Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes
Ripple CEO Brad Garlinghouse has outlined the company’s approach to XRP, cross-border payments and the wider digital asset market, while highlighting the need for clear regulations around cryptocurrencies
Speaking in a recent interview, Garlinghouse said cryptocurrencies need to have practical use cases and address specific problems. He cited cross-border payments as one of the areas where Ripple uses XRP
Garlinghouse said Ripple uses XRP to address challenges in cross-border payments, pointing to the asset’s transaction speed and relatively low transaction costs
He also discussed potential applications for digital assets in machine-to-machine and small-value payments. According to Garlinghouse, such use cases could require payment systems capable of processing transactions worth fractions of a cent
At the same time, he said XRP is not suitable for every use case and that different digital assets can serve different purposes
Garlinghouse also discussed the impact of regulation on cryptocurrency adoption
According to Garlinghouse, stablecoin payment activity increased following the introduction of clearer rules
He also referred to Ripple’s legal case involving the U.S. Securities and Exchange Commission, saying the company spent four years and about $150 million defending the case
Garlinghouse pointed to the court’s finding that XRP itself is not a security as providing greater clarity for Ripple. He added that the wider cryptocurrency industry still faces regulatory uncertainty around how different digital assets should be classified
Garlinghouse said Ripple initially focused on banks and payment providers but is now expanding its reach through acquisitions
He highlighted Ripple’s acquisition of GTreasury, a treasury management company that serves large businesses. According to Garlinghouse, companies using GTreasury collectively handled about $13 trillion in payments during the previous year
Ripple sees the network of corporate finance teams and treasurers using the platform as a potential distribution channel for its payment technologies
Garlinghouse said Ripple could introduce stablecoin or XRP-based payment options to companies looking for alternatives for international transactions
The Ripple CEO also addressed the relationship between the company and XRP
He said the XRP Ledger is open-source and decentralized, while Ripple controls about 2% of its validators. According to Garlinghouse, ownership of XRP does not provide control over the network’s governance because the ledger does not use a proof-of-stake system
He argued that Ripple’s ownership of XRP should therefore not be interpreted as control over the XRP Ledger
Garlinghouse also discussed the potential role of cryptocurrencies as long-term financial assets
He described Bitcoin as a store of value and said other digital assets could develop around different use cases. He specifically identified payments as an area where XRP is focused
Garlinghouse said he expects financial institutions to continue exploring digital assets as the cryptocurrency industry develops
For XRP, the focus remains on payments, financial institutions and the use of blockchain technology for moving value across borders
