Ripple CEO: Even the Banking Goliaths Will Have to Embrace Crypto, Blockchain Innovation
Cointelegraph
Published May 20, 2019 09:52AM ET
Ripple CEO: Even the Banking Goliaths Will Have to Embrace Crypto, Blockchain Innovation
Ripple CEO Brad Garlinghouse has argued that the biggest banks have a strong reason to embrace crypto and blockchain innovation, despite the apparent threat it poses to their current oligopoly. The CEO made his remarks during an interview on the Recode Decode podcast with Kara Swisher on May 20.
Throughout the interview, Garlinghouse underscored that Ripple’s approach is to work with financial institutions and regulators — with and not against the system. He contended that the idea of anonymous transactions that circumvent government and other authorities will not prevail, given global regulatory concerns about money laundering and terrorism financing.
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Written By: Cointelegraph
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