Ripple’s Chief Executive Officer, Brad Garlinghouse has recently revealed that they are not XRP maximalists while sharing valuable insights on the significant role that XRP plays in the company’s broader business strategy and its extensive cryptocurrency operations. 

Ripple CEO’s Emphasis On Ripple Being Centered Around XRP

In an interview on Thursday, with Metaco Talks’s host Adrien Treccani, Brad expressed his optimism about the company being solely centered around XRP. 

The CEO affirmed that the digital asset is highly efficient for several use cases, which include cross-border payments and remittances. But despite the company possessing a lot of XRP, they are definitely not maximalists of the cryptocurrency, noting that there is a place for several other digital assets such as Bitcoin. 

“We own a lot of XRP, and we think XRP is extremely efficient for many use cases, not all use cases. We definitely are not maximalists: we think that there’s a place for Bitcoin; there’s a place for a lot of other tokens and different use cases,” Brad stated.

It is important to note that Ripple has demonstrated that it does not hold a maximalist view on the crypto asset because it supports other digital assets in its payment services. The company now supports cryptocurrencies like Bitcoin (BTC), and  Ethereum (ETH), and stablecoins USDT and USDC in its Liquidity Hub product – a product that aims to manage and source liquidity across the digital

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Author: Scott Matherson

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