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ODL 2.0 explained by Mickey B Fresh


HAL1000
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This is the most exciting Ripple Video I have ever watched.   It gives the lie to the meme that Ripple are losing their lead in the market.  

5 hours ago, HAL1000 said:

 

I am not a techie and my notes need to be taken with a grain of salt.

1.30 Nicolas Steiger explaining crypto wallets on version 2 ODL to Crypto Eri

4.00 Mickey explaining super wallets that are segregated.

5.00 able to lend XRP to get ODL running (Ie sell XRP into the ODL/Ripplenet to get the ODL users funded)

7.00 segregated super wallets for ODL users

8.00 use of funds - for setting up pools of stablecoins within these multi chain multi asset super wallet ODL system  and it evades SEC regulations.  Also dovetails with Polysign custody 

11.00  Ash Burla  - new Ripple insights - Enterprise for crypto future, Ripple evolving from cross border service into a platform providing tokenising services that will bring crypto capabilities to the enterprise 

13.00 This is an integrated futuristic service where ODL have been integrated defi, tokenisation and smart contracts and Polysign integrated with banks and Fintech

16.00  Every customer who joins Ripplenet will have one of these super multifunction fiat/crypto/stablecoin/tokenisation wallet plus free credit from Ripple..with Polysign integration

19.30 fits with XPool and new patents.

21.00 Refined ODL to a new system.  ODL can bypass use of external exchanges because wallet becomes source for XRP ODL enabling multi currencies on a single wallet.  This opens up a huge new market with KYC built into it, topped up with money from Escrow. 

23.00 - Ripple announced new products coming, what will it be?  Pools or tokenisation or lending 0r digital identity?  

26.50 opportunity to create a range of different wallets with differing functionality.  Might also integrate with FLR features

28.40 Sidechains.  New market model developing.

32.00 Tranglo with own on off fiat ramps  Ripplenet will have its own apps store with own apps.  Whole platforms are being built  - like Moneytap

Ripplenet with Polysign are a killer combination and Ripple are managing all this in teh middle of an SEC case.  SEC completely outmanoeuvred because they are not selling, XRP, they are loaning.  

36.00 XRP rice does not matter much at this moment - no need for stable price.  But they have a patent for covering slippage.  Increasing in value provides more and more liquidity.  XRP main use case becomes collateral in a dynamic system (compared to BTC static system).  Hardware wallets are made redundant.

39.00  flexible decentralised self custody/non self custody wallets with identity which is a bridge between the technical world and real world usage, included with retail. These are Public decentralised networks.

44.30  Escrow has been set up to be connected XRPL with conditions to support and enhance the network, and it will drive adoption and a marketplace.  

45.30  Big bang  - "tokenisation of digital security issuance and DeFi to collide"  this is the point at which fiat might become redundant.  Running on multiple networks. 

46.00 99% of tokens will not disappear.  The paradigm is that there will be many more tokens on different layers with many different specialist use cases.

48.00 FLR is not a start-up it is a development built on top of the network that give XRP superpowers with yields and Defi smart contracts.  

50.00 Flr is a data provisioning network.  This is really new and really important development - it obliterates what Corder Settler does.  

51.30 Corda Settler is so much less that this system (centralised).  Might develop, but right now it is pretty much unusable.  Flr digests all the datasets in a decentralised way that can be proven to be accurate with a centralised Oracle feature to use

55.00 data collection

56.00 Verify data

56.00 two way Bridge between FLR and XRP ledger Verify collateral backing a stablecoin.

57.30 Flr is super complimentary

1.00.00  video clip Nicolas Steiger lines of credit.  Line of credits is optional to gain new users.  Better service than banks can supply to FIs.  Letters of credit could be NFTs.  

1.04 Corridors will bring clarity will get the flywheel spinning.  Tranglo will convert their huge network of wallets to these new wallets and we will see the 100 dollar XRP.

1.06.30 Defi platforms.

1.07.30  Ripple have invested into 50 Defi projects.  These are not talked and known about.  Ripple net is a hosted smart contract network, and this is a big domino in teh rollout

1.09  Escrow release how it really works.  Bob Way explained - it is conditional.  It is automated  New documentation about these conditions. Maybe the new wallets integrate with these conditions.

 

 

 

 

 

Edited by Julian_Williams
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The development is quickly shifting from exchange driven to custody/wallet driven. I'm now expecting a somewhat quick decline in the number of exchanges. Binance could be a big bang moment unless they really get their stuff together. 

But between this new Ripple development, Polysign, NYDIG and plenty of others...exchanges are being kicked out of this party. 

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1 hour ago, RipMcGillicuddy said:

The development is quickly shifting from exchange driven to custody/wallet driven. I'm now expecting a somewhat quick decline in the number of exchanges. Binance could be a big bang moment unless they really get their stuff together. 

But between this new Ripple development, Polysign, NYDIG and plenty of others...exchanges are being kicked out of this party. 

Ultimately Banks, CBDC and Fiat too.  It will be paystring wallets and aps on the internet of value, but that is the distant future.

Buy 1000 XRP and give it to your children.  In 25 years time they will be amongst the mega rich elites (just joking, this thing might not come off, but it is in that league)

Edited by Julian_Williams
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