- Ripple

Is Ripple XRP A “Digital Fiat”?

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In an interesting turn of events, Anatoly Castella classifies XRP as a “digital fiat”…what IS a digital fiat anyway?!

Crypto Exchange Coinbase Forms Political Action Committee

Crypto Exchange Coinbase Forms Political Action Committee

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XRP IS NOT A REAL CRYPTOCURRENCY, SAYS EXPERT

XRP is Not a Real Cryptocurrency, Says Expert

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‘Expert’ states XRP [XRP] is a security, Ripple adopted a “wrong regulatory…

39 thoughts on “Is Ripple XRP A “Digital Fiat”?

  1. These so called experts are guys pulled off the street , dressed up and rehearsed to release FUD about XRP. These are most likely the same beggars picked up from the street and paid to queue up outside Apple stores when a new iPhone is released. lol. The so called 'experts' view should therefore be treated with a grain of salt.

    Always use CNBC as a counter signal if you want to be successful in trading.

  2. I think I decoded the Ouroboros on the USD tower in Bearable Guy's image. Ouroboros is the Prook of Stake algorithm for Cardano. I think the image is referring to Cardano !

  3. Watch what they do, not what they say. They were bad mouthing BTC while stocking up on it. The only coin to actually get an informal nod as not being a security is BTC and ETH. It is nonsense. XRP is a crypto digital asset and not a security. No one promises a return on investment nor is it controlled by Ripple.

  4. My favourite definition of the word EXPERT
    EX- is a has been
    and
    SPURT – is a drip under pressure.
    Not putting it on anyone just stating, as I’m sure he’s a true expert!

  5. I've got one for you so if this thing goes mainstream and these banks are moving money cross borders that means XRP is meant to be bought and sold within a few minutes so therefore no one will hold onto the coin. So don't you think that would affect it's price?

  6. "Fiat money is currency that a government has declared to be legal tender, but it is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material from which the money is made."

    I would argue every cryptocurrency is a fiat currency, and that's not necessarily a bad thing if the supply is capped and released into the public responsibly without tanking the market.

  7. Each government will create their own crpto fiat token XRP will move them using ILP. Once big money comes in. Bitcoin volatility will reduce and will be a store of value moving up or down due to supply and demand. Each coin will be tied to different pairings reducing the use of Bitcoin.

  8. going by what you have read that describes what a true crypto is. Bitcoin is no longer supports that Idea Bitmain controls Bitcoin. They mine more than 50% of BTC and control the voting on BTC

  9. Ripple XRP will be Number 1 SWIFT this is a problem that must be fixed $27 trillion dollars stuck in nostro/vostro accounts alone and Ripple is tackling this problem very precisely. XRP $600

  10. Great video.. alot of people are too busy hating this crypto and labeled it a bankers coin, but the fact is this tech is a game changer like you said and will get rid of this outdated tech and companies like western union, who reject to use it.. this tech brings the wealth to nations and its people who have no bank accounts or means of buying anything..

  11. The SEC knows what its going to be. Its comical and criminal at the same time that they push out a determination for BTC and ETH only. Meanwhile, the entire world is waiting on closure for the other coins, so that we can move on and make financial decisions. In reality, they are manipulating the market for a purpose….most likely waiting for the ETF decision in August.

  12. People need to read how the Government classifies a security..
    According to the Government's definition below All crypto could be a security.. By the way the SEC has not officallialy cleared any crypto yet, so far they just gave their "opinion" on BTC and ETH.
    efinition of Security

    Under Section 2(a)(1) of the Securities Act, the term “security” is defined as

    any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a “security,” or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.

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