Talking to Ryan Brown of CNBC in Paris, Brad Garlinghouse, CEO Ripple has his say about the state-of-affairs in the Ripple Ecosystem.
There are other tokens that people use for other use cases which don’t work as well for payments.
The XRP ledger and from its origins has really enabled payments at scale in a way that certainly Bitcoin was very good for digital gold – It’s speed and cost per transactions makes it less attractive for payments type use case.
Or certainly, make the investments as mentioned in the carbon credit marketplace and other verticals that we think could be compelling.
The macro factor out of inflation globally, you saw this past week, record inflation in four decades – inflation in the United States with 8.5% and the other fact that is – it is important not to loose sight of is – as you and I had talked about – that the move from the crypto overall towards an institutional use case, solving real problems for real-customers and it scaled solutions that are not about the speculative activity.