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September 11, 2022
đź’ĄBIS SPEECH: Olli Rehn: Beyond crypto-mania - digital euro as monetary anchorđź’Ą

Dear Colleagues and Friends,

It is a great pleasure to be with you here at Berkeley today. Many thanks to Professor Emeritus John Zysman for the invitation to this discussion, the themes of which – cyber resilience, financial stability and central bank digital currencies – are highly pertinent and topical.

We live in unusual and precarious times. Russia's illegal, brutal war has created terrible human suffering in Ukraine. Regrettably, we need to be prepared for a protracted confrontation, and it is essential that we maintain Western unity in our continued support of Ukraine.

Russia's war has also destroyed the long-established European security order and badly damaged the economic landscape of our continent. One significant consequence is that Finland and Sweden have applied for NATO membership, and the ratification of their accession to NATO is currently advancing. This will produce a new 'Nordic fortress' in the region, with strongly integrated defence forces. For the European economy, Russia's war has caused a serious energy crisis and sharply rising inflation and has thus hit Europeans' purchasing power and dampened growth.

While these current crises are occupying our thoughts, we should not lose sight of the longer-term structural trends shaping our economies. In many cases these trends are being driven by the digitalisation of the economy, which is progressing quickly and bringing about major transformations which are already highly visible in the payments landscape.

Some have joked that a central bank digital currency (CBDC) is "a solution looking for a problem". While I may not be an outright fan of CBDCs, I think the detractors unfairly downplay the potential merits.

The trend towards digital money is welcome for creating opportunities for innovation and financial inclusion. However, it also poses risks. Public authorities need to strike a careful balance in promoting innovation that benefits society while also limiting harmful activities. The proliferation of private digital monies in the last five years is a case in point.

Since taking off in 2017–2018, the market for private digital monies, or crypto-assets as we central bankers like to call them, has been highly volatile with exceptionally large price movements. Contrary to the initial objective, high volatility and low processing capacity has made them difficult to use as means of payment. Even stablecoins, a more recent breed of private digital money, have turned out to be not so stable after all.

Regulators have been warning private investors about the risks involved, but strong returns tempted more and more of them to jump on the bandwagon during the upswing phase. The total market cap of crypto-assets reached a peak of close to USD 3 trillion in late 2021. It has since declined to less than USD 1 trillion during the market turmoil this year. As was to be expected, the sharp revaluations of crypto-assets have led to a number of casualties and heavy losses for many investors.

Some commentators have pinpointed the large-scale quantitative easing of central banks as the root cause for excesses in the crypto market. QE was a necessary response to the economic situation prevailing in the wake of the 2008 global financial crisis in most advanced economies. Central banks quickly reduced interest rates to near zero to help the economy recover. But as the policy rates reached the effective lower bound, more had to be done to boost the economy and meet the inflation target. That's where central bank purchases of longer-term financial assets, or QE, came in, together with other unconventional policies including forward guidance, negative interest rates, and funding for lending programmes.

While there may still be no consensus on how QE works in theory, I think we can all agree that, in practice, it has proved an effective tool for easing financial conditions and providing economic stimulus when short interest rates are at their lower bound.

Since both the overall easing of financial conditions and the role of QE as a portfolio rebalancing channel have served to push up the demand for risky assets, it is no surprise that asset prices have developed favourably during the QE period. This applies to crypto-assets in particular, where price formation is highly speculative and fanned by popular misunderstanding of monetary economics and even conspiracy theories. However, given the high volatility of crypto-assets, it is apparent that monetary policy can only explain a small part of the overall movement in their value, while the bulk of this has to be attributed to other factors.

Overall, I am sure that the economic benefits of QE outweigh the costs. As Martin Wolf noted in his recent FT piece on the battle over monetary policy, occasional asset bubbles are preferable to mass unemployment!

In terms of macroeconomic policy, the tide has now turned. After a decade of low inflation, we moved last year very quickly to a period of high inflation. The inflation surge was driven by multiple factors: quicker than anticipated recovery from the COVID-19 pandemic, global supply chain bottlenecks exacerbated by renewed China lockdowns and, in the case of energy and food, Russia's illegal war in Ukraine. The ongoing monetary policy normalisation is a response to the dramatically changed inflation outlook.

In the United States, the tightening of monetary policy began in March. So far, the Fed has conducted two 75 basis-point hikes, placing the Fed funds target range between 2.25% and 2.5%. It has also started to reduce its balance sheet. The ECB, in turn, announced in June its intention to raise interest rates in two instalments, first in July and again in September. In July, we raised the key ECB interest rates by 50 basis points. This was more than had previously been signalled, because the June inflation figures showed an even greater increase than we had anticipated, and so we determined that it was appropriate to take a bigger first step on the normalisation path. Going forward, the ECB's interest rate decisions will be data driven, aiming for 2% inflation in the medium term, in line with our strategy.

Let me next turn to central bank digital currencies. At the ECB, as in a number of other central banks across the world, we are looking into the possibility of introducing a CBDC, a digital euro. The investigation phase started in late 2021 and is expected to be concluded in October 2023. Once the investigation phase is completed, we will decide whether to embark on actually building a digital euro.

It is important to note that a digital euro would complement cash – not replace it – by allowing central bank money to be used in digital form also for retail purposes. We will continue to safeguard citizens' access to and the usability of cash across the euro area, even though its role as a medium of exchange has been diminishing rapidly, at least in some countries. A digital euro would give people an additional choice about how to pay and would make it easier to do so in an increasingly digital economy. It would expand the availability of digital central bank money beyond transactions between banks to include everyday peer-to-peer payments between people, covering online shopping as well as bricks and mortar businesses.

We have laid down several basic requirements for a digital euro, such as easy accessibility, robustness, safety, efficiency, privacy and compliance with the law. These will help us define what a digital euro might eventually look like. Importantly, a digital euro would be designed to work together with private payment solutions, facilitating the provision of pan-European solutions and services to consumers. With global cooperation it could eventually also solve many of the issues plaguing cross-border payments.

So why should we introduce a digital euro alongside cash? Would it not be enough to rely on the private sector to provide us with efficient payment means for the digital age?

Recent market developments have highlighted the fact that crypto-assets are fundamentally different from central bank money. Their prices are volatile, which makes them hard to use as means of payment or units of account. Even stablecoins attempting to piggyback on the credibility provided by central bank money have failed to guarantee one-to-one convertibility with it. As the BIS meticulously pointed out in their recent Annual Economic Report, crypto-assets' limitations are structural. An economy dominated by digital payments but without a strong monetary anchor would be inherently unstable.

Federal Reserve Vice Chair Lael Brainard also recently noted that, given the foundational role of fiat currency, a digital native form of safe central bank money could enhance stability by providing the neutral trusted settlement layer in the future financial system. People using a digital euro, or a digital dollar, should have the same level of confidence as they would when using cash, since both fiat and digital forms of currency would be backed by a central bank. A digital payment landscape without a monetary anchor provided by the central bank would simply confuse people's understanding of what qualifies as money.

The transformation of the payments landscape also raises important questions about the security of a monetary system in the digital age. Digitalisation is making financial services more efficient but leaving them more vulnerable to cyber-attacks and other forms of cyber risks. These risks and hybrid forms of influence have increased in the current environment of heightened geopolitical tensions, not least as a result of Russia's invasion of Ukraine. The vulnerability of the crypto ecosystem to hacks and theft as well as its capacity to facilitate financial crime, money laundering and other illegal activities is another reason to offer safe and legal means of payment in the digital age via CBDCs.

The normal functioning of societies can be threatened not only through damage and disruption to critical infrastructure, but also by influencing people's minds and eroding trust. Since the financial system is based on trust, these threats must be taken very seriously. With cyber threats becoming increasingly complex, we must continuously adapt and strengthen our cyber resilience. Preparedness must be part of the cost-benefit analysis and the overall planning of systems – that is, resilience by design. In severe disruptions, years of efficiency gains may be wiped out if recovery is delayed.

Regulation plays an important role in safeguarding against risks in the cyber universe. Regulatory action is needed to address the immediate risks in the crypto-assets market and to support public policy goals. The EU is taking important steps forward with the forthcoming Regulation of Markets in Crypto-Assets (MiCA). It is the first attempt at creating comprehensive regulations for digital assets and is expected to come into force in 2024. MiCA will set a new standard, providing legal certainty for crypto-asset issuers, guaranteeing equal rights for service providers, and ensuring high standards for investors.

Dear Colleagues and Friends,

Safety and stability are the key characteristics of a sound monetary system that serves society. Central bank money provides the reference value for all other forms of money in the economy. It plays a crucial role in sustaining confidence in the currency, in the smooth functioning of the payment system, and in safeguarding the transmission of monetary policy.

Central banks must prepare for a digital future in which demand for cash as a medium of exchange may decrease, requiring the convertibility of private money into cash to be complemented by convertibility into central bank digital money. And we should recall that solid and safe access to central bank money is the foundation for price and financial stability. Convertibility into legal tender would also be the key for guaranteeing the value of digital euros provided by commercial banks.

The bottom line is that the central bank should always provide the monetary anchor for the economy – and this would be the primary reason if the ECB were to decide to issue a digital euro.

Thank you very much for your kind attention.

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🚨NEW: Watch @BoHines sit down with @CryptoAmerica_

Watch @BoHines sit down with @CryptoAmerica_ to discuss key details of the White House crypto report including anticipated new DOJ guidance, as well as fresh commentary on the @rstormsf trial, and the nomination of @BrianQuintenz to lead the @CFTC.

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Why Invest In XRP?

Because Ripple Is EVERYWHERE!

This is on Wall Street... NY

00:00:06
👉"You're gonna be told that there is a craft on its way to Earth.

"That 100 fxxxing percent is the lie you are going to be told."

Jeremy Corbell in January 2025

00:02:38
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

đź’  'Based Agent' enables creation of custom AI agents
đź’  Users set up personalized agents in < 3 minutes
đź’  Equipped w/ crypto wallet and on-chain functions
đź’  Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading

🚨 Hedera $HBAR , $XDC Network, and $QNT have been chosen by SWIFT to join this year's Sibos 2025 as discovered exhibitors. Seems SWIFT chose these tokens, which are all DLTs, were chosen specifically for the event, signifying key institutional interest in these ecosystems. This is very good news.

Op: Realallincrypto

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‼️JUST IN JULY 2025 REPORT REVEALS PUBLICLY TRADED COMPANY IMMUTABLE HOLDINGS WILL BEGIN STRATEGICALLY ACCUMULATING HBAR TOKENS‼️

Massive signal.đź’Ž

Corporate treasuries are actively seeking ISO 20022 compliant assets as the foundation of their long term digital asset strategy.🔑

“The Company believes HBAR is a high-quality digital asset with long-term potential, distinguished by the Hedera network's enterprise-grade performance, low transaction costs, carbon-negative operations, and growing adoption among enterprise and public sector applications.”✅

“HBAR = a compelling candidate for long-term digital asset treasury management.”✅

Documented below.📝👇

Op: Smqkedqg

Remember, Harvard revealed that the Road Map to the Digital Dollar INVOLVES XRP AND XLM.🎯

Documented.📝💨

Op: Smqkedqg

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PYTH: We'll Always Have Coldplay

Welcome back to The Epicenter, where crypto chaos meets corporate cringe.

But surprisingly, crypto has not been the most chaotic corner of the internet as of late.

That honor goes to the startup Astronomer, whose CEO’s cheating scandal broke the web in a glorious meme-fueled media frenzy. The company’s damage control? Hiring Gwyneth Paltrow as a “temporary spokesperson.” Do we think they’re grasping at straws or setting a new standard for PR?

Meanwhile, the markets didn’t blink. BTC is still flexing near its all-time highs. Michael Saylor’s bringing a bitcoin-adjacent money-market product to Wall Street. A pharma company just earmarked $700M to stack BNB, and analysts are calling time of death on the four-year crypto cycle. It’s a steady boom now, kittens.

A few things that are also worth noting: Winklevoss vs. JPMorgan, Visa’s take on stablecoins, and Robinhood’s Euro drama that defies the chillness of eurosummer.

Let’s get into it 👇

⛓️ The On-Chain Pulse: What’s Happening on the Front Lines of Finance

This week’s biggest news in crypto and all things digital assets

🗣️ Word on the Street: What the Experts are Saying

Stuff you should repost (or maybe even cough reword and take credit for)

Meme of the Week

🏦 Kiss my SaaS: What’s Changing the Game for Fintech

Things you should care about if you want to impress your coworkers

Closing Thoughts

From meme-fueled PR stunts to Bitcoin-backed money-market funds, this week reminded us that markets move fast—and headlines move faster. With Wall Street automating itself, fintechs beefing with banks, and even your smartphone becoming a miner, anything is possible. Stay curious, stay cynical, and as always—stay sharp and stay liquid. We’ll see you back here in two weeks.

— The Epicenter, powered by Pyth Network

 

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đź”— Crypto – Support via Coinbase Wallet to: [email protected]

 

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4 Fintech Companies 💸& Things To Know About 🤔

The fintech revolution is reshaping the way we manage, invest, and move money, breaking down traditional barriers and empowering individuals worldwide. As financial technology continues to evolve at a rapid pace, a select group of innovative companies are leading the charge by offering groundbreaking solutions that redefine banking, payments, and digital assets. Whether you’re a savvy investor, an industry professional, or simply curious about the future of finance, discovering these trailblazing fintech companies is essential to understanding today’s dynamic financial landscape.

 

  1.  Alina Invest - The AI Wealth Manager for GenZ Women

Alina is aimed at women under 25 who identify as beginner investors. They're an SEC-registered investment advisor that charges $120/year for membership. The service "buys and sells for you" and gives up notification updates of recent transactions like a wealth manager would.

👉 Getting people to invest early is crucial to building long-term wealth. One thing that holds them back is a lack of confidence and experience. Being targetted "for beginners" and people who live on TikTok should appeal. I love the sense of "we're buying and selling for you." Funds always do that, but making it an engagement mechanic is very smart. The risk here is that building a wealth business will take decades for the AUM to compound. But the next generations, Wealthfront or Betterment, will look something like Alina.

2. Blue layer - The Carbon project funding platform

Bluelayer allows Carbon project developers to take from feasibility studies to issuing credits, tracking inventory, and managing orders. Developers of reforestation, conservation, direct air capture, and other projects can also directly report to industry registries. 

👉 Carbon investing and tax credits are heavily incentivized but need transparent data. By focusing on the developers, Bluelayer can ensure the data, reporting, and credits lifecycle is all managed at the source. This is smart.

3. Akirolabs - Modern Procurement for enterprise

Akiro is a "strategic" procurement platform aiming to help enterprise customers identify risks, value drivers, and strategic levers before issuing an RFP. It aims to bring in multiple stakeholders for complex purchasing decisions at multinationals. 

👉 Procurement is a great wedge for multinational corporate transformation. Buying anything in an enterprise that uses large-scale ERPs is a nightmare of committees and spreadsheets. Turning an oil tanker-sized organization around is difficult, but the right suppliers can have a meaningful impact in the short term. That only works if you can buy from them. Getting people on the same page with a single platform is a great start.

4. NeoTax - Automated Tax R&D Credits

NeoTax allows companies to connect their engineering tools to calculate available tax advantages automatically. Once calculated, the tax fillings are clearly labeled with supporting evidence for the IRS.

👉 AWS and GCP log files and data are a goldmine. Last week, I covered Bilanc, which uses log files to figure out per-account unit economics. Now, we calculate R&D tax credits. The unlock here is LLM's ability to understand unstructured data. The hard part is understanding the moat, but time will tell.

In an era where technology and finance are increasingly intertwined, these four fintech companies stand out as catalysts for positive change. By driving progress in digital payments, asset management, lending, and decentralized finance, they are not only making financial services more accessible and efficient—they are also paving the way for a more inclusive and empowered global economy. Staying informed about their innovations can help you seize new opportunities and take part in the future of finance.

 

đź‘€Things to know đź‘€

 

PayPal issued low guidance and warned of a “transition year.” The stock is down 8% in extended trading despite PayPal reporting a 9% growth in revenue and 23% EBITDA. Gross profit is down 4% YoY. PayPal's total revenues were $29Bn for the year

Adyen reported 22% revenue growth and an EBITDA margin of 46% for the full year. Adyen's total revenues were $1.75bn for the full year. The margin was down from 55% the previous year, impacted by hiring ahead of growth.

🤔 PayPal’s Braintree (unbranded) is losing market share in the US, while Adyen is winning it. eCommerce is growing ~9 to 10% YoY, and PayPal’s transaction revenue grew by 6.7%. The higher interest rate environment meant interest on balances dragged up the total revenue figure. Their core business is losing market share. Adyen is outgrowing the market by ~12%.

🤔 The PayPal button (branded) is losing to SHOP Pay and Apple Pay. The branded experience from Apple and Shopify is delightful for users; it’s fast and helps with small details like delivery tracking. That experience translates to higher conversion (and more revenue) for merchants.

🤔 The lack of a single global platform hurts PayPal, but it helps Adyen. In the earnings call, the new CEO admitted their mix of platforms like Venmo, PayPal, and Braintree are holding them back. They aim to combine and simplify, but that’s easier said than done.

🤔 Making a single platform from PayPal, Venmo, and Braintree won’t be easy. There’s a graveyard of payment company CEOs who tried to make “one platform” from things they acquired years ago. It’s crucial if they’re going to grow that they get their innovation edge back. Adyen has one platform in every market.

🤔 PayPal’s UK and European acquiring business is a bright spot. The UK and EU delivered 20% of overall revenue, growing 11% YoY. Square and Toast don’t have market share here, while iZettle, which PayPal acquired in 2018, is a strong market player. Overall though, it’s yet another tech stack and business that’s not part of a single global platform.

The two banks provided accounts to UK front companies secretly owned by an Iranian petrochemicals company. PCC has used these entities to receive funds from Iranian entities in China, concealed with trustee agreements and nominee directors. 

🤔 This is the headline every bank CEO fears. Oof. Shares of both banks have been down since the news broke, but this will no doubt involve crisis calls, committees, appearing in front of the regulator, and, finally, some sort of fine.

🤔 The "risk-based approach" has been arbitraged. A UK company with relatively low annual revenue would look "low risk" at onboarding. One business the FT covered looked like a small company at a residential address to compliance staff. They'd likely apply branch-level controls instead of the enterprise-grade controls you'd see for a large corporation. 

🤔 Hiring more staff won't fix this problem; it's a mindset and technology challenge. In theory, all of the skill and technology that exists to manage risks with large corporate customers (in the transaction banking divisions) are available to the other parts of a bank. In practice, they're not. Most banks lack a single data set and the ability for compliance officers in one team to see data from another part of the org. Getting the basics right with data and tooling is incredibly hard and will involve a multi-year effort. 

🤔 These things are rarely the failure of an individual or department; the issue is systemic. While two banks are named in this headline, the issue is everywhere. Banks need more data and better data to train better AI and machine learning. That all needs to happen in real-time as a compliment to the human staff. Throwing bodies at this won't solve the visibility issue teams have.

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What is XAH and Xahau?

If you're new to XRP, you may have noticed some of us discussing another network named 'Xahau'.

It's Like XRP ... But Different

The Xahau network was created in 2023, and its starting point was the open-source code for the XRP Ledger. A small team of researchers and entrepreneurs decided to add smart contracts to the network code.


The XRP Ledger has no smart contract capabilities, by default.

To integrate smart contracts, the team decided to use an architecture that includes 'WASM' or 'web assembly' code. Each account can have up to 10 'hooks' installed that are triggered for transactions that match specific criteria. They can run before or after a transaction is processed. This enables a variety of use cases that do not involve the need to change the network's core code.

Hooks

A 'hook' is what is known as a smart contract that can be triggered in relation to a specific account and its transactions.

The term arises from the programming world, where it generally means "code that runs based on triggering conditions." In Xahau's case, it indicates code that is run before, or after, a transaction is processed.
 
Each hook must be installed on a specific account by the party that controls the account - i.e., the secret key holder.
 
What Can XAH Do That XRP Cannot?
 
The primary benefit from the use of hooks, is that the core network code does not need to be changed every time a new use case is identified. This means that additional use cases can be addressed immediately, with no requirement for intervening steps, such as:
  • Community review
  • Community approval
  • Amendment voting
All of those steps are eliminated with the use of hooks; new use cases can be addressed as fast as the code can be developed.
 
To read more about how hooks enables Xahau to handle more use cases than even the XRPL, you can read this article:
 
Key Differences From XRP
 
Other unique differences from the XRP Ledger include:
  • Much smaller supply ~612 million coins vs. 100 billion coins
  • XAH hodlers are rewarded at 4% of their account balance. There are no rewards for XRP.
  • Governance participants are incentivized
  • Payment channels available for user-created tokens (IOUs)
  • URI tokens instead of NFT tokens
Who's Who of Xahau?
 
The list of those that are either founders, or closely associated with the founding organizations, is extensive. Here are the names of three organizations mentioned in the whitepaper, or their current moniker:
  • Xaman (a.k.a. XRPL Labs)
  • Gatehub
  • InFTF (Inclusive Financial Technology Foundation)
There exists a long list of impressive developers, architects, and technologists among the Xahau inner circle. But the three names that people associate most prominently with the leadership of the Xahau network are Wietse Wind, Richard Holland, and Denis Angell. The links to their 'X' accounts are:
 
Friend Or Foe?
 
This topic is one of the most contentious.
 
While Ripple, the company with the largest stake of XRP, showed interest in hooks early on, they ultimately decided to advocate for a different approach; the use of an EVM-based solution (Ethereum Virtual Machine) to handle smart contracts on the XRP Ledger. This decision was met with consternation by the Xaman team that had worked with them for several years to advocate for the use of hooks.
 
You can read more about the 'business politics' part of this topic here:
 
So how do Xahau fans view the relationship between XRP and XAH?
 
The Xahau team - and many of its community members - advocate for the use of a 'dual-chain' solution to implement smart contracts. This can be accomplished by the use of 'listener' software, along with native Xahau hooks.
 
A proof of concept, developed by Denis Angell, has demonstrated that bi-lateral communication can work with a simple approach.
 
From an economic standpoint, every chain that has its own digital asset is a competitor; but the simple way to think about Xahau, is that a 'bunch of XRP geeks' decided to implement smart contracts on their own version of the XRP Ledger.
 
The team emphasized transparency along the way, and initially received support from the primary XRP stakeholder, Ripple. They published Xahau as open-source code that could, in theory, be back-engineered and integrated with the XRP Ledger. You can clearly observe the team's idealistic mindset in early marketing mistakes, where they named their digital asset 'XRP Plus' in an effort to emphasize the way that they viewed their creation. While this resulted in confusion - and even suspicion - in its early days, the team quickly pivoted, and named their digital asset 'XAH', which became its ticker symbol.
 
Synergy effects between the two camps speak to a genuine camaraderie, with many Xahau developers being open and willing to help with changes to the core XRP Ledger protocol. You can find many examples of this open dialogue on the 'X' platform.
 
How To Purchase XAH
 
If you wish to speculate by buying XAH directly, it is available in a variety of convenient locations, depending on where you are located. If you're in a country that is supported by Bitrue, you can directly purchase or trade XAH by using that exchange.
 
On January 20th, 2025, Bitmart announced that it supports trading of XAH for customers in their list of supported countries; And in late March, another major exchange announced that they would be supporting XAH trading pairs: Coinex.
 
If you're located in the United States, you can purchase XAH directly from a vendor known as 'C14'. The xApp for C14 is located in the Xaman wallet.
 
XRP Ledger geeks can also purchase XAH IOUs on the XRPL Dex and then convert them to 'real' XAH using a Gatehub bridge. This is available in countries that Gatehub supports.
 
Which XAH Accounts Should I Follow?
 
On the 'X' platform, there exists two major community groups for XAH fans:
In addition to the Xahau notables I've already mentioned in this article, my advice is to take a look at who is posting in the above two communities. There are many impressive leaders and entrepreneurs included. You should be able to find multiple 'X' accounts that reflect your interests.
 
Xahau Development Roadmap
 
Xahau leaders have published a roadmap for 2025 that lists their various goals for the ecosystem:
 
To read a detailed explanation for each item, refer to this: Xahau Roadmap Super Thread
 
One of the most incredible waypoints listed is 'JavaScript Hooks Implementation.' 🤯
JavaScript!
 
With the 'JavaScript Hooks Implementation', Xahau is making history; it will enable anybody that knows JavaScript to easily create and install a smart contract. While networks like Ethereum are impressive early movers, they require developers to learn a new language and syntax.
 
Xahau will soon open 'crypto smart contracts' to a group of developers that number in the tens of millions.
 
Project L-10K
 
Project L-10K is one of the most important items in the pipeline. L-10K refers to the effort to boost the throughput of Xahau consensus to over 10,000 transactions per ledger! This will benefit hosted projects such as Evernode, and future issued assets. Heading up the effort is Richard Holland, who provided a progress update to the community in late May of 2025:
 
To learn more about this ambitious effort, you can watch his full presentation here:
The Future Of Defi And Payments
 
Once you've seen the extensive list of use cases that XAH easily handles, it's truly inspiring. Xahau is everything that you love about XRP, plus a long list of more things to love. ❤️
 
Be an early adopter of XAH and the Xahau network! Join the community groups listed and follow the accounts that seem to reflect your own interest - speculator, developer, or crypto fan. You have a place in our community, no matter what your background or interests are. Welcome to the future of crypto Defi and Payments. 
 
Sources:
 
 
NOTE: Payment channels for IOUs is currently in amendment status for the XRP Ledger, authored by Denis Angel here:
 
 

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 

1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

đź”— Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 Crypto Michael ⚡ The Dinarian

 
 
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