Working Money 💰

Today, Ripple President @MonicaLongSF opined most global value transfers will likely occur across public blockchain rails. Respected @XRPL Community Relations professional @Vet_X0 shared Monica’s video clip & HIGHLY respected @X researcher Future XRP (@the5blairs) opined further (see his detailed, well reasoned opinion below - and give him a follow!), offering several XRP value models, with a 70% global market share estimate used for his public blockchain adoption models. I’ve taken the liberty to combine the highly respected opinions from these digital infrastructure leaders, and added a bit of KUWL discernment for clarity and emphasis. “The monetary identity asks whether the float can physically support the volume. With a circulating float of 25 billion XRP and velocity between 20× and 50× a year, the implied price ranges from about $36 at the low end, to $133 at the midpoint, to $360 at the high end. That is the capacity gate, and it clears easily. It is not the binding constraint.” 🔥 “Gate two: Square-root Market Impact The binding constraint is execution. Institutional settlement tickets are large, and a bridge asset that moves against itself mid-trade is more expensive than the rail it replaces. 👉🏼 The Almgren-Chriss square-root law gives the depth requirement directly: ΔP/P = σ√(Q/V). With our established parameters (0.5% daily volatility, 5 basis points of slippage tolerance, 1.36% daily turnover, 25 billion float), a $2 billion ticket requires $200 billion a day in depth. That translates to a $14.7 trillion market cap, or $589 per XRP. That's the floor for a single institutional ticket. What's new is that at public-wins scale, the flow itself supplies the depth. Settled across a 365-day ledger: • Low case: about $123 billion a day. The $2 billion ticket requirement still binds, so the floor holds at $589. • Midpoint: about $274 billion a day, a roughly $20 trillion market cap, about $806. • High case: about $493 billion a day, a roughly $36 trillion market cap, about $1,450.” Happy Sept. 30, end of CY Q3, end of FY 2026, @evernorthxrp SPAC Vote Day, and Iraq’s New Sovereignty Day. Our future is bright, XRP Family! @Ripple @RippleSwell @X @Interledger @WatcherGuru

🚀 Zcash ($ZEC) is now live on FortisX! We keep building. As our infrastructure grows, we’re expanding our liquidity pool lineup and creating more opportunities for digital asset holders. The addition of ZEC is another step forward, giving the Zcash community access to FortisX Liquidity Pools. Our focus remains clear: strengthen our infrastructure, broaden asset support, and build for the long term. Thank you for growing with us. More updates ahead. Explore → fortisx.fi