A Quote by Brad Garlinghouse

XRP is a digital asset that exists on the XRP ledger, one of the open-source products created by Ripple. XRP is a pivotal component of the Internet of Value, since it solves a key point of friction: the pre-funding of nostro/vostro accounts necessary to facilitate cross border payments.

Brad Garlinghouse

Quote Topics

Accounts Asset Border Component Created Cross Digital Exists Facilitate Friction Funding Internet Key Necessary Open Payments Pivotal Point Products Ripple Since Source Value

Quote Author

Brad Garlinghouse
American - Businessman
Born: February 6, 1971

The thing I think is often misunderstood about Ripple is people say, 'Oh, Ripple is a centralized platform.' To me, this is a legacy perspective. Ripple's technology, IRP, is open source; XRP Ledger is open source.

Brad Garlinghouse

XRP is solving a payments problem, and it's very efficient to do that.

Brad Garlinghouse

A bank-issued digital asset can only really efficiently settle between the banks who issued it. I strongly believe banks need an independent digital asset to enable truly efficient settlement, and we believe XRP is best positioned for that role.

Brad Garlinghouse

If Ripple as a company went away, XRP would continue to trade. To me, that's the definition of decentralization.

Brad Garlinghouse

There is a lot of volatility in the digital asset market broadly, and certainly that is true in the bitcoin market. It's been true for XRP, and I think that's because these markets are very nascent.

Brad Garlinghouse

In 2017, people have realized there isn't going to be one crypto to rule them all. You're seeing vertical solutions where XRP is focused on payment problems, Ethereum is focused on smart contracts, and increasingly, bitcoin is a store of value. Those aren't competitive. In fact, I want bitcoin and Ethereum to be successful.

Brad Garlinghouse

If an open source product gets good enough, we'll simply take it. So the great thing about open source is nobody owns it - a company like Oracle is free to take it for nothing, include it in our products and charge for support, and that's what we'll do. So it is not disruptive at all - you have to find places to add value. Once open source gets good enough, competing with it would be insane. We don't have to fight open source, we have to exploit open source.

Larry Ellison

The idea of cross-border payments is going to completely go away... Our vision is for there to be no distinction between international and domestic payments.

Jeremy Allaire

My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.

Warren Buffett

Low-value payments are now possible. Now, Ripple can make it easy for Facebook and Uber and Amazon to make payments to developers in real time. It's online and completely global.

Chris Larsen

If the asset solves a real problem for a real customer, then there'll be value in the asset.

Brad Garlinghouse

Most people who live at the border or are familiar with the border know that a Berlin-like wall stretching from San Diego to Brownsville is not necessary. And the costs would be prohibitive. And there are places on the border, such as the Arizona desert or the open terrain around the Big Bend in South Texas, where Mother Nature has created her own barrier that is not easily passable. Or if you do pass through it, you are easily detected.

Alan Bersin

For a nanosecond in the pre-Internet pre-digital age, I was a hot young actor, in the sense of popular, and then it passed.

Kenneth Branagh

In the world of digital currencies, the social network around open source projects has become a critical test bed for ideas, products, services, and early users.

Meltem Demirors

Now it seems that everything in the world stems from sources other than God, since the products of nature have their source in nature; deliberate effects can be traced back to human reason or will as their source. There is no need then to assume that God exists.