According to Brad Garlinghouse, #XRP might become the next #bitcoin if "we solve a multi-trillion-dollar problem."

According to the CEO, #Ripple has always worked with regulators and regulated organisations like as banks where there is regulatory certainty.

The attractiveness of XRP, like XLM, is that governments utilise it for cross-border payments, as opposed to market manipulation tokens.

If we solve a multi-trillion-dollar problem, XRP will be the next Bitcoin, according to Ripple CEO Brad Garlinghouse in an interview with Bloomberg. The remittance token has been a hot issue since Ripple won a legal battle against the US Securities and Exchange Commission (SEC) when Judge Annalisa Torres ruled that XRP is only a security when sold to institutional clients. Although only in part, the judgement gave some clarification for the payments token.

XRP is the Bitcoin of the future.

According to Ripple Labs CEO Brad Garlinghouse, XRP might be the next Bitcoin since it has a significant competitive advantage over its contemporaries in the crypto business. "Ripple has worked with regulators and regulated entities like banks from the beginning," he explains. In his perspective, the digital asset's exposure to a field with minimal regulatory uncertainty, such as the conventional financial industry (TradFi), is a competitive advantage in and of itself, improving the token's long-term performance.

As such, Garlinghouse articulates that, with XRP at the centre of what Ripple wants to achieve, it is striving to tackle some of the initial challenges that Bitcoin (BTC) set out to solve, with the goal of laying the groundwork for the next generation of digital assets. That comes as RippleNet takes on the SWIFT messaging system in an innovative attempt to tackle the problem of payments taking days to settle rather than seconds.

According to Garlinghouse, the invention presently has over 100 clients, "ranging from some of the world's major banks to payment providers, to Western Union and MoneyGram," among others, with Garlinghouse stating that they are signing up more than a bank per week.

Cost reduction and increased speed

The attractiveness of XRP, like XLM, is that governments utilise it for cross-border payments, as opposed to market manipulation tokens. According to Garlinghouse, XRP is at the forefront of digital asset maturity, giving real value to clients by solving real issues. "XRP is 1000X quicker than Bitcoin," he argues, "which implies the volatility risk incurred around XRP is just for three seconds."