XRP was not created for banks, and Ripple with their founders actually hated institutions and middlemen.

Here is the full story:

Many people (within and outside the XRP community) still believe that XRP was created for banks and cross-border payments. It's a common misconception and a narrative that started being pushed by Bitcoin maxis.

XRP was created for the opposite purpose - to destroy the banks' monopoly and disintermediate them. It was created as a better Bitcoin for more efficient P2P transactions and with more capabilities, such as the DEX, tokenized assets, and more. The target was the average person and business, not banks or institutions. This narrative started by Bitcoin maxis and later continued by certain XRP influencers which ultimately has hurt XRP. Let's head back to the basics 🔽 XRP Ledger was built by 3 developers (David Schwartz, Arthur Britto, Jed McCaleb), and by June 2012 it was live. Ripple didn't exist back then. Months later Chris Larsen joined them and Ripple Labs Inc. (initially called OpenCoin) was formed. 100 billion XRP was also created since day 1 with no way to create more.

The Real-World Asset Tokenization combined with the Internet of Value is going to be the biggest financial revolution of the century and reshape the digital asset landscape, as well as the global financial system. And XRP Ledger will play a big role in that revolution.

Why? 👇🧵 The tokenization of RWAs refers to the process of digitally representing real-world assets on distributed ledgers / blockchains or issuing traditional asset classes in a tokenized form. In simple words, it's the concept of digitalizing ownership rights.

The Path to Crypto Mass Adoption: 🧵1/10

Yes, regulations and education are necessary, BUT 2 fundamental shifts pave the way for widespread blockchain and crypto adoption:

1. User-centric approach

2. Seamless integration

👇 1. User-centric approach: Shifting the focus from investment-centric thinking to user-centric adoption is vital. Just as people utilize the internet or apps without considering the underlying technology, blockchain adoption should similarly center on enhancing user experiences...

It's Sunday. Almost all markets, banks and services around the world are closed. In today's interconnected world, this is a big problem for both individuals & businesses, and also offers banks an opportunity to manipulate markets. Here is how blockchain solves this. [1/16]🧵 Traditionally, financial institutions operate on a five-day workweek, typically from Monday to Friday. This leaves a two-day gap over the weekend when these institutions are closed, making it impossible to conduct many financial transactions during this period.

Where does a native coin's value come from? 🧵1/15

What exactly is the business model of a blockchain network? Why should the cryptocurrencies and tokens that are an indispensable part of them be worth anything? What is the exact role of a coin and how do they capture value? By definition, a blockchain that is designed correctly cannot benefit from any kind of cornered resource due to its open and permissionless nature. The very notion that a blockchain is decentralized means that there exists no small group of people that has unilateral control...

Another day, another thread about the #XRPL AMM - #XLS30!

Today, we are going to talk about the role of AMMs in the multi-trillion dollar FX market and how you can make money on XRPL as a FX liquidity provider with minimal risk without using your XRP 🧵1/14 Currencies are the tectonic plates of the financial system, rooted at the base of every trade and transaction. The foreign exchange (FX) market is the largest & most liquid in the world, with daily trading volumes of $7+ Trillion.

Today, we are going to talk about the importance of on-chain liquidity and why everyone should participate in the upcoming #XRPL AMM - #XLS30! 🧵1/22 Liquidity is one of the most important aspects of every market & asset. It is what mainly affects asset prices. In simple words, liquidity is the ability to buy or sell assets in the market without causing a drastic change in the assets’ price.

$XRP is one of the biggest threats to the big banks. 🧵1/15

Blockchain technology, crypto, and especially $XRP, are destroying the banks' monopoly and disintermediating them in many ways, but in this thread we will talk specifically about global payments. In a time when the global economy is more connected than ever, it's shocking that there isn't a complete payments network that allows seamless and efficient transfer of money around the world. The need for connection, accessibility and interoperability has never been greater.

#Codius could be one of the biggest and most important developments in the industry and it would give a whole new meaning to smart contracts.

But most people are not aware of what Codius is and how it works so it's time for a 🧵1/14

https://t.co/7ZOJWCOaVt https://t.co/LEGWr4rE7Hcodius.org

https://twitter.com/JoelKatz/status/1690906950874390529

When @justmoon joined Ripple, one of his first projects was to build a smart contracts system for the XRP Ledger. By April 2013, a prototype was ready: github.com/XRPLF/rippled/…

The Real-World Asset (#RWA) Tokenization combined with the Internet of Value (#IoV) is going to be the biggest financial revolution of the century and reshape the digital asset landscape, as well as the global financial system.

Why? 👇🧵1/19 The tokenization of RWAs refers to the process of digitally representing real-world assets on distributed ledgers / blockchains or issuing traditional asset classes in a tokenized form. In simple words, it's the concept of digitalizing ownership rights.

How the $XRP Ledger decentralizes finance and empowers individuals and businesses since 2012🧵1/11

#XRPL is an open-source, decentralized blockchain, with a robust technology that pioneered DeFi by introducing the first DEX, tokenization of assets & more. Since day 1, the main goal of the XRPL has been to empower individuals, give them full control over their assets, and give them access to financial services without the need for banks and centralized entities that have many burdens and disadvantages.

It's sad that a big part of the #XRPCommunity still believes that XRP was created for banks or to help institutions. It was literally created to destroy the banks' monopoly and disintermediate them.

XRP was created as a better BTC for P2P transactions. For people, not banks. 1/7 And with features like the DEX, Ripple's initial vision was to "enable people to break free of the “walled gardens” of financial networks like credit cards, banks, PayPal and other institutions that restrict access with fees, charges for currency exchanges and processing delays."

Many people see security measures as a chore or burden, but the better mindset to have is one where you view security as an opportunity to bring yourself peace of mind in an uncertain and turbulent world.

A security guide about how to protect your crypto and avoid scams. 🧵1/24 As the popularity of crypto grows, so does the level of activity of cybercriminals who seek to steal it in any way possible. With phishing attacks, finding vulnerabilities or impersonating people to obtain confidential user information such as private keys, passwords, and more.

Since the XRPL AMM (XLS-30) was announced, many people have been wondering about the risks and how impermanent loss works when you provide liquidity.

Today is time to discuss this in detail 👇🧵1/17 A decentralized exchange (DEX) is a P2P marketplace that connects cryptocurrency buyers and sellers. DEXs usually utilize smart contracts to enable orders to be settled automatically and immediately from crypto wallets without the need for a middleman or custodian.

🧵ISO 20022 thread: What happens on March 20th and will it affect Ripple, XRP or any other crypto?

ISO 20022 is a message format and business language created in 2004. This format is vital to instant payments and in the overall modernization of payment processes. On March 20th, cross-border payment messages via SWIFT will be converted to an ISO 20022-based messaging. It is the start of a multi-year coexistence period of MT and MX formats which will allow banks to already benefit from the richer, structured data of the XML standard.

Artificial Intelligence (#AI) and #Blockchain technology are two of the biggest technological breakthroughs. Both have the potential to disrupt various industries, and when combined, they can create even more powerful solutions.

🧵(0/10) Here are some interesting use cases: 1. Decentralized AI marketplaces: Blockchain can be used to create decentralized marketplaces where AI models and data can be bought & sold. This would allow individuals and small organizations to access the benefits of AI without needing large amounts of data or computing power.

What's the difference between XRP, XRP Ledger, Ripple and RippleNet? There is still a lot of confusion and misinformation about them. 🧵1/7 @Ripple is a company building a payments infrastructure, crypto solutions and software for businesses and institutions. RippleNet is Ripple's system that financial institutions use. It's like SWIFT has its own system and network of financial institutions.

Blockchain technology gives everyone, for the first time in history, the opportunity to be their own bank and have full control of their money, assets, and data. And yet, most people in crypto now trust third parties that can disappear at any time. Time to change this: 🧵1/17 To be your own bank, you will need a crypto wallet. A crypto wallet is like your bank account, but without the bank. You are the bank and you control everything in your account. A wallet is simply a piece of software that allows you to store, send, and receive cryptocurrency.

#NFTs (XLS-20) on XRP Ledger are upon us. A very important feature that will change the #XRPL forever and bring massive utility, activity and users in the network.
But there are still many people who don't really understand what NFTs are and how they work.
Time for a 🧵1/12 Non-fungible tokens (NFTs) are a type of cryptocurrency that represent a unique asset, such as a piece of art, a collectible, your ID or your real estate property. They can actually represent anything digital or physical. But why would you do that? What are the benefits?

A common myth about cryptocurrencies is that they are not backed by anything so they are worthless.

Many people falsely believe that because cryptocurrencies aren’t backed by something tangible, that they are worthless. But fiat currencies are not backed by anything either. 1/7 Even though many people falsely believe that they are backed by something tangible like gold, this is not true for over five decades now. The fiat currency you use, either it’s cash or digital money through your cards is not backed by anything other than faith in the government.

How to prepare for a recession and survive an economic crisis: 🧵 👇 The most important thing when a recession is about to happen is liquidity. Liquidity means how much money you have available to spend right now. You need to remain calm and create a good plan. You need 6 things: