The Chief Executive Officer (CEO) of the payment firm Ripple Labs, Brad Garlinghouse, has revealed the game-changing role of XRP in revolutionizing the banking sector in the world.
Ripple CEO Says XRP Can Be Used To Settle Liquidity
Jack The Ripper, a community influencer and figure, shared the information with the cryptocurrency community on the social media platform X (formerly Twitter) on Monday. Ripper’s X post was accompanied by a short clip of Brad Garlinghouse in a recent interview with CNBC, where the CEO highlighted the role of crypto assets in transforming the banking sector around the world.
Speaking on revolutionalizing the banking sector, according to the Ripple CEO, Ripple currently “utilizes the digital asset (XRP) as a tool to settle liquidity needs between financial institutions (Bank).” In addition, Garlinghouse noted that there is a total of “$27 trillion presently held by different banks in the world to carry out payments between each other.”
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