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"Ripple Brings Clarity": David Gokhshtein Posted a Tweet About the Crypto Industry

Fri, 07/16/2021 - 14:00
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Alihuseyn Gulu-Zada
PAC Protocol CEO David Gokhshtein has published another interesting tweet about Ripple
"Ripple Brings Clarity": David Gokhshtein Posted a Tweet About the Crypto Industry
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PAC Protocol CEO David Gokhshtein shared a post about Ripple on his official Twitter page.

Thus, Gokhshtein tweeted that Ripple will bring clarity to the crypto industry. His given message resonated with a wide range of followers. Some of them expressed hope for it.

Why Ripple?

The entrepreneur himself has never concealed his sympathy for Ripple and is among those who actively support the introduction of cryptocurrencies into the financial sphere.

Gokhshtein has also repeatedly stated that Ripple XRP remains on the list of cryptocurrency projects he considers most promising.

Recall that the former candidate for U.S. Congress believes that Ripple is most prepared to work with banks because of a great deal of preparation.

David Gokhshtein's observation is based on the position of Ripple's customer network, which consists mostly of central and commercial banks.

Note that, to date, Ripple has partnered with banks to transfer money across borders and also offers many features through its RippleNet solution.

RippleNet offers banks the ability to transfer funds without having funds in Nostro, as with other traditional payments used by banks.

The PAC Protocol CEO has also repeatedly stated that Ripple (XRP) is as good as Bitcoin (BTC). Overall, Gokhshtein considers diversification in crypto development a successful tack.

XRP’s Use Cases Are Basically Same as Bitcoin: Ripple’s Director of Developer Relations

The confrontation continues

This tweet by Gokhshtein was published amid confrontation between Ripple and the SEC. The day before, Ripple secured a subpoena from a former SEC official.

Ripple vs SEC Case Has Gone “A Bit Cold” Some in XRP Community Believe

Magistrate Judge Sarah Netburn rejected an SEC challenge to a subpoena to testify by the agency's former director of corporate finance, William Hinman. Thus, the confrontation between Ripple and the SEC is gaining momentum.

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About the author

Alihuseyn graduated from Yale University with a focus on linguistics and philosophy. He has worked as a journalist-analyst for Trend News Agency. At the same time, he is an academically trained singer (baritone) and a composer. Alihuseyn has been involved in cryptocurrency and blockchain since 2017 and is an enthusiast in this field, considering blockchain technology revolutionary and capable of changing society. In this area, he has written several theoretical and analytical pieces.