Coronavirus COVID-19 and what Ripple (XRP) is Doing About it
Ripple (XRP) – As coronavirus spreads around the world, with new cases skyrocketing in the United States and in Europe, many in the crypto and blockchain space have answered the global cry for help and are launching hearty responses.
This is very commendable considering most in the space have suffered huge losses in recent months. Bitcoin and cryptocurrency markets have been devastated right along with the broader markets. While many believed that digital currencies would offer protection against a global meltdown the opposite happened and Investors dumped crypto just as fast as their stock portfolios. XRP saw its lowest levels since 2017 a few weeks back but has been on the rise since.
While the markets reached their lowest levels XRP came out with a positive message. In a tweet issued on March 25, Ripple labs stated it has donated a total of $200,000 in the fight against coronavirus COVID-19 to two separate non-profit organizations — the Tipping Point Community and the Silicon Valley Community Foundation. The US recently surpassed China as Country with the most confirmed cases of the deadly disease.
In these challenging times, Ripple is committed to being part of the global response to the COVID-19 pandemic. We’re starting in our own backyard with $100K donations each to @tippingpoint's COVID emergency response fund and @siliconvalleycf’s COVID Regional Response Fund. (1/2)
— Ripple (@Ripple) March 25, 2020
San Francisco-based Tipping Point Community is a non-profit that recently launched its Emergency Response Fund, through which it seeks to raise a total of $1 million for the COVID-19 response initiative. Similarly, the Silicon Valley Community Foundation’s COVID Regional Response Fund will focus more on the containment of COVID-19 within the Silicon Valley region.
OH in @Ripple's video-staff meeting this morning: “I’m practicing social distancing and turns out I’m really good at it. I’ve been doing it my whole life. It’s called being a nerd.” @JoelKatz
These are unprecedented times- be kind to each other and embrace the moments of levity!
— Brad Garlinghouse (@bgarlinghouse) March 16, 2020
CEO of Ripple, Brad Garlinghouse has maintained a positive message since the beginning of the outbreak. Recently he tweeted:
“Like many businesses, @Ripple’s highest priority is the well-being of team @Ripple. As COVID-19 developed over the past several months the global team has transitioned to remote work, in effots to stay safe while continuing to support our customers. In this unprecedented new reality, it’s critical that we not forget those who are in need. We @Ripple are doing all we can for our customers around the glove to ensure individuals can continue to send money home to loved ones in a time they need it most. Our global economy is in uncharted waters, but what I’ve learned from history; markets are extremely resilient. no one has all the answers, but in times like this, we can always be kind to one another. Remember no matter where you are, we’re in this together.
Nik Bougalis, one Ripple’s chief IT engineers, tweeting from the handle Nik. B @nbougalis, the cryptographer in charge of the C++ team at Ripple and a Code Laboratories co-founder took to twitter to offer advice on how to manage their staff remotely.
Bougalis explained that he has more than 20 years of remote work experience and is currently leading a large team at Ripple that mostly works remotely. He stated:
“I‘ve worked remotely for over 20 years and I’m currently leading a large, fully distributed team at @Ripple. If you’re new to remote work—especially as a manager—and have questions, please ask! I’ll try my best to answer and share my insights to help you and your team.#COVID19
I‘ve worked remotely for over 20 years and I’m currently leading a large, fully distributed team at @Ripple.
If you’re new to remote work—especially as a manager—and have questions, please ask! I’ll try my best to answer and share my insights to help you and your team.#COVID19
— Nik B. (@nbougalis) March 16, 2020
As Ripplecoinnews noted: “Despite the slow adoption in remote work over the years, the coronavirus could be the tipping point that sees many companies adopt it finally. Several company executives shared their experiences with remote work and their concerns, with questions ranging from problems with communication to ensuring employees are still efficient despite not being in a work environment. Bougalis admitted that those are common concerns, but emphasized that employees should be trusted.”
Bougalis also recently shared this sad reality of coronavirus COVID-19 in the USA:
The way we treat our fellow humans and deal with the very real problems of homelessness in Nevada makes me sick and ashamed to be a Nevadan. https://t.co/PXSdQHlf1k
— Nik B. (@nbougalis) March 31, 2020
Garlinghouse is both the CEO and Chairman of Ripple Labs. This year, Ripple surpassed 300 partners, including over 115 banks worldwide. Having launched On-Demand Liquidity (ODL) for cross-border payments, Ripple now has more than 20 partners using XRP for ODL, including Moneygram, Western Union, and American Express.