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Ripple CEO: We Have Obligations in Solving Political Issues

Jamie West by Jamie West
October 27, 2020
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United States -Ripple’s CEO, Brad Garlinghouse, announced that the company does not plan to follow Coinbase’s plan regarding banning politics from the workplace. Coinbase hit the headlines last month after writing a blog post announcing its rules and regulations of non-engagements on political and social issues.

According to Armstrong, he does not want to debate causes or political candidates internally or engage with unrelated situations to their goals and missions. Armstrong also added that the company would have an apolitical culture and focus more on making profits and advancing crypto and Coinbase’s services.

After rejecting a CNBC interview, Ripple CEO Brad Garlinghouse claimed that, in his opinion, tech companies have obligations toward solving societal and political issues. Ripple’s mission is to seek positive outcomes for society and bring better values to people. Companies that promote a better and convenient society should lean into being part of the solution.  However, Coinbase declined to comment on Garlinghouse’s opinion.

According to some reports, Coinbase has offered severance packages to its employees wanting to resign or quit the company over its new work culture. About 5% of Coinbase’s staff took the offer and quit jobs. On the other hand, Ripple continuously promotes corporate activism and offers employees paid time off to volunteer and vote in the upcoming presidential election.

With a strong commitment to a better future, Ripple’s XRP remains one of the market’s biggest cryptocurrencies. It paves a new way for millions of people to experience faster and safer money transfers. Since this digital platform is open-source, it enables quicker and cheaper processes compared to banks. According to Ripple’s CEO, they will continue to save time and cost issues with traditional settlement systems, such as SWIFT and PayPal.

Thanks to technology’s great scalability, Ripple can process up to 1,500 transactions per second. To prove this point, TechCrunch’s founder, Michael Arrington, reportedly sent $50m (£39m, €43m) in XRP, and the transfer time only took two seconds and only cost him 30 cents for the processing fee.

Indeed, Ripple’s primary objective is to create a payment system that can facilitate fund transfers in international and domestic markets. Although it is unclear what Ripple is working on for the next years, investors will surely run to exchanges and participate in Ripple’s mission towards a better future. Ripple assures the public that the company will continuously promote corporate activism and become a part of societal solutions.

jamie xrp news | XRP & Ripple News
Jamie West
Tags: apolitical cultureArmstrongBrad GarlinghouseCoinbaseCoinbase CEORipple
Jamie West

Jamie West

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

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XRP News – Keeping You Up To Date With All Things XRP & Ripple

In the rapidly evolving world of digital finance, XRP stands out as a pioneering force, reshaping the landscape of cryptocurrency and blockchain technology. As a core product of Ripple Labs, XRP is not just a digital currency; it’s a breakthrough in how we perceive and engage with global financial transactions. This article delves into the essence of XRP, exploring its distinctive features and the reasons behind its growing popularity.

Unmatched Transaction Speed

One of the most compelling attributes of XRP is its unparalleled transaction speed. In a world where traditional banking can take days to process cross-border payments, XRP offers a stark contrast with its ability to settle transactions in mere seconds. This efficiency is a game-changer for both individuals and businesses, ensuring that funds are transferred quickly and seamlessly around the globe.

Low Transaction Costs

Another significant advantage of XRP is its incredibly low transaction fees. Compared to other major cryptocurrencies and traditional banking methods, XRP stands out for its cost-effectiveness. This feature makes it an attractive option for micropayments and regular international transfers, offering a more affordable solution for everyday transactions.

Scalability and Sustainability

Scalability is a critical factor in the cryptocurrency world, and XRP excels in this aspect. Designed to handle a large volume of transactions without compromising speed or cost, XRP is well-equipped to meet the demands of a growing digital economy. Additionally, its consensus protocol is less energy-intensive than the traditional proof-of-work used by many cryptocurrencies, making XRP a more environmentally sustainable choice.

Broadening Financial Access

XRP is not just a tool for efficient transactions; it’s a catalyst for financial inclusion. By simplifying and reducing the cost of cross-border payments, XRP has the potential to open up global markets to individuals and businesses who previously found these transactions prohibitively expensive or complex. This democratization of financial services is a cornerstone of XRP’s vision.

The Ripple Effect

Ripple Labs, the company behind XRP, is continually expanding its partnerships with financial institutions worldwide. These collaborations are not only a testament to the reliability and practicality of XRP but also a driver for its adoption in mainstream finance. As more banks and payment providers integrate XRP into their systems, its impact and relevance continue to grow.

A Community of Innovators

The XRP community is a vibrant and dynamic force, comprising developers, entrepreneurs, and enthusiasts. This community is at the forefront of exploring new use cases for XRP, pushing the boundaries of what’s possible in the realms of digital payments and blockchain technology.

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