Bcause LLC an SBI HOLDING, Lanches 1st One-Stop Crypto, IBM Stellar Money 20/20 Asia, Bitrue XRP

hey hey everybody its Eddie from Tokyo this is your cryptocurrency update from Japan Wow we know now what the big announcement was for stellar and IBM Jessie lund had been leaking some information over the course of the last month and a half and I think built a lot of hype I was expecting something really big because that was the way he was making it sound but we find out that this is nothing more than six banks who have signed letters of intent to work on the protocol that IBM is using in conjunction with Stellar's technology so it's a straight-through model is how they explain it for cross-border payments and they're using the stellar protocol and it's still being attached to fiat so in regards to these stable coins like we learned when JP Morgan announced their stabl coin there isn't going to be any interoperability so I just don't understand what it is that they're thinking and in addition to these stable coins they're still pending final approval from the regulators as these banks are stating so we have a bank that is the band Oban disco in Brazil we have the Poussin Bank in South Korea the resolved commercial bank which is a Chinese bank in the Philippines along with three unnamed banks but they will be using the euro and the Indian Indonesian Rupiah Wow ah you know let's just go back again to what mr. Garlin house said about these stable coins it was when we learned about the JP Morgan coin he said that we're going to have all these different coins he was right and we're back to where we are there's lack of interoperability he couldn't be more correct one bank having its coin tied to its local Fiat is not going to be used I mean what's the purpose actually because that's the whole beauty of XRP is that it's not tied to a local currency and there is no competition with the banks who decide to use XRP so I think that's what really everybody needs to understand this announcement was really a lot to do about nothing there is however 300 and some speakers at the money 2020 in Singapore and they are six stages going at once there's going to be a lot of additional announcements coming out I think Ashish Birla spoke earlier today and you can find out what's going on by either going to the Twitter site because they do have some snippets in video or you can access this money 2020 TV site on YouTube and no doubt we're going to learn a lot about what what is happening in the space ok yesterday I talked about a very interesting kind of secret project that Visa was doing and it's a crypto team that they're building so the the crypto team is not a secret but actually what they're going to do is still quite unknown very much like Facebook is building their crypto team but we don't know exactly we don't have the details we have just some ideas and rumors as to what they're doing but somebody had left a comment in the comment section that earth port was no longer a partner of ripple and that they'd been taken off their website however that's just not the case I'm on the ripple website now and you can see with the listing of earth port they're still there and this is very current – you can see that BTech is listed that's a new partner and Instagram is on here and that's a new partner so earth port is a very interesting partner and since they're becoming acquired by Visa it is really I think a big story for ripple and XRP the partnership a collaboration actually started back in 2014 and then it was in 2016 that earth port launched the distributed ledger hub and you can see here that in this partnership earth port announced the launch of an API that makes the bank's connection to ripple for cross-border payments more convenient and accessible for smaller institutions and I can also go back to an article that was written on the I treasure just May of last year and this is when Stuart Wilson who's a very interesting guy actually he spent 13 and a half years with American Express but at this time he was with earth port and he talks about that leveraging ripple ensures that all parties in the transaction have a pre signed agreement to exchange funds recorded in a resilient tamper troof tamper proof shared ledger and this allows earth port to execute the financial transfer with full confidence and blockchain technology excels at bringing transparency to agreements between institutions and participants so he said so we know that they were still very active with using ripples technology just in May so that is why I am very much interested in this acquisition that visa is making especially now since they are also building a crypto team and here we go with further clarification on what the government is going to do here so there were two reasons why mr. ki Tov SBI decided to hold off on in doing the margin trading and putting in the live board and here we see that Japan has further come along with defining the new regulations for margin trading so yesterday the Nikkei reported that the amendments to Japan's financial instruments and payment service laws is going to move forward and they're going to limit the leverage of cryptocurrency margin trading to two to four times the initial deposit and that of course is all about when you use borrowed funds from a broker to trade a financial asset that's forming a collateral for the loan and it's it's very high-risk and there are exchanges right now in Japan that are doing up to 25 times or even higher I'm not sure but I know for sure 25 times and the government is a little concerned with the safety for the trader and also they with a light hand are trying to get more consistency among the exchanges in Japan and they are pushing for that to be defined and that really was a true gray area and lack of clarity because it's in the middle of being changed right now which is why the SBI VC trade site kind of had some delay so that is good that we're seeing it come to a more clear situation it's actually interesting in this article it says that the new rule will be reportedly coming into force April 2020 so they'll give the exchanges some time to make their changes but the fact that they are going to decide on exactly how high the margin trading can go is what mister Q tau needed and speaking of SBI Holdings this is an interesting story so it has legs it actually started back in 2017 when SBI led around the funding for a company in the United States and that company is called because now because knew that cryptocurrency wasn't just an asset they also knew that it acted as a currency and more importantly a stock and that means that it is an asset that can be traded so with this investment that was led by SBI SB I took a 40% holding of because LLC and they also provided a significant amount of gear to their collocation in Virginia Beach for mining and they do have an office in Chicago Illinois but they also operate I think they're mining farm in Virginia Beach so you can see here that mr. ku tau is quoted as saying that it is important to have a long term relationship that will advance the development and widespread use of digital currencies around the world and this investment was going to and did provide them to be the first US regulated designated contracts market exchange in the cryptocurrency derivatives market in the United States and soon they went on their way to build this ecosystem so the ecosystem has four areas digital mining spot trading derivatives exchange and a clearinghouse and they want to be the one-stop shop for all parts of digital currency value chain and you can see their operations are in Chicago so they went on their way they were building and we just learned from a tweet on the 13th of March that News Alert Nasdaq tells us that because LLC the creator of the world's first full stack cryptocurrency ecosystem will operate on Nasdaq's matching engine clearing and market surveillance technology via the Nasdaq financial framework platform it's very difficult to become a user of this technology and what I found most interesting is when you look at the reasons why it is believed that because believes that a lot of the institutional investors didn't want to come to the space because the market needed to be more mature it's necessary for companies to have clear control over irregular activities on their platforms and with Nasdaq's technology it is possible for companies to understand whether there are individuals laundering money or manipulating the markets so the digital currencies have been expanding of course we know all over the world but the infrastructure has remained behind and institutional investors did not enter the market as many expected in the past so the main reason is the fact that many things must be enhanced before institutions enter the space so I think that we're going to see this go live in the first half of 2019 so it's going to be very very soon and the startup will become the only venue that works as a one-stop shop for all parts of the crypto value chain so mr. Quito really picked I think a very good investment here it's may be speculative to think but possibly he wants to use this technology for his site here I don't know that but it makes me think that there is a possibility a right and thanks to bones 1,000 bones out there he let me know about the bit true promotion this is interesting so bit true has something that's going to happen for just a two-week period from March 25th – April 1st what you do to enter to win these air drops is you follow and retweet and then you hold an asset and it can be any asset any token or coin on their website of $100 or more trade at least once during that period of March 25th – April 1st and there's going to be a lottery of a hundred XRP in a random drop for each so that's kind of a fun promotion bit true is a really great place to get a large selection of XRP trading pairs and if you are looking for some fun and looking for somebody who has a fantastic selection of trading pairs for XRP bit true is one you want to look at okay everybody I'm moving to the fluff we are kind of staying with lottery here so in Japan of course there is pocket oqg which is the place that you go to to buy a scratch-off or you can buy the traditional one that once a week or once every so often they will announce the numbers and I think there's a lot of people who do lottery here it seems to we have there's these lottery sales kiosks everywhere so obviously people are big fans of lottery here in addition to the taco tokuji there's also a very interesting lottery that occurs inside the convenience stores so the convenience stores will have an end cap and a display on that end cap of items that are chosen through a lottery that you pick out of a box so it'll have sometimes movie characters like we see Star Wars I picked Star Wars because I know that digital asset and Wester he loves Star Wars so I thought okay this is for die but it also could be gosh it could be the Japanese soccer team and you can buy or you can choose to have a lottery for little keychains all the way to maybe some jerseys it always has a lot of small items and then some one big prize I think in this one it's a down comforter with Darth Vader on it so you can see it's quite fun and the lottery system works very well for this business model too and one more way that you we see lotteries in Japan are for the very popular music groups this is exile they are extremely possible popular and it's impossible to get their tickets so they do a lottery through the fan clubs and this has 19 member in the group this is actually Ned Smith over here his dad is American but they are amazing dancers so they sing but they dance and boy do they dance if I just show you really quick here their choreography is unbelievable so you know there's always a story behind a story right and I wanted to find out exactly who it is is Reese with them to bring them into this level of amazing dance and it is via Tata she is Japanese born and she is a slice of modern-day culture so you know I love traditional culture but there is a lot more to Japan than just tea ceremony and Banzai there is a very amazing modern day culture she is a perfect example of that and she just today uploaded a gap commercial or ad that she did with modeling their trench coat and she is just a piece of cool Japan I'm telling you a couple weeks ago she was at the AG a-ha which is a big dance club two stages it's all about if you love music and you love dance this is where you need to go when you come to Tokyo the venue opens at 11:00 p.m. and goes till 5:00 a.m. and she was there in the performance so she has a huge following and you can find her on YouTube if you are interested in seeing what she does she's really special okay everybody that's all I have for you today do take care sayonara for now bye bye

37 thoughts on “Bcause LLC an SBI HOLDING, Lanches 1st One-Stop Crypto, IBM Stellar Money 20/20 Asia, Bitrue XRP”

  1. Hey hey dumb ass. R u a Ripple paid agent?? All the XRP investors only focus on xrp price. So dumb ass, make a video – why all these mega/huge/massive news for XRP but price is not moving.??? Is XRP a scam??? Is XRP ledger fake??

  2. Hey Eri, great show. Been away a few days and catching up. I see Earthport has now been removed from Ripples website. Do you know what this may mean?

  3. Crypto investing is tough quite alright but not as difficult as it may seem if you follow the basic rules and don't love or get emotional with your coins. It is volatile and scary at times as things can fly up and down at extreme rates. If you are not careful, then you risk massive losses. To ensure continuous profitability, make sure you learn, be careful and do not listen to stupid things most Crypto traders say on youtube and other forums as they are lots of speculators in the market who tell you XRP is going to moon or BTC is at its dip and a reversal is sure and you even lose more money holding on to coins because they said so. The truth from my personal experience is that trading daily is far safer and more profitable than HODling with so much uncertainty in the market. I have lost over 8 BTC value HODling for one year and have gained over 13 BTC in less than two months, something I am sure is a daydream for most hodlers. You have to be careful though and be exceptionally good in your T.As, reading the news and understanding the trend correctly. I would also like to stress is that if you aren't 100% sound in these, you should make contact with someone with good experience and trade history to help you through. Someone I would highly recommend is James Long **(jameslong241 @ Gmail. com). His analysis is sound, and his trade signals and strategies are some of the best out there to follow. He helped me recover my losses and make gains I find hard to believe.

  4. Thank you again, when xrp moons you will be getting thank you xrp from all of us who watch you. Aint that right team?!?!?!?!

  5. I enjoy your content over most that just speak hype of every bit of news that comes out. You're very well composed. Mostly I really appriceate an imperturbable mature video.

  6. Eri, I dont see earthport on ripple's site on my computer. idk what you are looking at but its not there but it shows on yours. You live in japan and i am not, maybe there are two different sites idk. But mine shows no earthport :/

  7. hmmm. Japan says April 2020 and America Federal reserve wanted faster payment system by 2020… chew on that for a little bit…

  8. Question is…. If all the banks come out with their own super cheap and quick money transfer schemes, what is the need for inter operability?

  9. i wonder if companies such as VISA, PayPal, Mastercard are buying these companies then cancel partnerships in the future to reduce competition with Ripple?.

    i hope not!!

  10. Bitrue… The promotion looks goofy. Perhaps everyone who enters is a winner. However, what the winners get is ONE or more XRP. That means, thirty one cents value for most entrants. The grand prize is 100 XRP which has a value of US$31.00. Whoopie.

  11. Great report !! Too bad that the Stellar announcement wasn't more dramatic, but it's a start, right. I'm glad to see that Japan is addressing margin trading. More countries need to address the subject to keep thing more honest and, to be fair, more rational.
    Thanks again, for all you do !!

  12. That's the issue with Crypto, we all hype and build up "amazing news" to be let down by, delays, big news being not big news, Always dissapointed. A lot to do about nothing.

  13. Hi Eri, Wonderful video, something needs to happen with the prices of crypto. We have been stuck in a price range that not many care for way too long and people are giving up on where crypto is going. I think a break from all the news, talk, and videos my be in order! Thank you for all your hard work!

  14. Bcause is huge. Talk about under the radar. Also, this means regulators have known what's up for a long time. That means these delays are deliberate allow the powerful to get on board, make the appropriate accommodations, and even make allowances for the hold outs (whiny cry babies) who are only now getting on board because the writing is on the wall and their obstinance didn't work out. BTC at $4k for this long? It clearly wants to go up. The only question is whether or not BTC was the target of this attack all by itslef, or if other coins were the target but we're controlled indirectly by tanking BTC. Dowsnt really matter, either way it has been deliberate. It will soon be over.

  15. Fucking xrp shill πŸ˜‚πŸ˜‚πŸ˜‚ you controlled oppositions downplaying this XLM news is exactly why I sold all xrp for xlm.

  16. The thinking behind the stable coins is to give the customers any choice for a bridge asset. Even XRP can be used. These banks are so slow to change they feel they have to make their own. In the end XLM & XRP will be used the majority of the time I'm sure. Plus even if they are using other coins other than xlm the value of the network increases as more activity is on it. I can't remember the name of the effect maybe the Lindy effect but you would know more about that. Let me know your thoughts

  17. I think people are so fixated on XRP that any good progress made by any project in the same space as XRP is discredited or made out to be an enemy.. That is so sad to see.. You tubers fuss about Bitcoin maximalists but XRP cultists don't take a look at themselves

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