Brad Garlinghouse: Ripple controls XRP price no more than whales – Bitcoin
Brad Garlinghouse, CEO of the American fintech company Ripple, talked to CNN on Thursday, trying to refute the opinion that the XRP rate is being manipulated..
Garlinghouse kicked off the discussion by revealing how Ripple is trying to find the right use for cryptocurrencies. After that, the interlocutor asked about the alleged active sales of XRP by the company and the initiative of individual community members who threaten to “seize power” by implementing a hard fork of XRP if Ripple does not stop its dubious practices.
“In the XRP community, Ripple is the largest holder and most committed to the success of the ecosystem,” he replied, adding that large XRP sales in the market are not in the company’s best interest. “We are clearly interested in a healthy, successful XRP ecosystem and would never have done so.”.
Garlinghouse previously said massive cryptocurrency sales are helping Ripple grow the XRP ecosystem.
When asked if Ripple can control the price of XRP, he exclaimed, “Oh no! Ripple Can’t Control XRP Price More Than Whales Control Bitcoin Price “.
The criticism of Bitcoin did not end there – the first cryptocurrency turned out to be a good example to substantiate the opinion that the long-term value of any digital asset comes from its practical properties, and XRP in this case, according to Garlinghouse, is about a thousand times faster and more economical..
“Bitcoin, and I bet on Bitcoin for a long time, has real practical value as a store of value, digital gold. But if a Bitcoin transaction is confirmed on average in 12 minutes and costs more than $ 1, it is unlikely that such a payment solution will be successful. So when it comes to payments, we think XRP is in a unique and extremely favorable position to address the payment problem, ”he added..
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