.bgarlinghouse reassured investors that the company's day-to-day business would not be disrupted despite having some exposure to SVB
The Ripple CEO hopes to have more details soon and assures investors that Ripple remains in a strong financial position.
The response from the community was mixed, with some thanking Garlinghouse for the update and expressing their admiration for Ripple's resilience in the face of adversity. However, some community members were concerned about the amount of money Ripple had held with SVB, with one user describing it as a"significant amount of money.", the price of Bitcoin spiked to an intraday high of $21,605 on the Bitstamp exchange amid reports that US officials are considering protecting all deposits at Silicon Valley Bank, following its sudden collapse, which has led to panic in the technology industry.
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