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Ripple’s Top Executive Gets on Blockchain Association Board as Co-Chair

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  • Yuri Molchan
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    Ripple keeps expanding not only through signing up new customers on RippleNet but trying to impact the crypto and DLT industry on the whole

Ripple’s top exec Ben Melnicki joins the Blockchain Association
Cover image via 123rf.com

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In his recent tweet, the Ripple’s head of regulatory affairs in the US, Ben Melnicki, spreads the word that he has joined the Blockchain Association’s board as a co-chair.

Ripple is up to blending banks with crypto

This is the second Ripple’s executive to join the Blockchain Association. Prior to Melnicki, Michelle Bond, the global head of Government Relations, did the same.

This comes after Ripple announced the opening of a representative office in Washington, D.C., in order to have a closer dialogue with the US regulators, such as the SEC.

Since Ripple is collaborating with banks and the current financial system instead of opposing it (as Bitcoin and other cryptocurrencies and their communities are doing), Ripple is up for setting up a proper regulatory mechanisms for this innovative sphere of fintech.

To help blend the current regulatory system and the nascent crypto technology, Ripple’s reps are joining the Blockchain Association.

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XRP price remains at the foot of the hill

Currently, as the market is the red, XRP, Bitcoin Cash and Tron are the three coins that are sliding down at about the same pace – losing around 4 percent overnight.

The other day XRP slipped below the psychologically important level of $0.25. However, some in the community remain optimistic, reminding everyone how quickly the XRP price surged back in 2017 from under $0.25 to over $2.

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Ethereum’s Vitalik Buterin: Fiat Money Will Not be Destroyed

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  • Vladislav Sopov
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    Vitalik Buterin, Co-Founder of the Ethereum Foundation and “father” of Ethereum, sat down with Eric Weinstein on The Portal podcast to discuss “old” and “new” economics.

Vitalik Buterin, Ethereum: Fiat Money Will Not Be Destroyed
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Contents

Two intellectuals, Vitalik Buterin (Creator of Ethereum), and Eric Weinstein (PhD, scientist, and Managing Director at Thiel Capital), recently sat down on The Portal to discuss Mr. Buterin's attitude towards the "classic" economics theory.

Libertarianism and Diversity

When both individuals discussed libertarianism, Vitalik Buterin said that libertarians mostly belong to two large groups characterized as either a "leave me alone'" or "conquer the world" approach. This divergence can be extrapolated into cryptocurrencies in terms of their mass adoption.

Mr. Buterin highlighted that there are participants within the crypto community that are assured that fiat currencies will be destroyed and replaced by Bitcoin (BTC). In general, Mr. Buterin estimated that the prospects of any "short-term disruption" for the sake of some "nebulous long-term gain" is skeptical. He said:

I'm definitely not in the camp that actively relishes that fiat currencies will be destroyed. 

Mr. Buterin added that several members within the Bitcoin community share this belief.

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Peaceful Coexistence

Vitalik Buterin predicts that Bitcoin and other cryptocurrencies will coexist with fiat money and balance the disadvantages of the classic monetary system. He also added that cryptocurrencies will provide "checks and balances" against a government monopoly on "issuing money" rather than "replacing it entirely".

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Mr. Buterin is well-known as a champion of pluralism in future world of cryptocurrency. He is sure that different communities will defend their views on its development.

Will crypto one day replace fiat money? Tell us your opinion on Twitter.

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About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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