Ripple to Hold Meetup in Mexico

'Ripple en cdmx' meeting will take place in Juárez, Mexico, on February 21
21 February 2018   982

Ripple announced that it will hold a meeting in Juárez, Mexico, on February 21. The meeting, named “Ripple en cdmx”, aims to point out the different objectives, vision and product concept offered by Ripple to its users. The conference will cover several use cases and characteristics of XRP.

Ripple Mexico meetupRipple Mexico Meetup

Location: EBC Dinamarca Calle Dinamarca 32, Juarez 06600 CDMX
Date and time: 7 - 10PM, February 21, 2018

Yana Nobikova, Vijay Chetty and Marcos Fernández are the three Ripple business development representatives that will be at this meeting. Moreover, Pablo González, CEO of Bitso, will publicize his experience and position in relation to Ripple’s services in the cryptocurrency exchange platforms.

Ripple’s business development area wants to get closer to the Latin American community and will come to Mexico for the event. Ripple wants to make known the targets, mission and projects of the company, as well as the use cases and characteristics of XRP.
 

Jose Rodriguez

Vice President of payments, Bitso

The event is public and to participate, the users only need to register on the website, but 600 people had already notified their interest, so the organizers had to open waiting lists.

Crypto Won't Replace Fiat, XRP CEO Says

But head of Ripple believes that cross-border payments are the sphere in which cryptocurrencies can be an ideal solution
05 September 2018   577

Ripple's CEO Brad Garlinghouse is convinced that the fiat currency will not lose relevance in the near future and called "senseless" the possible replacement of traditional currencies with digital assets. The future of crypto currency lies in cross-border transactions, Garlinghouse said in the Stanford Legal podcast. This is reported by CoinSpeaker.

I don’t think we’re going to be buying coffee at Starbucks with Bitcoin or XRP anytime soon. I think we’ve got to ask ourselves: What problem is that solving? You were talking about paying for the day spa bill and how you do that, but I think in some ways the friction – fiat currency, the US dollar in this case works pretty well, and so we need to make sure it’s better than that before we talk about it as a currency…
 

Brad Garlinghouse

CEO, Ripple

According to Garlinghouse, cryptocurrencies can be used in the st way in international payments and as a means of preserving value. This is especially true of crisis and weak economies, with a high level of inflation. He noted that the average annual inflation of the currencies of countries outside the G20 is about 6%.

There are economies where the fiat currency is at best a weak currency. And in those contexts, if I were a consumer experiencing hyperinflation – would you rather hold a cryptocurrency or your fiat currency? And in a lot of those cases, you’re seeing people take their dollars, or not dollars, pesos of various sorts, and saying, ‘I’d rather hold this because it’s a better asset to hold in terms of its potential appreciation and lack of inflation.
 

Brad Garlinghouse

CEO, Ripple

The head of Ripple stressed that cross-border payments are the sphere in which cryptocurrencies can be an ideal solution. He also noted the Ripple, which allows to conduct international transactions "almost in real time". This will help many companies save time and resources.

We had one of the largest banks in Australia, the CEO told me that 40% of all of their consumer wire transfers result in a customer service phone call. The frustrating thing for the bank is not only do they have to absorb the cost of taking a customer service phone call, they also deliver the news that they don’t know wait a couple more days it’ll probably be there.
 

Brad Garlinghouse

CEO, Ripple

Earlier, the Northern District Court of California rejected a class action lawsuit filed by investor Ryan Coffey against Ripple Labs Inc. on behalf of everyone who bought XRP tokens after January 1, 2013. The company was accused of illegally manipulating the price of XRP.