Brad Garlinghouse, Chief Executive Officer at Ripple, the leading crypto solutions company and cross-border payment services provider, drops a hot take on crypto utility, and macroeconomic factors affecting cryptocurrency.
According to Garlinghouse, the nascent crypto industry will be stronger if blockchain projects stay transparent and credible. The Ripple CEO who stated this at the 6th Annual RippleSwell Crypto Summit in London also highlighted the key achievements and partnerships scored by Ripple of late.
Ripple Leads in Building Trust and Transparency
The increasing count of imploded crypto projects including FTX and Terra LUNA has reduced the trust placed in the digital assets industry. According to Brad Garlinghouse, the transparency and trust factor are critical to the growth of the blockchain and crypto space.
To this end, Garlinghouse remarked while on stage with Karen Tso, the CNBC Europe Anchor that regarding trust and transparency, Ripple leads and will continue to prioritize these key factors.
“As I said on stage – I firmly believe that crypto will be stronger because of this if we keep focusing on transparency and trust. Ripple has and will continue to lead in this regard,” Brad Garlinghouse wrote in a Thursday thread.
As I said on stage – I firmly believe that crypto will be stronger because of this if we keep focusing on transparency and trust. Ripple has and will continue to lead in this regard.
— Brad Garlinghouse (@bgarlinghouse) November 16, 2022
Going further, the Ripple Chief stressed the need to put forward real-world solutions using crypto and blockchain technology. In doing so, he said the industry would expand and gain even more adoption.
“With all that’s happening in the past few weeks (and over the course of this year’s ups and downs), it feels even more imperative that we’ve gathered together in person to have honest conversations about solving real-world problems with crypto and blockchain,” he said.
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Ripple Expands its Solution
It is worth noting Ripple, dubbed the crypto solutions company, is among the enterprises that leverage blockchain technology to solve real-world problems. Particularly, Ripple allows customers to seamlessly execute cross-border payments through its RippleNet technology and On-Demand Liquidity (ODL) services.
Notably, Ripple has made significant progress in the cross-border payment sector. As revealed by Brad Garlinghouse, Ripple has processed $30 billion in both fiat and crypto payments on RippleNet.
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Also, he mentioned that about 40 payout markets are live for On-Demand Liquidity which represents 90% of foreign exchange markets. In mid-November, Ripple partnered with MFS Africa, a leading digital payments gateway to bring its ODL services to the African continent.
“Despite some headwinds, I’m immensely proud of the Ripple team who day in and day out focus on helping our customers move value around the world – whether remittances, individual payments, bulk funding, treasury management and more,” Garlinghouse said.
Despite some headwinds, I’m immensely proud of the @Ripple team who day in and day out focus on helping our customers move value around the world – whether remittances, individual payments, bulk funding, treasury management and more. #CryptoMeansBusiness
— Brad Garlinghouse (@bgarlinghouse) November 16, 2022
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