Mason Versluis1.5 Million+ Creator, Founder, Investor

BANK OF ENGLAND WENT OFFLINE!

Name: BANK OF ENGLAND WENT OFFLINE!
Uploaded: 2024-07-20T17:55:19+00:00
Duration: 58 s
Channel: Mason Versluis
Description: In this short monologue, the speaker denounces the Bank of England's payment systems as outdated and responsible for a recent global payments outage that…

20 Jul 2024 · 1 min

Watch on YouTube

0:58

In this short monologue, the speaker denounces the Bank of England's payment systems as outdated and responsible for a recent global payments outage that disrupted high‑value, time‑sensitive transactions such as house purchases. The speaker then argues that if the same payments were processed on Ripple's XRP network, failures would be impossible, costs would be near zero, and transfers would be instantaneous, even for amounts like $100 million. The overall message frames crypto, specifically XRP, as the superior "internet of value" that can deliver free, instant global payments, contrasting it with the perceived inadequacies of traditional banking infrastructure.

Chapters

The Bank of England just had a huge global payments issue. This is because the Bank of England is garbage. This is because their systems are garbage and outdated. This issue actually affected people buying houses. High-value payments, time-sensitive payments were all affected. Now I can tell you, if this was ran on Ripple and XRP, this would never happen. No transaction ever fails with XRP. None. It's impossible. And I could send any amount of money, for example, $100 million, anywhere in the world, and it would cost me $0. Pennies. And they would get it instantly. This is the true power of crypto, is instant payments. Why can I send an email for free instantly anywhere in the world, but I can't send money or value. It's the internet of value.