Breaking XRP Backers US-Japan & China HashKey WanXiang Blockchain Ties, New ETFs SLOW, Flare FASSETS

Breaking XRP Backers US-Japan & China HashKey WanXiang Blockchain Ties, New ETFs SLOW, Flare FASSETS

uh there’s about 14 ETFs that have hit
the market today from three different
issuers uh those issuers are China asset
management company Harvest Global
investment and hash key exchange you can
see the countdown has
started r e
[Music]
hey hey everybody it’s Eddie from Tokyo
this is your cryptocurrency update from
Japan and that was the first
announcement of the spot Bitcoin and
ethereum ETFs that began trading on this
day Tuesday in Hong Kong total volume
was only about $100
million now you compare that to the
United States where the first day of
trading the volume was 4 5
billion now Asia has a much larger
crypto user base than anywhere in the
world larger than the US and Europe
combined but remember China mainland
China is still not able to trade I will
keep watching the volumes moving right
along now hang in there because this is
going to take a few winding roads Ripple
announced a new partnership with SBI
Japan and the hash key group hash key
the group has widespread adoption in
China which has its own blockchain
powered supply chain Finance solution
already 4,000 companies 23 Banks 4,300
suppliers with a total trade of 7
billion
USD and the finance component of that is
nearing three billion hash key Global is
massive they have capital of course and
an exchange which was by the way one of
the first three issuers of the Hong Kong
ETFs today they have brokerage they have
Cloud tokenization nft OTC did which is
your digital identity and more hash key
has two operations outside of Hong Kong
one in Singapore and then one in Tokyo
and for Tokyo it’s this hash key DX that
is going to provide the technical
support to help get that new software
solution off the ground on The xrp
Ledger they’re experts in planning
system designs development and
maintenance
operations hash key has a list of
trusted partners that may catch your eye
like juzang blockchain I think think
many of you have been following eth gate
recognize that from
prometheum there is ketsu capital they
backed link to Alibaba Cloud which is
the new future verse partner and of
course archex which is really the
company behind the latest Black Rock
ETF I knew it wouldn’t take long Cowboy
crypto spotted prometheum that raised 12
million from hash key digital asset
group back in
2018 so it’ll be interesting to me to
hear the channels who have gone very
deep into eth gate and promethium what
their stance will be on this partnership
my guess is they’re not going to address
it at first now Yen Mubarak asked if
Ripple was now developing a solution for
the supply chain finance that will
directly compete with the xdc
network in some ways yes I think now
this is my opinion it looks like a form
of loan credit funding of receivables
for Enterprise clients on The xrp
Ledger what you probably have noticed is
the big players I’m talking the serious
big players that are dominating and
starting to absolutely control this
space all right I’m moving along this is
something I just couldn’t believe my
eyes when I saw this letter from Ripple
to Scott Chamberlain of
Evernote it was a reply that he was not
chosen to speak at Apex this year and it
went on to say towards the end we ask
that you do not register for Apex unless
you have a manager approval
you can imagine how shocked I was but I
later found out that Hazard cookie a
developer Advocate at Ripple said that
this was a mistake that it’s a line left
over from the email that was sent to
Ripple
employees wow not a good
mistake we’re going to finish this video
with something very cool that Hugo has
his eye on for data coming from the
Bitcoin blockchain and then also
somebody who’s working very hard to make
the user interface for f assets very
easy to use all right everybody do take
care sign off for now
byebye so we’re shipping all our data
protocols this year uh and our two
Bridges one for non-smart contract
tokens and One S uh smart contract
tokens I think um you know come and have
a look at what we’re doing one of the
areas that I’m quite interestedly
talking to Dan about recently uh got a
new gig um was you know what we can do
with Bitcoin data and what products can
be both like data from the
decoin the flare Community is a big deal
for us we have a really amazing engage
supportive Community um in so looking at
their expectations and hopes around what
would be
and what they would need um in the
product was priority number one um
shortly after that we’re looking at
expanding beyond the existing flare
community so what would people want to
know who are web 3 native who aren’t
familiar with Flare or F assets so
making sure that we had materials for
them to understand what it is why they
would use it and how it works and then
we also had a lot of deeper discussions
with the documentation team at flare um
refining what information belongs on F
assets itself versus what kind of deeper
dive questions uh belong in the
supporting
documentation um so we’re looking at
what we kind of landed at is the things
that are on F assets are things that a
first- time user is going to want to see
um and then when you go through the um
minting and imp pools flows themselves
what are the things that you want to see
each time you complete a transaction so
we’re thinking about transparency when
you complete a mint flow we show eight
different statuses as your funds are
being transferred so we’re super
transparent and it’s also really clear
um where you know what things are
happening and and what’s going
on um also the collateral pools is a
little less um technical to use than
minting um so collateral pools are a
nice way for someone who might be a
little bit newer to participate um and
earn rewards and then once they get more
comfortable then they can move and to
mtin whenever they’re ready

#XRP #bitcoin #Ripple #Blockchain #web3 #hashkey

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