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Ripple SVP: “One cannot minor in the cryptocurrency space but only major in it”

Akash Anand



Ripple SVP: "One cannot minor in the cryptocurrency space but only major in it"
Source: Unsplash

There were a lot of talking points from the recently concluded PreMoney San Francisco 2018 conference where technology evangelists and cryptocurrency company officials spoke about how the investor scene in the cryptocurrency market has changed and touched upon the new developments in the industry.

The panel discussed how emerging companies are taking their time to fix the nitty-gritties of their system and at the same time are not rushing into ICOs. They also added that this is a polar shift from 2017 when the cryptocurrency hype pushed a lot of people into immediate ICOs with no governing protocols to conduct an overwatch. One of the panelists stated:

“ The mentality in the cryptosphere has changed, Earlier investors used to follow a ‘quickly in-quickly out’ method to cash in on their earnings. But I think right now, they have realized it makes more sense to stick around for the long run for bigger payouts and developments.”

The discussion roster also consisted of an official from 500, an investment company based out of Hong Kong, who stated that investors have figured out that it makes more sense to stay private. She went on to say that investors have to realize that the work only begins after the ICO is done and not the other way around. The 500 official said:

“ The people involved in a company need to realize that if the finance is not managed well, it not just affects the company’s expansion plans but also creates a dent in the emotional spectrum of the entire team.”

Jordan Clifford, the Co-Founder of Scalar Capital also spoke about the importance of the evaluation of assets and spot the incentives wherever it is available. He then elucidated on the cons in the cryptocurrency space, pointing out to the absence of any investor rights when it comes to this particular field.

Ethan Beard, the SVP of Ripple was another prominent member from the cryptocurrency space who was present at the conference. He elucidated on why Ripple had stayed away from token offering citing the reason as regulatory hangovers from various overwatch bodies. Bear also touched upon the challenges and the risks that investors need to analyze before venturing into the field.

The members on the panel also spoke about how investors of today have molded themselves to answer any query related to their products. The SVP of Ripple was candid while mentioning that enthusiasts cannot minor in cryptocurrency but have to major in it. This was a lead up to his remark that investors have a lot to learn to make a mark in the industry.

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XRP: Google Chrome extension to detect trustworthiness of select XRP addresses goes live




Google Chrome extension will detect XRP wallet's trustworthiness of selected XRP addresses
Source: Unsplash

The XRP community is vast and perhaps, the most active community in the crypto-ecosystem. The community’s active presence has led to many developers and new users flocking to the ecosystem. This has also led to the development of several XRP-centric products for the ecosystem.

A Twitter user and a well-known developer, @SchlaubiD, put out a tweet about his latest development of a Google Chrome extension. This extension can be used to identify the trustworthiness of XRP wallets. The tweet read,

Additionally, the developer mentioned,

“If you are maybe seeing #Coil payments on every page, keep calm it’s expected 🙂 The extension also implements a test for monetizing chrome extensions.”

While there are tools for other cryptocurrencies to check the trustworthiness of wallets, this is the first of its kind that lets users check the same, via an extension.

The developer had previously created an extension that allowed users to send XRP via emails. The first extension/add-on allows users to send XRP via Microsoft Outlook, and the second extension made it possible via Gmail.

Micro-payments are well-known and famous in the XRP community due to the nature of the XRP Ledger, which  settles transactions faster. The micro-payments scene caught on after Wietse Wind created XRP TipBot, which is now available on Twitter, Reddit, and other platforms. Ripple supported Wietse Wind with an investment via Xpring, for his future ventures.

A Twitter user, @John_S_cothill, commented,

“Congrats, this looks ace! Possible Gmail extension in future for the businesses that have moved away from Outlook (its a growing proportion), and personal users?”

@bigbuckor, another Twitter user, commented,

“This would be yet another revolution in the way we send money…with this, who would need Western Union?!”

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