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Ripple CEO Defends XRP Dumping in CNN Interview

ripple

ripple

Speaking to CNN recently was one Brad Garlinghouse, the CEO of Ripple Labs, creators of the XRP cryptocurrency asset.

He was interviewed by journalist Julia Chatterley, who asked him about the recent price manipulations going on. In response to her questions, Garlinghouse stated that he and his team were definitely not dumping XRP tokens to manipulate the price, which they have been accused of for some time.

“XRP is like a Bitcoin,” Garlinghouse says to appeal to the masses, stating its fast transaction times. Chatterley goes on asking if he believes Ripple and cryptocurrencies, in general, can be a force for good, to which Garlinghouse, of course, replies in the affirmative.

Chatterly then asks about the community threatening a take over with a hard fork – a diversion from the XRP blockchain into its own network – to which he replied, no. Garlinghouse claims that because Ripple is the largest holder of XRP, they are the ones that want it to be the most successful. That claim makes some sense, though it doesn’t necessarily mean the CEO is telling the truth when it comes to the token dumping.

Regardless, Ripple is still one of the largest digital assets on the market, even if it isn’t traditional in the cryptocurrency trading sense. Instead, it wants to work with investment brokers and other financial associations for cross-border transactions.

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Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend. LinkedIn: https://www.linkedin.com/in/maxwell-moeller-912044b4/