Ripple Is Growing in Asia, Says Brad Garlinghouse

Ripple, a San Francisco-based Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term company, is currently facing a lawsuit filed by the US Securities and Exchange Commission (SEC) in December 2020 regarding the illegal selling of securities in the form of XRP. Ripple CEO Brad Garlinghouse said that despite the lawsuit, the company has not experienced any fallout in its Asia Pacific business.

During an interview with Reuters, Garlinghouse said that Ripple’s business is growing in Asia and specifically in Japan due to regulatory clarity in the Asian markets. He added that the activity of XRP Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term has grown significantly outside the United States during the last few months.

“It (the lawsuit) has hindered activity in the United States, but it has not really impacted what’s going on for us in the Asia Pacific. We have been able to continue to grow the business in Asia and Japan because we’ve had regulatory clarity in those markets. XRP is traded on over 200 exchanges around the world. It’s really only three or four exchanges in the United States that have halted trading,” Garlinghouse said in a video interview with Reuters.

Ripple announced earlier this week that the company is currently testing a private version of the XRP Ledger to support central banks in the issuance of central bank digital currencies (CBDCs).

XRP and Japan

After the SEC’s lawsuit, several exchanges around the world halted XRP trading but Japan was one of the few countries that supported Ripple and XRP. The regulatory authorities in the country clearly stated that XRP is not a security. During the latest interview, Ripple CEO pointed out the growth of the company in Japan.

“We’re seeing the activity of XRP liquidity has grown outside the United States and continues to grow in Asia, certainly in Japan,” he added.

XRP is currently the 7th largest cryptocurrency in the world. The digital asset has a market cap of more than $20 billion.