Home » Brad Garlinghouse: Ripple Is Solving Real Problems Using Blockchain Technology

Brad Garlinghouse: Ripple Is Solving Real Problems Using Blockchain Technology

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The CEO of Ripple, Brad Garlinghouse, stated that Ripple is solving meaningful problems using blockchain technology at scale. 

He has also talked about how Ripple’s products represent a solution compared to SWIFT’s cross-border payments services. He said that at The Economic Club of New York a few hours ago. 

Ripple Is Solving Real Problems

Ripple, one of the leading companies in the cryptocurrency market, is helping to solve problems using blockchain technology at scale. 

He mentioned that many SWIFT customers do not like using their services and are frustrated with it. At the same time, he explained that it is slow and expensive for firms to use SWIFT rather than other solutions. 

On the matter, Mr. Garlinghouse commented:

“When I go talk to banks, it’s a beautiful thing for me because banks don’t like Swift. They’re frustrated with Swift. Their customers don’t like Swift. That’s a great place to be when you’re selling into that.”

Ripple is currently working in order to offer cross-border payments services that are fast, cheap and secure. 

The firm has already established a network of over 200 participants that are currently leveraging Ripple’s solutions to perform cross-border transfers by using blockchain technology. 

“We have been so fortunate through a little bit of luck and a little bit of skill that we find ourselves with a lot of momentum in, I think really solving a problem using these technologies at scale,” Garlinghouse said. 

At the same time, Garlinghouse talked about the XRP Ledger and how the virtual currency works. He explained that a group of Bitcoin (BTC) developers created XRP due to the scalability issues that Facebook was already facing. 

Bitcoin uses a consensus algorithm called Proof-of-Work (PoW) that allows miners to process transactions by using specialized hardware equipment. These activities tend to require large amounts of energy, which has raised concerns among the community. 

XRP works without miners but with a group of validators that allows the XRP digital asset to be fast and cheap to be transacted. 

At the moment, Ripple owns 55% of all the XRP in existence. Due to this reason, Ripple received many critics, including that XRP is centralized and that they are flooding the market with XRP. 

With the XRP digital asset, Ripple is able to help banks and other regulated financial institutions to perform cross-border transactions. Several companies are also performing micro-payments to identity management, among other things. 


Ripple has been in the news after acquiring two companies in the last few weeks. The firm acquired the Icelandic cryptocurrency exchange Algrim to expand its operations in Europe. At the same time, It has acquired a startup that develops payment solutions called Logos. 

Basil Kimathi

Basil Kimathi

Basil is an avid fan of blockchain technology and all its innovations, and he is passionate about sharing this narrative with his audience. He has spent over five years in the crypto space, specializing in research and creating fintech content for various media outlets around the globe. His work has been published on top websites such as usethebitcoin.com, European Blockchain Convention, BTCpeers, coinjournal.net, coinlist.me, and many others. When not thinking about disruptive technologies, Basil is busy exploring the outdoors.

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