Ripple is once again in the public eye. However, this time the reason is much more serious than its “ultra-fast transfer infrastructure”. On April 4, Catherine Austin Fitts, president of Solari Inc. and former head of the Bush administration, shared in an interview that the U.S. Navy planned to use the Ripple blockchain.
As reports surfaced, the Navy had hired a Danish tech company about a year ago to develop an Ripple-compatible implantable microchip. In an interview with Greg Hunter, Catherine said she had access to data that can confirm the hiring of the Danish firm. As the excitement in the Ripple community soars, the entire crypto community plays the guessing game.
Who could be Danish technology?
According to the Altcoin Buzz team, there is a good chance that the company will be BiChip. And even Kevin Cage agrees.
This Danish company is probably Bichip. afaik they planned to make their own play too. I do not know if they are still active.
– Altcoin Buzz (@Altcoinbuzzio) April 6, 2020
By the way, BiChip is a Danish technology company with expertise in the creation of human and animal biochips. In addition, the company has successfully developed blockchain microchips that can be implanted in the human body. The advantage of this chip is that it allows people to keep their crypto wallet under their skin.
BiChip had earlier announced the implementation of Ripple payment systems in its product. And this is something that makes us believe that the US Navy must have partnered with BiChip to complete the implementation.
Announcement: the Bichip Microchip implant is being implemented #Ripple Payment systems in the product. This means that microchip owners will no longer need to connect their microchip to their bank accounts. #blockchain #xrp #Ripple # Cryptocurrency pic.twitter.com/jL8pZwlVwy
– BiChip (@bichipdk) January 6, 2018
This idea gained ground because in October 2019, BiChip announced that the sale of the chip would be limited only to governments and wholesalers. And no private or amateur user could buy the chip after its November event.
Nevertheless, there seems to be a twist in the history of BiChip.
But BiChip is in trouble
According to Lassos Solutions, the free and open source enterprise data provider, Fuglebjerg Miljø ApS (formerly Bichip ApS) filed for bankruptcy in November 2019.
This brings us back to square one. If BiChip has filed for bankruptcy, who could be the possible Danish tech company?
When blogger Tiffany Hayden attempted to dig deeper into the BiChip and US Navy association, she was threatened and blocked by the company.
I posted links as I found them. If there is something you want to refute, the floor is yours @bichipdk.
People have been asking questions for 2 consecutive days.
Have you filed for bankruptcy? $ XRP pic.twitter.com/TMJK8uj90V
– Tiffany Hayden🧢 (@haydentiff) April 7, 2020
No reason for the XRP pump
Despite the favorable feelings in the general community, the news of the Ripple connection did little to send XRP to the moon. The reason is simple. Whatever BiChip does, it would only use the Ripple blockchain, not XRP.
In fact, the company has its own stablecoin, built on the ERC-20 standard, and is called BCHI. Although the token is listed on CoinMarketCap, it is presented as a “list not followed”.
The story of Ripple’s courtroom
Previously, we covered Ripple in court for making an endless initial coin offer (ICO) and for selling unregistered titles.