The cryptocurrency market has been steady in its march towards mainstream adoption recently, with several crypto-companies and its officials who have recently created partnerships with established institutions. Ripple was an example of cryptocurrency organizations that have allied with banks and other financial institutions.
In a recent interview, Brad Garlinghouse, Chief Executive Officer [CEO] of Ripple, he spoke of the company's association with other parts in space and the reasons why XRP will be a useful asset. The Ripple official said that the long-term growth of XRP will be assessed by the problems it solves, something that users are clamoring for.
Garlinghouse went on to say that XRP solves real problems, just like the way Ripple aims to provide seamless cross-border transactions. He went on to say that the cryptocurrency market is still in its early stages and that the number of speculations in which it is involved is only due to its rate of interruption. The CEO stated:
"Yes, there's a lot of speculation and clamor about Ripple and the cryptic community as a whole. What we have to do now is separate the two from each other and focus on the expansion of the cases. of the use of the real world ".
According to Garlinghouse, more and more companies are entering the cryptocurrency ecosystem because of how many processes change for the better. He added that XRP's services are "1,000 times faster than Bitcoin [BTC] and 1,000 times cheaper than Bitcoin. "The tech honcho also revealed that 2018 was a huge year for Ripple, with the company having two or three banks close each week.
Brad Garlinghouse went on to say that financial regulators must make clear decisions as it will have a lasting impact on the cryptocurrency sector. He said that the launch of Bakkt by ICE, the parent company of the New York Stock Exchange, is a good sign that the industry is moving in the right direction. He said:
"With regulators like Fidelity and Bakkt entering the space, regulators must create an investment atmosphere with certainty and clarity, which will enable rapid growth worldwide."
Subscribe to the AMBCrypto newsletter