Recently, Brad Garlinghouse, the CEO of Ripple said that his firm would be interested in companies owned by FTX that serve business customers. He is also interested in buying certain parts of collapsed crypto exchange FTX.
Ripple’s CEO: An Crypto Optimist
Mr. Garlinghouse believes that the crypto industry will be stronger if transparency and trust remain its focus. He immensely values Bitcoin. While Bitcoin gave people an option for the first time in history to ignore the private monopoly and control over people’s assets.
During the 6th annual RippleSwell conference in London, held on Nov. 16 and 17, 2022, Mr. Garlinghouse told The Sunday Times that former FTX CEO Sam Bankman-Fried called him two days before the company filed for bankruptcy as he sought to round up investors to rescue the business.
He also discussed all things related to Ripple, crypto utility, macroeconomic factors affecting crypto, and much more.
In the long-twitter thread, Mr. Garlinghouse wrote about the current happening in crypto market as “With all that’s happening in the past few weeks (and over the course of this year’s ups and downs), it feels even more imperative that we’ve gathered together in person to have honest conversations about solving real world problems with crypto and blockchain.”
“As I said on stage – I firmly believe that crypto will be stronger because of this if we keep focusing on transparency and trust. Ripple has and will continue to lead in this regard,” he added.
Being optimistic about crypto, he further noted that “On a very positive note, we made some major announcements this week, as- We’ve processed $30B in payments on RippleNet (both fiat and crypto,) and also, We’re partnering with MFS_Africa, Africa’s Largest Mobile Payment Gateway, to bring ODL to Africa – our 6th continent!”
Being optimistic about crypto, he further noted about the two major announcements from Ripple as “On a very positive note, we made some major announcements this week, as-
- We’ve processed $30B in payments on RippleNet (both fiat and crypto,)
- We’re partnering with MFS_Africa, Africa’s Largest Mobile Payment Gateway, to bring ODL to Africa – our 6th continent,
- Nearly 40 payout markets are live for ODL, representing 90% of FX markets,
- 19+ new and upgraded from fiat ODL customers across the globe,
- Realsupermojo is live using Liquidity Hub to source ETH.
In the last thread he noted “Despite some headwinds, I’m immensely proud of the Ripple team who day in and day out focus on helping our customers move value around the world – whether remittances, individual payments, bulk funding, treasury management and more.”
It must be noted that Ripple CEO finds lack of regulatory clarity in the U.S. over cryptocurrency.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2022/11/20/see-how-ripple-ceo-is-reacting-after-ftx-collapse/