From crypto conference , CoinAgenda, in San Juan today, Brad Garlinghouse, CEO of Ripple (the former “peanut butter manifesto” maven of Yahoo!) provided an update on his company as well as thoughts on the coming tokenization wave of many assets.
Light editing for clarity…
On Ripple Performance in 2021
“The United States Securities Exchange Commission filed a lawsuit against Ripple on December 22. So almost a year ago, since that time Ripple has had a heroic 2021. Growth has been extremely strong in terms of our primary metric for success – payment transactions – and we’re still growing more than 100% year on year despite the fact we have sold zero new contracts in the United States in the last year. We’ve lost customers the United States.
XRP basically doesn’t trade in the United States. At Ripple, we sell enterprise blockchain despite all the things we do to keep regulatorily compliant – US companies are going , “Look. We’re gonna wait and see what happens.” But the good news is, when you go and talk to banks and institutions around the world, they don’t care. I was in the Middle East a few weeks – certainly in the UK – those customers are just paying because it adds value, it decreases their costs is improving the product experience for their customers… We’ve signed scores of contracts in 2021. It has been a great year -but zero contracts in the United States.”
On NFTs