Brad Garlinghouse news

CEO of financial technology company Ripple.

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Ripple CEO Brad Garlinghouse Affirms There’s No Competition Between BTC and XRP, Reveals He’s a Bitcoin HODLer

In a recent interview, Ripple CEO, Brad Garlinghouse made a remarkable disclosure. Garlinghouse in a statement on the show confessed that he was a bitcoin holder. This may be surprising to a lot of people, but Garlinghouse does not think of bitcoin as a competitor to XRP. Ripple, he notes is a product for financial institutions, while he holds Bitcoin for speculation – in expectation of a higher return. Brad Garlinghouse HODLs Bitcoin Ripple’s CEO on the show tried to explain the role of cryptocurrency in the financial sector. During the interview, he pointed out the obvious, that there was too much ‘noise’ in the cryptocurrency market today. Despite this, Brad believes there are a number of currency projects which are of value in the world today. Without a doubt, XRP and Bitcoin are part of them. Surprisingly, we would have thought the firm would be one of the greatest rivals of Bitcoin, but Brad indicates that both cryptocurrencies have different use cases and are not threats to each other. Speaking on his stance on the most valuable cryptocurrency today, bitcoin, Brad notifies the crypto community that he is in on bitcoin long-term. Quoting the CEO, he said; “I own Bitcoin, I’m long Bitcoin. I think Bitcoin is a store of value and people hold it.” Though Brad did not reveal how much worth of Bitcoin he’s holding, it’s certain it will be a substantial amount. The Battle; Ripple vs Bitcoin Ripple has been a controversial cryptocurrency over the years. Some see Ripple’s official currency, XRP as a “centralized coin controlled by an administrative body”. Despite these controversies, Ripple has continued to grow. Bagging partnership deals from all sides. Ripples’ aim is to become the first choice when it comes to processing cross-border payments. Ripple tends to solve bitcoins challenges, which are slow transaction times and high processing fees. Ripple’s Recent and Forthcoming Partnerships According to Ripple’s blog post, dated June 17, 2019, the announcement indicates one of Ripple’s latest partnership deals. Ripple announced it has entered a partnership agreement with one of the world’s largest money transfer firms, MoneyGram. There have also been reports surfacing showing Ripple’s next move. Ripple will also be providing its services to yet another financial giant, VISA. XRP is presently the 3rd most valuable cryptocurrency in the market today. It is currently priced at $0.44 per coin with a market cap of $18.82 billion according to data from CoinMarketCap. The post Ripple CEO Brad Garlinghouse Affirms There’s No Competition Between BTC and XRP, Reveals He’s a Bitcoin HODLer appeared first on ZyCrypto.
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Brad Garlinghouse: Ripple (XRP) and Bitcoin are not competing — I’m Long BTC

Bitcoin (BTC) and Ripple’s XRP are not competitors. That is a statement made by Ripple’s CEO, Brad Garlinghouse. He was speaking at Fortune’s Brainstorm Finance conference in Montauk, N.Y on June 20. At the same meeting, he also stated that the recently launched Facebook Libra is not a threat to his xCurrent business. In that interview, Brad outlined the major differences between XRP and BTC. He argued that bitcoin is a store of value or ‘digital gold’ while his XRP token is a ‘bridge currency.’ He said that XRP enables an efficient solution for fiat-to-fiat transfers. Brad went ahead to cite the differences between the two virtual currencies in terms of transaction costs. He said that Ripple can do a successful transaction for a small fraction of a cent while a bitcoin transaction costs around $2.30 on average. Nevertheless, this difference does not mean that bitcoin may soon fail. He was adamant stating that he does not view the two digital assets as competitors in any way. Garlinghouse is confident that not a single cryptocurrency will rise to the status of ‘ruling them all. He implied that every major cryptocurrency will soon prove a certain use case. He said: “I own bitcoin, I’m long bitcoin. I think Bitcoin is a store of value and people hold it.” The fact that he admitted owning bitcoin shows that he believes that the two tokens are not competing for the same market space. General Cryptocurrency Insight During the same interview, the CEO also expressed his thoughts and stand about the current crypto markets’ environment. He pointed out that there has come a lot of noise into the blockchain and crypto market. It is always hard for the industry to separate the signal from the ‘noise.’ Brad tried to separate all the noise surrounding crypto market and its future potential. It is clear that Facebook’s Libra announcement has caused jitters in the whole global financial systems. Nonetheless, Garlinghouse is resolute that the entry of Libra will lead to big business for Ripple’s banking software, xCurrent. Libra is scheduled for launch in the first half of next year. The Ripple CEO cited a recent article on CNBC that stated that Facebook has launched a cryptocurrency. He argues that the social media giant has not really launched any crypto so far. Instead, they have just announced their intention to do so in 2020. Facebook intends to roll out crypto for its billions of users. After the token joins the market, users can make payments on different online networks like WhatsApp and Messenger. Previously, Garlinghouse was on record saying that a crypto project by JPMorgan Chase misses the whole point of cryptocurrencies. Ripple has partnered with MoneyGram to offer cross-border payments and foreign exchange settlements with digital currencies. As part of that deal, MoneyGram is allowed to draw up to $50 million from Ripple as an exchange for equity. Now, Garlinghouse is confident that Facebook, Bitcoin, and Ripple will peacefully coexist in the crypto space. Like what you're reading? Subscribe to our top stories The post Brad Garlinghouse: Ripple (XRP) and Bitcoin are not competing — I’m Long BTC appeared first on FXTimes.com - Daily Cryptocurrency and FX News.
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Brad Garlinghouse on Facebook’s Libra, CZ on Binance U.S and more

Crypto News – 19 June – Brad Garlinghouse on Facebook’s Libra, CZ on Binance U.S and more Don’t forget to follow us for our daily videos#facebooklibra #Binance #Ripple #cryptonews #cryptocurrency #Facebook #Crypto #Libra pic.twitter.com/2YRiEdpLw7 — AMBCrypto (@CryptoAmb) June 19, 2019 Crypto News – 19 June Bancor follows Binance, Bittrex’s footsteps: Decentralized trading platform, Bancor, recently announced […] The post Brad Garlinghouse on Facebook’s Libra, CZ on Binance U.S and more appeared first on AMBCrypto.
AMBCrypto

Facebook’s entry a positive signal to blockchain & crypto markets, claims Ripple’s Brad Garlinghouse

As the influx of new players into the crypto-ecosystem grows, the industry has come a long way from its inception a decade ago. The industry has forced mainstream institutions such as Facebook and JP Morgan to join the race. While the world speculates on Facebook’s next move as a global power, in-house competitor Ripple is on […] The post Facebook’s entry a positive signal to blockchain & crypto markets, claims Ripple’s Brad Garlinghouse appeared first on AMBCrypto.
AMBCrypto

Brad Garlinghouse Considers MoneyGram Partnership Will Have An Impact on xRapid

Brad Garlinghouse, the CEO of Ripple, considers that the new partnership with MoneyGram is expected to have a “big impact” on the xRapid product. Ripple announced on June […] The post Brad Garlinghouse Considers MoneyGram Partnership Will Have An Impact on xRapid appeared first on UseTheBitcoin.
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Brad Garlinghouse: Ripple Is a Reliable Service Especially for SMEs

Small to medium enterprises (SMEs) are the strongest pillar for both developed and developing economies around the world. Additionally, they have been at the center of international payments. As such, they need products and services that would make the remittance process as frictionless as possible. Tired of exorbitant charges and high latency, Ripple is forwarding a reliable, blockchain based platform that is cheap and timely. According to Brad Garlinghouse, the CEO of Ripple, small to medium enterprises would be the biggest beneficiary if they tapped the power of the Ripple network to transfer and or receive funds across borders. In a tweet, Garlinghouse said: “Ripple provides a smoother, more reliable service than the legacy system, and makes an impact on their bottom line. For SMEs in particular, that impact is huge.” Ripple Is Transforming The Industry TransferGo, one of the SMEs that has been working with Ripple since last year, expressed their excitement in “transforming the industry.” The SME specializes in providing cross-border payments and boasts that the transfers, with Ripple, are 90 percent cheaper and takes less than 30 minutes. In February, the Head of Operations at TransferGo, Tomas Snitka, noted: “Our vision is to become a global real-time payments company…players who are thinking about this will get left behind. That’s why we see Ripple as a strategic partner moving forward.” Daumantas Dvilinskas, CEO and founder, TransferGo, acknowledged that Ripple has helped in providing “a real-time communication” consequently allowing its customers to initiate instant international payments. He went on to say: “We are excited to transform the industry together with our friends Ripple. We are just getting started.” We are excited to transform the industry together with our friends @Ripple @bgarlinghouse We are just getting started! #transfergo #fintech— Daumantas Dvilinskas (@daumis2475) May 30, 2019 Apart from TransferGo, MercuryFX Ltd, another firm facilitating cross-border payments, has also praised Ripple for helping it to be part of the future. According to the company’s CEO, Alastair Constance, Ripple has helped it unlock the market, enabling it to “trade freely at the optimized speeds and costs.” “Ripple provides the opportunity for us to say we have opened up this market and we can come here and trade freely at the optimized speeds and costs.” –@mercury_fx_ltd CEO Alastair Constance speaking with Ripple SVP Customer Success, @marcus_treacher. pic.twitter.com/i9wJNWRZWe— Ripple (@Ripple) February 5, 2019 At the beginning of the year, MercuryFX Ltd transferred a record 3.5K Euros from the United Kingdom to Mexico in seconds. Its UK-based customer, Mustard Foods, saved 31 hours and 79 Euros on that single transaction. At the same time, a user saved cash after selling a house in Australia. TransferGo and MercuryFX are just part of SMEs that drove the global remittance to more than $600 billion in 2018. Notably, SMEs employ a solid 60 percent of the population in both emerging and developed economies. Ripple In Over 40 Countries, SME Growth, And Multi-Hop To bring reliable services closer to those who need them most, Ripple has spread its wings to over 40 countries located in Asia, Europe, Latin America, and Africa. What’s more, last year, SMEs using RippleNet facilitated the transfer of $2 billion. That’s not all. New businesses continue to join the network. For example, InstaREM and RationalFX are enabling international payments from the UK to Vietnam, Indonesia, Sri Lanka, etc., Remitr and FlutterWave are opening up a payment corridor connecting Nigeria and Canada while BeeTech and InstaREM are interfacing Brazil with Germany, Portugal, France, Italy, and Spain. Asian countries, being among the worst hit by expensive international payments, are increasingly tapping into Ripple. For instance, Multi-hop, a product built on RippleNet to eliminate the shortcomings of traditional financial institutions, is focusing beyond the speed in transactions to include the possibility for payments to move across borders even without bilateral agreements. Multi-hop will accommodate banks in the ASEAN (Association of South Eastern Asian Nations) region. Siam Commercial Bank in Thailand partnered with Ripple to drive Multi-hop to enable SMEs to send and or receive funds cheaply across borders. The post Brad Garlinghouse: Ripple Is a Reliable Service Especially for SMEs appeared first on Ethereum World News.
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Bill Clinton in Swell by Ripple Event

The main reason as to why Ripple decided to invite the former president was because of his fame and background on drafting policies that help emerging technologies. During his tenure as president, Clinton signed the Telecommunications Act of 1996 which is said to have started the internet age.

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Quotes, Week 24 ’18

Brad Garlinghouse, Jay Clayton, Martin Mühleise, Changpeng Zhao, and Jimmy Wales speaking on cryptocurrency and blockchain issues.

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DIGEST

Quotes, Week 23 ’18

Bobby Lee, Brad Garlinghouse, Robert Sluymer, Brian Stutland and Adena Friedman speaking on cryptocurrency and blockchain issues.

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Coin Source Will Bring Dai to Its ATM Users

Stable currencies are all the rage as of late, primarily because they aren’t prone to the price swings and volatility one often witnesses with mainstream digital assets such as Ethereum and Litecoin. If you want to invest in crypto but are nervous about the prospects, stable currencies could be the answer. Now, they’re earning an even larger boost through companies like Coin Source, a Texas-based operator of cryptocurrency ATMs. Coin Source Brings Stability to Crypto The venture recently announced that it would be adding the stable asset Dai to its many ATMs located throughout the southern United States this summer. The addition of the coin is “in preparation” for what the company calls a widespread remittance program, in which workers will be able to send money home to their families in the form of Dai or other cryptocurrencies that they can trade or sell. Travis Gough, chief product officer at Coin Source, comments: In remittances, people want to save as much value and they don’t want to be subjected to the high volatility that you’re seeing in bitcoin and other cryptocurrencies that can be very speculative. Price swings are a persistent worry in the crypto space, and likely never to leave enthusiasts’ minds fully. At the same time, it’s easy to suggest that currencies like bitcoin are suddenly easier to accept given these swings are now traveling north. Since April of this year, bitcoin has been enjoying a serious bull run, having jumped by nearly 200 percent in just the last three months alone. After a lengthy period of traveling through the doldrums at the mid-$3,000 range, the currency began its new string of price spikes last April with a sudden (and unexpected) jump to $5,000. The good news this time around is that bitcoin’s sudden behavior is likely being sparked more by market trends, which will make this bull run more stable than the one that occurred in 2017, reportedly the subject of manipulation by users of the stable currency tether. Along with bitcoin, currencies like Litecoin have also surged in price, heightening the crypto space’s present levels of legitimacy. A New and Improved Way to Send Money The Coin Source remittance service – which will at first be available to customers only in the United States – will allow ATMs to transfer Dai and other digital assets between wallets. Once a customer receives funds, they can forward them to the wallets of selected parties granted those parties have satisfied all of Coin Source’s know-your-customer (KYC) requirements. Receiving individuals can then confirm the funds and trade or sell them accordingly. All transactions occurring by way of Coin Source are recorded onto the Ethereum blockchain. At press time, the company operates more than 230 ATMs in nearly 30 states and in Washington D.C. The post Coin Source Will Bring Dai to Its ATM Users appeared first on Live Bitcoin News.
Live Bitcoin News

Amun AG Launches New Exchange-Traded Product With Data Provided By Bitwise Crypto Index

The fintech firm based in Switzerland, Amun AG, released its new plans to launch an exchange-traded product (ETP) using Bitwise 10 Select Large Cap Crypto Index as a benchmark. The Swiss SIX Exchange has already allowed several other ETPs to operate in the country. Amun AG Works On New ETP Bitwise Index Services has just […]
Bitcoin Exchange Guide

Chainlink (LINK) is launching on Coinbase Pro

Transfer LINK immediately into your Coinbase Pro account ahead of trading. Support for LINK will be available in all Coinbase’s supported jurisdictions, with the exception of New York State. Additional regions may be added at a later date.After 10am PT on June 26, 2019, we will begin accepting inbound transfers of LINK to Coinbase Pro. We will accept deposits for at least 12 hours prior to enabling full trading.Once sufficient supply of LINK is established on the platform, trading on the LINK/USD, and LINK/ETH order books will start in phases, beginning with post-only mode and proceeding to full trading should our metrics for a healthy market be met. Support for LINK will be immediately available in all Coinbase’s supported jurisdictions, with the exception of New York State. Additional jurisdictions may be added at a later date.Chainlink (LINK) is an Ethereum token that powers the Chainlink decentralized oracle network. This network allows smart contracts on Ethereum to securely connect to external data sources, APIs, and payment systems.Please note that LINK is not yet available on Coinbase.com or via our consumer mobile apps. We will make a separate announcement if and when this functionality is added.The stages of this launchThere will be four stages to the launch as outlined below. We will follow each of these stages independently for each new order book. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.We will send tweets from our Coinbase Pro Twitter account as each order book moves through the following phases:Transfer-only. Starting at 10am PT on June 26, customers will be able to transfer LINK into their Coinbase Pro account. Customers will not yet be able to place orders and no orders will be filled on these order books. Order books will be in transfer-only mode for at least 12 hours.Post-only. In the second stage, customers can post limit orders but there will be no matches (completed orders). Order books will be in post-only mode for a minimum of one minute.Limit-only. In the third stage, limit orders will start matching but customers are unable to submit market orders. Order books will be in limit-only mode for a minimum of ten minutes.Full trading. In the final stage, full trading services will be available, including limit, market, and stop orders.One of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time.You can sign up for a Coinbase Pro account here to start trading. For more information on trading LINK on Coinbase Pro, visit our support page.Chainlink (LINK) is launching on Coinbase Pro was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
The Coinbase Blog
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