The cryptocurrency company Coinbase has all grounds to integrate XRP, the digital currency of Ripple. This statement was made by Ripple Labs CEO Brad Garlinghouse at the CB Insights Future of Fintech conference.
According to the head of Ripple Labs, since XRP solves the issues of scaling for the largest banks and financial institutions, Coinbase should be interested in this crypto currency.
Brad Garlinghouse noted that XRP exists independently of Ripple. This means that even if the company disappears, its currency will continue to exist as a crypto active. In addition, XRP tokens are used in transactions between institutions and individuals as a utility currency, unlike shares and other traditional securities.
“I do not think that our possession of XRP gives us control. Saudi Arabia owns a large amount of oil. This does not give them control over the oil, “Garlinghouse said.
As CCN notes, the analogy with Saudi Arabia and its control over oil is related to the XRP consensus algorithm. Unlike the protocols in other crypto currencies that use the PoS share as proof and give the owners of the tokens more control over the network, XRP uses its own algorithm.
Share with friends and people who are interested in it!