Ripple CEO to New York Times reporter: „No plans to readjust our strategy“


Ripple’s (XRP) CEO Brad Garlinghouse has responded to criticism from New York Times technology reporter Nathaniel Popper after it emerged that Banco Santander is still hesitant to use XRP, the company’s native token.

Popper pointed to Garlinghouse, citing statements by the CEO in January 2018 about the banks „planning to use [the] XRP token in the near future. He went on to say that „people used their savings to invest in XRP based on Brad Garlinghouse’s projections of the future,“ adding:

„If investors had put their money into XRP the day @BradGarlinghouse talked about banks planning to use XRP, and kept it to this day, they would have lost about 90% of their investment.“

Why does Santander not yet use Ripple for international payments?

„There are no plans to readjust our strategy“
In response, Garlinghouse made it clear that it believed that „using XRP to solve a $10 billion problem, such as cross-border payments, is working.

The CEO also explained that On-Demand Liquidity (formerly xRapid) has accounted for more than USD 2 billion in transactions since its launch, citing an 11-fold increase in volume in the first half of 2020 compared to the previous half of 2019.

According to Ripple Bloxy’s browser, the network has been producing around 900,000 transactions per day during 2020, with a peak of 3,000,000 transactions on January 7, 2020.

Ripple wants to become the Amazon of the world of crypto currencies

ODL currently supports over two dozen clients, shared by Garlinghouse, including MoneyGram, Golance, Viamericas, FlashFX and Azimo.

Popper didn’t help his case when he got the Garlinghouse Twitter user wrong, a detail that was mentioned at the end of Garlinghouse’s response:

„P.S. @nathanielpopper, for future reference – quick fact check and according to NYT standards – my Twitter user is @bgarlinghouse, not @bradgarlinghouse“

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XRP Army reinforcements have arrived
True to the well-known passion of the XRP community, the Ripple CEO thread quickly received a number of community endorsements and many users congratulated him on his thoughtful response. YouTuber and XRP supporter CryptoEri said: „I’m glad you talked. That was the right thing to do.