Ripple wants a fights for both a global payment system and XRP in cryptocurrency war

Ripple the company, one of Silicon Valley’s most valuable private companies, has an ambitious plan to take share of the $2 trillion cross-border payments business. Part of that plan involves the cryptocurrency XRP. CNBC reports:

  • It’s the majority owner of XRP, often casually called “Ripple,” which fans defend with religious zeal.

  • Ripple faces multiple lawsuits by buyers of XRP, which has nosedived about 90 percent since its peak.

  • Still, Ripple’s CEO says 2018 was the best year on record as the company breaks the 200-customer threshold on Tuesday.

Bitcoin’s slumps, dragging ethereum, bitcoin cash and ripple with it from CNBC.

CEO Brad Garlinghouse knows this better than anyone. While Ripple looks to chip away at a multi-trillion-dollar cross-border-payments industry, he and other company executives are constantly clarifying the company’s relationship with the cryptocurrency “XRP” and its pack of zealous followers. Ripple  sells XRP on a regular basis. And based on the amount it owns, the company’s value is at least $20 billion. The valuation of ride-hailing start-up Lyft, by comparison, is around $15 billion.

“People got really excited about the potential of a new platform and the hype got ahead of the reality. That unequivocally has happened in this space,” Garlinghouse said in an interview at CNBC’s midtown offices. “There’s religious fervor around all of them — some people seem to think these are the crusades and this is a holy war being fought.”

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XRP, xrp news, crypto, news, xrp price, xrp regulation, ripple xrp, Ripple  sells XRP

Mohsen Daemi
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