With the current decline of Ripple (XRP) in the markets and the constant FUD in the form of court cases and SEC rumors, it is worthy to look back at where the Coin has come from. This might be a good way to refresh our memories and confirm to ourselves that Ripple (XRP) is not going away anytime soon.
As a matter of fact, these exact same words were spoken by the CEO of Ripple (XRP), Brad Garlinghouse, back in February when he was referring to the negative comments about cryptocurrencies by J.P Morgan Chase CEO, Jamie Dimon. Mr. Garlinghouse said:
Despite the prognostication of Jaime Dimon, this is an asset class that I don’t think is going away anytime soon
The core goal of Ripple is to be a payments company that facilitates banks in moving money easily internationally. This might be contrary to what the Crypto-verse defines as decentralization, but what better way to introduce this concept to banks than from within the ranks. Brad Garlinghouse elaborates this in the same interview when he says:
We are a payments company. The best way to bring cryptocurrency to the mainstream is to “work within the system” as opposed to using cryptocurrency to circumvent government regulation and financial institutions.
When it comes to matters concerning peer-to-peer transactions, Ripple has updated its ledger software less than 2 days ago via popular software development platform, Github. The new code named Rippled version 1.0.0-rc1, was added by Nik Bougalis who is a cryptographer and software engineer leading the C++ team at Ripple. The rc1 at the end means that the code is a Release Candide 1. This in turn means that the software has been put out there for us to use as the final version is being worked on. As a Beta version of the code, this version will help in the discovery of bugs by other developers in the development team present on Github.
In conculsion, the trip down memory lane through Brad Garlinghouse’s comments and the new commits on Github by Bougalis, makes it safe to conclude that Ripple is not going away anytime soon despite the SEC rumors and a pending court case that wants to pull it down by defining it as a security.