Facebook’s Libra has been triggering intense excitement, debate, and controversy in the crypto space and also outside. It’s been said that the coin is to “blame” for the current BTC rally and more.
As you know by now, BTC managed to surpass the psychological level of $10k, and from here, things are looking much brighter for the whole crypto space.
Ripple and Libra
Now, Ripple CEO Brad Garlinghouse says that he owes a lot of gratitude to Facebook’s head of Blockchain David Marcus.
The Daily Hodl reported that during Fortune’s Brainstorm Finance conference in New York, Garlinghouse said Ripple is on pace for a record week after the announcement of Facebook’s digital asset Libra.
“I’m going to send a case of champagne to David Marcus, the guy who runs Libra. The reason is, this week will probably be the best week of signed contracts at Ripple ever. It has been a massive call to action because Facebook kind of came out and said we don’t need Western Union anymore.”
He continued and said, “And I think the banks realize that if Facebook is going to be a competitor in this space, they can’t depend upon a technology like Swift to compete in the marketplace.”
MoneyGram partnership
Garlinghouse also addressed the partnership of Ripple with MoneyGram and he said that this is an example of a strong need for solutions like the XRP-based cross-border payment product xRapid which MoneyGram CEO called dynamic.
Regarding this huge partnership, Garlinghouse told Bloomberg TV that it would help Ripple revolutionize the cross-border payments industry.
“The deal is a big step for Ripple, but I think it’s even a bigger step for the overall industry,” he said.
Also, it’s important to mention that MoneyGram’s CEO is more than bullish on the future of crypto and the blockchain technology.
