Ripple (XRP) on How Fintech Businesses Are Hungry For Regulatory Clarity

Ripple insights covered for how Distributed Ledger Technology (DLT) is going to have an incredible impact on financial services to be the major reason for greater financial inclusion leading to economic growth in economies that are beginning to emerge in developing nations.

Ripple tweeted:  “Learn why @CodeXCoasts former senior advisor to President Obama, thinks #DLT will help our arcane financial infrastructure.”

Ripple Insights points to Adrienne Harris, who used to be an Assistant to President Obama during his administration as a Senior Advisor in the U.S. Department of the Treasury.

Adrienne points to how she is able to see the US government sending checks through mail to stimulate the economy during the COVID-19 crisis.  She points to how technology can be used to improve the current financial system.

Considering the delay involved in the process of sending stimulation checks in mail, Adrienne states, “It highlights how arcane our financial infrastructure is,” further stating, “Today’s experience presents a unique opportunity, especially in the U.S., to prompt a discussion around financial infrastructure, and, of course, DLT could be a huge part of that.”

Ripple reports that regulators being very slow is one of the major problems for DLT.  Further opined that there is a requirement for transparent regulation.  There is a lot of clarity required in the industry.

Sydney Ifergan, the crypto expert tweeted:  “Ripple (XRP) are right about reinstating on regulation every time. Valuable technology is not put to full use due to regulatory glitches leading to problems in mass adoption.” 

Ripple (XRP) on How Fintech Businesses Are Hungry For Regulatory Clarity