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https://www.joeparys.com/yt/crypto-course - Today I am buying $100 worth of the XRP token. In this video, we're going to dollar-cost average into our public portfolio a $100 into these Altcoins, and it is where you can track this with us.
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TIMESTAMPS:
00:00 I Bought 200 XRP Crypto Coins at $0.50
00:30 Let's take a look at our portfolio
00:57 Why am I buying XRP today?
01:12 Joe's social media
01:30 XRP news
04:34 XRP Price analysis
05:30 How high can XRP go?
06:53 Join the class & VIP today
XRP
Launched in 2021, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.
Who Are the Founders of the XRP Ledger?
In 2012, David Schwartz, Jed McCaleb and Arthur Britto launched the XRP Ledger with its native currency XRP as a faster, more energy-efficient alternative to the Bitcoin blockchain. In September that year, along with Chris Larsen, they founded the company that is today known as Ripple.
Ripple and the SEC
Since late 2020, Ripple Labs, the creators of the XRP token, has been locked in a legal battle with the United States Securities and Exchange Commission. The big question is whether or not XRP is a security.
On Dec. 22, 2020, the SEC filed a lawsuit against Ripple Labs and two of its executives on the grounds that they traded $1.3 billion in their XRP token as security without registering it with the commission. There have been arguments for and against the lawsuit. However, Ripple has strongly countered the claims, arguing that the SEC has been biased in its assessment.
The SEC uses the "Howey test," based on the Supreme Court ruling on SEC v. W.J. Howey Co in 1946, to determine whether a cryptocurrency is a security. An asset is considered a security if it is sold with the expectation of getting profits from the efforts of other parties. Based on the commission's definition of XRP in its lawsuit, the cryptocurrency would pass the Howey test, and according to SEC regulations, all securities must be registered.
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DISCLAIMERS:
Please always check with a professional before making any decisions with your money. These videos are for educational purposes only and I am not responsible for your actions in any way. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional! Joe Parys is not providing you with individual investment advice. Joe Parys is not registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. Joe Parys is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.
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I Bought 200 XRP (RIPPLE) Crypto Coins at $0.50?! I'll Be An XRP Millionaire in 2035?! (URGENT!!!)
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