Cryptocurrency NewsLatest NewsRipple News

Ripple Is Pro Regulation Of XRP And Cryptos

Ripple has been in the spotlight this year a lot despite the global crisis that we’re in.

Buy Property with Cryptocurrency

Cryptos, in general, have been receiving increased interest these days, and more people are seeing a viable, safe haven in some digital assets.

The US faces the risk of falling behind China

Now, according to the latest reports, Ripple CEO Brad Garlinghouse said that the US is at risk of falling behind China in the race to launch a robust digital economy considering the rapid advancements in payments tech.

Garlinghouse hopped on Twitter and said that the policymakers in the US would have to step up the game in order to be able to compete.

Ripple‘s CEO is citing an article that’s been published by Foreign Affairs, which addresses the implications of China’s digital currency on the current dominance of the US dollar.

He continued and explained, “Rather than resting on the laurels of the dollar’s decades-long dominance, the United States must act now to protect its economic advantage in the coming era of national digital currencies.”

You may be aware of the fact that China conducts real-world tests of the digital yuan and this advancement could place the US at a risk of losing the power to impose economic sanctions.

Garlinghouse said that the US policymakers are not prepared for the consequences and China will be able to expand its influence and boost its capacity for “economic coercion in Africa, the Middle East, and Southeast Asia.”

Check out the complete article by the Foreign Affairs.

Related posts
Cryptocurrency NewsGlobal Crypto NewsLatest NewsLitecoin NewsRipple News

New Rally For XRP Is On The Way - Growing Interest From Investors

Cryptocurrency NewsGlobal Crypto NewsLatest NewsRipple News

Ripple CEO Brad Garlinghouse Addresses Crypto Industry Following SEC Moves

Cryptocurrency NewsGlobal Crypto NewsLatest NewsRipple News

Ripple's New Partnership To Enable Cross-Border Payments Between UK, Australia, Gulf Countries and Africa

Cryptocurrency NewsGlobal Crypto NewsLatest NewsRipple News

Ripple Teams Up With With Georgia’s Central Bank - CBDC Pilot

>
Send this to a friend