solodeji Posted March 1, 2022 Share Posted March 1, 2022 Brad Garlinghouse, the CEO of Ripple, has recently highlighted the reality of the role of XRP, crypto, and blockchain in evading global sanctions, such as the recent sanctions imposed on Russia by the West. The West intends to prevent Russian banks from accessing the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the communications network that strengthens financial transactions across the world. The round of sanctions recently imposed by the United States, European Union (EU), United Kingdom (UK), and Canada will eject Russia from SWIFT, which will, in turn, paralyze the assets of the central bank of Russia. Brad Garlinghouse Discusses Crypto’s Role in Evading Global Sanctions Due to the new development, Ruble-Bitcoin (RUB/BTC) volume hit a 9-month high, making many see crypto as Russians’ last resort. This prompted Ripple CEO, Brad Garlinghouse, to discuss the reality of XRP, crypto, and blockchain’s role in evading global sanctions. In a tweet on 28th February, Garlinghouse wrote, “To clear any confusion - RippleNet (while being able to do much more than just messaging a la SWIFT) abides by international law & OFAC sanctions. Period, full stop.” https://timestabloid.com/ripple-ceo-highlights-reality-of-xrp-crypto-and-blockchains-role-in-evading-global-sanctions/ JASCoder, KarmaCoverage and Julian_Williams 3 Link to comment Share on other sites More sharing options...
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