Ripple CEO Brad Garlinghouse made headlines after a firm address to global financial leaders at the International Monetary Fund and the Swiss National Bank. According to a video shared by XRP Avengers on X, Garlinghouse delivered a direct critique of Bitcoin’s limitations while positioning XRP as a faster, cheaper, and more scalable solution for cross-border transactions.
According to Garlinghouse, Bitcoin was not designed to fulfill the rising need for secure worldwide payments. He argued that rushing transfers and excessive charges keep blockchain from being very helpful for worldwide financial transfers.
He said that XRP came about because programmers who understood Bitcoin’s issues made a more improved network. Garlinghouse says that XRP deals with payments 1,000 times faster and more cheaply than Bitcoin, so it is well suited for today’s financial world.
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Ripple CEO Garlinghouse also discussed how Ripple wants to eliminate the need for companies to pre-fund accounts for cross-border payments. He pointed out that the current banking system uses nostro and vostro accounts, which freeze funds and cause delays when transferring them, mainly to smaller individuals and groups.
He claimed that XRP can arrange almost immediate liquidity, eliminating those waits and making money movement smoother and quicker. In this example, a freelancer in the Philippines working for a company in London has trouble getting payments in a timely manner because of system limits. According to him, Ripple allows instant payments without needing big transaction volumes.
Garlinghouse Outlines Vision for XRP as Core of Global Financial Change
Garlinghouse compared Ripple’s mission to the rise of early internet protocols like TCP/IP and HTTP, which standardized digital communication. He stated that Ripple aims to do the same for value transfer by building an Internet of Value that allows money to move as easily as data.
He explained that using Ripple’s consensus protocol uses less energy than Bitcoin’s proof-of-work methodology. Because XRP is not mined, it can handle more transactions and use much less energy than Bitcoin.
Participants in the XRP community were quick to respond, interpreting what Garlinghouse said as signaling XRP’s readiness to lead the next stage of financial development. His comments at the IMF and Swiss National Bank indicate that Ripple is concentrating more on improving global payment systems.
Ripple’s strategy of putting XRP at the heart of changing finance was supported by Garlinghouse’s strong defense of XRP and criticism of Bitcoin. That message to global financial firms was a significant milestone in Ripple’s efforts to become a major player in worldwide payments.
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