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.
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.
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.
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.