You’d have to be living under a rock if you haven’t heard what’s going on with XRP and a company called Ripple. You see, a lot’s been going on and those two terms have been trending on Google for weeks now because big things are happening. And today, I, the economic ninja, want to talk about XRP fact and not XRP fiction. So, if you would like to join me, I would like to explain to you why I think XRP is going to absolutely revolutionize the world’s banking system and how governments interact with money. Let’s do this. I wish I had some notes, because it’s hard to do this stuff with nothing.

You got anything for me? Oh, hey, there you go. You want cool stuff like that, become a ninja. Oh, and real quick, I, at the end of this video, have secured a very important interview that you’re not going to want to hold up. You’re not going to expect this kind of thing from the ninja. I secured an amazing person to talk about XRP and Ripple through a Q&A, so feel free to take a look at it. Also, when we talk about wallets, I’m going to put a link to Trezor down below because I think everybody should take their XRP off of the exchanges just in case the government try something funny again.

And if you want, I’ll put a link at the end of this video on a tutorial how to take your XRP, how to set up a Trezor, and go put it on there. So, it’s all easy for you. So, what is XRP? XRP is a digital asset native to the XRP Ledger, or XRPL. An open-source, permissionless, and decentralized blockchain technology launched in 2012, designed specifically for fast and efficient payments. XRP facilitates near-instant settlements, completing transactions in just three to five seconds. Compared to Bitcoin, XRP was created to be faster, cheaper, and more environmentally sustainable, making it a preferred choice for cross-border transactions and microtransactions.

Now, you might think, ask yourself, Ninja, where are you getting all this stuff? Well, some of this is from Ripple’s website, others from all kinds of places on the internet. It’s funny how this technology that is transforming as we speak, the banking sector, akin to what I believe, the creation of the internet. Like, this is incredible, right? Yet, most people don’t take the time to just think about this or read about it. Now, let’s talk about some key benefits of XRP versus Bitcoin. First off, the speed. XRP settles transactions between three and five seconds.

Bitcoin can take law greater than 500 seconds to settle. The cost per transaction right now is .0002 cents per transaction, at least as of the writing of this document. And Bitcoin, it sits around 50 cents per transaction, just to give you an idea of how vastly different those two are. The scalability, XRP can do 1,500 transactions per second. Bitcoin can only do three. Sustainability, environmentally sustainable. For XRP, Bitcoin, .3% of global energy use. XRP, they go on to say, enables direct transfers without a central intermediary, making it an efficient bridge currency for converting and moving value across different currencies.

XRP is widely traded in the open market and is utilized by businesses and individuals for cost-effective cross-border payments. So, you might be asking yourself, who is using XRP? Well, financial institutions, major entities leverage XRP as a bridge currency to enable faster and more affordable cross-border payments. Banks and payment processors such as Santander, Standard Charter, and Bank of America are partnering with Ripple using its technology to revolutionize international payment systems. Individual consumers, consumers use XRP to move currencies globally, take advantage of its speed, low cost, and reliability for personal transactions. But wait, there’s more. It says, how is XRP used in trading? XRP is available on over 100 markets and exchanges globally, where its low transaction fees and high-speed processing make it a preferred choice for traders.

XRP is used for arbitrage opportunities, quickly moving between exchanges to capitalize on price differences, margin calls, managing collateral efficiently in real time, and inventory management switching between cryptocurrencies or fiat currencies instantly. And don’t even get me started on Ripple’s development of the new RLUSD stable token. That’s going to have an actual backing. It’s a big deal. It’s going to take other stablecoins like Tether and just go, be gone. It says here, the Ripple and XRP connection, because a lot of people don’t understand how this works. Ripple is a technology company, develops global payment solutions that make international transactions seamless.

XRP, although independent of Ripple, is integral to this ecosystem. Of the 100 billion XRP originally created, first off, 80 billion XRP was gifted to Ripple by the XRPL founders. Ripple uses escrow accounts to lock up 55 billion XRP, releasing it predictably for market use and ensuring transparency. And you know what most people don’t realize? When they unlock that, a lot of that’s being sold to banks and financial institutions so that they can use the network. People are freaking out. And they don’t even know there’s actually a burn rate built into that XRPL. Every time XRP is used for a transaction, a little bit of it goes, bye-bye.

It just goes away. When we’re talking about wallets supporting, XRP can be stored in both hardware and software wallets, which allow users to send, receive, and secure their digital assets. And like I said before, I’m going to put a link down to Trezor down below. The Model T is what I prefer for storing my XRP. Go take a look at that down below if you want. And I’m going to put a link to that video, the tutorial of how to start a Trezor, so that you can take your XRP off of the exchange and put it into your own personal hands.

Partnerships with global institutions highlight XRP’s transformative role in modernizing payment infrastructures. And as of October of 2024, 38 billion XRP remains locked in escrow, ensuring a finite supply and protecting its long-term value. XRP continues to gain traction as a robust, scalable solution for global payments with its ecosystem expanding across industries. Now, let’s go ahead and clip over to that very important interview I’ve got in the Q&A regarding XRP and Ripple. Hello, everyone. Thank you for joining me on this very important XRP and Ripple interview. Today, I am joined with someone that goes by the name The Economic Ninja.

And quite frankly, he said the only way he would conduct this interview is if we did it in a car. Quite frankly, this interview is beneath me. I am a man of the legacy financial system. I love gold, silver, and stocks. And let’s mix in a couple of bonds. But quite frankly, I’m having a hard time paying my bills lately, so this was the only paying gig I could make, get. So without further ado, we’re going to be asking The Economic Ninja questions about XRP and why he’s been investing in it for quite some time, I guess.

Oh, we got a camera. So, should I call you economic or ninja? Oh, I am. Yes, it is true. They say that I am an economic ninja. Welcome, Mr. Economic Ninja. I can’t believe I just said that. I hear that you are a fan of XRP. And could you tell me a little bit about yourself? Dude, I don’t even know if fan is the proper word. I’m all in. I’ve been into XRP since it was two cents. My investment is crushing it. And yeah, I like crushing it. That’s sort of what my channel is about.

Crushing it. Okay, I’ve got another question for you. If XRP is so good for the financial system, why is the government going after it? Well, if you had the purse strings of the money supply and the control of all of it, and you controlled the world and had worldwide dominance in the financial system, wouldn’t you get upset if somebody tried to take that from you too? Duh. Is XRP really faster than Bitcoin? Can you prove it? Dude, I got this crazy story. So there was a day I was super hungry. And I’m like, I need a pizza.

And so I had some Bitcoin. And it was Bitcoin pizza day. And I’m like, oh, man, I should use my Bitcoin to buy some pizza. And so I did. I called him up and I’m like, yo, I need the pizza. And now I give me the Bitcoin. I’m like, yeah. And I gave him the Bitcoin. And we’re like, on the phone, waiting. They’re waiting. Hey, has the transaction gone through? No, not yet. I’m really hungry, dude. I’m like, well, do you have something else to give us? I already gave you the Bitcoin. They’re like, well, we don’t have it in our account yet.

We see nothing. It’s just crickets. And so I got some XRP. That’s just a banker’s coin. It doesn’t really have a use case. And they’re like, well, let’s just try. And I gave him. I’m like, OK, let’s send the XRP now. And he’s like, I already got it. And I’m like, whoa, dude. And then the pizza showed up. And I’m like, whoa, I got pizza. And where’s the Bitcoin? They’re like, we still don’t see it, bro. Oh, wait. First transaction’s going through. Yeah, it’s. Yeah, OK. It’s still got to verify that the first one’s going through.

Bro, man, I’m already I’ve already eaten the pizza. And I’m totally full. And I’m still waiting for the Bitcoin transaction. So that’s my story about how fast XRP is. OK, now, Ninja. Ninja, this question is very serious. Are you a paid shill being paid by Ripple Labs to talk about XRP? Wait, what? You get paid for this crap? Wait a minute. Hold on. Just seriously. Stop the interview. You get paid by. I’m not paid. But I’m just I’m just going to go on the record and say that’d be awesome. Oh, that’d be awesome.

Well, if XRP is so great, why don’t banks like JP Morgan get behind them? All right. You’d think that I shouldn’t have to explain this. But banks like JP Morgan actually get paid by other banks to move money for other smaller banks. And XRP is a direct threat, especially with that RLUSD stablecoin. For big banks that used to make money or currently make money, moving money for other banks, then now pretty soon those smaller banks are going to get to move their own money and not pay companies or banks like JP Morgan.

Does that make sense? I don’t know what you see in it. XRP is merely a banker’s coin. Oh, no, dude. Ain’t it great? So awesome, man. I mean, think about it. Finally, a system where you’d like, oh, man, this is going to be like a no brainer. Banks are totally going to want to buy this because it’s going to save money, make money, and things are going to go faster. It’s like almost like a no brainer, dude. Yeah, it is. It’s a banker’s coin. Why would you buy XRP when it is fully diluted? It’s diluted.

There are so, there’s a billion, no, a hundred billion XRP in existence. Who would ever invest in something like that? Okay. It’s true, he says. Whatever you think about them, it’s totally true. They’re like a hundred billion XRP. Wait, no, they’re not. Every day, a little bit of XRP disappears because the transaction fees, they get charged for moving either XRP or digital currencies, or even think about it, their own stable coin that’s coming out and being regulated by the government. Every time one of that’s moved, a little bit of XRP goes away.

So the supply is actually getting smaller and smaller. And you know there’s no way to ever mint new XRP because the ledger has to be consistent. And you know what’s funny? It’s almost like when rich dudes or dudettes own stock in a company and they buy back other shares so that their shares are more valuable. Whoa. There’s some logic shoved up your tailpipe there, Mr. Goldsmith. I would just like to conclude and say if you’re on the edge of cryptocurrency, think it’s a scam or you’re sitting on the edge like Katie Couric was when she brought up that email would never take over traditional mail and it won’t really catch on.

You may want to consider learning about the blockchain technology that is right in your face and it’s getting bigger and bigger every day. If you want, I’ll put a link down to a course, a discount to the XRP and Bitcoin 101 Accelerator course to teach anybody the pure basics of how to buy and hold and secure your cryptocurrency investment. Links down below. Thank you so much for watching. Don’t be a James Goldsmith. Be a ninja. An economic ninja. [tr:trw].

See more of The Economic Ninja on their Public Channel and the MPN The Economic Ninja channel.