XRP + Axelar INTEGRATES 64 CHAINS, XRP Talk in DAVOS, Japan YEN, USDT Completes AUDIT, FLARE + AI

XRP + Axelar INTEGRATES 64 CHAINS, XRP Talk in DAVOS, Japan YEN, USDT Completes AUDIT, FLARE + AI

hi my name is Eric Van melenberg I am the um senior vice president of strategic initiatives at Ripple um and I’ve been at Ripple for just a little over seven years having a variety of roles around the time and I agree dog years uh is uh an understatement in terms of what’s happened over that period of time Ripple is a company that provides um blockchain and crypto solutions for Enterprises uh we started off our sort of insertion point is around payments so certainly very relevant to this conversation but we really see that as our first step of providing a a sort of portfolio building blocks that allow us to help Enterprises unlock the power of blockchain for their particular use case hey hey everybody it’s Eddie from Tokyo this is your cryptocurrency update from Japan and that was Ripple’s senior vice president in Doos two months ago we’re going to hear a little bit more from him in this video but as you see payments were just what they started with and ripple is not going to end there now if you take a look at the market you can see it really wants to go into the green Bitcoin sitting at 63,0 452 at the time of this recording Yen Watchers ask where is Japan as the currency losses accelerate the currency fell to a 34e low against the dollar and tomorrow we have a public holiday which could cause some sharp moves in either direction the bo J or the bank of Japan is seemingly reluctant to intervene which fuels the Yen Jitters Goldman Sachs points to further Yen weakness but as deutche Bank Global head has said the decline isn’t necessarily that bad for Japan it’s not causing inflation that we haven’t had really almost zero inflation and it’s pushing up the value of overseas assets that are held by Japanese investors so the investors really love it and this morning as I posted that many forget the week Yen has a blast of benefits to the economy exports are the quickest recipients I’m talking cars steel Precision Parts integrated circuits and then you have the big employee bonuses The increased hiring and don’t forget the big money from the SM that’s the small and mediumsized businesses with increased tourists so there are so many people that benefit in Japan domestically from this low week level today I had a little bit of time to research this partner that was announced back in February and I’m very excited about this it’s coming to The xrp Ledger and at the time of the announcement they had 55 connected blockchains and now that’s with 64 different blockchains so xrp Ledger which is a non- evm chain it’s going to have an integration with all of these chains in 2024 along with Solana suie and stellar and the use cases and partners are quite interesting usdc for tokenization real world assets and defi AP Morgan and Microsoft for the HELOC those are the loans that you see that Ripple is actually testing in Hong Kong right now and centiflor network and the volume is over 8 billion with 665 interchain contracts with Microsoft and MasterCard as being their two big Partners there is a lot of attractive opportunities moving right along I want to point out a post from Jungle Inc just a few hours ago he asks so would it bother you if a YouTuber had an undisclosed Ambassador agreement with ripple and part of that agreement had terms against speaking bad about the company or its services while 74.9% feel that they would be bothered but I’m so surprised that 25 % would not feel bothered at all and I would say so let me give you an example now Ripple is chasing money and chasing money is a nightmare for business owners since January we have learned that trango their payments partner one that was doing a fair amount of odl has become well behind in payments and they were put on a schedule for 2024 you can see in February they were to pay 100,000 and then March and then you can see the April May June July I imagine if an agreement did exist like that then probably you wouldn’t hear those influencers talking about a subject like this and I’m sure that Ripple feels terrible having to chase it from trango since they invested 40% in their company in the previous agreement went into effect in January a portion of that was deleted in its entirety and replaced with the following so they’re really getting it down to a very tight window in which they are going to be notified of a payment so every Monday and Wednesday the company will invoice the purchaser that is triango for the total xrp withdrawn since the last invoice was issued in US dollars or Singapore dollars equivalent together with the applicable on demand service fee with respect to a withdrawals made on behalf of purchaser that’s triango so you can see they’re managing a wallet and The xrp Ledger they they let them dip into that and then they are invoiced and also the withdrawals made on behalf of the thirdparty ripplet cloud customer the RNC customer invoice and for the avoidance of doubt this is kind of funny the company will provide the purchaser which is trango with two separate invoices for each invoice and will state the period covered Durk from expor posted today that there are several types of key opinion leaders in the space oh he’s so right there is quite a range and he goes on to say that it’s very tempting to follow the people that provide a narrative that gives View the feeling you are on the right side and you will become a millionaire by following their advice history has proven that this is a very dangerous path to follow here’s an example in the last 48 hours of an influencer that I gave the information to where they could find the remedies reply from Ripple to the court in regards to their use of us D tether for those corridors in the United States and still he doubles down and puts out another video One does have to have an unconventional mentality to cope with this space it wouldn’t be so bad but so many of the comments were people who believed that this was a fake document so there’s some lies going around that Ripple is using USD tether total lie you have somebody by the name of xrp proponent crypto Ary who claims to have a note uh what is this uh internal Memo from Ripple that’s total BS that Ripple’s using tether no see the Ripple Network here’s the customer list here’s what crypto ay doesn’t have the Ripple customer list this shows how they’re not using tether they’ve never had to use tether this list is from 2014 so crypto are has no effing clue what she’s talking about she don’t have original anything she has a fake Memo from Ripple I’ve got the original 2014 customer list this is how Ripple moved the money all around with these little tiny companies it was bottom up okay that’s how it was done and uh there you have it the xrp has been used for 10 years they’re not using tether and that’s dumb crap I’ll see you at 6:30 a.m. Pacific Time on YouTube as many of you know that I have taken a contrarian view to most when it comes to tether and Mickey B fresh points to the 1 of April tether went through an audit marking the initial phase of achieving the highest level of security compliance an organization can demonstrate tether which is overwhelmingly more profitable and Wealthy than any crypto firm and most banks by earning a massive 2.8 billion in profits in Q4 of 2023 it has a $62 million per employee and it ranks 22nd in the largest holder of us treasuries and ripple has been using usdt for multiple purposes outside of the US now I really would like to get to know from Mickey what kind of use cases they have use that for because I don’t have that in front of me point is you really need to keep up because in the last 12 months there have been a lot of changes with tether and now jumping to the flare ecosystem I want you to listen to Hugo just for two minutes and 45 seconds he spoke in Dubai and he’s talking about consensus learning he believes that AI is a bigger use case for blockchain than Finance listen carefully this will tell you flare networks is on to something Tesla Uber Google and Mercedes all have self-driving systems all those systems are trained on their own data sets that are in some way proprietary each of their data sets holds specific information and more importantly lacks specific information unique only to their data set they then have a model or a set of models that they have optimized to their data set each model has Insight based on that specific data set and faults again unique to their data set but if we can take all of these models and all of this data and come up with a combined model that screens out the lack of information of each data set and the specific faults of each model then this results in a higher accuracy model that results in fewer accidents therefore making a self-driving model more useful but there aren’t currently good incentives for them to share and to collaborate neither centralized learning nor distributed learning nor the existing projects in Ai and blockchain give these companies a safe method to collaborate to generate a system that benefits them all and facilitates the widespread introduction of autonomous driving this is because their data would be essentially obtainable by each other their models would be obtainable by each other and they likely don’t trust each other not to insert bad inferences as in to be an malicious actor this problem is widespread in Ai and it applies from autonomous vehicles to health care to finance to drug research large language models and the rest the models are trained on data that is incomplete the models have a lack of knowledge and combining those models combining essentially combining that data would create a better product well consensus learning provides a mechanism to correct this but most importantly without those entities sharing their data without sharing their models in the presence of malicious actors and it allows them to get to better inferences to reduce the risk of AI which furthers the utility of artificial intelligence this is why I believe that blockchain goes mainstream with AI this is why I believe that AI presents a far bigger use case for blockchain than Finance thank you I’m going to let Eric Van miltenberg take this video out and until next time do take care sign our for now byebye um it really was about trying to form a a better messaging system sort of something that that updated the the Swift approach in leveraging cryptography and and blockchain Technology to make that real time to sort of address some of the challenges that are inherent with a system that’s been around for 40 or 50 years um that didn’t involve cryptocurrencies that didn’t involve really solving the liquidity challenge associated with with with crossb payments but over time as our customer base got more comfortable with that the technology and saw the opportunity and saw that we were able to abstract the complexity away and really just deliver the benefit they were seeking we then sort of um went to this next step which was addressing liquidity by by leveraging a digital asset in our case we use one called xrp as a bridge currency between uh really a Fiat transaction so from the end users perspective they didn’t really understand or need to understand that that the crypto was involved all they saw was faster it was cheaper it was more reliable it was available 24/7 so all big improvements on what was happening before [Music]

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