When DJ Meladik published this episode in November of 2022, XRP was under .50cents . Today it is over $2 after reaching an all time high of $3.23. In this episode of The Mind of Meladik podcast, DJ Meladik is joined by none other than his son, AJ from @RecessWithAJ, and the resilient Queen Meladee! This dynamic trio dives into an exciting mix of topics, from their latest investment in XRP to childhood skateboarding icon Tony Hawk, and a shared decision to steer clear of Papa Joe’s Pizza.
One of the main discussions in this episode revolves around XRP, one of the most talked-about cryptocurrencies in the financial world today. But what exactly is XRP, and why are DJ Meladik and the crew making moves in this space?
XRP is a digital asset created by Ripple Labs to facilitate fast, low-cost international transactions. Unlike Bitcoin, which primarily serves as a decentralized store of value, XRP is designed for seamless cross-border payments, making it a popular choice for financial institutions and investors alike. Some key benefits of XRP include:
- Speed & Efficiency – Traditional banking transactions, especially international wire transfers, can take days to process. XRP transactions settle within seconds, thanks to Ripple’s advanced blockchain technology.
- Low Transaction Fees – While Bitcoin and Ethereum are known for their sometimes high gas fees, XRP offers minimal transaction costs, making it an attractive option for transferring money.
- Adoption by Financial Institutions – Ripple has partnered with over 300 banks and financial institutions worldwide, positioning XRP as a bridge between traditional banking and the decentralized finance (DeFi) movement.
Despite its potential, XRP has faced its share of legal challenges. The SEC (Securities and Exchange Commission) has been in an ongoing lawsuit with Ripple, arguing whether XRP should be classified as a security. However, as regulations around cryptocurrency continue to evolve, many investors, including DJ Meladik, see XRP as a promising digital asset worth adding to their portfolios.
Another highlight of this episode is the crew’s admiration for Tony Hawk, a legend in the world of skateboarding. Known for revolutionizing the sport and being a pioneer of vertical skateboarding, Hawk’s impact extends beyond just tricks and competitions. His business acumen, philanthropy, and commitment to growing the sport have made him an inspiration for multiple generations—including DJ Meladik and AJ.
While investment talk and childhood idols bring a sense of excitement, not everything gets a stamp of approval in this episode. The team humorously discusses why they’ve decided to avoid Papa Joe’s Pizza, though listeners will have to tune in to the episode for the full story!
Don’t miss out on this entertaining and informative episode of The Mind of Meladik! Whether you’re interested in the world of cryptocurrency, nostalgic for the golden days of skateboarding, or just looking for a good laugh, this episode has something for everyone.
Listen now on your favorite podcast platform, and be sure to follow @DJ_Meladik, @RecessWithAJ, and @QueenMeladee for more updates.
Stay tuned, stay educated, and stay inspired!
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