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- 1 Ripple CEO Brad Garlinghouse thinks that XRP will become as great as Bitcoin if things go right.
- 2 The payment company and XRP token together can do away with the financial system’s inherent flaws.
XRP has been among the most prominent and talked about crypto assets across the industry. It has seen its value rise tremendously in the past several years and is keeping up with the top cryptocurrencies. The recent win of Ripple against the SEC and court favoring the cryptocurrency ruling that “XRP is not a security” gave supporters a huge confidence boost.
However, the question still persists about the potential heights that XRP can achieve in the future. Ripple chief executive officer, Brad Garlinghouse, seems to have the answer to this question that might make the XRP community high-spirited.
In a largely shared interview video clip of Garlinghouse with Bloomberg, the CEO could be seen stating that XRP could become what Bitcoin (BTC) turned out in past years. The interview clip was shared by prominent community member, JackTheRippler on X (formerly Twitter).
For XRP to become the next Bitcoin, according to Ripple CEO, the payment protocol company would need to solve huge issues within the financial sector using the XRP token.
Ripple CEO Aspires Revolution in Global Finance
The statement from Garlinghouse reflects the company’s ambitious goal of revolutionizing the global financial system and positioning itself as a credible alternative to traditional systems like the SWIFT payment network. Should this vision be realized, there is anticipation that the token’s value could experience a substantial surge.
The utility of XRP is expected to reach unprecedented levels, driving demand and subsequently boosting its price. This underscores the potential for transformative shifts in the financial industry driven by innovative blockchain-based solutions and digital currencies.
Brad Garlinghouse highlighted that XRP has achieved remarkable success due to widespread recognition of its potential. Many individuals perceive XRP as having the capacity to become the next Bitcoin. This sentiment reflects the enthusiasm and optimism surrounding XRP, as investors and the crypto community see it as a cryptocurrency with the potential for significant growth and adoption.
Ripple and XRP: the Journey So Far
XRP’s growing acceptance can be attributed to the utility offered by Ripple and its RippleNet network, particularly for banks in countries such as China, South Korea, Vietnam, the Philippines, and Indonesia. These financial institutions leverage XRP-based remittance services to facilitate cross-border transactions across a vast network encompassing 40 different currencies and spanning over 70 countries.
Utility has made XRP a compelling choice for banks seeking efficient and cost-effective solutions for international money transfers, reinforcing its position as a valuable digital asset in the world of global finance.
Ripple and its suite of services are poised to experience increased adoption on a global scale. According to the company’s President, Monica Lang, the recent ruling by Judge Analisa Torres has effectively paved the way for Ripple to further expand its business on a global scale. This favorable legal outcome has provided Ripple the opportunity to pursue its growth ambitions and extend its reach in international markets.
The ruling has instilled confidence in Ripple’s ability to navigate regulatory challenges and continue offering its innovative solutions to a broader range of financial institutions and partners across the globe.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
