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Ripple CEO Questions Whether XRP Fits in the ECB’s Idea

SAN FRANCISCO, California – The CEO of Ripple, Brad Garlinghouse, retweets the post of the EU Central Bank’s head, and it triggers a blending in the community of XRP. The assumption rose that it may be a clue from the CEO of Ripple. Also, the blockchain company hires an analyst to examine the unusual movement on XRP Ledger.

Brad Garlinghouse, the CEO of Ripple, retweeted what Christine Lagarde tweeted, and it’s about renewed old reports of a close association between the central banks and Ripple across the globe.

Lagarde replied in a post, September 2, to European Commission’s head’s tweet, which is Ursula von der Leyen. In that tweet, the head of the EU central bank stated that the two experienced a previous altercation of views on the topics that concern Europe’s quick recovery from the COVID-19 pandemic. Also, it includes how to establish European countries’ economies tougher. He had three requests in the post.

As per Lagarde, he liked noting “la rentrée” with Commissioners and Ursula von der Leyen. He stated that he needs quicker virtual transitions, a completed funding union, and a capital markets union. The cutting-edge settlement scheme is a back-up.

The tweet triggered a big reply in the community of XRP, and the XRP or the RippleNet is the best solution. All three requests of Lagarde are advantages of the XRP Ledger or RippleNet, and Ripple highlights it from time to time. The XRP Ledger can do transactions in seconds, and it has a green status, which Bitcoin doesn’t have. The RippleNet has more than 300 customers, including other settlement service providers and big banks.

The tweet of Lagarde then obtained the attention of Garlinghouse, which is why the CEO of Ripple retweeted it without leaving any comment. With this, the assumption increased again, and it might be a clue from the CEO of Ripple, and it signals that he knows about Lagarde’s plans.

On another note, Ripple is hiring an analyst for the XRP Ledger investigation. This expert will monitor the XRP Ledger and investigate its suspicious activity. One who seals the new inquiries expert opening will link BSA or Bank Secrecy Act agreement team, as per a job post. The expert will need to recognize any prevailing breaches and establish commendations to improve the distrustful activity recording related panels and processes and other errands.

The export will conduct the XRP Ledger’s daily monitoring, file related reports with controlling agencies, and accomplish transaction investigation.

The BSA created requirements for funding institutions to assist the United States or the US government in halting money laundering, and the bill passed in 1970. Ripple will examine stuff linked to the XRP Ledger.

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Jamie West

Jamie is an XRP veteran & keeps his finger on the pulse when it comes to all things crypto.

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