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Ripple Earns “Best Workplace in the Bay Area” Recognition From Fortune
Ripple has been awarded the best workplace in the Bay Area, recognizing it as a great employer in the U.S.
95% of employees say it is a great company to work for, compared to 57% in other U.S.-based companies.
Financial technology company Ripple has been recognized with a “Best Workplace in the Bay Area” award by Fortune. 95% of Ripple employees said the company was a great place to work, compared with the typical 56% at other U.S.-based companies.
96% revealed that they felt welcome after joining the company, 96% say facilities contribute to a good working environment, 95% were given the resources and equipment to do their job and were treated as a full member here regardless of their position, and 95% of employees can celebrate special events.
One of the reasons that could be giving employees a sense of fulfillment in the company is its culture of giving. Some reports show that since 2018, the company has donated more than $200 million to nonprofit organizations and universities worldwide. One key initiative is “Ripple Impact,” where the company matches 2:1 in employee charitable donations.
Ripple utilizes blockchain technology to make cross-border payments faster, cheaper, and more accessible. Its technology offers businesses crypto solutions to meet their financial needs.
The company has also developed new solutions for businesses to interact with crypto. One of these is Ripple Custody, which is a secure way for institutional customers to store and manage digital assets. Recently, Kbank adopted Ripple Custody to offer bank-grade wallet infrastructure.
Ripple’s Connection with XRP
Ripple is the creator of the XRP Ledger, the RLUSD stablecoin, and the XRP coin, all of which are used to offer solutions in the traditional financial sector.
Although the XRP coin and XRP Ledger operate independently, Ripple still has a lot of power and is heavily influential on the two. Its ability to drive institutional adoption remains one of the key drivers for their growth. It is also involved in the technical advancement of the underlying technology. Last month, Ripple confirmed its working to migrate the XRP Ledger to post-quantum cryptography to prevent future quantum computing attacks.
At the time of writing, XRP is trading at $1.32 following a 1.5% drop in the last 24 hours. This sees the 5th-ranked coin extend its weekly losses by 2.5%. Santiment data reveals a fading interest from XRP holders. Its data says that active XRP traders are down by 47%.
According to on-chain data and reports from top analysts, retail traders appear to be taking a wait-and-see approach. Many are watching movement on institutional adoption, ETF inflows, an overall bullish altseason, and regulatory progress.