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The information contained herein is for informational purposes only. Nothing in here shall be construed to be financial legal or tax advice. The content of this video is solely the opinions and information of our team who are not licensed financial advisors or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. We do not guarantee any particular outcome.
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views when registered : 13469
duration : 00:17:14
Here’s a summary of the content and 2 noteworthy related facts:
Summary: The video discusses the potential for a tokenized future, where financial transactions are facilitated by tokens on a unified ledger system. The guest, Augustine Carlson, discusses how tokenization could reduce costs and simplify compliance in financial transactions. He highlights the potential for a two-tier system, with XRP as the central bank money optimized for global transfers and settlements, and XLM as retail money for everyday transactions. Other speakers, including Christine Lagarde and Ramana Kumar from the National Bank of Abu Dhabi, discuss the importance of interoperability, payment systems, and the use of XRP for fast and cheap cross-border transactions.
Noteworthy related facts:
- According to the World Economic Forum’s Global Digital Asset Regulation report, over 60% of surveyed jurisdictions are enacting or planning digital asset regulations to address investor protection and financial stability.
- The National Bank of Abu Dhabi, a Ripple partner, manages over $320 billion in assets and has a presence in 17 countries, and is working with Ripple to use XRP for fast and cheap cross-border transactions.
