Garlinghouse Outlines Ripple’s Approach to Cross-Border Payments and XRP

Ripple CEO Brad Garlinghouse recently discussed the company's approach to cross-border payments and its use of XRP. He emphasized that cryptocurrencies need practical use cases and must address specific problems.

Garlinghouse highlighted XRP's role in addressing challenges in cross-border payments due to its transaction speed and relatively low costs. He also mentioned potential applications for digital assets in machine-to-machine and small-value payments, which could require payment systems capable of processing transactions worth fractions of a cent.

Garinghouse noted that XRP is not suitable for every use case and that different digital assets can serve different purposes.