Ripple (XRP) has recently been ranked as one of the best employers in tech industry in San Francisco Bay Area. The survey was conducted by a research firm Good Place to Work (GPTW). Ripple ranked as the 17th top employer where 91% of employees reported that Ripple is a great place to work. Whereas, 95% were proud to work there.
GPTW conducted an anonymous survey of more than 30,000 Bay area employees with a set of 60 questions. The poll covered aspects such as employees trust, ability to grow, their day to day work experience, effectiveness of leader and company’s value.
The list of companies on GPTW survey include Big Four firms KPMG LLP and Deloitte as the 10th and 14th top employers. Tech giant Cisco as the 11th, software company Adobe as the 12th, and NVIDIA as the 17th.
In Ripple’s case 97 percent of the survey participants answered that they are willing put in extra hours to get the job done. Whereas, 96 percent said they were able to take required leaves. Also, 95 percent mentioned that they were made to feel at ease when joining the company.
Yoshitaka Kitao, CEO and representative director of Japanese financial services giant SBI Holdings listed Ripple and blockchain consortium R3 as the only hope for a better and refined crypto industry. Ripple’s use-case in cross-border remittances is already in use and will continue to increase.
He added that although blockchain-based DLT platforms have already been implemented in ‘MoneyTap.’ The major international remittance venues like SBI Remit, Moneygram, and Western Union would also be adding XRP in their system.
CoinMarketFeed reported on 20th February, that Japan Virtual Currency Exchange Association (JVCEA), revealed that the “in- kind value of XRP” is at least 30 billion yen more than the actual holding amount of other major virtual currencies.
In early February, Ripple launched an incentive-based growth program to promote the commercial use of RippleNet. The organization has assigned $300 million worth of XRP for the incentives. The program will be rolled out to increase volume and adoption of Ripple based payments.
The rewards will come in the form of rebates in fees and support to the marketing team of the institutions when they reach integration and volume milestones. The discounts are enticing and further RippleNet’s transaction fees and support cost is also less than the conventional banking or SWIFT network currently in use.