Unlike other companies and exchanges that have had to lay off workers, the CEO of Ripple says they are prepared for such scenarios and will continue to hire despite the market an area or arena, online or offline, in which commercial dealings are conducted. downturn.
- Despite the crypto winter, Ripple will continue to hire new workers.
- Garlinghouse assures that Ripple is ready for a crypto winter.
- They have equipment that already has experience in market crashes.
- Exchanges have had to lay off part of their team.
There is no doubt that the crypto winter was a difficult scenario for many companies in the sector, as the drop in prices led several to reduce their payroll and/or postpone plans. However, this does not look like it will be the case forRipple, the company that develops solutions Blockchain, since its president assured that they will continue to carry out their operations with total normality.
Ripple is ready for the crypto winter
This was stated by the company’s CEO, Brad Garlinghouse, who commented in a thread of messages published through his account an account is essentially a whose purpose is to track the financial activities of a specific asset/ of Twitter that sinceRipple have been preparing for this type of scenario, and although he acknowledges that it is not an easy period, he guarantees that they will continue to hunt for the best talent within the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. ecosystem.
On the market downturn and the outlook forRipple, Garlinghouse insisted that it is not an easy situation that is coming, but they have the experience of other bear someone who believes that prices in a given market will decline over an extended period. Such a person might be referred to as “bearish.” markets and have been able to stay operational despite having the prices against them. He pointed out that the company has an experienced executive team that has been through scenarios such as the bubble when an asset is traded at a price exceeding that asset's intrinsic value. of the .com, the financial crisis of 2008 and the cryptocurrency crash of 2018, so the expertise and insight of members has been invaluable in weathering these types of scenarios.
In this regard, Garlinghouse emphasized thatRipple has been strengthened by maintaining a long-term approach. The company has been working on the development of business protocols whose usefulness is prolonged over time, without any speculative value:
“It’s about products that solve problems today, not those that look for more problems.”
Hiring will continue
In terms of the employee base, the CEO ofRipple said they will continue recruiting people to join their team. To do this they have a cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. flow that will sustain the plans, and expect that at least 50% of its workforce resides outside the U.S., in regions where there is also a lot of talent in the space. Blockchain.
What Garlinghouse said would be more or less in the same vein as the CEO of Binance, Changpeng Zhao, who also assured that they were prepared for such a scenario, and that from the exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. will continue to carry out its plans as they have been doing, including expansion plans and hiring staff to strengthen its operations.
Además de las contrataciones, Garlinghouse reiteró que desde Ripple will continue to emphasize the need for greater transparency for the industry, so they will always make it a rule to present detailed reports of their operations, as well as to offer quality information to anyone who requires it.
Not everyone remains steadfast in the face of crypto winter
While the CEO ofRipple reiterates that they will continue to hunt for new talent to swell their ranks, several reputable companies revealed that the crypto winter has led them to take measures to ensure their operations, which involves laying off some of their workers.
This way go exchanges such as Gemini, Crypto.com y Coinbase, which communicated in recent weeks that they had to lay off some of their staff due to the effects of the market downturn.
As for the crypto winter, these last days Bitcoin and the main cryptocurrencies have registered very low prices that, according to analysts, are approaching critical barriers in the face of the historical maximums registered in 2021. In the case of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. (BTC), the leading cryptocurrency is approaching USD $20,000 per unit, while Ethereum a decentralized open-source blockchain with smart contracts functionality. (ETH) is around USD $1,000.
- Gemini crypto exchange lays off 10% of its workers in response to crypto winter
- Coinbase is an American company that operates a cryptocurrency exchange platform. lays off 1,100 employees, 18% of its workforce
- As Binance pushes ahead with expansion, BlockFi and Crypto.com opt to lay off workers
Version by Angel Di Matteo / DiarioBitcoin
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