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Ripple News Today – Ripple Might Be Benefiting From An Ongoing Deal With The U.S Navy According to Catherine Austin Fitts – April 7th, 2020

  • President Catherine Austin Fitts of Solari Inc Talks About a Possible Partnership Ripple and the US Navy.
  • The Partnership Might Be Just What Is Needed to Change The Game For Ripple. 

Ripple News Today – Ripple is always looking for strategic partnerships and opportunities that will bring it closer to global adoption. So far, the firm has done well and if the latest Ripple news is true, greater things may be on the way for Ripple. According to Yuri Molchan, the president of Solari Inc may have come across some data regarding the United States Navy and Ripple. The Ripple News, which was initially posted on U.today, stated that Solari came across information that the Navy was making plans to hire a tech firm that will produce Ripple compatible microchips.

Ripple News Now – Is Ripple About To Seal A Partnership With The United States Navy?

According to Catherine Austin Fitts, the United States Navy hired a Danish-based tech company and tasked it with producing implantable microchips that will be compatible with the Ripple blockchain. A video, which was posted on Twitter, showed Fitts talking about the deal between the United States Navy and an unnamed Danish firm. While she didn’t give details about the partnership and the use of Ripple’s blockchain, she said that her information is reliable because she has years of experience of doing business with the Danish. In her words;

“They had one of the tech firms in Denmark [which] was being paid by the US Navy to come up with a chip that could be implanted in the human body that could integrate with Ripple. Ripple is crypto and it’s the one that’s gotten a lot of promotion from the American establishment in my experience, just my impression”.

Ripple News Today – What Does a Partnership With the Navy Mean For Ripple and XRP?

Ripple is already the most controversial blockchain firm in the space. Many in the cryptocurrency space don’t even see Ripple’s XRP as a cryptocurrency because it doesn’t reflect the thing that a cryptocurrency is supposed to stand for, true decentralization. Now, if what Fitts has said is true, Ripple is going to get a lot of backlash from the cryptocurrency community. If the navy is going to use Ripple’s technology to create microchips, then the company has gone against everything that blockchain technology represents.

Blockchain was created to free the people from the shackles of centralization. Many people have already reacted negatively to the post as it gives the entire cryptocurrency and blockchain industry a bad name. Ripple might benefit financially from such a deal but it will lose what little support it has left in the cryptocurrency community.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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