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Fortune Named Ripple as One of Best Medium Places to Work

UTC by Darya Rudz · 3 min read
Fortune Named Ripple as One of Best Medium Places to Work
Photo: Ripple / Twitter

This year, the best medium workplace is Big Ass Fans, an American company that manufactures fans, lights, and controls for industrial, agricultural, commercial, and residential use.

Fortune journal has released the list of the best medium workplaces for 2022. It turned out that blockchain company Ripple has taken 34th position in the list, which is one spot lower in comparison with Fortune last year’s survey.

Being one of the leading providers of crypto solutions for businesses, Ripple is currently the only enterprise blockchain company with products in commercial use. Founded in 2012, Ripple serves over 300 customers across more than 40 countries and 6 continents. With headquarters in San Francisco, CA, the company has a total of 575 employees around the world.

Employees at Ripple say:

“We have an amazing work environment, and very friendly people working for our company. I don’t think there is any company in the world that has Ripple ethics, I am very proud to be part of this great organization. Our wonderful leaders made Ripple the best place to work for!”

To determine the best medium places to work for, Fortune has joined forces with global data analytics and consulting firm Great Place to Work. This year, the best medium workplace is Big Ass Fans, an American company that manufactures fans, lights, and controls for industrial, agricultural, commercial, and residential use. It is followed by Jobot, California-based staffing and recruiting company, and Greenhouse, the leading recruitment software company.

Among the top ten medium-size companies to work for are also Lattice, Braze, Bitwise Industries, Fivetran, PeopleTec Inc, Gem, and Arctic Wolf.

Ripple and SEC Battle

Notably, Ripple got on the list by Fortune despite its ongoing battle with the US Securities and Exchange Commission (SEC). Back in December 2020, the regulatory agency sued the blockchain company over illegal sales of unregistered securities. In particular, the SEC accuses the company and its executives, Brad Garlinghouse and Chris Larsen, of raising as much as $1.3 billion through the sale of XRP. Ripple and the executives themselves have denied all the allegations. The company has argued that XRP has traded and been used as a digital currency.

Ripple’s lawyers said:

“The SEC’s attempt to shield the identities and opinions of its experts from any public scrutiny is both unprecedented and unsupported by any evidence of need.”

In response to SEC’s accusations, Ripple’s lawyers have filed a petition that states the SEC is suppressing and coercing the company. Besides, Ripple has received massive support, as more than 70,000 XRP holders have joined the class-action lawsuit against the SEC.

Meanwhile, some believe that Ripple is unlikely to win in the battle. For example, US Congressman Brad Sherman believes Ripple doesn’t stand a chance against the regulator in the ongoing legal battle, alledging that XRP is a security.

Blockchain News, Business News, Cryptocurrency news, Editor's Choice, News
Darya Rudz
Author Darya Rudz

Darya is a crypto enthusiast who strongly believes in the future of blockchain. Being a hospitality professional, she is interested in finding the ways blockchain can change different industries and bring our life to a different level.

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