{"id":29836,"date":"2022-06-14T06:05:47","date_gmt":"2022-06-14T10:05:47","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=29836"},"modified":"2024-07-28T07:37:00","modified_gmt":"2024-07-28T11:37:00","slug":"garlinghouse-explains-how-ripple-continues-hiring-despite-red-market","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/garlinghouse-explains-how-ripple-continues-hiring-despite-red-market\/","title":{"rendered":"Garlinghouse Explains How Ripple Continues Hiring Despite Red Market"},"content":{"rendered":"\n<p>Ripple CEO <a href=\"https:\/\/coinscreed.com\/staging\/ripple-ceo-brad-garlinghouse-slams-sec-hopeful-for-new-administration.html\">Brad Garlinghouse<\/a> said Ripple will continue hiring people despite the red market as a result of the company's experienced management<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-103-1024x576.png\" alt=\"Garlinghouse Explains How Ripple Continues Hiring Despite Red Market\" class=\"wp-image-29842\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-103-1024x576.png 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-103-300x169.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-103-768x432.png 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-103-150x84.png 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-103-750x422.png 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-103-1140x641.png 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-103.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>Garlinghouse Explains How Ripple Continues Hiring Despite Red Market<\/figcaption><\/figure>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\"><ul><li><a href=\"#h-garlinghouse-optimistic-crypto-will-succeed\" >Garlinghouse Optimistic Crypto Will Succeed<\/a><\/li><li><a href=\"#h-how-ripple-continues-hiring-despite-red-market\" >How Ripple Continues Hiring Despite Red Market <\/a><\/li><li><a href=\"#h-u-s-federal-reserve-to-implement-biggest-rate-increase-since-1994\" >U.S. Federal Reserve to implement biggest rate increase since 1994<\/a><\/li><\/nav><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-garlinghouse-optimistic-crypto-will-succeed\">Garlinghouse Optimistic Crypto Will Succeed<\/h2>\n\n\n\n<p>Ripple CEO Brad Garlinghouse recently commented on the current cryptocurrency crisis on Twitter, predicting that the market will &#8220;shrink&#8221; in the near future.<\/p>\n\n\n\n<p>Despite the comments, the executive remains optimistic in the long run. He believes cryptocurrencies will become &#8220;an intrinsic part&#8221; of the financial system in the future.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity is-style-default\" \/>\n\n\n\n<blockquote class=\"wp-block-quote has-text-align-center is-style-large is-layout-flow wp-block-quote-is-layout-flow\"><p>The market is likely going to shrink in the near term, but I and many others have every ounce of confidence that crypto will succeed in the future as an integral part of our global financial systems. Slow and steady wins the race.<\/p><cite>Brad Garlinghouse,  CEO of Ripple.<\/cite><\/blockquote>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity is-style-default\" \/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-ripple-continues-hiring-despite-red-market\">How Ripple Continues Hiring Despite Red Market <\/h2>\n\n\n\n<p>Ripple, one of the oldest crypto firms, has weathered prior bear market downturns, according to Garlinghouse, by having experienced management, focusing on the long term, and operating transparently.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-twitter\"><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">It\u2019s never easy, but there are a few key reasons why Ripple has weathered the cyclical bear markets, as we will do here and continue growing. 1\/ having an experienced exec team that has been through the dot com bubble, 2008 financial crisis, 2018 crypto winter and more.<\/p>&mdash; Brad Garlinghouse (@bgarlinghouse) <a href=\"https:\/\/twitter.com\/bgarlinghouse\/status\/1536496428276936704?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">June 13, 2022<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/div><\/figure>\n\n\n\n<p>Ripple CEO Brad Garlinghouse also said;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;<em>Operating with transparency &#8211; as a holder of XRP, we believe communication & transparency (including our Quarterly Markets Reports) are key to being a responsible stakeholder. We\u2019ve been asking for regulatory clarity for years, and been upfront about what is\/isn\u2019t working.<\/em>&#8220;<\/p><\/blockquote>\n\n\n\n<p>While many crypto companies have <a href=\"https:\/\/coinscreed.com\/staging\/coinbase-no-longer-hiring-due-to-market-volatility.html\">halted hiring<\/a> or begun to <a href=\"https:\/\/coinscreed.com\/staging\/crypto-com-plans-to-lay-off-5-of-corporate-staff.html\">reduce their workforce<\/a>, Ripple claims that after obtaining a &#8220;substantial&#8221; cash reserve, it would be able to expand its workforce even during the down market. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-u-s-federal-reserve-to-implement-biggest-rate-increase-since-1994\">U.S. Federal Reserve to implement biggest rate increase since 1994<\/h2>\n\n\n\n<p>Bitcoin came perilously close to falling below $20,000 earlier today before seeing a tiny rescue rally. Some believe that this will be the first bear market in which the cryptocurrency falls below the preceding bull cycle's peak.<\/p>\n\n\n\n<p>The Federal Reserve of the United States is set to adopt a 75 basis point rate hike on Wednesday, according to The Wall Street Journal. This would be the largest rate hike since 1994, as the central bank becomes more hawkish in its fight against out-of-control inflation.<\/p>\n\n\n\n<p>While Bitcoin has largely prospered in a low-interest-rate environment for the majority of its life, there are rising concerns that the Federal Reserve may smash the cryptocurrency ecosystem by ending the age of &#8220;free money.&#8221; By the middle of 2023, rates are predicted to reach 4%. When they were this high in 2007, Bitcoin had not yet been released.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple CEO Brad Garlinghouse said Ripple will continue hiring people despite the red market as a result of the company&#8217;s experienced management Garlinghouse Optimistic Crypto Will Succeed Ripple CEO Brad Garlinghouse recently commented on the current cryptocurrency crisis on Twitter, predicting that the market will &#8220;shrink&#8221; in the near future. Despite the comments, the executive [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":29842,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[10605,8171],"class_list":["post-29836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripples-news","tag-brad-garlinghouse","tag-ripple-news-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-103.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/29836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=29836"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/29836\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/29842"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=29836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=29836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=29836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}