XRP ecosystem asset up 37% on Google News, XRP Holders AIRDROP CLAIM READY, 600k Vanguard Apologies

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Uh when this podcast goes out uh we will have announced probably the most exciting institutional uh infrastructure provider which is Google joining us as Google Cloud joining us as a validator and a data provider so providing data on the network and taking part in validation uh this is really very

Exciting to us as the network for data to have Google cloud joining us uh as as I’m sure everyone on the podcast knows Google is probably the preeminent Data Business in the world hey hey everybody it’s Eddie from Tokyo this is your cryptocurrency update from Japan and that’s Hugo filon from flare networks

And look at flare surging nearly 37% on the 24hour the xrp community is so dang lucky this news broke in the media followed by Tony from thinking crypto he uploaded his interview VI which is where that clip came from flare is very much part of the xrp ecosystem and other

Assets like Bitcoin and Doge that do not have Smart contracts have a listen so I want to maybe go to the very basics for those who are maybe now learning about flare uh you know maybe they’ve come across this podcast so uh can you tell me which assets are uh

Supported you mentioned Bitcoin xrp are there other and what does it allow you to do so we’re starting with xrp uh then we’ll be adding Bitcoin the community and us you know together probably through governance process we’ll figure out what else to add uh obviously I want to add Dogecoin I’ve mentioned that

Before remember that the F assets is only for non-smart contract assets so F assets is a trustless way to bridge non-smart contract enabled assets like Bitcoin like xrp like Dogecoin like Litecoin onto flare uh and it it’s a collateral based system so that it remains trustless as opposed to trusted

Meaning that there’s a you know a massive penalty for misbehavior in the system unlike unlike existing say multi multier Bridges this smart contract capability of flare brings defi to life I’m talking defi in a big way like staking liquidity pools swaps even payments xrp is going to have a big year

Of defi in 2024 we see some of that coming to life even with futur verse futur verse has the root Network that is bridged to The xrp Ledger um what am I able to do with that asset is it lending borrowing uh what else so Flair’s expanding as defi

Blockchain uh we announced a couple of weeks ago partnership with a a lending protocol called kinetic uh you can see them you know in the flare timeline uh they’re called kinetic markets uh they’ve they’ve built previously they’re part of something called Rome blockchain Labs they’ve built previously several very very successful lending protocols

Probably the most successful is the Banky lending protocol on Avalanche uh so it’s the same team behind that but obviously building bespoke for flare using our data oracles from the FTS so you know lending Dex swapping lping indexes I think you know simple stuff like transactions cheap payments particularly relevant for something like

Bitcoin um you know that’s important it’s nice to see flare make this big step new blockchains just don’t build overnight and the fasset is going to drive the use case of the digital asset xrp big time we cannot rely on Ripple to build demand a blockchain with a 100

Billion assets needs more than one use case use case drives demand demand impacts Supply limited supply high demand equals nice price action as a builder I think that you know I contribute one of the biggest reasons why the xrpl has such low participation in comparison to with the amount of

Holders is because of this idea that’s perpetuated that like you hold this xrp you hold it away and then you know one day it’ll be worth $10,000 each one right the the the problem is is that no one is using their xrp and like that’s how did ethereum grow how did BMB grow

How did salana grow because people were using the ecosystem you know over and over again with with the token right so um you know we’re not going to see that sort of increase and and and you know even increase in price on xrp until people are actively using it until

There’s reason to use that xlp right so why is the market responding so positively with this news well Google will be validating new blocks to Flair’s blockchain in a newly defined role by Flare have a listen to Hugo continuing to explain we managed to convince validators to do something they

Generally haven’t done before uh and that is to be data provider flare is the the network for data and what’s really important to us is that we have a very decentralized Network or as decentralized as you can Poss as as we can possibly get that delivers high

Quality data and so the validator role is not just being a validator it is a merging between validator and data provider in order to run a validator and get rewarded for it you have to run a data provider and so so we basically went to those institutional validators

Like Anor and and the others you mentioned uh and and we said you know look we’re building the network for data uh we think that you could you could excel in this role um we would welcome having institutional data providers on the network and um you know it we

Basically got them to change to a reasonable extent their business model to not just do validation but also to do data provision and and this speaks I think to the support that we’re getting as a network for the vision of being the network for data just like the flare token that was

Aird dropped to all the xrp holders who prepared the ever’s token airdrop is complete for the registered xrp holders the final step to collect your Evers is now available from to today you can sign in with your Zam or Zaman wallet you then poke the airdrop and sign the

Invoke event in your wallet and voila there they are and should you wish to operate an Ever node node bit true has listed the ever token so that you can acquire the 500 minimum to start and another thing that’s entertaining me right now is Vanguard they have I guess received

600,000 messages how could that be these are customers who are threatening to move their accounts because they’re so unhappy with the stance that Vanguard has taken against the Bitcoin ETFs this is really funny what doesn’t make sense as uh it’s pointed out in this posting

On X is that vanard has taken an 8.24 position in micro strategy but yet they’re not going to touch the ETF this just doesn’t make any sense at all I predict they’re going to change their stance or they’re going to lose a lot of customers and as of today the daily pass

Is now available for the xrp Gold Coast 2024 which takes place in March on the Gold Coast of Australia yeah and we have some surprises in store for you watch the speaker lineup because we aim to surprise shortly all right everybody do take care sign hour for now bye-bye