Ready to share Ripple’s insight on the blockchain industry, CEO of Ripple, Brad Garlinghouse sat down with Bloomberg’s Cory Johnson to discuss the San Francisco-based fintech company’s bet on cryptocurrency’s technology.
Founded in 2012, Ripple notably provides global financial settlement solutions to enable the world to exchange value like it already exchanges information – giving rise to an Internet of Value (IoV). The company shared:
“Ripple solutions lower the total cost of settlement by enabling banks to transact directly, instantly and with certainty of settlement. Banks around the world are partnering with Ripple to improve their cross-border payment offerings, and to join the growing, global network of financial institutions and market makers laying the foundation for the Internet of Value.”
During the interview, Garlinghouse stated:
“There’s a lot of hype in [the blockchain] space, but I think there’s also a lot of reality. And Ripple has been focused on how we can create real utility and solve a real problem. And in this case, it’s in cross payments, which is a multi-trillion dollar problem, and if we could reduce the friction there, using blockchain technology, we can create a lot of value for consumers, for banks, and for the whole ecosystem.”