Brad Garlinghouse, CEO of blockchain-based payments giant Ripple, made a statement showing that he completely denied an article published by the Financial Times . In the related article, it was emphasized that Ripple will focus on additional blockchain-based uses from now on and “write code instead of writing checks”. Garlinghouse made a long and harsh statement on this matter.
In the relevant article, the Financial Times stated that Ripple will now focus on producing tools that will help developers to develop more blockchain applications. Ripple ‘s cross-border payments and remittance sector would instead concentrate on application development sector representing text, Ripple CEO denied by Brad Garlinghous to.
Ripple Does Not Change Method
1/ My fav skeptics are active today! (@FT @nathanielpopper) Ripple has absolutely no plans to ‘reset’ our strategy. Using XRP to solve a real-world, $10T problem, like cross-border payments, is working (1/4) https://t.co/Gkf70dq7G6
— Brad Garlinghouse (@bgarlinghouse) August 13, 2020
In a statement released on his Twitter account, Garlinghouse stated that Ripple does not aim to “reset” its strategy and will continue to move forward to solve the $ 10 trillion payment industry problem.
Garlinghouse stated that since its launch, ODL (On-Demand-Liquidity), one of Ripple’s most popular products, has made $ 2 billion in transactions. This shows that Ripple has already taken a serious place in the payment industry.
Expressing that they have mediated more than 7 billion dollars in total over the last 3 years on Ripplenet, the CEO also implied that they will continue on this path until the global payment problem is solved and the sector is digitized. XRP is on the rise again after this announcement and is trading at $ 0.30 as of press time.
