Ripple Pushing for $2 Trillion of XRP Liquidity in the Banking System | CEO Brad Garlinghouse

Ripple Pushing for $2 Trillion of XRP Liquidity in the Banking System | CEO Brad Garlinghouse







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Ripple Pushing for $2 Trillion of XRP Liquidity in the Correspondent Banking System, Says CEO Brad Garlinghouse
Ripple CEO Brad Garlinghouse says the payments startup is pushing to use the crypto asset XRP as the bedrock of an ambitious overhaul of the way money moves across borders.
In a new interview on The Jay Kim Show, Garlinghouse says the current correspondent banking system, which relies in part on the need for banks and financial institutions to hold pools of money in various bank accounts around the world, is cumbersome and outdated.
According to Garlinghouse, Ripple’s XRP-based remittance product, On-Demand Liquidity (ODL), is designed to replace that current model in the long run. Garlinghouse says Ripple is aiming for ODL to take over $2 trillion of liquidity in the current system in the coming years.

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Video is for educational purpose only. Copyright Disclaimer Under Section 107 of the Copyright Act 1976, Allowance is made for “Fair Use” for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair Use.
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This is not investment advice. All investments have risks. I am not responsible for any financial losses or gains you have made in investments. This content is for entertainment and educational purposes only. Not financial advice.

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