Brad Garlinghouse, CEO of Ripple Labs, has demonstrated his bullish position on cryptography at the recent Collision conference and highlighted three key take-ups which encapsulate the world of digital resources. The focus was on world partnerships, NFTs and CBDCs.
South Asian markets have progressively emerged as the central hub of the token, with regulators in Singapore and Thailand classifying the XRP as a digital asset. Given that almost all XRP investors are non-US based, the importance of transborder payments has been stressed. Garlinghouse.
Indeed, he also clarified how remittances are costly and likely to be highly frictional. However, Garlinghouse added that Ripple cooperates in order to increase its efficiency with its customers.
Ripple Exec referred briefly to his ownership of a collection of baseball cards as he was grown up, and to the association between trading and high friction. He said, “There’s plenty of useful cases here that are extremely compelling when talking about art, collectible items, music.”
On the future of such tokens, Garlinghouse is quite bullish saying that he is here to stay. In addition, Ripple revealed that it supports NFTs on its platform already. His reply was very similar to that of CTO Davis Schwartz a few weeks ago on “working to build new technology to enable cases like NFTs to be used.”
The Ripple exec has expanded to include CBDCs, in particular since, through their central banks, China, Cambodia, the Bahamas and other countries have launched digital currencies during the last few months. Garlinghouse welcomed such a move,
“Central banks should participate in cryptography. At present, the Federal Reserve is working with MIT to explore the possibility of a US-based digital coin.”
He says the SEC lawsuit could potentially drag the US down in the worldwide crypto-market along with an inexpressible regulatory framework. Garlinghouse added that he referred to himself as an American citizen,
“Many crypto industry players have chosen to establish and reside outside the United States. And I think that could be one of the worst things. It’s not good domestically for the crypto industry.”
Garlinhouse finished by repeating something he said in the past,
“Although Ripple goes away, XRP will continue to trade.”