Latest / The Paul Barron Crypto Show / XRP MAJOR UPDATES! Stablecoin Name + Ethereum Interoperability | Apex Day 1 Recap

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XRP MAJOR UPDATES! Stablecoin Name + Ethereum Interoperability | Apex Day 1 Recap · The Paul Barron Crypto Show

• 0:06
  Lot's happening in the XRP ecosystem today. We're going to be breaking down their
• 0:09
  major event and what has been revealed today. You don't want to miss it.
• 0:13
  My name is Paul Barre. Welcome back into tech Path. Speaking of
• 0:17
  XRP. I want to thank our sponsor and that is tangentm Did you know
• 0:21
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• 0:23
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  below. Make sure and get the three card set. I like these new
• 0:38
  colors. Those are pretty cool. But get the three card set and make
• 0:43
  sure and use our link. Anyway, let's get into it. A couple
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  of things I want to hit on today. I'm going to jump over to
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  the first tweet that just kind of shows the size of what's happening here.
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  They came out, you know, it's because the line goes all the way
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  up in there. That's pretty good, you know, with the in terms
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  of the people who showed up for this event. That's a good thing,
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  I think overall. I want to go to a clip that kind of breaks
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  down a little bit where they started this, of course, is David Schwartz
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  on the state of the XRPL ecosystem. Take a look. It is fully
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  decentralized, and unlike on most other blockchains, those nodes are enforcing censorship resistance
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  as well. We're probably the only major blockchain with no in protocol incentives for
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  block production or running a validator. People run validators because they want the network
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  to work. There's more than five million active XRP wallet holders, and that's
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  a real number. For example, on UTXO based blockchains like Bitcoin, a
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  single user probably has a number of addresses and they're using the ledger directly.
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  Right there's a lot of people called bitcoin hold ether who will never use those
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  blockchains directly. These are people who are actually potential customers for projects built on
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  the XRP ledger because they have access to the ledger, they have their money
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  on chain. There's over one seven hundred and fifty apps exchanges on MAInet.
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  The number of Contriy Dibiter's building projects of different types on the XRP Ledger is
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  enormous. The gaming and metaverras space is a little bit on the small side,
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  but it's been very exciting and interesting. Companies like Forte, So you
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  look at Forte and just the connection within their own ecosystem, Alo and their
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  cosmos e Thripple obviously, and then Solana and one of course is Zinga who
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  partnered with Forte for blockchain based game development. I think this is going to
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  be an area for XRP four Ripple that is going to really explode. Remember
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  we did a video with Future Verse and this is them tweeting a little bit
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  here reflecting on eleven companies because remember there's a whole bunch of companies that merged
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  into one thirty plus products. All of that now tied in to the launch
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  of the Root network. So a lot happening there. If you guys have
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  not seen that video, go back and watch Aaron McDonald on that video because
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  it breaks down a lot of what's happening within their organization that ties into the
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  use of the XRPL. So good stuff all around. I want to go
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  into another click here. This gets into Brad garling House, and you know,
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  the comparison of apex overseas versus what we saw in Las Vegas. Here
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  in the United States, take a look. I mean, look, there
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  are three times as many people here as the last apex. Yeah, I
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  mean I think the latest tally was seven hundred or eight hundred attendees, So
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  that's about right. Wow. Yeah, with the time when I joined,
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  we had about eighty people. Now we have hundreds and hundreds of people,
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  and so I feel like we can do more things. The culture of the
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  whole XRP community, which has just been phenomenal, is like, how do
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  you create small groups who get a lot of shit done. Let's try stuff
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  and if it doesn't work, that's okay, we try again. Just to
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  clarify, I'm usually on the do fewer things side of that argument. When
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  you look at kind of just the scope of Ripple and the fans of Ripple,
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  there's a very different category of enthusiasts around this. So the fact that
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  they got close to a thousand people in Amsterdam is pretty significant. Garling House
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  also released the name of the stable coin. Take a look, in the
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  ten or some odd years you've been working together, you've never shared a stage.
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  That's true, crazy, isn't it? Let's talk about maybe the new
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  name of the stable Let's do that. David made some news earlier this morning,
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  more news that we're gonna it's like a gender reveal conference, Like,
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  okay, we the name of the ripple stable coin b r L USD.
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  I like to call it real USD Ripple USD. Having liquidity on chain,
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  having the bridging frankly better on ramps and off ramps, that's good for everybody.
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  You really do, you really do need both. If you're gonna have
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  an A m M, there has to be at least two assets right that
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  people are trading. If you're gonna have liquidity, it has to be liquidity
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  between two assets. And the XRP has a privileged place on the XRP ledger
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  through path finding always looks for XRP liquidity first. The autobridging causes trey aids
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  to automatically look at XRP liquidor where they don't automatically look at any other liquidity.
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  So xope is always going to have a privileged place as a bridge asset
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  on the XP ledger and stable coin ecosystem is not going to change that.
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  It's just going to enable more use cases. Part of that abstraction we're talking
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  about for you know, mass adoption. I mean this is on the enterprise
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  side, but they want a problem solved. That's good. I like the
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  name real USD that could probably stick around, I think, and remember their
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  their idea is to really transplant the tether ecosystem, and what they're talking about
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  in terms of liquidity and the opportunity here in the relationship to a token meaning
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  XRP makes a lot of sense. This is a clip where they address the
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  size of the market. Take a look. The current market cap of stable
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  coins is around one hundred and sixty billion dollars, and it's growing so rapidly
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  that that number is you know, it's going to be obsolete by the you
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  know months. The market value of tokenis US securities loan is one point five
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  billion. That that number or is good, probably different by the time I
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  get off this stage. And of course the growth of tokenized assets sixteen trillion
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  dollars forecast by twenty thirty, I think that's probably going to be conservative,
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  and I would agree. I think if you look at the strength of the
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  market, what we've seen not only with black Rock, what we've seen in
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  various chains out there, whether it's someone like chain Link, what's happening with
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  the avalanche ecosystem. One of the things he hits on is AMMS, and
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  this is versus things like an ethereum amm. Let him explain this because this
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  gets into tokenized assets. There's a lot to this to take a look.
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  So what does Ripple think that we need for the XRP ledger to benefit from
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  this. We have the automated market maker. It launched in March of this
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  year, and so on most EVM based chains you just don't have order books,
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  you only have amms. The XRP ledger has order books. So if
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  you have an automated market maker, between say XARP and a USD stable coin,
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  it will get revenue not just from market making, but also from volatility
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  harvesting. Let's say you're an arbitrager and you calculate that you could make one
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  hundred dollars a day, and you might be let's say ninety dollars a day
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  to make that one hundred dollars a day, which means instead of the liquidity
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  providers losing one hundred dollars a day, they only lose ten dollars a day,
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  which reduces in permanent loss and increases yield. This is one of the
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  things that's different between what you see in the ethereum ecosystem and I think the
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  volatility comparison that David's talking about. The David Swartz really starts to kind of
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  level that out in terms of liquidity opportunities. I know this gets into complexity,
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  but the idea is is this is good for the ecosystem, especially around
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  stable coins. He talks a little bit more also around XRPL and the EVM
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  announcement. Take a look interoperability extremely extremely important, you know announcement. It
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  has a name I wanted to call it in Iobia my lost. It is
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  called the XRPL EVM side chain. I want you to think of that as
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  a true part of the XRP ecosystem. XRP will be its native token,
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  and it will be able to address that long tail of use cases. So
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  Axilaura is going to put the bridge for the native token. Anybody who wants
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  to can provide other bridges for other tokens, but you do have to have
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  one bridge for the native token, the gas token that's going to be provided
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  by Axelar. So it took what two years to bring AMMS onto the xrp
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  ledge. Let's say somebody said, hey, I want to do securities derivatives
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  with leverage trading and you know some other weird thing on it over collateralization,
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  blah blah blah. You could launch that on an EBM side chain in probably
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  two months and it's much easier to find developers. So we have to be
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  realistic. If we don't have a place inside our ecosystem for those projects to
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  go, they're just they're going to go elsewhere. We have to connect.
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  If we don't connect, we will not be able to get mass adoption.
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  It'll always be limited to a bunch of privileged bridge people. That's not exciting.
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  Well, he is right there, Axelot. Remember we showed this on
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  a video several maybe last week, kind of showcasing some of the connection points
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  I think was on our Microsoft and Meta video that we did last week.
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  But this is the real Wortal assets connection. There. You've got Circle on
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  dough provenance which we showcase there, Microsoft Onyx over JP Morgan, and then
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  even in the infrastructure Celestia, file coin, et cetera. So the point
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  being is is this is what he's talking about the capacity for it to get
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  into mass adoption. Real world assets I think are going to be one of
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  the key areas that they're going to really accelerate on for sure, and was
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  on the press statement is they're experiencing cross chain bridge technology recognized throughout industry,
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  having managed integrations ranging from UNISWAP to Microsoft. So again that is the connection
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  that we see down the road that we could start to see a lot of
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  opportunities here kind of floating around the ripple ecosystem, much more than what they've
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  been in, which has mostly been the banking industry. What happens if they
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  start to really branch out into all these other areas gaming, what we'll see
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  in real world assets, token is securities, all those kind of things represent
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  a huge opportunity for growth. Another one to get into is getting into a
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  little bit about what Uphold is doing. And this goes into kind of the
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  XRP community and not only the XRPA community, but kind of their DNA what
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  they do. So take a look at this. So to begin, Uphold
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  was the only exchange in the United States that did not delist XRPO. How
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  did this impact Uphold as a company? I would say when the decision came
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  out last summer that XRP was not a security you know, and everybody finally
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  decided to join the party enlist it. We didn't know if all of our
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  users would have all these choices, but really important for us was that in
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  the time that we were able to build this relationship with the XRP community,
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  we saw, you know, less than five percent of our users try other
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  exchanges. So everybody stayed with us. So while I appreciate the clapping,
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  I would say I would at the heart of blockchain and crypto is community and
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  I felt like that in spades, when you know, we stayed with XRP,
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  and then the XRP community stayed with us. You know, at that
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  point it became a risk decision, and we took the risk, and I
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  think it paid off for everybody. Definitely. Yeah. Absolutely, Remember Uphold
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  is doing precious metals. This kind of ties into the mentality of long term
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  holders on XRP. They're tying into a psyche I believe of how XRP investors
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  and holders think, and that's going to be important because this could start to
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  open up a lot of different products and services for Uphold in the future.
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  I want to go to another couple of clips here, because this gets into
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  some things that are really going to next level. This one is talking about
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  uphold and neo banking for XRP. Take a look. First thing I would
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  say is the number one piece of feedback that I get from the XRP community
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  is how do I get return on my assets? Right? How do I
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  get passive return on all of these assets that I'm holding, because it's a
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  big holding community. So you know, we are talking with the team about
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  the AMM and you know, integrating the native decks in our self custodia wallet.
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  So one of the other things we're doing is we're really working on almost
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  features that I would call a crypto neobank. So you'll see us come out
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  with ability to earn interest, the ability to use your crypto for payments,
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  for a direct deposit, for bill pay, all those types of things as
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  well. Okay, so she hit on a lot of things neobank, all
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  the services. This is something I've talked about many times, and that is
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  at some point we're going to have a bank or an entity that will allow
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  us to do bill pay, allow us to do payroll, which I think
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  is going to be huge in terms of an opportunity in the future because there's
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  a lot of online services, whether it's ADP, Gusto, all those kind
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  of companies that are out there that have not broken over into blockchain just yet.
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  Someone could come in and sweep up that market pretty easily. Could it
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  be an uphold we'll see. Last up was the idea around what else would
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  they announce at this event? Well, Guarding House teased it a little bit.
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  Take a look for ripples. Are you guys going to be tokenizing money
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  market funds and the like? Is that an opportunity that maybe is missed.
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  Well, it's an opportunity for the XRPL for sure. You know, we're
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  not going to play in every space. We may partner help catalyze and in
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  fact one of the things that maybe we'll talk more about tomorrow. Because it's
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  APEX, we announce things as we go along those lines. But all right,
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  well, there you have it. We're gonna have some meta tomorrow and
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  it's coming in hot. I think I think they're probably going to drop a
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  bomb on the industry. I think they're going to be dropping maybe something pretty
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  big. Obviously, stable coins, evms, those were big announcements huge announcements,
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  really, but this one to the next level. Maybe they're saving something
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  really really special for the end. No, no, you never know with
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  some of these event organizers. But the fact that we could see something moving
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  into the money market space, specially around organization. There very interesting financial products
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  that could start to make its way in all sorts of financial markets. All
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  right, So if you're not in the Diamond circle, make sure and jump
• 14:07
  in there. It's a great place to get an additional content. Of course,
• 14:11
  if you want to follow me on x it's just at Paul Baron.
• 14:13
  We'll catch you next time. Right here on tech Maak