David - Cryptocurrency Enthusiast
Ripple has seen record growth in recent months despite the crypto winter, according to the company's new president, Monica Long. Long joined Ripple in 2013 as director of communications and expanded her role last year from general manager of RippleX, the blockchain development side of the business, to general manager of the company, adding RippleNet, the company’s financial network, to her purview.
The role of president at Ripple has been fluid in the past, with both co-founders Brad Garlinghouse and Chris Larsen holding the title at different points. However, Monica Long's elevation to the position couldn't have come at a better time for the company, as they navigate the current crypto market downturn while simultaneously experiencing a historic surge in business and customer growth.
Monica Long, the newly appointed President of Ripple, played a pivotal role in the creation of the On-Demand Liquidity (ODL) solution, which has been deemed as the company's flagship product since its launch in 2018. In addition to ODL, Long also played a key role in the development of LiquidityHub, an adjacent service that was introduced last year and continues to be expanded by the company. According to Long, ODL accounted for over 60% of RippleNet's payment volume in the previous year.
As for RippleX, Long said an automatic market maker specification would go up for a vote by the validators this year. This is great news for investors looking to buy Ripple XRP, as the company's growth and development is continuously on the rise.
Ripple, the blockchain-based financial network, has been embroiled in a legal battle with the United States Securities and Exchange Commission (SEC) over accusations of conducting an unregistered securities offering of $1.38 billion and selling XRP to retail investors as an unregistered security. However, despite the ongoing court case, company co-founder Brad Garlinghouse has expressed optimism that a decision will be reached this year, which could greatly influence the trajectory of Ripple and the accessibility of buying XRP for investors.
Despite this ongoing legal battle, Ripple's growth continues to soar, and it remains a top choice for investors looking for a reliable crypto asset management option. BCBitcoin, as a cryptocurrency broker, is proud to offer our clients the opportunity to buy XRP and other leading crypto currencies.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards