Chris Larsen, the co-founder of Ripple, spoke with Cheddar about Ripple's current status. He also talked about the "competition" that Ripple is facing and their progress towards the signature of the banks.
Larsen said it was good for companies to focus on solving cross-border payment problems, as they did for 4 years. He stated that this area would have the greatest impact and that it was the "killer app" for the entire blockchain movement. He went on to say:
"We've been there longer than anyone else, what matters are the corridors you have, the number of partners, we have hundreds of banks, payment providers, remittance companies. experimentation, but in full production mode. "
Speaking of regulatory environments around the world, Larsen said he saw" a great deal "in areas such as Southeast Asia, Japan and Korea. He also spoke of Ripple's movements in the Middle East, as they were signing "almost a" collaboration every week. He also mentioned countries like India and talked about how Europe is moving forward. He went on to say:
"We are seeing the world light up, the United States is obviously very important in that dollar clearing We feel great about the progress we have made with American Express, we have some other partners we are really excited about . "
Many investors and fans of cryptocurrencies have been opposed to the lack of regulatory clarity given to cryptocurrencies. However, Larsen stated that it was the "best FinTech environment" in the history of the country. He said:
"This administration gets FinTech technology and innovation as important as support for the big, and the guys and fintechs can actually work together to accelerate progress and we are very confident about the US regulatory system under I think the regulators are taking a weighted approach. "
On the fact that XRP would return in price, Larsen talked about what gives a digital asset value. According to him, the good must be at the service of an "effective use case", apart from which it would be only a speculation. He stated:
"In the long run it will be a combination of deep liquidity market makers.More importantly, it must have a use case.The case of use of XRP Ledger and XRP l & # 39; Digital asset is actually around initially reducing the cost of liquidity for cross-border payments.
However, he gave a clear answer when he stated:
"In the long run, we think it is clear that the winner of this race is another digital asset for the world for all use cases. It's a long-term game. You can not simply be a store of value for the sake of being a store of value, in fact you have to have a use case. "
He was also asked for information on the centralization of the Led XRP register on Ripple, and he rejected the idea from scratch, stating that it was" fake ", and that opponents should look at the facts. that 7% of the validators on the network were managed by Ripple and that the XRP register would work even if Ripple did not exist tomorrow.It said:
"Some might object even more since the proof of work leads to greater centralization as it is seen with Bitmain and China. Consensus systems are becoming more and more decentralized. See a lot of nonsense and FUD out there looks at the facts and I think it's pretty clear. "