Ripple CEO and IMF chief are agreed on "Money itself is changing"

Brad Garlinghouse, the CEO of the leading blockchain company, Ripple recently responded to the words of IMF chief Christine Lagarde: money itself is changing. In his tweet, he wrote that the current global payment system is fractured in which digital resources will participate in shaping it again. He also affirmed the role of these resources in solving the problems of financial inclusion. In his words:

"@Lagarde is absolutely correct: money itself is changing, digital resources not only help solve the problem of financial inclusion, but also the real problem of a global system of fractured payments: it is logical that Central Banks lean ".

Ripple has not only made progress in the field of commercial adoption of its RippleNet products, but has established academic research and support centers to explore the use cases of blockchain technology. Moreover, in more than one occasion, Ripple officials have predicted that one of their missions is to solve liquidity problems and bring financial inclusion globally.

In fact, the company has collaborated with several renowned universities, such as UC Berkeley, as part of their initiative called the University Blockchain Research Initiative. [UBRI].

However, according to Chris Larsen, former CEO and co-founder of Ripple, although his company is working inside the system to eliminate the existing problems and XRP could be the right tool to solve the liquidity problem , excess regulation can be a huge fallback to innovation and progress of the fintech industry.

On the social front, Ripple started its own initiative known as "Ripple for Good". In a report, the company informed the community that in just 2018 it donated about $ 80 million in donations. In September, he contributed another $ 25 million in addition to the previous total amount.

Patrick O & # 39; Brien, a follower of the XRP and fans of the tweet from Garlinghouse commented:

"I think we all know how this #XRP will represent the best digital asset ever created".

Also Alex Cobbs, a popular member of the cryptocurrency space, shared his opinion, stating:

"The Central Bank of the United Arab Emirates and Saudi Arabia is working together on a platform enabled for ripple"

Another Twitter user named Andrew, a serial entrepreneur and a blockchain space enthusiast, also wrote:

"Yet you keep selling to these OTC banks instead of forcing them to buy from the open market!
If it's a high price of #xrp you want. How your staff keeps saying is necessary.
Forcing banks to buy from the market and stop cheating us "investors" at retail "

Follow us on Telegram | chirping | Facebook

Priyamvada is a full-time journalist at AMBCrypto. A graduate in journalism and communication at Manipal University, she believes that blockchain technology is a revolutionary tool for advancing the future. Currently it has no value in cryptocurrencies.