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Ripple CEO Brad Garlinghouse Gives CNN Interview to Spread the Word About XRP: Key Takeaways

  • Alex Dovbnya
    📰 News

    Brad Garlinghouse talks about XRP with mainstream media after a few tough weeks for Ripple’s native token

Ripple CEO Brad Garlinghouse Gives CNN Interview to Spread the Word About XRP: Key Takeaways
Cover image via www.youtube.com
Contents

On Sept. 12, Ripple CEO Brad Garlinghouse finally braced CNN with his presence. During an interview with First Move anchor Julia Chatterley, the crypto bigwig weighed in on adoption, Bitcoin comparisons, and the company’s impact on the XRP price.

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XRP’s adoption is gaining traction

Garlinghouse claims that the adoption of XRP is rapidly growing despite all the FUD. MoneyGram recently started using xRapid for conducting transactions as a result of a major partnership with Ripple.

We are seeing more momentum than we’ve ever had about using XRP.

Xpring also serves to streamline the adoption of XRP. During an interview, Garlinghouse mentioned content monetization startup Coil, which received an eye-popping $265 mln worth of investment from Ripple.

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XRP vs. Bitcoin

The Ripple boss has reiterated that he’s long on Bitcoin, saying that the coin that started it all can act as a store of value. However, he doesn’t see BTC succeeding as a means of payment due to its scaling issues, and that where XRP comes to the rescue.

The long-term value of any digital asset is going to be derived from the utility it delivers.

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Skin in the game

As expected, Chatterley also pressed Garlinghouse on controversial XRP sales. He explained that it’s “not in their best interest” to inflict selling pressure on XRP.

Indeed, when XRP hit its current ATH, Garlinghouse was worth more than $10 bln, which made him one of the richest people in the US. His fortune has dwindled to $500 mln after Ripple’s native token tanked by almost 90 percent.

In the XRP community, Ripple is the largest owner. The point I have made is that we are the most interested party in the success of XRP.

He also denied that Ripple can influence the price of XRP in the lights of damning reports.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Nationwide Blockchain of China Finally Preparing for Launch

  •  Denis Sinyavskiy
    📰 News

    China launching nationwide blockchain service in beta mode until March 2020. It must push forward digital economy and smart cities

Nationwide Blockchain of China Finally Preparing for Launch
Cover image via www.123rf.com

China continues to take steps toward the digital economy and smart cities by officially releasing a nationwide blockchain service network, XINHUANET says.

Blockchain service network expectations

UnionPay, State Information Center (SIC), China Mobile and three other organizations worked on a system that will help China lead the blockchain technology market. Blockchain beta testing has already been announced and will last until March 2020, and all content and services will be available for free till that date.

BSN is expected to accelerate the development of digital technology and smart cities, as well as foster the development of new technology and industries.

What about CBDC?

Earlier, U.Today reported, that China has come close to creating its own cryptocurrency and may even launch it this fall, but then there was information that the national digital currency will appear later.

But China will not become the first country to introduce a national cryptocurrency. The Kingdom of Bhutan has already done it this month, as we already reported.

So, what do you think? Does the launch of China's national blockchain mean that the country will become a leader? Write what you think about this in the comments section!

In this Telegram channel you’ll find fresh news, interviews, infographics, forecasts & other helpful stuff. Join U.Today's channel.

About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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