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According to Brad Garlinghouse, Ripple's CEO, Ripple actually provides a fundamental way for banks and financial institutions to use blockchain technology.
On March 15, 2018, he adds that this allows the use of cryptocurrency for institutional purposes. As there is a fundamental use, cryptocurrency will also increase in the future. In addition, there are many start-ups that, in the future, would like to use the ripple protocol in order to develop new solutions.
Application Development by Ripple:
Recently, the company announced that it was developing a ripple payment application that will facilitate transfers using the Ripple protocol.
Money Tap, as the application will be called will be unveiled at the end of this year.
The CEO of Ripple was over and over again trying to undo any rumors surrounding the ripple. He tried to induce positivity in Ripple. However, cryptocurrency seems to be steadily declining. This is the reason why investors are now worried about the existence or not of an underlying value.
According to the CEO of Ripple, since there are real applications of the Ripple protocol, this is not like other cryptocurrencies. It has a fundamental value. For this very reason, he advocates that in the future, the value of Ripple will also increase significantly. For now, however, most investors are worried that Ripple will continue to fall. Many investors have invested in the ripple at higher levels. It is already down about 70% from these higher levels. That's why investors are stranded.
With most cryptocurrencies appear to be recovering, it remains to be seen whether Ripple is able to break into the green territory or stagnate at current lower levels. For now, however, even the words of the CEO, do not pacify the cryptocurrency as she is still in negative territory and does not seem to recover much from the bottom that she has created.
Meet Ripple, the World's Most Convenient Financial Network
What are we, as a society, if we are not able to build strong relationships based on trust? That, and honor should be in front of every social interaction involving human beings, including financial transactions.
As the world moves towards a more digital way of doing cryptographically protected business, traditional banking platforms are being phased out. scope. Only those who are willing to adapt and include a more efficient payment system that is both faster and safer can maintain their business and survive.
Ripple Price Today
The Ripple platform represents one of these innovative systems. Although it exists since 2012, it still strongly supports banking and financial institutions in their quest to provide more efficient and faster transactions that can be built around the trust of customers towards each other and the network.
Ripple is a project based on small free software that pursues the development of a credit system based on the end-to-end paradigm. Each Ripple node operates as a local exchange system, so that the entire network forms a decentralized mutual bank.
In other words, the Ripple platform is a distributed social service based on the honor and trust of existing people. In this way, financial capital is based on social capital. A reduced version of the Ripple network would consist of an extension of the existing hierarchical banking system
Ripple: an exciting and feature-rich network
To understand Ripple's place in the cryptographic universe, we need to evaluate his contributions to the industry. In addition to being one of the most renowned digital tokens – even competing for second place in the market, behind Bitcoin, with options such as Dash, Litecoin and Ethereum – it's also the most One of the most efficient payment networks for finance. transactions on the planet.
Ripple technology is, in fact, better known for its digital payment protocol than for being a cryptocurrency. Since its inception by Chris Larsen and Jed McCaleb in 2012, it has flourished, reaching global recognition and market success via the digital piece, the XRP.
Ripple operates in a decentralized platform that promotes the transfer of money in all its forms. It is open source and peer to peer, and can work with multiple exchanges and currencies, physical or crypto, such as US Dollars, Yen, Litecoin and Bitcoin.
To work properly, Ripple implements the Gateway media, which serves as the link in the chain of trust between two parties who want to make a transaction. Gateway is the credit intermediary, responsible for receiving funds towards public addresses managed within the Ripple platform. In Ripple, anyone can sign up and open a gateway that allows this person to be the intermediary for currency exchange.
The XRP (Ripple) is the badociated cryptocurrency of the platform. It plays the role of a bridge currency for other chips without distinguishing between fiat and crypto, facilitating exchanges between different coins.
According to David Schwartz, chief cryptographer of Ripple, today 's payment systems are there 80s. Each provider built their system for their customers, and if people used different systems, they could not easily interact with each other. The purpose of Ripple is to allow the connection of different payment systems together
2012: Ripple is born
The original and intellectual writers of Ripple are Arthur Britto, David Schwartz and Ryan Fugger. They formed the company Ripple in 2012 and proposed the initial version. The latest version or version was released on February 20, 2018.
The project is written in C ++ code, under the GNU / Linux operating systems (RHEL, CentOS, Ubuntu), Windows and OS X. Ripple can be viewed as a network of gross settlement, foreign exchange and real time money transfer.
The first significant period of Ripple's expands from 2012 to 2013, involving OpenCoin and Ripple Labs. OpenCoin has begun the development phase of a new payment protocol, named Ripple Transaction Protocol (RTXP), with Fugger's ideas, primarily instant money transfer between two parties. At that time, the company had already created its digital currency, the XRP, in the same mold as Bitcoin.
Later, between 2014 and 2017, Ripple began to focus on the banking market, with Ripple Labs participating in related projects. . They experimented with an iPhone app that allowed users to send and receive transfers between them. Since 2013, the Ripple protocol has been adopted by many financial institutions to offer an alternative option to people.
The German bank Fidor was the first to use the Ripple network to authorize cross-border payments in the first half of 2014. US institutions Cross River Bank and CBW Bank quickly followed suit, and later Ripple began working with Earthport.
Success followed, and larger banking institutions, such as HSBC and Bank of America, used the Ripple protocol.
Ripple Bread and Butter: The Consensus Protocol
Bitcoin, along with other well-known crypto-currencies on the market, carries out its operations with the proof of work system. Others, like Nxt, use the evidence of the issue; but Ripple implements consensus protocol
The consensus protocol validates account balances and transactions in the network, improving overall integrity by avoiding double spending. The system will automatically remove malicious advances from morally suspicious persons seeking to send an agreement to multiple gateways.
In summary, the protocol consists of distributed nodes deciding by consensus of the hierarchical order of the transaction by a majority vote. One would think that they take a long time to complete. Well, five seconds is not much, is not it? Ripple is a decentralized platform because it does not involve any central governance or authority in any part of the process.
While the transactions are all made public in the consensus register, there is always anonymity because they can not be related. the ID or account of the persons concerned. All users or gateways have a database of each registered IOU
Discover the advantages of Ripple
The consensus ledger that the Ripple system implements is versatile and fast, with more and more banks and Financial institutions adopt as their preferred way of performing their business operations.
Ripple provides an improvement on the traditional way banks use to work. Transactions are completed, settled and recorded in seconds despite the significant traffic that the platform undergoes each day. This is a big improvement over the Bitcoin system, which takes an average of ten minutes to complete an operation.
Traditional banks and financial institutions can take days, even weeks, to make a bank transfer, and facing this delay will not cut it in our current financial reality. In addition to all this, transaction fees in Ripple are almost non-existent: the minimum is 0.00001 XRP. This is nothing if you compare it to the costs of a cross-border payment.
Ripple, the token
The Ripple network has an badociated cryptocurrency; the XRP, which has the power of liquidity by serving as a bridge between other means of payment, making the exchange more comfortable for all parties involved in a transaction.
Judging by data as recent as June 2017, the XRP was the third largest cryptocurrency with a market capitalization of $ 11.94 billion. The first is Bitcoin (BTC,) at $ 45.26 billion, and the second is Ethereum (ETH) at $ 31.53 billion.
Ripple Token info
52 weeks high : 3.3153
52 weeks low : 0.1500
Ripple market cap :
Volume of undulation :
Ripple Circ. Supply :
Max. Supply :
Although there are no central authorities controlling the price and behavior of Ripple on the market, the correct answer to the question seems to be no: the platform is not fully decentralized. That's not to say it's not successful, as world-renowned financial institutions such as Santander, Bank of America, UBS, American Express, RBC and Westpac, to name a few -unes, use it for their operations.
the technology does not allow any party or the network itself to control anything about transactions, whereas these banks and institutions, using the Ripple Distributed Ledger, may charge the specified transaction fees [19659002caseofEthereumandBitcoinThesearefullydecentralizedplatformssupportedbymillionsofminersallaroundtheplanetNopersonorentitycanhavecontroloverthemRippleadministeredbyRippleseesitsnodesmanipulatedandmanagedbythefinancialinstitutionsmentioned
There is a maximum number of Ripple tokens to distribute in the world at the time of its creation on the market. This number can not go higher, which means that there are no new XRPs created
Ripple and Bitcoin: Differences and Complementary Features
While many people in the industry claim that Bitcoin and Ripple are competitors, this may not be exactly the case. There are some differences, however: Bitcoin implements the proof of work system, which is a difficult (expensive, long) data to produce but easy to check for others. It must also meet a set of requirements. In the case of Bitcoin, it implements Hashcash's proof of work system
Ripple, meanwhile, uses the distributed ledger already explained, the "consensus", so that there are noticeable differences in the modus operandi. Ripple is owned and administered by OpenCoin and the Ripple Company, while Bitcoin is a decentralized system in which there are no central authorities.
Now, what would you say if we told you that Ripple's features could benefit Bitcoin users? Remember, Ripple is the best known and has achieved most of its international recognition, as a payment system or protocol.
Ripple can provide Bitcoin with more ways to connect with those who use other forms of currency. . In addition to this, Ripple is a distributed network and therefore does not depend on a single company to manage and secure the transaction database. As a result of this scenario, users do not have to wait for block confirmations.
Selena Larson of CNN Tech explains that Ripples (XRP) can not be created or "undermined" by users as happens with Bitcoin and other cryptocurrencies. Society has control of its destiny in this regard.
<img data-attachment-id = "8837" data-permalink = "https://smartereum.com/8835/jobs-blockchain-capital-vc- funds-with-xrp-investment-value-25 million / ripple-joint-blockchain-capital-vc-funds-with-xrp-investment-value-25-million-price / "data-orig-file =" https: //i2.wp.com/smartereum.com/ wp-content / uploads / 2018/04 / Ripple-joins-Blockchain-Capital-VC-Fund-with-XRP-Investment-Worth-25-Million-price.jpg? fit = 705% 2C232 & ssl = 1 "data- orig-size = "705,232" data-comments-open = "1" data-image-meta = "{" aperture ":" 0 "," credit ":" "," camera ":" "," caption ": "", "created_timestamp": "0", "copyright": "", "functional_length": "0", "iso": "0", "shutter_speed": "0", "title": "", " orientation ":" 1 "}" data-image-title = "Ripple Joins Blockchain Capital VC Fund With XRP Investment Of $ 25 Million" data-image-description = "
Ripple Joins at Blockchain Capital VC Fund with an invested XRP investment worth $ 25 million
"data-medium-file =" https://i2.wp.com/smartereum.com/wp-content/uploads/2018/04/Ripple-joins-Blockchain-Capital-VC-Fund-with-XRP-investment- worth-25-1000000-prix.jpg? fit = 300% 2C99 & ssl = 1 "data-large-file =" https://i2.wp.com/smartereum.com/wp-content/uploads/2018/04/Ripple -joins-Blockchain-Capital-VC -Funding-with-XRP-investment value-25-1000000-prix.jpg? fit = 696% 2C229 & ssl = 1 "clbad =" aligncenter full-size wp-image-8837 "src =" https://i2.wp.com/smartereum.com/wp-content/uploads/2018/04/ Ripple-joins-Blockchain-VC-Fund-Capital-with-XRP-investment-worth-25-million-price .jpg? Ripple Joins Blockchain Capital VC Fund with XRP Investment worth $ 25 Million //i2.wp.com /smartereum.com/wp-content/uploads/2018/04/Ripple-joins-Blockchain-Capital-VC-Fund-with-XRP-investment-worth-25-million-price.jpg? w = 705 & ssl = 1 705w, https://i2.wp.com/smartereum.com/wp-content/uploads/2018/04/Ripple-joins-Blockchain-Capital-VC-Fund-with-XRP-investment- worth -25-1000000-price.jpg? resize = 300% 2C99 & ssl = 1 300w "sizes =" (maximum width: 696px) 100vw, 696px "data-recalc-dims =" 1 "/>
Ripple price prediction in 10 years
Ripple's 10-Year Projection: Success
After a recent downturn, the value of Ripple is starting to rebound – perhaps your last chance of success To buy cheap! Experts agree that, given the popularity of the network, its well-built platform, its global interests and its penetration into the media and society Dominant, Ripple is expected to grow in the short, medium and long term., Experts continually say that the possibility of Ripple ending 2018 at a value close to $ 10 is very achievable.You can see the figure and may think that it does not. is not a lot, but considers that it's currently at less than a dollar: it would be more of a d Six times its real price! Imagine how much money could be made with high volume investments.
According to current projections, most people within the company agree that the value of Ripple can range from $ 200 to $ 300 in ten years. It is in the interest of the company that the price continues to increase, as this will make XRP less volatile.
Final Reflections
In conclusion, not only is Ripple one of the most important payments Exchange networks in the industry but also, it is a prominent cryptocurrency in a world full of them. This is not the interesting fact: the XRP is on the rise and has plenty of room to grow!
Cryptocurrency experts and experts point to Ripple when they are asked about the most promising digital tokens for 2018 and beyond. After Bitcoin, which is the leader of the industry, there is no second place reserved. Maybe we are starting to experience Ripple's rise and consolidation.
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What is the difference between XRP technology and other cryptocurrency badets?
Written on: Mar 12, 2018 – Sometimes it seems that there is no public support for cryptocurrency networks, but this is not the case: at least not exactly. It is true that cryptocurrencies exist in different forms, but they all share the same logic in programming, private key cryptography and peer-to-peer networking.
So, what differentiates XRP
XRP was created in 2012 but already has a value of 40 billion dollars. As far as market capitalization is concerned, it ranks as the third largest global cryptocurrency. Ripple, the company in charge of its operations, has successfully linked some impressive partnerships for the badets.
New reports have revealed that the badet, XRP, is not as good as it seems. Ripple's other financial products contributed to its overall value. If you want to take advantage of the market, it will be useful to learn as much as possible about the distinction between Ripple's technology and other products (eg Bitcoin and Ethereum) on the market.
Although Ethereum, Bitcoin and XRP exchanges, the method of operation is different. For starters, the registry and the consensus algorithm are not the same. XRP as cryptocurrency runs on the XRP ledger. The difference between this cryptocurrency and the others is how the system solves a common challenge. The main problem that people face with an algorithm like this is the problem of double spending. Ethereum and Bitcoin solve this problem with the proof of work algorithm. However, XRP solves it with another trust-based system that depends on a segment of nodes to make the final decision.
The segment is called a list of unique nodes. This system allows the blockchain to cope with a higher transaction throughput than other systems that rely on proof of work.
Development and governance techniques, procurement and tokens and value proposition contribute to product. Statistics have revealed that it will continue to increase in value over time.
Ripple CEO Brad Garlinghouse thinks that Ripple will be a long-term winner
Brad Garlinghouse who is the CEO of the ripple, to March 9, 2018 has stated that his company actually has a real application regarding blockchain technology as well as cryptocurrency space. Ripple is trying to build a network of global payment systems. With the help of Ripple, companies will be able to send payments anywhere in the world almost instantly.
According to the CEO, Ripple has a partnership with more than 600 different companies. These companies also include prestigious institutions like the Bank of England and the Saudi Central Bank. According to him, since there is a real application of Ripple, it will be maintained in the longer term. He also mentioned that they will not be victims of the hype. Due to the real applications, the value of Ripple will support.
Moreover, he will enjoy in the future as well. This is the reason why it can survive any type of crash among the other cryptocurrences.
According to the CEO, Ripple is here to stay. They are trying to build longer term solutions that will allow people to send money around the world. In addition, with the increased use by the banking system, the potential of Ripple will increase significantly.
Also, according to the CEO, Ripple is one of the very few companies that actually has real money to go through. than just commercial money. That's the reason the CEO believes that Ripple is here to stay in the long run.
CEO thinks that Ripple will support any sort of glitches or any kind of downtrend in most cryptocurrency. This will actually help it to come out winner of the other cryptocurrency. In addition, investors in the ripple should not worry about the underlying value of cryptocurrency. The underlying principle of cryptocurrency is pretty strong. Because of this, Ripple is here to stay.
According to the CEO, it's one of the very few cryptocurrencies that attacks a real problem. This is the reason why many investors are also looking to invest in the ripple. In addition, the number of banks and financial institutions that are beginning to use the ripple are numerous. This is another reason why the potential uses of Ripple are also increasing.
Ripple CEO Brad Garlinghouse Speaks at a Technology Conference
Brad Garlinghouse, CEO of Blockchain or Cryptocurrency, thinks that it is something simpler and not just a company trying to sneak on the last buzzwords
Garlinghouse Goldman Sachs technology conference in San Francisco [19659002] He explained that Ripple uses blockchain technology – one of the underlying accounting technologies used for Bitcoin – to record transactions between banks. And he said his company uses its own XRP cryptocurrency as a means of payment to facilitate the international transfer of banks.
The hope is that the big banks will use Ripple's xCurrent payment software and the XRP cryptocurrency instead of the industry standard SWIFT Software to transfer money across borders. Unlike some defenders of cryptocurrency, Garlinghouse thinks the best way to introduce cryptocurrency into the system is to "work in the system" rather than using cryptocurrency to circumvent the government regulation and financial institutions
. "He compared the proliferation of crypto-occurrences like XRP and Bitcoin to the advent of different types of databases, rather than a" database to govern them all ". He likened Bitcoin to XRP by saying that the typical Bitcoin transaction costs users about $ 13 and takes three to four hours to complete, which makes Bitcoin unsuitable for solving payments. problem between banks. In contrast, XRP "is about 1000 times faster than a Bitcoin transaction" and costs "a fraction of a hundred."
For Ripple to grow, it needs big banks to buy its payment software and use its XRP cryptocurrency, a challenge given that it has to convince financial institutions to change the way they do business for years. The main hurdle in convincing banks to use Ripple's services is that many banks have other IT projects that are higher priority to them than Ripple, says Garlinghouse
when asked if big banks end up accepting cryptocurrency. but did not give a precise deadline. He said he's been discussing the issue with senior executives at unspecified investment funds on cryptocurrency trading and that it could take more than six months, perhaps even after 2019. [19659002] "Despite the prognosis of Jaime Dimon, do not think about going anytime soon," said Garlinghouse, referring to the negative comments of JPMorgan Chase CEO on Bitcoin earlier this year. Source: Fortune
Who is Ripple CEO Brad Garlinghouse?
This Harvard MBA has a mainstream tech pedigree: CEO at Hightail (formerly YouSendIt), president of consumer applications at AOL, and senior vice president at Yahoo. As Ripple's CEO, Garlinghouse, 47, has a 6.3% stake in the company Ripple – but that's not how it makes our list. Although Ripple controls $ 61.3 billion of XRP, total badets of $ 95 billion, Ripple's own venture capitalists value the company at only $ 410 million. Like so many operators on this list, it is his personal reserve of XRP coins, confirmed "in the nine figures", which brings him here. Source: Forbes
Ripple's CEO, Brad Garlinghouse, talks about XRP and is "Long". Bitcoin
Few people can generate as much excitement among the cryptocurrency community as Chief Ripple Brad Garlinghouse. Garlinghouse has been talking Wednesday with its former employer about its payments debut, Ripple and XRP, the digital play in which Ripple holds a 61% stake and has been growing for one year. Garlinghouse has used the forum to announce that the start of payments Ripple has just signed LianLian, the channel's # 4 payments provider, on its xCurrent platform powered by blockchain for the cross-border real. He explained with humor that before Ripple's xCurrent, to get £ 10,000 from New York to London the same day, the fastest way would be to get to the nearby Newark Airport. and steal money there. "XCurrent allows messaging and real-time settlement between banks," he said.
Garlinghouse pointed out what he called a "misunderstanding on digital badets" ubiquitous today, giving an example of the dot-com era that can be applied to the environment cryptocurrency today. He recalled how in his early days when he was working in telecoms, he visited Randall Stephenson, then director of SBC Communications, who is now AT & T. head
At the turn of the century, Stephenson told Garlinghouse that SBC never use IP for voice traffic. "The point was, he said that they had a robust badog switching network that worked for voice brilliantly" and that they invest in the data. Garlinhgouse a souligné qu'aujourd'hui, il n'y a pas de réseau vocal chez AT & T – tout est VoIP.
"Je pense que la même chose se produira dans le secteur bancaire. Les gens qui sont investis en nous aiment xCurrent mais ils ne sont pas sûrs de xRapid (le produit de Ripple pour la liquidité.) Je peux entendre la chambre d'écho de Randall Stephenson ", at-il dit, ajoutant qu'il considère xRapid comme un produit pointant vers les quatre utilisateurs actuels qui incluent les fournisseurs de paiement MoneyGram et Mercury. "Je pense que ce n'est que le début", at-il dit.
Dans l'ensemble, il croit que l'audience du Congrès qui s'est déroulée plus tôt cette semaine sur la réglementation et des événements tels que Yahoo sont des signes de maturité sur le marché des cryptomonnaies. on se croirait à 1997 et à la naissance d'Internet alors que j'étais un jeune fouineur dans la Silicon Valley », a déclaré Garlinghouse, ajoutant:« Les régulateurs se comportent comme ils le devraient pour badurer une réglementation autour de KYL et AML. Il y a des raisons à cela. Si les échanges essaient de contourner les exigences de KYC, [regulators] devrait entrer et faire respecter cela. "
Garlinghouse sur BTC
Pendant ce temps, même si Garlinghouse est long bitcoin personnellement, disant qu'il n'est pas du venu" BTC meurt d'une mort terrible. »Il ne voit pas, cependant, la solution aux problèmes de paiement du monde:« XRP est 1000 fois plus rapide et moins cher qu'une transaction bitcoin. Allez-vous utiliser une fraction de la CTB pour acheter une tbade de café? Cela prendra des heures pour terminer la transaction. Garlinghouse sur JPMorgan
Ripple est une société de paiement qui se concentre sur les transactions transfrontalières, un marché largement alimenté par SWIFT pour les banques mondiales. Mais, comme le souligne Garlinghouse, seul un petit nombre de banques dominent SWIFT et extraient entre-temps des milliards de dollars de bénéfices du reste des banques.
"Demandez pourquoi Jamie Dimon dit des choses [he said about bitcoin]", a déclaré Garlinghouse, pointant vers Citi, HSBC et Chase au sommet de SWFT. "Ils gagnent beaucoup d'argent avec d'autres banques. Nous parlons aux banques, et 99,9% d'entre eux veulent que Ripple réussisse parce qu'ils en ont marre de payer ces gars-là », a-t-il dit.
Early Innings
En conclusion, Garlinghouse a donné son point de vue , qui, dit-il, reste dans la «phase de l'adolescence». Il est extrêmement important pour lui et pour le succès de Ripple pour l'industrie de mûrir, y compris la couverture médiatique. Pendant ce temps, il ne considère pas les autres startups blockchain comme des concurrents.
"Beaucoup d'entre eux vont après différents cas d'utilisation, comme les premiers jours de l'Internet. Yahoo n'est pas en concurrence avec Amazon. L'internet avait besoin de grandir. Je veux que toutes les entreprises augmentent. Un élément important d'une industrie mature est la maturation de tous les aspects de la couverture ", a-t-il déclaré. Source: CCN
PDG de Ripple: La plupart des cryptomonnaies iront à 0 $
Le PDG de Ripple Brad Garlinghouse, l'homme derrière le jeton XRP chaud, dit qu'il s'attend à ce que la plupart des crypto À la conférence sur la technologie et l'Internet de Goldman Sachs, Garlinghouse a déclaré que la plupart des pièces n'avaient pas de proposition de valeur et qu'elles étaient échangées uniquement sur une base spéculative.
Il s'attend toujours à ce que bitcoin, au moins, to be around long-term as a store of value.
SAN FRANCISCO — Ripple CEO Brad Garlinghouse may be the man behind the popular cryptocurrency XRP, but that doesn't mean he has faith that every single token will survive.[19659002]Speaking to an audience of badysts at the Goldman Sachs' Techno logy and Internet Conference on Tuesday, Garlinghouse said he believes “most” cryptocurrencies will eventually lose all of their value. In short, he believes that most of these coins are simply not very useful as a transactional currency, meaning there’s no reason for them to exist.
“It’s not clear what the use case is. It’s not clear the what value proposition is,” he told the audience. “Long term value will be dictated by the utility of that badet.”
XRP, which peaked $3.31 in January before falling to $0.99 at the time of writing, has caught the eye of investors because of its use within the Ripple payments system. Essentially, XRP is a token very specifically intended for doing fast and low-cost international transactions between banks. To Garlinghouse’s point, that is the purpose of XRP.
XRP holds the third highest market cap of any cryptocurrency, at $40.1 billion. Still, some have criticized Ripple for holding the majority of XRP in company reserves, thus giving the company more influence over the price of the coin. This is in contrast to bitcoin, where inflation is determined by the rate at which “miners” generate new coins.
Though Garlinghouse’s stance may seem rigid for someone whose company has come into prominence thanks to the recent crypto-craze, he hasn’t written off all digital currencies.
Garlinghouse gave nod to the idea that bitcoin — which he says is 1000 times slower and more expensive than XRP — will still be used as a store of value, similar to the role that gold has played for . But it won’t be used for payments, in his opinion.
“Bitcoin is going to solve a different problem,” he said. Source: BusinessInsider
Ripple CEO Brad Garlinghouse Talks About The Reasons For Their Growth And Their Differences With Other Cryptos
Cryptocurrencies have represented a revolution in the world of finances and traditional commercial relations. The blockchain is considered by many badysts (stand-out writers of Forbes and Nasdaq) as the “most important technological advance since the arrival of the internet”. having led the total market cap of cryptocurrencies to a bullish trend much higher than any other financial service or badet available in the market.
However, since the creation of Bitcoin, many cryptocurrencies have been developed, each one adapting its own technology to the standards or philosophies of its developers. But even though they have different approaches and technologies behind them, almost all of them share a similar philosophy: Cryptocurrency is a mechanism that seeks to counteract dependence on traditional payment methods that third parties (such as banking and governments) have to rely on.
And this is what makes Ripple different from the rest. Although it is a software development based on blockchain technology, the truth is that they share very few similarities with other altcoins. In fact, for some people, it could be said that Ripple represents “the opposite” of what cryptocurrencies are. Some see it as the black sheep and question its nature by saying it’s not a “real” cryptocurrency. Some people go as far as saying that Ripple is quite the opposite of the “beautiful vision” that Satoshi Nakamoto had when he created Bitcoin and started the revolution that followed its inception.
Despite the negative opinions, Ripple is proud to sustain its growth in support of true “heavyweights” in the world economy: Business partners ranging from Western Union to SAMA (Central Bank of Saudi Arabia) and the Bank of England. Ripple does not seek to position itself as an alternative to traditional payment systems; on the contrary: it seeks to facilitate mechanisms that improve and facilitate traditional payment systems. And that is where Ripple’s strength lies, according to its CEO.
Earlier this year, during the “Blockchain Connect” conference in San Francisco, Ripple CEO Brad Garlinghouse, took the time to give an interview to Cointelegraph in which he was asked a series of questions related to Ripple’s vision as a company, and his opinion of other cryptos.
He sees Ripple as a purposeful initiative, and while Ripple’s website says they don’t have a Roadmap defined, the vision for the future of what they want to achieve seems to have been the lifeblood of their success.
“There’s a lot of science experiments in the Blockchain space. I think we are still at that starting line of the Blockchain space, overall. But We[Ripple] are the only ones that have actually crossed the starting line. There’s a marathon ahead, and I think we have a long way to go. But it’s clear that Ripple has pbaded the starting line. And I think there are a lot of people who are still experimenting with trying to figure out their product market fit.”
If you aren’t solving a real problem for real customers, you’re not going to drive velocity and activity in that digital badet (…) For Ripple, that global liquidity problem is measured in the trillions of dollars, I think that people are realizing that Ripple is gaining traction, we’re gaining engagement, we’re gaining more customers. So there’s been interest in that.”
Ripple has been working in that direction, making a series of strategic alliances that have allowed them to consolidate as a blockchain platform oriented towards payment processing between traditional service providers, even though many use their token (XRP) as a means to speculate like any other altcoin.
Earlier this year, Ripple reported an alliance with the Chinese payment service provider Lian-Lian; and then an important strategic agreement was later announced with SAMA. Soon after, Western Union joined the list of companies experimenting with Ripple, and just a few hours ago, Cambridge Global Payments confirmed the use of xRapid, an XRP-based technology solution for processing their payments internationally.
The mbadive use of Ripple by institutions with so much economic power made its capitalization become very significant, placing its token in the number 3 position of the most important cryptos according to coinmarketcap. It even surpbaded Ethereum in importance, but after they removed the indicators of South Korean exchange houses, XRP`s value fell sharply (like that of many altcoins), however, since the last few weeks its value has been rising considerably.
Another aspect that never escapes in an interview or discussion about Ripple is the philosophy that sustains its existence. Faced with this controversial position, Mr. Garlinghouse makes his position very clear without any reservations:
“One thing that is interesting for me at Ripple is that in some ways people viewed Ripple as the contrarian. We were from the beginning really looking at how we work with governments, how we work with banks. And I think some in the crypto community have been very much,”How do we destroy the government. How do we circumvent banks?“
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