- Fintech Companies Demand More Regulatory Clarity Before they Can Trust Ripple
- XRP Moves Closer to the $0.300 Level as the Bullish Pressure Continues
Ripple News Today – Everyone knows that decentralized ledger technology is going to change the world. The blockchain revolution has already started and Ripple intends to be at the forefront. Despite the progress Ripple is making in the FinTech industry, the lack of regulatory clarity is still hindering Ripple’s progress as Fintech companies are hungry for it. The financial inclusion that will be possible with decentralized technology will be a great upgrade in developing nations. If the regulatory green light pops up, things are going to be better not just for blockchains like Ripple, Cardano, and Ethereum but for the FinTech industry as a whole.
Ripple News Today – for Financial Inclusion to Happen Through Blockchain Technology, Regulatory Clarity must Exist
According to Adrienne Harris, the former senior advisor to former President Obama; “Learn why @CodeXCoasts former senior advisor to President Obama, thinks #DLT will help our arcane financial infrastructure.” The statement, which was published by Ripple Insights also came with a lot of information about DLT. Harris says that she sees the United States Government sending checks through mail to citizens amid the Coronavirus pandemic. Since most people aren’t working, this is the government’s attempt to stimulate the economy. She says that DLT will be more efficient at this time. This will pave the way for large scale adoption of cryptocurrencies and blockchain technology.
XRP (XRP) Price Today – XRP / USD
Harris noted that the current efforts by the government to stimulate the economy by sending money to people are too slow. She continued;
“It highlights how arcane our financial infrastructure is. Today’s experience presents a unique opportunity, especially in the U.S., to prompt a discussion around financial infrastructure, and, of course, DLT could be a huge part of that.”
Ripple believes that the lack of regulatory clarity is one of the primary factors that is currently affecting the adoption of DLT. They noted that most FinTech companies have set regulatory clarity as a requirement for using their technology. The cryptocurrency expert, Sydney Ifergan said that Ripple needs to stop blaming regulators for the lack of adoption. In Ifergan’s words;
“Ripple (XRP) isn’t right about reinstating regulation every time. Valuable technology is not put to full use due to regulatory glitches leading to problems in mass adoption.”
XRP Moves Closer to the $0.300 Level as the Bullish Pressure Continues
In other news, the XRP token is gaining bullish momentum as it approaches the $0.300 level. At the time of writing, the price of the token was $0.291882. It is down by 0.25% against the USD and up by 1.29% against Bitcoin BTC. The trading volume over a 24 hour period was $1,799,840,590 and the market capitalization was $13,133,179,304. The token will most likely test $0.30 in the next few trading sessions.