Ripple CEO Addresses The Latest Crypto Trends
Ripple has been making headlines a lot this year, and XRP was also in the news due to increased adoption.
Ripple was in the news recently after it was revealed that the San Francisco-based company just announced that they have over 300 clients who are using the cross-border tech in order to move money across borders.
It’s been reported that during this year’s Swell 2019 conference in Singapore, the company marks the one-year mark of its XRP-based cross-border payment solution xRapid aka On-Demand Liquidity (ODL).
Brad Gralinghouse talks about XRP’s 2019 performance
Now, during a new interview, Ripple CEO Brad Garlinghouse offered his opinion on XRP’s performance in 2019.
The coin has not been surging this year while Bitcoin and the rest of the digital assets have been mostly in the green.
Ripple CEO is more focused on XRP’s trajectory in the long run
When he was asked what he thinks about investors’ concern about the XRP’s sell-off this year, Garlinghouse told Bloomberg that he’s more focused on the long run.
“We pay attention over the long haul. I tell the employees that I don’t think about it on a three days, three weeks, or three months [basis]. Taking advantage of what digital assets can do to make transactions more efficient, I think, is a journey we’ll be on for a decade or two,” he said as reported by the online publication the Daily Hodl.
He continued and said that “I describe it as a marathon, and we’re on mile two. So I don’t think about the price of XRP in the short term.”
Garlinghouse said that he believes that if they can enable XRP to be the most efficient, “measured by the speed of a transaction and cost of a transaction, more and more people will use it. I think there’s going to continue to be volatility in crypto broadly.”
He also addressed the controversial Libra subject.
Garlinghouse is both the CEO and Chairman of Ripple Labs. This year, Ripple surpassed 300 partners, including over 115 banks worldwide. Having launched On-Demand Liquidity (ODL) for cross-border payments, Ripple now has more than 20 partners using XRP for ODL, including Moneygram, Western Union, and American Express.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.