Coinbase’s Anti-Politics in Workplace Stance Goes Against Bitcoin’s Core Principle: Twitter CEO

Twitter CEO and Bitcoin proponent Jack Dorsey criticized Coinbase Inc.’s newly announced policy for keeping politics out of the workplace, saying it is exactly the opposite of what bitcoin and cryptocurrency are all about.

“Bitcoin (aka “crypto”) is direct activism against an unverifiable and exclusionary financial system which negatively affects so much of our society. Important to at *least* acknowledge and connect the related societal issues your customers face daily. This leaves people behind,” said the Twitter chief.

The tweet from Dorsey, who’s Twitter profile bio only reads “#bitcoin,” has been in reaction to Coinbase CEO Brian Armstrong’s blog post arguing that the company must be mission-focused and not “advocate for any particular causes or candidates internally that are unrelated to our mission, because it is a distraction.”

Social activism, according to Armstrong, has the potential to “destroy a lot of value” at a company by being a distraction and creating internal division.

“Jack making an appeal to all the (ex) Coinbase employees that are about to get paid to leave, well played,” tweeted one crypto community member, “Brian driving his talent away… Jack sniping it.”

Amidst this, former Twitter CEO Dick Costolo pushed things further by suggesting those who disagree with having political activism in the workplace will be “lined up against the wall and shot.”

The world is divided on Coinbase’s mission, with some completely against it and others hailing it as “leading the way” and interpreting it as “let’s stop shitposting about politics in slack and get back to work.”

The San Francisco-based cryptocurrency exchange with more than 35 million users says, “We are an intense culture, and we are an apolitical culture.”

The company took one step further and doubled down on its stance this week. In an internal email to employees, Armstrong offered any employee who “doesn’t feel comfortable with this new direction” four to six months of severance to leave the company.

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Author: AnTy

Ripple Exec Launches Payburner Beta, A Global P2P Payment Gateway For Accepting XRP

Ripple Inc.’s product executive, Craig DeWitt, announced the launch of a beta version of Payburner on Twitter. Payburner is a browser extension that enables instant and easy peer-to-peer XRP payments. The platform features a browser plugin, PayID integration, automatic invoice requests, an encrypted P2P chat service, and a direct search for accounts on the network.

The browser extension also features a new “eCommerce flow,” enabling any website to accept online payments in XRP.

Payburner is a non-custodial wallet as a browser extension currently available to Chrome and Brave users. The wallet leverages the Ripple led Xpring program that provides a toolkit for startups to build payment solutions using XRP.

A shared blog post on Medium explains the installation process on both browsers takes only a couple of minutes, but users can only deposit 22 XRP in their first deposit on the platform.

The new platform comes with a stack of features, including the non-custodial wallet that allows users to control their own money, PayID, an instant payment system that will enable you to send money to any PayID address globally, and the Request for Payment service.

One of the exciting features added in the beta version is the network search feature that allows users to search for any PayID address in the global network. Notwithstanding, the team is working on bringing a more comprehensive global directory from social sites such as Twitter handles.

Finally, the Payburner eCommerce flow allows any website to integrate XRP payments or donations directly to their wallet. The company is set to take off a 1% fee on every purchase with two sites – and already supporting the platform.

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Author: Lujan Odera

Ripple Execs Meet With Central Bank Of Brazil Officials in ‘Closed to the Press’ Meeting

Ripple Inc.’s, Brad Garlinghouse held a ‘closed to the press’ meeting with Brazil’s Central Bank officials on May 30th to discuss “institutional matters” in the South American country. Top officials from both Ripple and the Central Bank of Brazil held the meeting at 1700 hrs to 1800 hrs. What could be the motive behind the closed-door meeting?

Ripple Executives meet with the Central Bank of Brazil Officials

According to the Agenda of Authorities of Banco Central do Brasil website, the schedule of Roberto Campos Neto, the central bank’s president, showed he met online with Ripple executives on Saturday evening last week. While major details on the meeting remain unrevealed to the media, the agenda only hinted at “institutional matters”.

Three Ripple executives and board members accompanied CEO at Ripple Inc., Garlinghouse – Ben Lawsky, Member of the Board of Directors of Ripple, Eric van Miltemburg, Senior Vice President, Global Operations, Ripple, Luiz Antonio Sacco, Vice President of Global Operations and General Director for Latin America at Ripple.

Brazil’s central bank was led by Roberto joined by João Manoel Pinho de Mello, the Financial System Organization and Resolution Director, and Otavio Ribeiro Damaso, Regulation Director.

Both, Ripple and the Central bank of Brazil officials have remained silent on the conference discussions. Could the bank be looking at a possible central bank digital currency (CBDC) or settlement platform?

Brazil’s QR based instantaneous payment system

The most sensible explanation for the meeting may be to discuss the QR-based payment system that the central bank is developing. PIX, the non-crypto payment platform will offer P2P ad B2B payment solutions within the country aiming to reduce the transaction costs and speed of transactions.

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Author: Lujan Odera