Thinking Crypto
@thinkingcrypto·193K subscribers·4.2K videos
RIPPLE CEO CNN INTERVIEW Takeaways - XRP Utility Increasing - US Crypto Regulations - Ripple Amazon
Posted
February 17, 2020
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February 17, 2020
5,422
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Part 1
- Great overall exposure for the crypto market! NYSE, CNN etc!
- Regulatory Clarity will get better globally! U.S. regulatory clarity possible this year!
- Brad & Ripple meeting with regulators and banks at Davos and around the world.
- Last week did $54 Million in XRP flows into Mexico - 7.5% of all flow from USD to Mexican Peso. Growing quickly!
- Working on other corridors - a lot of demand! Some markets need regulatory clarity. India has been a challenge because of lack of regulatory clarity.
Part 2
- China leading crypto industry with Bitcoin & Ethereum mining.
- Says it’s good and healthy for Crypto market to have Central Banks building CBDCs - leveraging the tech.
- Central banks can use the XRP ledger since it’s open source.
- Customers focused on are Commercial Banks, Payment Providers, looking into other types of customers. Analogy of Amazon as a book store first then expanded into other verticals.
- CBDCs still need bridge asset like XRP
- pretty much says Novogratz is not educated about XRP - LOL
Part 3
- Confirms he is invested in Bitcoin once again. Says Bitcoin’s utility sucks but it’s use case is Digital Gold, a store of value. Believe’s value of Bitcoin will go up.
- As XRP has utility in what Ripple is doing and people using it, Coil, Forte etc, will go up in value.
- Not gonna be one winner in the crypto market - multiple winners because different coins solve different problems. Views Bitcoin as a non competitor! Stop throwing stones!
- Hopes Ripple is like Amazon in 5 years!!
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Disclaimer - Thinking Crypto and Tony are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice.
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