urgently ripple leaving usa for india xrp to 70 000 ripple continues to thrive despite the ongoing
lawsuit and this is constantly being confirmed now the community has noticed that the company
may be planning to open a new office in bangalore india this became known from the company's vacancy
announcement according to which they are now looking for employees in an office in bangalore
welcome to the rich club channel if you like this video don't forget to like it and subscribe to the
channel do you think the analysts are right about xrp write the answers in the comments
giving away 500 xrp at the end of the week one random subscriber will receive xrp coins
take a look at the instructions in the comments section all you need to do is write the word
xrp watch the video to the end to like and subscribe according to the vacancy announcement
the company is in search of a director of partner solutions with central banks where bangalore
kamataka india is listed as the location in the ad assuming that this is where the office will
be located the candidates job responsibilities include establishing interaction with various
central banks and deploying various central bank digital currency cbdc projects what is
even more interesting this is not the only vacancy in this region in addition the company is looking
for a senior project manager of central banks a senior software engineer and a software engineer
currently ripple already has an office in mumbai and another representative office will strengthen
the company's influence in the region ripple itself has not yet made any comments on this
well here you can see all the vacancies in the company of which there are more than a hundred
around the world maybe this is your future place of work ripple at general manager ashish burla
has just made a number of interesting comments regarding the future of ripple and his thoughts
on the current lawsuit with the sec find out the news first in our telegram channel
first he confirmed that ripple already earns about 15 billion dollars in its payments business alone
which indicates how well the firm is doing this already proves that ripple is already working in
a way that is resilient to any regulatory outcomes in the united states one of the
most interesting comments was when he was asked if he thought ripple would ever replace swift
in response burla said that ripple intends to do more than swift currently does which only performs
the messaging function in a financial transaction interview with the sheesh burla some key findings
sec lawsuit roughness on the road odl has raised ripple nets traction to the skies
at ripple will stick with xrp ripple has bigger ambitions than replacing swift
and more i think we have bigger ambitions than replacing swift so remember to transfer money
internationally there are two components there is a messaging component but then you really
need to transfer funds this is not what swift does swift only exchanges messages what was
really innovative about cryptography and ripple net is that we do both we have upgraded both
thus using swift for messaging is similar to what is happening today with the use of a fax machine
so we're upgrading this with an api this is in real time but then we also make a settlement there
is no other solution that ripple would immediately like so our solution is now much bigger than what
swift does i think swift will exist for another five years it takes a lot of time to change like
the entire banking system i mean upgrading the mainframe in bny melon will probably require
a couple hundred million dollars to upgrade it so they can drop swift so i think swift is not
going anywhere in fact the ceo expects a gradual abandonment of the existing swift network since
more innovative companies are usually the first to switch to using blockchain technologies when
they make this transition ripple net will be one of the most obvious solutions to their problems
since there really is no other better alternative in the crypto world as a result ripple that's
potential is more than just a replacement it really succeeds in what the traditional financial
system has been struggling with this then creates a major incentive for all financial institutions
to gradually move away from swift or at least use both systems at the same time the advisory board
of the arab monetary fund has proposed ripple net as a direct alternative to swift the clearinghouse
a well-known ripple partner teamed up with wells fargo an american multinational financial services
company in march to create a new instant payment system to challenge swift supremacy ripple has
also joined the digital european association dea an internationally recognized organization to work
on cbdc from this new point of view it seems that the financial world will no longer be dominated
by one network and several major players will appear in the near future the popular fintech
company ripple labs has released another billion xrp tokens to the market from its escrow wallet
as it usually happens on the first of each month the transactions took place a few hours ago and
the company issued one billion xrp tokens in two separate transactions of 500 million tokens each
at an xrp price of about zero dollars 42 at the time of issue one billion tokens were worth four
hundred and twenty three million dollars five zero zero zero zero zero zero zero zero hashtag xrp
four hundred 211 nineteen thousand and seventeen us dollars unlocked from escrow at ripple escrow
wallet five zero zero zero zero zero zero zero zero hashtag xrp 212 million 30 898 us dollars
unlocked from escrow at ripple escrow wallet it is worth noting that these unlocks are part of
a program schedule compiled by ripple for the release of 55 billion xrp locked in escrow in
the xrp registry xrp ledger since 2017 ripple has been releasing at least 1 billion units of
xrp every month in accordance with the terms of deposit after blocking the company does not affect
this process for some time many cryptocurrency investors feared that this would greatly affect
the price of the token and even file the petition on change org to stop this movement
nevertheless as practice shows the constant release of cryptocurrencies from the ripple
escrow does not greatly affect the price of xrp because the company takes measures to
maintain a stable price a significant part of the cryptocurrency is blocked on a new contract
immediately after the release of tokens to the market as in previous months ripple usually
locks 800 million xrp leaving 200 million to the circulating stock of the cryptocurrency
in light of the company's ongoing litigation with the securities and exchange commission
such a move is very far-sighted coinshares a uk-based digital asset fund manager
recently released the results of its bi-monthly survey of fund managers
according to a coin share survey institutional crypto investors have increased their investments
in altcoins such as polkadot xrp and cardano at the expense of ethereum eth
bitcoin remained the preferred crypto asset among institutional investors despite the massive price
correction compared to 36 percent in the previous survey 39 of respondents now say that btc has the
most attractive growth prospects in terms of price btc eth and xrp have lost more than 40 percent of
their value since the beginning of 2022. over the past 24 hours crypto assets have returned as xrp
has risen by four percent eth jumped about three percent bitcoin now has a well-established inverse
correlation with the us dollar this makes sense because of its new savings vehicle characteristics
but also makes it incredibly sensitive to interest rates bitcoin's correlation with
gold has declined but has grown significantly compared to stocks especially with interest rate
sensitive stocks such as growth stocks in a sense this is the correct interpretation by the market
non-profitable assets will suffer during the rate hike said james butterfield head
of research at coinshares the current price of xrp for today you can see yourself on the screens
and the trading volume for 24 hours is one two nine four four three six zero six five us dollars
we are updating our xrp price in us dollars in real time xrp has dropped four eight percent in
the last 24 hours do you think xrp will be able to win the court and restore its former price
write the answers in the comments that's it for today thank you for watching this
video to the end if you liked it then don't forget to like it and subscribe to the channel