Victor Ugochukwu · Dec 14, 2020 . 5min read
Ripple CEO’s Statement Stirs Speculations about Ripple’s Acquisitions
There are rumours in the XRP community stating that Ripple is looking forward to more acquisitions, after its CEO's statement.
By Komal Joshi · Sep 28, 2020 . 5min read
There has been increasing speculation among the XRP community members that the cross-border payment firm, Ripple, is looking for acquisitions. These speculations have been stimulated after discovering some comments about this from the CEO of Ripple, Brad Garlinghouse. The latter recently appeared in an episode of Ripple Drop, where he spoke about the company’s plans about expanding its business.
According to Brad Garlinghouse, the company is looking forward to strategically develop and expand its business during the ongoing Covid-19 pandemic. Garlinghouse especially considers potential acquisitions that the blockchain payment technology giant is planning on in the coming months. Brad Garlinghouse says that Ripple must be more cautious while making business-related decisions. However, he assures that it will probably be extra careful regarding their strengths, investments, and potential acquisitions in the future.
Ripple to Flourish Despite Covid-19 Pandemic Challenges
After this statement, investors from the XRP community took to XRP Chat, to discuss these revelations by the Chief Executive of Ripple. XRP Chat is a famous XRP-focused forum, thus developing sparks about Ripple acquisitions. Moreover, Garlinghouse elucidates that recently, almost all businesses worldwide face dire challenges due to the global Covid-19 pandemic. The businesses sufferings include the cross-border payments industry.
However, Ripple’s CEO believes that their business will thrive these challenges. He states that the volatility of the economy develops some uncertainty for global payments. He further says that we live in a globally interconnected world where there are many migrant workers. However, the pandemic may slow down, but Ripple won’t stop transferring money across the globe. He assures that this is something that is never going to change.
Conclusively, it is a well-known fact that the blockchain payment company always concentrates on the growth of its ecosystem. It also focuses on developing its native digital currency XRP.
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