this is how much money xrp you can make when ripple wins the sec lawsuit according to a
report on wednesday the blockchain company ripple has opened its first office in canada ripple is
one of those crypto companies that against the backdrop of an increasing crypto winter increases
its staff rather than reducing it and given the ongoing lawsuit around the sec and ripple
such an event at least hints at firm confidence in its future for the company welcome to the rich
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subscribe his new office in toronto will serve as the company's key engineering hub garlinghouse
says there is a lot of talent in the most populous city in the country ripple will begin recruiting
employees in toronto aiming to hire hundreds of blockchain software developers in the long term
garlinghouse said the company will continue to hire employees in stark contrast to other
major cryptocurrency companies such as coinbase which have dramatically reduced their workforce
ripple has a significant cash balance that will allow the company to survive the ongoing crisis
in his statement garlinghouse says that many talented engineers are leaving traditional finance
to enter the cryptocurrency space toronto mayor john tory says ripple is perfect for the city
praising the company's innovative technologies in 2021 ripple also opened offices in miami and dubai
prior to opening its first office in canada ripple had already collaborated with several
canadian universities as part of its university blockchain research initiative ubri program
meanwhile many canadian crypto exchanges excluded xrp from the listing or stopped trading after the
sec sued ripple the moja loop foundation is a charitable non-profit organization that supports
the free and open source mojo loop software in order to expand access to financial services
the members of the foundation are the world's largest bill and melinda gates charitable
foundation coil google ripple and others moja loop a software designed to help residents of third
world countries who have limited access to banking services was developed with the participation of
ripple based on the ripple interledger protocol back in 2017 the software uses open source code
so banks will be able to implement it into their system without much financial cost
the moja lib foundation has announced the opening of the mojolip central bank center of excellence
in digital currency cbdc in singapore to expand access to financial services in emerging markets
in addition the moja lip foundation announced the appointment of nick drury an experienced
executive with almost 25 years of experience in implementing innovative payment technologies to
ensure integration as director of the mojolop cbdc certification center drury will oversee the
operations and strategic development of the europe center and its initiatives such as hackathons
seminars and pilot projects through these efforts coe will explore how mojo loops open source
software can use cbdc to reduce the costs and inefficiencies of fast payments and international
payments platforms coe will expand mojo loops participation in the ecosystem take advantage
of singapore's proximity and connectivity to other regions and connect the underserved with
financial services firms and government agencies in the emerging digital economy
according to the statement to help guide the initiatives of the council of europe the moja lib
foundation has also formed a working group of the mojo of cbdc certification center which includes
appointed members of the mojolip foundation including the bill and melinda gates foundation
coyle google modusbox monetary authority of singapore mas red compass labs ripple and
cybering the module of cbdc center of excellence will further expand the mojolop foundation's
efforts to expand access to financial services in emerging markets led by our coe director nick
drury and supported by our working group coe will explore how cbdc can make a wider range
of mojo loop enabled push payment capabilities available to central banks and their citizens
merchants and digital financial institutions said mojolop foundation executive director paula hunter
meanwhile drury said i am pleased to have the opportunity to lead the members of the mojolip
cbdcoe working group and attract additional organizations from across the region to explore
how modulus and cbdc technologies can solve real problems for emerging markets covet 19 and the
rise of contactless payments have prompted many central banks to consider cddc as a way to reduce
the cost of settlements by making digital payments and cross-border transfers seamless mojolopsy
bdccoe aims to identify ways to eliminate the restrictive barriers and high fees that have
been barriers to promoting financial inclusion in the past ripple strategic partner the japanese
financial giant sbi holdings is constantly working to expand the ripple and xrp ecosystem the latest
step in this direction was the announcement that sbi motor japan a japanese used car exporter
based in tokyo will accept xrp and bitcoin as payment options but as it turned out that's
not all sbi holding ceo yashitako katao made a presentation to investors in nagoya the other day
as it became known from the speech xrpodl will be tested for use in the sbi motor africa business
model when ripple's lawsuit against the securities and exchange commission ends
mr kitau of sbi gave an investor presentation today in nagoya on page 164 of 187 pages it stated
hashtag xrpodl will be examined for utilization in the sbi motor africa business model when it
ripples you s trial has ended in desired results can validators vote to control the escrow of xrp
coins owned by ripple according to ripple's technical director and one of the creators of the
xrp ledger david schwartz this is quite a possible situation his statement was followed by a user's
question about ripples xrp which are on escrow in turn the user asked this question in light of
the situation that occurred on the solen platform for those who don't know the solen community voted
to allow developers to temporarily control the account of the largest whale in order to reduce
the risks of liquidation smoothly conducted through an over-the-counter platform but after
criticizing such a decision another vote was held to cancel it interestingly keith himself supported
both the first and second proposals a user on twitter asked what could happen to the ripple
escrow if they decide to start dumping or not act in the interests of the xrp ecosystem namely
whether the validators can vote for the control of the ripple escrow if something is done that
does not meet the interests of the xrp ecosystem to which schwartz replied if you can convince the
community to make changes to the rules you can change the code in any way convenient for them
nothing is set in stone decentralized systems are very democratic because there is no way to force
the majority to accept anything they disagree with for a while it seemed like a no-brainer
that the u.s securities and exchange commission had the upper hand in the legal battle but the
scenario changed in recent months as ripple since a series of procedural wins following the shake-up
legal experts believe the upcoming rulings will clear the uncertainty over the nature of xrp
ripple community defense lawyer james k final recently took to twitter to announce that the
motion of the u.s securities and exchange commission [ __ ] to seal has been denied
by the court 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