Transparency is Ripple’s biggest asset, Ripple CEO

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In his recent podcast interview with Anthony Pompliano Ripple CEO Brad Garlinghouse stated that the company’s defense against the US government’s hostile stance towards cryptocurrencies is transparency.

The man behind Ripple, Brad Garlinghouse, believes that the firm’s transparent framework can be used as a weapon against the US government’s anti-cryptocurrency stand. He states that Ripple is in the good books of many regulated financial institutions, and it leverages this bond to obtain information regarding any transactions which the company does not necessarily have.

Transparency is the selling point, Ripple CEO

Cryptocurrency ecosystem lacks transparency and clarity, and Ripple is here to serve as a good example, he states with confidence.

Garlinghouse further underlined the company’s distinguishing feature by saying that RippleNet’s way of pursuing and passing of information is much more robust and reliable than the way SWIFT works today and that the banks and the governments appreciate that.

Ripple has no issues working with Iran, Ripple CEO

Commenting on the US-government’s imposed sanctions on cross-border transactions with certain countries like Iran and Cuba, Garlinghouse remarks that these countries, although severely isolated, are part of the global banking infrastructure, and Ripple would not mind expanding its reach there. He went on to justify that XRP’s ecosystem is substantial as the company owns fifty-five percent (55%) of XRP from the market and any move that hampers its growth hampers Ripple overall.

Meanwhile, Ripple’s next-generation Xpring has generated quite a buzz in the cryptocurrency space. Its newly-launched developer platform offers tools and services for develops that enables them to send and receive money in any currency through XRP ledger and Interledger Protocol. Garlinghouse added that the recent developments surrounding SDK expect a considerable response from the cryptocurrency community and that he is confident he wouldn’t be disappointed.

In the end, in what seemed like a bullish optimism towards the prospering XRP community, Garlinghouse affirmed that the company would not consider dumping tokens as it does not work in the best interests of the firm and also, because it will be regarded as the depreciation of value.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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