In a recent interview with Citizen JMP Bank, Ripple CEO Brad Garlinghouse shared his thoughts on the company and his perspective on the contrasting approaches that are being followed in the cryptocurrency space. Garlinghouse also highlighted Ripple’s approach and how different it is from approach of the other cryptocurrencies.
Brad Garlinghouse talks about Ripple bridging DeFi and traditional finance
According to the interview tape, the CEO addresses Bitcoin’s approach as an anti-government and anti-bank system. He commented ” I always worry that the Achilles’ heel of Bitcoin might be this kind of anti-bank and anti-government attitude and to me it has limited the market opportunity.”
Ripple’s Collaborative Approach
Garlinghouse also gives and insight about how he was introduced to Ripple. A recruiter introduced Garlinghouse to the company and what resonated with him was the philosophy of collaboration that the company wants to move forward with. “At Ripple, we try to work with the system rather than creating a new system. From the very early stages, the company has taken an approach to bring products to the market that help bridge decentralized finance (DeFi) and traditional finance culturally and technologically.” he explained.
Garlinghouse then acknowledged that there are arguments on both the sides but the company’s approach has made it stand out as a significant player in the industry.
Bridging Gap Between Decentralized and Traditional Finance
Ripple’s focus on bridging the gap between decentralized and centralized system sets it apart in the blockchain ecosystem. By working with financial institutions and regulators, the company aims to foster innovation without alienating the current financial infrastructure.
The interview indicates the company’s commitment to building a cooperative future for digital assets, where DeFi and traditional finance can work hand in hand to shape a more inclusive financial ecosystem.
At press time, the price of the XRP token stands at $2.45 with a surge of 3.2% in the last 24 hours.
XRP 24 Hours Chart (Source: CoinGecko)
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