Ladies and gentlemen, in today's video, I'm very excited to show you guys a very deep rabbit hole that we are going to be diving down together that talks about FedNow, Ripple, XRP, and all of the intricate connections between all of these different government agencies and XRP that already exist and many new ones that are also being formed. This is really cool. There's an awesome in-depth analysis that we're going to be covering really quick before we get into that. I do want to quickly address something that's going on between the XLM and XRP community due to some stuff that's been happening on X. If you weren't around for it, basically something that recently happened is the Stellar Builders X account went after XRP, essentially saying that they're focusing on lawsuits instead of development, when that very same building group on Stellar XLM was, of course, funded mainly by the XRP ecosystem and XRP holders.
which was obviously a really bad move. And so this has sparked a lot of debate between the XLM and XRP communities. And so I decided to kind of put out my honest thoughts and feelings about the situation and what I'm planning to do moving forward just as a result of not just that, but also a lot of other things that I've kind of been waiting to speak on.
It just feels like a good time. Basically, today, I've decided to convert all my XLM into XRP. And There's a few reasons why I decided to do this. Number one, from a fundamental standpoint, I don't see any value in XLM that XRP doesn't already offer. The project is essentially a fork of XRP as it is.
And the founder of XRP and the founder of XLM, Jed McCaleb, he has since moved on to other things. He's not even actively working on XLM at all anymore anyways. He made his billions of dollars off of XRP, which by the way, he sold all of his XRP. And that ended in about 2022. And since then, you know, he's kind of moved on with his life and he's now starting some kind of space agency program thing, basically a startup for building space equipment. There are also other cryptos doing what XLM does, but better.
I disagree with the XLM founders political alignment. This was, of course, referring to Chris Larson donating $10 million to Kamala Harris. I don't agree with that.
So I don't want to support a cryptocurrency that is essentially supporting someone I do not. like in any capacity and also i disagree with the xlm founder essentially dumping all of their xrp bags continuously now both chris larson and jed mccaleb have of course sold a lot of xrp which has resulted in negative price action for xrp as i mentioned earlier jed mccaleb has officially sold all of his xrp but nonetheless it did cause a lot of damage to the xrp community considering that we had the sec lawsuit active at the same time it just all around left a really poor taste in my mouth so Why would I support XLM who has done all of these things that I fundamentally disagree with and put funds in XLM when I think it personally deserves to all be in XRP, especially following the latest statements from that stellar building organization? Well, the answer is quite simple.
I'm just not going to have any more funds in XLM, and I don't really see any reason to do that. Now, if you guys still hold XLM, I fully respect your decision. I just want you guys to understand why XLM is not going to be something I'm going to be talking about. Thank you.
in the future. I'm just going to be focused on XRP, HBAR, and a lot of other cryptocurrencies that I really like. And this is my reason for doing that. If you still hold it, I respect your decision. I'm just going to leave it at that.
So now I'm going to give you guys what you've all come for, okay? Some really interesting things that are happening with the US government and XRP. 27 out of 37 FedNow certified service providers are Ripple partners or are partnered with Ripple partners.
Fed now aims to integrate 10,000 banks and institutions, and Ripple, an XRP as a result of that, will be benefiting from this partnership. So just a couple examples of some current interconnected partners with Ripple is, of course, SBI Holdings. Participants of RippleNet, which use distributed ledger technology, DLT, can directly connect with financial institutions with a single APY.
and instantly and reliably transfer money in more than 40 currencies to more than 70 countries sbi holdings has 240 subsidiaries alone to help them do this and of course they're extremely bullish on xrp We can see back in 2023, FedNow provides a list of 57 early adopter organizations, including financial institutions and service providers, that have completed certification in the FedNow service. This has now grown to over 142 providers and over 1,216 live participants with the aim of reaching 10,000 banks and institutions. We can see they said, This group of early adopters is now performing final trials runs on the service to confirm their readiness to support live transactions over the new instant payments infrastructure. The early adopters include 41 financial institutions participating as senders, receivers, and or correspondents supporting settlement, 15 service providers processing on behalf of the participants, and the U.S. Department of Treasury.
Okay, so it also involves the Treasury. In addition to the initial adopters, the Federal Reserve continues to work with and onboard financial institutions and service providers planning to join later in 2023 and beyond, as the initial step to growing a robust network aimed at reaching all 10,000 U.S. financial institutions. Now, we can see, although some of the banks listed have ties to Ripple with direct or indirect partnerships, I really wanted to focus on the certified service provider section in the link slash pic below.
The companies who provide the software or treasury systems these banks run on. Of course. Ripple, XRP once again.
Number one here, we have US Faster Payments Council. Ripple is an advising member of the council. And two, we have Faster Payments Task Force, which lists Ripple under the Faster Payments Solution Proposals.
And we also can see ACI Worldwide Corp supports 9% of global SIFT traffic and 30% in the US. ACI also supports real-time schemes around the world, meaning that any bank can use real-time payment systems to support SWIFT. fin gpi dlt eg ripple wire and immediate payments notice how ripple is synonymous with dlt to them it doesn't mention bitcoin or ethereum as viable options but it does see ripple's technology as something that can of course help in this regard so it is all interconnected and i gotta say pretty crazy stuff but that's not even close to the end of it we also have alacrity which partners include the clear clearinghouse compromised of a lot of ripple partners you AWS, which is of course another Ripple partnership, and US Faster Payments Council, which is in collaboration with Ripple. Partnered with Jack Henry, and of course, we can see there's more connections on this link right here. We'll go over that in a little bit.
But Aptis Solutions is partnered with US Faster Payments Council, which Ripple's an advisor on, and partnered with Jack Henry, which of course, once again, is connected with Ripple. BNY Mellon is the head of digital assets, leaves to join Ripple. Ripple submits a proposal to help them ICO their own coin.
which we can assume they would have run on the XRPL. Okay, so yeah, I mean, you really can go through this list yourself. I'll actually leave a link to this tweet down below.
Here is an image basically kind of just showing you guys all of the connections with organizations that are either directly or indirectly associated with Ripple. You can see there's the receive only, send and receive, receive RFP and liquidity management transfer. and all of these organizations that you're seeing here are using ripple the ones of in green are pretty much doing them all but yeah these are all examples of ones that are using ripple services for one thing or another which is absolutely absurd lots of big names there the connections that ripple has and the web that they've spun is absolutely monumental i just want to remind you guys that fed now is absolutely massive and it plans to be the go-to solution for everyone in the world but With the current administration, Trump in office, and the close ties that Trump does have with Brad Garlinghouse and Stewart, and of course, just the Ripple team, I do expect that Trump is going to try to abolish the Fed, which will essentially allow XRP or Ripple to fill this void that Fed now created.
And it's going to be a more decentralized entity that is going to be managing it and not some private company like, of course, the Federal Reserve, which is essentially what it is. who I think the public doesn't trust anymore. Trump also doesn't trust the Fed. And so I do think this is a great path forward and something really bullish for all XRP holders, considering we already have the infrastructure in place to make this a reality.
I'd really love to know your thoughts about this breakdown. Please let me know your thoughts down below in the comments. And while you're down there, make sure you also sign up to BTCC to get your 10% bonus on first-time deposits. Of course, also you'll get extra bonuses up to $10,000 and 40% lower trading fees. So get yourself some XRP on BTCC on your boy, and I'll see you guys very soon.
Peace out.