Ripple Among Top Startups in the United States
Ripple News

Ripple Among Top Startups in the United States

Ripple has been named one of the top 25 startups in the United States by LinkedIn, and the company is nothing short of excited.

The 6-year-old Fintech startup based out of San Francisco known majorly for its cryptocurrency XRP has over 100 customers who use the tools it has developed—namely RippleNet, xCurrent, and xRapid. XRP provides instant cross-border settlement options. The tools Ripple has made are used by some of the biggest names in the finance industry such as Standard Chartered Bank, Banco Santander, and respected Saudi Arabian Monetary Authority (SAMA).

Ripple intends to hire more people to maximize its potential in the digital payment industry and LinkedIn just might be the right platform to help them out with it. The company has been partnering left and right with other FinTech companies as well as central banks across the globe.

Also Read: Ripple CEO Brad Garlinghouse Talks About XRP at Disrupt SF 2018

It seems like recognition is in the stars for the company today. Earlier today, David Schwartz, the company’s Chief Technology Officer, was interviewed by Forbes. His recognition had been long overdue. Schwartz has been advocating for the company’s authenticity for a long while. It comes as no surprise that he talked about the company in lengths in the interview. He talked about the goal of the company by saying:

“We want to create a payment network like SWIFT. But one where the settlement, the actual movement of money, the actual plumbing underneath the surface, would be a decentralized, open network. The endgame is just money moving invisibly, as easily as information.”

He then talked about how centralized control of money had always been much of a trouble for him:

“If no bank will do business with me, I don’t get a hearing in a court of law, I don’t get to read the law, I don’t get to confront my accusers. They’re enforcing the law in a way that doesn’t have any of the normal protections that law enforcement is supposed to have. And that really, philosophically, bothers me. This idea of disintermediating these shadow regulators that are not democratically accountable and are not elected but act as policemen kind of resonated with me. That got me into the bitcoin community.”

Later in the interview, his connection with Jed McCaleb, the founder of Mt Gox, was brought up. He talked about how he met McCaleb at a coffee shop and about McCaleb telling him about his idea of digital currency called NewCoin. About his initial efforts on the idea, he said:

“My objective initially was just to see if it was true. And then, probably a month and a half later, we reached the point where I proved to him that yes, this would work, it would be possible, but we didn’t know what it would be good for. It was like inventing a new material. Is it really light? Is it really strong? Is it manufacturable? Is it durable? Does it rust? And then, once you have all those properties, is there some use case for that?”

People have a lot of questions regarding XRP and the amount of control that Ripple has over the cryptocurrency. David Schwartz has been answering those questions on various platforms and so has Brad Garlinghouse, the CEO of Ripple. This is what Garlinghouse had to say when Michael Arrington, the founder of Arrington XRP Capital, asked him if the transactions made using XRP can be rolled back by Ripple:

“This is one of the misinterpretation things people say like Ripple can block a transaction. Not true. We can roll back a transaction. Not true.”

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Syed Ali Mudassar
It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.