…dapt digital asset treasury and um that's basically when a company wants to go ahead and add a crypto asset onto their balance sheet or their treasury etc. and this company actually did it the right way. In addition to that, it sounds like those of you who don't ever want to sell your XRP might have that opportunity soon, which again, you guys know I disagree with that. I'm very much take profit, realize profits, enjoy your quality life. But if you want to hold your XRP forever, it looks like President Monica Long dropped some alpha at one of their events during Korea Blockchain Week. Let's go ahead and talk about that and then we'll talk about Evernorth and the iconic thi…
those of you who don't ever want to sell your XRP might have that opportunity soon, which again, you guys know I disagree with that. I'm very much take profit, realize profits, enjoy your quality life.
AI-extracted context
In addition to that, it sounds like those of you who don't ever want to sell your XRP might have that opportunity soon, which again, you guys know I disagree with that. I'm very much take profit, realize profits, enjoy your quality life. But if you want to hold your XRP forever, it looks like President Monica Long dropped some alpha at one of their events during Korea Blockchain Week.
Full Transcript
XRP is definitely the standard when it comes to 2026 primarily because there's a treasury company that actually did things properly well adapt digital asset treasury and um that's basically when a company wants to go ahead and add a crypto asset onto their balance sheet or their treasury etc. and this company actually did it the right way. In addition to that, it sounds like those of you who don't ever want to sell your XRP might have that opportunity soon, which again, you guys know I disagree with that. I'm very much take profit, realize profits, enjoy your quality life. But if you want to hold your XRP forever, it looks like President Monica Long dropped some alpha at one of their events during Korea Blockchain Week. Let's go ahead and talk about that and then we'll talk about Evernorth and the iconic thing that they're doing with their stock and how much it has been valued or pumped. And remember, this is not financial advice. Also, remember, pay attention to crypto or to tra traditional companies that want to add crypto to their balance sheets and that are actually going to be integrating it into the daily operations of their companies. Those are the ones that you want to pay attention to. Now, here's the clip. And what we're working on is with the lending protocol when when that's activated um being able to use pools of XRP that are uh you know loaned into the pool uh to to use that XRP as collateral um in order to fund some of those um payments for our customers. So um it's payments credit meets XRP ledger and the lending protocol. So, first off, shout out to Jack the Ripper from X for this clip. This is an iconic clip of President Monica Long, and she's talking about the use of XRP pools, which is kind of like a DeFi aspect of lending and borrowing and everything in between. But I don't necessarily think it's going to be fully decentralized because again, Ripple is extremely extremely compliant when it comes to anything Trafi and they have different standards because they operate differently and that's not a bad thing any way, shape, or form. But the fact that they're actually talking about this and that retail might get a seat at the table is incredibly important because that's what a lot of you guys want. So these pools are using the pools because Ripple's working on creating them. Um basically be pools of loan XRP through the XRPPL lending protocol. Pool XRP could be used as collateral to help fund customer payments. And this could allow XRP holders to put their XRP to work while providing liquidity for Ripple payment flows. Then this would allow XRP holders to take advantage of the broader XRPL lending protocol designed to let institutions borrow against assets and as and access liquidity without having to sell them. Um basically she described this idea is bringing payments credit XR payments credit XRPL and lending together. And again the feature is not live yet. It is still being developed but again this is pretty revolutionary when you think about it. And I understand that we already have DeFi and crypto and we already have some types of lending things when it comes to XRPL, but nothing like Ethereum. And that's essentially where Ripple's ecosystem lacks is we don't have that DeFi aspect like we have on Ethereum or like we have on Salana. And this is kind of bringing it to but it's also allowing retail to participate directly with institutions. However, this just came out. We don't have any more information. So, we're going to have to see what this looks like in the future because it could change. Now, let's go ahead and talk about XRP's treasury company. Well, no. Evernorth, the XRP treasury company. So, they're going to go ahead and do this big merger with their little stony stock over here. Okay. So, basically XRP treasury firm Evernor's ESPAC quadrupled last week. Okay. With XRPN briefly hitting $53 ahead of Wednesday's merger close. We are currently August 5th. Wednesday is going to be the 7th and this is expected to go live. XRP NASDAQ trading on the 8th. But again, be patient because it's Trafy and sometimes there are delays. But basically, Armada shares surged about 273% last week ahead of its merger with the XRP treasury company, Evernorth. And this is a company that we've been talking about for a while because they seem to do things properly and actually integrate XRP into the a lot of the operations and things they do. And if you forgot what Evernorth does, this is what they do. They're an XRP treasury company. They have public stock access and they have yield generation and they also offer ecosystem investments, which is important capital flowing in and out, liquidity, volume. And as far as Armada goes, Armada serves as a public gateway vehicle for Evernorth. And before XRP, Armada Acquisition Corp. had a standard life cycle as a traditional tech focused specialurpose acquisition company, ESPAC. So it makes sense that they're kind of with Evernorth. Anyways, as of right now, Evernorth expects to hold around 473 million XRP, worth roughly 714 million at current prices. And the deal is expected to bring in about 300 million in gross cash proceeds. And Everor says it will become the largest publicly traded XRP treasury firm for now. We don't know if others are going to follow suit or what the future holds. Either way, this is setting positive president. Now, you still do need to be careful when you're playing around with stocks. There is risk associated and this doesn't guarantee that XRP is going to go to 589. Okay, thank you for watching. Drop your thoughts below. Wanted to give you guys a big update on this because it dropped over the weekend. I wasn't able to. Good night.
Comments 0
Sign in to join the discussion.
Sign inNo comments yet. Be the first to share your thoughts!