The ‘Amazon of Blockchain’ Will Take Off in the Next 2 Years: Ripple SVP Tells Zuckerberg
While Ripple CEO Brad Garlinghouse is talking about the wellbeing of the team being the company's highest priority as such transitioning to remote work and the “unprecedented new reality,” Asheesh Birla, SVP of Product and Corporate Development at Ripple shared with Randi Zuckerberg that Ripple would be taking off in the next 2 years. She tweeted,
— Randi Zuckerberg (@randizuckerberg) March 18, 2020
Zuckerberg had Birla, the former Vice President of Global Technology at Thomson Reuters on her show as a guest where he shared how the fintech startup is “revolutionizing” the way payment moves by using a digital asset, XRP to move money fast and at cheaper costs effectively across borders.
Ripple is basically “frictionless motion,” in making payments more effective that people don’t even know when using their iPhones and IP technology. “I'm excited that we're seeing real world adoption and that the technology is really improving,” said Birla.
Ripple: “Amazon of Blockchain”
It was in 2013 that Birla joined Ripple, a year after it was co-founded by Chris Larsen and Jed McCaleb, who has also co-founded another cryptocurrency, Stellar, focused on payments.
“I made a smart decision to join a startup that was involved in the internet wave right out of college. I loved being involved in something that was creating something out of nothing and then Blockchain made me feel the same way.”
As for Ripple, he said, he has “found the Amazon of Blockchain with Ripple,” whose mission was to “efficiently and safely move money as quickly as information moves today.”
As other Ripple executives have repeatedly emphasized, Birla also stressed that the market needs those “solving real problems with blockchain.” One just needs to identify how their product is better by using the blockchain, a distributed ledger technology underpinning the cryptocurrencies, and “really focus on that.”
And the point of using blockchain is to remove the intermediary, either banks or other financial institutions, he said.