Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • News
  • Ripple (XRP)

Ripple is Compliant Enough to not Get Shut Down Right Out of the Box – GlobaliD CEO

Tobi Loba December 29, 2019 3 min read
1 Billion XRP Unlocked from Escrow at Ripple Escrow wallet

Ripple, the US-based cross-border payment company and the major overseer of the distribution of the digital token XRP that is stern with striking a balance between its daily services and regulatory compliance has received a deep acknowledgment from its former chief risk officer and CEO of GlobaliD, Greg Kidd.

In the interview recently shared on Twitter by a user identified as Steven Bull From the Diep, Greg acknowledged Ripple’s effort to remain “compliant enough to not get shut down right of the box” in the United States’ business environment.


trade now

Conversation with Ripple’s Former Chief Risk Officer

In the video interview, Greg Kidd, the former chief risk officer at Ripple and early investor in Twitter and Paypal spoke expressly about the struggle of cryptocurrency to gain prominence and the trust of the majority, especially with the regulatory bodies in the United States.

Greg said digital currency is surrounded by mixed opinions and suggestions. Many opinions wish it gets completely banned while some think it’s birthed by great technology.

He said in this regard, some are still undecided that “cryptocurrency made it all out of the crib in the US.” He then furthered that both Ripple and Coinbase are subjected to the same regulatory pressure just like the cryptocurrency.

Greg then opined that Ripple and Coinbase, which are US-based showed they could be compliant enough to not get shut down right out of the box.

He said, “And by the time they might want to say, “No,” you’ve got something so interesting that they say, “Maybe”, and let’s not kill it too early. The same things happened with cryptocurrency. There are some people that just want to ban it outright. Some people think it’s great. But there are enough people undecided that cryptocurrency made it all out of the crib in the US. Not all crypto, but a company like Coinbase, or Ripple – the first in which I invested and the second where I was the chief risk officer – showed that they could be compliant enough to not get shut down right out of the box. And so, it’s finding that balance between being disruptive, but not too disruptive.”

#Ripple is a company that is compliant enough not to get shut down right out of the box

Greg Kidd, former Chief Risk Officer at Ripple pic.twitter.com/V3H8tgd2sF

— Steven Bull Diep (@DiepSanh) December 29, 2019

CEO at CipherTrace Says Almost Every Bank Runs Towards Ripple’s XRP in Japan

In another development, the CEO at CipherTrace, Dave Jevans made a remark about Ripple and its digital currency while speaking at a conference in Tokyo, Japan.

While presenting at the conference in Tokyo, Dave Jevans said, “Out of over 1600 cryptocurrencies today that you are watching, all of us have probably heard about Bitcoin, some of Ethereum…but almost every bank is running towards XRP that you may know as Ripple.”

EARTH-SHATTERING NEWS!!!

In Japan, almost every bank is starting to adopt #XRP

David Jevans, Rakuten
Dec, 2019 pic.twitter.com/MHALlO3F5t

— Steven Bull Diep (@DiepSanh) December 27, 2019

After the statement went viral within the XRP community and across the cryptocurrency sphere, Dave later reacted to simplify what he actually meant in the video.

He said, “This is a remark I made at a Japanese conference in Tokyo and refers to Japanese banks. “Working with” means experimenting, evaluating, testing or deploying. I did not say “adopt” (view the video). My comments reflect the Ripple offerings, not just XRP.”

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: TronWallet Conducts 136 Million TWX Buyback and Burn, the Largest since Inception
Next: Justin Sun Hints Fee Discounts for Customers Holding TRX on Poloniex Exchange

Related Stories

Binance.US Halts OCBS and BUSD Transactions
3 min read
  • Binance
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Regulation
  • Stablecoin

Binance.US Halts OCBS and BUSD Transactions

March 31, 2023
Forta Network And Blockfence Join Forces To Bolster Security For Web3 Users
3 min read
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Scam / Hack
  • Web3

Forta Network And Blockfence Join Forces To Bolster Security For Web3 Users

March 31, 2023
Upbit Holds The Second-Largest ARB Token Amount After Binance – Report
3 min read
  • Altcoins
  • Binance
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • Ethereum (ETH)
  • News
  • Stablecoin

Upbit Holds The Second-Largest ARB Token Amount After Binance – Report

March 31, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$28,467.00
2.14%
ethereum
Ethereum (ETH)
$1,827.07
1.91%
tether
Tether (USDT)
$1.00
-0.02%
binancecoin
BNB (BNB)
$315.34
-0.35%
usd-coin
USD Coin (USDC)
$1.00
0.14%
ripple
XRP (XRP)
$0.51
-5.27%
cardano
Cardano (ADA)
$0.391684
1.55%
dogecoin
Dogecoin (DOGE)
$0.076973
3.37%
polkadot
Polkadot (DOT)
$6.27
1.71%
binance-usd
Binance USD (BUSD)
$1.00
-0.09%

Recent Posts

  • Binance.US Halts OCBS and BUSD Transactions
  • Forta Network And Blockfence Join Forces To Bolster Security For Web3 Users
  • Upbit Holds The Second-Largest ARB Token Amount After Binance – Report
  • SHIB’s Transaction Volume Surges By 700%; Here’s Why
  • Tokenization Of Real Word Assets To Reach $4-$5 Trillion By 2030 – Citi
  • UNICEF Announces Crypto Project, Tests Prototype DAO
  • FTX EU Launches New Website For User Withdrawal Requests
  • Gemini To Launch A Global Derivatives Platform Amidst Binance’s Regulatory Issues
  • Hong Kong’s New Fund Seeks $100M To Back New Digital Asset Projects
  • Injective Unveils L2 Testnet For Developers To Test Solana-Based Apps In Cosmos
  • Thailand SEC Considering Lifting Restrictions On ICOs
  • US SEC Forces Crypto Exchange To Shut Down
  • Russia Delays CBDC Launch, But Banks Are Eager To Experiment
  • Priority Trading Review (Priority-Trading.Com) – Is Prioritytrading Scam Or A Proper Broker?
  • Crypto Safety And Transparency At The Forefront Of Australian Senator’s Proposed Bill

Categories

You may have missed

Binance.US Halts OCBS and BUSD Transactions
3 min read
  • Binance
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Regulation
  • Stablecoin

Binance.US Halts OCBS and BUSD Transactions

March 31, 2023
Forta Network And Blockfence Join Forces To Bolster Security For Web3 Users
3 min read
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Scam / Hack
  • Web3

Forta Network And Blockfence Join Forces To Bolster Security For Web3 Users

March 31, 2023
Upbit Holds The Second-Largest ARB Token Amount After Binance – Report
3 min read
  • Altcoins
  • Binance
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • Ethereum (ETH)
  • News
  • Stablecoin

Upbit Holds The Second-Largest ARB Token Amount After Binance – Report

March 31, 2023
SHIB’s Transaction Volume Surges By 700%; Here’s Why
3 min read
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • NFT (Non-fungible token)
  • Shiba Inu (SHIB)

SHIB’s Transaction Volume Surges By 700%; Here’s Why

March 31, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%