Ripple and the Trump Connection, according to official data of the ‘Senate Office of Public Records’, which will be published by the ‘center for political responsibility’, has been donated to Ripple 2019 six-figure sums for lobbying purposes to the ‘Executive Office’ from US President Donald Trump”. Specifically, Ripple should have in the first three quarters of 2019 a total of 170,000 dollars for lobbying issued.
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Ripple and the Trump Connection – What’s behind it?
As one or the other reader already knows, is Ripple a lot of energy and money in the Expansion of their services. In order to achieve the self-declared goal (=to revolutionise the international and cross-border payments), the Ripple is always keen to explore new partnerships. In Parallel, the company is working on the opening of new payment corridors and the improvement of its own products. As a competitor to SWIFT you could not use after all, only parts of the continent, but should be present.
A point that can be a thorn in the eye, is a possible negative regulation. In other words, poor cooperation with ‘the decision makers’ is bad for the business, and prevents the expansion efforts. In this picture, the announcement in October of last year, fits. This Ripple announced the opening of a new office in Washington, D.C., to faster and better with regulatory matters, deal to can.
In this respect, Ripple has issued so, in 2019, a sum of 170,000 dollars for lobbying. Compared to last year, however, this is a significant decline – since 2018 output Ripple, almost a half a Million dollars for lobbying.
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Require the partnerships lobbying?
Fair, one must, however, say the following: lobbying is an entirely ’normal‘ practice among firms. No matter whether in Germany, the United States and other major economies. Companies send very well-paid representatives to represent their interests in the policy. Anyone who takes a look in the source, sees quickly that, in addition to Ripple much bigger name on the Lobby list show up: Microsoft, At&T, IBM, McDonald’s and so on.
To expand the effort further, it is not unlikely that Ripple is to introduce its own lobbying activities in other countries and expand. In the context of the MoneyGram partnership, a new payment will always be re-opened corridors between countries. A project would not be without the consent of the regulator, and thus the political decision-makers, possible. In view of the 300 partner companies, the use of currently RippleNet, requires Ripple to a global strategy. Lobbying is part of it here.
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Ripple and lobbying in the White house – A meaningful measure of the company, in the national competition to compete? What do you think about the ‘Trump Connection?
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