Ripple focuses mainly on its fairly successful strategy to advance the world of financial technology. Setting the right business priorities really helps Ripple achieve significant heights in its industry. The successes and features of Ripple are manifested in various moments. So, Xpring invests in Keyless, and Ripple CEO Brad Garlinghouse said that XRP is not related to securities.
Xpring’s Keyless Investment
Ripple Xpring invests in Keyless, which is a decentralized platform. Ripple’s new investment project focuses primarily on confidentiality and is also designed specifically for authentication and identity management using convenient and secure biometric data. The exact details of the financing-based collaboration are not known, but it is likely that the funds invested by Ripple served to develop funds to combat various types of fraud. Ripple Xpring welcomes the new investment facility, hinting at some improvements thereafter in terms of consumer safety.
Statement by Brad Garlinghouse
Ripple XRP is not classified as a security, according to CEO Brad Garlinghouse. It is worth noting that the debate itself as to whether Ripple XRP can be a security lasts long enough. A number of experts and figures have repeatedly expressed that this opinion regarding XRP is erroneous. Now the head of Ripple himself spoke about this. According to the head of Ripple, in general, the reason for doubts is that in the cryptocurrency industry there are a lot of different misinformation and rumors that are not confirmed by anything.
The presence of such, according to the CEO of Ripple, greatly complicates the work of regulatory authorities. Therefore, such peculiar doubts may arise that have nothing to do with the true state of affairs. In addition, the head of Ripple commented on the SEC recommendation document, which the plaintiff tried to emphasize in court, claiming that XRP refers to securities. According to the CEO of Ripple, the SEC does not describe digital assets too clearly, so almost everyone can seem to be more or less a security. Therefore, these recommendations in general should not be taken into account in relation to the Ripple XRP.