Garlinghouse Says XRP Has a Specific Role in Ripple's Payments Strategy
- —Garlinghouse said XRP is used in cross-border payments for its speed and low transaction costs
- —Ripple spent $150 million and four years defending its case against the SEC
- —A court found XRP itself is not a security, giving Ripple greater clarity
- —Ripple acquired GTreasury, whose clients handled about $13 trillion in payments last year
Why it matters: The Ripple CEO's comments reaffirm the company's payments and institutional focus and push back on concerns about its control over the XRP Ledger.
Source: Coinpedia