$XRP Second, third and fourth
The digital asset as long as it is not classified as a financial document
If so, it will become a virtual commodity
The virtual commodity needs trading funds supported by institutions
Simply like gold
Create trading funds for gold; you have the right to buy a part of it or large quantities, and trading is for profit, and you have the right to sell it and profit from the price difference, which is done under conditions such as having your identity known KYC and there are no money laundering or terrorism financing cases
If XRP is a virtual commodity for trading, utilizing its blockchain network to specialize in linking banks and their payments with each other
Thus, its network becomes specialized as a bridge only between banking institutions
This is how it will be
Bitcoin
And Ethereum
And XRP
Virtual commodity
What are the conditions for the comprehensive digital currency?
First... ((((Non-profit organization)))) producing decentralized international blockchains issuing a financial document (stable)
Subject to the conditions of the U.S. Securities and Exchange Commission and the requirements of all countries of the world for the second condition
Secondly... the spread in all countries of the world and the fair ownership right for all countries, individuals, and institutions
Third... creating a comprehensive ecosystem covering all aspects of life to manage the previously mentioned virtual commodity trading funds and gold... to digitize life and follow the global approach for all countries of the world and reach 4 billion people entering the digitization system in all parts of the Earth by the year 2030
Fourth...
Individual KYC documentation
Institutional KYB documentation
It supports startups, small and medium enterprises, and innovation
Then it contains them in its ecosystem... like the approach of all countries now, it is a state that gathers all countries in one destiny
And manages the outputs and inputs of the global economy and monitors and regulates the circulation of digital capital in the formal economy and integrates the parallel economy into it
And tax regulation and tokenization of real assets on Earth
Fifth... and not lastly
An important episode tomorrow, God willing, at 6 PM
To answer an important question?
Does this need a legislative framework? And should it start without a legislative framework to comfort people about their bad conditions at the expense of the success of this international project? And does pi coin
It will be a stable digital bond, and the most important thing is how it will be like that?
Will there be
Pi cash convert to cash
Qpi banks
Pi token web3.0 for trading and third-generation internet centralized platforms
Pi NFTs for asset tokenization and property rights
All of that in one stable digital bond
Increases, does not decrease
It is Pi coin
Stay tuned for our episode tomorrow on the new economy channel on YouTube
https://youtube.com/@user-the_new_economy?si=Uq2zrqATTRewiZsY
