Ripple CEO Brad Galinghouse has called for calm amid the uncertainty in the crypto investor market following the collapse of FTX and its cascading consequences. This expert believes that the crypto industry will emerge stronger from this whole situation and has also announced various new developments.
Galinghouse explains that he firmly believes that “cryptocurrencies will emerge stronger from this situation if the actors and companies in the sector focus on providing trust and transparency.” He also stressed that “Ripple has always led and will continue to lead in this space.” The CEO of Ripple made these statements on his Twitter, referring to his positioning during the annual conference “Ripple Swell”.
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In addition, the manager also took this opportunity to share the latest News and milestones Ripple’s platform, such as “processing $30 billion in payments on RippleNet, both fiat and crypto.”
Ripple has also recently announced the rollout of ODL customers globally in new regions of Argentina, Africa, Belgium and Israel, as well as current RippleNET fiat-based customers upgrading to ODL also in Brazil, Australia, Singapore, UAE, US and UK.
This expert highlighted that Ripple continues to “improve the Liquidity management solutions By adding advanced machine learning capabilities to the product that uses XRP to settle payments instantly, they are able to meet customers’ liquidity needs at optimal costs.”
Ripple has expressed its satisfaction at being able to launch several new features this year that will help it efficiently scale ODL, thereby serving many more customers worldwide and providing a much better experience for all of them.
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These statements have sparked positive reactions in favor of cryptocurrencies and their future, considering the current sentiment in the sector. Many users have emphasized the need to bet on a transparent behavior and responsibility on the part of the executives of the world's leading crypto companies to create a consistent, reliable, secure and trustworthy ecosystem for all users, companies and society in general in the coming years.
