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.”
South Korean’s First Pension Fund to Invest in Cryptocurrency ETF
Reasons Why Crypto Trading is the Most Profitable Side Hustle
Reasons why Cryptocurrency is the Future of Online Gambling
Is it possible to see Cryptocurrency Trading as a possible career?
Ripple Partners with Payypl, as the Firm Enters $78 Billion Mena Market
Recent Press Release
A Complete Set Of Steps That An Individual Has To Follow For Investing In Bitcoin!
Today many people wish to invest in the world’s most fantastic cryptocurrency that is bitcoins. The world is changing, and...
Steps That You Need To Take For Choosing The Best Bitcoin Exchange
Bitcoin is one of the most widely used cryptocurrencies, and there are some steps that you need to take for...
Best Bitcoin Wallets – Why Should You Use A Bitcoin Wallet?
Bitcoin wallets are digital programs that offer unique functionalities for storing bitcoins. You will be glad to know that the...
In What Ways Are People Using Bitcoins? – A Guide For Novices!
Bitcoin is a highly volatile cryptocurrency that provides its users a lot of benefits. There are some great uses of...
What is KYC in bitcoin, and why is it required?
KYC is mandatory on every platform. For example, when you open your bank account, they will ask you for your...