Ripple CEO "Not an XRP Extremist"...Declares Support for Bitcoin's Success

▲ Ripple CEO Garlinghouse, XRP/ChatGPT generated image

Ripple CEO Brad Garlinghouse drew a line, stating that he is not an XRP extremist and "supports the success of other blockchains, including Bitcoin (BTC)." While XRP is a core pillar of the company, he opposes the trend of the cryptocurrency industry solidifying around a single chain.

On May 6 (local time), Coingape reported that Garlinghouse stated in an interview at Consensus Miami, "I have never been an XRP maxi." Garlinghouse expressed his desire for other chains, including Bitcoin, to succeed and emphasized that tribalism in the crypto industry is harmful to the industry as a whole.

While Garlinghouse highly praised the power of the crypto community, he distanced himself from an attitude that prioritizes only a specific chain. He referred to the XRP Army as a very powerful and supportive ally for Ripple. He then explained that the community atmosphere at the XRP Las Vegas event held last week was more vibrant than ever.

However, Garlinghouse did not deny the connection between Ripple and the XRP ecosystem. He reaffirmed that XRP is Ripple's "North Star" and stated that Ripple holds responsibility for the ecosystem as it remains the largest XRP holder. He also clarified that Ripple's acquisitions are aimed at accelerating XRP adoption and increasing liquidity.

Garlinghouse also expressed an optimistic stance on the US cryptocurrency market structure bill. He said he believes the Senate can push the bill to its final hurdle. Coingape reported that Senator Thom Tillis recently unveiled the latest bill text after a compromise that maintains the stablecoin reward structure.

The issue of layoffs due to the spread of artificial intelligence was also a major topic of the interview. Garlinghouse explained that at Ripple, AI is being used as a growth engine, not a means of workforce reduction. He views AI as a tool to acquire more products and users faster, and not solely for the purpose of replacing people.

Garlinghouse pointed out that some companies are using AI as a pretext to cover up poor management. He said that AI can be an unlocking device for growing industries like cryptocurrency. He also acknowledged that Ripple, due to its structure as a private company, may have some advantages in terms of cost savings.

While Coinbase cut 14% of its total workforce due to its AI transition and market conditions, Garlinghouse defined Ripple's AI strategy as an expansion strategy, not a reduction strategy. Ripple simultaneously emphasizes its responsibility for the XRP ecosystem and a multi-chain industry perspective, focusing on adoption and liquidity expansion rather than closed competition centered on a specific asset.

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