52
  Speaker 1: deal because it could really open up the opportunity for
• 18:54
  Speaker 1: point of sales to make their way into all sorts
• 18:57
  Speaker 1: of retail systems, including restaurants, hotels, you name it. This
• 19:01
  Speaker 1: is the kind of thing that's going to happen, so
• 19:02
  Speaker 1: be on the lookout for that going forward.
• 19:05
  Speaker 2: Guys.
• 19:05
  Speaker 1: It's a big one, all right. If you're not part
• 19:07
  Speaker 1: of the Diamond Circle, get in on that. You guys,
• 19:09
  Speaker 1: can get additional content from us over there. Always follow
• 19:12
  Speaker 1: us on x which is just at Paul Baron. We'll
• 19:14
  Speaker 1: catch you next time right here on Techpath