Ripple CEO assures ‘strong financial position’ despite SVB collapse
Teknolohiya Ripple CEO assures ‘strong financial position’ despite SVB collapse 3 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Ripple CEO Brad Garlinghouse took to Twitter on Mar. 12 to discuss the company‘s exposure to Silicon Valley Bank (SVB) and reassure his followers of Ripple’s stability. Ripple had exposure to SVB, Garlinghouse said, but “we expect NO disruption to our day-to-day business, and already held a majority of our USD w/ a broader network of bank partners.” His short tweet thread was intended to reassure users. “Rest assured, Ripple remains in a strong financial position,” he tweeted. Setting the record straight on SVB Qs: Ripple had some exposure to SVB – it was a banking partner, and held some of our cash balance. Fortunately, we expect NO disruption to our day-to-day business, and already held a majority of our USD w/ a broader network of bank partners. - Brad Garlinghouse (@bgarlinghouse) Marso 12, 2023 Garlinghouse did not specify the amount of cash the company had in SVB. Many Twitter users responding to the thread reacted positively to the statement: “I never doubted you or @Ripple to have taken proper risk management,” one user wrote. I never doubted you or @ Ripple to have taken proper risk management. Thank you for the statement. Ripple chief