Ripple CEO Presents Case for XRP Before IMF and Swiss National Bank

A previously recorded video of Ripple CEO Brad Garlinghouse speaking at an event involving the International Monetary Fund (IMF) and the Swiss National Bank has resurfaced online.

Edward Farina, CEO of Alpha Lions Academy, shared the clip on X, stating that Garlinghouse “DESTROYS Bitcoin” while presenting XRP’s capabilities.

In his remarks, Garlinghouse emphasized the fundamental differences between Bitcoin and XRP, particularly in terms of speed and cost. He explained that XRP was created by engineers who identified Bitcoin’s scalability challenges.

According to Garlinghouse, Bitcoin transactions are slow and expensive, while XRP transactions are significantly more efficient. He stated that XRP is “about a thousand times faster per transaction and a thousand times cheaper per transaction.”

Garlinghouse also addressed the issue of pre-funding in cross-border payments. He explained that the current system requires financial institutions to maintain capital reserves in different countries to facilitate international transactions. He argued that using digital assets like XRP could eliminate this requirement by enabling global liquidity on demand.

XRP’s Role in Global Payments

The Ripple CEO outlined his company’s long-term vision for payments, comparing blockchain technology to the foundational technologies of the internet. He noted that just as TCP/IP and HTTP enabled the transfer of information across the web, blockchain networks could facilitate the seamless exchange of value. According to Garlinghouse, this transformation would create an “internet of value” where payments can move as efficiently as data.

He pointed out that traditional correspondent banking has left certain countries and payment corridors underserved. He argued that digital assets like XRP could democratize access to liquidity, creating a more inclusive financial system. He also highlighted real-world use cases, such as freelancers in emerging markets who struggle to receive small international payments due to high fees and banking restrictions.

Social Media Reactions

Edward Farina’s post on X received responses from users who supported Garlinghouse’s perspective on XRP. Hazy Days stated that Bitcoin is a distraction from the real disruption in financial services and suggested it would eventually be exposed.

BNextLevel agreed with Garlinghouse’s assessment, emphasizing that while Bitcoin paved the way, XRP was designed for real-world utility with greater speed, lower costs, and better scalability. They noted that long-term success would depend on functionality rather than being the first to market.

Garlinghouse’s remarks in the resurfaced video reflect Ripple’s long-standing strategy of positioning XRP as a practical solution for global payments. The event at which he spoke, featuring institutions like the IMF and the Swiss National Bank, underscores the ongoing discussions about digital assets in mainstream finance.

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