Garlinghouse Slams Dogecoin as Utility-Devoid

Ripple CEO Brad Garlinghouse has expressed his disapproval of Dogecoin at the recent Consensus 2024 conference.

In his address, he emphasized that Dogecoin lacks real utility and its value is largely driven by speculative trading rather than practical application.

'Dogecoin Has Not Been Good For The Industry', he said.

Garlinghouse argued that meme-based cryptocurrencies like Dogecoin could be detrimental to the crypto industry's long-term credibility and progress.