EXACTLY my thoughts initially. But the explanation that these large institutions will have a partner do it makes all the sense in the world, as FI's perform takeovers i.e. buyout other entities, and have them become there [insert expertise here] division. Why would PWC not just acquire experts, especially as it'll result in them expand their business and 10xing their profits in 10 years.
As you said the banks won’t do the staking themselves. They’re just learning about CBDC and crypto. I called the DWP department of work and pension and spoke to a lady employee there and asked if crypto would affect any of my payments lreceive. She replied ‘what’s that’ OMG government staff and they don’t know what crypto is. I then said digital currency she still didn’t have a clue. So l said well you must have heard of Bitcoin. Oh yes she said. Off she went to check with her supervisor and came back and said so you are thinking about purchasing Bitcoin. No, l said there are 1000’s of different crypto currency’s. Anyway l gave up after trying to explain. She thought l was an idiot talking about something none of them knew about. I can’t believe how many people are living like the walking dead unaware of what is happening in the world.
Your experience with that phone call just comes to show how early we are in the crypto landscape. A lot of people are still clueless about crypto. But once they do get with the program and it becomes typical household talk, we will be miles ahead in our investments which those other ignorant people could only wish they learned as early as we did. Truth.
You also mentioned in one video that corporation’s like Uber would be buying tons of XRP . Which is not how ODL works . Ripple uses XRP for ODL, not the institutions.
Got me thinking.... Maybe the partner that also knows what to do could be Ripple themselves.... Imagine that... Staking your XRP back to the very people who created it 🤔😂
20K subs!!!! I'm happy for the success of these videos. They put you on the map where you have deserved to be. Can't wait for that round of golf in pebble beach after xrp blows.
Nice to see a Brit that knows what theyre talking about, have just subbed. Institutions may well offer staking services as you suggest, but they dont take custody of it, but as you reckon, use their partners to do the staking, they will still get a setup fee. Lot easier to stake it yourself, using institutions could still mean you could lose your crypto just as you could lose your fiat if the banks get in the s****. Not your keys, not your crypto.
That makes no sense man, so they're going to rely on a partner to do the staking and if something goes wrong they wash their hands from the mess and blame the partner...make no sense all
No they will not. Flare will. This is not Ripple main expertise. Ripple specializes in cross border payments and ODL. Hence why they are going to use Flare Network to allow holders to maximize
This is insightful. I'm intrigued with your depth of understanding. Looking forward to your next video and your tutorial on BITGET to cold storage for crypto 😀
Yep! Nail on the head!!! It will be Polysign. This video is 1 of the best in the space! Do you mind if i put it on twitter? Institutions will act like a broker, but the actual lender will be Polysign and potentially others.
Depending on the amount of Xrp you hold, you can become your own institution & stake it yourself… I don’t trust the Government nor institution, just like the Government Confiscated gold back in the day..
"we do not offer this service" is not the same as "we will not offer this service". Plus, most if not all are under NDA's and would be in serious trouble if violated. Most big companies don't handle any of their own stock transactions, dividend payments etc. They pay transfer agents to handle all the dirty work and wash their hands of the administrative end of it.
Referring to the comment of Inhouse dev vs outsourcing. This is a real-world problem and issue. I will give you an example. BBC needed an Asset Management System for Video. They decided they could develop it themselves. Well, a 100 million Pounds later, the parliament by now has stepped in. In the end, the BBC went with an outside vendor for a few million quid. It is not just an inhouse lack of technical expertise. Doesn’t matter of its Blackrock or PWC or the BBC. Its also…inertia. Politics. Layers of decision makers and management. Inventing a new business and technology is allot harder for a business culture, and it just is easier to outsource it.
In the U.S. i went to Coinbase, bought USDC, transferred my USDC to Kucoin and traded my USDC to XRP. Then moved my XRP to my XUMM wallet immediately. No mandatory wait time
Why would we need financial institutions, if we can go directly to crypto lending and staking platforms like Nexo, and others? Wouldn’t that just make the institutions the middleman? What’s the benefit?
Also ripple owns the patent and has built the ecosystem. Bank of England won’t use bank of americas coin. It’s a done deal ripple are the plumbers of the NFS
Personally I think they will use coreum for staking built by the team at sologenic. It launches its main net in Jan 23 and will be one of the fastest out there and connects all blockchains .
I disagree that large financial institutions are out of their depth when it comes to crypto. If there is money to be made in crypto no matter what it is, they will get the knowhow. If this is indeed the way it will go, large financial institutions will either bring custody and staking in-house or ship it out to a 3rd party depending on where the value is for them.
I am truly enjoying the insightful information you share on UA-cam since coming across your channel a few days ago. Yes a video on how to move our money from Bitget to a cold storage wallet would be really great. Thank you so much for taking the time to go through the documents you bring to us as viewers, may you be blessed.
Hey Winata. The ledger cold storage wallet is the best option. Here are my preferred (I personally hold my XRP and XLM on The Ledger nano X paired with a Bilfodl) Ledger Nano - shop.ledger.com?r=16fc6f065f80 D'Cent Biometric Wallet - dcentwallet.com/products/BiometricWallet Watch this out: ua-cam.com/video/iDcItBHRX7A/v-deo.html
Probably something similar to what happened with Celsius that in the case of insolvency only the bank will be FDIC insured and not the 3rd party customers making the banks more comfortable with adopting this type of "staking"
Looking at the document, it doesn't seem that PWC will be staking themselves. They are offering advisory services around how to implement it and structure for institutions and funds that want to stake. Big 4 usually can't hold assets like a bank because of audit regulations etc.
Hi, i really like your chanel , and first time in my life i join to some chanel . I am a long time XRP holder, since 2021 , unfortunately didn't pay off yet, and many other sh... project's did ... , but i still belive in bright future of XRP ( also ADA ) . Do you know for any good project under XRP network, where i can try to invest some money with larger leverage , cose XRP is going to be long term investment ?? Thank you .
Lewis, I have an important question about staking. Have you heard of dexpool? It claims to stake Xrp, but why does everyone claim Xrp is not able to be a proof of stake???? Am I being scammed by this large Japanese company. I have actually made Xrp from staking Xrp can you help?
thank you!! I have bought a wallet just this week. I surely want to know how i can sent crypto to my wallet from out of bitget. Bacause i sent it directly to my wallet and it never came. But where the f. it is gone??? I will wait for your content about this!
yes, I know a lot of bankers and none of them knows, what´s going on, even people in higher positions, it is really unbelievable, biut there is no reason to believe, they play,
Can you deposit into bitget using Credit card GBP fiat? I’m still trying to find out how l can buy Xdc with credit card. I was told uphold but l don’t think you can withdraw your Xdc to hard wallet for Xdc on uphold.
Non-custodial staking is the way to go. We don't want to give our digital assets to the same people we withdrew our funds from in the first place.
I just commented about this. So true.
Sounds like these folks may be under an NDA
agree 💯
EXACTLY my thoughts initially.
But the explanation that these large institutions will have a partner do it makes all the sense in the world, as FI's perform takeovers i.e. buyout other entities, and have them become there [insert expertise here] division.
Why would PWC not just acquire experts, especially as it'll result in them expand their business and 10xing their profits in 10 years.
That’s because they are. Friend works for ripple and has confirmed it.
As you said the banks won’t do the staking themselves. They’re just learning about CBDC and crypto. I called the DWP department of work and pension and spoke to a lady employee there and asked if crypto would affect any of my payments lreceive. She replied ‘what’s that’ OMG government staff and they don’t know what crypto is. I then said digital currency she still didn’t have a clue. So l said well you must have heard of Bitcoin. Oh yes she said. Off she went to check with her supervisor and came back and said so you are thinking about purchasing Bitcoin. No, l said there are 1000’s of different crypto currency’s. Anyway l gave up after trying to explain. She thought l was an idiot talking about something none of them knew about. I can’t believe how many people are living like the walking dead unaware of what is happening in the world.
Your experience with that phone call just comes to show how early we are in the crypto landscape. A lot of people are still clueless about crypto. But once they do get with the program and it becomes typical household talk, we will be miles ahead in our investments which those other ignorant people could only wish they learned as early as we did. Truth.
I’ve had the same experience and tell them to buy XRP
Let us know more about how to open Swiss bank account. Would be nice to have info.
You also mentioned in one video that corporation’s like Uber would be buying tons of XRP . Which is not how ODL works . Ripple uses XRP for ODL, not the institutions.
Got me thinking.... Maybe the partner that also knows what to do could be Ripple themselves.... Imagine that... Staking your XRP back to the very people who created it 🤔😂
Did you hear about the Swift Chainlink partnership YESTERDAY, supposedly making ALL CRYPTOS ISO20022 compliant??
hey dear i got 500 dolar xrp. i do wrong or good thing?
@@DrivenA111 even if so, XRP/ RIPPLE tech is 1 of 1… I Am zero percent worried
Just stake it on Flare
20K subs!!!! I'm happy for the success of these videos. They put you on the map where you have deserved to be. Can't wait for that round of golf in pebble beach after xrp blows.
Agreed, but I think there will be staking options available to us without going to the institutions as well. We will have options 👍🏻
Yes with Flare Networks as he mentioned.
any Idea where to go for that kind of staking??
I agree ! Exciting Times :-)
Nice to see a Brit that knows what theyre talking about, have just subbed.
Institutions may well offer staking services as you suggest, but they dont take custody of it, but as you reckon, use their partners to do the staking, they will still get a setup fee. Lot easier to stake it yourself, using institutions could still mean you could lose your crypto just as you could lose your fiat if the banks get in the s****.
Not your keys, not your crypto.
Why would institutions give us staking yield if they don't hold custody of the tokens?
That makes no sense man, so they're going to rely on a partner to do the staking and if something goes wrong they wash their hands from the mess and blame the partner...make no sense all
Yoo tee called it about polysign
The dots are starting to connect
Polysign. Had this wrapped up a while ago. Polymesh and atomic settlement. They have atomic settlement it's game over!
ripple will provide this service itself.
No they will not. Flare will. This is not Ripple main expertise. Ripple specializes in cross border payments and ODL. Hence why they are going to use Flare Network to allow holders to maximize
Ripple will probably be wrapped under the US Treasury. It cannot go public or else our adversaries would buy majority stake in the company.
This is insightful. I'm intrigued with your depth of understanding. Looking forward to your next video and your tutorial on BITGET to cold storage for crypto 😀
Please do a cold storage wallet tutorial!
Hi Lewis - about how much XRP do you think is needed for staking? 10k, 20k, more? Thanks!
Yep! Nail on the head!!!
It will be Polysign. This video is 1 of the best in the space! Do you mind if i put it on twitter?
Institutions will act like a broker, but the actual lender will be Polysign and potentially others.
You can post it wherever you want.
Depending on the amount of Xrp you hold, you can become your own institution & stake it yourself… I don’t trust the Government nor institution, just like the Government Confiscated gold back in the day..
That happens regularly in corporations not unusual that Hayden hasn't been told yet
Yes we are interested in the dates n calendar and keep the vids coming and thank you..
"we do not offer this service" is not the same as "we will not offer this service". Plus, most if not all are under NDA's and would be in serious trouble if violated. Most big companies don't handle any of their own stock transactions, dividend payments etc. They pay transfer agents to handle all the dirty work and wash their hands of the administrative end of it.
Wouldn't it just be logical to stake on the xrp ledger?
Yeah… perhaps flare integrates with ledger?
Black rock is also partnered with Coinbase!
Referring to the comment of Inhouse dev vs outsourcing. This is a real-world problem and issue. I will give you an example. BBC needed an Asset Management System for Video. They decided they could develop it themselves. Well, a 100 million Pounds later, the parliament by now has stepped in. In the end, the BBC went with an outside vendor for a few million quid.
It is not just an inhouse lack of technical expertise. Doesn’t matter of its Blackrock or PWC or the BBC. Its also…inertia. Politics. Layers of decision makers and management. Inventing a new business and technology is allot harder for a business culture, and it just is easier to outsource it.
Who controls the validation of the validators?
In the U.S. i went to Coinbase, bought USDC, transferred my USDC to Kucoin and traded my USDC to XRP. Then moved my XRP to my XUMM wallet immediately. No mandatory wait time
POLYSIGN.......WOULD TAKE OVER THE CUSTODY / STAKING......SECURE AND QUIET LIKE.
you just hit it, yes polysign and Flare Network that will be the key.
No matter what the answer….. we’re not meant to know the answer right now
Very..called fidelity and they had no idea.
Yes I would like the tutorial on moving crypto to cold storage.
I’m interested in the instructions of how to move the money into cold storage. Thank you for all your help!
Dude!!!,…you picked your nose and immediately wiped it in your hair!!🤪,….just kidding,…love your videos!👍🏻
You are quite correct it's already happening, I've been "staking" my crypto with Nexo and they have recently partnered with an american bank.
Lewis, you must always whisper "Polysign" when speaking of it! :)
Why would we need financial institutions, if we can go directly to crypto lending and staking platforms like Nexo, and others? Wouldn’t that just make the institutions the middleman? What’s the benefit?
WHY DO YOU THINK BLACKROCK HOOKED UP WITH COINBASE
Great thinking. Keep on top of this. It's all going to be a test coming very soon.....
This is a good one!!! 😃 I would like to know more about that other exchange please
Very good stuff, Lewis! Looking forward to the Bitget info. Your content is seriously good, please keep it up!
Also ripple owns the patent and has built the ecosystem. Bank of England won’t use bank of americas coin. It’s a done deal ripple are the plumbers of the NFS
Finally some sense, Handing custody to institutions is mental. However the Cardano staking model is perfect.
specialism? it used to be specialization....
Personally I think they will use coreum for staking built by the team at sologenic. It launches its main net in Jan 23 and will be one of the fastest out there and connects all blockchains .
I think you are correct. I've been listening in on the banking discussions and they mention the fact that they won't handle things like this directly.
I disagree that large financial institutions are out of their depth when it comes to crypto. If there is money to be made in crypto no matter what it is, they will get the knowhow. If this is indeed the way it will go, large financial institutions will either bring custody and staking in-house or ship it out to a 3rd party depending on where the value is for them.
ok there is one thing that bothers me, as far as i know then having his name on the document would be illegal?
Does Polysign offer a token? If so, where can it be bought?
I am truly enjoying the insightful information you share on UA-cam since coming across your channel a few days ago. Yes a video on how to move our money from Bitget to a cold storage wallet would be really great. Thank you so much for taking the time to go through the documents you bring to us as viewers, may you be blessed.
Hey Winata. The ledger cold storage wallet is the best option. Here are my preferred (I personally hold my XRP and XLM on The Ledger nano X paired with a Bilfodl)
Ledger Nano - shop.ledger.com?r=16fc6f065f80
D'Cent Biometric Wallet - dcentwallet.com/products/BiometricWallet
Watch this out: ua-cam.com/video/iDcItBHRX7A/v-deo.html
phone yourself calling these guys would be a better video that way
looking forward to your tutorial
How can we ask and get answers to questions? Email? To many scammers for anything else
Banking institutions are in the weeds and haven’t received instruction on how to handle crypto
yeah get that Bitget tutorial up Buddy. love the content
I heard that about polysign a year ago
Big short, Frontpoint, wrong number.
Probably something similar to what happened with Celsius that in the case of insolvency only the bank will be FDIC insured and not the 3rd party customers making the banks more comfortable with adopting this type of "staking"
Looking at the document, it doesn't seem that PWC will be staking themselves. They are offering advisory services around how to implement it and structure for institutions and funds that want to stake. Big 4 usually can't hold assets like a bank because of audit regulations etc.
Im reading the damn doc RIGHT NOW...its legit!! The crazy thing is that they have a rep (like Haydn Jones) in EVERY COUNTRY....😲
I thought blockchain was being handled by starlink
Hi, i really like your chanel , and first time in my life i join to some chanel .
I am a long time XRP holder, since 2021 , unfortunately didn't pay off yet, and many other sh... project's did ... , but i still belive in bright future of XRP ( also ADA ) . Do you know for any good project under XRP network, where i can try to invest some money with larger leverage , cose XRP is going to be long term investment ?? Thank you .
Swissborg offers staking on XRP. I have been using this service for long and it works well ...
That guy is lying. He was deflecting and playing dumb!! 😂😂😂
Lewis, I have an important question about staking. Have you heard of dexpool? It claims to stake Xrp, but why does everyone claim Xrp is not able to be a proof of stake???? Am I being scammed by this large Japanese company. I have actually made Xrp from staking Xrp can you help?
I’m interested in the Bitget video 👍🏾
Just thinking outside the box here, just maybe the document you was looking at was a very clever scam??
didn't the people at polysign recently state their service would only be for institutions and not retail?
I looked up Polysign to see if I could buy in, but no info, let alone stock or token 🤷♂️
thank you!! I have bought a wallet just this week. I surely want to know how i can sent crypto to my wallet from out of bitget. Bacause i sent it directly to my wallet and it never came. But where the f. it is gone??? I will wait for your content about this!
I emailed the UK guy at pwc the same day as i watched your video and have not received a reply yet hahahahh hahahha
Maybe they dont want people staking ,instead want them to sell so t
Institutions can buy it all
I think Ripple will also offer custody for XRP and other crypto
how about staking now with nexo safe cheers
Could the document be fake? I mean just a thought.
XRP is at.40 something cents...
PLEASE talk more about Bitget!! Uphold has been difficult.
Check the link
Bitget (ZERO trading Fees and No Buy/Sell Limit on XRP) partner.bitget.com/bg/LewisJackson
Is polysign a crypto? How can I invest in polysign
Thankyou, looking forward to see your list of dates. Your work is much appreciated
I got the same response from the guy i called in Suisse
I think institutions will definitely be handling it but I think you bumped into a little NDA action my friend.. probably made them shit themselves lol
Is there a way or place to invest in Polysign yet?
PWC would provide advisory services only, nothing else.
it's not that they don't know what's going on, it's that they're all under very strict NDA's
Thank you for the correction and information.
Polysign
Maybe coinbase? Did blackrock buy cb?
Oof run
Bitboy just did a vid that ftx is making a move.
Yo Lewis man thanks for this and your time.
Can someone please explain to me what happens if polysign doesn’t let retail holders in? What happens then?
yes, I know a lot of bankers and none of them knows, what´s going on, even people in higher positions, it is really unbelievable, biut there is no reason to believe, they play,
Waiting for the Bitget info. Keep up the good work!
Hey, here is the tutorial:
BitGet to Ledger Tutorial - drive.google.com/file/d/1xtaz...
Not your keys not your crypto
Did you record the calls (How did these folks sound when speaking)?
XRP is not proof of stake!
Flare network.
Can you deposit into bitget using Credit card GBP fiat? I’m still trying to find out how l can buy Xdc with credit card. I was told uphold but l don’t think you can withdraw your Xdc to hard wallet for Xdc on uphold.
Xrp is the future, keep holding in tangem
Polysign for sure
hi Lewis 👋🏼. 👏🏼 great stuff. thank you!
thanks!