Ripple CEO Brad Garlinghouse was recently interviewed by CNBC at Money20/20 where he revealed his vision for the future of xRapid in 2018 and 2019. As is always necessary Brad highlighted the company’s focus on the¬†utility¬†of XRP as a digital asset.

During the interview, Brad gave valuable insight into the use of xRapid by major banks later this year:

”I’ve publicly stated that by the end of this year I have confidence that major banks will use xRapid as a liquidity tool, this calendar year. By the end of next year I would certainly hope we would see in the order of magnitude of dozens. But we also need to continue to grow that ecosystem, grow the liquidity, and it all comes back to… if we’re solving a real problem for real customers.”

At one point the interviewer asks whether he thinks XRP will overtake Bitcoin’s number one spot in terms of market cap. Brad stated that he does not think of the crypto world as a competition but rather a space where there will be ”many winners.” Mr. Garlinghouse also said he was long on Bitcoin and Bitcoin Cash. When asked about his opinion on Bitcoin’s role in the future of cryptocurrencies, Brad said:

”I think Bitcoin will have a role. I think it’s not gonna be the panacea that people once thought it would be where it would solve all of these different kinds of problems. Instead you’re seeing specialization of different kinds of blockchains.

The Bitcoin blockchain is quite slow and originally people thought it might solve a payments problem. But when you have an asset like XRP that’s a thousand times faster and a thousand times cheaper on a per-transaction basis Bitcoin can’t really compete on that level. An XRP transaction costs fractions of a penny and settles in three seconds. Comparatively you have Bitcoin taking 45 minutes, sometimes hours, to settle a transaction and the cost can be 3 dollars to 30 dollars. That might be cheaper than the alternative in today’s banking system but it’s not really an internet of value, a true step forward in how we can allow value to move in the way information moves today.


I think [Bitcoin] is a store of value. We as a world have decided to store value to the tune of about 130 billion dollars, I’m not sure of the current market cap.”

Check out the full 3-minute clip featuring Brad Garlinghouse on CNBC:

Crypto enthusiast, writer and editor.