The CEO of Ripple spoke about this in interview with technical analyst Lee Simpson. Notably, his quote coincided with a market crash..
XRP a Security NOT, Lawsuit Brad Garlinghouse claims ‘outrageous’ , FUD Scorecard on Ripple
This contributed to an even greater fall in Bitcoin. Brad Garlinghouse’s speech he also added the conclusion that the blockchain does not pose a real threat to the banking sector. In his opinion, the technology offers much more global opportunities that should not be stuck in one area..
Users in the crypto community are confident that the loud statements of the CEO of Ripple — nothing more than an attempt to present your project in a more favorable light. This is evidenced by the fact that in his speech, Garlinghouse did not forget to conduct a comparative analysis of the transaction speed of Ripple with Bitcoin.
Thus, the next market crash has become an effective tool that allows you to use it to influence the rating of projects..
In a way, Garlinghouse can be called the founder of this trend. — using the negative position of the most capitalized cryptocurrency for the good.
Earlier we wrote that Ripple is asking South Korea to loosen the regulation of the crypto market..
text: Evgeniya Likhodey, photo: Getty images