‘The Biggest Risk we Face Today is Regulation’: Senior #Ripple Executive

July 11, 2018

 

One of the regulatory uncertainties that Ripple is currently grappling with is whether it should be classified as a security or not. While the U.S. Securities and Exchange Commission has clarified that Ethereum and Bitcoin are not securities, the same treatment has not been accorded XRP. The senior vice president of product at Ripple, Asheesh Birla, has revealed that the biggest risk the company faces today is regulation.As a result, Ripple is putting together a large regulatory team charged with the responsibility of ensuring that the next wave of clients that the startup wins are not hindered by regulatory bottlenecks.“We are going around the world making sure that for the next 1,000 customers that we want to bring on… which we think we can do in the next two years … that regulation is not going to be an issue,” said Birla during a panel session dubbed ‘Scaling and Digital Disruption in Fintech’ that was organized by the University of Pennsylvania’s Wharton Scale School. Ripple is the 3rd largest cryptocurrency by market cap size. It is down 4.61% over the past 24 hours and is currently trading at $0.445331. It can be bought with fiat dollars, credit cards, or debit cards on cryptocurrency exchanges such as CEX.io and Changelly.

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