- Brad Garlinghouse, the CEO of Ripple, Inc., sat down in an interview with Julia Chatterley of CNN on the show “First Move” on 17 February 2020.
- The major questions that were posed to Garlinghouse were about the upcoming initial public offering (IPO).
- The CEO also threw his hat into the mix when he suggested a probability that Ripple might follow suit too, but it definitely won’t be the first to do so in 2020.
Brad Garlinghouse, the CEO of Ripple, Inc., sat down in an interview with Julia Chatterley of CNN on the show “First Move” on 17 February 2020. The highly anticipated interview was jam-packed with the topics of regulation, IPOs, and the global spread of cryptocurrency to enable cross-border transactions.
The major questions that were posed to Garlinghouse were about the upcoming initial public offering (IPO) that Ripple has allegedly been preparing and the recent Ripple price volatility.
The duo also spoke on Ripple’s On-Demand Liquidity (ODL) protocol that allows for instant transfer of XRP to local currencies from one end of a transaction to another directly using XRP on the RippleNet.
Garlinghouse stated that their current major focus is on building a strong infrastructure for cross-border payments, and once they’ve gotten that down, they hope to expand into other niches as well.
As for the purported IPO, Garlinghouse acknowledged that it was some kind of misunderstanding where he had been taken out of context when he said that 2020 was going to be the year when cryptocurrencies and blockchain technology will cater directly to the public through IPOs.
The CEO also threw his hat into the mix when he suggested a probability that Ripple might follow suit too, but it definitely won’t be the first to do so in 2020.
At the moment, the company is more focused on getting integrated into as many financial services as possible with partnerships with different companies, with an example being their recent investment with MoneyGram and international money transfer company.
Garlinghouse also stated that Ripple has enough funds kept aside to adjust and adapt to changing market situations and push their offering and community forward when the competition is held back.
Garlinghouse was also asked about crypto-supremacy, to which he responded, saying that he didn’t believe that the sector would get centralized in that manner. And that every cryptocurrency has a different utility and service offering for the customer that its hard to make an apples-to-apples comparison.
As the market keeps growing and developing, new innovative solutions will be implemented using different crypto assets, and the entire market will be shared rather than having one monopolistic entity.
Ripple’s administration clearly knows what they’re going for, and this shows very well with the cryptocurrency’s very positive trend in the market as of recently.
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