Ripple and the U.S. Navy: implementing blockchain

• As the world takes many twists and turns down the rabbit hole of coronavirus, the crypto market seems to be going through a new phase of its bull rally. 
• The XRP community specifically might be getting something to lift up their hopes.

As the world takes many twists and turns down the rabbit hole of coronavirus, the crypto market seems to be going through a new phase of its bull rally. The XRP community specifically might be getting something to lift up their hopes. 

This comes after the President of Solari Inc., Catherine Austin Fits, spoke in a recent interview where the U.S. Navy hired a Danish technology company to help develop an implantable chip that would work side-by-side with the ripple blockchain.

Ripple is currently facing a class-action lawsuit filed by many early investors in its XRP token who believe that they were swindled by the company. The new moves by the Navy to support the blockchain will go a long way for the company to help bring in new customers for both the token and its flagship product, RippleNet.

The conversation started when one crypto investor posted a video of Catherine who gave her thoughts on the matter. In the video she said that any information from her is to be trusted because she has also experience and information on the Danish business.

“They had one of the tech firms in Denmark, which was being paid by the US Navy to come up with a chip that could be implanted in the human body and that could integrate with Ripple.”

She further went on to say that as a cryptocurrency, XRP is one that has gained a lot of promotion from America in her experience.

It will be interesting to see how this situation plays out. For more news on this, the XRP price and other crypto updates, keep it with CryptoDaily!