Brad Garlinghouse – CEO of Ripple, had a conversation with Julia Chatterley of CNN about the current status of Ripple, XRP and the company's plan for 2020. Garlinghouse has argued that within the next 5 years, Ripple wants to be into Amazon of the cryptocurrency industry.
Ripple grew in a bear market, other blockchain projects lagged behind
Brad Garlinghouse was interviewed by Julia Chatterley of CNN on the morning of February 17, and talked about Ripple's situation, as well as the company's future plans. The Ripple CEO said Ripple and XRP are currently doing very well, and he doesn't mind the token's short-term price action.
INTERVIEW PART I 👇🏼
“Once regulators understand you're not circumventing regulatory frameworks they get very comfortable very quickly,” @Ripple CEO @bgarlinghouse explains why he's on a mission to educate regulators around the world. pic.twitter.com/2PMVvj3PZU
– Julia Chatterley (@jchatterleyCNN) February 17, 2020
Garlinghouse sees its company from a much longer term perspective. He compared the fledgling cryptocurrency market at a valuation of several hundred billion dollars to markets like gold with a valuation of trillions of dollars.
Garlinghouse believes that Ripple's ecosystem will continue to grow and solve real problems for customers with projects like Coil, for micro payments. Garlinghouse stated that he doesn't see Bitcoin, Ethereum or other crypto projects as competitors, and that overall growth in space is good for everyone.
Ripple has grown and added 150 employees in the discount market, while many other projects witnessed major layoffs. Garlinghouse also mentioned Ripple's upcoming IPO, although he did not give a specific timeline.
“We added more than 150 employees last year, at a time when I thought other projects were less focused on solving real-world problems. There have been a lot of people getting laid off in the cryptocurrency community in the past weeks. ”
Ripple also plans to work with regulatory authorities to better understand the status of crypto. He wishes to see the United States become a leader in the cryptocurrency and blockchain industry, but that would not have happened without regulatory clarity.
He said the value of XRP is north of $ 10 billion, so the valuation of $ 10 billion for the Ripple IPO will provide opportunities for Ripple's shareholders. An IPO will give Ripple greater flexibility to pursue deals such as a $ 50 million investment in Moneygram, or Mexican exchange Bitso.
He also expressed the view that the central bank's digital currency (CBDC) is generally good for cryptocurrencies. He believes governments and central banks should consider blockchain technology and cryptocurrencies.
“When I stepped back and thought about it micro, I thought it was really healthy and constructive for the entire blockchain and cryptocurrency community to see central banks and central governments relying on What can this new technology do to make our economy more efficient, more efficient payment infrastructure … Overall, I think it's really positive. ”
Amazon of the cryptocurrency industry
Garlinghouse mentioned Amazon's miraculous growth, and how the e-commerce giant started as an online bookseller, before it created a pillar and dominated the e-commerce market. death. He envisioned a similar potential for Ripple, although he said that Ripple first needs to solve cross-border payment problems.
“I hope that in the next 5 years, we will not only sell books like Amazon, we are also Amazon.”
He said it is hard to imagine where the cryptocurrency market will be in 5 years, but he sees Ripple growing much bigger and providing real solutions for customers. Ripple has partnered with strategic companies SBI, Moneygram, IndusInd, and Saudi Arabia Bank, to expand the market and its influence in the international money transfer and payment industry.
Garlinghouse also didn't forget to reiterate that Ripple is open source and he was open to the idea of CBDCs launching on his blockchain. CBDC can take advantage of Ripple's technology for super efficient cross-border payments across various banking jurisdictions. It will be interesting to see if any central bank will respond to his call.
Maybe you are interested:
Join our channel to stay up to date on the most useful news and knowledge at:
According to Bitcoinist
Translated by ToiYeuBitcoin
- How to hide / show multiple sheets in Excel at once with Add ins – Knowledge sharing blog
- Binance will launch a new cryptocurrency exchange in South Korea this week
- Watch videos Facebook, Youtube with PIP mode on Edge Chromium – Knowledge sharing blog
- Hình ảnh xe ô tô Daewoo Lacetti CDX 2004 & nội ngoại thất
- Cryptocurrencies can be legalized in the US if this bill is passed