This summary of the video was created by an AI. It might contain some inaccuracies.
00:00:00 – 00:12:54
The video discusses Apple's partnership with Ripple for payments using XRP, facilitated by the Interledger Protocol. APIs play a key role in communication between systems, with a focus on payment request APIs to enhance payment processes. Apple prioritizes tech solutions like XRP for low costs, speed, and reliability, integrating multiple blockchains to expand customer reach efficiently. The speaker predicts potential XRP usage by Apple in transactions within the next decade. They emphasize the importance of taking proactive steps in the crypto space, learning from mistakes, and not solely relying on market trends for success. The video suggests looking beyond daily market movements towards long-term strategies for significant gains.
00:00:00
In this segment of the video, it is discussed that Apple has partnered with Ripple for payments. XRP is indicated as the cryptocurrency to be used for these payments. The Interledger Protocol (ILP) allows the transfer of information between different blockchains, enabling interoperability. ILP enables the conversion of XRP tokens into Bitcoin tokens, facilitating the movement of value across networks. Apple is collaborating with ILP to create a payment request API, which involves requesting payments between locations using an application programming interface.
00:03:00
In this segment of the video, the speaker discusses APIs (Application Programming Interfaces) and their role in allowing different programs to communicate with each other. The analogy used is that of ordering food at a restaurant, where the customer communicates with the waiter or waitress, and the chef prepares and delivers the food. The focus then shifts to the concept of a payment request API, where a request for payment is sent and processed between two different systems. The discussion further delves into the Interledger Protocol (ILP) and how it is designed to be currency agnostic, meaning it can work with any currency. In the context of an API format with Apple, specific currencies are favored to cater to a broader audience. The currencies mentioned include xrp and others, with a focus on facilitating payment requests within the Apple integration. The speaker highlights the flexibility and potential of this system for processing payment requests effectively across various currencies.
00:06:00
In this part of the video, the speaker discusses how Apple will favor technology that solves their payment-related issues, such as transaction cost, speed, and reliability. They explain that companies like Apple will choose the best solution, highlighting XRP as a low-cost, fast, and reliable option. Apple includes other cryptocurrencies like Bitcoin and Ethereum to appeal to a broader audience. The speaker suggests that partnering with a technology that integrates multiple blockchains like XRP can help Apple reach more customers efficiently. The ongoing integration of Interledger Protocol (ILP) with Apple signifies a move towards a more efficient payment structure.
00:09:00
In this part of the video, the speaker discusses the potential use of XRP by Apple for transactions within the next decade, around 2027 to 2030. It is suggested that large corporations may start publicly using cryptocurrencies, and the most efficient technology will prevail over time. The speaker advises not to get overly excited about Apple and XRP but to focus on things within your control such as creating an exit strategy and taking profits during a Bull Run. The emphasis is on looking beyond day-to-day movements in the market and focusing on actions that can be controlled for long-term success.
00:12:00
In this segment of the video, the speaker emphasizes the importance of taking action in the crypto space, suggesting that waiting for the next bullish run to benefit is not ideal. They highlight the need to learn from losses and mistakes in order to thrive in the next market cycle. The speaker also mentions their “block flow program” designed for a specific type of individual with distinct crypto needs. Additionally, the speaker touches on the news of Apple potentially integrating XRP but advises against getting overwhelmed by echo chamber discussions focusing solely on this possibility.