Brad Garlinghouse, CEO of blockchain-based remittance giant, Ripple, recently featured in an interview with CNN’s Julia Chatterley.

You can download the full 21 minute interview with @Ripple CEO @bgarlinghouse by clicking on this link: https://t.co/MP9G8wcazd 😍 #XRP — Julia Chatterley (@jchatterleyCNN) February 17, 2020

According to Garlinghouse, when we look at a framework, the most important thing to consider is regulatory clarity. He further argued that, though remittance markets that has a lot of US Dollar and Euro flow continuous to be a high priority, the only resistance in cases like these is the regulatory clarity.

Garlinghouse hinted that India could be on their expansion list if the lawmakers provide some sort of relief in terms of regulating the market. He claims India hasn’t yet provided much clarity from a regulatory point of view and so, Ripple has not prioritized.

Although there is no outright band of crypto in the country, the clampdown by the Reserve Bank of India, imposed nearly 2 years ago, has created a negative impression for the market.

However, the regulatory issue has not deterred Ripple to leverage on the rich remittance market that India has to offer. According to latest data from Trading Economics, remittances in India increased from $14.641 billion in Q2 of 2019 to $16.373 billion in Q3 of 2019.

When asked if Ripple has decided to step back until regulations in the country are clarified, Garlinghouse asserted no. He claims it means a lot of frequent flyer miles for him.

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