Brad Garlinghouse tweeted that he was personally taking legal action against YouTube as he states that the platform is the epicenter for imposter scams.  He also recollected how the channel had done next to nothing in response to their constant take down requests.

Garlinghouse tweeted:  “YouTube’s inertia is indicative of an industry-wide problem of a lack of accountability. Victims are forced to jump through hoops to report these scams, and oftentimes that doesn’t even work – ex: when @Instagram told me I wasn’t being impersonated.”

The Ripple CEO felt that at times like these, when consumers are feeling vulnerable that it is very important than ever to protect people from rampant scams.

Investors and the community were already appalled about the lack of accountability in the space. Some of them, in repose to the CEO’s reaction, are hoping to see the issue get the kind of attention it deserves.

Some of the community members have been stating that it was like a full-time job reporting the scams. The community is clear that accountability is important in the platform.  Some of them recollected on how in one of the scams Brad was giving away 10s of millions XRP the other day on the ad that they say was shown for nearly 30+ times in a single day.

Sydney Ifergan, the crypto expert, tweeted:  “Good about Ripple (XRP) and Brad Garlinghouse to have taken a stand up and steps forward to deal with Imposter scams.  I have personally had a hard time differentiating scams. They are too well planned to be called fake – Dangerous when not questioned.”

Ripple (XRP) Enough Is Enough Time with Imposters and Scammers

While Ripple (XRP) has been trying incredibly hard to change the way in which global money flows, it is indeed annoying to have to deal with impersonators and scammers.  Accountable and Brave reaction from Ripple, and this is a sign they are traveling in the correct path.

With the scams being dealt on a regular tone, the community is expecting that XRP will be the blood of the new payment system, which will transport value in the world.  Many of them are regretting for not having bought enough XRP before.

Liquidity is the life of Ripple.  Breanne Madigan, VP of Ripple, stated, “The continued growth of ODL has led to an expanding number of financial institutions, payment providers, and market-makers to trade in XRP. The resulting increase in institutional trading volume has helped to bring further liquidity to XRP, specifically in ODL corridors – despite the recent market turbulence surrounding the COVID pandemic.”