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Transcript

$RLUSD Launching Tomorrow!🚀Bigger Than You Think🚨 · The Paul Barron Crypto Show

• 0:05
  Speaker 1: The wait is over for Ripples r l USD. We'll
• 0:08
  Speaker 1: break it down for you guys today. My name is
• 0:10
  Speaker 1: Paul Barren. Welcome back in a tech path. What we're
• 0:11
  Speaker 1: going to show you today is going to be hot,
• 0:13
  Speaker 1: so stick around for all of it. I do want
• 0:16
  Speaker 1: to thank a sponsor and that is Uphold. Check it out.
• 0:18
  Speaker 1: This is a place where you can actually participate in
• 0:21
  Speaker 1: r l USD. Use our link down below, get some
• 0:23
  Speaker 1: bonuses and it's very easy. This is one of those
• 0:26
  Speaker 1: places that if you're brand new to crypto, this is
• 0:28
  Speaker 1: one that I think will be easy to set up
• 0:31
  Speaker 1: for you. It's great in terms of available tokens, so
• 0:34
  Speaker 1: a lot of flexibility over there, and they are paying
• 0:37
  Speaker 1: some rewards on some of your stable coins. So check
• 0:39
  Speaker 1: it out. Use our link. Let's get into it. I
• 0:41
  Speaker 1: do want to start off with this right here, which
• 0:44
  Speaker 1: was Ripples announcement. Our l USD is launching globally tomorrow
• 0:48
  Speaker 1: and of course the launch partners. We've shown this a
• 0:51
  Speaker 1: couple of times when we've had some of these people
• 0:52
  Speaker 1: on the show Moon Pay Uphold Coinmina, Bitso, etc. We
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  Speaker 1: will see a global launch of our lust today and
• 1:01
  Speaker 1: there's a lot happening within this. I want to get
• 1:03
  Speaker 1: into a lot of detail because there's some very key
• 1:05
  Speaker 1: things that could really start to cause some movement within
• 1:10
  Speaker 1: XRP as a whole. All right, So here's another quick note.
• 1:13
  Speaker 1: Alongside the announcement, they also brought in some new advisors.
• 1:17
  Speaker 1: One of them, of course, is former governor of the
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  Speaker 1: Reserve Bank of India. And if you look at who
• 1:21
  Speaker 1: that is and just the size of the Reserve Bank
• 1:24
  Speaker 1: of India, they are number eleven on the overall reserves globally,
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  Speaker 1: so absolutely huge for the future of Ripple. Other things
• 1:34
  Speaker 1: that you have to consider is the CEO of that
• 1:37
  Speaker 1: group is on the shortlist for the Bricks Bank chief posts.
• 1:40
  Speaker 1: So remember Bricks. We talked about this many times, is
• 1:43
  Speaker 1: that there's a lot of functionality within bricks when it
• 1:47
  Speaker 1: comes to moving money around because of the nations that
• 1:49
  Speaker 1: are looking at using something maybe outside the dollar. So
• 1:53
  Speaker 1: what happens there when you look at the advisors, You've
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  Speaker 1: got Raj right there, but also Sheila Bert, she's the
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  Speaker 1: former chair of the fdi C. All right, So I
• 2:02
  Speaker 1: want to go to a clip of Sheila talking about
• 2:04
  Speaker 1: stable coins. This is actually six years ago. Take a look.
• 2:07
  Speaker 2: Tell me about a fed coin and how that would
• 2:09
  Speaker 2: change the financial landscape. Well, I think that's years down
• 2:13
  Speaker 2: the road, but they do need to be looking at it.
• 2:15
  Speaker 2: There's a lot of private efforts to have what's called
• 2:17
  Speaker 2: a stable value digital currency. If a private entity really
• 2:20
  Speaker 2: did find a stable value cryptocurrency, that would be widely accepted.
• 2:25
  Speaker 2: I think there could be a real, you know, a
• 2:27
  Speaker 2: flight away another different kind of bank round, a flight
• 2:30
  Speaker 2: out of banks into that cryptocurrency. And I think that's
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  Speaker 2: still years off, but it's happening. There are a lot
• 2:35
  Speaker 2: of startups, a lot of very smart people investing in
• 2:37
  Speaker 2: these startups. It's about one point nine five percent. Now,
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  Speaker 2: it doesn't trickle down. I just went to a large
• 2:43
  Speaker 2: bank I won't name to open up a savings account
• 2:45
  Speaker 2: for my daughter and I said, well, what's the what's
• 2:47
  Speaker 2: the interest rate on this? And they said zero point
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  Speaker 2: oh one percent, So you know, and this kind of
• 2:51
  Speaker 2: you know yea, So if you want people to save
• 2:54
  Speaker 2: more by increasing interest rates in borrow less, this is
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  Speaker 2: not an efficient way to do it. If you actually
• 3:00
  Speaker 2: had some level of control and ways to transmit those
• 3:06
  Speaker 2: higher interest rates into consumer pockets, I think you would
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  Speaker 2: have a very different monetary dynamic point one percent, even
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  Speaker 2: if it's not on the federal res.
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  Speaker 1: Interesting that she was forecasting that because obviously we started
• 3:18
  Speaker 1: to see performance and yield coming in on stable coins
• 3:20
  Speaker 1: over the last really twenty four months. And one of
• 3:23
  Speaker 1: the things that happens with stable coins, of course, is
• 3:25
  Speaker 1: how they're audited to ensure the reserves are in place. Well,
• 3:29
  Speaker 1: they're going to be Ripple is going to be audited
• 3:31
  Speaker 1: monthly and give full transparency of their report of their
• 3:34
  Speaker 1: reserves in these reports. So that's a good thing. If
• 3:37
  Speaker 1: you compare this to what's been happening in the banking ecosystem.
• 3:40
  Speaker 1: Remember Silicon Valley National Bank. That was one example where
• 3:45
  Speaker 1: you guys understand this fractional reserve banking has been around
• 3:48
  Speaker 1: for some time, but that was where it was really exploited.
• 3:50
  Speaker 1: Take a look at this clip.
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  Speaker 3: Probably seventy five percent of American employees and I'm guessing
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  Speaker 3: are dependent on uninsured and uninsured deposits to get their paychecks.
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  Speaker 4: If we get in a situation there where fears starts
• 4:04
  Speaker 4: driving behavior by uninsured deposits, not necessarily fundamentals about how
• 4:08
  Speaker 4: good the bank is, but fear, then they are going
• 4:11
  Speaker 4: to have what's called liquidity failures.
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  Speaker 3: This is not These are not average depositors. So there
• 4:15
  Speaker 3: are people there that had hundreds of millions of dollars.
• 4:18
  Speaker 3: I mean, you've got Roku that had I don't know,
• 4:20
  Speaker 3: five hundred million dollars in there. These are not mom
• 4:24
  Speaker 3: and pop investors and mom and pop depositors that put
• 4:27
  Speaker 3: in a little bit of money, saving it for a
• 4:29
  Speaker 3: rainy day like that.
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  Speaker 2: But it is bigger than that.
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  Speaker 3: The point is that the entire banking system.
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  Speaker 2: Of the world.
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  Speaker 3: Oh did we lose him? Yeah, son of a bitch.
• 4:43
  Speaker 3: He just said the entire banking system of the world,
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  Speaker 3: and then we lost him. Holy shit, Now what do
• 4:50
  Speaker 3: we do? Mark Cuban just created a bank run the
• 4:54
  Speaker 3: entire banking system of the world.
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  Speaker 4: I'm sure he's going to say it was perfectly safe
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  Speaker 4: and sound.
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  Speaker 1: The problem is if we do see a stable coin
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  Speaker 1: start to pay yields, you're going to see potentially huge
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  Speaker 1: amounts of money come over and this could could include businesses.
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  Speaker 1: And what Cuban was kind of alluding to there was
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  Speaker 1: is that most all of banks that are out there
• 5:14
  Speaker 1: are holding dollars that basically transact in in payroll. Payroll
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  Speaker 1: is one of the biggest exposures out there. So this
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  Speaker 1: is a big factor going forward, and I think this
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  Speaker 1: is one that we need to keep an eye on
• 5:26
  Speaker 1: very closely. Further in the report here on Ripple and
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  Speaker 1: we'll kind of break down some of this. One of
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  Speaker 1: the things that's going to happen here very soon. He
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  Speaker 1: is the FDIC chair Gruenberg. He's going to be stepping
• 5:37
  Speaker 1: down or most likely will get fired by President elect
• 5:39
  Speaker 1: Ronald Trump. But the cool thing is we've got the
• 5:42
  Speaker 1: potential person coming in. This is a Republican vice chair,
• 5:46
  Speaker 1: Travis Hill. He is pro crypto, so that's another advantage
• 5:49
  Speaker 1: to the FDIIC that potentially could come in, even though
• 5:52
  Speaker 1: it is possible that Bayer could also come back in
• 5:55
  Speaker 1: as the chair of the FDI. See all of this
• 5:57
  Speaker 1: again good for crypto as a whole. The other thing
• 6:01
  Speaker 1: to take note here is remember that right now USDC
• 6:05
  Speaker 1: is most likely the big yield earner out there. It's
• 6:08
  Speaker 1: a very small fraction of the market. In fact, it's
• 6:11
  Speaker 1: mostly small retail that's earning yield on that even though
• 6:14
  Speaker 1: and that mainly has been because most of the money
• 6:16
  Speaker 1: market funds are still paying five percent or close to
• 6:20
  Speaker 1: But if we start to see a reduction in money
• 6:22
  Speaker 1: market funds, then you're going to start to look at
• 6:24
  Speaker 1: the potential here of a federally regulated stable coin. Remember
• 6:30
  Speaker 1: RLUSD has been approved in New York by the regulators
• 6:33
  Speaker 1: and the potential of a stable coin bill all aligning
• 6:36
  Speaker 1: at the same time. What does that mean? That means
• 6:39
  Speaker 1: early next year ripple Payments will now use RLUSD to
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  Speaker 1: facilitate global payments. This is going across almost seventy billion
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  Speaker 1: in payment volume near what was it, ninety plus payout markets,
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  Speaker 1: representing about ninety percent of the coverage in the total
• 6:54
  Speaker 1: FX market. So URLUSD is available both on XRP Ledger
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  Speaker 1: and also on Etherory, both those I think will benefit
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  Speaker 1: from this. Keep a close eye on this. Other things.
• 7:03
  Speaker 1: If you take a look at what's happening out there
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  Speaker 1: on the trust lines on XRP scan, you go over
• 7:08
  Speaker 1: and you guys can do this yourself, but you click
• 7:10
  Speaker 1: trust lines scan down to the bottom real quick, and
• 7:12
  Speaker 1: then you'll get a chance. We've shown this for the
• 7:15
  Speaker 1: last couple of weeks. This right now hovering in on
• 7:18
  Speaker 1: what is that almost twenty four thousand trust lines. Last
• 7:22
  Speaker 1: time we checked in it was around nineteen thousand, so
• 7:24
  Speaker 1: it's continuing to climb on trust lines for sure. Another
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  Speaker 1: thing that's hitting right here, of course, is David Schwartz.
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  Speaker 1: There's actually someone willing to pay, possibly someone willing to
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  Speaker 1: pay twelve hundred bucks our lust for a tiny fraction
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  Speaker 1: of one r l usd tools. This is going to
• 7:42
  Speaker 1: basically show you that it's more of a collector's But
• 7:44
  Speaker 1: the point is is the price will come back to
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  Speaker 1: a buck real soon. We'll most likely see a little
• 7:49
  Speaker 1: bit of volatility there. Do not Fomo into a stable coin.
• 7:52
  Speaker 1: I agree with him for sure, But the point is
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  Speaker 1: is there's big demand, and I think that in itself
• 7:58
  Speaker 1: is very unique. Look at the top three use cases
• 8:01
  Speaker 1: of stable coins right here. Ninety one percent in crypto
• 8:04
  Speaker 1: trading accepted most likely yep, no problem, and peer to
• 8:07
  Speaker 1: peer payments seventy percent also expected. But this one surprised me,
• 8:12
  Speaker 1: and that is sixty three percent of savings people actually
• 8:14
  Speaker 1: putting cash into stable coins earning yield on these networks,
• 8:19
  Speaker 1: whether it's on exchanges, in wallets, in platforms like uphold,
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  Speaker 1: others out there that are really starting to pay off there.
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  Speaker 1: This one surprised me a little bit. Imagine what happens
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  Speaker 1: when companies can do that. That's a big, big step. Now,
• 8:34
  Speaker 1: remember we put out a couple of notes. This is
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  Speaker 1: when we put out over the weekend marketing idea for
• 8:40
  Speaker 1: our lust Ripple Ayer drops one dollars, so everyone who's
• 8:42
  Speaker 1: set up a trust line currently holds at least one
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  Speaker 1: XRP and XP markets liked it, so hopefully maybe we'll
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  Speaker 1: see something like that now. Uphold also put out a
• 8:52
  Speaker 1: statement just here the other day, and Uphold is going
• 8:55
  Speaker 1: to integrate our LUSD. We already talked to Nancy and
• 8:58
  Speaker 1: the team over there, but they're going to put this
• 9:00
  Speaker 1: in a reward center program starting in January just here
• 9:02
  Speaker 1: a couple of weeks, and that way users can now
• 9:05
  Speaker 1: earn rewards for buying and holding r l USD. So
• 9:09
  Speaker 1: again more value here to the XRP ecosystem. So the
• 9:13
  Speaker 1: likelihood of popularity in this use case is only going
• 9:15
  Speaker 1: to drive the token price up. Rip will also partner
• 9:18
  Speaker 1: with saft Bank soft Bank. Now we've showed this a
• 9:20
  Speaker 1: couple of times, and if you think of just the
• 9:24
  Speaker 1: partnership with soft Bank and really kind of the evolution
• 9:27
  Speaker 1: of where digital banking could go, MASA has been this
• 9:31
  Speaker 1: is the CEO of SoftBank. They have been on the
• 9:33
  Speaker 1: forefront of a lot of these early tech adoptions. Now,
• 9:36
  Speaker 1: coincidentally this happened today with President Trump and the soft
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  Speaker 1: Bank CEO coincidentally aligning up to the r l USD launch.
• 9:47
  Speaker 1: Interesting timing.
• 9:48
  Speaker 5: Take a look, take a lot. I'm now excited to
• 9:55
  Speaker 5: commit this one hundred billion dollars and one hundred thousand
• 9:59
  Speaker 5: jobs to the United States. This is double of last
• 10:04
  Speaker 5: time because I say, oh, President Trump, he is a
• 10:08
  Speaker 5: double down president. I'm gonna have to double down. You know,
• 10:11
  Speaker 5: this is my confidence.
• 10:15
  Speaker 4: I like it.
• 10:15
  Speaker 1: Double down President, double down on the investment. So here's
• 10:19
  Speaker 1: a tweet right here, partner with SoftBank to announce a
• 10:22
  Speaker 1: hunter billion in the US investment right there. So remember
• 10:25
  Speaker 1: when Ripple hired ex soft Bank director head of public policy.
• 10:29
  Speaker 1: Well that was Ripple appointing an ex SoftBank director as
• 10:32
  Speaker 1: head of public policy. So all of this lining up, guys,
• 10:36
  Speaker 1: I'm telling you there is a lot brewing out there,
• 10:39
  Speaker 1: all right. So I want to go into the advisory
• 10:41
  Speaker 1: board and of course there's Sheila right there, there's Raj
• 10:44
  Speaker 1: right there, This is Bank India, and then right there
• 10:47
  Speaker 1: is Kenneth Montgomery all right, you guys probably recognize this
• 10:50
  Speaker 1: face right maybe, well, let me play a clip.
• 10:53
  Speaker 2: Today businesses and consumers want to send and receive money
• 10:56
  Speaker 2: in seconds. So the time for modernizing our nation's pan
• 11:00
  Speaker 2: system is now.
• 11:01
  Speaker 4: That's why the Federal Reserves work is progressing rapidly for
• 11:05
  Speaker 4: the FED now service, a new infrastructure for instant payments.
• 11:10
  Speaker 1: All right, So just think about that, the potential of
• 11:12
  Speaker 1: FED now, potential of RLUSD, the potential of what happens
• 11:16
  Speaker 1: within the ecosystem. Then you have to leap to the
• 11:18
  Speaker 1: next potential here, and that is Japan's banking system is
• 11:22
  Speaker 1: poised to adopt XRP by twenty twenty five. Right there,
• 11:26
  Speaker 1: it is CEO of SBI we've showed this before, has
• 11:29
  Speaker 1: announced that all banks in Japan might adopt XRP by
• 11:32
  Speaker 1: as earl as twenty twenty five. Again, this is another
• 11:35
  Speaker 1: G twenty that starts to look at the potential of
• 11:38
  Speaker 1: a digital currency. Could it be RLUSD? All right, so guys,
• 11:43
  Speaker 1: get out there, get some RLUSD on these launch partners,
• 11:46
  Speaker 1: set up your trust lines, get moving on it, and
• 11:48
  Speaker 1: of course we always love to get your feedbacks. Make
• 11:50
  Speaker 1: sure and leaves some comments down below, and if you're
• 11:52
  Speaker 1: not in our diamond circle, get in on that as well.
• 11:54
  Speaker 1: Catch me out there on X at Paul Barret. We'll
• 11:56
  Speaker 1: catch you next time right here on tech Path
• 12:01
  Speaker 3: Permut