Altcoins News
By Steven Anderson
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Dusting out an old interview from Yahoo Finance all Markets Summit: A speech by a senior SEC official basically said, Ethereum and Bitcoin are not securities.
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There will continue to be systems that will rely on central actors whose efforts are the key to the success of the enterprise. Doesn’t that sound a lot like Ripple? Like XRP?
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Brad Garlinghouse: I think that sounds a lot like the ICO market. I think these ICOs are issuing tokens. They haven’t even released any code.
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One thing is if Ripple, the company shuts down tomorrow, the XRP ledger would continue to operate.
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Question: But doesn’t your treasury management at Ripple hoard XRP, won’t that suggest for the success of XRP in the long run?
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No I don’t think the ownership of XRP gives us control. It is an open source decentralized technology. Because, we own a lot of the asset - Saudi Arabia owns a lot of oil.
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The first one is that it is existing independently, the second one is the ownership point, and the third one is back to utility. XRP is solving a problem – Securities don’t.
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A consumer speculator is not our target market. Our target market are financial institutions that we can solve a big problem measuring trillions of dollars using these…
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