Ripple’s natural evolution comes from the first public offering of assets, according to company CEO Brad Garlinghouse. Currently, the head of Ripple is at the World Economic Forum in Davos, where various figures discuss, among other things, the promotion of financial technology. At the World Economic Forum in Davos, Ripple CEO Brad Garlinghouse gave an interview, pointing out, among other things, the natural evolution of Ripple.
The Natural Evolution of Ripple: Details of an interview with Brad Garlinghouse from Davos
Ripple CEO Brad Garlinghouse gave an interview in Davos, pointing out, among other things, the natural evolution of Ripple. The key moments of the interview with the head of the company were shown by some Ripple employees on social networks. The interview itself was given by The Wall Street Journal in the framework of the panel of the World Economic Forum “Changing the financial industry from within”, and there was no live broadcast. First of all, the Ripple CEO emphasized the importance of cheap remittances for labor migrants around the world. Low fees for transfers will allow more people to participate in the process and send money.
According to the head of Ripple, now those who have the least finance pay the most. For labor migrants, on the contrary, it is important to preserve each amount, and therefore, when cheaper financial transfers, they will be able to receive the service in full. The Ripple CEO also noted that the problem of network compatibility with some assets will be resolved in the next ten years. Another important point from the interview with the head of the director of Ripple concerned the comparison of consumption in mining Bitcoin and the launch of the validator in XRP Ledger.
If Bitcoin requires 1% of the total world energy supply, then for XRP Ledger it is no more than for turning on a regular light bulb. Another point from an interview with a Ripple representative related to what to do with the financial system. According to the CEO of Ripple, it is impossible to fix problems in an outdated system, and only fundamental changes need to be made to it. Finally, the head of Ripple said that the IPO will be a natural evolution for the blockchain within a year. IPO will also become an evolution for Ripple, however, when exactly, it is not specified.