Ripple (XRP) Brad Garlinghouse on a Mission to Educate RegulatorsFebruary 22, 2020
Brad Garlinghouse opined that 2020 started for Ripple XRP with a lot of momentum, and ideally stated that it was demonstrative of the momentum in the overall cryptocurrency industry.
He opined that it all happened when they moved from the speculative crypto market to utility like solving problems for customers. He also stated that as momentum builds, more and more customers are coming in, facilitating a lot of liquidity, which is, in turn, good for everybody in the ecosystem.
Ripple (XRP) Crypto Can Be Used To Solve a Real Problem
He stated that 2020 was very important because the regulatory clarity is getting better globally. Countries like Singapore, Thailand, Switzerland, and Japan, according to Brad, has excellent regulatory clarity. He stated the US has more opportunity in the regulatory area, and he hopes that we will probably see the development in 2020. He stated that it would catapult the whole industry.
He stated that he also thought that the cryptocurrency industry has been a little bit in the shadow. He reflected on “how crypto is still a bad word in several areas.”
He also spoke about how he is meeting with several regulators and senior people at Banks, taking about how crypto can be used to solve a real problem. Specifically, about how XRP can be used to solve a real problem.
Ripple XRP does not Circumvent Regulation
He stated that he is trying to help understand that XRP is not to circumvent any regulation, not to circumvent any government, further stated, I think once they will understand that they will quickly disarm and agree that crypto is not really a bad word.
Sydney Ifergan, the Crypto Expert Tweeted: “If Ripple XRP makes it clear that it is not about circumventing Regulation, it will help the entire crypto industry grow. However, once the regulators and government understand that they might want to take control of things around crypto.”
When discussing about on-Demand liquidity, cross border transactions, and facilitating faster, more efficient payments, Brad stated on how they transacted 54 million dollars of XRP flowing to Mexico. He stated that it was 7.5% of all value that flows from the USD to Mexican Peso. He stated on how huge industries can be made massively efficient by making use of these technologies.
He further spoke about how liquidity begets liquidity. He stated that rather than depending on the speculative aspect of crypto, they are focusing on institutional flows.