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May 2, 2021Blog Posts

Ripple CEO says the U.S. lacks regulatory clarity on cryptocurrency

CNBC

Ripple CEO Brad Garlinghouse said the lack of clarity in U.S. regulation of cryptocurrencies is “frustrating.”

Known for the cryptocurrency XRP, the fintech company has been caught in a high-stakes legal tussle with the U.S. Securities and Exchange Commission since last year.

In December, the SEC filed charges against the firm, Garlinghouse and a Ripple co-founder, alleging they raised more than $1.3 billion through an unregistered securities offering.

Garlinghouse said the U.S. has yet to provide clear regulatory guidelines for cryptocurrencies unlike countries in Asia.

“I give credit to markets like Singapore and even parts of Korea where there really has been a thoughtful government-led effort to define and have clear regulatory frameworks around cryptocurrencies,” he told CNBC’s “Squawk Box Asia” on Friday.

Ripple logo and symbol, meaning, history, PNG

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The Strawhecker Group (TSG), the largest analytics and consulting firm focused on the payments acceptance industry, is proud to announce that Fiserv has won the inaugural Omnichannel Provider of the Year award. Read the press release.

Through an in-depth review and submission process, payments providers were asked to explain why their omnichannel solution provided the most seamless payment experience across in-store, online, and mobile channels.

In analyzing the submissions, and taking into special consideration which providers offered the most comprehensive and versatile solutions, Fiserv was selected for this year’s award. The flexibility of the Clover® platform for SMB merchants, coupled with the multifaceted interface of Carat, an omnichannel commerce ecosystem built for large enterprises, solidified the Fiserv team as a true leader in omnichannel commerce.

Additionally, Cybersource, A Visa Solution, received second place for its versatile gateway solution. Through integration, Cybersource is able to merge and facilitate selling through numerous channels all with centralized reporting, cementing them as TSG’s distinguished runner-up.

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