- Brad Garlinghouse highlighted the coin’s scalability problem.
- He also believes that an IPO will be "a natural evolution" for Ripple.
In a recent interview, Brad Garlinghouse, CEO of Ripple, spoke about the financial industry that’s rapidly changing. He discussed Bitcoin’s use cases and Ripple’s IPO plans, among many other things. Garlinghouse said that Bitcoin is not suitable for micropayments and emphasized BTC’s scalability issue. He said:
You don’t want to use BTC at Starbucks b/c by the time you get your coffee, it’ll be cold.
Over time, Ripple has gained traction as it’s fast and more scalable when compared to Bitcoin. While Bitcoin can process seven transactions per second, XRP can handle up to 1500 per second.
However, he is still bullish on BTC being a store of value, meaning he sees the coin in the same category as gold. Other industry experts like Bridgewater Associates co-founder Ray Dalio believe that Bitcoin cannot retain its value due to its volatile nature.
According to Garlinghouse, 2020 will be the year when several crypto firms will go public, following the lead of Canaan Mining. He believes an IPO to be "a natural evolution" for Ripple.
In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.