Ripple CEO Brad Garlinghouse Denies Giving Madonna or Any Celebrities Funds

Ripple’s CEO Brad Garlinghouse Denies Giving Celebrities Money

CEO of Ripple, Brad Garlinghouse, has made some revelations about Ripple Lab at the TechCrunch Disrupt conference in San Fransisco, answering questions on the state and future of Ripple, Satoshi vision, XRP and SEC, and the “Queen of Pop”, Madonna with Michael Arrington, Partner at Arrington XRP Capital, and host, Mike Butcher.

Mike said Ripple has been trying to convince people and banks to adopt XRP, saying that Ripple was trying to promote XRP by using celebrities.

Mike said:

“You’re getting Madonna to talk about XRP, you’re getting Ashton Kutcher to talk about it. I mean, these aren’t necessarily the people who stayed Bankers normally listen to it.”

During the conversation Michael Arrington interrupted, saying: “Did you have to pay Madonna? I don’t know about.”

Meanwhile, Brad made known that Ripple has been up and doing especially when it comes to supporting good cause, adding that Madonna was not paid but the philanthropic ideas pushed by him was supported monetary-wise.

Michael Arrington was then questioned on how Ashton Kutcher was involved.

He replied: “he [Ashton Kutcher] and Madonna are friends,” and he’s been supporting the idea He also made known that the firm supported DonorsChoose.

He said:

“Ripple has been very proactive as a company. Both its leadership team as well as the company in being philanthropic. We have supported, we gave 29 million dollars to DonorsChoose which funded every… brother if you don’t know DonorsChoose, it is one of the most incredible organizations I’ve ever seen.”

According to Mike, Ripple has the advantage to spend the leftover cryptocurrency available from when the company mined it.

However, Brad interrupted saying Ripple does give back to the society. Arrington then said Google did not support DonorsChoose.

He also declared:

“..That these projects that come out and raise a lot of money in some cases, billions of dollars.., they don’t need that much money. And so, I always think it’s odd. And, I think that if you look back at the history of Silicon Valley, there are, as far as I know, zero examples of companies that have raised massive amounts of funding before they launch a product and being successful.”

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