Managing Director for Europe At Ripple: They Continue To Witness Strong Demand

Ripple’s Managing Director for Europe expresses how they are constantly seeing strong demand.

Brad Garlinghouse seems to be quite optimistic about the crypto market and Ripple’s growth.

The crowned crypto asset is currently trading at $30,445 and is down by around 0.20% in the last twenty-four hours.

The Managing Director for Europe and UK at FinTech firm Ripple, Sendi Young, recently highlighted her views on why the company is constantly seeing strong demand.

In an interview with CNBC, at this year’s Money20/20 Europe conference in Amsterdam, she spoke about the crypto market state currently and how Ripple is doing.

Young highlighted that at Ripple, they are emphasizing on the long-term utility, not the volatility. Since the initial times, they have been focusing on solving real-world problems with crypto and blockchain technologies, specifically around cross-border payments, addressing things like transparency, cost, speed, and reliability, and they have developed a very strong cross-border network based on that.

And that she thinks they stay bullish on that crypto-enabled future for financial services. The last eighteen months have been the strongest period for them. They have doubled their payments network, and have hundreds of customers with a payment flow run rate of more than $15 billion currently.

Furthermore, she highlighted that they continue to witness strong demand as they are solving real-world problems and real pain points with these technologies.

Apart from this, Ripple CEO Brad Garlinghouse expressed his views on the crypto market in a separate interview and cited that there is no question that there has been a lot of turbulence in the crypto market.

And that he thinks if you zoom out, however, over the last two years, you have to remember that Bitcoin (BTC) was at approximately $8,000 two years ago, and today it is about $30,000. And in between there, it reached $60,000, but this is a new market.

Ripple has been quite in the limelight for the long-awaited decision on the Ripple Vs SEC lawsuit. Despite this, the company continues to grow and expand throughout the crypto market. It is to look forward to how the company further grows and how the current bearish trends would start to recover.

At the time of writing, Bitcoin (BTC) is exchanging hands at $30,445 with a market cap of $580,375,306,022 and is down by around 0.20% in the last twenty-four hours.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing