Blockchain News Feed

All the latest news on Blockchain & Cryptocurrencies

Menu
  • Home
  • News
  • Exchanges
  • Market Analysis
  • YouTube
  • Brave Browser
Menu

Ripple CEO States Bitcoin “Not a Panacea,” Considers Blockchain as a Major Disruptor

Posted on juni 14, 2018 by Blockchain News

After Brad Garlinghouse took the stage for an interview with  Stifel Tech Analyst Lee Simpson, the CEO of blockchain-based payments platform Ripple (XRP) voiced his thoughts on bitcoin (BTC) and blockchain, stating the latter “will not disrupt banks.”

Ripple CEO States Blockchain not Confined to Banks

A report by The Street revealed the startling opinion of blockchain technology Garlinghouse holds, considering financial institutions generate Ripple’s primary business.

Garlinghouse stated the current market has “a lot of blockchain craziness” and listed three indications which he believes define “market winners:” Product-Market fit, Customer traction, and Regulatory engagement.

The entrepreneur believes bitcoin is not the “panacea” everyone supposes it to be, and that blockchain plays a more significant role in the system other than a mere disruptor of the banking industry.

With a focus on emerging markets, Garlinghouse held his company’s native XRP token in high regard, ascertaining its usage as “how liquidity will be managed in the future.” He focused on emerging markets.

Garlinghouse stated:

XRP [is the] the best digital asset for settlement. Bitcoin today takes 45 minutes to settle a transaction. Whereas XRP could take 4 seconds to settle.”

He added that banks would undoubtedly use what is cheaper and efficiency, and XRP fits the bill in this regard.

Garlinghouse: “Bitcoin Is Controlled by China”

The entrepreneur called out China’s influence in the Bitcoin ecosystem, stating “ there are four miners in China control over 50% of Bitcoin.” Garlinghouse was presumably referring to Bitmain’s BTCPool and AntPool, which infamously control a large part of bitcoin’s hashing power.

Garlinghouse shoved aside thoughts of bitcoin becoming a universal digital currency, singling out Steve Wozniak’s optimism on the topic, due to a sizeable Chinese influence on the pioneer.

“How do we know that China won’t intervene?” said Garlinghouse, “How many countries want to use a Chinese-controlled currency? It’s just not going to happen.”

Despite his harsh opinion, Garlinghouse admitted to owning bitcoin, and acknowledged its status as “digital gold.” However, he cautioned the crowd to invest what they could afford to lose.

The entrepreneur concluded his interview with insight on Ripple’s future:

“When I think about the transformation, it is fundamentally changing the way millions participate in banking. We can fundamentally change the way this works, to bring an entire population up a step in the system.”

The post Ripple CEO States Bitcoin “Not a Panacea,” Considers Blockchain as a Major Disruptor appeared first on BTCMANAGER.


Source: BTCManager.com
Original Post: Ripple CEO States Bitcoin “Not a Panacea,” Considers Blockchain as a Major Disruptor

Ledger Nano X - The secure hardware wallet

Recente berichten

  • Mastercard Exec Remains Optimistic On Crypto Despite Market Meltdown
  • Argentinian Cryptocurrency Exchange Buenbit Announces Staff Layoffs
  • Guggenheim’s Scott Minerd Predicts Brutal Bitcoin (BTC) Collapse Down to ‘Ultimate Bottom’ – Here’s His Target
  • Exchanges show initial support to Terra revival by listing new LUNA token
  • NFT owners reminded to be vigilant after 29 Moonbirds were stolen by clicking a bad link

Categorieën

  • Altcoin Buzz
  • Altcoin Buzz News
  • AMBcrypto
  • Bitcoin.com
  • Bitcoinist
  • BTC Manager
  • CCN
  • Coin Mastery
  • Coindesk
  • Coinpower News
  • Cointelegraph
  • CryproSlate
  • Crypto Daily
  • Crypto News (.net)
  • Cryptocoin News
  • Cryptocurrency News
  • CryptoDaily.co.uk
  • CryptoPotato
  • CryptosRUs
  • Daily HODL
  • DataDash
  • Ethereum Worldnews
  • Exchanges
  • ICO's
  • Invest in Blockchain
  • Market Analysis
  • News
  • News BTC
  • Newsbit
  • Portfolio
  • Pricecheck
  • Ready Set Crypto
  • The Modern Investor
  • ToshiTimes
  • Use The Bitcoin

Archieven

  • mei 2022
  • april 2022
  • maart 2022
  • februari 2022
  • januari 2022
  • december 2021
  • november 2021
  • oktober 2021
  • september 2021
  • augustus 2021
  • juli 2021
  • juni 2021
  • mei 2021
  • april 2021
  • maart 2021
  • februari 2021
  • januari 2021
  • december 2020
  • november 2020
  • oktober 2020
  • september 2020
  • augustus 2020
  • juli 2020
  • juni 2020
  • mei 2020
  • april 2020
  • maart 2020
  • februari 2020
  • januari 2020
  • december 2019
  • november 2019
  • oktober 2019
  • september 2019
  • augustus 2019
  • juli 2019
  • juni 2019
  • mei 2019
  • april 2019
  • maart 2019
  • februari 2019
  • januari 2019
  • december 2018
  • november 2018
  • oktober 2018
  • september 2018
  • augustus 2018
  • juli 2018
  • juni 2018
  • mei 2018
  • april 2018
  • maart 2018
  • februari 2018
  • januari 2018
  • december 2017
  • november 2017
  • oktober 2017
  • september 2017
  • maart 2017
  • juni 2016
  • juli 2014
  • september 2013
  • augustus 2013
©2022 Blockchain News Feed | Design: Newspaperly WordPress Theme