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Very Important XRP Reviews From Ripple CEO

Very important XRP reviews came from Ripple CEO. Brad Garlinghouse stated that clarity about the securities status of XRP is important.

Very Important XRP Reviews From Ripple CEO
Yazar: Elif Dinçer

Yayınlanma: 5 Aralık 2020 18:17

Güncellenme: 6 Kasım 2024 10:41

Very Important XRP Reviews From Ripple CEO Very important XRP reviews came from Ripple CEO. Brad Garlinghouse stated that the lack of regulatory clarity on cryptocurrencies other than Bitcoin and Etherium has prevented companies from using emerging payment technologies. Garlinghouse also pointed out that clarity about the securities status of XRP is extremely important.   US Customers Want Clarity Ripple's CEO, Brad Garlinghouse, told CNN that Ripple's US customers are avoiding the On-Demand Liquidity (ODL) product, which uses XRP to move money across borders. In his statement on the subject, Garlinghouse also said: Often times when I talk to customers and talk to them about our product that uses XRP in their payment flow, they will ask me about legal dynamics. And we made our customers wait until there were clarity and regulatory frameworks. As I mentioned, this was not the case because of the clarity and certainty in countries like the United Kingdom, UAE or Switzerland. There are definitely companies in these markets that say "we support".   "95 Percent of Our Customers Are Outside The USA" Brad Garlinghouse noted that although Ripple is headquartered in San Francisco, while the majority of its customers are outside the US. “95 percent of our customers are non-US customers and only 5 percent are here in the USA. And people say, "You say you're an American company, why is that?" He asks… One of the dynamics is that we have US companies waiting for clarity, and the clarity is really showing up in the Securities and Exchange Commission (SEC). The US SEC said almost three years ago that Bitcoin was not a security, and about two months later they came out, and they also said that Ether is not a security. Then they stopped and instead focused their energies on some bad actors in the ICO market. ”   "Clarity Regarding the Securities Status of XRP is Important to Us" Speaking to CNN, Garlinghouse demanded that the SEC turn its attention to assessing the best cryptocurrencies and determining their legal status. The Ripple CEO also added the following statements: “For us, it's important to achieve this clarity and precision for the XRP environment and for the more than 100 companies working with XRP. It is very clear to me that XRP is used as a currency by many companies. You have the US Department of Justice cite XRP as a security. In Fincen (the financial crimes enforcement network) called it a security, but there is yet to be a clarity from the SEC. "
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