Speaker 1: We are here at the XRP Las Vegas event, and
Speaker 1: we are closing it out on the second day, and
Speaker 1: we're gonna close it out with the one and only
Speaker 1: Jesse from EPEX Crypto Consulting.
Speaker 2: How are you, my man?
Speaker 3: Far through?
Speaker 2: Nice?
Speaker 3: Paul, I'm doing awesome. It's so nice to be here
Speaker 3: with you.
Speaker 2: A lot happened at this event.
Speaker 1: You listened to Brad garling House, you listen to David Schwartz,
Speaker 1: you saw Jack McDonald on stage. You've got all of
Speaker 1: the Ripple basically royalty here.
Speaker 2: In one building.
Speaker 1: And then you look at all of the rest of
Speaker 1: the industry now starting to coalesce around XRP.
Speaker 2: We had Salon on stage. What do you make of this? Man?
Speaker 2: Are we in the matrix now? What's going on?
Speaker 3: Pretty much? Pretty much? Paul, Like I always say, I
Speaker 3: think this has been playing for a very long time, Paul,
Speaker 3: ripple is coming from the highest of the high. You
Speaker 3: know this is coming from the central banking system. They're
Speaker 3: they're trying to fix the liquidity crisis, sure right, and
Speaker 3: this is more for This is more for the central banks,
Speaker 3: for for the powers that be.
Speaker 1: Do you feel that the the potential now of seeing
Speaker 1: the activity where XRP on Solana okay exit an announcement
Speaker 1: here now a major liquidity pool for r l U
Speaker 1: s D. This is going to open up I think
Speaker 1: adoption as well as distribution. Do you think these are
Speaker 1: the kind of things that really starts to propel the
Speaker 1: use case for XRP via what could happen in the
Speaker 1: XRP ledger.
Speaker 2: What's your thought?
Speaker 3: Yeah, like, I think we're we're starting to see that.
Speaker 3: You know, that integration is starting to mature. They're integrating
Speaker 3: it in so many they can right now, yesterday the
Speaker 3: partnership announced with Zebec yep, you know it's it's My
Speaker 3: understanding is that the goal for XRP, which has been
Speaker 3: planning for over thirty years, is the more they can
Speaker 3: integrate it into everything, the more they make it liquid,
Speaker 3: the more liquidity, the more use cases. Just integrate it
Speaker 3: into everything, which is actually what was said in the
Speaker 3: Rising Phoenix article in nineteen eighty nine. They say, we're
Speaker 3: going to create a new world currency, and we're going
Speaker 3: to make it successful within thirty years, and we're going
Speaker 3: to relatelessly integrate it into everything. That's how we're going
Speaker 3: to make it liquid. To help with global liquity. So
Speaker 3: I kind of see that happening now, and.
Speaker 1: You look at the power that this community has right now,
Speaker 1: which even Debu said this on stage, and it's one
Speaker 1: of the most powerful communities on the entire Internet. And
Speaker 1: I think when you consider that along with the strategic
Speaker 1: implementation of acquisitions. I asked Jack McDonald straight up, I'm like, Okay,
Speaker 1: what are we missing? You did, so my question is
Speaker 1: what are we missing?
Speaker 3: I don't know if we're missing much, Paul, to be honest.
Speaker 1: You so you think Ripple is set ready to go
Speaker 1: turn this on when clarity comes through Ripple banks or
Speaker 1: excuse me, central banks as well as traditional banks start
Speaker 1: to lock in thirteen thousand different bank integrations plan.
Speaker 3: What do you think. I think they have a lot
Speaker 3: more than what they say. I know they've been connecting
Speaker 3: banks to Ripple on it now for eight years. The
Speaker 3: only two three four banks per week sometimes Yeah, I
Speaker 3: know the DTCC is going to use XRP for Crossbord
Speaker 3: across Asset. I proved that in my Deep Dives Swift.
Speaker 3: Swift has always been working with Ripple. In my opinion,
Speaker 3: I've shown clearly that you know, there's eleven thousand banks there,
Speaker 3: Swift can use third parties. The third parties connect the ripples,
Speaker 3: so they don't even have to connect directly. They use
Speaker 3: third party apps like cls and all these. So I
Speaker 3: think there's many, many integrations. I don't know if it's
Speaker 3: just a matter of just flipping some corridors, flipping some
Speaker 3: switch switches a bit, but I think they're they have
Speaker 3: ninety five percent. You know, I'm not saying they can
Speaker 3: just the whole volume goes in tomorrow, but I think
Speaker 3: they're way more ready.
Speaker 1: They tell us the roadmap is in place, it's just
Speaker 1: a matter of, you know, how long does it take
Speaker 1: the integrations to really take place beyond that? You know,
Speaker 1: we've talked a lot about where the real pivot will
Speaker 1: be around Swift, but also the central banks. So Swift
Speaker 1: of course looks as though they're weakening in the sense
Speaker 1: of being able to do anything. They already have a
Speaker 1: settlement layer problem, which is clearly evident. Do you think
Speaker 1: Ripple gets more than what Brad thinks they're gonna get.
Speaker 1: He's claimed fifteen percent or so.
Speaker 2: How much do you think?
Speaker 3: Yeah, how would I word that? I don't I don't think.
Speaker 3: I don't think Brad was saying the full truth there,
Speaker 3: all right, I'll say that way.
Speaker 2: Yeah he was being political.
Speaker 3: Yeah he's not. I don't think he was seeing the
Speaker 3: full truth.
Speaker 1: So you feel like the market potential there is much greater.
Speaker 3: For within five years. Like, No, it's to me because
Speaker 3: because if you look at the ISO two zero zero
Speaker 3: two two standard, which is Swiss standard, Ripple and Stellar
Speaker 3: are the only Blochain company and the governing's body of
Speaker 3: the ISO, which is a Swift standard, which started in
Speaker 3: two thousand and four. So how can how can Ripple
Speaker 3: and Swift be competitors when Ripple is literally helping guide
Speaker 3: the standard which is a Swift standard, all right? Because
Speaker 3: you need the ISO two zero zero two two to like,
Speaker 3: because Ripple can't be successful without the ISO. So ISO
Speaker 3: two zero zero two two because if you settle a
Speaker 3: transaction instantly, you need to know where is where did
Speaker 3: the payment come from, who's a stander, who's the recipient,
Speaker 3: where did they live? What's there? All that stuff, right,
Speaker 3: and this is what ISO does. That's why you start
Speaker 3: seeing Ripple being mentioned in two thousand and four by
Speaker 3: Ryan Fugger two thousand and four, Ripple pay all these
Speaker 3: things at the same time. They're starting the ISO because
Speaker 3: you need they needed to. This's been planned for years past. Yeah,
Speaker 3: that's why I don't see Swift and Ripple that competition.
Speaker 3: I always felt that that was just theater.
Speaker 1: Interesting theater of the mind when it comes to that.
Speaker 1: All right, So when you when you look at the
Speaker 1: critical components right now of the FED and really what's
Speaker 1: happening with Kevin Warshby just appointed here in the US,
Speaker 1: most likely we might get a rake cut. Many people
Speaker 1: are pointing to We're not gonna get a rake cut.
Speaker 1: Does any of this really matter for where Ripple is
Speaker 1: heading and especially the XRP price.
Speaker 3: I don't think so. I mean, I think if they
Speaker 3: lower interest rates obviously and start assummating the economy, I mean,
Speaker 3: get liquidity going from the central banking, treasury stuff that
Speaker 3: that will help in general just the overall market. But
Speaker 3: I think Ripple, I think the utility of the XRP, Lager,
Speaker 3: Ripple Net, Multi Hop, Patway Finding, all their integrations, you know,
Speaker 3: it's too strong. Yeah.
Speaker 1: Well, and to your point, I think the possibilities are
Speaker 1: so great there to really kind of reset it. The
Speaker 1: Senate just went through this week. I have pretty much
Speaker 1: left the hen House door open. I don't know if
Speaker 1: you saw this, but they've opened it up the opportunity
Speaker 1: to where the FED could do still a CBDC, so
Speaker 1: it hasn't been banned yet. Now they've opened this up.
Speaker 1: This is most recent legislation that's being proposed. So if
Speaker 1: that were to happen and you get the US FED
Speaker 1: going aggressive, let's say in a few more years when
Speaker 1: it's not a friendly FED, as Warsh goes in, who
Speaker 1: knows what will happen after Kevin worsh If if in
Speaker 1: fact there is or maybe.
Speaker 2: Worsh himself, do you think there's.
Speaker 1: A chance of a CBDC coming out?
Speaker 3: They could. I think the only reason that they weren't
Speaker 3: doing the CBC is because Trump was so much against it.
Speaker 3: So if Trump's no longer president, we could likely see
Speaker 3: a CBC.
Speaker 2: So you feel if FED could make it happen.
Speaker 3: Yeah, if it's not the Trump administration in power, I
Speaker 3: think it's going to be obviously, You.
Speaker 1: Man, that's a that's a dystopian future, Jesse. I don't
Speaker 1: want to be thinking about.
Speaker 2: That, man.
Speaker 1: Sorry, man, Sorry, Paul, I hate it when you bring
Speaker 1: the truth.
Speaker 3: Could think you're still but I see I see, Yeah,
Speaker 3: I see it like the Trump administration versus.
Speaker 1: Versus What are the things that you're most worried about
Speaker 1: right now in the in the XRP ecosystem.
Speaker 3: It's just I don't know if I have a worry.
Speaker 3: It is just that I kind of feel like the
Speaker 3: prices might have been suppressed for a while. Like explain,
Speaker 3: I don't understand how in two thousand and seven, twenty eighteen,
Speaker 3: the price hits over three dollars with almost no integration. Yeah,
Speaker 3: and now we're still at a dollar like seven eight
Speaker 3: years later, with all of these partnerships, all of these integrations,
Speaker 3: all of these acquisitions. Something doesn't make sense to me,
Speaker 3: because in twenty seventeen, what.
Speaker 2: Do you think it is?
Speaker 3: Well, I don't know if they're suppressing the price or
Speaker 3: is just because they haven't flicked the switch on the corridors,
Speaker 3: like because because they're building the CBDCs.
Speaker 1: Are you claiming there's there's bad actors in play? Or
Speaker 1: are you claiming now this is a strategic.
Speaker 3: Yeah, it could be just strategic, or maybe they need
Speaker 3: to put everything in place first before they start lighting
Speaker 3: up corridors to help get the liquidity in. Gotcha, where
Speaker 3: are you going because he's.
Speaker 1: So really for you, it's it's just a matter of
Speaker 1: roadmap execution. Market starts to react at that point. Hopefully
Speaker 1: all the key plays are in place, which is a
Speaker 1: friendly fed, possible rate cut, and maybe a clarity act
Speaker 1: that gets through.
Speaker 3: Yeah, And I don't even know if they need all
Speaker 3: those things. And the other thing too that that's why
Speaker 3: I can never give an answer on that or a
Speaker 3: very strong opinion is because I don't even know, like,
Speaker 3: are they using gigs ARP lager? Are they gonna pay
Speaker 3: GISRP to gold? Maybe because they're talking about, you know,
Speaker 3: a new Brighton Woods, a digital Brighton Woods, Brighton Wood's three.
Speaker 3: The original Brighton Woods was a global reserve currency backed
Speaker 3: by gold. It was backed by something. And Judy Sheldon
Speaker 3: also she's a big proponent of gold. They actually talking
Speaker 3: about distributed lager. So I don't even know, like, is
Speaker 3: it not even you know, flicking switches. Is it just
Speaker 3: like they paget the goal somehow, or all the nations
Speaker 3: or bis or you know, you've got.
Speaker 1: Nation states that collecting gold at at one of the
Speaker 1: most alarming rates that we've seen.
Speaker 2: So that's gonna be interesting how this plays out. Listen.
Speaker 1: We're gonna get into more on our next podcast for sure.
Speaker 1: We're wrapping up here at the XRP Las Vegas event.
Speaker 1: So Jesse, thanks for coming into.
Speaker 3: Thank you so much, Paul, It's always an honorview on
Speaker 3: your show.
Speaker 2: You bet all right. You guys know what to do.
Speaker 2: Make sure and like and subscribe.
Speaker 1: If you're not following Jesse out there, where can they
Speaker 1: find you?
Speaker 3: Right now? Apexcrypto Insights on.
Speaker 2: YouTube perfect and you guys know what to do, like, subscribe.
Speaker 2: We'll see you next time right here on the XRP pod.
Speaker 2: Take care
Speaker 3: To