Ripple’s Brad Garlinghouse Talks BTC Scalability and Energy Issues to Promote XRP Ledger Benefits
Ripple CEO Brad Garlinghouse Says XRP a Digital Asset and BTC Won’t Replace Fiat Any Time
Recently, Brad Garlinghouse the CEO of Ripple, the software company spoke at the Stanford Legal podcast. As it has been the case, the audience was keen to hear about the most recent development within Ripple and XRP communities and of course on matters technology. They were not disappointed.
After announcing their divorce in Q2 2018, Brad Garlinghouse has been on the fore front talking about the distinction between these two independent entities and he was quick to reiterate once more.
Perhaps it’s because of the SEC assertions and their indecision to back or condemn XRP as a security or a safety net against complainants seeking redress for the losses they suffered after claiming Ripple falsely marketed XRP as a security. To emphasis their position, he told the audience that XRP is an open source and decentralized outfit created by Ripple Labs. Ripple on the other hand happens to own a large percentage of XRP but they have been on a decentralization course in recent weeks.
Aside, Brad talked about how some of their team members foresaw problems at Bitcoin before moving on and averting the same on in Ripple. As seen from recent happening, scalability remains a problem and one of the main contributors preventing full adoption of cryptocurrencies as value movers as XRP. In his own forecast,
Brad Garlinghouse said mass adoption of BTC or XRP “won’t happen anytime soon” and that their solutions must be first be “superior” to cash which he thinks performs extra ordinarily well in day to day transactions. He considers XRP a digital asset and a pragmatic human distinction that set it apart from mainstream payment solutions dominated by government backed fiat currencies.
It’s along this vein that he consider most crypto solutions are based on these digital assets and that Ripple is creating an innovative and cheap cross border payment solution through which users can safely move value. Brad said:
“Ripple is using digital assets to solve a cross-border payments problem. If you’re sending money across oceans across networks it ends up being really slow and really expensive.”