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Ripple states: Not every transaction is suitable for using XRP; RLUSD can fill in the gaps.
Coinpedia
55m ago
Ai Focus
Ripple CEO Brad Garlinghouse stated that XRP is not applicable to every transaction, but the company will use it in appropriate scenarios. He mentioned that Ripple is a blockchain infrastructure company that initially started with payments and later expanded into corporate fund management and principal brokerage services; XRP is the foundation for these businesses, but when customer transactions are completed through fiat currency or RLUSD, Ripple can still earn a portion of the business revenue.
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Ripple CEO Brad Garlinghouse stated that XRP is not the right tool for every transaction, but the company will use it in meaningful scenarios.

When asked to introduce the company to someone who had never heard of Ripple in 60 seconds, Garlinhaus stated that Ripple is a blockchain infrastructure company that initially started with payment services and later expanded into corporate fund management and principal brokerage services.

He said that XRP is the foundation of these businesses, and Ripple will prioritize promoting XRP because doing so is in line with the company's own interests.

Garrinhaus also acknowledged that XRP is very efficient in some cases, but not so suitable in others. If a customer's payment is made through fiat currency or RLUSD, Ripple can still obtain a portion of that business.

He said that compared to not using XRP at all, he would prefer to see XRP taking on a small portion of the customer transactions.

Credit attribution:The above content is quoted from reports regarding the statements made by Brad Garlinghaus, the CEO of Ripple, by CoinPedia.

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