Ripple CEO: We Believe XRP Is Efficient in Many Use Cases, but We Are Not Maximalist

Ripple CEO Brad Garlinghouse has provided valuable insights into the role of XRP within Ripple’s broader business strategy and the company’s stance on other cryptocurrencies.

Notably, Garlinghouse expressed his view about XRP and the place for other digital assets in a recent episode of “Metaco Talks.” The host was Adrien Treccani, the founder of Metaco, a crypto custody firm recently acquired by Ripple.

During the discussion, Treccani noted the prevalent confusion among some observers regarding Ripple’s core operations. He admitted that he had previously considered Ripple solely centered around XRP and the XRP Ledger (XRPL).

However, Garlinghouse clarified that Ripple’s scope extends far beyond XRP. He noted that XRP is an open-source digital asset with a decentralized validator network. He stressed that Ripple neither controls the XRP code nor the validator network.

Conversely, Garlinghouse highlighted that Ripple is an enterprise infrastructure company that leverages blockchain technology for various applications.

Ripple Is not Maximalist with XRP

In parallel, the Ripple CEO acknowledged the company’s overwhelming portfolio of XRP tokens in billions. Meanwhile, Garlinghouse noted while Ripple maintains a vested interest in XRP and views it as highly efficient for numerous use cases, Ripple is not a maximalist company. He expressed that Ripple believes there is a place for various digital tokens, including Bitcoin, with different use cases within the blockchain industry.

In his words:

“We own a lot of XRP, and we think XRP is extremely efficient for many use cases, not all use cases. We definitely are not maximalists: we think that there’s a place for Bitcoin; there’s a place for a lot of other tokens and different use cases.”

Notably, Garlinghouse’s comment has gotten the interest of the XRP Army with some sharing snippets of the interview on the X platform.

BRAD GARLINGHOUSE ➡️ USE CASES ➡️ @METACO TALKS 10/18/2023

➡️ “XRP is extremely efficient for many use cases – not all use cases. We are definitely not maximalists!”
➡️ “Ripple at its core is an enterprise infrastructure company focused on Blockchain.”
➡️ “We started with a use… https://t.co/hfN9hJ3N0k pic.twitter.com/654MTHkxsO

— XRP DROPZ (@DROPZXRP) October 20, 2023

It is worth mentioning that Ripple has proven its non-maximalist view about XRP as the firm supports other digital assets in its payment business. For example, The Crypto Basic reported Ripple added stablecoins USDT and USDC to its Liquidity Hub product catering to financial institutions. Other supported currencies include Bitcoin (BTC) and Ethereum (ETH).

Source