In this video, Ripple co-founder Chris Larsen discusses the lack of regulations and reputational risk for banks as the reason for slow adoption of blockchain technology. Learn more about the challenges banks face and why they have been hesitant to embrace this innovative technology. Watch now!
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#xrp #xrparmy #xrpcommunity
Find more from Jake Claver by visiting the links below:
🖥Websites🖥
Digital Ascension Group - https://www.digitalfamilyoffice.io
Beyond Broke Mastermind - https://mastermind.beyondbroke.com
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LifestyleTranscript
00:00And then, of course, the other big thing going on here is reputational risk.
00:04I think that's where the industry is right now.
00:05You're seeing all these incumbents.
00:07Everybody's thinking about Bitcoin, math-based currencies, Ripple.
00:11They're all super intrigued.
00:12We meet with people every day at the highest level.
00:16Where you are now is this fear of reputational risk of getting involved with these protocols.
00:22If a big bank gets involved, will they get this firestorm from their regulators?
00:28So that's what's holding everybody back.
00:30So that's really what we all have to work on collectively.
00:32How do you get law enforcement comfortable, and therefore then the banks are comfortable,
00:36and then that reputational risk is taken off the table.
00:39They see the value, and that's when you really start getting these things exploding.
00:43I'll see you then.
00:44I'll see you then.