Ripple Has Big Plans and Wants to Grow as Fast as Amazon

The year 2020 should be very important for Ripple. The CEO compared Ripple’s expected growth to Amazon’s.

Brad Garlinghouse, the CEO of Ripple, recently had an exclusive interview with CNN’s Julia Chatterley. It was about regulatory clarity regarding cryptocurrencies, a Federal Reserve digital currency, XRP, Ripple IPO and where he sees Ripple in the next four to five years. Interestingly, Garlinghouse compared Ripple’s expected growth over the next five years to that of Amazon.

The CEO of Ripple currently sees his company and its native cryptocurrency XRP very well and does not pay much attention to the short-term price promotions. Garlinghouse believes that Ripple’s ecosystem will continue to grow and solve real problems for real customers with projects like “Coil” for micropayments. Garlinghouse stated that he doesn’t see Bitcoin, Ethereum, or other crypto projects as competing projects and that overall growth in this area is good for all projects.

It will be difficult, but not impossible

Garlinghouse mentioned Amazon’s epic growth and how the company started out as an online book seller before it became a linchpin for all sorts of goods and began to dominate the entire market. He envisions a similar potential for Ripple but says that Ripple’s first and most important project is solving cross-border payments.

He says it’s hard to imagine where the crypto market will be in five years, but he sees Ripple getting much bigger and offering real solutions to customers. Ripple has partnered with many strategic companies such as SBI, Moneygram, IndusInd and more to increase its market share and influence in the transfer and cross-border payments industry.

The CEO concludes that they started 2020 with great momentum because Ripple has developed from a ‘speculative activity’ into a real service company. He assured that with increasing momentum, more customers will come on board, which will increase liquidity. Brad Garlinghouse said 2020 will be better as the global clarity of regulation in countries around the world improves.

Author: Marko Vidrih

Featured image credit: Pixabay