Latest / The Paul Barron Crypto Show / Meta Acquiring Ripple?🚀XRP Stablecoin Potential w/ Bradley Kimes🔥

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Meta Acquiring Ripple?🚀XRP Stablecoin Potential w/ Bradley Kimes🔥 · The Paul Barron Crypto Show

0:06
Speaker 1: Today we're going to be breaking down XRP ripple and
0:09
Speaker 1: some very interesting news that could be happening. You guys
0:12
Speaker 1: don't want to miss this one. My money, miss small barrel.
0:13
Speaker 1: We'll come back into tech path. Let's jump into it.
0:16
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Speaker 1: Use our link down below. You'll get some special offers
0:50
Speaker 1: to get going. As you guys know, XRP, the Bitcoin Conference,
0:55
Speaker 1: the Salana event all happening here in May. I will
0:59
Speaker 1: be at this event right here at XRP Las Vegas
1:02
Speaker 1: on May thirtieth through the thirty first and today, I
1:04
Speaker 1: wanted to bring in Bradley Comes, who's the event director
1:07
Speaker 1: and organizer, to kind of break down some things that
1:10
Speaker 1: are happening within the ripple ecosystem. Bradley, it's great to
1:13
Speaker 1: have you on the show.
1:15
Speaker 2: Paul, thank you for having me. Man, it's great to
1:17
Speaker 2: It's great to have you at XRP Las Vegas.
1:19
Speaker 1: It's going to be fun. I've already seen and talked
1:22
Speaker 1: to quite a few people that will be there. It's
1:25
Speaker 1: going to be interesting in terms of some of the topics.
1:28
Speaker 1: I'll be moderating a couple of panels, very intriguing discussions,
1:32
Speaker 1: a lot of really good gets. In terms of the people, Bradley,
1:35
Speaker 1: when you look at the layout of not only the people,
1:39
Speaker 1: the companies that will be involved, some of the biggest
1:42
Speaker 1: capital companies out there, anything that you're expecting in terms
1:46
Speaker 1: of maybe news or you know, interesting conversations that may happen.
1:52
Speaker 2: I do think, and I don't want to spoil it
1:55
Speaker 2: for anybody else, you know, any of the companies or
1:57
Speaker 2: sponsors that are participating, But I do know that some
2:00
Speaker 2: of the sponsors that will be attending have some really
2:03
Speaker 2: incredible things planned and if history is any measure. Last
2:09
Speaker 2: year and every year, we've always had something on stage,
2:13
Speaker 2: be breaking news, something that's being shared for the first time,
2:17
Speaker 2: and that is absolutely an exciting possibility. And I think
2:21
Speaker 2: you're going to hear some incredible things this year too, So.
2:24
Speaker 1: Some possible mic drops when you look at you guys
2:27
Speaker 1: have been holding this event for what three years?
2:29
Speaker 3: Yes, this will be our third year this year.
2:31
Speaker 1: What has been the biggest thing that has come out
2:33
Speaker 1: of previous events? Was there anything that you remember that
2:36
Speaker 1: was like, hey, this was a big moment for Ripple
2:39
Speaker 1: and the XRP ecosystem.
2:41
Speaker 2: I think it was just the support of the XRP
2:45
Speaker 2: community coming together. You know, XRP community, unlike any other community,
2:51
Speaker 2: has been sued, right, We've had a lot of hate
2:55
Speaker 2: and vitriol on social media, and we've been through so
2:58
Speaker 2: much that I believe, unknowingly this conference has helped to
3:03
Speaker 2: really bring us together as a collective because we have
3:07
Speaker 2: been through four plus years of a lawsuit and you
3:10
Speaker 2: certainly know the history. You've done an amazing job covering.
3:13
Speaker 2: But I think that's the biggest thing that really was
3:16
Speaker 2: not even thought about. And you'll see there'll be over
3:19
Speaker 2: one thousand people at this event, and they're all incredible people,
3:23
Speaker 2: and they're all super knowledgeable, and they realize that not
3:27
Speaker 2: only is it a chance to network at this event,
3:29
Speaker 2: but you're going to hear things on stage over the
3:32
Speaker 2: course of those two days.
3:33
Speaker 3: That you will not hear anywhere else.
3:35
Speaker 1: Yeah, I think that's the that's kind of the special
3:40
Speaker 1: attention that I think a lot of people need to
3:42
Speaker 1: pay two major events like this one is that when
3:45
Speaker 1: you get a chance to go to these and of
3:46
Speaker 1: course we'll cover it, but there's a lot of difference
3:50
Speaker 1: between hearing about it afterwards and hearing and seeing it
3:54
Speaker 1: happen live. In some cases, this can mean some impact
3:58
Speaker 1: even on your own portfolio, because you're thinking through things
4:01
Speaker 1: that a lot of these people are talking about. And
4:03
Speaker 1: a lot of times when I'm on stage, and also
4:06
Speaker 1: when I hear people that we're interviewing, a lot of
4:09
Speaker 1: times people they want it to come out, even though
4:12
Speaker 1: they may not want to say it, but they want
4:14
Speaker 1: stuff to come out. You can kind of read between
4:16
Speaker 1: the lines. So that's kind of what I'm looking for
4:19
Speaker 1: right now. Speaking of that, there's some interesting things brewing
4:23
Speaker 1: here that I want to present to you, and the
4:25
Speaker 1: XRP community around our research because we think there might
4:29
Speaker 1: be something around this whole stable coin movement that is
4:33
Speaker 1: happening right now. We've saw Coinbase of course accelerating their
4:37
Speaker 1: movement within USDC and a course, as you can see,
4:41
Speaker 1: Coinbase is now guess what coming in with rapped XRP
4:46
Speaker 1: very soon. So here is something that I think is happening.
4:49
Speaker 1: And we think that Meta is in a position right
4:52
Speaker 1: now because Mark Zuckerberg has already talking I've got a
4:55
Speaker 1: clip here in a second, i'll play for you. He's
4:57
Speaker 1: already talked about getting more involved in stable coins and
5:01
Speaker 1: it has been you remember Libra was kind of a
5:03
Speaker 1: miss because it was way too early. But now Circle
5:08
Speaker 1: has come to the game. Jeremy Laire. We're starting to
5:11
Speaker 1: see rl us D make its play paypalas in it.
5:14
Speaker 1: We're seeing now Robin Hood going for it. Almost everybody
5:18
Speaker 1: is making a play at stable coins. Meta was kind
5:21
Speaker 1: of one of the early guys out there. And if
5:24
Speaker 1: you look at some of the people and hires, I
5:26
Speaker 1: want to show you guys something. This is Ginger Baker.
5:29
Speaker 1: Now she is the VP of product now at Meta.
5:33
Speaker 1: The difference here is this lady's background comes very interestingly
5:38
Speaker 1: tied in to the Stellar board and foundation a bank,
5:43
Speaker 1: first Horizon and then also Plaid. She spent four years
5:46
Speaker 1: over there, Plaid, a major payment processor. All right, let
5:51
Speaker 1: me bring up one other little point here that everybody's
5:53
Speaker 1: gonna focused in on, and that was head of Demand Liquidity,
5:57
Speaker 1: all right, And this was from twenty nineteen to twenty twenty.
6:00
Speaker 1: So here's the theory that you look at where Ripple
6:03
Speaker 1: and Meta may be creating some sort of intersection. This
6:08
Speaker 1: next clip that I want to get to, I want
6:10
Speaker 1: your opinion on this because Mark Zuckerberg says some very
6:12
Speaker 1: interesting things, and he's talking about these acquisitions that he's
6:16
Speaker 1: done and that other companies have done just here recently.
6:19
Speaker 3: Take a look.
6:21
Speaker 4: The thing that's complicated for us is like, we deliver
6:24
Speaker 4: our services through our competitors. Right, so Apple and Google
6:27
Speaker 4: probably you know, two of our biggest competitors. It is awkward.
6:31
Speaker 4: At some point we ran this calculation and we're like,
6:33
Speaker 4: all right, if we were able to do all the
6:34
Speaker 4: things that we thought were good, I think we might
6:37
Speaker 4: be twice as profitable as a company or something as
6:41
Speaker 4: we are now. Mostly, I honestly get more offended by
6:45
Speaker 4: like the consumer things that we just think are good
6:47
Speaker 4: that they just block us from doing just the consumers. Yeah, so,
6:50
Speaker 4: as you know, sending money to people across lines country
6:55
Speaker 4: lines is like surprisingly crazily difficult. We're not a financial
7:01
Speaker 4: services company, but it just seems like this thing is
7:04
Speaker 4: so broken that like someone needs to build a stable
7:07
Speaker 4: coin and the thing that needs to exist is basically
7:10
Speaker 4: needs to have a certain amount of scale in order
7:12
Speaker 4: to become a standard. Honestly, what you're doing makes much
7:14
Speaker 4: more sense than what we were doing, like it like
7:16
Speaker 4: it just I think these things are very DNA driven.
7:19
Speaker 4: You guys are the I think the theft about it.
7:23
Speaker 4: Last you know what you guys did with buying Bridge,
7:26
Speaker 4: It Honestly, it makes a lot of sense to me.
7:28
Speaker 4: I think it's I think it's gonna work. Good news
7:30
Speaker 4: is you have reincarnated the idea with Bridge into something
7:34
Speaker 4: that is going to do much better because now there's
7:36
Speaker 4: actually a company that is fully focused on this that's
7:38
Speaker 4: gonna absolutely nail the opportunity.
7:40
Speaker 3: Globally, we are seeing a lot of stable cooin growth, all.
7:44
Speaker 1: Right, So just to give you kind of a background
7:46
Speaker 1: on that, Bradly, when you look at what Zuckerberg was
7:49
Speaker 1: talking about. That was Stripe that they were talking with
7:52
Speaker 1: at a Stripe event and Stripe acquiring Bridge stable coin
7:56
Speaker 1: connection for Stripe payments. Meta is in a position right
8:01
Speaker 1: now that they even now he said that within the
8:03
Speaker 1: interview there is they have seen this maybe as a
8:06
Speaker 1: reincarnation of the idea of an acquisition. So could we
8:11
Speaker 1: see a potential end around here with someone like Meta
8:16
Speaker 1: going after Ripple And you look at the potential Ripple
8:20
Speaker 1: IPO valuation that's all been talked about, and you kind
8:24
Speaker 1: of compare this because this would open up two things
8:27
Speaker 1: for Meta. First of all, even Zuckerberg just said that
8:30
Speaker 1: it would double their profit if they could get into
8:33
Speaker 1: cross border payments. We have never seen that kind of
8:36
Speaker 1: volume in crypto before, the amount of volume that we
8:39
Speaker 1: could see coming in off of something like Meta. What
8:41
Speaker 1: are your thoughts about that as a move if Meta
8:45
Speaker 1: were to try to make a play for Ripple, primarily
8:48
Speaker 1: because of the stable coin, you.
8:50
Speaker 2: Know, I think just the idea of this make it
8:55
Speaker 2: all makes sense, right. I mean, whether it goes down
8:57
Speaker 2: or not, it's another matter, right, But at the end
9:00
Speaker 2: the day, we are I think what you're pointing to
9:02
Speaker 2: that sticks out to me is the is the macro
9:04
Speaker 2: trend we're in right now, which is mergers and acquisitions,
9:07
Speaker 2: you know, and whether it's Ripple or whether it's Meta
9:10
Speaker 2: targeting them or what have you.
9:12
Speaker 3: I see this.
9:13
Speaker 2: Is the moment where special things like this can take place,
9:16
Speaker 2: because you know, to the point that you were making
9:19
Speaker 2: you know, Zuckerberg was talking to Strike.
9:22
Speaker 3: I believe my memory serves me correctly.
9:23
Speaker 2: Stripe holds like, I don't know if it's one to
9:25
Speaker 2: five percent of all XLM Stellar, right.
9:29
Speaker 3: So they're definitely planning on a play, right.
9:34
Speaker 2: And I know most people may not remember, but Eli
9:37
Speaker 2: Musk comes from PayPal originally in the PayPal mafia, right,
9:40
Speaker 2: and payments, and he's getting ready to turn x into
9:43
Speaker 2: a payments platform. So you know, Meta has to have
9:46
Speaker 2: a plan.
9:47
Speaker 3: Now.
9:48
Speaker 2: If that plan involves trying to acquire Ripple, I don't know,
9:51
Speaker 2: but I do think that's what's so special about this
9:54
Speaker 2: moment that we're in. Just like Ripple trying to acquire Circle, right,
9:58
Speaker 2: It's like all.
9:59
Speaker 3: Of these things happening.
10:00
Speaker 2: Tell me the larger sign is is that this isn't
10:04
Speaker 2: turning around and going the other way. This is going
10:06
Speaker 2: exactly the way we wanted to go. The Magnificent seven
10:09
Speaker 2: is about to come into play here. They're about to
10:12
Speaker 2: bring massive amounts of crypto users that don't know their
10:15
Speaker 2: crypto users yet because they're going to push an update
10:17
Speaker 2: on everybody's pone and platform and instantly you have a
10:20
Speaker 2: crypto wallet.
10:21
Speaker 3: You just have to start using it.
10:23
Speaker 1: So, Bradley, do you you get a chance to see
10:25
Speaker 1: the community up close at these events? Do you think
10:29
Speaker 1: that the XRP community would embrace something like that, an
10:33
Speaker 1: idea that where Ripple and Meta were to create some
10:37
Speaker 1: sort of whether it's a merger and acquisition joint venture,
10:42
Speaker 1: what would do you think the community would do? Would
10:44
Speaker 1: they be for it or against it?
10:47
Speaker 2: I think they would be for it because, first of all,
10:49
Speaker 2: I wouldn't see Brad Garlinghause or anyone at Ripple making
10:52
Speaker 2: any kind of a shortfall decision, right, and whatever they do,
10:57
Speaker 2: it's going to be in the best interest of Ripple
10:59
Speaker 2: and pursuing the mass adoption of the innovation and the technology.
11:03
Speaker 3: And my mind just comes back to that, right, It's like, well,
11:07
Speaker 3: what's the best way?
11:08
Speaker 2: Because you know, what's so special about the XRP ledger
11:11
Speaker 2: besides the scalability efficiency and the cost effectiveness, right, and
11:15
Speaker 2: those things the real special sauce in there is the
11:20
Speaker 2: decentralized exchange built into the layer one, which makes it
11:23
Speaker 2: a decentralized exchange for the world, right, a New York
11:27
Speaker 2: stock exchange for the world.
11:28
Speaker 3: So in my mind, I see, I see.
11:32
Speaker 2: The goal in the vision of Ripple and the XRP
11:35
Speaker 2: ledgers use much larger than.
11:38
Speaker 3: Meta and that's a whe use, okay, But at the
11:42
Speaker 3: same time, but I mean, you know, Paul, I also.
11:45
Speaker 2: Happened to believe that we could see the digital asset
11:48
Speaker 2: stockpile used to price control digital assets that they choose
11:53
Speaker 2: by buying and selling those assets the same way that
11:55
Speaker 2: they control the price of oil globally, right, or the
11:59
Speaker 2: way they control the to registrate.
12:01
Speaker 3: Yeah.
12:01
Speaker 1: Well, and I think the key here when you look
12:04
Speaker 1: at the uptake of critical mass, because another thing that
12:07
Speaker 1: Zuckerberg said that is very important within that interview is
12:10
Speaker 1: he said scale. And you think about where USDC is
12:15
Speaker 1: right now. I wouldn't say they're at scale because it's
12:18
Speaker 1: still very limited in use. If you look at just
12:21
Speaker 1: the comparison, Ripple edges closer to making history and its
12:25
Speaker 1: twelve year journey. This is six and a half million holders.
12:28
Speaker 1: All right, so this is already critical mass and scale,
12:33
Speaker 1: especially within the ecosystem of just Ripple and XRP. Imagine
12:38
Speaker 1: what that would look like if cross border payments were
12:41
Speaker 1: enabled on meta through the XRPL and the ability to
12:46
Speaker 1: possibly use RLUSD as a mechanism for settlement, all of
12:50
Speaker 1: this would absolutely the volume would be unbelievable in comparison
12:55
Speaker 1: because of just what Zuckerberg was saying. He says doubling
12:58
Speaker 1: his profits. So can you what the throughput would be?
13:01
Speaker 3: So pretty crazy? I think you have some good stuff there.
13:05
Speaker 2: I think there's definitely a potential pathway forward for them
13:10
Speaker 2: to work in some shape, way or form.
13:12
Speaker 3: I really do believe that.
13:13
Speaker 2: And you know, to point out just something you brought
13:15
Speaker 2: up Circle for a second there. You know, one of
13:18
Speaker 2: the things I think that is interesting about Circle is
13:20
Speaker 2: that you know why the company's IPO, the IPO or
13:23
Speaker 2: general you know, broadly speaking, to raise funds in capital
13:26
Speaker 2: And just a few weeks before they announced that IPO,
13:28
Speaker 2: they said they were going to launch their own payments platform,
13:30
Speaker 2: which they don't have a native payments platform. And then
13:34
Speaker 2: I thought to myself, well, then here another week or
13:36
Speaker 2: two later, we hear about the IPO, and then we
13:39
Speaker 2: hear about the offer to buy them from Ripple. And
13:41
Speaker 2: it's interesting to me because you start asking yourself, Wow,
13:45
Speaker 2: you know, understanding Circle's business model, that if the interest
13:48
Speaker 2: rates get cut so that the president could refinance the debt,
13:52
Speaker 2: that's going to squeeze the margin of Circle leading into
13:55
Speaker 2: an IPO, So you wonder, and they don't have a
13:59
Speaker 2: payments platform, so then you start thinking, Wow, that offer
14:02
Speaker 2: from Ripple.
14:03
Speaker 3: Might be pretty good.
14:04
Speaker 2: Because all of this stems back to what I think
14:06
Speaker 2: you've laid out wonderfully here today. It's these massive platforms
14:10
Speaker 2: that have the ability to tap into this innovation starting
14:15
Speaker 2: with stable coins and then spreading deeper into crypto and
14:18
Speaker 2: getting the friction of the payments off of them and
14:22
Speaker 2: turning it into a profit making part of their business
14:25
Speaker 2: that is going to be embraced at a magnitude we've
14:29
Speaker 2: yet to see.
14:30
Speaker 1: I believe well, and I think what could be happening.
14:32
Speaker 1: We'll talk about DeFi here in a second, when you
14:34
Speaker 1: look at the banking ecosystem, and we'll talk about stable
14:36
Speaker 1: coins in the sense of the banks possibly holding this up.
14:39
Speaker 1: But to your point is that maybe we are in
14:42
Speaker 1: a dynamic shift right now where a lot of these
14:45
Speaker 1: major platforms become somewhat neo bank like that are essentially
14:50
Speaker 1: our online banks, giving out the ability to somewhat supplant
14:55
Speaker 1: what the traditional banking system is up against. Look at DeFi,
15:00
Speaker 1: and this is something that is many people would just say, well, yeah,
15:03
Speaker 1: but DeFi is not necessarily growing that fast with with XRPL.
15:08
Speaker 1: If you look at it right now, ten million XRP
15:10
Speaker 1: deposit cap now reached. Everybody's kind of going in with
15:15
Speaker 1: the idea of it, but it's still very low. If
15:18
Speaker 1: you look at other DeFi ecosystems out there, do you
15:21
Speaker 1: think this is too slow right now? In terms of
15:24
Speaker 1: DeFi four. What's happening with Ripple?
15:28
Speaker 2: I don't, and I believe that I can explain why
15:31
Speaker 2: it's happened. You know, Let's look at the most successful
15:34
Speaker 2: DeFi networks. Oh, that's right, they were never sued for
15:38
Speaker 2: over four years.
15:40
Speaker 3: Right. Yeah.
15:42
Speaker 2: If you're wondering why, you know what I mean the
15:45
Speaker 2: other networks are having a great DeFi run, it's because
15:48
Speaker 2: they were never sued for over four years, right and
15:51
Speaker 2: obviously erroneously, I believe, So you know, to me, like
15:55
Speaker 2: what people are seeing when they look at defis, I
15:57
Speaker 2: think you're just looking at a network that's coming out
15:59
Speaker 2: of a four year nightmare that should have never ever happened.
16:06
Speaker 1: Yeah, and a couple of things that are happening here
16:08
Speaker 1: obviously JEM and wallet bitfrost now coming into you know,
16:12
Speaker 1: now we'll see more decentralized finance coming in from XRP
16:16
Speaker 1: with yields, So that's an advantage. Now, this is of
16:19
Speaker 1: course our l USD. This is my other question to you.
16:22
Speaker 1: You look at this is just market cap right now,
16:24
Speaker 1: it's somewhat stuck right there, around three hundred million. You
16:30
Speaker 1: compare this to other you know, stable coins out there,
16:33
Speaker 1: even PayPal to a certain extent if you go down
16:35
Speaker 1: the ranking. Obviously tether Circle leading the pack. But do
16:38
Speaker 1: you think that is too slow in terms of growth
16:41
Speaker 1: and uptake or is it just a situation where we
16:44
Speaker 1: haven't seen enough exchanges and entities around the industry embrace
16:49
Speaker 1: it as of yet.
16:51
Speaker 3: I think that's it. I think the less your latter
16:53
Speaker 3: part of that is exactly right.
16:55
Speaker 2: We're just now getting out of this lawsuit and now
16:58
Speaker 2: everybody waiting for the actual I mean, I know a
17:01
Speaker 2: real usd's launched, but we're looking to see it get
17:03
Speaker 2: launched and massive at the tune of hidden road right
17:07
Speaker 2: and beyond. And for me, I think when you start
17:10
Speaker 2: seeing that proliferation of adoption, DeFi is going to take
17:14
Speaker 2: care of itself. I think that becomes like a byproduct
17:17
Speaker 2: of a healthy network with clear rules to the road.
17:20
Speaker 2: Legislation's been passed, and I think everything kind of serves
17:24
Speaker 2: itself at that point and it just really starts taking
17:27
Speaker 2: off like nobody would ever thought it would.
17:30
Speaker 1: Well, you got to look at the stable coin metrics
17:33
Speaker 1: over here on RILUSD and just to you know, just
17:36
Speaker 1: to show you the ledger, you know versus ethereum, it's
17:39
Speaker 1: kind of been flat, but it could open up in
17:41
Speaker 1: terms of market cap and growth. It's definitely an opportunity
17:45
Speaker 1: I think with stable coins, which leads me to my
17:48
Speaker 1: next point, and that is that remember we had the
17:51
Speaker 1: stable coin bill stall last week, didn't make it through.
17:55
Speaker 1: Elizabeth Warren was successful again to round up enough Democrats
17:58
Speaker 1: to vote no. But now what we're finding is this
18:02
Speaker 1: right here, community bankers are having a fly in this week,
18:06
Speaker 1: and this is where community bankers now are possibly to
18:10
Speaker 1: blame here to cause the stable coin bills to possibly
18:15
Speaker 1: be slowed down. And this is my theory, is that
18:17
Speaker 1: when you look at community banks, looking at where the
18:20
Speaker 1: potential growth is, if a stable coin bill gets enacted,
18:24
Speaker 1: where it really opens up, there's going to be all
18:26
Speaker 1: sorts of new whether it's neo banks, other banks, obviously,
18:30
Speaker 1: entities like you know, whether it's coinbase or even Robinhood
18:34
Speaker 1: or others out there even cracking with their own This
18:37
Speaker 1: is going to really put a lot of pressure on
18:39
Speaker 1: these banks. So it could be the last ditch effort
18:42
Speaker 1: for the banking system to try to thwart crypto and
18:46
Speaker 1: stable coins. Do you think they're going to be successful.
18:49
Speaker 3: I don't.
18:50
Speaker 2: I don't, and I think you've got it pegged perfectly.
18:53
Speaker 2: I think this is exactly what we've been fighting this
18:56
Speaker 2: entire time.
18:57
Speaker 3: I think you've got it spot on. But I don't
18:59
Speaker 3: think that they're going to be successful.
19:01
Speaker 2: And the reason I don't is actually quite scary, and
19:03
Speaker 2: it's because of the situation the US dollar sits as
19:06
Speaker 2: the world reserve currency.
19:08
Speaker 3: And I think you just look at the recent trips.
19:10
Speaker 2: Of President Trump going to the Middle East where we
19:13
Speaker 2: have the petro dollar agreement that elevates the US dollar
19:17
Speaker 2: as the world reserve currency, which also happens to be
19:19
Speaker 2: a place where we just got a license at Ripple
19:22
Speaker 2: that is clearing them for use for payments in that
19:25
Speaker 2: same region.
19:26
Speaker 3: Yeah.
19:26
Speaker 2: I don't find things to be mutually exclusive. I find
19:30
Speaker 2: them to be in cooperation and falling in line of
19:33
Speaker 2: how you're implementing a new system. I believe that stable
19:37
Speaker 2: coins are so important, and I had this to the
19:40
Speaker 2: XRP Las Vegas conference twenty four last year. I sat
19:43
Speaker 2: on stage with the honorable Christian Carlo and we had
19:46
Speaker 2: a absolute incredible conversation about stable coins, and I floated
19:51
Speaker 2: to him, I said, am I right to think that
19:54
Speaker 2: these stable coins act as a bulkhead to soak up
19:58
Speaker 2: the hyperinflated bonds that will be coming back home because
20:01
Speaker 2: of the countries that want to dump them. And that's
20:03
Speaker 2: your new use case to replace the petro dollar agreement,
20:06
Speaker 2: so we don't need the oil from another country, or
20:09
Speaker 2: we don't need to wake up or go to bed
20:11
Speaker 2: every night wondering if they're still going to honor that
20:13
Speaker 2: agreement exclusively, which, by the way, they started not to, right,
20:17
Speaker 2: So you know, so it's interesting to me when I
20:20
Speaker 2: see that, and that's the kind of conversations that's happening
20:22
Speaker 2: on XRP Las Vegas stages, right, and it'll happen again
20:25
Speaker 2: this year, and we'll have the Honorable Christiancarlo again there
20:28
Speaker 2: this year. And that's why I say that this was
20:32
Speaker 2: You know what's funny to me, Paul, is that they
20:34
Speaker 2: stonewalled this bill. The left side of the Aisle did, primarily,
20:38
Speaker 2: and they did that after being in committee when they
20:42
Speaker 2: were the ones that actually did the religions, and then
20:44
Speaker 2: drafted it through committee giving it the approval, knowing that
20:48
Speaker 2: it would get the floor vote that was needed. So
20:50
Speaker 2: it's political grand standing in my eyes. So they could
20:53
Speaker 2: just show that we don't like that Trump's family is
20:56
Speaker 2: buying into crypto before having the legislation passed.
20:59
Speaker 1: Well, you said a lot of interesting things that I
21:02
Speaker 1: think people have to follow along, and that is none
21:05
Speaker 1: of this is by chance. I think a lot of
21:07
Speaker 1: this is by architecture, whether it's an orchestra being played
21:11
Speaker 1: out right. Now, you've got Scott Bess and David Sachs.
21:14
Speaker 1: Those two guys are strategically positioned obviously for negotiating deals.
21:19
Speaker 1: And back to your point of when you look at
21:21
Speaker 1: US treasuries being bought globally, the potential of repatriating some
21:27
Speaker 1: of that now here in the United States is going
21:29
Speaker 1: to put a lot less pressure in the United States
21:31
Speaker 1: and continue to increase the US dollar as a reserve
21:35
Speaker 1: because you have a stable coin backed treasury that is
21:38
Speaker 1: now starting to open up. And imagine the number of
21:41
Speaker 1: countries that this is going to open up it too,
21:44
Speaker 1: just to be able to hold that US dollar in
21:46
Speaker 1: your little digital wallet. This is going to be fantastic, Paul.
21:50
Speaker 2: I want to give you a little scenario because I
21:53
Speaker 2: know you'll just love it. So you have ripple with
21:55
Speaker 2: the real USD right, you have XRP itself, the real
22:00
Speaker 2: USD adoption on the new digital on chain economy is
22:03
Speaker 2: going to draw more liquidity to the network, so that
22:06
Speaker 2: way there's more privileged position for XRP to start to.
22:09
Speaker 3: Make markets on the back end. And that's going to
22:12
Speaker 3: be Amazon. Right. What if what if.
22:16
Speaker 2: The government decides this technology is so good, Paul, that
22:20
Speaker 2: they say, you know what, we actually want to hold
22:22
Speaker 2: XRP in a digital asset stockpile where they can you know,
22:26
Speaker 2: contain it and sell it, but they have to acquire
22:28
Speaker 2: it in a budget neutral way. So what if they
22:31
Speaker 2: start offering US Treasury digital asset bonds for bitcoin XRP
22:36
Speaker 2: ada US domicile assets like wartime bonds, right, and then
22:41
Speaker 2: let the people buy them, they acquire the budget neutral.
22:44
Speaker 2: But better than that, the US Treasury could deem it
22:46
Speaker 2: so important, or the government could come in and every
22:49
Speaker 2: month when the XRP escrow comes out, they could buy it,
22:52
Speaker 2: issue ripple US Treasury bonds which they need to get
22:56
Speaker 2: real usd and then take the XRP, put it in
22:59
Speaker 2: the digital asset stockpile and then control the price the
23:02
Speaker 2: same way they do oil.
23:04
Speaker 1: Well, this is the thing.
23:05
Speaker 3: Yeah, that's their reset.
23:07
Speaker 1: Yeah, this is what Trump is talking about, is getting
23:09
Speaker 1: a reset even with China if you look at the
23:12
Speaker 1: reset of trade agreement. But of course China being one
23:15
Speaker 1: of the largest holders of US treasuries, all of this
23:18
Speaker 1: plays into weakening other countries into almost in a backway,
23:23
Speaker 1: I won't say it backhand away, but definitely a strategic
23:26
Speaker 1: way to get them to hold US treasuries via stable
23:30
Speaker 1: coins that are now going to be proliferated around seventy
23:32
Speaker 1: eighty countries.
23:33
Speaker 3: Maybe by year end.
23:35
Speaker 1: You know, So this stable coin bill is very important,
23:38
Speaker 1: and it's so important. I think you know. August, of course,
23:40
Speaker 1: is the deadline. We're going to be watching that very closely.
23:44
Speaker 1: We'll probably be talking about this out there at the
23:46
Speaker 1: XRAP Las Vegas event, So if you guys aren't going,
23:50
Speaker 1: you pay attention because there's going to be a lot
23:52
Speaker 1: of stuff that comes out of there for sure. Hey Brandley,
23:54
Speaker 1: it's been great having you on the show. Thank you
23:56
Speaker 1: so much for coming in today. We appreciate it. Thank
23:59
Speaker 1: you for having met all right, you guys, If you're
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