RIPPLE XRP NEW FINANCIAL SYSTEM TIMELINE & A 3 DIGIT XRP #Finance

hello everyone and welcome back to the common sense Crypto Channel as with you always this is Rich doing another CashNews.co today on xrp so I hope you’re all having a wonderful

day today wherever you are in this great great world we’re going to talk about xrp and I got to start with this John Deon slams Senator Warren of lobbying for banks defends Bitcoin bill millionaires so Deon emphasized that less than 1% of Bitcoin and

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Cryptocurrency transactions are used for illicit purposes citing data from the UN office on drug and crime on the other hand he showed that nearly $800 billion and $2 trillion of money laundering happens through banks every year

while naming traditional Banks like HSBC JP Morgan Bank of America and Wells Fargo as the primary offenders rather than Crypto currencies and it’s good that he’s pointing that out

because most of the money laundering in the United States happens at the traditional banking system you know you see it all the time or they end up paying a small fine and then everything just moves forward but the big banks in this country have been been getting away with things far too long and

basil 3 is going to change that Caroline Ellison is finally getting sentenced over ftxs collapse I wonder what she’s going to get out of this most likely a slap on the wrist because I’m sure she also gave up a lot on Sam bakman freed as well but you know what other you know what else

she has in the chamber that she could use as leverage I’m sure she has a hell of a lot of dirt on Tether tether had a lot of ties to FTX justtin Mora CEO says Bitcoin is a national security concern for this country take a listen to this Bitcoin is of National Security concern for this country

Russia is the world’s second largest Bitcoin mining Nation countries that operate on a Bitcoin standard from a perspective of transacting and holding Bitcoin and transact outside of the sanctions environment they can transact outside of government controls if the US does not have a

substantial amount of Bitcoin mining onshore they can be locked out and US companies can be locked out of transacting their Bitcoin so strategic ownership of block space is of a national security concern and that’s why with 40% of global Bitcoin mining in the US the US must maintain dominance

not just in Bitcoin mining but also in the holding of Bitcoin Assets in US companies whether they’re ETFs whether they’re Bitcoin mining companies whether it’s

micro strategy but the US must maintain dominance Because by the same reason the US holds 40% of the gold reserves in the world they can exert influence in financial Markets they have to do

that as the world transitions to digital currencies so you could look at that as being bullish for Bitcoin on one hand but on the other hand you got to look at the fact that if we don’t remain dominant when it comes to bitcoin then they will turn their back on bitcoin they will go in a

different direction and I think this is what it’s leading up to we are pushing into a new Financial system and everybody knows it’s coming so right now they’re putting all these concerns out there around Bitcoin all of a sudden and at the same time you have Michael sailor hyping

it up something is wrong there I just don’t know exactly what it is and even the SEC warns of Bitcoin and ether ETF risk labels Bitcoin eth highly speculative Investments and people wanted an ETF for xrp I said we don’t need an ETF for xrp it’s not going to help

the price of xrp and even the Bitcoin Maxis think that the ETFs hurt Bitcoin more than they helped they still think that Bitcoin would be at an all-time high right now if it wasn’t for the

ETFs and I think they might be right because of this right here black rock may not have onetoone backing on their Bitcoin ETF and coinbase is playing their game transactions are recorded

offchain and in cash all that Bitcoin is fake US dollar and you see it coming from coinbase themselves so this means they can borrow Bitcoin from coinbase to short and are not required to show any proof they hold one to one there’s also a 2 to 30day settlement all settlements are done in cash

so I think black rock is manipulating the price of Bitcoin and I think a lot of Bitcoin Maxis would agree with that and that’s why I’m saying Black Rock got involved in this space at the perfect time for a reason because this is what’s actually coming former Goldman Sachs

executive says central banks are dragging the dollar just long enough to bring in a new system that consolidates all the world’s money take a listen to this for many decades the dollar has been the reserve currency and uh the system is what I would describe as long in the tooth and the

central Bankers are trying to bring in a new system but it’s not ready to go yet and what we’re we’re in a period of great change in uncertainty where the central Bankers are trying to keep the dollar system going and accelerate so they’re trying to lengthen the dollar

system and then they’re trying to accelerate bringing in the new system so uh I describe the system is the end of currencies so it’s we’re not bringing in a new currency we’re essentially bringing in a new transaction system that will be all digital and essentially end

currencies as we know them so it’s going to end currencies all together is what she’s saying and that makes sense like I’ve been telling you all this time something is propping up the system there’s no way we could just keep adding more and more Debt and it

makes sense that they’re dragging out the dollar as long as they can while they’re accelerating into the digital age remember I kept telling you things are really picking up speed all of a sudden it’s noticeable at this point key Regulatory and Industry initiatives are driving

payments transformation so if you really want to know when the new Financial system is going to go live here’s your cheat sheet right here cuz you see they talk about MAA digital ID framework Works confirmation of pay new payment architecture and they show you everything is supposed to be all

completed by 2026 that’s why I said if I had to put a time frame on this you it’s going to happen sometime mid 2025 to the end of 2026 it’s going to be one long transition period where you start to see every single country going live with acbd C almost like an overnight event and

crossb payments at that time with Swift and ripplet Real Time payments things are going to be picking up a lot of momentum so at the same time we’re going to have an old season and I think we’re going to watch utility start to drive the price of these

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Cryptocurrencies you see why I’m so freaking bullish about xrp all the time and xlm and these utility driven text-decoration: none;">Crypto currencies because I see it coming now it’s clearly right there in front of you you want to get to a three digigit xrp most likely it’s going to happen at some point in 2025 and look at what’s going on right now Bank crisis Alli warns of consumer

defaults JP Morgan warns of recession Goldman Sachs is heavily leveraged on the wrong side of the Yen carry trade and n CashNews.co so you see it right here nothing looks good for the banks and Mike Chrisco put this into perspective what happened with basil 3 that meeting that happened today when

the banks become IL liquid on October 1st the FED is not going to save the banks the FED will let the banks collapse before it lets the dollar hyperinflate there’s not going to be any bailouts this time around now you see why the FDIC was talking about bail-ins cuz the FED doesn’t have

a backup plan this time maybe they print some money to get us to the election that but that’s the best you can hope for coming from the fed the US Banks aren’t basil 3 compliant by October 1st the rest of the world will not recognize the dollar as a medium of Exchange Trade either way

it’s going down and basil 3 is not slowing down either they’re not going to make changes for Jamie Diamond at JP Morgan and that’s why I said I could see why JP Morgan teamed up with neem because of this right here take a listen one of the things we all have to remember is that

the value of a token over the long term is really going to be drived by its utility what problem is it solving how big is is that problem how many customers do you have there’s no question there’s a lot of hype in this system and I don’t actually think that’s a good thing

for ripple we use this digital asset called xrp to settle to to settle Liquidity needs between Banks so today there’s $27 trillion parked at different banks around the world so they can make payments between each other our view is you can use a digital asset like xrp to do

that in real time because xrp has been so efficient it settles a transaction about 3 seconds compared to hour pass through that currency for that period of time that’s correct and that is what JP Morgan needs that on demand Liquidity every one of those banks are going to need

xrp and I think this is going on already in the background I think Ripple is most likely already tying in with a lot of the US Banks because the SEC case was meant to do one thing slow Ripple down down until the right time and I think the right time is here it’s going to happen over the

course of the next couple months things can change very fast with the banks once the elections are done and everything’s done and over with I think we’re going to be facing a lot of big problems because I think everything is just being propped up you could see it even the FED all of a

sudden with all these numbers with in Inflation and everything else those numbers are madeup numbers nobody’s believing it anymore the FED unlikely to cut rates by 50 basis points at any of its three remaining meetings this year say 54 of 71 Economist so a lot of people are

saying the FED might not cut rates that’s not good we want a rate cut because I that would be great for Crypto the problem is a great cut also puts us in Jeopardy of more

Inflation at the same time so you got to weigh out the two no matter what we’re going to watch Crypto start to take off either way the SEC view on Sab 121 Remains the

Same the SEC under Biden Harris will continue to prevent Banks from the digital asset sector through this unlawful act now I have a theory for Sab 121 I think the SEC is doing this right now because there’s no regulations yet so they don’t want the banks getting involved with digital

Assets yet until they clear the road in other words they want to put regulations in place get rid of 99% of Crypto and then what’s left they will pass Sab 121 and allow

the banks to work with that handful of Crypto currencies I think the SEC has been dragging this on for that purpose alone because everything is going to be centered on the

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Cryptocurrencies that are ISO compliant the people on X all those retail investors will tell you ISO is nothing but ISO there’s only a handful of compliant

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Cryptocurrencies for a reason why do they need to be compliant at at all if ISO didn’t matter it matters and it’s going to matter a lot over the coming months as we watch the banking

system fall apart and banks are starting to get involved with xrp and xlm the trade wait until trade digital trade amps up all around the world xdc is going to move all of that trade money q&t is also getting tied in as well because q&t is going to be like the glue holding the entire new

Financial system together beyond that you’re going to have H bar as a major player algo Iota you see it happening already and we’re only seeing the tip of the iceberg could you imagine what’s going on behind the scenes but absolutely a new system is coming I think it’ll be

completed by the end of 2026 before 2026 though xrp is going to make some a lot of different price moves in my opinion I think we’re going to see $27 initially then may be a pullback unless utility starts kicking him but three digits most likely sometime next year I think we’re that

close but until it happens stay patient stay positive and let’s get rich together with that said I’m going to wrap up this CashNews.co I want to thank you all for watching I appreciate all of you I’ll see you in the next one have a great night