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The head of Ripple spoke about plans ...

The head of Ripple spoke about plans to transform a startup within two years
CONTENT

  • Ripple team intends to follow the path of Amazon development

  • The startup will expand the range of services

  • The transformation will take place within two years

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The team of the popular California startup Ripple, whose main focus is serving cross-border payments, intends to expand the range of services provided. This was stated by the CEO of the company Brad Garlinghouse, reports The Financial Times (FT).

According to the head of the startup, Ripple can become an analogue of Amazon in the crypto space. At the same time, Brad Garlinghouse drew attention to the fact that at the moment the company depends on the success of its XRP cryptocurrency. According to the startup report for the second quarter of 2020, sales of the coin to institutions increased by 1760% (from $ 1.75 million recorded in the first quarter of 2020, to $ 32.55 million).

The head of Ripple spoke about plans ...

“We have a lot of XPRs at our disposal. Answering the question whether I am concerned about the position of the coin on the market, I will answer – 100% “, – this is how Brad Garlinghouse commented on his attitude to the project’s cryptocurrency and the impact of its position on a startup.

We will remind, earlier specialists Morgan Creek Digital expressed the opposite opinion. They believe that the XRP rate is independent of the success of Ripple.

Read also: XRP entered the top 10 for altcoin profitability

Recall that XRP is a tool for conducting transactions in the payment network of the RippleNet startup. The service allows you to make international payments through the conversion of fiat into cryptocurrency. At the time of this writing, over 350 financial institutions around the world are connected to RippleNet. Ripple’s partnership with MoneyGram played an important role in the development of the project.

XRP chart. Data: CoinMarketCap

According to the head of the development department of the startup Ethan Bear, at the moment the company’s specialists are focused on creating new technical solutions within the RippleNet framework. Expansion of the strategy, according to Brad Garlinghouse, will allow Ripple to increase the range of services.

The development of a startup in the indicated direction, in his opinion, will make the company an analogue of Amazon in the world of digital assets. The CEO of the startup explained his point of view by the prospect of a diversified approach to customer service. It is noteworthy that earlier the head of the company already mentioned the desire to make Ripple look like Amazon..

INTERVIEW PART I
"Once regulators understand you’re not circumventing regulatory frameworks they get very comfortable very quickly," @Ripple CEO @bgarlinghouse explains why he’s on a mission to educate regulators around the world. pic.twitter.com/2PMVvj3PZU

– Julia Chatterley (@jchatterleyCNN) February 17, 2020

The head of Ripple spoke about plans ...

Amazon is an American company whose development is involved in various fields. At the moment, the organization’s technical solutions cover the e-commerce sector, cloud storage, video content production and many other areas..

“The creator of Amazon started out selling literature. It so happened that we started with the organization of payments. Two years later, we will show that the payments sector has become for Ripple the same as the literature for Amazon, “explained the development strategy of the startup Brad Garlinghouse..

At the same time, the CEO of Ripple noted that disputes over the status of XRP cryptocurrency stand in the way of the company’s progress..

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