Ripple for Good is all about providing for greater economic opportunity for all. Ripple have been helping to grow and sustain a diverse and inclusive global workforce, who are focused on the ethical use of blockchain and digital assets. They are already pioneering the best way to send and receive money.
Brad Garlinghouse stated on how disappointing it is to see India flip flop on the crypto, while hamstringing a nascent industry which might serve one of the biggest populations of the unbanked/ underbanked citizens.
For those who have missed it, this concern is happening in the Ripple ecosystem because Ripple has previously provided policy recommendations for digital asset regulation in India.
Previously, in the year 2019, Ripple CEO Brad Garlinghouse and Chris Larsen, Executive Chairman wrote an open letter to the US congress while urging legislators to facilitate support for fintech regulation, which will be able to foster responsible innovation which will protects consumers.
Sydney Ifergan, the crypto expert tweeted: “Ripple (XRP) is already fostering digital transactions as a global practice. I think nations need their own time to overcome friction.”
Regulatory Sandboxes take too long than normal to get going. It is important that the policy makers get to do what it takes to make it easy for people to gain access to best technology on time. Several regulations approve stuff only after they are outdated and several other advanced versions come in their place.
However, Ripple are waiting to see regulations that are “technology-agnostic, principles-based and risk-adjusted.” They are already tired about the off, on, and forever trend with regulators.
Some of them were tired of the news and therefore stated, “India is about to ban and unban cryptocurrencies on a weekly basis. It’s not news. It is boring. Kind regards.”
Ripple (XRP) Speed and Cost of Payments
Irrespective of whether regulators are going to approve or not – Ripple are going to continue in their mission of ensuring that the speed and costs of payments do not need to be at odds.
Ripple are continuing to build on their partnerships empowering their customers with the ability to build differentiated value propositions.
XRP has been specifically built to provide for the purpose of exchange of value. They are all geared to break the trade-off that exists between cost and speed.