Ripple CEO Brad Garlinghouse again made very talkative statements about XRP. According to Brad Garlinghouse, Ripple has no plans to reset its XRP strategy.
Brad Garlinghouse: Ripple has no plans to reset its XRP strategy!
Ripple CEO Brad Garlinghouse recently cited criticism surrounding XRP, the third largest cryptocurrency affiliated with the company. According to Brad Garlinghouse, XRP is a cryptocurrency that solves a $ 10 trillion problem – cross-border payments. Ripple’s CEO stressed that his company has “absolutely no plans” to change its strategy on XRP. Brad Garlinghouse adds to his comments on the subject:
RIPPLE HAS ABSOLUTELY NO PLANS TO ‘RESET’ OUR STRATEGY. IN THE REAL WORLD, USING XRP TO SOLVE A $ 10 TRILLION PROBLEM LIKE CROSS-BORDER PAYMENTS WORKS.
On August 12, one of the most popular newspapers, Finance Times, published an article about Ripple resetting its business and how it would become the “Amazon of crypto” without a product like XRP. XRP has not been able to gain strength with the banks. For example, Spanish banking giant Santander does not want to use XRP for international payments, despite using Ripple’s software.
Nathaniel Popper: Ripple CEO misleads XRP investors!
Remittance giant MoneyGram receives millions of dollars from Ripple to use the controversial cryptocurrency. Nathaniel Popper, a tech reporter for The New York Times, accuses Brad Garlinghouse of misleading investors with enthusiastic promises about banks using XRP. This is why Brad Garlinghouse’s approach to the XRP market has been highly criticized. Nathaniel Popper adds to his comments on the subject:
INVESTORS INVESTED IN XRP THE DAY BRAD GARLINGHOUSE MENTIONED BANKS PLANNING TO USE XRP AND WOULD HAVE LOST ABOUT 90% OF THEIR INVESTMENT IF THEY HAD KEPT IT TO DATE.
In response to critics, Brad Garlinghouse shared data on Ripple’s On-Demand Liquidity (ODL) product, which uses XRP as a bridge currency to make cross-border payments in seconds. The transaction volume of the product has exceeded $ 2 billion since its inception, an 11-fold increase year on year.
Nathaniel Popper: XRP dropped 90 percent, the only reason Ripple remained profitable!
However, Nathaniel Popper does not appear to be impressed by the statistics Brad Garlinghouse shared , pointing to a 90 percent drop in XRP , the only reason Ripple remained profitable . Nathaniel Popper adds to his comments on the subject:
ALTHOUGH THE COMPANY’S PRIMARY SOURCE OF VALUE HAS DROPPED BY OVER 90% IN THE PAST TWO YEARS, THE RIPPLE CEO IS STILL A BELIEVER.
Ripple, the third largest cryptocurrency , is trading at $ 0.29, up 6 percent at the time of writing. The popular altcoin currently has a market cap of $ 13.3 billion.