Brad Garlinghouse is the CEO of Ripple and his recent interview on the “Fast Money” show sparked up some controversy in the cryptocurrency world. To make things even more interesting, Ripple’s CEO was said to be accompanied by Coinbase’s CEO during the show.
Therefore, rumors about an upcoming XRP listing on Coinbase started appearing as soon as Brad Garlinghouse confirmed his attendance for the upcoming show.
Ripple CEO Advice to the Industry
Leaving the rumors aside, Brad Garlignhouse decided to use his presence on the show as an opportunity to give some advice to the cryptocurrency industry. “It’s incredibly important that the entire industry recognizes that we have to work with regulators, we have to work with the system” said Brad Garlinghouse.
Cryptocurrencies to Work with Regulators
Even though this statement doesn’t seem too controversial, it did make some people wonder why he is saying this. First off, we need to mention that Ripple and it’s XRP token have been designed to work with financial institutions right from the start. Therefore, Brad Garlinghouse is trying to tell everyone that other cryptocurrencies should follow in Ripple’s steps.
“There are some within the Bitcoin community that really advocated not just down with banks but down with governments, we have been a contrarian relatively speaking in that regard” added Brad Garlinghouse.
It seems like Brad Garlinghouse wants the entire cryptocurrency industry to follow its plan and team up with financial institutions. This seems to be the next step in the evolution of cryptocurrencies, but it goes against the idea of decentralized currencies at the same time.
With that being said, no one should be shocked to find out that there are many people within the cryptocurrency community that disagree with Ripple’s CEO. However, Ripple will still offer its xRapid platform to all banks that are interested in implementing the XRP token.
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