Ripple Celebrates Its 10th Anniversary In Grand Style Amidst Feud With SEC
It is an open secret that Ripple and SEC have an impending court case regarding the status of Ripple’s XRP tokens. The security and exchange commission (SEC) claims XRP tokens are securities, but Ripple argues otherwise.
However, one of Ripple’s vice presidents, Emy Yoshikawa, took to Twitter publicly celebrate Ripple’s tenth anniversary. Yoshikawa is in charge of Ripple’s corporate strategy and operations. He also made grand predictions of what the future holds for the company.
Ripple Glows In Business
The president of Ripple, Brad Garlinghouse, was also excited about this new phase and tweeted words of appreciation regarding the network’s achievements. The demand for their on-demand liquidity service has grown explosively over the years. Its year-on-year (YOY) growth now exceeds 9x.
This shows how much progress it has made in its remittance technology service. However, most of Ripple’s earnings come from bulk payments and treasury flows.
Most corporations and government establishments now use ODL for transactions beyond traditional remittances and individual payments. So, besides making progress on the business front, Ripple also has a healthy work environment.
In an earlier twitter survey, more than 95% voted that they were happy with the company. Fortune Magazine also ranked the company 34th among the top 100 medium-sized companies for employees.
Yet, Ripple still aims to increase its workforce by hiring more hands while many other companies in the same sector are reducing their staff strength. This shows how much economic power the company has garnered over time and amidst the massive competition.
Ripple Makes A Headway In The Legal Feud With SEC
The lawsuit by SEC against Ripple is also going very well for Ripple. The court has ordered that William Hinman’s correspondence in 2018 be made available for Ripple, and the SEC has complied.
The document shows the ex-SEC chief attesting that Ethereum is not a security. This move has placed Ripple a step ahead of SEC as the documents could favor the company.
While they are not revealing this document to the public yet, the SEC has submitted it to Judge Netburn for a private review.
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