Ripple will be the Amazon for crypto as per the CEO of the platform Brad Garlinghouse who stated his optimism in an interview with CNN’s Julia Chatterley when speaking about the current state of Ripple’s XRP and the plans for this year. Let’s find out more in the following XRP news today.
Garlinghouse concluded that in about 5 years time, Ripple will be the Amazon of the crypto industry. It seems that the Amazon cryptocurrency will have to wait since Ripple will be the most used one. Garlingouse sees Ripple and XRP as doing pretty good in 2020 but he doesn’t pay as much attention at the short-term prices. He sees his company from a longer-term standpoint and compared the nascent crypto markets with the now hundred billion-dollar markets such as gold.
Brad believes that Ripple’s ecosystem will continue to grow in the future and will solve real problems for real customers with projects such as Coil. He also doesn’t see Bitcoin or Ethereum as competing but believes that the overall growth in the space is good for everyone. Ripple grew by adding more than 100 employees during the bear market and many other projects had massive layoffs as well. Brad commented on the upcoming Ripple IPO although he didn’t give a definitive timeline:
‘’we’ve added more than 150 employees last year, at a time when I think others have been less focused on solving real world problems. There’s been a bunch of lay offs in crypto community over the past weeks.’’
Ripple intends to work with regulators for more clarity and he wants to see the US becoming a leader in the crypto industry which will not happen without regulatory clarity. He also said that XRP’s value is north of $10 billion so this valuation for the IPO presents an opportunity for Ripple shareholders which will give the platform more flexibility to pursue deals such as their $50 million investment in MoneyGram:
‘’When I step back and think about it macro, I think it’s really healthy and constructive for the entire crypto blockchain community to see central banks and central governments lean into what can these new technologies do to make our economy more efficient, our payment infrastructure more efficient… so at large I think it’s really positive.’’
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