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Ripple And XRP: Some Investors Are About To Get Highly Disappointed

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Ripple and XRP have been in the spotlight a lot this year and this was mostly due to many partnerships that the company was able to seal and also due to high adoption of XRP.

The San Francisco-based company has been making sure to promote all of its products but also the boost the entire XRP ecosystem and support mainstream adoption.

There’s a massive debate about Ripple’s support of XRP

The debate on whether Ripple owns too much control of the XRP ecosystem seems to be taking a new turn these days, according to the latest reports coming from the Daily Hodl.

The company responds to an XRP advocate who said that Ripple should drop all efforts to support and use XRP.

The advocate, who goes by the name XRP_News on Twitter, sent a message out to 23,000 followers urging Ripple to stay “far away” from XRP:

“Whatever Ripple is doing to help grow the XRP ecosystem, it’s clearly not working. Ripple please stay as far away from XRP as possible.”

The advocate also said: “We don’t want your help. We want an independent digital asset, for the people. Who agrees?”

Ripple’s CTO responds

Ripple’s CTO David Schwartz responds and says that anyone who wants that the company ends its affiliation with the crypto XRP will be disappointed.

Ripple and XRP get positive feedback

Schwartz received a lot of support from Ripple and XRP enthusiasts.

Someone said: “And thank goodness for that!!! If it were not for the incredible work that @Ripple is doing and the massive challenge they are undertaking, I doubt many would even know of #xrp.”

A follower posted: “Good – he doesn’t speak for us all .. you are doing a great job there hon.”

One commenter wrote: “These r bought accounts, don’t waste ur time on these nuts! We don’t even know who we’re talking to. Just trying to frustrate people and shake them out. We know what’s coming!”

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Ripple’s XRP is a Brilliant Technology, According to American Institute of Economic Research’s Jeffrey Tucker

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American economist Jeffrey Tucker, who also works as the editorial director at the American Institute for Economic Research (AIES), called Ripple XRP “brilliant technology” in a recent interview on Russia Today. Tucker shared his opinion that Ripple’s growing popularity had been influenced by sometimes outdated traditional financial systems such as SWIFT.

When asked to explain why the recent partnerships, alliances, and increased capacity of Ripple had no positive effect on XRP, Tucker explained that the digital token XRP is a “specific kind of crypto” and at this moment many regular investors are not interested in the technology. He continued by saying:

That does not mean it’s not going to change the world. I think it’s an extremely important technology

because it’s thriving off the failures of this antique SWIFT system,

Tucker stated Ripple is doing what traditional financial systems failed to do, provide fast and cheap money transfers.

Our legacy financial systems are incapable of dealing with the new age of globalization so taking crypto to kind of fill this market niche… and XRP has been really valuable in that sense,

Ripple itself continues to promote XRP adoption. Brad Garlinghouse will give his speech during the 55th Global Forum event in Singapore. Global Forum gathers together business leaders, government officials, and academics from different countries who share their views on different business spheres. Apart from Ripple’s CEO, who will be the sole representer of the cryptocurrency industry at the event, list of speakers includes representatives from Central Banks, JPMorgan, Goldman Sachs, MasterCard

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Ripple Named One of Best Workplaces in 2020 by Fortune

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Blockchain giant Ripple has appeared on the list of the best small and medium-sized workplaces in the San Francisco Bay Area. Ripple CEO Brad Garlinghouse says that he’s “humbled” to be part of the company’s incredibly talented team. 

Ripple, the only cryptocurrency-oriented company on the list, was ranked 25th.

“Management is consistently transparent with employees on what goes well, and what doesn’t. There’s a focus on being honest with ourselves which is refreshing and healthy as we continue to grow from startup to young company,” one of Great Place to Work reviews states.  

New milestones for Ripple 

Back in February 2019, Fortune named Ripple one of the best Bay Area companies to work for. It made the cut along with such giants as Nvidia and Hilton.

Ripple, which strives to

disrupt the cross border payments industry, has made a lot of progress since then with more than 300 partners and a gargantuan $200 mln funding round that bumped up its valuation to $10 bln. 

The company now boasts 235 U.S. employees. However, it lost some important team members in 2019, including Evan Schwartz, the mastermind behind the Interledger who had a 6.5-year run with Ripple.   MUST READRipple CEO Expects to See More ‘Consolidation’ in 2020. Community Wants Big Acquisitions –

Asana in first place   

In order to determine the best workplaces in the Bay Area, Fortune conducted an anonymous survey with more than 33,000 employees, taking into consideration leadership effectiveness, workforce makeup, workplace culture, and other factors.           

Mobile application designer Asana took the much-coveted first spot on this year’s Fortune list. There is also personal finance company Nerd Wallet in the top three. 

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Ripple Says Lawsuit Could Destroy Multi Billion-Dollar XRP Marketplace and Wipe Out Investors

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A judge is now considering Ripple’s motion to dismiss a much-publicized lawsuit against the San Francisco startup.

Bradley Sostack is accusing the company of illegally selling XRP as an unregistered security. Ripple claims XRP is not a security and says the claims are unsubstantiated. The company also says any lawsuit on the issue would violate the statute of limitations, and must have been filed within three years of the 2013 initial offering of XRP.

Sostack’s legal team argues that the statute of limitations are invalidated by the fact that Ripple continues to sell the digital asset.

Now, new court documents reveal Ripple also claims that classifying XRP as a security could destroy the third-largest cryptocurrency’s entire marketplace.

Says the company’s legal team in the motion to dismiss the lawsuit,

“Were [Sostack] allowed to belatedly challenge the classification of XRP, it would not only threaten to eliminate XRP’s utility as a currency, but it would upend and

threaten to destroy the established XRP market more broadly — a market involving over $500 billion in trading over the last two years… — potentially wiping out the value held by the alleged thousands of individual XRP holders around the world (many of whom no doubt disagree with [Sostack’s] claim that XRP is a security).”

Jake Chervinsky, general counsel at crypto lending platform Compound, says it’s unclear how long the judge will take to consider Ripple’s motion. But he warns it could take a while.

“As is typical, the judge ‘took the matter under submission,’ meaning she will issue a written ruling at some later date. It could be days, weeks, or months.

There is no time limit. The motion can sit on the docket forever. After about six months, it will show up in a report to Congress regarding the status of the federal judiciary, but even then it can keep sitting on the docket.”


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