Ripple CEO: XRP Can Be Replaced With Another Alternative As A Contingency Plan
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Answer Ripple CEO: XRP Can Be Replaced With Another Alternative As A Contingency Plan
Brad Garlinghouse, CEO of Ripple, said: an interview With CNN’s Julia Chatterley that giving up XRP and replacing it with an alternative could certainly be part of the solutions to be considered in the US, when the reporter asked him about the contingency plan.
“I suspect # bitcoin It will not go away. This is certain. All #cryptocurrency The industry is not going anywhere.”Tweet embed Executive Director @ripple It talks about the unity of the industry, recognizes the environmental costs, and gives credit to # Ethereum. / Part 2 pic.twitter.com/6BLp5XfFQj
Read:The founder of the Crypto project was arrested and charged with tax evasion in the United States… Details here
– Julia Chatterley (@jchatterleyCNN) April 1, 2021
Quoting Brad Garlinghouse:
Replacing XRP with another alternative that certainly could be part of the solution.
I think there is a certain oddity that XRP is a security currency while Bitcoin and Ethereum are not.
Ripple and the lawsuit:
The US Securities and Exchange Commission has sued Ripple, Brad Garlinghouse and Ripple co-founder Chris Larsen over unregistered XRP sales.
Garlinghouse refused to publicly discuss some of the poor claims that he received $150 million in XRP sales, only commenting:
I really look forward to the facts that will come out in court.
You know, that’s something I haven’t commented on publicly because the wheels of justice move rather slowly.
It is important to get out the facts.
We heard one side of the story from the Securities and Exchange Commission.
Garlinghouse insists that he and Ripple are more transparent than any other person or entity in the cryptocurrency industry.
Ripple is not threatened by decentralized finance projects “DeFi”:
The CEO of Ripple does not believe that Ripple is threatened by stablecoins and the DeFi sector because Ripple’s focus is towards tackling the cross-border payment issue.
Read:A Crypto Futures Trader Makes $2.6 Million in One Day
Recently, Ripple introduced a special version of the “XRP Ledger” to central banks.
Garlinghouse is convinced that Bitcoin will not disappear, and so is the cryptocurrency industry, which he told is here to stay and not going anywhere else.
Garlinghouse also reiterated his concerns about excessive energy consumption by Bitcoin, stating that XRP is more efficient both in terms of not consuming resources and in terms of processing transactions.
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Ripple wants to keep these documents out of the public eye
Morgan Stanley submits a request to the SEC to approve bitcoin investment funds
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