Brad Garlinghouse, CEO of Ripple, recently made some pretty bold claims. According to him, the new cryptocurrrency could take over Bitcoin in the future.
How exactly is Ripple going to do that? Garlinghouse went on to explain that they are currently working with banks and other institutions to “dramatically improve” the way money moves across the world. Ripple is both a transaction network and crypto token, XRP, the preferred cryptocurrency for banks and worldwide money transfers.
As it appears, Ripple is moving at full speed and it is expected to be the second biggest cryptocurrency in the world.
They have also made a recent announcement declaring that XRP “will be used on the top three money transfer sites,” Express reported.
In an interview with Fox News, Garlinghouse further shared:
“Ripple has really been very proactive in working with financial institutions, working with the banks, with the payment providers.
“We are working with three out of the five largest in the world. We will publicly make those announcements with those customers when they are ready.
“Having thoughtful regulation and working with Government’s we announced we are working for the Bank of England, as an example.
“We announced things we’ve done with the US fed and their faster payments taskforce.”
He also added:
“We are going to keep working with the system because I think the early days of bitcoin are all about down with government and down with banks.
“Government isn’t going away. Banks aren’t going away. Let’s work with the system to dramatically improve the way and reduce the friction for how money moves globally.”
By comparison, Bitcoin isn’t controlled by a single administrator and has been criticized for not working with financial institutions.
Jamie Dimon, chief executive of JPMorgan, bashed Bitcoin investors by calling them “stupid,” and saying they will pay the price for it soon.
Meanwhile, others believe Bitcoin is still “king of the hill”, claiming its price will go double by the end of 2018.
Funstrat Global Advisors co-founder Tom Lee said:
“There is a lot of concern about bitcoin being off its highs, I think it’s a really healthy consolidation.
“At the same time, I don’t think investors have fled the blockchain.
“The madcaps have almost tripled in the same time that bitcoin consolidated, so I think there is a very healthy rotation taking place.
“The use case of bitcoin hasn’t changed, it’s a store value. I think bitcoin still have bright prospects and it’s going to be at least $20,000 by the middle of this year and probably more than double by the end of the year.”
Cryptocurrency trader Jehan Chu likewise commented:
“I really think in 2018 not only will we see $50,000 price levels for bitcoin, but I think we’re going to be seeing cryptocurrency and blockchain technology from its adolescence.”
Watch this FOX interview with CEO Brad Garlinghouse:
Follow On Facebook
TikToker Shares How She Tricked Invaders Who Tried Opening The Hotel Door While She Was Alone
5-Year-Old Artist Already Getting Commissioned For Her Paintings
Hiker Discovers Creepy Alien-Like Creature That “Smells Like Rotting Flesh”
New York Store Is Selling ‘Wet Pants Denim’ For $75
Burglary Victim Writes Heartbreaking Note Begging Robber To Return Last Photos Dog
Meet The Gorgeous Actress Who Portrayed Zombie Queen In ‘Army Of The Dead’
Florida School Sparks Outrage After Editing 80 Female Students’ Photos To Cover Their Cleavage
McDonald’s Recruitment Poster Offers New Employees With Free iPhone After Working For 6 Months
Horrific Video Shows Lioness Attacking Circus Trainer In Russia
Taking 4,500 Steps A Day Could Help You Live Longer, Says Research
Man Iced Neighbor Who Repeatedly Asked Him “When Are You Getting Married?”
Do You Live in One of These 15 Countries With The Most Beautiful Women on Earth?
The Secret Meaning of Anklets And Why Some Wives Wear Them
Waking Up Between 3 to 5 AM Could Mean You’re Experiencing Spiritual Awakening
Divorced Man Wrote 20 Epic Marriage Advice He Wished He Could Have Had
Haunting Photos of Two Tourists Snapped Just Before They Mysteriously Disappeared
“Chastity Cages” is the Latest Thing for Men
Pork Fat Is Officially One of the World’s Most Nutritious Foods
Some Stranger Padlocked This Guy’s Earlobe And Ran Away With The Key
Three-Month-Old Baby Left Blind in One Eye After Family Friend Took His Picture
News8 months ago
Mexican Residents Tie Mayor To Tree After He Failed To Fulfill His Campaign Promise
Interesting8 months ago
Diver Coaxes Octopus To Trade His Plastic Cup For A Shell
OMG9 months ago
Chilling Footage Shows Guy Carrying His Tinder Date’s Corpse Inside A Suitcase
OMG8 months ago
Bride Asks Husband If She Can Hug Her Ex-BF “One Final Time” During Wedding