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What is Ripple? (XRP, IOUs, Gateway and Validators Explained) 

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Start trading Ripple here: bit.ly/3ujZdgT
The banking system today uses slow and outdated systems in order to transfer money (i.e. value) around the world. Ripple aims to create the Internet of value called RippleNet - a set of unified rules helping the financial sector use 21st century solutions for fast and scalable transfer of money.
Ripple has two main forms of transferring value - IOUs and XRP. IOUs are representation of debt and can be issued for any type of real world asset. XRP is RippleNet’s native currency which can be used to transfer money quickly around the world.
That’s Ripple in a nutshell. If you want a deeper explanation about Ripple and XRP keep on watching the video, here’s what I’ll cover:
0:42 - The issue with bank transfers
2:34 - Ripple in a nutshell
3:26 - How RippleNet works
4:42 .- RippleNet currencies (XRP, IOUs)
4:57 - IOUs
7:10 - XRP
11:53 - Is Ripple centrazlied?
14:30 - Conclusion
For the complete text guide visit:
bit.ly/2GqnmNX
Join our 7-day Bitcoin crash course absolutely free:
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Learn ANYTHING about Bitcoin and cryptocurrencies on our RU-vid channel:
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Still have questions? Leave us a comment in the comment section below

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29 сен 2024

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Комментарии : 736   
@clarencealger8380
@clarencealger8380 4 года назад
I understood more from your first 3 minutes than my 1 hour reading 5 different articles! I love your format of explanation, thank you!
@ryanjburdick
@ryanjburdick 4 года назад
It's pretty simple. Invest in it. Unfortunately I actually started to pay attention in December 2017.
@ryanjburdick
@ryanjburdick 4 года назад
The fact is it's 1000 faster than Bitcoin. Didn't mention that did ya? And. Fraction of the cost
@ryanjburdick
@ryanjburdick 4 года назад
Bitcoin was the Ford model-t
@ryanjburdick
@ryanjburdick 4 года назад
Great invention
@ryanjburdick
@ryanjburdick 4 года назад
But now we have Ferrari and Lamborghinis
@lydiaheelu2681
@lydiaheelu2681 2 года назад
Wow! Thank you for this wholesome yet simple explanation. Highly appreciated 🙏🏾🙏🏾
@99Bitcoins
@99Bitcoins Год назад
You are very welcome
@aspiratedaloha2946
@aspiratedaloha2946 3 года назад
This channel IS the best and has a bright future indeed
@shockingvideos1158
@shockingvideos1158 3 года назад
Man, I just want to say that your way of explaining is awesome. While I was listening to you, I was having feelings that I am sitting in a classroom and listening very important lecture and it is. 👍👏👍👌👏👌😎, please keep doing the very good work. Thanks
@robertw3299
@robertw3299 3 года назад
I like all your videos and I do find them helpful. In regards to Ripple Crypto, I can see this Crypto system being more acceptable to the current banking system for now.
@jillpattridge1968
@jillpattridge1968 4 года назад
Great work. Easy to comprehend what you say Love the bloopers at the end! 🤑
@ironclad452
@ironclad452 5 лет назад
Your videos are some of the clearest and most informative ones out there. Thanks!
@99Bitcoins
@99Bitcoins 5 лет назад
Thank you so much for this feedback :) I really appreciate it.
@surfersparadise5615
@surfersparadise5615 3 года назад
excellent as always, thanks
@benonkwesiga1952
@benonkwesiga1952 5 лет назад
Ripple explained in plain English. Thanks and keep them coming.
@crimson3510
@crimson3510 3 года назад
After two years... I just want to say thank you for this absolutely brilliant and stunning presentation.... 👌👌👌☀️
@froggyjosh
@froggyjosh 2 года назад
I agree! Great video 🙏
@99Bitcoins
@99Bitcoins 3 года назад
CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers. Stay safe 🙏🏻🙏🏻🙏🏻
@shin-ishikiri-no
@shin-ishikiri-no 3 года назад
@@khangle1046 WTF... lol
@claudiaclaudia936
@claudiaclaudia936 3 года назад
2021
@greggers008
@greggers008 Год назад
Why is this 4 year old video being recommended for me to watch? 🤔
@Sketchesz
@Sketchesz Год назад
The algorithm realizes your passion for XRP that's why😂😂😂
@tenyomo
@tenyomo 4 года назад
When you say: ''Let me explain''. He will explain it very satisfying. Love you videos man!
@spencercochran2891
@spencercochran2891 3 года назад
yes yes yesss!
@finnbell1292
@finnbell1292 3 года назад
Q loves xrp
@eustpedro2876
@eustpedro2876 4 года назад
PERFECT DELIVERY = PAINLESS EDUCATION! Thanks a bunch Nate, keep going.
@hineskittvelvett198
@hineskittvelvett198 5 лет назад
Informative and unbiased video. The way it should be. Great Job!
@williamsrafia8880
@williamsrafia8880 2 года назад
When it comes to the world of investment, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance
@robinwilson-sauls9891
@robinwilson-sauls9891 Год назад
Every producer of the monetary videos speak like they are talking to kindergartens-stop sing-song voices, and waving magic hands-just explain as though we're adults!
@Sketchesz
@Sketchesz Год назад
😂😂😂😂
@TsetsiStoyanova
@TsetsiStoyanova 3 года назад
Now i know it all....!
@cosimo8854
@cosimo8854 3 года назад
@@CarlosCastro94360 What flaws?
@cristernicolhmanabat2798
@cristernicolhmanabat2798 3 года назад
@@CarlosCastro94360 name that flaws now?
@cosimo8854
@cosimo8854 3 года назад
@@CarlosCastro94360 Any flaws or did you just spell fud wrong?
@cosimo8854
@cosimo8854 3 года назад
@Vi 4 Probably how we could summarise your IQ as well 🤣
@cosimo8854
@cosimo8854 3 года назад
@Vi 4 Given the level of *your* English, and the number of letters in *your* username, it's safe to say you're not the sharpest knife in the drawer 🤣 Diarrhea of the mouth and constipation of the ideas is mainly your problem.
@---GOD---
@---GOD--- 2 года назад
XRP makes a lot of sense for how the old world works... but it doesn't really fit in with the world of cryptocurrencies because 1) it's centralized (it's distributed, but it's not decentralized) 2) it's not trustless or permissionless (which is the main reason why it's centralized)
@othxme8901
@othxme8901 2 года назад
That's exactly the point. This is why banks want to use it for a direct way to send money. Where do majority of people hold their money? You guessed it, the bank. It's solving a problem that 99% of these crypto currencies do not. When you really think about it most of crypto is useless and has no real world utility therefore it's worthless.
@---GOD---
@---GOD--- 2 года назад
@@othxme8901 banks don't care for XRP. Some institutions are working with Ripple because they're interested in the protocol and payment network for their own CBDCs not for XRP. Also, remittance has no bearing on the price of XRP. In fact, XRP would work best as a stablecoin. Too bad many banks are going to come out with their own CBDCs, making XRP even more useless.
@othxme8901
@othxme8901 2 года назад
@@---GOD--- If these institutions are working with ripple then they will adopt XRP as a means to send money cross border. If there's a coin that has a network to function on already built, banks aren't going out of their way to create a new network.
@retromoderndesigns
@retromoderndesigns 3 года назад
2 years since you made this video. How do you feel about it now? Lots of banks are adopted it. Seems like a good buy
@adiintel1
@adiintel1 3 года назад
its still shit.
@DodZz666
@DodZz666 3 года назад
Which banks ?
@senseimenharachantv1130
@senseimenharachantv1130 3 года назад
@@DodZz666 Bank of America,American express,Royal Bank of Canada and many more. I just name a few.🔥
@senseimenharachantv1130
@senseimenharachantv1130 3 года назад
And now probably gold.
@DodZz666
@DodZz666 3 года назад
@@senseimenharachantv1130 good luck to xrp then , I just find their model confusing . They don t seem like they are solving an issue . Just my opinion
@lindawalker144
@lindawalker144 Год назад
Great video! I really do have a question. For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?
@99Bitcoins
@99Bitcoins Год назад
Hey! Please note that we do not offer investment advice here at 99Bitcoins. Deciding on which coin to invest in is a very personal decision, it should be answered based on the following questions: How well do you understand the tech of the coin you want to buy? How well can you deal with risk? For most people the answer for both questions is "not well enough". So if you're interested in a specific coin I suggest you first read about it and understand its value to you or the outside world. Second, NEVER invest more money than you can afford to lose since investing in any kind of cryptocurrency is a risky business. So I'm sorry I won't be able to answer your question directly but perhaps this gave you some initial direction for further investigation.
@1baybrook1
@1baybrook1 3 года назад
I watched your video about a year and a 1/2 ago and decided to do some investigating on XRP long story short I invested and I'm a happy camper today
@joelbloomquist
@joelbloomquist 2 года назад
With the central bank pushing CBDCs, where does XRP fit into this new scheme of digital currency; especially if the central bank creates their own 'Ripple Payment' concept?
@indianfoodyspicywithsamir
@indianfoodyspicywithsamir 3 года назад
I m understand
@Parapon3ra
@Parapon3ra 3 года назад
What is Ripple? Fucked, apparently.
@rezuhayr
@rezuhayr 2 года назад
Awesome explanation and because of that I had subscribed this channel just now at early morning. And now i am still not boring. So informative! Very well done and thank you. Anyhow I wonder if anyone comment here from Malaysia? Hehehe ❤💆🏻‍♂️😊
@99Bitcoins
@99Bitcoins Год назад
Thank you Rezu! Welcome aboard!
@Ustenation
@Ustenation 3 года назад
We will fly to the moon -XRP Army 😍😍😍 We will invade the Centauri Region 🤭🥰🥰🥰
@4n6design
@4n6design 2 года назад
14:10 "Ripple Labs has the most influence on the Ripple community." Sort of like the Enterprise Ethereum Foundation. They say the are going to ETH 2.0 and so it was done. But hey, the SEC says the Eth Foundation is decentralized, lol!
@fidlaf1
@fidlaf1 5 лет назад
The longer Bitcoin exists, the more difficult it becomes to “mine,” or create new coins. Without the miners, the Bitcoin network collapses. The cost of getting started as a new miner is so far out of reach for the average person that the main miners are gigantic warehouses in China. In most countries, the cost of electricity to run these computers is actually more than what the digital currency is worth, which makes it pointless to even try.The longer Bitcoin exists, the longer it takes for these computer systems to process the information. the official time for a Bitcoin transfer is “one hour,” but anyone who uses Bitcoin on a regular basis knows that is far from the truth. Transactions can take up to six hours at busy times of the day, because it averages 15 transactions per second. There is no guarantee that it will ever improve. In fact, it is likely to keep getting worse.In contrast, Ripple’s coin XRP settles 1,500 transactions every second, and they have the technology and infrastructure to make sure that they’ll never slow down. In the digital age, where people want things to happen within a split second, it is simply not realistic to think that as the world slowly begins to understand and use blockchain in their everyday lives, they will choose the slower option, Bitcoin, over currencies that are faster.
@craigaudio3592
@craigaudio3592 3 года назад
thanks for this information. i have been saying bitcoin will go to 0 one day. what are your recommendations? XLM and XRP? Anything else?
@fidlaf1
@fidlaf1 3 года назад
@@craigaudio3592 + Yes anything that has true UTILITY will be the winners. XLM, XRP, VET, IOTA, ETH ( but ETH has to change the protocol. From useless proof of Work to Proof of stake) There are other projects that also have utility Utility will be king
@davidamaral2577
@davidamaral2577 2 года назад
that cost of starting to mine is not by accident.. bitcoins and crypto are the establishment's way of shaking out all the true and wannabe libertarians who have turned into the very greedy, corporate/political elite, they supposedly rail against.. the idea/premise is good but what it's turned into.. not so much.. I am constantly seeing what used to be average, solid, hard working every day people start sounding and acting all high and mighty because they got caught on the lucky end of this ridiculous, unsustainable "crypto" swing.. it will crash.. that's practically a given.. and none of them seem to want to listen and just cash out most of it and put it to work in the actual "real world"... even scarier is, almost all of them can't even come close to explaining to me what blockchain is and now it works.. think about that.. bunch of libertarian wired minds all getting hard of of something "digital" that they can't truly describe.. can't physically touch.. yeah.. as much as I hate fiat currency, at least cash is something I hold in my hand.. crypto will get taken down no matter what the flavor or doer... crypto is just as far, if nor further, than those who truly want to be more organic and have something closer to true "free market" or bartering.. when you consider that if any entity or group can grow to assume 20% or more of the mining.. GAME OVER!!
@rhasta80
@rhasta80 3 года назад
Thank you so much for including subtitles on your videos. It so much better for us non native English speakers.
@LevRage
@LevRage Год назад
The Central Banks must be taken out. If our digital currency(whatever it turns out to be) is centralized...we're ALL fuct! I hope everyone is intelligent enough and has the common sense to understand this fact.
@humbledaughter777
@humbledaughter777 6 месяцев назад
You are right on the money except you are still an optimist. You need to become a realist like me and understand we already are fucked. If you do that--you will have an insider and contrarian awareness that may help you at least help yourself and your family. The banks will win. The future is totally centralized! Why you may ask? Because the game is rigged and the Bible tells me so. Say what you want about me-One thing I am not is wrong about this.
@humbledaughter777
@humbledaughter777 6 месяцев назад
The banks will win and the future is VERY centralized. You can take that to the bank. The only think you have to figure out is which blockchains are poised and positioned to provide the infrastructure. My advice is get out of denial and move yourself through the other 4 stages of grief so you can best determine what can be done and act in the best interest of your children NOW
@eminemrokzz8182
@eminemrokzz8182 5 лет назад
Sir please make a video of future of Bitcoin and other Cryptocurrency in India. As Gov is banning them here so will all my investment will be of no value or what.
@Gagosmith
@Gagosmith 4 года назад
So funny, banks have to process the mone that doesn't even exist except on computer!
@geeksified
@geeksified 3 года назад
as it should be. money should be digital.
@egv7468
@egv7468 4 года назад
Thank you for this amazing explanation about XRP...
@corylyonsmusic
@corylyonsmusic 4 года назад
The question of investing is exactly like you said, based on your belief of whether it will be adopted. The good thing is, you can get it for pretty cheap right now...so even if it doesn't go up in value or become adopted, you probably aren't losing much in the first place...unless you go all in on XRP only, which isnt the greatest idea in a currently speculative market. I own some XRP but I'm buying about 10 others as well.
@elcryptoro1268
@elcryptoro1268 4 года назад
I know this is an older post, but you are EXACTLY on point with your comment - it really is that simple...
@craigaudio3592
@craigaudio3592 3 года назад
If you dont mind me asking, what else are you buying and in what percentages of your capital? looking at buying XRP and XLM and wondering what else to go for. I didnt pull the trigger and buy bitcoin at $600 :-(
@corylyonsmusic
@corylyonsmusic 3 года назад
@@craigaudio3592 XRP, VET, ADA are my main 3. I get a little bit of a few others here and there but those are the 3 I focus on.
@craigaudio3592
@craigaudio3592 3 года назад
@@corylyonsmusic thanks. i will check those out :-)
@corylyonsmusic
@corylyonsmusic 3 года назад
@@craigaudio3592 yeah, there are many good potentials in the space, it just takes some time looking into them. I get a little BTC and Eth every week too for insurance lol
@jonathantamonob2976
@jonathantamonob2976 2 года назад
Your explanation is very clear and well organized. I do find them are very helpful.
@10isc41
@10isc41 3 года назад
I hope this really works. I’ve invested an amount that I can afford to lose but if I win, it could be life changing.
@diamontie8
@diamontie8 3 года назад
Nate, you are the best educator in the complex world of cryptocurrency. Great style, great voice and diction and great delivery of clearly expressed educative information. Thank you for doing this show.
@Johann_
@Johann_ 3 года назад
Hi, thanks for this video, very interesting. Do you think we will be able to exchange crypto through ripple too? 🤔 This would make decentralized currencies centralized when exchanged so I don't think they were created for that purpose but I still wonder 🤔🤔 I don't know if it is manageable with each blockchain either 🤔🤔🤔
@professorasandrahaddad8372
@professorasandrahaddad8372 3 года назад
This project is fantastic. We will soon see more central banks in countries adopting this technology. This currency has ultrafast transfer speed. The value is very outdated in relation to bitcoin and ethereum. Few people are watching this.
@josephinesema5886
@josephinesema5886 3 года назад
Stocks are crashing, bitcoin investment right now will be at every wise individual's list. In a month, you will be ecstatic with the decision you made today.
@jimhuner1563
@jimhuner1563 3 года назад
i take ripple 2000 dolars 0.48
@sport8133
@sport8133 3 года назад
Thanks for giving me an outstanding first look at XRP and Ripple. I guess it's a tradeoff between high transaction speed and low trust in the central authority of Ripple Labs. I think the tech in other crypto currencies will catch up on the speed front. US banks aren't going to like the centralization feature. Neither will Chinese banks. Ripple founders should sell all their XRP before it becomes worthless!
@PURPLE_SHADE_SMOOTHIE
@PURPLE_SHADE_SMOOTHIE 4 года назад
Ripple Labs is a CENTRAL BANK for RippleNet .... they can if they deem it desirable print (ahem) or mine more Ripple coins XRP .... this doesn't smell good
@Mark-kv6xt
@Mark-kv6xt Год назад
Fantastic video and explanation, thank you Nate
@scrappychildhood6633
@scrappychildhood6633 3 года назад
This is a trillion dollar problem solver. If ripple can pull this off they might be at 50,000 by 2030 or 2040
@alantew4355
@alantew4355 3 года назад
Don't understand the part on transaction fee is destroyed. If A pays B 100 XRP, and for this transaction A pays 1 XRP of transaction fee. Then who gets this 1 XRP and when it is destroyed, the person who gets the transaction fee would have nothing? If the validators are not paid for their validating service, then what motivates them to be a validator?
@raindropdrizzlearchives1536
So in theory wouldn't the world no longer use the dollar as the reserve currency, if xrp gained mass adoption?
@99Bitcoins
@99Bitcoins Год назад
In theory, it is possible that if XRP gained mass adoption as a global currency, it could potentially replace the US dollar as the world's reserve currency. However, this scenario is highly unlikely for several reasons. Overall, while XRP has the potential to disrupt traditional financial systems and gain wider adoption, it is unlikely to replace the US dollar as the world's reserve currency in the near future.
@renaat100
@renaat100 4 года назад
Liking the video before fully watching it is a common thing I do and never regret. You are the BOSS.
@saranshgokhale8298
@saranshgokhale8298 3 года назад
What a great video! Really crisp content, explained a lot in a short time
@unk1537
@unk1537 4 года назад
No wonder they're associated with the Banking Cartel/Govt.
@thecrazycousins7282
@thecrazycousins7282 3 года назад
Yup! My thoughts exactly lol
@crazyfrenchie7
@crazyfrenchie7 3 года назад
I like your comment! I'm not a fan of the banking cartel... Hence why I'm investing in and using crypto. I'm not going the XRP way anymore after this video!
@fareedqumbargi9414
@fareedqumbargi9414 2 года назад
I swear listening to this guy was like 10 articles I found combined. Emaculate performance easy to understand & great explanations, thank you!!! God bless all of you! Love y’all stay safe!!!
@moneyhacks1015
@moneyhacks1015 3 года назад
Who here after XRP hit .92¢
@khasimcdaniel3612
@khasimcdaniel3612 3 года назад
Been hearing about it and thinking about investing in it but needed more info. It seems like a good investment long term.
@xQTx
@xQTx 3 года назад
@@khasimcdaniel3612 to late xD
@khasimcdaniel3612
@khasimcdaniel3612 3 года назад
@@xQTx nah. It’s just the beginning.
@xQTx
@xQTx 3 года назад
@@khasimcdaniel3612 if u say so, than it must be right ;)
@khasimcdaniel3612
@khasimcdaniel3612 3 года назад
@@xQTx Yeah, you can call me daddy now. Lol 😎
@terrancepinkney777
@terrancepinkney777 4 года назад
When I have a crypto question or need a crypto technology translator.. this is 100% my first stop on RU-vid!! Another excellent video well done sir!
@safemoonking9501
@safemoonking9501 3 года назад
Pundi X could do a XRP like pump This is all my opinion: In 2015-2016 XRP was less then $0.01 with a max supply of 100 billion. 60% is owned by ripple the company themselves. People in the crypto world were saying that XRP could never hit 1 dollar mark or that the bankings and governments wouldn’t let XRP succeed. XRP total marketcap was around 50 million dollars. Now pundi X is less then $0.01 with a max supply of 258 billion and marketcap of 100 million. People are saying that it would never hit 1 dollar mark and that they wouldn’t succeed in becoming one of THE payment systems in the world. XRP went from less then $0.01 to over $3.00. PundiX is in my eyes THE XRP of this bullrun. I don’t say it wil go to 1 dollar but it can explode to 1-10+ cents. Any thoughts?
@chadpeery2930
@chadpeery2930 2 года назад
Spot on thx kinda pissed now … just learned in 15 mins what it took me years on my own ….😂
@whoisit11
@whoisit11 11 месяцев назад
Xrp still .50 cents …. Guess I’ll keep buying until I’m dead
@creator6182
@creator6182 6 месяцев назад
😂😂
@rameernam
@rameernam 3 года назад
Thanks a lot for your great and detailed explanation about XRP and the future global Banking transactions.
@gubzs
@gubzs 3 года назад
I think it's reasonable that XRP goes to $3.00 this year but I just can't make myself invest in it
@mobrelated5768
@mobrelated5768 3 года назад
This is an amazing channel for a simpleton like me . Thanks yo broke it down to my level (caveman) and I’m not walking away from the video dizzy and more confused
@thomastryon123
@thomastryon123 3 года назад
Wouldn’t XRP be considered a coin and not a token due it being the native asset on the Ripple blockchain?
@Kem9s
@Kem9s 2 года назад
It’s happening
@orkunugurlu9967
@orkunugurlu9967 11 месяцев назад
New world order
@NoosaHeads
@NoosaHeads 3 года назад
So, if I understood things adequately, Ripple (XRP) is never going to see large rises in its value, such as we saw with BTC? XRP was about 15c, 4 years ago and is now about $1. Maybe it will be $1.50c in another 3 years time, which is still far better than bank interest.
@aureliabecker5093
@aureliabecker5093 3 года назад
Agree very good and to the point content. Thank you
@OzzHubs
@OzzHubs 2 года назад
Hey man can you please update about the current issue with ripple and the big dip market
@alcoyski4343
@alcoyski4343 3 года назад
Didn’t you hack a 16 year old
@DodZz666
@DodZz666 3 года назад
So basically XRP ripple is not a blockchain, and it relies on the complete trust of the validators and is aimed for banks and not individuals and the XRP token was only created to raise funds for ripple
@joshuamorancy4482
@joshuamorancy4482 2 года назад
Grateful for this video, and the fat you made this 4 years ago, if possible if you can. make an updated video on Ripple and the lawsuit and its possible future. And if not thats ok!
@DRCE777
@DRCE777 3 года назад
In the Philippines, XRP is the only feasible and economical way you'll ever fund you Binance account.
@Boomerang556
@Boomerang556 3 года назад
Seriously?
@DRCE777
@DRCE777 3 года назад
@@Boomerang556 Nah, I just found out about P2P a few weeks ago. Disregard my previous comment, only newbies will fund Binance with XRP.
@koreenthomas4489
@koreenthomas4489 4 года назад
Thank you this really broke it down and explained it very well then other videos I’ve seen
@PURPLE_SHADE_SMOOTHIE
@PURPLE_SHADE_SMOOTHIE 4 года назад
Isn't Bitcoin already established as the "internet of money" and "true store of value"? I don't think Ripple is needed. Furthermore, I am hearing that Ripple/XRP is highly suspect as it is Centralized (not Decentralized like Bitcoin truly is).
@poppatapir9924
@poppatapir9924 3 года назад
Ripple is 120,000 times more energy efficient than bitcoin, cheaper and faster too. Bitcoin will be traded with xrp.
@amaigus
@amaigus 3 года назад
Phenomenal summary of the relevant issues. Explains the centralization issue nicely. Thank you!
@elainek4000
@elainek4000 3 года назад
Your presentation of relevant information is impressive & just impeccable -- both as to your delivery & as to your content. Amazing. Thk u.
@cryptotasha9153
@cryptotasha9153 2 года назад
This is the most clear explanation I have heard. Thank you. Love 99 Bitcoins.
@azazil061
@azazil061 3 года назад
sadly if all banks and payment systems use xrp the value of xrp wont go up much. The banks wont be holding xrp for more than a few minutes.
@vigilantezack
@vigilantezack 3 года назад
So the founders just give themselves a gazillion coin? And that's it? Like personal holdings? Odd. Coin disappears in the form of fees? So like, eventually there will be enough transactions (and fees) to use up all the coin? Might take a while, but seems the eventual conclusion. Are world banks actually using this now? Is it being adopted for its purpose?
@masterofnone6118
@masterofnone6118 4 дня назад
Hi Nate, do you hold xrp?😂
@joycemorse2029
@joycemorse2029 4 года назад
I bought $1000 of XRP as an investment 2 months ago and it has decreased in value to $750! Why, how does it decrease? I read it was going to be the new bank currency and it was a great investment. I tested the water with $1K. Certainly has been a disappointment.
@alphaomega1089
@alphaomega1089 2 года назад
Excellent breakdown. Easy to understand. The first of its kind.
@RamonaRayTodosSantosBCS
@RamonaRayTodosSantosBCS 4 года назад
Yep a pain in the butt! I live in Mexico. I use Remitly. Specifically started to help transfer money cheap and fast- but it’s a very limited service.
@suryarathore5921
@suryarathore5921 4 года назад
very helpful ive got now basic idea how it works thanks very much appreciate your efforts😊😊
@johnholme783
@johnholme783 2 года назад
What payment providers use it?
@jaredscanlon992
@jaredscanlon992 3 года назад
Can someone explain the incentive to becoming a validator? To me, it seems like there's literally no gain other than a sense of accomplishment.
@lennarthoekveen9339
@lennarthoekveen9339 3 года назад
I wanted to know what Ripple was, then I saw this dudes face yet again. My worries of never understanding were gone instantly.
@lusitanofdd
@lusitanofdd 3 года назад
11:22, the following words you state are what makes me not want to invest in XRP, I doubt banks would agree with such a dramatic change. It's a bet, just like you said.
@charlfloms3189
@charlfloms3189 4 года назад
Subscribed to this channel I like the way he explained everything , so many XRP channels over hyping XRP for years hoping the coin the go to the moon soon but will see what happens. I have 5090 XRP and will just leave it there and forget about it, thinking about investing on other alt coins like ethereum, so far the crypto market has been looking pretty bearish, bitcoin recently hitting $9600 only to fall back to $9100 currently sitting at $9270. Fun to watch these stuff and learn. Have a great day!
@deepanselvam5808
@deepanselvam5808 3 года назад
Wow. 2 years ago still so relevant and resourceful. Thank you mate👍🏽
@beingintrinsic
@beingintrinsic 2 года назад
Your explanation was elegantly simple and helpful! Thank you!
@dieselhound84
@dieselhound84 5 лет назад
XRP will be the standard, far superior to BTC
@ronallan8680
@ronallan8680 5 лет назад
XRP Nutjobs are here early
@ronallan8680
@ronallan8680 5 лет назад
@@stevejeffrey11 Ripple might be one day as big as Swift. But never as big as a global currency, or even the dollar. If utility is bigger than speculation, buy stake in RippleLabs. That's something I wouldn't mind having in my portfolio
@stevejeffrey11
@stevejeffrey11 5 лет назад
@@ronallan8680 if you have 100k+ to invest it is possible to be approved to purchase stock in Ripple which is out of limits to most people. XRP is still the most logical investment in the crypto space, has a quality company with strong leadership behind it
@PFC_50_Grand
@PFC_50_Grand 5 лет назад
May I ask why anyone would buy anything controlled by a bank? Wasn’t crypto invented to get away from this? Please someone explain this lunacy to me 🤔
@stevejeffrey11
@stevejeffrey11 4 года назад
@@crazystuff5323 wakey wakey eggs and bakey!
@Patrick-ud3vu
@Patrick-ud3vu 3 года назад
Everything is becoming more and more digital!!
@sharkdzung
@sharkdzung 2 года назад
You're the master of explanation, mate. Even though I'm not a natve English speaker, and my English is not that good, I could get all the thing you said.
@inventortony8629
@inventortony8629 3 года назад
so nice XRP price has a $ sign in front, not a cent sign after. all it needs now is a few commas in the price and $5.89 is a tight spread
@gregormartins7982
@gregormartins7982 3 года назад
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life.
@roberttanner7778
@roberttanner7778 3 года назад
With all the complications in 2020 would you still it is a good time to go into trading?
@Patrick-ud3vu
@Patrick-ud3vu 3 года назад
This technology just makes sense for the digital age that we're living in...
@OlegCapovani
@OlegCapovani 3 года назад
Amazing explanation, this is definitely the best crypto currencies youtube channel!!!
@edwinmedina4338
@edwinmedina4338 3 года назад
Im going back to watching what is bitcoin, this is a lot of info for a day. Subscribed btw. Will be back to this great info all around 👍
@5gun1
@5gun1 3 года назад
Why wouldn’t someone just send money from one BTC wallet to another? This is useless
@themarcidofamily
@themarcidofamily 3 года назад
Awesome video. Thanks 😎 I’m hearing, ETH can reach $50,000 and Citi Bank, claims Bitcoin can reach 500k, in the near future. What are your thoughts?
@haroldwalter6523
@haroldwalter6523 3 года назад
14days of focus and hardwork can put you many years ahead.... I just got into Bitcoin trading and Investment and I made my profit wish I knew about this earlier, stocks is truly a life changer
@rexrex1008
@rexrex1008 3 года назад
Bro, though I still have no idea what it is, you may be the first to give me the sense of "not knowing". Others give me "mess".
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