Brad Garlinghouse, CEO of Ripple, talked about how the cryptocurrency industry has every chance to become even stronger after the ongoing crisis. But for this, this industry needs to keep a focus on transparency and trust.
Brad Garlinghouse believes that his company will continue its leadership in this direction. At the annual Ripple Swell conference, Garlinghouse talked about how useful cryptocurrency is, about the macroeconomic factors that affect the ecosystem, as well as other interesting aspects. The CEO of Ripple spoke about the achievements that the company has made over the past year. For example, payments on the RippleNet network, which connects financial institutions around the world, have exceeded $30 billion.
Currently, approximately forty payment markets are transacting with Ripple's On-Demand Liquidity (ODL) solution. The San Francisco-based company partnered with MFS Africa (Africa's major payment gateway) to make payments across the continent. Every year, in various places and countries, a global payments conference takes place. Before the last event, the price of XRP had a strong increase, but this time it did not happen. The crypto industry will be left on the edge due to the collapse of the FTX exchange. In an interview with CNBC International, Garlinghouse stated his assumption. He believes that the FTX crypto exchange used fraud in its work.
