Ripple CEO Brad Garlinghouse thinks Ripple will be a winner in the longer term / Ripple News Today - Thu Mar 29

SAN FRANCISCO -- Ripple CEO Brad Garlinghouse may be the man behind the popular cryptocurrency XRP, but that doesn't mean he has faith that every single token will survive.

Speaking to an audience of analysts at the Goldman Sachs' Technology and Internet Conference on Tuesday, Garlinghouse said he believes "most" cryptocurrencies will eventually lose all of their value. In short, he believes that most of these coins are simply not very useful as a transactional currency, meaning there's no reason for them to exist.

"It's not clear what the use case is. It's not clear the what value proposition is," he told the audience. "Long term value will be dictated by the utility of that asset."

XRP, which peaked $3.31 in January before falling to $0.99 at the time of writing, has caught the eye of investors because of its use within the Ripple payments system. Essentially, XRP is a token very specifically intended for doing fast and low-cost international transactions between banks. To Garlinghouse's point, that is the purpose of XRP.

XRP holds the third highest market cap of any cryptocurrency, at $40.1 billion. Still, some have criticized Ripple for holding the majority of XRP in company reserves, thus giving the company more influence over the price of the coin. This is in contrast to bitcoin, where inflation is determined by the rate at which "miners" generate new coins.

Though Garlinghouse's stance may seem rigid for someone whose company has come into prominence thanks to the recent crypto-craze, he hasn't written off all digital currencies.

Garlinghouse gave nod to the idea that bitcoin — which he says is 1000 times slower and more expensive than XRP — will still be used as a store of value, similar to the role that gold has played for . But it won't be used for payments, in his opinion.

"Bitcoin is going to solve a different problem," he said. Source: BusinessInsider

Ripple CEO Brad Garlinghouse Talks About The Reasons For Their Growth And Their Differences With Other Cryptos

However, since the creation of Bitcoin, many cryptocurrencies have been developed, each one adapting its own technology to the standards or philosophies of its developers. But even though they have different approaches and technologies behind them, almost all of them share a similar philosophy: Cryptocurrency is a mechanism that seeks to counteract dependence on traditional payment methods that third parties (such as banking and governments) have to rely on.

And this is what makes Ripple different from the rest. Although it is a software development based on blockchain technology, the truth is that they share very few similarities with other altcoins. In fact, for some people, it could be said that Ripple represents “the opposite” of what cryptocurrencies are. Some see it as the black sheep and question its nature by saying it’s not a “real” cryptocurrency. Some people go as far as saying that Ripple is quite the opposite of the “beautiful vision” that Satoshi Nakamoto had when he created Bitcoin and started the revolution that followed its inception.

Despite the negative opinions, Ripple is proud to sustain its growth in support of true “heavyweights” in the world economy: Business partners ranging from Western Union to SAMA (Central Bank of Saudi Arabia) and the Bank of England. Ripple does not seek to position itself as an alternative to traditional payment systems; on the contrary: it seeks to facilitate mechanisms that improve and facilitate traditional payment systems. And that is where Ripple’s strength lies, according to its CEO.

Earlier this year, during the “Blockchain Connect” conference in San Francisco, Ripple CEO Brad Garlinghouse, took the time to give an interview to Cointelegraph in which he was asked a series of questions related to Ripple’s vision as a company, and his opinion of other cryptos.

He sees Ripple as a purposeful initiative, and while Ripple’s website says they don’t have a Roadmap defined, the vision for the future of what they want to achieve seems to have been the lifeblood of their success.

“There’s a lot of science experiments in the Blockchain space. I think we are still at that starting line of the Blockchain space, overall. But We[Ripple] are the only ones that have actually crossed the starting line. There’s a marathon ahead, and I think we have a long way to go. But it’s clear that Ripple has passed the starting line. And I think there are a lot of people who are still experimenting with trying to figure out their product market fit.”

If you aren’t solving a real problem for real customers, you’re not going to drive velocity and activity in that digital asset (…) For Ripple, that global liquidity problem is measured in the trillions of dollars, I think that people are realizing that Ripple is gaining traction, we’re gaining engagement, we’re gaining more customers. So there’s been interest in that.”

Ripple has been working in that direction, making a series of strategic alliances that have allowed them to consolidate as a blockchain platform oriented towards payment processing between traditional service providers, even though many use their token (XRP) as a means to speculate like any other altcoin.

Earlier this year, Ripple reported an alliance with the Chinese payment service provider Lian-Lian; and then an important strategic agreement was later announced with SAMA. Soon after, Western Union joined the list of companies experimenting with Ripple, and just a few hours ago, Cambridge Global Payments confirmed the use of xRapid, an XRP-based technology solution for processing their payments internationally.

The massive use of Ripple by institutions with so much economic power made its capitalization become very significant, placing its token in the number 3 position of the most important cryptos according to coinmarketcap. It even surpassed Ethereum in importance, but after they removed the indicators of South Korean exchange houses, XRP`s value fell sharply (like that of many altcoins), however, since the last few weeks its value has been rising considerably.

Another aspect that never escapes in an interview or discussion about Ripple is the philosophy that sustains its existence. Faced with this controversial position, Mr. Garlinghouse makes his position very clear without any reservations:

“One thing that is interesting for me at Ripple is that in some ways people viewed Ripple as the contrarian. We were from the beginning really looking at how we work with governments, how we work with banks. And I think some in the crypto community have been very much,”How do we destroy the government. How do we circumvent banks?“

What's The Difference Between XRP's Tech And Other Cryptocurrency Assets?

Written on: Mar 12, 2018 - Sometimes, it appears like there is no public support for cryptocurrency networks, but this isn't the case: at least not exactly. It's true that cryptocurrencies come in different forms, but they all share the same logic regarding programming, private key cryptography, and peer-to-peer networking.

So, What Makes XRP Different?

XRP was created in 2012 but has already secured $40 billion in value. Regarding market capitalization, it ranks as the third largest cryptocurrency worldwide. Ripple, the company in charge of its operations, has been able to link up some impressive partnerships for the asset successfully.

New reports have revealed that the asset, XRP, isn't as successful as it appears. Ripple’s other financial products have contributed to its overall value. If you want to benefit from the market, learning as much as you can about the distinction between Ripple’s tech and other products (say Bitcoin and Ethereum) in the market will be helpful.

Although Ethereum, Bitcoin, and XRP trade on public exchanges, the method of operation is different. For starters, the ledger and consensus algorithm isn't the same. XRP as a cryptocurrency runs on the XRP ledger. The difference between this cryptocurrency and others is how the system solves a common challenge. The main problem people face with an algorithm like this is the double-spend problem. Ethereum and Bitcoin solve this problem with the proof of work algorithm. However, XRP solves it with an alternative trust-based system that depends on a segment of nodes to make the ultimate decision.

The segment is referred to as Unique Node List. This system allows the blockchain to cope with a higher throughput of transactions compared to other systems that depend on the proof of work.

The development and governance, supply and token economics, and value proposition techniques all contribute to make XRP a rather exceptional product. Statistics have revealed that it will continue to rise in value as time goes on.