Ripple CEO- XRP Technology at the Heart of Ripple’s Global Reach
Ripple CEO– Brad Garlinghouse, CEO of Ripple, addressed the U.S. Senate Committee on Banking, Housing, and Urban Affairs with prepared remarks during a hearing focused on the structure of digital asset markets. In his testimony, Garlinghouse presented Ripple’s role in shaping the future of global finance and introduced XRP’s utility in cross-border payments.
Emphasizing Real-World Use Cases for XRP
Garlinghouse underscored Ripple’s global operations, highlighting the company’s partnerships with banks and financial institutions worldwide. He introduced XRP and the XRP Ledger (XRPL) as critical components of Ripple’s payment infrastructure.
“XRP was built to support fast, low-cost, and highly scalable transactions,” Garlinghouse stated, describing the asset as a foundational element of Ripple’s broader offerings—including cross-border payments, digital asset custody, and stablecoin technologies.
Compliance-First Approach and Global Licensing
Reassuring lawmakers, Garlinghouse emphasized Ripple’s dedication to regulatory compliance. The company, he noted, operates under more than 60 licenses globally, including U.S. money transmitter licenses.
He stressed Ripple’s commitment to working alongside regulators and policymakers, positioning the company as a responsible player in the evolving digital asset space.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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