During the Fortune’s Brainstorm Finance conference in Montauk, New York, Ripple CEO Brad Garlinghouse shared his insights on Facebook’s Libra launch. He has open views on Libra’s entry and believes that this will have huge exposure of big businesses for his banking software and crypto startup.
During the discussion, he adds;
“This is going to be a record week for Ripple,”
Libra announcement by Facebook comes on the same day when Ripple announces its strategic partnership with MoneyGram. However, according to Mr.Garlinghouse, Libra’s launch announcement led many banking & finance entities to seriously involve with an xCurrent product, powered by Ripple. He also adds that payment firms are on their way to associate XRP cryptocurrency with their money transferring system.
In his view ‘Libra’s announcement has been a call to action’. Moreover, according to Ripple’s executive ‘Community don’t need Western Union anymore’ -having said that in past, there were many reports claiming that banks are considering to wind-up relationship with SWIFT and steps ahead with Ripple’s blockchain based payment products.
“[It] has absolutely catalyzed contract activity,” Brad said. “I will send a case of champagne to David Marcus the guy who runs Libra,” Garlinghouse addressed Facebook’s blockchain chief David Marcus.
Moreover, while talking about MoneyGram partnership, XRP’s value and Libra’s launch, Garlinghouse adds that;
“I think it’s really hard for people in these economies to say what is real and what is noise.” He said “it was a big deal for Ripple,” and over time, people will believe it was “bigger deal for the cryptocurrency markets overall.”
SEC Commissioner Acknowledges Misleading Evaluation of XRP Under the Howey Test
What is a Data Room and Why is it Essential for Your Due Diligence Process?
$226 Million Worth of XRP are Sold by Ripple in Q4 2022, as the ODL Sees Significant Growth
CryptoLaw Founder John E. Deaton, Highlights a few Key Factors that May Influence Court’s Decision on Summary Briefs
A Huge Sum of XRP Tokens Transferred During the Past 24-hours, as The Coin Seems Stuck at $0.41
Recent Press Release
5 Crypto Platforms That Pay You To Enhance Your Crypto Knowledge
The cryptocurrency market is growing at breakneck speed and so is the demand for knowledgeable crypto enthusiasts. With cryptocurrencies being...
The Beginners Guide to Bitcoin Buyer : What You Need to
Bitcoin is a decentralized digital currency. It is a form of digital asset that can be exchanged between individuals in...
Bitcoin and AI: 4 Benefits that Will Change the Economic World
There are essentially two key technological shifts that you just cannot overlook. The foremost is the renaissance of AI techniques,...
Listing Down the Top 5 Benefits of Trading With AI
“What fire was to the cavemen, AI is to commerce.” That is how one business stakeholder characterized how a technological...
Crucial Trading: Pool Of Luxurious Floor Coverings
David and Jannet Green from London took the foundation of Crucial Trading in 1986, a house of quality full carpets...