- Ripple’s CEO Brad Garlinghouse Says China is Going to Overtake The United States in the Development of Blockchain Technology
- Ripple XRP’s Price is Green But it Still Hasn’t Moved Above the $0.2000 Level
Ripple News Today – Blockchain technology is at the forefront of the next technological revolution. Countries that don’t want to get left behind are all getting involved in the blockchain industry. The CEO of Ripple, Brad Garlinghouse, recently said that China is taking the lead over the United States in the future of blockchain technology. He also said that Ripple is interested in entering mutually beneficial partnerships with governments. If the United States doesn’t up to its game, there is a strong chance that they will lose out in the upcoming blockchain revolution.
Ripple News Today – China is Taking the Lead Against USA in the Blockchain Revolution
Everyone in the blockchain community knows that countries like Malta and Switzerland have embraced blockchain technology completely. While the rest of the world is still wondering if the blockchain path is the right one, these countries have started implementing blockchain technology in their financial and supply chain sectors. Garlinghouse, who has an active Twitter account, posted a critical comment about the attitude the United States has towards blockchain technology.
XRP (XRP) Price Today – XRP / USD
Garlinghouse said that the United States regulators have spent too much time critiquing blockchain technology instead of getting involved. He said that this is the time for the United States to start promoting innovation and look for ways to improve site conditions. China is already penetrating the blockchain market more and more every day. The country has dedicated different agencies for promoting blockchain innovations. He said;
“U.S. regulators: now is the time to step up and lean into digital currencies. Remaining complacent is actually setting us back, while China’s grip on both crypto and fiat payments becomes stronger. One caveat – public digital assets such as XRP are not exempt from US (or global) financial supervision – in fact the opposite. Responsible actors who use these assets want to work with regulators, not against them.”
This digital Yuan that China is working on is going to have a significant impact on, not just the Chinese economy, but on the global economy. The digital Yuan will improve remittance since over 80% of the Chinese population are connected through smart devices.
In other news, the price of the Ripple XRP token still hasn’t been able to retest the $0.2000 against the USD. At the time of writing, the price of the token was $0.197012. It is up by 0.91% against the USD and up by 0.64% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $1,446,311,670 and the market capitalization is $8,690,751,305.