Transactions in Ripple with an XRP token are by 1000 times faster and cheaper than with Bitcoin (BTC). This was announced by the Ripple CEO Brad Garlinghouse at the Swell Conference 2018 in San Francisco.
He also said that XRP proved itself to be the most effective instrument in payments.
“I’m assured we are creating a highly successful product,” the Ripple CEO added.
Apart from that, Brad noted that the price of XRP is not that important to him. He underlined that he does not know what its price is going to be in a few days, especially in a few weeks or months. He is interested in the technological aspect of the issue and products with source codes dealing with users’ problems.
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We wrote earlier that Ripple announced the commercial use of xRapid
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