Ripple CEO Uses Gold Transport Example to Push Digital Value Transfer

Ripple CEO Brad Garlinghouse pointed out that transporting gold reserves between jurisdictions is a slow and cumbersome process, using this example to argue in favor of digital methods of transferring value.

The Dutch central bank recently moved 86 tons of gold from North America to the United Kingdom, highlighting the challenges of physical asset transportation.

Ripple promotes faster cross-border settlements through its XRP Ledger and other solutions, which can remove some of the barriers typical of traditional transfers.