Brad Garlinghouse, the CEO of Ripple, a cross-border payment firm based in San Francisco, has recently revealed that the company plans to consider acquiring other crypto projects in the future.
In a recent interview with CNBC, Garlinghouse stated that Ripple has a very strong balance sheet and that it’s currently at the stage where there will be more acquisitions.
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The CEO is also of the opinion that there will be a sharp increase in mergers and acquisitions across the crypto industry.
Brad Garlinghouse noted:
“I would say there’s a lot of growth in crypto, and we are looking at a lot of different segments in crypto for growth. Some of that, obviously, we will build internally – the carbon credit initiative is something we’ve kicked off internally – but we’ve invested in over 30 or 40 companies around the crypto ecosystem, and we’ll continue to look at opportunities to grow through external acquisitions also.
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“I think there’ll be an uptick in mergers and acquisitions in the blockchain and crypto space. We haven’t seen that yet. But I think that’s likely in the future. And I certainly think as that unfolds, we would consider things like that.”
Garlinghouse also disclosed that Initial Public Offering (IPO) is on Ripple’s Radar. According to the CEO, the fintech is evaluating the possibility of going public once the ongoing lawsuit with the United States Securities and Exchange Commission (SEC) is brought to an end.
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