I genuinely think this is some of the biggest
$XRP news I’ve ever seen.
It means we are about to step into utility on the XRPL.
Tonight, we’ve seen Brazil take their first steps towards committing to the XRPL and crypto.
We know TravelEx was / is working with Ripple for cross boarder payments, but now Brazil approve an
$XRP ETF and there is a Brazilian stablecoin launched on the XRPL.
There will be the option to trade into the Dollar -
$RLUSD and out into Brazilian Real -
$BBRL basically for free and instantly using
$XRP as a neutral bridge asset. The native DEX on the XRPL automatically routed everything through
$XRP.
$XRP is the liquidity of the network.
This is the first time we’ve ever seen anything like this on this scale in regard to crypto and Fx trade on general. It’s not the end game yet and will take time for volume potentially, but it’s a HUGE first step, bridging legacy finance and web3.
A big win for everyone in South America having instant access to the dollar for no fee.
Not to mention the DeFi opportunities this could offer etc.
Incredible.
Congratulations
@Ripple and
@bgarlinghouse a long time coming, you deserve it.
This is actually incredible for
$XRP.
Strap in guys, things are about to get wild.