The CEO of Ripple confirmed his company’s intention to become a public joint stock company after settling the lawsuit filed against the company by the Securities and Exchange Commission (SEC).

In another interview, Brad Garlinghouse stated that Ripple is a zero inflation coin, unlike Bitcoin and Ethereum.

Ripple CEO confirms: Ripple company will be offered for public subscription

during talking At the “Consensus 2021” conference on Wednesday, Ripple CEO Brad Garlinghouse said the company first looked at options for how to go public in early 2020.

However, the SEC’s allegations that it conducted an unregistered security offering later this year put the company’s plans on hold.

Read:El Salvador Creates New $150 Million Bitcoin Fund…Here’s How To Use It

However, Garlinghouse emphasized that Ripple still intends to go down this path once the lawsuit with the Securities and Exchange Commission is closed.

So far, the blockchain-based company has scored some minor victories as the court has ordered the FCA to file documents on Bitcoin and Ethereum and also banned the FCA from accessing the personal financial information of Ripple executives.

Garlinghouse commented:

The probability of Ripple being a public company is very high at some point

But he admitted that being in the middle of a lawsuit with the SEC is a major hurdle.

XRP is not inflationary unlike BTC and ETH!

During an interview Another, this time with CNBC, Garlinghouse commented on Ripple’s inclusion in the top 50 list, saying:

The cryptocurrency XRP has many important benefits similar to Ethereum and Bitcoin.

For example, Garlinghouse notes that XRP transfers are cheaper and faster.

He also touched on the growing concerns about Bitcoin’s carbon footprint and noted that there is no such issue with XRP.

Additionally, the CEO of Ripple said:

Read:Report: Binance plans to expand into Russia and its neighboring countries

All XRP ever created has already been mined, so the coin has zero inflation.

He admitted that XRP has a large aggregate supply, but its consensus algorithm prevents him from creating more coins.

At the same time, the maximum supply of bitcoin is 21 million, but not all of them have been mined yet.

Even though inflation halves every four years after the halving, new digital currencies are still being created.

Ethereum works somewhat similarly but does not have a limited supply at a certain number.

Read also:

Billionaire Ray Dalio Reveals He Owns Bitcoin And He Believes The Biggest Risk To Bitcoin Is His Success

Elon Musk: I talked to North American Bitcoin miners about sustainability!