BIS Advisor Confirms M-Bridge Isn't XRPL Tech! | XRP Isn't Necessary For Cross-Border Payments!

DISCLAIMER: All my content is just for entertainment purposes only. Any opinions expressed are just my own. I am not a financial adviser. I advise everyone to not take anything I say at face value, but to always do your own due diligence and research before investing.

Timestamps:
- Introduction: 00:00
- BIS Advisor Daniel Eidan Introduction: 01:21
- My Commentary 1: 05:25
- Are Bridge Currencies Beneficial for Cross-Border Payments: 05:46
- My Commentary 2: 05:57
- My Commentary 3: 06:57
- My Commentary 4: 10:33
- My Commentary 5: 13:20
- My Commentary 6: 14:53
- My Commentary 7: 15:59
- Daniel's Shocking Reaction to Bridge Currencies Rooted in Crypto: 16:50
- My Commentary 8: 18:00
- My Commentary 9: 20:30
- My Commentary 10: 21:39
- How Would DLT Silos Not Using the Dollar Send Value to Each Other: 22:16
- My Commentary 11: 25:05
- My Commentary 12: 25:50
- My Commentary 13: 32:43
- What technology was Used for Testing/Building M-Bridge: 34:32
- My Commentary 14: 34:57
- My Commentary 15: 37:00
- Is XRP an Effective Solution to Cross-Border Payments: 37:55
- My Commentary 16: 39:23
- My Commentary 17: 40:24
- My Commentary 18: 44:42
- Conclusion: 45:56

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[Hunter-exsw]

He worked with Vatalik. Must be totally trustworthy 😂😂😂

[Valkyrie_]

FUD! XRP will do very well along with a handful of others.

[JUNKHOUSEDOG]

It blows my mind how XDC didn't come up. Since he would have worked with XDC on corda, it replaced XRP on corda. It is the settlement coin in corda it's across boarder coin. It belongs to xinfin. Xinfin is called exchange infinite so was very likely the DLT used between Singapore and Hong Kong that was called infinite prior to it being named M bridge. My money is on XDC. It's the only corda bridge and you can send BTC and even XRP over the impel bridge plus SBI has now part ownership of it. With connections to DTCC and Black Rock. Am I the only one seeing a very good gamble!?

[Bagawould]

I love how so much fud is coming out now that the court is about to be truly over this guy is not the first won't be the last

[wolf-ywwk]

the xrp army does not realize that ripple is throwing spaghetti at a wall and had been for years. they are constantly pivoting which for obvious reasons makes sense. end of day the old system has a ton of power, to think they are just going to let a low valued company by comparison come in and eat their lunch is naive. there is a reason it isn’t growing at the pace everyone who follows xrp and holds it and has been frustrated while watching it sit for years.

[rangerpartners]

Why wouldn't the new RLUSD/RLEUR, etc., stablecoins make XRP unnecessary for cross-border?

[brokencountry]

XRP is not JUST for converting from one currency to another... it is that yes they can convert currencies (cross-border) but it is also a partner to tokenization. Ripple is on these boards and they are in the meetings... why would they be there if there was no point? Why would they be ALLOWED in those meetings at all? Have you considered that Ripple is a gateway to ensure that all CBDCs in the WEST (only the WESTERN SYSTEM) work together as efficiently as possible... meaning they all use the same ledger system... when everyone in a network uses the same system, it provides control and standadization. That is very likely what the WESTERN banks want. not just conversion. Larry Fink said it in an interview... a transfer is ONE ledger entry only. There is no conversion of what one currency is worth in another denomination (different CBDCs from different technologies, with different security standards and operationalization). Why build a system from scratch and allow 50 different technologies to run in it? They want ONE technology and security standard across the board. and Ripple is partnering with othe companies to ensure they are all integrated and all have the same security and coding standards... XRP, XLM, XDC, HBAR, ALGO
Why else would they even partner? to serve the same clients!!! to inter-operate!

[mryoyo]

The MARKET WILL DECIDE, not Brad, Larsen, DS, baba, bearableBS, dalhill 😂

[Teknicad]

This argument is completely based on CBDC to CBDC conversion. The likely outcome is that currencies, commodities, etc will be tokenized in different formats, a lot of which will NOT be CBDC's (we have seen the enormous damage central banks have carried out via the FIAT system, inflation, etc) as a result, It is unlikely that there will be only one crypto or CBDC utilized. A bridging asset (or possibly multiple bridging assets) will be needed. Central Banks and governments are in panic because if they cannot get CBDC system control in place, they will loose their monopoly and cede control to the competition coming from private companies like ripple. We have a front seat to this financial war and "to the victors belong the spoils"

[DAMIENloh]

Same thing could be said about BTC and ethereum😄

[alanlaz]

Is XRP ever going to become a working platform ?

[ThePysgodaur]

The unanswered question is 'the' question.

[officialnimblejs]

The reason why he dodge the question of how a crypto is better than direct conversion is simple. SANCTIONS. Its a neutral layer that is sanction proof.

[PeterH-nm]

Mbridge is the blockchain of Ripple. you have a privat and open.

[darwonboyful]

There's nothing new or negative towards the xrpl or xrp in this video. It's just framed negatively and targets the naive xrp investor that believes that institutions will ALWAYS use xrp to bridge transactions no matter what.
Three reality is that the xrpl is a giant DEX (decentralized exchange) that's designed to have assets tokenized on it and swapped with each other. There's no such thing as "cross borders" to a DEX there's just asset swaps.
How the dex works is that if someone wants to swap USD with GBP there's likely to always be lots of available trade pairs and liquidity between these two assets on the xrpl so the trade is executed as a straight swap, burning xrp as gas fees and not needing xrp for liquidity.
If however someone wants to swap an asset for another asset where there's no liquidity pairings, such as tokenized oil swapped with tokenized shares in an apple farm in Australia, three xrpl has inbuilt trading algorithms (pathfinding and auto bridging) that will find a trading pathway from one asset to another with xrp being the primary liquidity asset on the xrpl.
It seems hard for people to weak their heads around the scope of this functionality and human nature seems to take EVERYTHING either as a huge and irrational positive or negative depending on what they are looking for.
All the hype bs statements like "all the money" and "all the banks" etc etc just confuse people and take away from the beautiful simplicity and functionality of the xrll. It also leads people into thinking that there's going to be one single crypto that does everything and win some sort of race.
Regardless, xrp will be around for a VERY long time and will 100% be worth a huge amount more in the future. Most retail investors simply won't be happy to be around to see the future through.

[eliyahysrayl]

Brad and the others are they only people who have enough XRP to bring the price down by selling. And that is exactly what they have and will continue to do.