Ripple CEO Reveals How Coronavirus Has Affected His Company

News
Thu, 03/19/2020 - 06:06
Alex Dovbnya
According to Brad Garlinghouse, Ripple employees work remotely to help those in need send money to their loved ones
Cover image via ripple.com
Contents

The coronavirus epidemic has proven to be detrimental to both big and small businesses. According to Ripple CEO Brad Garlinghouse, his company prioritizes the health of its workers, which is why they now from remotely. However, Ripple continues to serve its customers in this critical time. 

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Helping those in need

Despite joining the work-from-home tech crowd, Ripple is still determined to give a helping hand to those in need. Garlinghouse says that they are ‘doing everything they can’ to let individuals send cross-border payments to their loved ones. 

The San Francisco-based blockchain company was recently recognized as one of the leaders in the cross-border payment industry alongside its numerous partners such as MoneyGram.  

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Uncharted waters 

Garlinghouse has also mentioned that the global economy is in ‘uncharted waters’ due to the coronavirus crisis. That said, he also believes that the markets are historically resilient enough to recover. 

Investor Bill Ackman recently suggested that President Donald Trump should shut down the entire country to prevent a string of back-to-back bankruptcies. Otherwise, America 'as we know it' could end. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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